answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Juli2301 [7.4K]
1 year ago
11

Madison Corporation sells three products (M, N, and O) in the following mix: 3:1:2. Unit price and cost data are: M N OUnit sale

s price$12 $10 $11Unit variable costs 9 8 9Total fixed costs are $585,000. The selling price per composite unit for the current sales mix (rounded to the nearest cent) is:
Business
1 answer:
kolbaska11 [484]1 year ago
6 0

Answer:

Selling price per composite unit= $11.3

Explanation:

Giving the following information:

Madison Corporation sells three products (M, N, and O) in the following mix: 3:1:2.

Unit price and cost data are: M N OUnit sales price$12 $10 $11

<u>First, we need to calculate the sales proportion for each product:</u>

M= 3/6= 0.5

N= 1/6= 0.17

O= 2/6= 0.33

<u>Now, the selling price per composite unit:</u>

Selling price per composite unit= (0.5*12) + (0.17*10) + (0.33*11)

Selling price per composite unit= $11.3

You might be interested in
The participants in a television quiz show are picked from a large pool of applicants with approximately equal numbers of men an
IgorLugansk [536]

Answer:

a) P(X \leq 2)= P(X=0)+P(X=1)+P(X=2)

P(X=0)=(11C0)(0.5)^0 (1-0.5)^{11-0}=0.00049

P(X=1)=(11C0)(0.5)^1 (1-0.5)^{11-1}=0.0054

P(X=2)=(11C0)(0.5)^2 (1-0.5)^{11-2}=0.027

And adding we got:

P(X \leq 2)= 0.033

b) P(X \geq 2)= 1-P(X

And replacing we got:

P(X \geq 2)= =1-[0.00049 +0.0054] = 0.994

c) P(X \leq 1)= 1-P(X

And replacing we got:

P(X \leq 1)=0.00049 +0.0054= 0.0059

Explanation:

Previous concepts

The binomial distribution is a "DISCRETE probability distribution that summarizes the probability that a value will take one of two independent values under a given set of parameters. The assumptions for the binomial distribution are that there is only one outcome for each trial, each trial has the same probability of success, and each trial is mutually exclusive, or independent of each other".

Solution to the problem

Let X the random variable of interest "number of women", on this case we now that:

X \sim Binom(n=11, p=0.5)

The probability mass function for the Binomial distribution is given as:

P(X)=(nCx)(p)^x (1-p)^{n-x}

Where (nCx) means combinatory and it's given by this formula:

nCx=\frac{n!}{(n-x)! x!}

Part a

For this case we want to find this probability:

P(X \leq 2)= P(X=0)+P(X=1)+P(X=2)

P(X=0)=(11C0)(0.5)^0 (1-0.5)^{11-0}=0.00049

P(X=1)=(11C0)(0.5)^1 (1-0.5)^{11-1}=0.0054

P(X=2)=(11C0)(0.5)^2 (1-0.5)^{11-2}=0.027

And adding we got:

P(X \leq 2)= 0.033

Part b

For this case we want this probability:

P(X \geq 2)

And we can use the complement rule and we got:

P(X \geq 2)= 1-P(X

And replacing we got:

P(X \geq 2)= =1-[0.00049 +0.0054] = 0.994

Part c

For this case we want this probability:

P(X \leq 1)

And we can use the complement rule and we got:

P(X \leq 1)= 1-P(X

And replacing we got:

P(X \leq 1)=0.00049 +0.0054= 0.0059

6 0
2 years ago
Desert Company purchased land to be used as a factory site for $1,350,000. Desert paid $100,000 to tear down two buildings on th
Pani-rosa [81]

Answer:

historical cost is $1,460,150

Explanation:

Computation of Cost of Land  

Cost                                           $1,350,000

Tear down                                      $100,000

Salvage                                                 -$8,500

Legal fees                                          $5,250

Title insurance                                  $3,600

pavement                                         <u> $9,800 </u>

Total                                             $1,460,150

3 0
2 years ago
Read 2 more answers
Frodic Corporation has budgeted sales and production over the next quarter as follows: July August September Sales in units 40,0
jarptica [38.1K]

Answer:

Sales for September= 55,000 units

Explanation:

Giving the following information:

July August September Sales in units 40,000 52,000 ?

Production in units:

July= 41,200

August= 52,300

September= 56,650.

10% of the next month's sales in units should be on hand at the end of each month.

Production August:

Sales August= 52,000

Ending inventory= ?

Beginning inventory= (52,000*0.10)= 5,200 (-)

Total= 52,300

Ending inventory= 52,300 - 52,000 + 5,200

Ending inventory= 5,500 units

Sales for September= 5,500/0.10= 55,000 units

8 0
2 years ago
Anna Conda purchased a new Toyota Tundra pickup truck for $45,000 and financed $41,000 with a 5 year, 3.5% loan. Following the f
photoshop1234 [79]

Answer:

Anna Conda

The total of all the loan payments made is

= $48,708.

Explanation:

a) Data and Calculations:

Cost of the new Toyota Tundra pickup truck = $45,000

Loan to finance the purchase of the truck = $41,000

Period of loan = 5 years

Interest rate on the loan for financing the purchase = 3.5%

Future Value Factor at 3.5% for 5 years from a FV table = 1.188

Future Value of the loan = $41,000 * 1.188 = $48,708

The total interest on the loan = $7,708 ($48,708 - $41,000)

4 0
1 year ago
Tamara is a Managerial Accountant at Everything New. Everything New manufactures furniture. Tamara purchased leather to be used
Murrr4er [49]

Answer:

B. Raw Materials

Explanation:

Raw materials are the basic components of manufacturing and production process in a goods manufacturing entity.  Raw Materials  are used in the production of a finished products (such as Crude Oil is a raw material for Petrol, Milk is a raw material for Yogurt, Yarn is a raw material for Garment whereas  Petrol, Yogurt and Garment are the finished products).

Keeping in view the above discussion, the leather purchased by the Tamara, to be used on some of the furniture to be manufactured by the Everything New, shall be classified as Raw Materials.

Answer is B. Raw Materials

4 0
2 years ago
Other questions:
  • Q 3.35: paulson oil account balances at january 31st include: cash $70,000, accounts receivable $100,000, common stock $120,000
    14·1 answer
  • Which of the following is NOT an employer responsibility stated in OSHA’s Bloodborne Pathogens Standard?
    10·2 answers
  • Tony is a 45-year-old self-employed psychiatrist who has net earned income of $300,000 in 2017. what is the maximum amount he ca
    13·1 answer
  • Improving your flexibility can benefit you in many ways. It can help you execute precise and difficult maneuvers better in sport
    15·1 answer
  • One use of inventory is A. to provide a hedge against inflation. B. to tightly synchronize production and distribution processes
    12·1 answer
  • Nabisco used a free-standing rack in the shape of a bus to promote its Ritz and other cracker products. The goal of the sales pr
    10·1 answer
  • Leopard Machinery is analyzing a proposed project. The company expects to sell 2,300 units, give or take 4 percent. The expected
    9·1 answer
  • Explain why the credit industry wants you to believe that you need a credit score
    11·2 answers
  • Denise Mccrae is a school-board member in Mariposa County. Appalled by the amount of junk food in the schools, she convinces the
    6·1 answer
  • Adrian's Premium Boxing Service subcontracts with a chocolate manufacturer to box premium chocolates for their mail order catalo
    13·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!