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Nina [5.8K]
2 years ago
7

Delvin Corporation, which has only one product, has provided the following data concerning its most recent month of operations:

Selling price $199 Units in beginning inventory 0 Units produced 1,930 Units sold 1,565 Units in ending inventory 365 Variable costs per unit: Direct materials $53 Direct labor $68 Variable manufacturing overhead $15 Variable selling and administrative $22 Fixed costs: Fixed manufacturing overhead $9,450 Fixed selling and administrative $35,200 What is the total period cost for the month under variable costing?
Business
1 answer:
nexus9112 [7]2 years ago
4 0

Answer:

Total Perdiod Cost 44,650

Explanation:

A period cost<u> cannot be capitalized into inventory</u>

Under Variable costing, the fixed cost are period cost.

So total period cost = total fixed cost

Fixed manufacturing overhead $9,450

Fixed selling and administrative $35,200

Total Fixed Cost 44,650

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You created a financial model for a pitchbook being presented tomorrow to a potential new client. While reviewing the final vers
sashaice [31]

Explanation:

A pitchbook is confidential document. It is basically a sales document, used by the sales force, which contains main features or attributes of the firm, the potential of the firm and the future aspects of the firm in detail.

So keeping the given question in mind, I would write to my supervisor as follows:

Subject: Assistance Required

Body:

Dear Sir,

By reviewing the whole document finally, which is to be presented to the client tomorrow, I found some mistakes in the results. I came to know that the results are incorrect and are surely needed to be corrected before the presentation.

I recommend you to delay the meeting for 3 hours by the scheduled time, as i need to check and correct the whole figures again and this would take time.

I am looking forwards for your advice.

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2 years ago
6. Harris Corporation is an all-equity firm with 100 million shares outstanding. Harris has $250 million in cash and expects fut
maria [59]

Answer:

Using the discount cash flow model to value the company, we can say that the company is worth $85 million / 12% = $708.33 million

Each stock should be worth approximately $708.33 million / 100 million = $7.0833 per stock

If the company uses the cash to finance new projects, then future cash flows should be approximately $97.75 million, and the company's value = $97.75 million / 12% = $814.583 million. This represents a 15% increase in value. The stock price should also increase by 15% to $8.1458 per stock.

If the company instead decides to repurchase stocks using all the cash, then it could repurchase 35.29 million stocks. Since we are assuming that the company's future cash flows wouldn't be affected by this decision, then the company's total value will still be $708.33 million, but each stock would be worth much more = $708.33 / 64.71 million stocks = $10.95. This represents a 34.36% increase with respect to the other alternative of investing the cash.

The issue here, is that this situation is not very realistic. It is not normal for a company to use all of its cash to repurchase stocks since it would result in a huge increase in stock prices (stock prices are set by supply and demand). Also, this would also result in a sharp increase in the cost of equity due to higher risks.

3 0
2 years ago
What differences do you notice when looking at your posts and how they performed on each platform? Compare impressions, engageme
vovangra [49]

Answer:

Conversion

Explanation:

The best thing to look out for when checking how a post is performing is the conversion.

Conversion is the number of people that your post was able to bring to partake in or buy your products.

This is very important because, it is the aspect that will show that the money you spent on the promotion of the post is not wasted.

It should be understood that others like impression, clicks, share etc are just to show you that people are seeing your post. This is because those ones are not actually going to bring any money to you.

8 0
2 years ago
Prof. Chaos finds a new house he wants to buy for $260,000. After selling his current house he expects to have $80,000 as a down
olchik [2.2K]

Answer:

The monthly payment will be for  259.35

Explanation:

we will calculate the couta for an ordinary annuity of 30 years at 4% discount rate

PV \div \frac{1-(1+r)^{-time} }{rate} = C\\

PV  $180,000.00

time 360 (30 years x 12 months per year)

rate 4% divided into 12 months: 0.003333333

180000 \div \frac{1-(1+0.003333)^{-360} }{0.003333} = C\\

C  $ 259.348

5 0
2 years ago
Mama Fran's Bakery makes a variety of home-style cookies for upscale restaurants in the Atlanta metropolitan area. The company's
Usimov [2.4K]

Answer:

Standard cost per pound= $34.21

Explanation:

The standard cost is the sum of direct material, direct labor, and total overhead. We will calculate each separate.

Direct material:

10 ounces cookie mix for $0.80= $8

5 ounces of milk chocolate for $4= $20

1 ounce of almonds for $12 the pound= $0.75

1 pound= 16 ounces

1 ounce= 0.0625*$12= $0.75

Direct labor:

1 minute in the mixing department

2 minutes in the baking department.

Mixing= $14.40* (1/60)= $0.24

Baking= $18*(2/60)= $0.6

Overhead:

Variable overhead is applied at a rate of $32.40 per DLH

Fixed overhead is applied at a rate of $60.00 per DLH.

Variable= 32.40 * (3/60)= $1.62

Fixed= 60* (3/60)= $3

Standard cost per pound= (8 + 20 + 0.75) + (0.24 + 0.6) + (1.62 + 3)= $34.21

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