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satela [25.4K]
2 years ago
4

Shipp, Inc. manufactures a product requiring two pounds of direct material. During 2013, Shipp purchases 24,000 pounds of materi

al for $99,200 when the standard price per pound is $4. During 2013, Shipp uses 22,000 pounds to make 12,000 products. The standard direct material cost per unit of finished product is
a, $8.27
b, $9.01
c, $8.00
d, $8.53
Business
1 answer:
Andru [333]2 years ago
5 0

Answer:

c. $8.00 per unit

Explanation:

Standard direct material cost per unit of finished product =

Raw material required for each unit of the product = 2 pounds

Therefore, raw material for 12,000 units of finished product = 12,000 \times 2 = 24,000 pounds

Standard cost of 24,000 pounds of material for $4 per pound = 24,000 \times $4 = $96,000

Cost per unit of finished product = \frac{Cost}{Number \: of\: units} = \frac{96,000}{12,000} = 8

c. $8.00 per unit

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Given a need to raise capital of $2 million and attorney costs of $150,000, with an underwriter's spread of 3%, the amount of bo
ipn [44]

Answer:

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Explanation:

The computation of the amount of bond issuance is shown below:

= Raise capital + attorney cost - underwriter spread

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= $2,150,000 - 3% of $2,150,000

= $2,150,000 - $64,500

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We simply applied the above formula so that the correct value could come

6 0
2 years ago
An effective proposal should do all of the following except Group of answer choices showcase the writer's expertise and build cr
HACTEHA [7]

Answer:

The answer to this question is C. analyze findings, draw conclusions, and make recommendations intended to solve a problem.

Explanation:

A proposal is a plan or suggestion, especially a formal or written one, put forward for consideration by others. It is a write up that shows the intention of a writer and one seeks approval from others.

An effective proposal must showcase the writer's expertise and build credibility, get the reader's attention. analyze findings,  emphasize how the writer's methods and products will benefit the reader.

However a proposal is not a research work, therefore it should not include analysis of findings, drawing of conclusions and making recommendations intended to solve a problem.

Hence the right answer is C. analyze findings, draw conclusions, and make recommendations intended to solve a problem

3 0
2 years ago
Basic earnings per share ignores:A. All potential common shares.B. Some potential common shares, but not others.C. Dividends dec
Aleksandr [31]

Answer:

A. All potential common shares.

Explanation:

Basic earnings per share ignores all potential common shares.

8 0
2 years ago
In a tiny village, on the coast of South America, early inhabitants used sea shells, as money. Some of these shells were very be
RUDIKE [14]

Answer:

Option (B) is correct.

Explanation:

Unit of account:

There are some functions of money or we can say that characterstics of money:

(a) Medium of exchange

(b) Store of value

(c) Unit of account

(d) Standard of deferred payments

Sea shells are precious items but one cannot properly split divide those sea shells into small denominations like money does. Money is easily storable, people use as a medium of exchange and unit of account.

By unit of account we mean that we can easily measure the value of goods and service and many things in monetary terms but we cannot measure in terms of sea shells.

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8 0
2 years ago
The management of Elamin Corporation is considering the purchase of a machine that would cost $365,695 and would have a useful l
sergey [27]

Answer:

Internal Rate of Return (IRR) 9,00%

Explanation:

We use excel or a spreadsheet to calculate this ratio. See document attached.

We use a cash flow to solve this problem.

At moment 0 we have the investment cost , in this case  $365,695. From period 1 to period 9, we have incomes o benefits of $61,000. Then, we calculate the Net cash flow that is the difference between benefits and cost.

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Download xlsx
5 0
2 years ago
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