Answer:
a.$15.07 per unit
Explanation:
Using a single plantwide overhead rate based on direct labor hours each product is assigned $15.07 of overhead per unit.
Plantwide overhead rate = Total Budgeted Overhead/ Total Budgeted Direct Labor Hours
Plantwide overhead rate = $320,900/ 21,300= $ 15.065= $ 15.07
Overhead Total Direct Labor Hours DLH per Product A B
Painting Dept. $255,200 10,100 3 11
Finishing Dept. 65,700 11,200 6 7
Totals $320,900 21,300 9 1
Answer:
since 
Explanation:
U(q₁ q₂)
Budget law can be given by
Lagrangian function can be given by
First order condition csn be given by
From eqn (i) and eqn (ii) we have
Putting 
in euqtion (iii) we have
since
Answer:
Unitary variable cost= $42
Explanation:
Giving the following information:
Direct Materials $14
Indirect Materials (variable) $4
Direct Labor $8
Indirect Labor (variable) $6
Other Variable Factory Overhead $10
During the period, the company produced and sold 1,000 units.
Under the variable cost method, the product cost is calculated using direct material, direct labor, and variable overhead:
Unitary variable cost= 14 + 8 + (4 + 6 + 10)= $42
Answer:
Explanation:
Firs, find the markup amount in dollars;
Markup amount = Cost * markup rate
Cost = $22
markup rate = 30% or 0.30 as a decimal
Markup amount = 0.30*22 = $6.6
Next, find the retail price using the markup amount calculated above;
Retail Price = Markup amount + cost
Retail price = $6.6 +$22
= $28.6
Therefore, the sneakers retail price is $28.6
Answer:
<em>Hamburgers = 27</em>
<em>Sodas = 93</em>
Explanation:
Let x = Hamburgers
y= Sodas
Now form a system of equation aX + bY = C
where
a= 1.75 = coefficient of variable X
b= 0.75 = coefficient of variable Y
C= 117.50
Put these values in above equation
1.75x + 0.75y = 117.50 . . . . . (1)
Since I sold total of 120 hamburgers and sodas, we can write
x + y = 120 . . . . . (2)
or y = 120 - x ....... put this value in eq.1
1.75x + 0.75( 120 - x ) = 117.50
1.75x + 90 - 0.75x = 117.50
90 + x = 117.50
x = 117.50 - 90
x = 27 .......... put this in equation 2
x + y = 120
27 + y = 120
y = 120 - 27
y = 93
