Answer:
$12.6
Explanation:
Calculation for incremental manufacturing cost
The incremental manufacturing cost will be the addition of the following :
Direct materials $ 6.50
Direct labor $ 3.90
Variable manufacturing overhead $ 2.20
Incremental manufacturing cost $12.60
Therefore incremental manufacturing cost will be $12.60
Answer:
$475,000
Explanation:
The amount should be reported as unearned service contract revenues in Ryan's December 31, Year 1, and balance sheet will be the amount that has not expired in year 1 or outstanding service contracts that will expire in year 2 to year 4. Therefore,
Year 2 + Year 3 + Year 4 = $150,000 + 225,000 + 100,000 = $475,000 should be reported as unearned service contract revenues.
Answer:
Instructions are below.
Explanation:
Giving the following information:
Model A12:
selling price= $60
variable cost= $43
Model B22:
selling price= $111
variable costs= $79
Model C124:
selling price= $402
variable costs= $309.
Sales mix:
A12= 60%
B22= 27%
C124= 13%.
Fixed costs= $225,789
First, we need to calculate the break-even point in units for the company as a whole:
Break-even point (units)= Total fixed costs / Weighted average contribution margin ratio
Weighted average contribution margin ratio= (weighted average selling price - weighted average unitary variable cost)
Weighted average contribution margin ratio= (0.6*60 + 0.27*111 + 0.13*402) - (0.6*43 + 0.27*79 + 0.13*309)
Weighted average contribution margin ratio= 30.93
Break-even point (units)= 225,789/30.93
Break-even point (units)= 7,300 units
Now, for each product:
Sales mix:
A12= 0.6*7,300= 4,380
B22= 0.27*7,300= 1,971
C124= 0.13*7,300= 949
Answer:
Explanation:
The cost of the car = $40,000
Down payment = $5,000
Therefore loan amount on the car = Cost of the car - Down payment
= $40,000 - $5,000
= $35,000
But loan repayment starts from 13th months; therefore there are 12 months or 1 year for which interest amount will be added with the total loan amount
Total loan amount after one year = $35,000 * (1+6%) ^1 = $37,100
Now we can use PV of an Annuity formula to calculate the monthly payment of car loan
PV = PMT * [1-(1+i) ^-n)]/i
Where PV = $37,100
PMT = Monthly payment =?
n = N = number of payments = 60 months
i = I/Y = interest rate per year = 6%, therefore monthly interest rate is 6%/12 = 0.5% per month
Therefore,
$37,100 = PMT* [1- (1+0.005)^-60]/0.005
PMT = $37,100/51.72
= $717.38
Therefore correct answer is option A. $717.38
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