Cool Pool has these costs associated with production of 20,000 units of accessory products: direct materials, $75; direct labor, $125; variable manufacturing overhead, $60; total fixed manufacturing overhead, $600,000. What is the cost per unit under both the variable and absorption methods?
Variable
Method Cost per unit$$
Absorption
MethodCost per unit$$
Answers
The cost per unit under the variable method is $260 and the cost per unit under the absorption method is $290.
To calculate the cost per unit under the variable method, we need to consider the direct materials, direct labor, and variable manufacturing overhead.
The total variable cost per unit can be calculated as follows:
Total Variable Cost per Unit = Direct Materials + Direct Labor + Variable Manufacturing Overhead
Total Variable Cost per Unit = $75 + $125 + $60 = $260
To calculate the cost per unit under the absorption method, we need to consider the fixed manufacturing overhead as well. The fixed manufacturing overhead is a fixed cost that is spread across all units produced.
The total cost per unit under the absorption method can be calculated as follows:
Total Cost per Unit = Variable Cost per Unit + (Total Fixed Manufacturing Overhead / Number of Units)
Total Cost per Unit = $260 + ($600,000 / 20,000)
Total Cost per Unit = $260 + $30
Total Cost per Unit = $290
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Related Questions
in the context of quality function deployment, one of the first steps to build the house of quality is to: a. advertise, market, and offer the product to customers. b. evaluate the marketplace. c. identify the technical features of the design of the product. d. conduct prototype testing.
Answers
The correct answer is option (c) identify the technical features of the design of the product.
In the context of quality function deployment, one of the first steps to build the House of Quality is to identify the technical features of the design of the product.
What is quality function deployment?Customer-driven engineering, matrix product planning, and quality function deployment are other names for this concept. Customers are a part of every business. Some have both internal and external clients, while others have solely internal clients.
The four main steps of the comprehensive QFD process are product planning, product development, process planning, and production planning. In each of the four phases, a matrix or other visual representation is utilised, and each one is connected to the one before it. The Quality Function Deployment (QFD) paradigm of product development and manufacturing became well-known in Japan in the 1960s. By hearing what customers have to say, the model helps translate their needs and expectations into technical specifications.
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A machine was purchased for $500,000 with a residual value of $50,000. The company estimates that the machine will last 5 years and produce 2,000,000 parts over its life. Calculate depreciation expense using the Straight-Line method for the 5-year life. (NOTE: Round your answers to the nearest dollar and enter it enter it WITHOUT decimals, commas or dollar signs [Example 75000].)
Answers
This means that the company will record $90,000 as depreciation expense on the machine in each year of its useful life until it reaches the residual value of $50,000.
The Straight-Line method of depreciation allocates the cost of an asset evenly over its useful life. To calculate the depreciation expense for the machine over its 5-year life, we need to first determine the depreciable cost of the asset. The depreciable cost of the asset is the original cost minus the residual value. In this case, the depreciable cost would be $500,000 - $50,000 = $450,000.
Next, we divide the depreciable cost by the number of years of useful life to calculate the annual depreciation expense. So, the annual depreciation expense for this machine would be $450,000 / 5 years = $90,000. Therefore, the depreciation expense using the Straight-Line method for the 5-year life would be $90,000 per year. This means that the company will record $90,000 as depreciation expense on the machine in each year of its useful life until it reaches the residual value of $50,000.
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FILL IN THE BLANK.to effect planned organization change, od practitioners recommend using a ______ approach.
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To effect planned organizational change, OD (Organizational Development) practitioners recommend using a "systemic" approach.
The systemic approach in organizational change emphasizes the interconnectedness and interdependence of various elements within the organization. It recognizes that changes in one area of the organization can have ripple effects on other areas. By taking a systemic approach, OD practitioners consider the organization as a whole and focus on understanding the relationships, processes, and dynamics among different components, such as people, teams, structures, and culture.
This approach involves analyzing the current state of the organization, identifying areas for improvement, developing interventions, and implementing changes in a coordinated and holistic manner. It recognizes that successful organizational change requires addressing not only the surface-level symptoms but also the underlying root causes and the broader organizational context.
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What is the key to personal fulfillment in your job ?
Answers
to engage in lifelong learning
to interview people in the field
to reevaluate your career choice annually.
Which trait do MOST employers look for when hiring new employees?
Group of answer choices
punctuality
an outgoing personality
financial independence
a fashionable wardrobe
Answers
Answer: Punctuality
Explanation:
to be considered an mnc, a company based in the united states earns of its total sales revenues from operations outside the united states.true or false?
Answers
The statement regarding to be considered an MNC, a company based in the united states earns of its total sales revenues from operations outside the united states is the false.
What is multinational corporation (MNC) about?To be considered a multinational corporation (MNC), a company based within the United States does not fundamentally need to gain a particular parcel of its total deals incomes from operations outside the Joined together States.
Whereas working internationally may be a common characteristic of MNCs, there's no strict necessity with respect to the rate of deals income created exterior the home nation.
The key defining characteristic of an MNC is that it has commerce operations in different nations, with backups or members working in several markets around the world. The scale and degree of universal operations can change among MNCs.
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Glen has taken his team through the marketing research process for their company and crunched the data to find the correlations of customer and product relationships. He is now ready to present his findings to management? After his analysis, what next step will the management team take?
Answers
After the analysis, the next step to be taken by Glen would be to work on the discovered research and take actions for enhance growth.
A research wing in any organization plays a crucial role as it helps to rediscover new ideas and correlations and also the analysis of data on several fronts can help in engaging greater results as output. The data can be presented in the form of presentations with real time analysis. This quantitative research can help in identification of bigger roles which the marketing team can play in increasing their profits. Market research is a systematic process of collecting, analyzing and interpreting information on the real time scale.
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Dear Students,
For your performance Task, you will be expected to design a graph of your own.
We have done demand, supply and equilibrium the last couple of weeks. You are started a business but need to work out the quantity of demand and supply as well as prices and to do it on ONE graph.
Be creative and come up with any realistic numbers.
This graph can be made digitally or on paper and submitted to this assignment.
You can work in pairs or alone if need be. Please just make sure that both names are clearly visible on your work.
Answers
The demand and supply graph as well as the demand-supply equilibrium is depicted in the attached graph. Note that this is developed from the demand and supply schedule. The graph and the schedule are attached accordingly.
What is a demand schedule?A market demand schedule is a tally of the quantity of an item that all customers in a market would buy at a particular price in economics. The matching value on the demand schedule for every given price is the total of all consumers' quantities desired at that price.
An equilibrium price is a result of balancing demand and supply. Prices have a tendency to revert to this equilibrium until certain aspects of demand or supply alter. When either demand or supply, or both, shifts or moves, the equilibrium price changes.
Thus, the price point and quantity at which effective demand and supply are equal is called the demand-supply equilibrium.
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Of the following items, which one or ones describe items beneficial to your credit score? choose all that apply. low debt amount low debt amount short credit history length short credit history length multiple lines of credit multiple lines of credit payments are made on time
Answers
The statement that is beneficial to credit score is multiple lines of credit payments are made on time
What is Credit Score?In simply terms credit score is a record of history of how actively an inddividual services their debt or loan.
A positive credit score is advantageous in that financial institution are confident when given such a person loan
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Which is the most accurate definition of body language?
Answers
Answer:
The process of communicating nonverbally through conscious or unconscious gestures and movements
A qualitative forecasting method which utilizes individuals familiar with specific market segments, has them estimate the demand within these segments, and adds the forecasts together to get an overall forecast is.
Answers
Build-up forecasting is a qualitative method that makes use of people knowledgeable about particular market segments, asks them to estimate the demand within these segments, and then combines the forecasts together to create an overall forecast.
Using expert judgment, qualitative forecasting is a technique for producing projections about a company's financial health. By detecting and analyzing the relationship between current knowledge of previous operations and projected future operations, skilled professionals carry out qualitative forecasting.
The three primary approaches used in qualitative forecasting are the expert opinion approach, the Delphi technique, and the market survey approach. The expert opinion approach is uncomplicated and easy to apply.
Bottom-up forecasting is a technique for predicting an organization's future performance by beginning with basic company information and moving "up" to revenue. This strategy begins with a thorough customer or product information before expanding to revenue.
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Why is it critical for an organization to understand that eventually a product will go into the decline stage
Answers
It is critical for an organization to understand that eventually a product will go into the decline stage prepare to find replacement products.
What is the decline stage of the product?Decline stage is the last stage of the product life cycle which comes after the after introductory stage, growth stage and maturity stage.
It is the stage when the sales drop and start to decline as original need for the product have diminished.
Decline is also the reason due to the innovation of the new product.
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7. Testing for higher-order serial correlation Consider the AR(2) model: u
t =rho 1u t−1 +rho 2 u
t−2 +e t
Which of the following is the null hypothesis to test for second-order serial correlation? H 0 :rho 1
=0,rho 2
=0 H 0 :rho 1
=0,rho 2 =0 H 0 :rho 1 =0,rho 2
=0 H 0 :rho 1 =0,rho 2 =0
Answers
The null hypothesis to test for second-order serial correlation in the AR(2) model is: H₀: ρ₁ = 0, ρ₂ = 0.
In the AR(2) model:
uₜ = ρ₁uₜ₋₁ + ρ₂uₜ₋₂ + ẽₜ
where uₜ is the current error term, ρ₁ and ρ₂ are the autoregressive coefficients, uₜ₋₁ and uₜ₋₂ are the lagged error terms, and ẽₜ is the random disturbance term.
The null hypothesis (H₀) to test for second-order serial correlation in this model is stated as:
H₀: ρ₁ = 0, ρ₂ = 0.
This null hypothesis assumes that both ρ₁ and ρ₂, the autoregressive coefficients corresponding to the lagged error terms, are equal to zero. If the null hypothesis is true, it suggests that there is no second-order serial correlation present in the model, meaning that the current error term is not dependent on the previous two error terms.
By testing this null hypothesis, we are evaluating whether there is evidence to support the absence of serial correlation at the second order in the model. If the null hypothesis is rejected, it would indicate that there is significant second-order serial correlation, suggesting that the current error term is influenced by the previous two error terms.
The hypothesis testing procedure typically involves estimating the autoregressive coefficients ρ₁ and ρ₂ using the available data and conducting statistical tests, such as t-tests or likelihood ratio tests, to determine if they are significantly different from zero. The specific test statistic and critical values depend on the chosen testing method and the desired level of significance.
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what is public relations in commerce.
Answers
Explanation:
Public relations describes the various methods a company uses to disseminate messages about it's customers, employees, stockholders, suppliers or other interested members of the community.
Money needed to expand for additional inventory, equipment, marketing cost, employees, etc. is known as which of the following? Competitive risk Market analysis Marketing Expansion capital
Answers
Answer:
Expansion capital
Explanation:
Expansion capital can be defined as the money that a company uses to expand itself and business. Expansion capital is always included in company balance sheets. Expansion capital is also known as growth capital.
Expansion or growth money usually covers additional inventory, equipment, marketing cost, employees, etc as seen in the question.
Cheers.
These "work/life" programs that are offered to employees to make their lives easier are examples of
A. selection.
B. management development.
C. fringe benefits.
D. networking.
E. flextime plans.
Answers
"Work/life" programs are benefits offered by employers to their employees to help them achieve a better balance between their work and personal lives. These programs can include things like flexible schedules, paid time off, child care assistance, and wellness programs.
These programs are known as "fringe benefits" because they are additional perks that go beyond an employee's base salary or wages. Fringe benefits are designed to improve an employee's quality of life, which can lead to increased job satisfaction and productivity. Work/life programs, in particular, are becoming increasingly popular as employers recognize the importance of supporting their employees' well-being. For example, flexible schedules can help working parents juggle the demands of work and childcare, while wellness programs can encourage healthy habits that reduce stress and improve overall health. By offering these types of benefits, employers can attract and retain top talent, boostmorale, and create a positive work culture.
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YouKnow Inc. is a corporation that creates educational resources. It grants Middlewest Public School the right to use its online encyclopedias for three years in return for a fee. In this arrangement, YouKnow Inc. is the ________.
Answers
YouKnow Inc. is a corporation that creates educational resources. It grants Middlewest Public School the right to use its online encyclopedias for three years in return for a fee. In this arrangement, YouKnow Inc. is the licensor.
A person or business that grants sell, or otherwise transfers to another a restricted right to use something that they have exclusive legal rights over. The legal name for the authority so granted is a license, and the individual who benefits from the grant is known as a licensee.
License agreements come in a variety of forms. The International Manufacturing License Agreement and the International Trademark License Agreement are the two that are most frequently used in international trade.
A licensing agreement is a document that outlines the terms and conditions under which you are permitted to utilize the property of another party. The licensor, who grants permission, and the licensee, who receives permission, are the two parties to this agreement.
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When is the right time to create a will?
Answers
Answer:
Typically, anyone can prepare a will if they are over 18 years old.
Explanation:
who is the end lender in a mortgage broker transaction
Answers
In a mortgage broker transaction, the end lender is the financial institution or lender that provides the actual mortgage loan to the borrower.
The mortgage broker acts as an intermediary between the borrower and the end lender. The role of the mortgage broker is to connect borrowers with potential lenders and assist in the loan application process. Mortgage brokers work with multiple lenders, including banks, credit unions, and other financial institutions. They help borrowers find suitable loan options, submit the loan application, and negotiate terms on behalf of the borrower.
Once the borrower's loan application is approved, the mortgage broker facilitates the loan closing process. At this stage, the end lender provides the funds directly to the borrower to complete the home purchase or refinance the existing mortgage. The end lender becomes the legal lender of the mortgage and holds the mortgage note.
It's important to note that the mortgage broker does not typically provide the loan funds themselves but acts as an intermediary between the borrower and the end lender. The end lender assumes the financial risk and is responsible for disbursing the loan proceeds and managing the borrower's mortgage throughout its term.
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Which example is the best demonstration of initiative?
A. You don’t complain about the heavy workload you’ve been assigned.
b. You offer to take on some extra work when a coworker is out sick.
c. You agree to stay late to finish your work because you took a long lunch.
d. You always think carefully about a bad situation before proposing a solution.
Answers
Answer:
B
Explanation:
initiative isn't something we need to do but rather want to for someone or yourself, maybe to help.
Answer:
bbbbbbbbbbb
Explanation:
Why is it important for a human resource manager to carefully maintain
employee records?
Answers
Answer:
Certain records require employee privacy to be protected. Not maintaining and following best practices for employee record keeping leaves you vulnerable to defending yourself against lawsuits, labor investigations or audits.
Explanation:
How does microfinance benefit an economy?
Answers
Answer:
it enables people to use money wisely
Explanation:
this is because a specific amount of money will be provided for a specific reason
In the long run, prices are _______, wages are ______, and the relationship between inflation and unemployment is _____
Answers
Prices and wages can fluctuate over time, and there is no correlation between inflation and unemployment.
In the long run, wages and prices are adaptable and there is no correlation between inflation and unemployment because the economy is at full employment.
Is there a link between unemployment and inflation?
In the past, unemployment has been inversely correlated with inflation.This indicates that unemployment decreases when inflation rises.Conversely, lower inflation corresponds to higher unemployment.There will be more demand for goods and services when more people are employed.
How do wages and inflation relate to one another?
Real wages are lowered as a result of inflation's effects on the capital stock and relative prices in this context.The two impacts are added substance and cause the decrease in genuine wages to surpass the decrease in per-capita Gross domestic product.During times of high inflation, this mechanism may increase poverty.
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Self-insurance means:
Question 4 options:
A. Insuring your voice.
B. Buying health insurance.
C. Assuming your own financial risk for some of your property.
D. Buying extra insurance from your insurance company.
Answers
Answer:
assuming your own financial risk for some of your property
Answer:
Assuming your own financial risk for some of your property
A customer who buys 1 abc jan 30 call and 1 abc jan 30 put would want the market to:_____.
Answers
A customer who buys 1 abc jan 30 call and 1 abc jan 30 put would want the market to be volatile.
When a customer buys both a call and a put option for the same stock, with the same strike price and expiration date, it is known as a long straddle strategy. This strategy is used when the buyer expects a significant change in the stock's price, but is uncertain about the direction of the movement.
By buying the call option, the customer gains the right to buy the stock at the strike price. This is profitable if the stock price increases significantly. By buying the put option, the customer gains the right to sell the stock at the strike price. This is profitable if the stock price decreases significantly. In both cases, the customer wants the stock price to move significantly, as this will increase the value of at least one of the options. Therefore, the customer would want the market to be volatile, with large price swings in either direction.
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which object would require the strongest force to change its motion?
Answers
Why is it important to use standard English when applying for a job?
Answers
Answer:
You use standard English when applying for a job because in the U.s, the largest spoken language is English, making the language your go-to language for applying for jobs, starting a company, etc. If you use any other language, there is a high chance that the employer will not understand and you may get rejected.
Job is termed as the situation or the circumstances when the individual works under the boss or the employer. It is the best chance for the individual to show its best performance and get appraised by the employer.
English is a widely spoken language in many parts of the world, and it is one of the most frequently spoken languages on the planet. It is an official language in 53 countries throughout the world. It is the world's most widely spoken language. As a result, a command is required for this language.
When applying for a job, you use standard English because English has been the most frequently spoken native tongue, making it your go-to language for seeking employment, owning a business, and so on.
If you speak any of the other languages, there's a good chance the employer won't understand your language and you'll be turned down.
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Businesses use firewalls to protect their networks from internal threats.
O True
False
Answers
Correct on ED2022
Identify the problem by analyzing the given scenario. An IT software company is losing market share because it fails to launch new products in a timely manner. Decisions are centralized at the top, and employees have little or no voice. One way to solve this problem is to use teams to eliminate ____ in the company.
Answers
Explanation:
to eliminate their best efforts in the company
Answer:
"bureaucratic barriers"
Explanation:
i got it right on plato
does fat and soap have the same density?and why?
Answers
Answer:
Soap is soluble in water, but fat is not. Fat has a melting point above 47C and soap has a melting point above 100C. Fat has a density of 0.92 g/cm3 and soap has a density of 0.84 g/cm3. These are all properties that make fat and soap different substances.
Explanation: