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Hadrana corporation reports that at an activity level of 5,500 units, its total variable cost is $275,330 and its total fixed cost is $86,240. what would be the average fixed cost per unit at an activity level of 5,600 units? assume that this level of activity is within the relevant range.

Answers

Answer 1
Answer:

Calculation of average fixed cost per unit at an activity level of 5,600 units:

The average fixed cost per unit can be calculated using the following formula:

Average Fixed cost Per unit = Total Fixed Cost / Number of Units

Total Fixed Cost at the level of 5,600 units is given $86,240

Hence, Average Fixed cost Per unit = 86240/5600 = $15.40


So, the average fixed cost per unit at an activity level of 5,600 units is $15.40

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Manny wants to be involved in a business but is not sure which type of business to join or create. He has capital to invest. He has a good network of potential investors and partners. He has no experience in management.A. Limited partner in a limited partnership.B. Neither a limited or general partner would be a good choice.C. General partner in a limited partnership.
Use the following classification to determine which category each of the following goods falls into. Goods Private Good Club Good Common Resource Public Good Museums that require admission fees Public swimming pools with free admission during summer Metered parking at a municipal parking lot Flood control Public basketball courts
A number of activities that are a part of a company's quality control system are listed below: a. Product testing.b. Product recalls. c. Rework labor and overhead. d. Quality circles. e. Downtime caused by defects. f. Cost of field servicing. g. Inspection of goods. h. Quality engineering. i. Warranty repairs. j. Statistical process control. k. Net cost of scrap. I. Depreciation of test equipment. m. Returns and allowances arising from poor quality. n. Disposal of defective products. o. Technical support to suppliers. p. Systems development. q. Warranty replacements. r. Field testing at customer site. s. Product design. Required: 1. Classify the costs associated with each of these activities into one of the following categories: prevention cost, appraisal cost, internal failure cost, or external failure cost. 2. Which of the four types of costs in (1) above are incurred in an effort to keep poor quality of conformance from occurring? Which of the four types or costs in (1) above are incurred because poor quality of conformance has occurred?
Nolan Company's cash account shows a $29,193 debit balance and its bank statement shows $28,152 on deposit at the close of business on June 30. Outstanding checks as of June 30 total $2,801. The June 30 bank statement lists $32 in bank service charges; the company has not yet recorded the cost of these services. In reviewing the bank statement, a $80 check written by the company was mistakenly recorded in the company’s books as $89. June 30 cash receipts of $3,853 were placed in the bank’s night depository after banking hours and were not recorded on the June 30 bank statement. The bank statement included a $34 credit for interest earned on the company’s cash in the bank. The company has not yet recorded interest earned. Prepare a bank reconciliation using the above information.

2. In industries that process joint products, the costs of the raw materials inputs and the sales values of intermediate and final products are often volatile. Change the data area of your worksheet to match the following: If your formulas are correct, you should get the correct answers to the following questions. a. What is the overall profit if all intermediate products are processed into final products?

Answers

Answer:

The answer is "74,000".

Explanation:

Please find the complete question in the attached file.

Profitability analysis of the total business:

The combined value for final sales                    4,69,000

Low cost of manufacturing end products:

Wool's cost                                     2,35,000

Process cost of segregation            40,000

Combined dyeing cost s 1,20,000 \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ 3,95,000

Gain benefit                                                                  74,000

Final answer:

To determine the overall profit in industries that process joint products, calculate the difference between the sales value of the final products and the costs of the raw materials inputs.

Explanation:

In industries that process joint products, the overall profit can be determined by calculating the difference between the sales value of the final products and the costs of the raw materials inputs. To find out the overall profit, follow these steps:

  1. Calculate the total sales value of the final products by summing up the sales values of all the final products.
  2. Calculate the total costs of the raw materials inputs by summing up the costs of all the raw materials.
  3. Subtract the total costs of raw materials inputs from the total sales value of the final products.

The resulting value will be the overall profit if all intermediate products are processed into final products.

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The owner of Showtime Movie Theaters, Inc., would like to predict weekly gross revenue as a function of advertising expenditures. Historical data for a sample of eight weeks follow. The owner then used multiple regression analysis to predict gross revenue (y), in thousands of dollars, as a function of television advertising (x1), in thousands of dollars, and newspaper advertising (x2), in thousands of dollars. The estimated regression equation was ŷ = 83.2 + 2.29x1 + 1.30x2. (a) What is the gross revenue (in dollars) expected for a week when $4,000 is spent on television advertising (x1 = 4) and $1,500 is spent on newspaper advertising (x2 = 1.5)? (Round your answer to the nearest dollar.)

Answers

Answer:

Y = 83.2 + 2.29x1  + 1.30x2

Y = 83.2 + 2.29(4) + 1.30(1.5)

Y = 83.2 + 9.16 + 1.95

Y = 94.31(thousand)

Y = $94,310

The gross revenue is $94,310

Explanation:

In this case, the estimated regression equation has been given.  Since x1 is $4,000 and x2 is $1,500, then, we will substitute these values for x1  and x2 in the equation. The addition of all values after the substitution gives the gross revenue.

Mullee Corporation produces a single product and has the following cost structure: Number of units produced each year 7,000 Variable costs per unit: Direct materials $ 51 Direct labor $ 12 Variable manufacturing overhead $ 2 Variable selling and administrative expense $ 5 Fixed costs per year: Fixed manufacturing overhead $441,000 Fixed selling and administrative expense $112,000 The absorption costing unit product cost is:________a. $65 per unit
b. $128 per unit
c. $63 per unit
d. $149 per unit

Answers

Answer:

unitary absorption production cost= $128

Explanation:

The absorption costing method includes all costs related to production, both fixed and variable. The unit product cost is calculated using direct material, direct labor, and total unitary manufacturing overhead.

First, we need to calculate the unitary fixed manufacturing overhead:

Unitary fixed overhead= 441,000 / 7,000= $63

Now, the unitary absorption production cost:

unitary absorption production cost= 51 + 12 + 2 + 63

unitary absorption production cost= $128

It costs $1,200 to produce 50 pounds of a chemical and it costs $2,200 to produce 150 pounds. The chemical sells for $15 per pound x is the amount of chemical; y is in dollars. a. Find the cost function. b. What is the fixed cost? c. How many pounds must be sold to break even? d. Find the cost and revenue at the break-even point.

Answers

Answer:

a.

C(y) = mx + b

y = cost in dollars

x = amount of chemical

m = per unit variable cost

b = fixed cost

b.

Use High low Method to calculate the Variable cost from the total cost given

Variable Cost = ( Highest activity cost - Lowest activity cost ) / ( Highest Number of Units - Lowest Number of Units )

Variable Cost = ( $2,200 - $1,200 ) / ( 150 - 50 )

Variable Cost = $1,000 / 100

Variable Cost = $10 per unit

Fixed Cost = $2,200 - ( 150 x $10 )

Fixed Cost = $2,200 - $1,500

Fixed Cost = $700

c.

Contribution Per Unit = Price - Variable cost

Contribution Per Unit = $15 - $10

Contribution Per Unit = $5

Break-even point = $700 / $5

Break-even point = 140 Pounds

d.

Revenue = 140 x $15 = $2,100

Cost = 140 x 10 = $1,400

Which of the following is a normative economic statement? The poverty rate hit a new high last year and income distribution also worsened. Health care accounts for roughly a third of total spending in the economy. The government needs to revamp the Social Security program to make it sustainable. Retail sales are expected to continue on their downward trend in the next three quarters.

Answers

Answer:

The government needs to revamp the Social Security program to make it sustainable.

Explanation:

A normative economic statement is always a suggestion for the economy, whereas a descriptive economic statement is a statement providing information, as it states the facts and do not provide any suggestion.

Here, in given instance the statement,

Government needs to improve or form the Social Security Program, so that the program is sustainable, is a suggestion and not a fact.

Thus, it is a normative economic statement.

Final answer:

Among the provided statements, the one suggesting the government needs to revamp the Social Security program to be sustainable is the normative economic statement due to its prescription for improvement.

Explanation:

Normative economics involves judgments and prescriptions for economic policies or outcomes. Among the provided statements, 'The government needs to revamp the Social Security program to make it sustainable' is a normative economic statement. This statement is normative because it is based on value judgments and expresses an opinion on how things should be. It suggests a course of action that ought to be pursued to improve the Social Security program and doesn't merely describe factual aspects of the economy like the rest of the statements do.

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At the beginning of the video, Priya ends her presentation by asking her colleagues to imagine "a world where you never have to wait in line for your groceries again!" What stage of Lewin’s Change Model is Priya exhibiting?

Answers

Kurt Lewin developed a change model that talks about creating a perception in the mind of the people that a change is needed,then taking adequate steps to bring about that change and then standardizing the new mindset .

Explanation:

Priya is exhibiting the First stage (Unfreezing)of Kurt Lewin change model.

There are three stages of Kurt Lewin Model:

  1. Unfreezing:This stage talks about changing the mindset of the people by helping them understand why change is required
  2. Changing:Taking appropriate steps to bring about the change.In this stage people resist the change because they are in a state of confusion and are very unsure about the change.
  3. Freezing:This stage involves freezing the changes that have taken place.A stage where the changes have been standardized

In the Beginning of the video Priya is talking about bringing the change ,by asking the colleagues to imagine "a world where you never have to wait in line for your groceries again!"
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