Answer:
General Motors (GM)
If the price of the stock at that time was $36 per share, the true statement is:
a. GM's earnings per share was 3.66.
Explanation:
a) Data and Calculations:
Price-earnings ratio = 9.84
Market price of stock at that time = $36 per share
Earnings per share = Market price per share/Price-earnings ratio
= $36/9.84 = 3.659
= $3.66
Check:
Price-earnings ratio = Market price per share/Earnings per share
= 9.84 ($36/$3.66)
Machine maintenance ($330,000) machine hours 250 750 1,000
Setups ($630,000) setups 35 20 15
Packing ($166,000) cartons 10 30 60
Photo development ($574,000) pictures 4,400 2,400 1,400
Deluxe textbooks are made with the finest quality paper, six-color printing, and many photographs. Moderate texts are made with three colors and a few photographs spread throughout each chapter. Economy books are printed in black and white and include pictures only in chapter openings.
Required:
Sheridan currently allocates all overhead costs based on machine hours. The company produced the following number of books during the prior year:
Deluxe Moderate Economy
50,000 150,000 200,000
Determine the overhead cost per book for each book type.
Answer:
Deluxe= $4.25 per book
Moderate= $4.25 per book
Economy= $4.25 per book
Explanation:
Giving the following information:
Activity (Cost) Cost Driver Delux Moderate Economy
Machine maintenance ($330,000) machine hours 250 750 1,000
Setups ($630,000)
Packing ($166,000)
Photo development ($574,000)
First, we need to calculate the total overhead cost:
Total overhead= 330,000 + 630,000 + 166,000 + 574,000= 1,700,000
Now, we can calculate the estimated manufacturing overhead rate to allocate overhead to each book type.
The allocation base is machine-hours.
Estimated manufacturing overhead rate= total estimated overhead costs for the period/ total amount of allocation base
Estimated manufacturing overhead rate= 1,700,000/ 2,000= $850 per machine hour.
Now, we can allocate overhead to each book:
Allocated MOH= Estimated manufacturing overhead rate* Actual amount of allocation base
Deluxe= $850*250hours= $212,500
Moderate= $850*750hours= $637,500
Economy= $850*1,000= $850,000
Based on the number of units, we can calculate the unitary overhead:
Deluxe= $212,500/50,000= $4.25 per book
Moderate= $637,500/150,000= $4.25 per book
Economy= $850,000/200,000= $4.25 per book
To determine the overhead cost per book for each type, we first establish the cost per unit/activity (machine hour, setup, carton, picture). Then, we multiply each activity cost by the respective number of activities for each book type. Finally, we divide the total overhead cost by the number of books produced. This method is known as Activity-Based Costing.
To determine the overhead cost per book for each book type, Activity-Based Costing (ABC) is used. This cost allocation method assigns overhead costs to each activity (or task) involved in the production process and then allocates these costs to the various products based on the volume of each activity they require.
Step 1: Calculate the cost per driver for each activity.
Step 2: Calculate the total overhead cost for each book type by multiplying the cost per driver by the number of drivers for each activity.
Step 3: To find the overhead cost per book, divide the total overhead cost by the number of books produced.
From this exercise, it is clear that different products consume overhead resources differently and thus can have different per-unit overhead costs when you move from the traditional cost system to the Activity Based Costing method.
#SPj3
purchase order
employee time ticket
receiving document
Answer:
job cost sheet
Explanation:
The job cost sheet refers to the statement used to report production costs and is developed by businesses using a work-order charging system to measure and assign costs of goods and services.
is the responsibility of the accounts department to chart all production costs (primary supplies, direct labor and overhead production) on the work cost sheet. For each worker, a separate job expense sheet is arranged.
Job cost sheet not gets utilized for paying work expenses only, it's also component of the reporting records of the business. It is also used in the system account as something of a subordinate ledger to the project as it includes all the information about the work being done.
Answer:
The explanation including its single issue is outlined in the section below on theories.
Explanation:
Analysis of work environment or profession is also widely recognized as the analysis of jobs. That would be the first starting point throughout the staffing process.
It describes items as follows:
Operating assets $164,101 $153,211
Operating liabilities 120,785 114,836
Net cash flow from operations 46,709 39,540
Net operating profit after tax (NOPAT) 33,371 31,742
Discount factor 6.0% 6.0%
What are the company's free cash flows to the firm (FCFF) for 2017?
A. $28,430
B. $24,638
C. $28,907
D. $25,797
E. None of the above
Answer:
Option (A) is correct.
Explanation:
Net Operating assets in 2017:
= Operating assets - Operating liabilities
= $164,101 - $120,785
= $43,316
Net Operating assets in 2016:
= Operating assets - Operating liabilities
= $153,211 - $114,836
= $38,375
Increase in net operating assets:
= $43,316 - $38,375
= $4,941
Company's free cash flows to the firm (FCFF) for 2017:
= Net operating profit after tax 2017 - Increase in net operating assets
= $33,371 - $4,941
= $28,430
Answer:
Thanks for the fact
Explanation:
Can I have brainliest pls?
Answer:
An contract is an understanding agreement that can be implemented in court it is a shaped by two or more gatherings who consent to perform or to cease from playing out some demonstration now or later on . The target hypothesis of agreements not by the individual or subjective aim or conviction of a gathering .The hypothesis is that gathering's expectation to go into an agreement is judged by outward destinations truths as deciphered by a sensible individual ,as opposed to by the gathering's mystery subjective aims . the essential components of a substantial contract and the path in which an agreement is made. The agreements that fall under this circumstance would be the agreement of arrangement contract of development ,contract of execution and the agreement of enforceability. The main contract would be the agreement of arrangement .They are contracts that are grouped in light of how when an agreement of development .
In the event that Ed had constantly paid for all the earlier pieces of candy, there gives off an impression of being suggested in actuality contract taking into account the earlier course of dealings amongst Ed and Fran.
Waving the sweet treat at Fran can be seen as an affirmation that Ed was not surreptitiously taking the piece of candy, but rather was demonstrating that he would get her the cash for that one later. His questionable signal in light of the gatherings earlier course of managing could sensibly be translated by Fran as a nonverbal IOU at the cost of that 1 piece of candy.There can likewise be an inferred in law contract taking into account the same certainties since to not force a suggested in law guarantee to pay results in the uncalled for improvement of Ed at the expense of Fran.Either sort of inferred contract is enforceable in Court.
The situation between Ed and Fran and the brownie forms an implied-in-fact contract, based on their established habitual behaviors. It's an executed and enforceable contract assuming there are no factors that may render the contract unenforceable.
In the scenario presented, a contract indeed exists between Ed and Fran. This is an implied-in-fact contract because it was formed by the conduct of the parties involved rather than a formal agreement. Ed's habitual behavior of picking up items and paying for them establishes a pattern of conduct and an unspoken agreement.
In terms of performance, this is an executed contract, because Ed picked up a brownie and walked out. Presumably, from past behavior, he is expected to pay later.
As for enforceability, assuming there are no elements that may render the contract unenforceable (such as fraud or mistake), it is enforceable. Fran could presumably sue for breach of contract if Ed failed to pay for the brownie.
#SPJ11