For financial accounting purposes, the total amount of product cost incurred to make 10,000 units is given by
($6.00 x 10,000) + ($3.50 x 10,000) + ($1.50 x 10,000) + ($4.00 x 10,000) = $60,000 + $35,000 + $15,000 + $40,000 = $150,000
Part 2.
The total amount of period cost to make 10,000 units is given byPart 3.)
If 8,000 units are sold the variable cost per unit sold is given byPart 4.)
Therefore, if 12,500 units are sold the variable cost per unit sold is given byPart 5.)
Therefore, if 8,000 units are sold the variable cost related to the units sold is given byPart 6.)
If 12,500 units are sold the variable cost per unit sold is given byPart 7.)
Given that 10,000 units were budgeted, thus the total fixed manufacturing overhead is given by 10,000 x $4.00 = $40,000Therefore, if 8,000 units are produced, the average fixed manufacturing cost per unit produced is given by $40,000 / 8,000 = $5.00
Part 8.)
If 12,500 units are produced, the average fixed manufacturing cost per unit produced is given by $40,000 / 12,500 = $3.20Part 9.)
If 8,000 units are produced, the fixed manufacturing cost incured to support this level of production is $40,000Part 10.)
If 12,500 units are produced, the fixed manufacturing cost incured to support this level of production is $40,000Part 11.)
The total variable manufacturing overhead is given by $1.50 x 8,000 = $12,000Given that 10,000 units were budgeted, thus the total fixed manufacturing overhead is given by 10,000 x $4.00 = $40,000
Therefore, the total amount of manufacturing overhead cost incurred to support this level of production is given by $12,000 + $40,000 = $52,000
And the the total amount of manufacturing overhead cost incurred to support this level of production expressed on a per unit basis is given by $52,000 / 8,000 = $6.50
Part 12.)
If 12,500 units are produced, what is the total amount of manufacturing overhead cost incurred to support this level of production? What is the total amount expressed on a per unit basis?
The total variable manufacturing overhead is given by $1.50 x 12,500 = $18,750
Therefore, the total amount of manufacturing overhead cost incurred to support this level of production is given by $18,750 + $40,000 = $58,750And the the total amount of manufacturing overhead cost incurred to support this level of production expressed on a per unit basis is given by $58,750 / 12,500 = $4.70
Part 13.)
If selling price is $22 per unit, what is the contribution margin per unit sold?
Contribution margin is a product’s price minus all associated variable
costs, resulting in the incremental profit earned for each unit sold.
Part 14.)
If 11,000 units are produced, what are the total amounts of direct and indirect manufacturing costs incurred to support this level of production?
Thus the total amount of direct manufacturing costs is given by ($6.00 x 11,000) + ($3.50 x 11,000) = $66,000 + $38,500 = $104,500
Thus the total amount of indirect manufacturing costs incurred is given by ($1.50 x 11,000) + ($4.00 x 11,000) = $16,500 + $44,000 = $60,500
Therefore, the total amounts of direct and indirect manufacturing costs incurred to support this level of production is given by $104,500 + $60,500 = $165,000.
Part 15.)
What total incremental cost will Martinez incur if it increases production from 10,000 to 10, 001 units?
An incremental cost is the increase in total costs resulting from an increase in production.When producing and selling 10,000 units, the average cost per unit for Martinez company could fall within the range of $10 to $20, depending on the specific plant's production capacity.
Explanation:Figure 33.5 illustrates economies of scale for a plant producing toaster ovens. The average cost of production varies based on the quantity of production. Production plant S has an average cost of production of $30 per toaster oven, plant M has an average cost of production of $20 per toaster oven, and plant L has an average cost of production of $10 per toaster oven. Production plant V, despite being larger, still has an average cost of production of $10 per toaster oven. This means that when producing and selling 10,000 units, the average cost per unit for Martinez company could fall within the range of $10 to $20, depending on the specific plant's production capacity.
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A manager who is organized and self-discipline is;
Team member a and team member b engage in heated disagreements on a frequent basis in team meetings. their behavior is characterized by insistence on their points of view and refusal to back down or to negotiate alternative solutions once their ideas have been expressed. this behavior is characteristic of
The cheap foreign labor argument for protectionism refers to ________.
The cheap foreign labor could possibly disrupt the market of skilled and unskilled labor in the country that could lead to a high rate of unemployment.
Further Explanation:
Protectionism:
When a government of a country make policies and takes actions to protect the domestic industries of the country which could be disrupted by the foreign companies. Counties use the protectionism theory to grow their domestic industries. Foreign companies can disrupt the local competition with unfair means such as high capital investment against small domestic businesses.
A government of the country should use the protectionism theory in order to converse the domestic economy. The government can use the following methods to protect the domestic industries: Tariffs, lower export duty, and higher import duty.
Cheap foreign labor argument for protectionism:
The decrease in the cost of the product is beneficial for the business as it will increase the profit of the company. Cheaper labor will lead to a higher profit for a company. Therefore, the company would prefer a cheap labor option. In the given case, the cheap foreign labor argument means that cheap foreign labor will disrupt the market for domestic labor. The domestic labor would be replaced by cheaper foreign labor and it will increase the unemployment in the country.
Thus, cheap foreign labor could possibly disrupt the market of skilled and unskilled labor in the country that could lead to a high rate of unemployment.
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Answer details:
Grade: Senior School
Subject: Economics
Chapter: National Income
Keywords: Domestic, saving, the cheap, foreign, labor, argument, for, protectionism, refers, too, income.
Why do people purge or clean out their financial records instead of keeping every financial document they receive? << Read Less
People purge or clean out their financial records instead of keeping all of them simply because those files lose relevance.
Financial records are important to be kept but some of them eventually lose relevance and so will no longer need to be kept around.
For instance, there are files that lose relevance after 3 years and some that lose relevance after 7 years because they will no longer be required by authorities or other stakeholders.
Examples of files that lose relevance after 3 years:
Bank deposit slips Medical bills Credit card statementsExamples of files that lose relevance after 7 years:
Banks statements Insurance records Expired leasesThere are others that lose relevance even before 3 years.
In conclusion, keeping files that are no longer relevant is not important and so they can be cleaned away.
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People purge or clean out their financial records to manage space, reduce clutter, and maintain organized and relevant documentation. Keeping every financial document indefinitely can lead to confusion and difficulty in finding needed information.
Individuals and businesses often receive a multitude of financial documents, such as receipts, bills, and statements. Holding onto all these documents can cause unnecessary clutter and disorganization. Regularly purging financial records helps manage physical space and ensures that only the most important documents are kept.
Additionally, organizing financial records by discarding outdated or irrelevant documents can greatly improve efficiency. This allows for quicker access to necessary financial information, facilitating better financial decision-making and effective budgeting. Properly discarding sensitive financial documents also protects against identity theft and ensures compliance with privacy regulations.
Many financial documents only need to be kept for a certain period, such as tax records for seven years. Understanding the retention period for different types of documents helps individuals maintain an organized and manageable system, making the retrieval process easier when needed.
Are there more client computers or more server computers on the internet? why?
There are vastly more client computers than server computers on the Internet. This is because each individual user typically operates at least one client device, while each server can support connections from multiple clients. However, the exact ratio can vary based on several factors.
Explanation:In the Internet framework, there are significantly more client computers than server computers. This is because each individual connected to the Internet generally operates a client device, like a personal computer, smartphone, or tablet. These devices request information from server computers, which host and provide data. Each server can support multiple clients simultaneously, and given that there are billions of Internet users worldwide, the number of client devices significantly outpaces the number of servers.
While servers are powerful machines built to handle numerous requests and host vast amounts of data, they make up only a fraction of the total Internet-connected devices. The development and adoption of uniform protocol systems in networking technology, emerging from initiatives such as ARPANET in the U.S., have made this intricate balance of servers and clients possible on a global scale.
However, it's important to understand that the ratio of clients to servers can be variable and depends on numerous factors such as market trends, technological advancements, and the evolution of Internet requirements. Despite the ever-changing landscape, in most circumstances the number of client computers generally significantly supersedes the number of server computers.
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Suppose will receives 350 utils from consuming one banana and 490 utils from consuming two bananas. what is the marginal utility of the second banana?
The histogram below shows the distribution of the annual hours of commuting delay per traveler for 46 small and medium urban areas (fewer than 1 million in population). which measure of center and variability would be most appropriate to report for this distribution?
For the given data on annual hours of commuting delay per traveler in small to medium urban areas, the mean would be an appropriate measure of center, providing the average delay for a traveler, and the standard deviation would be a suitable measure of variability, indicating the average deviation of delay times from the mean.
Explanation:In the context of the given data, available in the form of a histogram showing the distribution of the annual hours of commuting delay per traveler, the most appropriate measures to represent the center and variability would be the mean for the center, and the standard deviation for variability.
The mean or average provides a measure of center by adding up all the values and dividing by the number of values. In the case of the commuting delay, this would provide the average amount of delay for a traveler in these urban areas.
The standard deviation is a measure of variability or spread in a dataset. It represents how much, on average, each value deviates from the mean. A high standard deviation in the case of commuting delays would suggest that the delay times vary a lot among the different urban areas.
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Managers can use overt integrity tests to _____.
Managers can use overt integrity tests to assess the honesty and ethical standards of potential employees, ensuring candidates align with the company’s code of conduct. Integrity in leadership fosters trust and a positive organizational culture. It is recommended to use these tests alongside other techniques for validation.
These tests often involve direct questions about a candidate's attitudes towards dishonest behaviors, such as theft or lying. By using these tests, managers aim to identify individuals who are likely to adhere to a company’s code of conduct and ethical policies.
Research suggests that integrity is a key trait of effective leadership. Leaders who demonstrate honesty and integrity build trust within their teams, fostering a positive organizational culture. For example, the leadership failure at Whole Foods Market, when their CEO's integrity was questioned, illustrates the critical importance of maintaining ethical standards.
However, it is advised that overt integrity tests should be validated and used in conjunction with other assessment techniques to ensure accuracy and effectiveness in hiring practices.
Choose the item that does not fit in the risk management process:
Based on predicted production of 21,000 units, a company anticipates $357,000 of fixed costs and $309,750 of variable costs. the flexible budget amounts of fixed and variable costs for 19,000 units are (do not round intermediate calculations): $357,000 fixed and $309,750 variable. $280,250 fixed and $357,000 variable. $323,000 fixed and $280,250 variable. $323,000 fixed and $309,750 variable. $357,000 fixed and $280,250 variable.
3 who are the three basic parties involved in any construction bonding arrangement?
Software that streamlines and automates business processes and enables organizations to use data effectively is called _______ software.
Gary was a politically savvy employee who had worked for his company for several years. after many promotions, he emerged as the new president of the company. grace, a colleague of gary’s who had reported to him when he was a first-line supervisor, understood how the human side of the organization worked and made certain that she maintained a direct line of communication with gary at all times. on the company’s organization chart, grace maintained a lower-level position; however, due to her open line of communication with president gary, she seemed to successfully push her agenda. the human side of the organization is synonymous with the
Why do you believe there is so much government regulation involving social responsibility issues?
The grade you earn for a specific course is an example of _____.
Assume a nation’s economy is operating above full employment. if business taxes increase, how will output, employment, and price level likely change? output / employment / price level
Answer:
Output / Employment / Price Level
Decrease Decrease Increase
Explanation:
If terry uses the eight-step decision-making model, he will _____________.
Final answer:
Using the eight-step decision-making model, Terry will undertake a thorough and inclusive process for decision-making, which helps in making informed choices and considering the implications for future decisions.
Explanation:
If Terry uses the eight-step decision-making model, he will engage in a comprehensive process that encourages thorough analysis before reaching a decision. This model guides individuals through identifying the problem, exploring alternatives, evaluating each option based on defined criteria, and selecting the best solution. This process, by its nature, helps prevent the pitfalls of rushed decisions or the paradox of choice, where too many options lead to indecision.
The steps include recognizing the need for a decision, understanding the problem, identifying alternatives, evaluating alternatives, choosing the best option, implementing the decision, and finally reviewing the decision and its consequences. Utilizing this model helps in anticipating the effects of a decision, as each choice influences future decisions. For example, a bad experience with a car make and model can shape future purchasing decisions.
This decision-making approach also encourages broad participation in the evaluation process, such as through roundtable discussions to weigh the merits of top ideas, therefore promoting a collective and inclusive decision-making environment. It acknowledges that while not every decision will follow all steps meticulously, especially under time constraints or information overload, it provides a framework to strive for optimal choices. Terry, by adopting this model, would be more deliberate in his decision-making, likely leading to more satisfactory outcomes.
Medtronic, inc., is a medical technology company that competes for customers with st. jude medical s.c., inc. james hughes worked for medtronic as a sales manager. his contract legally prohibited him from working for a competitor for one year after leaving medtronic. in an effort to expand their business, st. jude contacted hughes about joining them. hughes felt dissatisfied with conditions at medtronic, and so began negotiations with st. jude. hughes shared his current contract with st. jude's executives, who told him that his contract with medtronic was unenforceable and offered him a job as a sales director at a significant higher salary. hughes accepted. medtronic filed a suit against st. jude, alleging wrongful interference. did wrongful interference occur and if so, which type of wrongful interference occurred?
Bruno is a technician at a university chemistry lab and is in charge of safety inspections and prevention of injury due to faulty equipment. one morning, as a result of his inspection, bruno discovers a gas burner with a broken valve. bruno gets distracted and fails to put an "out of order/do not use" sign on the faulty burner. when the morning class arrives, halle uses the faulty burner and is burned when it catches fire. bruno's negligence is based on
Ahmad is a team leader. his team needs to problem solve a complicated business transition. what course of action should he recommend?
To problem solve a complicated business transition, Ahmad being the team leader should recommend his team to hold a daily meeting without a present agenda. This will help them come up with new points and solving the issue in a better way, alongside with enhancing the spirit of team work.
According to starbucks chairman howard schultz, "consumers now commonly engage in a cultural audit of [product and service] providers. people want to know your value and ethics demonstrated by how you treat employees, the community in which you operate." discuss the concept of social responsibility marketing and how it impacts both companies and consumers.
Be prepared to explain how credibility might affect the cost of reducing inflation.
Suppose that the price of beef rises significantly. what happens in the market for fast-food hamburgers?
Answer:
The correct answer is: The demand quantity for beef hamburgers decreases.
Explanation:
As beef is the main ingredient of beef hamburgers, the changes in the price of beef will affect the fast-food hamburgers market. According to the demand theory, if prices rise the quantity demanded falls. Thus, if the price of beef goes up, the quantity demanded for beef hamburgers will drop. Businessmen are likely to look for substitutes -if any, in front of this situation.
Calculate the return on investment in dollars and as a percentage for an investment that you purchase for $500 and sell for $600
Answer:
(0.2 or 20%)
Explanation:
Which of the following is a start-up expense for Maria's food truck?
Should a company alter its marketing campaigns to reflect biases that might be prevalent in various countries in which the company does business?
For a recent year, microsoft corporation (msft) reported short-term unearned revenue of $23,223 million. for the same year, microsoft also reported total revenues of $93,580 million.
a. assume that microsoft recognized $2,000 million of unearned revenue as revenue during the year, what entry for unearned revenue did microsoft make during the year
Each individual asset’s weight in the portfolio is found by:
Sally is a member of a work team at beauty-r-us corporation. she often proposes new solutions to team problems. this is an example of which task specialist role?
If she often proposes new solutions to team problems. this is an example of initiation task specialist role.
What is task initiation role?Task initiation specialist role can be defined as the way in which a person tend to often take on new work or tasks and they tend to as well ensure that the tasks are completed.
Based on the scenario it is an example of initiation task because sally often proposes new solution to every problem encounter when carrying out their tasks.
Therefore this is an example of initiation task specialist role.
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In a business class where team members are arguing over content choices for a powerpoint presentation, it might help to remind everyone that the goal is to impress the instructor and get an “a” for the presentation and that this is only possible if everyone contributes their best. this is an example of which indirect conflict management strategy? managed interdependence appeals to common goals upward referral altering scripts and myths none of the above
The scenario given is an example of the 'appeals to common goals' conflict management strategy. Such a strategy utilizes shared objectives to mitigate individual conflicts, thereby enhancing team performance.
Explanation:The situation you described in a business class where everyone is reminded of the shared aim of impressing the instructor and earning an 'A' for the group presentation can be identified as an example of the appeals to common goals conflict management strategy. This strategy works on the premise that highlighting shared objectives could soften or dilute personal differences and conflicts within a group. It specifically focuses on the idea that a united front, working towards a shared objective, can surpass individual disagreements and conflicts, thereby improving the overall team performance.
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