For many years, Zapro Company manufactured a single product called a mono-relay. Then three years ago. the company automated a portion of its plant and at the same time introduced a second product called at bi-relay that has become increasingly popular. The bi-relay is a more complex product, requiring one hour of direct labor time per unit to manufacture and extensive machining in the automated portion of the plant. The mono-relay requires only hours of direct labor time per unit and only a small amount of machining. Manufacturing overhead costs are currently assigned to products on the basis of direct labor-hours. Despite the growing popularity of the company's new bi relay, profits have been declining steadily. Management is beginning to believe that there may be a problem with the company's costing system. Material and labor costs per unit are as follows: in manufacturing overhead costs during the current year and 40,000 units of the mono-relay and 10,000 units of the bi-relay will be produced and sold.
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The mono-relay was the only product that Zapro Company produced for a long time. The firm then automated a section of its facility three years ago, and at the same time, it launched a second product called a bi-relay, which has gained popularity.
The bi-relay is a more complicated product that requires substantial machining in the automated part of the plant and one hour of direct labor work per unit to produce. The mono-relay simply needs a few hours of direct labor time and a little bit of machining each unit. At the moment, direct labor hours are used to assign manufacturing overhead costs to products. The business's new bi relay is becoming increasingly popular, but earnings have been rapidly dropping.
Manufacturing indirect cost per direct labor hours = Estimated manufacturing indirect costs / Estimated direct labor hoursManufacturing indirect cost per direct labor hours = $1,000,000 / [(30,000*0.50)+(10,000*1)]Manufacturing indirect cost per direct labor hours = $1,000,000 / (15,000+10,000)Manufacturing indirect cost per direct labor hours = $1,000,000 / 25,000 = $40 per direct labor houra.
Manufacturing indirect costs allocated to Mono-Relay = 15,000 * $40 = $600,000Manufacturing indirect costs allocated to Bi-Relay = 10,000 * $40 = $400,000b.
Mono-Relay Bi-RelaySales $1,650,000 (30,000*$55) $1,000,000 (10,000*$100)
Less: Costs:
Direct materials 1,050,000 (30,000*$35) 480,000 (10,000*$48)
Direct labor 180,000 (30,000*$6) 120,000 (10,000*$12)
Manufacturing indirect costs 600,000 400,000
Total costs 1,830,000 1,000,000
Profit (loss) ($180,000) $0
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Related Questions
Formula one’s growth in the u. S. Became clear last year as circuit of the americas was preparing to host a record crowd in austin. F1 could make an announcement of a media rights extension with which entity?.
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Bobby Epstein, chairman of COTA, predicts that the track will receive well over 400,000 people over the duration of the three-day weekend starting on October 21 and break its own attendance record with the F1 Aramco U.S. Grand Prix.
The surrounding infrastructure and logistics of the arena have been enhanced by COTA and the city of Austin to lessen the prolonged wait periods for services like fan shuttles that were encountered last year.
Austin will lack some of the normal F1 drama even though COTA is the fourth-to-last race of the year because Red Bull Racing driver Max Verstappen easily romped to his second title this year. As a result, the race for the championship is over. Epstein believes that despite the lack of tension on the track, the event will be a success.
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If you are a Japanese producer who sells products in the US, you want a foreign exchange future without going through the futures market. So, you borrow money in dollars with an interest rate of 5% and immediately convert it to yen at a rate of 1 dollar to 100 yen. Then you put the money in a Japanese interest-bearing account with an interest rate of 10%. What is the forward exchange rate in this case?
Answers
Answer:
104.76 yen per dollar
Explanation:
the forward rate = spot rate x [(1 + foreign interest rate) / (1 + domestic interest rate)] = 100 yen x [(1 + 10%) / (1 + 5%)] = 100 yen x (1.1 / 1.05) = 104.76 yen per dollar
Since the interest rate in Japan is higher than the interest rate in the US, investors will start to purchase more yens in order to gain higher interest rates, which will eventually appreciate the yen against the dollar until both interest rates match.
The foreign exchange market is a global decentralized market that provides the physical and institutional structure through which currencies are traded. It assists international trade and investments by enabling currency conversion. As we know that exchange rates vary because of numerous reasons. Discuss in detail four (4) common theories that elucidate exchange rates movements.
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There are several theories that explain exchange rate movements in the foreign exchange market.
According to the PPP theory, exchange rates should adjust to equalize the purchasing power of different currencies. It suggests that in the long run, the exchange rate between two countries will change to reflect the relative price levels and inflation rates. If a country has higher inflation, its currency should depreciate to maintain parity in purchasing power.
The IRP theory states that the difference in interest rates between two countries affects the exchange rate. According to this theory, if one country offers higher interest rates compared to another, investors will demand the currency with higher interest rates, leading to its appreciation. This theory is based on the idea that investors seek higher returns for holding a particular currency.
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question 6: what is the present value of a security that will pay $29,000 in 20 years if securities of equal risk pay 5% annually?
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You need to put $10,929 into an investment now if you anticipate collecting $29,000 (FV) from it in 20 years and you need a 5% yearly return (PV).
Demonstrate how to use the time value of money formula to calculate the result, or demonstrate the inputs on a financial calculator, or demonstrate how to do it in Excel.
PV is equal to FV/(1+ i)n
=29000/(1+0.5)20
=$10,929.80.
In both public and private markets, securities are fungible, tradeable financial instruments used to raise capital. The three main categories of securities are: equity, which gives holders ownership rights; debt, which is effectively a loan returned with recurring payments; and hybrids, which include features of both debt and equity.
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Purves Corporation is using a predetermined overhead rate that was based on estimated total fixed manufacturing overhead of $121,000 and 10,000 direct labor-hours for the period. The company incurred actual total fixed manufacturing overhead of $113,000 and 10,900 total direct labor-hours during the period. The predetermined overhead rate is closest to:
Answers
Answer:
The predetermined overhead rate is closest to $12.10 per hour
Explanation:
Predetermined overhead rate = (Estimated total fixed manufacturing overhead / Estimated direct labor hours)
Predetermined overhead rate =($121,000 / 10,000)
Predetermined overhead rate = $12.10 per hour
assume that you were to build a new 7tesla mri system. you currently had a 3tesla mri system. which parts from the 3t could you use in the 7tesla system? explain
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When upgrading from a 3 Tesla (3T) MRI system to a new 7Tesla (7T) MRI system, several components from the existing 3T system could potentially be reused.
However, it's important to note that the compatibility and interchangeability of components between different MRI systems may vary, and a thorough assessment by MRI experts would be necessary to determine which specific parts can be utilized.
While some parts of the 3T MRI system might be compatible with the 7T system, it is important to consider that upgrading to a higher field strength like 7T requires significant changes and advancements in technology. Common parts that could potentially be reused include the computer infrastructure, such as servers, networking equipment, and data storage systems. Additionally, certain peripheral devices like patient monitoring equipment, power supplies, and display monitors might also be compatible between systems.
However, core components directly related to the magnetic field generation, such as the magnet, gradient coils, radiofrequency (RF) coils, and related amplifiers, are typically specific to the field strength and design of the MRI system. These crucial components would likely need to be upgraded or replaced entirely to accommodate the higher field strength of the 7T system.
Ultimately, the feasibility of reusing parts from a 3T MRI system in a 7T MRI system would depend on the specific models, compatibility considerations, and recommendations provided by the MRI system manufacturer and expert technicians. A comprehensive evaluation and consultation with MRI specialists would be necessary to determine which parts can be reused and which need to be replaced to ensure optimal performance and safety in the new 7T MRI system.
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The career cluster which provides security and protection for the public is___.
A.Law, Public Safety Corrections, and Security.
B.Hospitality and Tourism.
C.Human Services.
D.Information Technology
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Answer:
A.Law, Public Safety Corrections, and Security.
Explanation:
Officers in the Law, Public Safety Corrections, and Security cluster protect properties and citizens' lives. Job titles in this cluster include police officers, security guards, lawyers, correctional officers, and legal assistants.
Works in this cluster revolve around jails, police stations, courts, correctional facilities, and public places where people require security and protection.
I need help on these two. 15 pts. Brainliest...
Answers
which of the following would be directly counted in gdp in 2016?
a. the lettuce that Subway purchases for its sandwiches
b. the bread that Subway purchases for its sandwiches
c. a 12 inch Subway sandwich purchased by a student
d. the plastic bags that Subway purchases to wrap its sandwiches
e. none of the above
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In the context of GDP (Gross Domestic Product), only the final goods and services produced within a country's borders are counted. Intermediate goods, which are used in the production process and are not the final product sold to consumers, are not directly counted in GDP.
Based on this understanding, the answer would be:
c. A 12-inch Subway sandwich purchased by a student. The purchase of the Subway sandwich represents a final good, consumed by the student, and is therefore directly counted in GDP. The lettuce, bread, and plastic bags mentioned in options a, b, and d are considered intermediate goods as they are part of the production process and are not the final product purchased by consumers.
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when an investment bank acts as a(n) _______ for an ipo, it bears the risk of reselling, at a profit, the securities purchased from the issuing corporation.
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When an investment bank acts as an Underwriter for an IPO, it bears the risk of reselling, at a profit, the securities purchased from the issuing corporation.
An Initial Public Offering (IPO) is an event in which a private company issues stock to the public for the first time. This is also referred to as "going public." The stock that is released is referred to as "new issue stock." The company typically hires an investment bank to handle the process of an IPO. Investment banks have several roles in an IPO, including the role of an underwriter.
An Underwriter is a financial institution that provides financial backing to an individual or corporation issuing securities. An underwriter is typically an investment bank that purchases all of the securities issued by a corporation in an initial public offering (IPO) and resells them to the public.
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Why would the stock exchange insist that all listed companies abide by a strict code of rules and procedures
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Such regulations ensure that listed companies provide accurate and timely information about their operations and financial performance to potential investors. This enables investors to make informed investment decisions based on reliable and unbiased information.
The stock exchange, as a regulatory authority, mandates that all listed companies follow a strict code of rules and procedures to maintain transparency and fairness in the market. By following these regulations, companies also ensure that they comply with the law, operate ethically, and maintain high standards of corporate governance.
Furthermore, adherence to these rules and procedures also helps in protecting investors' interests by preventing fraudulent activities and insider trading. It also helps in maintaining the stability and integrity of the market, promoting healthy competition and preventing monopolies.
The stock exchange has the power to penalize companies that fail to comply with its rules and regulations, including fines, suspension, or delisting. Therefore, it is in the best interest of companies to abide by these rules and procedures to maintain their credibility and access to capital markets.
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Genes can be turned on or turned off; not all genes are active at one time.
O False
O True
Answers
Answer:
False
Explanation:
explanation
A demand schedule is a numerical tabulation of the ___________________ of a good at different ____________________.
Answers
A table showing in numbers or figures the number of goods demanded and the various prices at which they were demanded is called a Demand Schedule.
How is a Demand Schedule used?The demand schedule is very useful because it shows the relationship between the quantity demanded and the price at each point.
The demand schedule will help the seller or manufacturer to discover what type of demand the product is exhibiting.
It is important to note that demand schedules, all things being equal will follow the law of demand which states that the price and demand will usually go in opposite directions.
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a security that represents part ownership or equity in a company
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A company with two factories learns that by using robots and other high-tech
equipment it can produce the same quantity with just one factory. It decides
to close one of its factories. Under the WARN Act, who must be notified of
this decision?
O A. The workers at both plants and the state and federal departments
of labor
OB. The workers of the plant to be closed, the local government, and
the state's department of labor
O C. The workers at the plant to be closed, the local government, and
the state's dislocated-worker unit
O D. The workers at both plants, the local governments of both
communities, and both states' dislocated-worker units
Answers
Answer:
O C. The workers at the plant to be closed, the local government, and
the state's dislocated-worker unit
Explanation:
The WARN Act seeks to offer protection to workers, their families, and communities by compelling employers to give a 60 notice day in advance of a planned plant closure or intended mass layoffs. The advance notice provides workers and their families time to adjust to the pending loss of employment. It accords workers some time to seek alternative employment or acquire new skills to compete for jobs.
Apart from the affected workers, The WARN act requires employers to notify the state dislocated worker units. This facilitates dislocated worker assistance to be availed promptly to the affected worker. The local government representatives should also be notified.
Tiana has strong communication skills, she is a hard worker, and she has a strong background in math and statistics. What can she do to strengthen her chances of securing a job as a market research analyst? A. She can improve her hard skills by working collaboratively with other people. B. She can improve her hard skills by learning software used by market research analysts. C. She can improve her soft skills by taking extra courses in computer science D. She can improve her soft skills by pursing a degree in statistics.
Answers
Answer:B
Explanation: just took the quiz
To strengthen her chances of securing a job as a market research analyst, she can improve her hard skills by learning software used by market research analysts.
What is market research analyst?Analysts of market research collect and examine consumer and competitor data. To determine the likelihood that a good or service will be purchased, market research experts examine customer preferences, economic conditions, and other variables.
They assist businesses in determining what goods consumers want, who will purchase them, and how much they will cost. Data will be gathered by a market research analyst utilizing a number of technique.
They might conduct focus groups to get feedback on a new product or conduct statistical analyses to learn more about consumer behavior and the state of the market.
The appropriate response is option B.
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4. A few minutes later you came across some old commercials for the movie The Hunger Games.
Again, you realized that you learned about this type of economy in your economics class. Which type
of economic system best describes the fictional country of Panem? How can you tell?
Answers
The type of economic system that is in place in the fictional country of Panem is a Command economy.
How was Panem a command economy ?In a command economy, all economic decisions are made at the discretion of the central authority. The land and the means of production are either owned by the state or a group.
Government control, as opposed to private enterprise, according to proponents of command economies, can guarantee a just distribution of goods and services.
Panem was a command economy in the Hunger Games because the government in the Capital controlled all aspects of life in the various districts.
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Explain why socialist societies do not use a circular flow chart.
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What does it mean for the country to have a strong or healthy economy? What does it mean for the country to have a weak economy? What are some actions that can turn a weak economy into a strong economy?
Answers
Answer:
A strong economy country is a country with wealth and has a high currency value. While the currency value is low for the weak economy country.
Explanation:
A country having a strong economy means that the country is thriving and prospering. The economic growth of a strong economy have a high rate. It means the national GDP of a country is high and there is an increase in the average income of the people.
While a country with a weak economy has a lower growth rate. The poverty and unemployment rate of the country is also high. GDP growth is minimum.
Some of the important measures that can be taken to make a strong economy is that employment, education, increase national produce and services, controlling inflation, eliminating corruption and many more.
Why is it important for public corporations to comply with audits
Answers
Answer:
Explanation:
Accounting and auditing professionals serve an absolutely vital role in our capital markets. Transparent, informative and accurate financial reporting are the lifeblood of the capital markets and are essential for investors to make informed decisions as to how to allocate their capital.
Which of the following correlation coefficients is the strongest? a. -48 b. 45 c. −26 d.42
Answers
When assessing the strength of a correlation coefficient, it is important to consider its absolute value. The absolute value disregards the sign (+ or -) and only focuses on the magnitude of the coefficient. The closer the absolute value is to 1, the stronger the correlation.
In the given s, the correlation coefficients are -48, 45, -26, and 42. By comparing their absolute values, we find that the absolute value of -48 is the highest. This means that the correlation represented by -48 is the strongest among the s provided.
It's important to note that the negative sign in front of the correlation coefficient indicates a negative correlation, meaning that as one variable increases, the other tends to decrease. Positive correlations, on the other hand, indicate that as one variable increases, the other also tends to increase.
In summary, the strongest correlation among the given s is represented by a. -48, indicating a strong negative relationship between the variables being examined.
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Blackmon Brothers law firm used 165 legal pads over the last three weeks (15 days). It takes them three days to get more, and they want to keep two day's worth as a safety stock. How low can their stock get before they need to order more?
Answers
Answer:
55 legal pads.
Explanation:
The level at which Blackmon Brothers should order more legal pads is the re-order point.
The calculate re-order point, we require
Average daily usage
Delivery lead time
Safety stock is needed.
For Blackmon, Average daily usage will be 165 divided by 15 days
=165/15
=11 legal pads per day.
Lead time is 3 days
Formula for getting the re-order point
= (average daily usage x delivery time) + requires safety stock
For Black man
= (11 x 3)+ (11 x 2)
=33 + 22
=55 legal pads.
They should re-order when they have a balance of 55 legal pads.
Alisa is employed by Hallmark Cards, Inc., where her responsibilities include maintaining displays of greeting cards in drugstores and discount stores. Her daily activities include straightening the cards, pulling outdated or slow sellers, and installing new cards. Alisa is called a(n) specialty-line wholesaler. full-service stocker. in-store maintainer. assembler. rack jobber.
Answers
Answer: rack jobber.
Explanation:
A rack jobber is alsso called a rack merchandiser and it refers to a company or a trader that display products and also sells such products in a store.
Since the responsibilities of Alisa include displaying the greeting cards, straightening the cards, pulling outdated cards, and installing new cards, then we can infer that Alisa is a rack jobber.
A speed boat bought for $13,000 depreciates at 10% per annum compounded continuously. What is its value after 7 years? Round the answer to nearest dollar.
Answers
Answer:
6,456
Explanation:
Substitute the given values into the formula: A=Pe^-rt, where A represents the future value and P represents the initial (current) value.
The amount of value after 7 years when the purchase value of the speed boat is $13,000 should be considered as the $6,456.
Calculation of the amount:Since the speed bought purchase value is $13,000
The depreciation rate is 10% per annum compounded continuously
The time period is 7 years
So here the amount should be
= $13,000 * e^-0.70
= $6,456
hence, The amount of value after 7 years should be considered as the $6,456.
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Chris pratt might have had ________ incentive to make jurassic world and the movie producer might have had an incentive to ______ .
Answers
Chris Pratt might have had financial incentive to make Jurassic World and the movie producer might have had an incentive to maximize profitability.
As the success of the film could lead to higher earnings for him. Actors often receive a portion of the film's profits or negotiate significant salaries for their involvement in blockbuster projects.
On the other hand, the movie producer might have had an incentive to maximize profitability. Producers invest significant resources into film production, including financing, marketing, and distribution. They aim to generate substantial returns on their investment and make the film a commercial success. This can involve strategic decisions regarding casting, storytelling, and promotional efforts to attract a wide audience and achieve high box office revenues.Threfore,Chris Pratt might have had financial incentive to make Jurassic World and the movie producer might have had an incentive to maximize profitability.
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Is South Korea one of the fastest-growing Asian country
Answers
Answer:
yes, it is
Explanation:
It has one of the largest economies in the world
how do we encounter technology in our daily life
Answers
Answer:
We encounter many new technologies in our everyday lives: at home, work, in the streets, in places we visit for holidays, on business, in public spaces, through conversations and the media.
Explanation:
how did fairfield greenwich make its money
Answers
Fairfield Greenwich Group was a hedge fund firm that specialized in fund-of-funds, which means it invested in various hedge funds on behalf of its clients. The firm gained attention for its involvement with Bernard Madoff's Ponzi scheme.
Fairfield Greenwich Group's involvement with the Madoff scheme was an aberration and does not represent the typical ways hedge funds or fund-of-funds generate money. Most legitimate hedge funds make money through investment gains, charging management fees, and potentially performance fees, based on the fund's performance.
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If someone gets their health insurance through Medicaid, that means what
Answers
Answer:
that means they are poor (or have low income since medicare is for families who cant afford doctors)
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which problem poses a nearly universal challenge for texans in the next few years due to growing population levels and strong business activity?
Answers
Due to rising population levels and active economic activity, Texans will face a practically universal issue in finding an (A) appropriate water supply in the next years.
Universal challange problem:
Assuring that all Texans have access to enough water will be a daunting issue given that the state's population is predicted to quadruple by the middle of the twenty-first century and that a robust economy will increase business activity.
See Meeting New Challenges in your text for further details.
Name the top five policy issues Texas must address in the twenty-first century.
Water supply refers to the provision of water by government agencies, private businesses, nonprofit organizations, local initiatives, or by individuals, typically through a network of pumps and pipes.
Systems for providing public water are essential to the smooth operation of society.
These systems provide drinking water to people all around the world.
Therefore, due to rising population levels and active economic activity, Texans will face a practically universal issue in finding an (A) appropriate water supply in the next years.
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Complete question:
Which of the following poses a nearly universal challenge for Texans in the next few years due to growing population levels and strong business activity?
a. stable energy supply
b. availability of higher education
c. adequates water supply
d. scarcity of developable land