Homework Answers
The difference between the nominal variables and the real variables is that the nominal variables are prone to the inflation in the economy. While the real variables are independent of the inflation. The nominal variables are affected by the price changes and the real variables are not.
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Nominal variable Real variable Answer Bank number of bees per hectare used to pollinate farm crops...
7. The difference between nominal Gross Domestic Product and real Gross Domestic Product a.is that nominal...
7. The difference between nominal Gross Domestic Product and real Gross Domestic Product a.is that nominal Gross Domestic Product includes only the values of final goods and services, while real Gross Domestic Product includes the values of both final and intermediate goods and services. b. is that real Gross Domestic Product includes the value of all goods sold in the country (whenever they were produced) during the period, while nominal Gross Domestic Product includes the value of all goods produced...
Number of units manufactured and sold Selling price per unit Variable manufacturing and selling costs per...
Number of units manufactured and sold Selling price per unit Variable manufacturing and selling costs per unit Hours spent by engineers improving design. Testing and inspection hours per unit Percentage of units reworked in the plant after inspection Average variable rework costs per refrigerator 3,200 units 1,250 750 1,500 0.5 hours 7% 520 Percentage of units reworked in the plant after inspection Average variable rework costs per refrigerator. Percentage of units repaired under warranty at customers' homes Average variable repair...
UNTER COMPONENTS Star 150 150 Costs per unit Direct materials Direct labor Variable overhead Fixed overhead...
UNTER COMPONENTS Star 150 150 Costs per unit Direct materials Direct labor Variable overhead Fixed overhead Total cost per unit Price Units sold Star 100 130 $ 60 30 180 400 $ 580 $ 4,000 40 240 510 780 2,000 40 Additional Information: Variable overhead varies with quantity of direct labor-hours. Average wage rate per hour Plant capacity (in direct labor-hours) 20,000 Current production (in direct labor-hours) 10,000 Requirement a. Information: Star 100 2,500 400 $ Star 150 2,500 500...
TufStuff, Inc., sells a wide range of drums, bins, boxes, and other containers that are used...
TufStuff, Inc., sells a wide range of drums, bins, boxes, and other containers that are used in the chemical industry. One of the company’s products is a heavy-duty corrosion-resistant metal drum, called the WVD drum, used to store toxic wastes. Production is constrained by the capacity of an automated welding machine that is used to make precision welds. A total of 2,220 hours of welding time is available annually on the machine. Because each drum requires 0.4 hours of welding...
TufStuff, Inc., sells a wide range of drums, bins, boxes, and other containers that are used...
TufStuff, Inc., sells a wide range of drums, bins, boxes, and other containers that are used in the chemical industry. One of the company's products is a heavy-duty corrosion-resistant metal drum, called the WVD drum, used to store toxic wastes. Production is constrained by the capacity of an automated welding machine that is used to make precision welds. A total of 2,380 hours of welding time is available annually on the machine. Because each drum requires 0.4 hours of welding...
Estimated total machine-hours used Estinated total fixed manufacturing overhead Estinated variable manufacturing overhead per nachine-hour Holding...
Estimated total machine-hours used Estinated total fixed manufacturing overhead Estinated variable manufacturing overhead per nachine-hour Holding Fabrication Total 2,500 1,500 4, eee $13,258 $16,95€ $38.200 $ 2.78 $ 3.50 Direct materials Direct labor cost Actual Machine-hours used: Molding Fabrication Total Job P Job o $26, vee $14,500 $31,480 $12,700 3,000 2,10 1.900 2,200 Sweeten Company had no underapplied or overapplied manufacturing overhead costs during the month. 14. Assume that Sweeten Company used cost-plus pricing and a markup percentage of 80%...
Estimated total machine-hours used Estinated total fixed manufacturing overhead Estinated variable manufacturing overhead per machine-hour Molding...
Estimated total machine-hours used Estinated total fixed manufacturing overhead Estinated variable manufacturing overhead per machine-hour Molding Fabrication Total 2,500 1,500 $13,250 $16,950 $38,200 $ 2.78 $ 3.50 Direct materials Direct labor cost Actual machine-hours used: Molding Fabrication Total Job P Job O $26,Bee $14,500 $31,480 $12,700 3,000 2,100 1,900 2,200 4,900 4,360 Sweeten Company had no underapplied or overapplied manufacturing overhead costs during the month 14. Assume that Sweeten Company used cost-plus pricing and a markup percentage of 80% of...
TufStuff, Inc., sells a wide range of drums, bins, boxes, and other containers that are used...
TufStuff, Inc., sells a wide range of drums, bins, boxes, and other containers that are used in the chemical industry. One of the company’s products is a heavy-duty corrosion-resistant metal drum, called the WVD drum, used to store toxic wastes. Production is constrained by the capacity of an automated welding machine that is used to make precision welds. A total of 2,140 hours of welding time is available annually on the machine. Because each drum requires 0.4 hours of welding...
TufStuff, Inc., sells a wide range of drums, bins, boxes, and other containers that are used...
TufStuff, Inc., sells a wide range of drums, bins, boxes, and other containers that are used in the chemical industry. One of the company’s products is a heavy-duty corrosion-resistant metal drum, called the WVD drum, used to store toxic wastes. Production is constrained by the capacity of an automated welding machine that is used to make precision welds. A total of 2,420 hours of welding time is available annually on the machine. Because each drum requires 0.4 hours of welding...
TufStuff, Inc., sells a wide range of drums, bins, boxes, and other containers that are used...
TufStuff, Inc., sells a wide range of drums, bins, boxes, and other containers that are used in the chemical industry. One of the company’s products is a heavy-duty corrosion-resistant metal drum, called the WVD drum, used to store toxic wastes. Production is constrained by the capacity of an automated welding machine that is used to make precision welds. A total of 2,200 hours of welding time is available annually on the machine. Because each drum requires 0.4 hours of welding...
Number of units manufactured and sold Selling price per unit Variable manufacturing and selling costs per unit Hours spent by engineers improving design. Testing and inspection hours per unit Percentage of units reworked in the plant after inspection Average variable rework costs per refrigerator 3,200 units 1,250 750 1,500 0.5 hours 7% 520 Percentage of units reworked in the plant after inspection Average variable rework costs per refrigerator. Percentage of units repaired under warranty at customers' homes Average variable repair...
UNTER COMPONENTS Star 150 150 Costs per unit Direct materials Direct labor Variable overhead Fixed overhead Total cost per unit Price Units sold Star 100 130 $ 60 30 180 400 $ 580 $ 4,000 40 240 510 780 2,000 40 Additional Information: Variable overhead varies with quantity of direct labor-hours. Average wage rate per hour Plant capacity (in direct labor-hours) 20,000 Current production (in direct labor-hours) 10,000 Requirement a. Information: Star 100 2,500 400 $ Star 150 2,500 500...
TufStuff, Inc., sells a wide range of drums, bins, boxes, and other containers that are used in the chemical industry. One of the company's products is a heavy-duty corrosion-resistant metal drum, called the WVD drum, used to store toxic wastes. Production is constrained by the capacity of an automated welding machine that is used to make precision welds. A total of 2,380 hours of welding time is available annually on the machine. Because each drum requires 0.4 hours of welding...
Estimated total machine-hours used Estinated total fixed manufacturing overhead Estinated variable manufacturing overhead per nachine-hour Holding Fabrication Total 2,500 1,500 4, eee $13,258 $16,95€ $38.200 $ 2.78 $ 3.50 Direct materials Direct labor cost Actual Machine-hours used: Molding Fabrication Total Job P Job o $26, vee $14,500 $31,480 $12,700 3,000 2,10 1.900 2,200 Sweeten Company had no underapplied or overapplied manufacturing overhead costs during the month. 14. Assume that Sweeten Company used cost-plus pricing and a markup percentage of 80%...
Estimated total machine-hours used Estinated total fixed manufacturing overhead Estinated variable manufacturing overhead per machine-hour Molding Fabrication Total 2,500 1,500 $13,250 $16,950 $38,200 $ 2.78 $ 3.50 Direct materials Direct labor cost Actual machine-hours used: Molding Fabrication Total Job P Job O $26,Bee $14,500 $31,480 $12,700 3,000 2,100 1,900 2,200 4,900 4,360 Sweeten Company had no underapplied or overapplied manufacturing overhead costs during the month 14. Assume that Sweeten Company used cost-plus pricing and a markup percentage of 80% of...
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