Homework Answers
e. I think it will be a fixed operating cost model since set ups like a pump which give economies of scale operate with in a fixed cost and has no factor as such to increase the cost over time.
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If the direct cost of a piece of equipment, such as a pump, may have economy...
Queston 3 You purchased a car for $30,000 nine years ago. You can (but do not...
Queston 3 You purchased a car for $30,000 nine years ago. You can (but do not have to) sell it today for $5,000. You could (out do not have to) purchase a very similar new car for $40,000. What is the sunk cost? Not yet Points out o 1.00 Select one O a. $30,000 O b. $40,000 O c. $25,000 O d. S5,000 O eS35,000 Feg Questian 4 If the direct cost of a piece of equipment, such as a...
Hello! I need help solving these problems for engineering economy. Please show the full solution and...
Hello! I need help solving these problems for engineering
economy. Please show the full solution and all work for
BOTH PROBLEMS. please write neatly and large (the
resolution of photos on the site are low). please be as detailed as
possible and answer BOTH questions. Thank you
1. Remerowski Corporation Inc. asks you to estimate the cost to purchase a new piece of production equipment. The company purchased this same type of equipment in the past for S10,000. The original...
Problem 10-1 (algorithmic) Consider a piece of equipment that has the following cost and benefit ...
Problem 10-1 (algorithmic) Consider a piece of equipment that has the following cost and benefit estimates, and the interest rate is 16% per year Initial investment: $250,000 Equipment life: 12 years Salvage value: $13,000 Annual receipts: $60,000 Annual expenses: $39,000 What is the modified B/C ratio of this equipment? Click the icon to view the interest and annuity table for discrete compounding when i-16% per year. Thr modified cost-benefit ratio is(Round to two decimal places.) Enter your answer in the...
Delta Company produces a single product. The cost of producing and selling a single unit of...
Delta Company produces a single product. The cost of producing and selling a single unit of this product at the company’s normal activity level of 106,800 units per year is: Direct materials $ 1.80 Direct labor $ 4.00 Variable manufacturing overhead $ 1.00 Fixed manufacturing overhead $ 3.75 Variable selling and administrative expenses $ 2.10 Fixed selling and administrative expenses $ 3.00 The normal selling price is $24 per unit. The company’s capacity is 139,200 units per year. An order...
please fill out the rest of a, b, and c Variable and Absorption Costing Summarized data...
please fill out the rest of a, b, and c
Variable and Absorption Costing Summarized data for 2016 (the first year of operations) for Gorman Products, Inc., are as follows: Sales (75,000 units) $6,000,000 Production costs (80,000 units) Direct material 1,760,000 Direct labor 1,440,000 Manufacturing overhead: Variable 1,088,000 Fixed 640,000 Operating expenses: Variable 336,000 Fixed 480,000 Depreciation on equipment 120,000 Real estate taxes 36,000 Personal property taxes (inventory & equipment) 57,600 Personnel department expenses 60,000 a. Prepare an income statement...
Variable and Absorption Costing Summarized data for 2016 (the first year of operations) for Gorman Products,...
Variable and Absorption Costing Summarized data for 2016 (the first year of operations) for Gorman Products, Inc., are as follows: Sales (75,000 units) $4,500,000 Production costs (80,000 units) Direct material 1,320,000 Direct labor 1,080,000 Manufacturing overhead: Variable 816,000 Fixed 480,000 Operating expenses: Variable 252,000 Fixed 360,000 Depreciation on equipment 90,000 Real estate taxes 27,000 Personal property taxes inventory & equipment) 43,200 Personnel department expenses 45,000 a. Prepare an income statement based on full absorption costing, Only use a negative sign...
40. The labour cost to construct the first unit of a special piece of equipment was...
40. The labour cost to construct the first unit of a special piece of equipment was $126,000. If labour costs are subject to a 90% learning curve, what will be the cost to build the second unit? Use the following values as needed to respond In(95%) / ln(2)s-0074 In(90%) /ln(2) =-0.152 In(8596) / ln(2) =-0.234 In(80%) / In(2) =-0.322 n(75%)/In(2) =-0.415 In(70%)/In(2) -0.515 a) $126,000 b) $113,000 c) $100,800 d) $113,400 Answer: d 41 A firm will build 8 units...
Economy completes manual omy and Epic have documented the warehouse arrange ready to ship, and Economy...
Economy completes manual omy and Epic have documented the warehouse arrange ready to ship, and Economy may not sell these units to other customers. The (1) February 1, 2017, and (2) April 1, 2017 P18-5 (L02,3,4) (Allocate Transaction Price, Retums, and Consignments) Ritt Ranch & Farm is a distributor of ranch and farm equipment. Its products range from small tools, power equipment for trench-digging and fencing grain dryers, and barn winches. Most products are sold direct via its company catalog...
Carla Ranch & Farm is a distributor of ranch and farm equipment. Its products range from...
Carla Ranch & Farm is a distributor of ranch and farm equipment. Its products range from small tools, power equipment for trench-digging and fencing, grain dryers, and barn winches. Most products are sold direct via its company catalog and Internet site. However, given some of its specialty products, select farm implement stores carry Carla's products. Pricing and cost information on three of Carla's most popular products are as follows. Item Mini-trencher Power fence hole auger Grain/hay dryer Standalone Selling Price...
Atlanta Office Equipment manufactures and sells metal shelving. It began operations on January 1, 2017. Costs...
Atlanta Office Equipment manufactures and sells metal shelving. It began operations on January 1, 2017. Costs incurred for 2017 are as follows (V stands for variable; F stands for fixed): Direct materials used $144,000 V Direct manufacturing labor costs 46,000 V Plant energy costs 3,000 V Indirect manufacturing labor costs 15,000 V Indirect manufacturing labor costs 17,000 F Other indirect manufacturing costs 6,000 V Other indirect manufacturing costs 21,000 F Marketing, distribution, and customer-service costs 124,000 V Marketing, distribution, and...
Queston 3 You purchased a car for $30,000 nine years ago. You can (but do not have to) sell it today for $5,000. You could (out do not have to) purchase a very similar new car for $40,000. What is the sunk cost? Not yet Points out o 1.00 Select one O a. $30,000 O b. $40,000 O c. $25,000 O d. S5,000 O eS35,000 Feg Questian 4 If the direct cost of a piece of equipment, such as a...
Hello! I need help solving these problems for engineering
economy. Please show the full solution and all work for
BOTH PROBLEMS. please write neatly and large (the
resolution of photos on the site are low). please be as detailed as
possible and answer BOTH questions. Thank you
1. Remerowski Corporation Inc. asks you to estimate the cost to purchase a new piece of production equipment. The company purchased this same type of equipment in the past for S10,000. The original...
Problem 10-1 (algorithmic) Consider a piece of equipment that has the following cost and benefit estimates, and the interest rate is 16% per year Initial investment: $250,000 Equipment life: 12 years Salvage value: $13,000 Annual receipts: $60,000 Annual expenses: $39,000 What is the modified B/C ratio of this equipment? Click the icon to view the interest and annuity table for discrete compounding when i-16% per year. Thr modified cost-benefit ratio is(Round to two decimal places.) Enter your answer in the...
please fill out the rest of a, b, and c
Variable and Absorption Costing Summarized data for 2016 (the first year of operations) for Gorman Products, Inc., are as follows: Sales (75,000 units) $6,000,000 Production costs (80,000 units) Direct material 1,760,000 Direct labor 1,440,000 Manufacturing overhead: Variable 1,088,000 Fixed 640,000 Operating expenses: Variable 336,000 Fixed 480,000 Depreciation on equipment 120,000 Real estate taxes 36,000 Personal property taxes (inventory & equipment) 57,600 Personnel department expenses 60,000 a. Prepare an income statement...
Variable and Absorption Costing Summarized data for 2016 (the first year of operations) for Gorman Products, Inc., are as follows: Sales (75,000 units) $4,500,000 Production costs (80,000 units) Direct material 1,320,000 Direct labor 1,080,000 Manufacturing overhead: Variable 816,000 Fixed 480,000 Operating expenses: Variable 252,000 Fixed 360,000 Depreciation on equipment 90,000 Real estate taxes 27,000 Personal property taxes inventory & equipment) 43,200 Personnel department expenses 45,000 a. Prepare an income statement based on full absorption costing, Only use a negative sign...
40. The labour cost to construct the first unit of a special piece of equipment was $126,000. If labour costs are subject to a 90% learning curve, what will be the cost to build the second unit? Use the following values as needed to respond In(95%) / ln(2)s-0074 In(90%) /ln(2) =-0.152 In(8596) / ln(2) =-0.234 In(80%) / In(2) =-0.322 n(75%)/In(2) =-0.415 In(70%)/In(2) -0.515 a) $126,000 b) $113,000 c) $100,800 d) $113,400 Answer: d 41 A firm will build 8 units...
Economy completes manual omy and Epic have documented the warehouse arrange ready to ship, and Economy may not sell these units to other customers. The (1) February 1, 2017, and (2) April 1, 2017 P18-5 (L02,3,4) (Allocate Transaction Price, Retums, and Consignments) Ritt Ranch & Farm is a distributor of ranch and farm equipment. Its products range from small tools, power equipment for trench-digging and fencing grain dryers, and barn winches. Most products are sold direct via its company catalog...
Carla Ranch & Farm is a distributor of ranch and farm equipment. Its products range from small tools, power equipment for trench-digging and fencing, grain dryers, and barn winches. Most products are sold direct via its company catalog and Internet site. However, given some of its specialty products, select farm implement stores carry Carla's products. Pricing and cost information on three of Carla's most popular products are as follows. Item Mini-trencher Power fence hole auger Grain/hay dryer Standalone Selling Price...
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