Homework Answers
Add Answer to:
Question 1 4 pts Lawn Service Pricing Exercise (10 yards) Jake has created a summer lawn...
Ralph Cartwright earned $728.50 last summer mowing yards. He charged an average of $15.50 per yard....
Ralph Cartwright earned $728.50 last summer mowing yards. He charged an average of $15.50 per yard. How many yards did he mow? Ralph (35) spent $53.20 on gasoline and $47.90 on other equip ment for his yardwork. His lawn mower depreciated $25 during the summer. What was his net profit? Ralph (36) worked a total of 120 hours on the lawns. What was his net pay per hour? (Use net profit to find net pay per hour.) Mark Johnston's little...
November 5 1. Bob's Lawn-mowing service is a profit-maximizing competitive firm. Bob mows lawns for $30...
November 5 1. Bob's Lawn-mowing service is a profit-maximizing competitive firm. Bob mows lawns for $30 each He mows 10 lawns a day (which, again, maximizes his profits). At this quantity, his total cost each day is $700, of which $600 is a fixed cost. (a) Calculate his profits. Show your work! (b) Should Bob shut down in the short run (say, tomorrow)?? Should Bob leavelexit the industry in the long run?? EXPLAIN
Exercise 3-19 Andrew Sinclair operates a lawn care business. He offers customers a choice of two...
Exercise 3-19 Andrew Sinclair operates a lawn care business. He offers customers a choice of two services. The first service, basic lawn care, includes mowing and trimming of all lawn areas. Andrew bills these customers $36 per hour, and his variable cost for providing this service is $20 per hour. Andrew also offers deluxe lawn care services which includes flower bed maintenance in addition to basic lawn care. He bills his customers $62 per hour for this service, and his...
Q23 A contactor wants to put in an estimate for laying a lawn area of 16...
Q23 A contactor wants to put in an estimate for laying a lawn area of 16 meters by 16 meters at the corporate headquarters. The cost of turf is $3.90 per square metre. He estimates the job will take 3 days. Labor costs will be $120 per day and equipment hire will cost $50 per day. He adds a margin of 12% to the total cost to cover overheads and profit. Work out his estimate. [2 Marks]
Variable and Absorption Costing-Service Company Lawn RX, Inc. prepares a variable costing income statement for internal...
Variable and Absorption Costing-Service Company Lawn RX, Inc. prepares a variable costing income statement for internal management and an absorption costing income statement for its bank. Lawn RX provides a quarterly lawn care service that is sold for $190. The variable and fixed cost data are as follows: $100.00 Direct labor Overhead Variable cost per unit Fixed cost (annual) Marketing, general and administrative Variable cost (per service contract completed) Administrative expenses (fixed- annual cost) $33.00 $100,000 $34.00 $42,000 During 2016,...
Cost Accounting question. John' s Weed-B-Gone yard service sprays lawns to rid them of weeds. John...
Cost Accounting question.
John' s Weed-B-Gone yard service sprays lawns to rid them of weeds. John mixes the two chemicals, Weed- X and Pest-O, in proportions depending on the climate and the particular weed problems of the season. A standard mix calls for a gallon of the mixture to combine equal parts of Weed-X and Pest-O. Weed-X has a standard cost of $9.30 per gallon and Pesto-O has a standard cost of $25.00 per gallon. Each gallon can treat 100...
Suppose a pizza parlor has the following production costs: $4.00 in labor per pizza, $3.00 in...
Suppose a pizza parlor has the following production costs: $4.00 in labor per pizza, $3.00 in ingredients per pizza, $0.10 in electricity per pizza, $3,000 in restaurant rent per month, and $550 in insurance per month. Assume the pizza parlor produces 8,000 pizzas per month. What is the variable cost of production (per month)? The variable cost of production is $ 56,800. (Enter your response as an integer.) What is the fixed cost of production (per month)? The fixed cost...
4. Problems and Applications Q4 An economy consists of three workers: Dmitri, Jake, and Nick. Each...
4. Problems and Applications Q4 An economy consists of three workers: Dmitri, Jake, and Nick. Each works 10 hours a day and can produce two services: mowing lawns and washing cars. In an hour, Dmitri can either mow 1 lawn or wash 2 cars: Jake can either mow 1 lawn or wash 1 car; and Nick can either mow 2 awns or wash 1 car. For each of the scenarios listed in the following table, determine how many lawns will...
Question 1 Net templete Marked out of 5.00 P eque Variable and Absorption Costing Service Company...
Question 1 Net templete Marked out of 5.00 P eque Variable and Absorption Costing Service Company Lawn RX, Inc. prepares a variable costing income statement for internal management and an absorption costing income statement for its bank. Lawn RX provides a quarterly Lawn care service that is sold for $140. The variable and fixed cost data are as follows Direct labor Overhead Variable cost per unit Fixed cost annual Marketing eral and ad v e Varico per rice cortom During...
Develop a production plan and calculate the annual cost for a firm whose demand forecast is...
Develop a production plan and calculate the annual cost for a firm whose demand forecast is fall, 11,000; winter, 7,700; spring, 6,700; summer, 13,000. Inventory at the beginning of fall is 550 units. At the beginning of fall you currently have 30 workers, but you plan to hire temporary workers at the beginning of summer and lay them off at the end of summer. In addition, you have negotiated with the union an option to use the regular workforce on...
Ralph Cartwright earned $728.50 last summer mowing yards. He charged an average of $15.50 per yard. How many yards did he mow? Ralph (35) spent $53.20 on gasoline and $47.90 on other equip ment for his yardwork. His lawn mower depreciated $25 during the summer. What was his net profit? Ralph (36) worked a total of 120 hours on the lawns. What was his net pay per hour? (Use net profit to find net pay per hour.) Mark Johnston's little...
November 5 1. Bob's Lawn-mowing service is a profit-maximizing competitive firm. Bob mows lawns for $30 each He mows 10 lawns a day (which, again, maximizes his profits). At this quantity, his total cost each day is $700, of which $600 is a fixed cost. (a) Calculate his profits. Show your work! (b) Should Bob shut down in the short run (say, tomorrow)?? Should Bob leavelexit the industry in the long run?? EXPLAIN
Variable and Absorption Costing-Service Company Lawn RX, Inc. prepares a variable costing income statement for internal management and an absorption costing income statement for its bank. Lawn RX provides a quarterly lawn care service that is sold for $190. The variable and fixed cost data are as follows: $100.00 Direct labor Overhead Variable cost per unit Fixed cost (annual) Marketing, general and administrative Variable cost (per service contract completed) Administrative expenses (fixed- annual cost) $33.00 $100,000 $34.00 $42,000 During 2016,...
Cost Accounting question.
John' s Weed-B-Gone yard service sprays lawns to rid them of weeds. John mixes the two chemicals, Weed- X and Pest-O, in proportions depending on the climate and the particular weed problems of the season. A standard mix calls for a gallon of the mixture to combine equal parts of Weed-X and Pest-O. Weed-X has a standard cost of $9.30 per gallon and Pesto-O has a standard cost of $25.00 per gallon. Each gallon can treat 100...
Suppose a pizza parlor has the following production costs: $4.00 in labor per pizza, $3.00 in ingredients per pizza, $0.10 in electricity per pizza, $3,000 in restaurant rent per month, and $550 in insurance per month. Assume the pizza parlor produces 8,000 pizzas per month. What is the variable cost of production (per month)? The variable cost of production is $ 56,800. (Enter your response as an integer.) What is the fixed cost of production (per month)? The fixed cost...
4. Problems and Applications Q4 An economy consists of three workers: Dmitri, Jake, and Nick. Each works 10 hours a day and can produce two services: mowing lawns and washing cars. In an hour, Dmitri can either mow 1 lawn or wash 2 cars: Jake can either mow 1 lawn or wash 1 car; and Nick can either mow 2 awns or wash 1 car. For each of the scenarios listed in the following table, determine how many lawns will...
Question 1 Net templete Marked out of 5.00 P eque Variable and Absorption Costing Service Company Lawn RX, Inc. prepares a variable costing income statement for internal management and an absorption costing income statement for its bank. Lawn RX provides a quarterly Lawn care service that is sold for $140. The variable and fixed cost data are as follows Direct labor Overhead Variable cost per unit Fixed cost annual Marketing eral and ad v e Varico per rice cortom During...
Most questions answered within 3 hours.
-
Mr. and Mrs. Brown report taxable income of $130,000 in 2018. In
addition, they report the...
asked 11 minutes ago -
You capture data by having 8 people fill in 30 small dots on a
piece of...
asked 3 hours ago -
What are the z-values such that 70% of the area lies in the
middle of the...
asked 5 hours ago -
You borrow $29,500 to purchase a brand new car. The interest
rate is 6%, and the...
asked 5 hours ago -
The amount of time it takes an asteroid, whose average distance
from the Sun is 4.70...
asked 5 hours ago -
A 0.289 kg mass slides on a frictionless floor with a speed of
1.34 m/s. The...
asked 5 hours ago -
15.A box contains five red balls, three green balls, and two
yellow balls. Suppose you select...
asked 8 hours ago -
Assume you are given the following for Stackelberg industries:
Return on Assets (ROA) = 8%
Debt...
asked 7 hours ago -
an engineer proposes to use mmWave in 5G network to
increase data rate.
What are the...
asked 7 hours ago -
Explain the idea behind using SEMIJOIN in distributed
query processing.
asked 7 hours ago -
why
is context important in selecting and applying guidelines and
principles for interface design?
illustrate your...
asked 7 hours ago -
In a certain board game, a player rolls two fair six-sided dice
until the player rolls...
asked 8 hours ago