The cost components of a heater include $38 for the compressor, $14 for the sheet molded compound frame, and $70 per unit for assembly. The factory machines and tools cost is $53,000. The company expects to produce 1,400 heaters in the coming year. What cost function best represents these costs

Answers

Answer 1

Answer: y = 122x + 53,000

Explanation:

The cost function takes the form, y = mx + c

Y = total cost

m would be the variable cost because it is the increase in x

x = total number of units to be produced

c = fixed cost because this is the y intercept and represents an amount that will not change regardless of the change in x

Variable cost = compressor + compound frame + assembly

= 38 + 14 + 70

= $122

Fixed cost = $53,000

Cost function is:

y = 122x + 53,000


Related Questions

Suppose you borrow at the risk-free rate an amount equal to your initial wealth and invest in a portfolio with an expected return of 16% and a standard deviation of returns of 20%. The risk-free asset has an interest rate of 4%. Calculate the expected return on the resulting portfolio.

Answers

Answer: 28%

Explanation:

First, we have to make an assumption that the initial wealth is 100, then the weight of the risk free asset will be:

= Amount invested in risk free / Initial wealth

= -100/100

= -1

The weight of the portfolio will be calculated as:

= 1 - weight of risk free asset

= 1-(-1)

= 1 + 1

= 2

Therefore, the expected return on the resulting portfolio will be:

= 2 × 16 + [(-1) × 4]

= 32 - 4

= 28

he building is subject to a mortgage of $10,000, which the partnership has assumed. The partnership agreement also specifies that profits and losses are to be distributed evenly without a true up payment. What amounts shoul

Answers

Answer:

I. $35,000; II. $75,000

Explanation:

Calculation to determine What amounts should be recorded as capital for Roberts and Smith at the formation of the partnership

ROBERTS net assets contributed= ($20,000 + $15,000)

Roberts net assets contributed=$35,000

SMITH fair market value of the net assets contributed = ($30,000 + $15,000 + $40,000 - $10,000)

Smith fair market value of the net assets contributed=$75,000

Therefore the amount tha should be recorded as capital for Roberts and Smith at the formation of the partnership is $35,000;$75,000

Curtain Co. paid dividends of $10,000, $12,500, and $14,000 during Year 1, Year 2, and Year 3, respectively. The company had 2,100 shares of 5.5%, $100 par value preferred stock outstanding that paid a cumulative dividend. What is the total amount of dividends paid to common shareholders during Year 3?
A. $4800.B. $1000.C. $2600.D. $800.

Answers

Answer:

Total amound paid to shareholder in 3rd year = $1850

Explanation:

Below is the calculation:

Total dividend paid = 1st year divident  + 2nd year divident + 3rd year dividend

Total dividend paid = $10000 + 12500 + 14000

Total dividend paid = $36500

Total preferred dividend = (2100 x 100) x 5.5% x 3

Total preferred dividend = $34650

Total amount of dividend paid to shareholder during 3rd year = 36500 - 34650 = $1850

Total amound paid to shareholder in 3rd year = $1850

If the cost method is used to account for an investment in common stock, dividends received should be recorded only when 20% or more of the stock is owned. debited to the Stock Investments account. credited to the Dividend Revenue account. credited to the Stock Investments account.

Answers

Answer: credited to the Dividend Revenue account.

Explanation:

If a company is using the cost method is used to account for an investment in common stock, then that common stock should be treated as an asset. This means that dividends that come from that company will be seen as revenue so this would be recorded in the dividend revenue account.

It will be accounted for in the cashflow statement of the company as either investing cashflow or operating. This would depend on if the company is using IFRS or U.S. GAAP.

A buyer has decided to offer $335,000 for a home that she really likes. The bank will loan her 80% of the purchase price for 30 years at 5% interest. What will be the amount of her principal and interest payment if the requirement is $5.68 per thousand of the loan amount?

Answers

Answer:

We have:

Amount of principal = $268,000

Interest payment = $1,522.24

Explanation:

These can be calculated as follows:

Loan principal = Cost of the home * Percentage to borrow = $335,000 * 80% = $268,000

Interest payment = (Loan principal / $1,000) * $5.68 = ($268,000 / $1,000) * $5.68 = 268 * $5.68 = $1,522.24

Therefore, we have:

Amount of principal = $268,000

Interest payment = $1,522.24

The following are all characteristics of projects EXCEPT: A. Projects are complex, involving a variety of skills and capabilities. B. Projects have a clear starting and ending point. C. Projects typically require significant levels of cross-functional and inter-organizational coordination. D. Projects are non-routine, making planning difficult. E. Projects are companies that launch a new, sustainable business model.

Answers

Answer:

E. Projects are companies that launch a new, sustainable business model.

Explanation:

project can be regarded as series of tasks which is under processing and need to be completed so that specific outcome can be reached. A project can as well be regarded as a set of both outputs and inputs that it's needed in achieving a particular goal. Projects can simple or complex one , managing of project can be by one person or a hundred.

It should be noted that following are all characteristics of projects;

✓ Projects are non-routine, making planning difficult.

✓Projects are complex, involving a variety of skills and capabilities.

✓ Projects have a clear starting and ending point.

✓Projects typically require significant levels of cross-functional and inter-organizational coordination.

What annual rate of return is earned on a $13,000 investment made in year 2 when it grows to $17,000 by the end of year 7?
A. 10.64%.
B. 4.28%.
C. 8.04%.
D.​ 5.51%.

Answers

Answer:

It would be D. 5.51%

Answer:

D

Explanation:

It's accumulating for 5 years

[tex]17000=13000(1+i)^5\\1.307692308=(1+i)^5\\\sqrt[5]{1.307692308} =1+i\\i=.05511[/tex]

Identify and explainthe benefits and problems associated with high economic growth

Answers

Answer:

Kindly check explanation

Explanation:

High economic growth is usually the aim of several economic policies whichnmost countries try to employ. The reason for this is no other than the numerous benefits attached to it which includes;

Increase in GDP : With growth in the economy of a country, trading within and outside these countries will rise, leading to increase in revenue earned and hence, the gross domestic product. This will pave the way for :

Infrastructural development : The development of infrastructure and standard society will be on the horizon as the economy grows. There is enough capital to embark on infrastructural development which will serve the populees

Other benefits include ; Trade and investment opportunities ; Increase in foreign direct investment and employment level will increase.

High economic growth also has it's drawbacks which include ;

Higj Immigration level ; Businesses and individuals are always on the lookout for areas with good investment opportunity in which an high income society is usually a main target. With increasing immigration, overcrowding may result.

Also, Investment cost may begin to rise, coupled with increase in foreign investment influx, the local market may be at risk of being able to compete.

Riley operates a plumbing business, and this year the three-year-old van he used in the business was destroyed in a traffic accident. The van was originally purchased for $21,000 and the adjusted basis was $5,675 at the time of the accident. Although the van was worth $6,100 at the time of accident, insurance only paid Riley $1,325 for the loss. What is the amount of Riley's casualty loss deduction

Answers

Answer:

$4,350

Explanation:

Calculation to determine the amount of Riley's casualty loss deduction

Using this formula

Casualty loss deduction=Adjusted basis - insurance reimbursement

Let plug in the formula

Casualty loss deduction=($5,675 − $1,325)

Casualty loss deduction=$4,350

Therefore the amount of Riley's casualty loss deduction is $4,350

The efficiency gains resulting from a just-in-time inventory management system will allow a firm to reduce its level of inventories permanently by $333,000. What is the most the firm should be willing to pay for installing the system

Answers

Answer:

Since the benefits of adopting a just-in-time inventory management system are $333,000, and these benefits are permanent; then we can assume that the company should be willing to pay up to $333,000 for installing the system. This amount varies depending on maintenance expenses or the costs of operating the system.

Explanation:

Pottery Ranch Inc. has been manufacturing its own finials for its curtain rods. The company is currently operating at 100% of capacity, and variable manufacturing overhead is charged to production at the rate of 61% of direct labor cost. The direct materials and direct labor cost per unit to make a pair of finials are $4 and $5, respectively. Normal production is 26,400 curtain rods per year.

A supplier offers to make a pair of finials at a price of $13.30 per unit. If Pottery Ranch accepts the supplier’s offer, all variable manufacturing costs will be eliminated, but the $40,400 of fixed manufacturing overhead currently being charged to the finials will have to be absorbed by other products.

Required:
Prepare the incremental analysis for the decision to make or buy the finials.

Answers

Answer:

Pottery Ranch Inc.

Incremental Analysis

                                                              Make       Buy      Incremental

Production costs:

Variable manufacturing costs per unit:

Direct materials per unit                      $4.00

Direct labor per unit                            $5.00

Variable manufacturing per unit        $3.05

Total variable manufacturing costs  $12.05         $13.30        $1.25

Annual units of curtain rods            26,400        26,400     26,400

Variable manufacturing costs       $318,120     $351,120   $33,000

Explanation:

a) Data and Calculations:

Production capacity = 100%

Variable manufacturing overhead = 61% of direct labor cost

Direct materials per unit = $4

Direct labor per unit = $5

Variable manufacturing per unit = $3.05 (61% of $5)

Total variable manufacturing cost per unit = $12.05

Normal production per year = 26,400 units

Total variable manufacturing costs = $318,120 ($12.05 * 26,400)

Fixed manufacturing overhead = $40,400

Ramblin’ Randy’s Dude Ranch’s daily total cost of accommodating overnight guests is given by TC = 100 + 5 Q. On the basis of this information, the average fixed cost, when there are 25 overnight guests, is:

Answers

Answer: 4

Explanation:

The average fixed cost is calculated as:

= Fixed cost / output

Since total cost is given as TC = 100 + 5Q, the fixed cost in this case is 100 as.it doesn't depend on output. In this case, 5Q is the variable cost.

Since average fixed cost is calculated as:

= Fixed cost / output

= 100 / 25

= 4

Therefore, the average fixed cost is 4

ABC systems ________. Multiple Choice will allocate costs based on the overall level of activity highlight the different levels of activities usually will undercost complicated or complex products will limit cost drivers to units of output

Answers

Answer: highlight the different level of activities

Explanation:

Activity Based Costing system assigns costs to the activity that are used in production and it highlight the different level of activities.

Activity based costing system is quite different from the traditional costing systems based on the way the indirect cost is being treated.

What is the present value of $1,200 to be received at the end of each month for 5 years if the discount rate is 6%?
a. $62,071.b. $62,381.c. $63,095.d. $63,274.

Answers

Answer:

PV= $62,070.67 = $62,071

Explanation:

Giving the following information:

Monthly payment= $1,200

Number of months= 5*12* 60

Discount rate= 0.06/12= 0.005

To calculate the present value, we need to use the following formula:

PV= A*{(1/i) - 1/[i*(1 + i)^n]}

A= monthly payment

PV= 1,200*{(1/0.005) - 1 / [0.005*(1.005^60)]}

PV= $62,070.67

A disadvantage of the line structure is that it

Answers

Answer:

Disadvantages of a Line Organization

A line organization can suffer from a lack of specialization. This is because each department manager is concerned only with the activities of his own department. Therefore, employees are skilled in tasks pertaining to their departments alone.

These organizations can overburden a keyman or a few key-men to the extent of their breaking point. Also, in the absence of a staff aid, if a strong man seizes the organization, he can run it arbitrarily. Such arbitrary power can lead to a considerable damage to the organization.

Such organizations usually suffer from a lack of expert advice. If the line manager has trouble making a decision, there is no expert staff that he can turn to.

A line organization is usually rigid and inflexible. In fact, such organizations maintain discipline so rigorously that they can rarely change.

These organizations are based on the autocratic system of management.

The division of work is not based on any scientific plan but on the whims of the manager.

It might stop progress and prevent the unit to work effectively.

Such organizations might also encourage nepotism or favoritism based on relationship or friendship.

I hope this is helpful information.

Stan’s Sporting Goods is a competitor that can manufacture seven soccer balls out of a possible ten, if it makes one soccer net. Which statement correctly compares the two businesses?

Sabrina’s Soccer has a comparative advantage over Stan’s Sporting Goods because Sabrina’s Soccer has a lower opportunity cost.
Stan’s Sporting Goods has a comparative advantage over Sabrina’s Soccer because Stan’s Sporting Goods has a lower opportunity cost.
Sabrina’s Soccer has an absolute advantage over Stan’s Sporting Goods because Sabrina’s Soccer has a lower production cost.
Stan’s Sporting Goods has an absolute advantage over Sabrina’s Soccer because Stan’s Sporting Goods has a lower production cost.

Answers

Answer:

Sabrina’s Soccer has a comparative advantage over Stan’s Sporting Goods because Sabrina’s Soccer has a lower opportunity cost.

Answer: A

Explanation: PogChamp

The Cavendish Company is considering a project with an initial investment of $8 million that has an accounting rate of return of 25%. The project will generate an annual net cash flow of $1.75 million and annual net operating income of $2 million. What is the project's payback period?

Answers

Answer:

4 years and 2 months

Explanation:

The project's payback period is the length of time that the future cash flows take to equal the initial investment of the project.

Initial Investment = $8 million

Annual cash flows = $1.75 million

It will take 4 years and 2 months ($1 million /$8 million x 12) for annual cashflows to equal the Initial Investment of $8 million.

What is the rate of return for an investor who pays $1,054.47 for a three-year bond with a 7% coupon and sells the bond one year later for $1,037.19? Answer in percentage terms to 2 decimals and without the % sign.

Answers

Answer:

5.00

Explanation:

The rate of return for the investor can be determined using a holding period rate of return bearing in mind that the investor would incur a cash outflow of  $1,054.47  whereas the investor would receive $1,037.19 and an annual coupon of 7% of the face value

holding period return=(selling price+annual coupon-purchase price)/purchase price

annual coupon=7%*$1000

annual coupon=$70.00

holding period return=($1,037.19+$70.00-$1,054.47)/$1,054.47

holding period return=5.00%

If the price of a good increases, _____________. The demand curve _________________ . If the number of buyers in the market increases, ________________. The demand curve ____________.

Answers

Answer:

1. Quantity demanded decreases

2. Shift to the left

3. Quantity demanded increases

4. Shift to the right

Explanation:

If the price of a good increases, QUANTITY DEMANDED DECREASES, The demand curve SHIFT TO THE LEFT.

If the number of buyers in the market increases, QUANTITY DEMANDED INCREASES. The demand curve SHIFT TO THE RIGHT.

This is based on the law of demand which states under normal circumstances, the lower the price, the higher the quantity demanded, and the higher the price, the lower the quantity demanded.

A demand curve moves to the right when there is an increase in quantity demanded, while the demand curve also moves to the left when there is a decrease in quantity demanded.

Sandy purchased a new dress through Zappos. When it arrived, she opened the package and saw that the dress had very small cap sleeves. Slightly annoyed that they dress did not look like the photo on the website, she tried the dress on only to realize that it was too short for her. She regretted buying this dress. Luckily for her, Zappos included an easy return label for free return shipping and a comment card where she could indicate why she was returning the purchase. Zappos made it easy for Sandy to address her cognitive dissonance by focusing on processes for which area of the consumer decision-making process?
a. evaluating alternatives process.
b. postpurchase process.
c. making the purchase process.

Answers

Answer:

Option b: Post purchase process

Explanation:

There are several reasons or outcomes of post-purchase processes/evaluation of a product by consumers. They includes:

1. Post-purchase dissonance

2. Regret

3. Satisfaction/dissatisfaction

Post-purchase dissonance

This is simply known as a well-known feeling of anxiety over if the correct purchase decision was made concerning a product or services. It is said to occur when there is more than one alternative that is attractive thereby making the decision process important.

Post-purchase regret

This is simply regarded as a feeling that a wrong purchase decision has been made concerning a particular product or services. It is said to occur when one cannot reverse the decision and have experienced a negative outcome from the decision made.

product satisfaction.

This is said to exist when the consumer makes a positive evaluation and feels happy with their decision made concerning a particular product purchased.

MC Qu. 116 CWN Company uses a job order costing... CWN Company uses a job order costing system and last period incurred $70,000 of actual overhead and $100,000 of direct labor. CWN estimates that its overhead next period will be $85,000. It also expects to incur $100,000 of direct labor. If CWN bases applied overhead on direct labor cost, its predetermined overhead rate for the next period should be:

Answers

Answer:

85%

Explanation:

With regards to the information above, predetermined overhead will be computed as;

Predetermined overhead = (Estimated overhead / Expected labor cost) × 100

Estimated overhead = $85,000

Expected labor cost = $100,000

Then,

Predetermined overhead = ($85,000 / $100,000) × 100

Predetermined overhead = 85%

Therefore, its predetermined overhead rate for the next period should be 85%

A company is concerned about the number of customers that have to wait for service in their customer service department. Assume the rate at which customers arrive is 12 per hour. Using the infinite queuing notion for the models presented in the textbook, which of the following is the mean time between arrivals?
A) 12 minutes
B) 6 minutes
C) 2 Minutes
D) 1 Minute
E) None of these

Answers

Answer:

E) None of these

Explanation:

Calculation to determine which of the following is the mean time between arrivals

Using this formula

Mean time between arrivals = 1/Arrival rate

Let plug in the formula

Mean time between arrivals= 1/12

Mean time between arrivals= 0.0833 hours or 5 minutes

Therefore the Mean time between arrivals will be 0.0833 hours or 5 minutes

Use the following selected balance sheet and income statement information for Caroline Supply Co. (in millions) to compute asset turnover (AT) to the nearest hundredth of a percent.
Operating profit before tax Earnings without interest expense (EWI) Average total assets Sales Tax rate on operating profit
$58,300 $93,400 $360,600 $1,135,420 35%

Answers

Answer:

3.15 times

Explanation:

Asset turnover = Sales revenue / Average total assets

Asset turnover = $1,135,420 / $360,600

Asset turnover = 3.15 times

The following amounts were taken from a company's balance sheet:
Total assets, $100,000
Total liabilities, $20,000
Total stockholders' equity, $80,000
Current assets, $10,000
Current liabilities, $5,000
The company's working capital is:________
a) $5,000.
b) $80,000.
c) $10,000.
d) $20,000.

Answers

Answer:

Option a (5000) is the appropriate answer.

Explanation:

Given values are:

Current assets,

= $10,000

Current liabilities,

= $5,000

Now,

The working capital will be:

= [tex]Current \ assets-Current \ liabilities[/tex]

By substituting the values, we get

= [tex]10000-5000[/tex]

= [tex]5000[/tex]

According to a survey done by the Anti-Fraud Collaboration, the majority of participants believe it is the job of senior executives within an organization to set the tone to deter fraud.
a) true
b) false

Answers

I think it’s mostly likely false

The first of two significant fiscal policy initiatives enacted by the government during the Great Recession, signed in February 2008 by President George W. Bush, was the:__________

a. American Recovery and Reinvestment Act of 2008.
b. Economic Stimulus Act of 2008.
c. Economic Tax Rebate Act of 2008.
d. Economic Recovery and Reinvestment Act of 2008.
e. American Stimulus Act of 2008.

Answers

Answer:

b. Economic Stimulus Act of 2008

Explanation:

The Economic Stimulus Act of 2008 was enacted during the term of George.W Bush. It was done to help encourage business investments during the recession by granting tax rebates to every taxpayers and consequently increasing disposable income. The Economic Stimulus Act of 2008 granted tax rebates of the lesser of net income tax liability or $600 to every taxpayer and $1200 to tax paying couples who filed their taxes jointly.

E-Eyes Bank just issued some new preferred stock. The issue will pay a $9 annual dividend in perpetuity, beginning 6 years from now. If the market requires a 6 percent return on this investment, how much does a share of preferred stock cost today

Answers

Answer:

Explanation:

Calculation to determine future sales discounts

Using this formula

Value of Preferred Stock in year 5 =Annual Dividend/Required Rate

Let Plug in the formula

Value of Preferred Stock today =(6/6%)/(1+6%)^5

Value of Preferred Stock today =100/(1+6%)^5

=124.58

Mo will receive a perpetuity of $27,000 per year forever, while Curly will receive the same annual payment for the next 40 years. If the interest rate is 7.1 percent, how much more are Mo's payments worth

Answers

Answer:

380281.69-360900.85=19380.84

Explanation:

Perpetuity present value, PV=A/rate

Ordinary Annuity present value, PV= A[(1-(1+7.1%)^40)/7.1%)]

The Dulac Box plant works two 8-hour shifts each day. In the past, 1000 cypress packing boxes were produced by the end of each day. The use of new technology has enabled them to increase productivity by 20%. Productivity is now approximately:____.
A) 32.5 boxes/hr.B) 40.6 boxes/hr.C) 62.5 boxes/hr.D) 81.25 boxes/hr.E) 300 boxes/hr.

Answers

Answer:

The Dulac Box

Productivity is now approximately:____.

= 75 boxes/hr

Explanation:

a) Data and Calculations:

Number of shifts per day = 2

Each shift works 8 hours

Total hours worked each day = 16 hours

Number of cypress packing boxes produced each day = 1,000

Productivity per hour = 62.5 boxes/hr (1,000 boxes/16 hours)

Increase in productivity from the use of new technology = 20%

Therefore, the number of cypress packing boxes produced each day will increase by 20% to 1,200 boxes (1,000 * 1.2)

New Productivity per hour = 75 boxes/hr

Wholesome Burger, Inc. budgeted 25,000 direct labor hours for producing 100,000 units. The standard direct labor rate is $6 per hour. During March, the company used 30,000 hours for producing 80,000 units and paid $6.25 per hour. Calculate the direct labor rate variance.

Answers

Answer:

See below

Explanation:

Given the above information, we will apply the formula below to compute direct labor rate variance.

Direct labor rate variance =

(SR - AR) × AH

Stanadard (Rate) SR = $6

Actual Hour (AR) = $6.25

Actual Hour (AH) = 30,000

Then,

Direct labor rate variance

= ($6 - $6.25) × 30,000

= -$0.25 × 30,000

= -$7,500

= $30,000 Unfavorable

It is unfavourable because the actual rate is more than the budgeted rate.

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