delph company uses a job-order costing system and has two manufacturing departments—molding and fabrication. the company provided the following estimates at the beginning of the year:

Answers

Answer 1

a. plantwide predetermined overhead rate = $ 23.28 per MH.

b. total manufacturing cost of D-70 and C-200 = $ 1,634,440 $ and 1,608,240 respectively.

c. Bid prices for Job D-70 and Job C-200 =  $ 2,451,660 and $ 2,412,360 respectively.

d. Delph's cost of goods sold for the year is $3,242,680 (= $1,634,440 + $1,608,240).

Explanation

a. The first step is to calculate the estimated total overhead costs in Molding & Fabrication:

Molding: Using the equation Y = a + bX, the estimated total manufacturing overhead cost would be calculated as follows:

Y = $790,000 + ($5.60 per MH)(23,000 MHs)

Estimated fixed manufacturing overhead $ 790,000

Estimated variable manufacturing overhead

$5.60 per MH × 23,000 MHs 128,800

Estimated total manufacturing overhead cost $ 918,800

Fabrication: Using the equation Y = a + bX, the estimated total manufacturing overhead cost would be calculated as follows:

Y = $200,000 + ($5.60 per MH)(33,000 MHs)

Estimated fixed manufacturing overhead $ 200,000

Estimated variable manufacturing overhead: $5.60 per MH × 33,000 MHs 184,800

Estimated total manufacturing overhead cost $ 384,800

The second step is to combine the estimated manufacturing overhead costs in Molding and Fabrication ($918,800 + $384,800 = $1,303,600) to enable calculating the predetermined overhead rate as follows:

Estimated total manufacturing overhead (a) $ 1,303,600

Estimated total machine-hours (b) 56,000 MHs

Predetermined overhead rate (a) ÷ (b) $ 23.28 per MH

b. Total manufacturing cost assigned to Jobs D-70 & C-200:

D-70 C-200

Direct materials $ 699,000 $ 500,000

Direct labor 400,000 340,000

Manufacturing overhead applied ($23.28 per MH × 23,000 MHs; $23.28 per MH × 33,000 MHs) 535,440 768,240

Total manufacturing cost $ 1,634,440 $ 1,608,240

c. Bid prices for Jobs D-70 & C-200:

D-70 C-200

Total manufacturing cost = (a) $ 1,634,440 and $ 1,608,240 respectively

Markup percentage (b) 150 % 150 %

Bid price (a) × (b) $ 2,451,660 $ 2,412,360

d. Because this company has no beginning or ending inventories & only Jobs D-70 & C-200 were started, completed, & sold during the year, the cost of goods sold is equal to the sum of the manufacturing costs assigned to both jobs of $3,242,680 (= $1,634,440 + $1,608,240).

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Full question

Note: The question is not complete, here is the full question:

1. Assume Delph uses a plantwide predetermined overhead rate based on machine-hours.

a. Compute the plantwide predetermined overhead rate.

b. Compute the total manufacturing cost assigned to Job D-70 and Job C-200.

c. If Delph establishes bid prices that are 150% of total manufacturing cost, what bid prices would it have established for Job D-70 and Job C-200?

d. What is Delph's cost of goods sold for the year?


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Jean is a seller in vernon smith's classroom experiment of the market model. which does she know?

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Jean is a seller in Vernon smith's classroom experiment of the market model. She knows her own willingness to sell.

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A firm has net working capital of $640. Long-term debt is $4,180, total assets are $6,230, and fixed assets are $3,910. What is the amount of the total liabilities?.

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A firm has net working capital of $640. Long-term debt is $4,180, total assets are $6,230, and fixed assets are $3,910. $5,860 is the amount of the total liabilities.

For example, if a corporation has current assets of $100,000 and current liabilities of $80,000, then its assets would be $20,000. Simply put, Net capital (NWC) is the difference between a company's current assets and current liabilities on its record. it's a measure of a company's liquidity and its ability to fulfill short-term obligations, yet as fund operations of the business.

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griffin's goat farm, incorporated, has sales of $594,000, costs of $255,000, depreciation expense of $42,000, interest expense of $27,000, and a tax rate of 21 percent. what is the net income for this firm?

Answers

The net income for this firm is $207,770.

Net income refers to the amount a person or enterprise makes after deducting expenses, allowances, and taxes. In trade, internet earnings is what the enterprise has left over in any case costs, including salary and wages, a fee for products or uncooked fabric, and taxes.

EBIT = Sales – Costs – Depreciation Expense

EBIT = $594,000 - $255,000 - $52,000

EBIT = $287,000

EBT = EBIT – Interest Expense

EBT = $287,000 - $24,000

EBT = $263,000

Net Income = EBT – EBT*tax rate

Net Income = $263,000 - $263,000 *21%

Net Income = $263,000 - $55,230

Net Income = $207,770

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unfortunately, shannon doesn't have enough money in her account right now. she needs to make additional contributions at the end of each of the next three years to be able to pay for the repairs. her account currently has $5,000, which, along with her additional contributions, is expected to continue earning 9% annual interest. if she makes equal contributions each year, how large must each contribution be for shannon to have $9,000 after three years?

Answers

If Shannon makes equal contributions each year, each contribution must be $770.22 for Shannon to have $9,000 after three years.

Given,

Her account currently has $5,000, which, coupled with her additional donations, is predicted to produce 9% annual interest for the foreseeable future.

Shannon wishes to have $9,000 after three years in her account.

The equal contributions will be an annuity.

The $5,000 already there will also grow at 6% for 3 years.

Expression is;

[tex]FV= [PV *(1 + i)^t ] + Contribution * Future Value Interest Factor Of Annuity, 3 years, 9 Percent[/tex]

Where, FV = Future value = $9,000

PV = Present Value = $5,000

i = interest rate = 9% = 0.09

and t = time period = 3 years

Now substituting the values in the equation we get,

9,000 = ( 5,000 * ( 1 + 9%)^3) + Contribution * 3.2781(refer to the attached image, marked with red ink)

9,000 = (5,000 * 1.29503) + Contribution * 3.2781

9,000 = 6,475.145 + Contribution * 3.2781

Contribution = (9,000 - 6,475.145) / 3.2781

Contribution = 2,524.855 / 3.2781

Contribution = $770.22

Hence, the answer is $770.22

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Complete question: Consider the following statement, and identify the form of capital market efficiency under the efficient market hypothesis based on this statement:

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When a company is established, the shareholders' equity represents the amount of money that has been invested in the business. This also includes any retained earnings or profits that may have been generated since inception. In order to determine shareholder's equity, various factors need to be considered such as:

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Management accounting has the purpose of providing valuable insight to managers and decision makers in a company in order to allow them to make better decisions.

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The inventory account is used for both manufacturing and merchandising companies is Cost of Goods Sold.

What is an inventory account?

Inventory accounting is known to be a term that connote the body of accounting that handles the issues with regards to the valuing and accounting for alterations in inventoried assets.

Note that A company's inventory is one that entails goods in all the stages of production and as such, the inventory account is used for both manufacturing and merchandising companies is Cost of Goods Sold.

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hich account is used by both manufacturing and merchandising companies? Multiple Choice O Raw Material Purchases. O Work-in-Process Inventory. O Finished Goods Inventory О O Cost of Goods Sold

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Analyzing the difficulty, frequency, and importance of work activities associated with a particular job is a fundamental aspect of Job Analysis.

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Distinguish the Tasks to be investigated.

Decide the methodology to be utilized in gathering position information.

Execute the work examination techniques.

Survey the information gathered through Occupation Examination.

Sum up and record the information gathered.

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here are six comparable sales. sale price/monthly rent: 1. $98,000/$800. 2. $102,000 /$850. 3. $89,500/$750. 4. $91,600/$750. 5. $87,500/$750. 6. $105,000/$875. what is the median of the grms?

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The median of the grms: is 120.0.

How do you calculate monthly rental rate?Consider a three-bedroom house with a built-up space of 1500 square feet. If an adjacent two-bedroom house with a built-up area of 1000 square feet is rented out for Rs 12,000 per month, the calculation would be Rs 12,000 / 1000 ft, or Rs 12 per square foot.The 1% rule is a useful technique for prescreening. It is a useful tool for separating good investments from bad ones and limiting your list of potential properties. Apply the 1% rule to the listing price as you evaluate listings to see whether the result is close to the neighborhood median rent.A method for calculating your cap rate in real estate investing is the 1% rule. Investors should estimate monthly rent to be at least 1% of the entire purchase price when appraising properties, according to this rule.The ratio of a certain location's annualized rent to the price of a home is known as the price-to-rent ratio. This ratio serves as a standard for determining whether it is more affordable to rent or buy a home. The price-to-rent ratio measures whether housing markets are appropriately valued or experiencing a bubble.

What is the median of the grms? 120.0.

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In just a few years, thanks to the policies and actions of its undemocratic and authoritarian economy, venezuela has gone from being a prosperous country to a nation with widespread poverty. We use the term ________ to indicate that a country’s political, economic, and legal system are interdependent, and influence the country’s level of economic well-being.

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In just a few years, thanks to the policies and actions of its undemocratic and authoritarian economy, Venezuela has gone from being a prosperous country to a nation with widespread poverty. We use the term political economy to indicate that a country’s political, economic, and legal systems are interdependent, and influence the country’s level of economic well-being.

The study of the interactions between political and economic systems is known as political economy. Political economy examines how institutions, rules, and political behavior impact macroeconomic phenomena like growth, distribution, inequality, and trade. The three political economic systems are communism, socialism, and capitalism. Resources are owned by the state or society in communism and socialism, whereas in capitalism, private individuals are the owners.

Political economy examines the people who make up the figures as well as the social consequences of economic decisions. You can be in the world in a variety of ways thanks to political economy. It prepares you for participating in the large public debate regarding the type of society and the type of planet we'll live in.

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In the elastic portion of a linear demand curve, firm revenue ______ when price falls.

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In the elastic portion of a linear demand curve, firm revenue increases when price falls.

What is the demand curve?

This is the term that is sued in economics to tell us the relationship that exist between the demand of a good by the people that use the good and the price of the good.

It shows us how the demand would change or remain the same as the price stays unchanged, rises or when it falls.

Hence we can say that In the elastic portion of a linear demand curve, firm revenue increases when price falls.

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All of the following are marketing management philosophies except? sales orientation societal marketing orientation market orientation profitability orientation

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All of the following are marketing management philosophies except profitability orientation

This is further explained below.

What is profitability orientation?

Generally, With a profit-oriented pricing strategy, we will determine the price of our product in accordance with a certain profit objective.

That may be a target return, which means we want to earn a certain percentage on each unit sold, or it could indicate we want to make the most money possible.

In conclusion, Except for profitability orientation, the following are all marketing management philosophies.

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If new technology in a perfectly competitive market brings about a substantial reduction in costs of production, how will this affect the market?

Answers

If new technology in a perfectly competitive market brings about a substantial reduction in costs of production, the equilibrium market supply will increase and the equilibrium price would decrease.

In a perfectly competitive market, all buyers and sellers behave rationally and deal in uniformly priced, homogeneous goods.

At the industrial level, prices are determined by the free forces of market supply and demand.

Technology change has an indirect impact on production costs and a direct impact on market prices.

The supply curve would shift lower as a result of the increase in supply brought on by technological change.

The new equilibrium would be at a location lower than before, where equilibrium quantity would rise and equilibrium price would fall as a result of the shift in the supply curve.

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What type of skills are general abilities that transfer to many jobs or situations?

Answers

The  type of skills are general abilities that transfer to many jobs or situations is job content or functional .

What is skill?

Skill can be described as the creativity, critical thinking, as well as  analytical ability to carry out a specific work.

A functional job analysis can be regarded as the  process  which is been used to identify the essential functions  with respect to the job,  it should be noted that type of skills are general abilities that transfer to many jobs or situations is job content or functional .

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What happens to the equilibrium price and equilibrium quantity when demand and supply increase simultaneously, but the relative size of the shifts are not known?.

Answers

When both the demand and supply increase  simultaneously, the equilibrium quantity will increase whereas the equilibrium price will be unknown.

An increase in demand leads to an increase in both the equilibrium quantity and equilibrium price, it is because it leads to more people buying the particular product as of increased demand which means a higher quantity will be sold as an increase in equilibrium quantity as more people are buying the price will go up leading lead to the higher equilibrium price. Similarly, an increase in supply leads to a decrease in equilibrium price and an increase in equilibrium quantity because more supply of goods is done to the market with the expectation of a rise in quantity and the price fall, So when both the supply and demand increase, the equilibrium price could go up, down, or stay the same,  can't be determined but the equilibrium quantity goes u

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margo borrows $800, agreeing to pay it back with 5% annual interest after 7 months. how much interest will she pay?

Answers

Answer:

23

Explanation:

800 * 5% * (7/12) = 23.333

dividing 7 by 12 coz there r 12 months in a year and she is paying for 7.

the president of an auto parts merchant, deal corp., wrote to boyd, offering to sell the deal factory site for $300,000. the site is comprised of approximately 20 acres of land and a few abandoned building. the written offer was signed by deal's president and sent on june 5. the offer was received by boyd on june 9. the offer stated that it would remain open until december 20. the offer:

Answers

Its good until December 20, although Deal may be revoked it at any point prior to that day if Boyd has not agreed to it.

What is Revoke?

Recalling or revoking something causes it to be nullified: revoke a will. 2: to deliver or ring back. To break the rules of a card game by failing to follow suit when one is able. revoke.

When you revoke something, you formally cancel it, as when you take away your sister's title as "coolest sibling" since she frequently shares amusing photos of you from your younger years with her friends.

Formally stating that something is no longer in force: The authorities have officially reversed their initial decision to permit development in this rural area. substitute; repeal.

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what additional assumptions can justify the stock market index level of 4,200? show your calculations and explain your reasoning carefully

Answers

As stated in the Question,

Level of the stock market index: 4500

1.3% is the long-term risk-free rate.

Total revenue anticipated for 2019 is equal to 132.

45% is the payout ratio.

Reinvestment Ratio: (1 - 45%) = 55%

Assuming,

Earnings Expected divided by stock market index level is expected return.

Return Expected = 132/4500Return Assumed = 2.933%Reinvestment × Expected Return = Sustainable Growth RateSustainable Growth Rate = 2.933% multiplied by 55%59.40 is the sustainable growth rate.

Utilizing the Constant Growth Model

Value = Next Year's Dividend / ( Expected Return on market - Growth Rate)Value = 59.40 / (2.913% - 1.613%)Value = 59.40 / 1.32%Value = 4500

Therefore, the value of 4500 is supported by the above-calculated sustainable growth rate and projected return assumptions.

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Correct Question - Assume that the stock market index is trading at a level of 4,500. You can interpret this index level as a scaled price that was set at some point to 100 and appreciates as the stocks included in the index appreciate. The long-term risk-free rate is 1.3%. The aggregate earnings (scaled in the same way as the index level) of the firms in the stock market index are expected to be 132 next year and the payout ratio (dividends as a percentage of earnings) has been 45% and is expected to remain 45%. What additional assumptions can justify the stock market index level of 4,500? Show your calculations and explain your reasoning carefully

the marketing concept holds that above all else, firms must be focused on building the highest quality product possible.

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The marketing concept holds that above all else, firms must be focused on building the highest quality product possible.

FALSE

A market is a composition of structures, institutions, methods, social relations or infrastructures whereby events interact in exchange. at the same time as parties may also change items and offerings through barter, most markets rely upon sellers presenting their goods or offerings to consumers in alternate for money.

Marketing refers to how one-of-a-kind industries are labeled and differentiated based totally on their degree and nature of competition for services and goods. The four popular varieties of market systems consist of perfect opposition, oligopoly marketplace, monopoly market, and monopolistic opposition.

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market-based economies are characterized by a private property rights and price incentives. b scarce resources and prices set by government economists. c an unlimited quantity of resources and price incentives. d scarce resources and price controls. e government control of property and price incentives.

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market-based economies are characterized by  private property rights and price incentives.

Resource ownership and usage are defined by property rights, both theoretically and legally. These resources may be owned by private persons, corporate entities, or governmental entities and may be either tangible or intangible. The power of private persons to acquire, keep, transfer, rent, or sell property is routinely exercised by individuals in many nations, including the United States. All market exchange in economics is based on property rights, and how those rights are distributed among people in a society has an impact on how effectively resources are used. Legislation that is well-defined and upheld by the state protects property. These regulations outline who owns a piece of property as well as any perks that come with it. Though legal protection exists, the phrase "property" is fairly broad.

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