Answer:
The use of budgets in controlling operations
Explanation:
Budgetary control
The efficiency with which the manger utilizes the budget to control and monitor the costs and operations in a given period of time .
uses the budget as the controlling operations .
Steps of Budgetary Control:
a. Establish a plan or a target of the performance , which coordinates all the activities of the business .
b. Record the actual performance .
c. Compare the actual performance with the planned .
d. Calculate the differences , variances and the reasons .
e. Act immediately , if necessary, to remedy the situation.
Answer:
The answer is: $57.30
Explanation:
To determine the expected value of each warranty policy that was sold, we can use the following formula:
expected value = policy price - (probability of failure x cost of replacement)
expected value = $60 - (0.6% x $450)
expected value = $60 - $2.70 = $57.30
Explanation:
Given that
Amount of equity loan = $24,000
Appraisal value of home = $110,000
Using percentage = 70%
Owed amount = $60,000
By considering the above information,
As we know that for the borrowing purpose, only 70% is eligible i.e
= $110,000 × 70%
= $77,000
So, the highest credit limit would be
= $77,000 - $60,000
= $17,000
So, there is no enough residual value left for $24,000 equity loan
2. By seeing the credit rating, income of a person, the lender could is willing to offer them additional amount i.e $7,000 that is come from subtracting the $17,000 from the $24,000 equity loan amount
Answer:
1 151 million 2 97 million
3 22.785 million 4 20.37 million 5 76.63 million
Answer:
$175,000
Explanation:
Given:
Per unit cost of manufacturing = $4.50
Normal production rate = 50,000 units per year
Direct materials and direct labor costs = $2.50 per unit
Incremental overhead costs = $50,000 per year
Allocated fixed overhead costs = $50,000 per year
Quoted price = $3.70 per unit
Now,
total relevant cost per unit
= Direct materials and direct labor costs + (allocated fixed overhead costs ÷ Number of units to be made )
= $2.50 + 
= $2.50 + $1
= $3.50
Therefore,
Total relevant cost of making 50000 units
= $3.5 × 50,000
= $175,000
