Answer:
$270,000
Explanation:
The first step is to calculate the overhead cost of the material handling parts
Since each wind stock require 3 parts then the overhead cost can be calculated as follows
= 3 × 20,000
= 60,000
The overhead cost of machining hours can be calculated as follows
Since 5 minutes is spent in the machining department then overhead cost is
= 5× 20,000
= 100,000
The overhead cost of packaging number of finished units can be calculated as follows
= 2 × 20,000
= 40,000
Total overhead cost= 100,000 + 60,000 + 40,000
= 200,000
The total cost of direct materials and labor can be calculated as follows
= 3.5 × 20,000
= 70,000
Therefore the total cost of producing 20,000 windstocks is
= Total overhead cost + total cost of direct materials and labor
= 200,000 + 70,000
= $270,000
Hence the total cost of producing 20,000 windstocks is $270,000
Answer:
A. True
Explanation:
The product life cycle is a term that describes a form of structure or arrangement of sales and profits of a product in a given time.
However, due to volatile marketing conditions, it is TRUE, that the sales and profits of an individual product may or may not follow the life cycle of the general pattern.
Hence, the correct answer in this situations is absolutely TRUE
It would most likely violate assumption of normality
Under assumption of normality, we will assume that all variables that relevant to our observation are distributed normally.
Skewed distribution happens when there is an imbalance/anomaly in the distribution, so it will violate the assumption.
To solve this problem, we should remember that the formula
for reserve ratio is:
r = reserves / demand deposits
Where,
r = reserve ratio
reserves = $ 3 billion in government securities
Therefore the demand deposits is:
demand deposits = $ 3 billion / 0.25
demand deposits = $ 12 billion
Since $ 3 billion was bought, therefore the increase in the
lending ability of the commercial banks is:
$ 12 - $ 3 billion = $ 9 billion
Answer:
$ 9 billion
Answer: False
Explanation:
Activity based costing us when the activities of an organisation is classified. After the classification, the costs that are related to those activities will then be traced to the activities.
It should be noted that an activity-based costing system utilizes more cause-and-effect relationships when tracing costs than a traditional cost allocation system.
Therefore, the statement that's givenn in the question is false.
