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A company's sales volume averages 4,000 units per year. Recently, its main competitor reduced the price of its product to $48. The company expects sales to drop dramatically unless it matches the competitor's price. In addition, the current profit per unit must be maintained. Information about the product (for production of 4,000) is as follows. Standard Quantity Actual Quantity Actual Cost Materials (pounds) 5,800 6,000 $60,000 Labor (hours) 1,800 2,000 $20,000 Setups (hours) 0 225 $8,000 Material handling (moves) 0 400 $5,000 Warranties (number repaired) 0 300 $15,000 Required Calculate the target cost for maintaining current market share and profitability. Calculate the non-value-added cost per unit. If non-value-added costs can be reduced to zero, can the target cost be achieved?
At the beginning of the year, the estimated direct labor-hours were 17,900 hours and the total estimated manufacturing overhead was $341,890. At the end of the year, actual direct labor-hours for the year were 16,700 hours and the actual manufact..
1. explain the basic accounting equation. how does the double entry accounting system work?2. what is the
Ashland Burglar Alarms Inc. sells a single product. The product has a selling price of $50 per unit and variable expenses of 80% of sales. If the company's fixed expenses total $150,000 per year, then it will have a break-even point in sales dolla..
calculate the present value of hbl. share when it is expected that the bank will distribute dividends of rs. 50 six
Security A has an expected return of 7 percent, a standard deviation of expected returns of 35 percent, a correlation coefficient with the market of -0.3, and a beta coefficient of -0.5. Security B has an expected return of 12 percent
What is a balanced scorecard? How can it help you manage a company? Are there any advantages to using one?
The LBJ Company has budgeted sales revenues
prepare journal entries to record (a) the copier's sale; (B) the adjustment on December 31,2011, to recognize the warranty expense; and (c)the repairs that occur in November 2012.
Describe the components of the common body of tax law (CBOTL). Include in your response answers to the following questions: What role does the U.S. Congress play in creating the tax law? Briefly explain how a tax bill becomes a tax law.
If you were given complete authority, how would you propose that generally accepted accounting principles (GAAP) should be developed and enforced in comparison with how the principles are now developed? What issues do you see with the way the curr..
forest outfitters is a retailer that is preparing its budget for the upcoming fiscal year. management has prepared the
seven enterprises is a large producer of gourmet per food. during april it produced 147 batches of puppy meal. each
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