Materials and labor are the only variable costs if

Assignment Help Finance Basics
Reference no: EM13478034

Raron's Rockers is in the process of preparing a production cost budget for August. Actual costs in July for 120 rocking chairs were:

Materials cost

$4,800

Labor cost

3,000

Rent

1,500

Depreciation

2,500

Other fixed costs

3,200

Total

$15,000

Materials and labor are the only variable costs. If production and sales are budgeted to increase to 150 chairs in August, how much is the expected total variable cost on the August budget?

Reference no: EM13478034

Questions Cloud

If the firm urtilizes the continuous review system to : a store has collected the following information on one of its productsdemand 15000 unitsyearstandard deviation of
Ordering cost is 80 each time an order is placed and the : as an inventory manager you must decide on the order quantity for an item. its annual demand is 3000 units. ordering
Shulas 347 grill has budgeted the given costs for a month : question 1 paradise pottery had the following costs in may when production is 800 ceramic pots materials 8700 labor
What does friedman identify as the sole responsibility of : 1 what does friedman identify as the sole responsibility of businesses?a. treating its workers wellb. contributing to
Materials and labor are the only variable costs if : rarons rockers is in the process of preparing a production cost budget for august. actual costs in july for 120 rocking
Total fixed costs are 5000 per year this offer doesnt : progo plans to sell 1200 carriers next year and has budgeted sales of 48000 and profits of 20000. variable costs are
Breezes curacao consists of 200 rooms each room rents at : breezes curacao has 200 rooms. each room rents at 130 per night and variable costs total 42 per room per night of
Heavy lift surcharge and long lift surcharge differentiate : differentiate between the following a ship owners lien and maritime lien b air transport and rail transport c heavy
Heavy lift surcharge and long lift surcharge differentiate : differentiate between the following a ship owners lien and maritime lien b air transport and rail transport c heavy

Reviews

Write a Review

Finance Basics Questions & Answers

  Compute expected price of stock

Damon Enterprises' stock is currently selling for $25.00 per share. The stock's dividend is projected to increase at a constant rate of seven percent per year.

  Garage inc has identified following two mutually exclusive

garage inc. has identified the following two mutually exclusive projectsyearnbspnbspnbsp cash flow

  What avenues are available to shareholders to bring goals

The agency problem can seriously restrain the economic success of a company. What avenues are available to shareholders to bring their goals and those of management into alignment?

  Explain how you will apply the concept of npv

Imagine you are a small business owner. Explain how you will apply the concept of NPV / payback rule to make a good financial decision.

  Determining random sample from normal population

Random sample is attained from normal population with the mean of µ = 80 and standard deviation of σ = 8. Which of the following outcomes is more probable? Describe your answer.

  What was the total cost to firm of issuing the securities

The firm's stock price increased 17.5 percent on the first day. What was the total cost to the firm of issuing the securities?

  Would you expect the mortagage payment to double

Can you explain why the figure changes? If the interest rate doubles, would you expect the mortagage payment to double?

  Should the mangement pursue this reduction in debt

The issuance of $5,000,000 in common equity and repurchase of debt in that same amount is expected to result in the reduction in kd to 7%. The impact of the action on the cost of equity is to be established. Should the mangement pursue this reduct..

  Contrast the advantages and disadvantages of the direct and

contrast the advantages and disadvantages of the direct and indirect methods of preparing the statement of cash

  Distinguish between disparate treatment, disparate impact

Distinguish between disparate treatment, disparate impact, and reasonable accommodation theories of discrimination in terms of (a) number of plaintiffs, (b) intent, and (c) defenses.

  What is the dividends per share figure

Suppose that Sports Baseball has 20,000 shares of stock. What is the dividends per share figure?

  You have just invented a new product that you believe will

you have just invented a new product that you believe will make you a millionaire in canada.nbsp however you do not

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd