Total Cost Method of Product Pricing
Smart Stream Inc. uses the total cost method of applying the cost-plus approach to product pricing. The costs of producing and selling 6,500 units of cell phones are as follows:
| Variable costs: | Fixed costs: | |||
| Direct materials | $ 72 | per unit | Factory overhead | $235,700 |
| Direct labor | 33 | Selling and administrative expenses | 82,800 | |
| Factory overhead | 22 | |||
| Selling and administrative expenses | 17 | |||
| Total variable cost per unit | $144 | per unit | ||
Smart Stream desires a profit equal to a 15% return on invested assets of $702,520.
a. Determine the total cost and the total cost amount per unit for the production and sale of 6,500 units of cellular phones. Round the cost per unit to two decimal places.
| Total cost | $ ??? |
| Total cost amount per unit | $ ??? |
b. Determine the total cost markup percentage
(rounded to two decimal places) for cellular phones.
??? %
c. Determine the selling price of cellular
phones. Round to the nearest cent.
$ ??? per cellular phone
In: Accounting
Using a pair of positive and negative test charges describe how you
could determine the
charge on an object dangling from a rope. That is, outline a
procedure to test the charge,
describe possible outcomes of your procedure and state the
conclusions each outcome
would lead to.
In: Physics
An electrochemical cell is based on the following two
half-reactions:
Ox: Pb(s)→Pb2+(aq, 0.19 M )+2e−
Red:MnO−4(aq, 1.65 M )+4H+(aq,
1.9 M )+3e−→
MnO2(s)+2H2O(l)
Compute the cell potential at 25 ∘C.
In: Chemistry
Which transition metal is correctly matched with its highest oxidation state??
A) Cr, 3+?
B) Mn, 5+?
C) Ti, 3+
?D) Sc, 3+
?E) Fe, 8+
In: Chemistry
Question 2:
What Company do you think is doing the best job providing the ultimate customer experience and why? What makes them stand out? type the answer
In: Operations Management
1. Write the difference between a prokaryotic and a Eukaryotic
cell based on the following criteria:
Criteria Prokaryotic cell Eukaryotic Cell
Examples ----------------------
-------------------
Nucleus -------------------- ---------------------
DNA / Chromosome ----------- -------------------------
Membrane enclosed cell organelles -----------------
------------------
Endomembrane system --------------- -------------------
2. Compare Gram positive and Gram negative bacterial
cell wall based on the following Criteria:
Criteria Gram (+) Cell Wall Gram (-) Cell wall
Peptidoglycan content ------------- -------------------
Teichoic acid ---------------------------
--------------------------
Lipid rich outer membrane -----------------
-----------------------------
Gram stain ----------------------------
----------------------------------
3. . Write the differences between Passive Transport and active
transport.
Passive Transport Active Transport
Does it need ATP? ---------------------------
-----------------------------------
What is the direction of transport ( driving force)?
--------------------------
------------------------------
Transport through phospholipid/ protein / both
----------------------------
-----------------------------------------
Examples ------------------------------------
-------------------------------------------------
In: Biology
1.Assume that you are the president of your company and paid a year-end bonus according to the amount of net income earned during the year. When prices are rising, would you choose a FIFO or weighted average cost flow assumption? Explain, using an example to support your answer. Would your choice be the same if prices were falling?
2. Compare and contrast the direct write-off method and the allowance method for bad debts. At a minimum, please consider the following in your answer:
3.Why are the costs of plant/long term assets recovered through depreciation vs. expensed out during the period purchased? Choose one of the following depreciation methods to discuss: straight line, units of production, declining balance. Share how depreciation using this method is calculated and provide an example of when this would be the most ideal method for application.
4.What distinguishes a current liability from a long-term liability? Why is it so important to report these separately? How is this information used in decision making applications?
5.Define coupon and market/effective interest rates as they determine bond pricing at par, premium, or discount values.
In: Accounting
1) A neutron star is the collapsed remains of a massive star after it "dies". Use the law of conservation of angular momentum to explain why the neutron star spins faster than its parent star.
2) Consider lifting a 10-lb bag of flour (~50 N) 3 feet high (~1 m). To equal the power of a 100-W lightbulb, how fast must you lift the flour?
please answer in full, detail sentences
In: Physics
In: Biology
Compare the elasticity of a monopolistic competitor’s demand with that of a pure competitor and a pure monopolist. Assuming identical long-run costs, compare the prices and outputs that would result in the long run under pure competition and under monopolistic competition. Contrast the two market structures in terms of productive and allocative efficiency. Explain: “Monopolistically competitive industries are populated by too many firms, each of which produces too little.”
In: Economics
Calculate the concentration of all species in a 0.175 M solution of H2CO3.
[H2CO3], [HCO?3], [CO2?3], [H3O+], [OH?]
In: Chemistry
Labor Variances Cinturon Corporation produces high-quality leather belts. The company's plant in Boise uses a standard costing system and has set the following standards for materials and labor: Leather (3 strips @ $4) $12.00 Direct labor (0.75 hr. @ $12) 9.00 Total prime cost $21.00 During the first month of the year, the Boise plant produced 92,000 belts. Actual leather purchased was 287,500 strips at $3.90 per strip. There were no beginning or ending inventories of leather. Actual direct labor was 78,600 hours at $12.50 per hour.
Required: 1. Break down the total variance for labor into a rate variance and an efficiency variance using the columnar and formula approaches.
Rate variance $ 39,300
Unfavorable Efficiency variance $ 46,000 Unfavorable ??????
Total variance $ -276,900 Unfavorable ????
2. CONCEPTUAL CONNECTION As part of the investigation of the unfavorable variances, the plant manager interviews the production manager. The production manager complains strongly about the quality of the leather strips. He indicates that the strips are of lower quality than usual and that workers have to be more careful to avoid a belt with cracks and more time is required. Also, even with extra care, many belts have to be discarded and new ones produced to replace the rejects. This replacement work has also produced some overtime demands. What corrective action should the plant manager take? Return to suppliers that provide the quality corresponding to the price standard. Employ more skilled labor at a cost lesser than the savings made by buying cheap material and improve the product quality. There is no need to change anything. The sales are not affected by this low quality of raw material.
1
In: Accounting
Consider the reaction
Mg(s)+Fe2+(aq)→Mg2+(aq)+Fe(s)
at 69 ∘C , where [Fe2+]= 3.10 M and [Mg2+]= 0.110 M .
a)What is the value for the reaction quotient, Q, for the cell?
b) What is the value for the temperature, T, in kelvins?
c) What is the value for n?
d) Calculate the standard cell potential for Mg(s)+Fe2+(aq)→Mg2+(aq)+Fe(s)
In: Chemistry
Java.
Write 3 methods named addArrays, subArrays, and mulArrays each.
addArrays gets two matrices(int [][] array1, int [][] array2) as parameters and add them and returns the result (matrix).
subArrays gets two matrices(int [][] array1, int [][] array2) as parameters and subtract array2 from array1 and returns the result (matrix).
mulArrays gets two matrices(int [][] array3, int [][] array4) as parameters, multiplying them and returning the result(matrix).
In: Computer Science
A solution contains 1.20×10-2 M zinc acetate and 8.67×10-3 M
copper(II) nitrate.
Solid potassium sulfide is added slowly to this mixture.
A. What is the formula of the substance that precipitates first?
formula =_____________
B. What is the concentration of sulfide ion when this
precipitation first begins?
[S2-] =____________ M
In: Chemistry