​(Cost of trade credit​) Calculate the effective cost of the following trade credit terms when payment is made on the net due date. Use approximate​ cost-of-credit formula. Note​: Assume a​ 30-day month and​ 360-day year. a. 2​/5​, net 45 b. 3​/10​, net 30 c. 4​/10​, net 60 d. 2​/10​, net 60 a. When payment is made on the net due​ date, the APR of the credit terms of 2​/5​, net 45 is nothing​%. ​(Round to two decimal​ places.) b. When payment is made on the net due​ date, the APR of the credit terms of 3​/10​, net 30 is nothing​%. ​(Round to two decimal​ places.) c. When payment is made on the net due​ date, the APR of the credit terms of 4​/10​, net 60 is nothing​%. ​(Round to two decimal​ places.) d. When payment is made on the net due​ date, the APR of the credit terms of 2​/10​, net 60 is nothing​%. ​(Round to two decimal​ places.)

​(Cost of trade credit​) Calculate the effective cost of the following trade credit terms when payment is made on the net due date. Use approximate​ cost-of-credit formula. Note​: Assume a​ 30-day month and​ 360-day year. a. 2​/10​, net 30 b. 3​/15​, net 30 c. 3​/15​, net 45 d. 2​/15​, net 60 a. When payment is made on the net due​ date, the APR of the credit terms of 2​/10​, net 30 is nothing​%. ​(Round to two decimal​ places.) b. When payment is made on the net due​ date, the APR of the credit terms of 3​/15​, net 30 is nothing​%. ​(Round to two decimal​ places.) c. When payment is made on the net due​ date, the APR of the credit terms of 3​/15​, net 45 is nothing​%. ​(Round to two decimal​ places.) d. When payment is made on the net due​ date, the APR of the credit terms of 2​/15​, net 60 is nothing​%. ​(Round to two decimal​ places.) Enter your answer in each of the answer boxes.

Discuss the impact of depreciation cost in cost per unit generation. Provide FOUR (4) items in a coal power plant that incorporate the component of this cost.

Briefly describe the typical average cost curve and the marginal cost curves most often faced by monopolists.

Briefly explain how a natural monopoly arises.

X Company uses a plantwide overhead allocation system, with direct labor cost as the cost driver. Budgeted overhead for the year is $867,000. The following annual budgeted and actual information is available for the only three products that it produces - X, Y, Z:

How much overhead was allocated to Product Z [round the overhead rate to two decimal places]?

A plant manager considers that operational cost per hour of five alternative machines. The cost per hour is sensitive to three potential weather conditions: cold, mild, and warm. The following table represents the operational cost per hour for each alternative-state of nature combination.

The EVPI is .

Entries for Costs in a Job Order Cost System

Munson Co. uses a job order cost system. The following data summarize the operations related to production for July:

1. Materials purchased on account, $496,630
2. Materials requisitioned, $417,170, of which $54,230 was for general factory use
3. Factory labor used, $511,530, of which $97,190 was indirect
4. Other costs incurred on account for factory overhead, $119,190; selling expenses, $183,750; and administrative expenses, $109,260
5. Prepaid expenses expired for factory overhead, $22,840; for selling expenses, $19,370; and for administrative expenses, $13,910
6. Depreciation of office building was $66,550; of office equipment, $33,770; and of factory equipment, $22,840
7. Factory overhead costs applied to jobs, $283,080
8. Jobs completed, $655,550
9. Cost of goods sold, $635,690

Required:

Journalize the entries to record the summarized operations. For a compound transaction, if an amount box does not require an entry, leave it blank.

a. Materials purchased on account, $496,630.

b. Materials requisitioned, $417,170, of which $54,230 was for general factory use.

c. Factory labor used, $511,530, of which $97,190 was indirect.

d. Other costs incurred on account for factory overhead, $119,190; selling expenses, $183,750; and administrative expenses, $109,260.

e. Prepaid expenses expired for factory overhead, $22,840; for selling expenses, $19,370; and for administrative expenses, $13,910.

f. Depreciation of office building was $66,550; of office equipment, $33,770; and of factory equipment, $22,840.

g. Factory overhead costs applied to jobs, $283,080.

h. Jobs completed, $655,550.

i. Cost of goods sold, $635,690.

A company located on the sea has the following cost sheet:
Cost per unit GH₵
Raw Materials 60
Direct Labour 20
Overheads       40
Total Cost      120
Profit             20
Selling Price 140
The following is also made available
• Average raw material in stock is equivalent to 30days
• Average material in process is 15 days
• Credit all owned by suppliers is 30days
• Time lag in payment of wages is 10 days
• Time lag in payment of overheads is 30 days
• 25% of sales are on cash basis
• Credit allowed to debtors is 60 days
• The company wishes to keep cash amounting to GH₵120,000
• Average finished goods in stock is 30 days

Required:
As a management consultant, you have been contacted to prepare a statement to be presented to the Board of Directors showing the working capital required to finance 70,000 units of output. Assume 365 days in a year.

In a process cost flow, which of the manufacturing cost accounts (Raw Materials Inventory, Manufacturing Overhead, and Factory Labor) is debited at the time the costs are incurred and credited at the time the costs are assigned to Work in Process accounts?