Business, 16.04.2021 01:00, emilygoolsby2123
Kima Company manufactures and sells two models of a home appliance. The Standard model is a basic appliance with mostly manual features, while the Galaxy model is highly automated. The appliances are produced to order, and there are no inventories at the end of the year. The cost accounting system at Kima allocates overhead to products based on direct labor cost. Overhead in year 1, which just ended, was $2,956,250. Other data for year 1 for the two products follow. Standard Model Galaxy Model (20,000 units) (3,000 units) Sales revenue $ 6,190,000 $ 2,890,000 Direct materials 2,590,000 490,000 Direct labor 1,790,000 575,000 Required: a. Compute product line profits/loss for the Standard model and the Galaxy model for year 1. b. A study of overhead shows that without the Standard model, overhead would fall to $2,345,000. Assume all other revenues and costs would remain the same for the Galaxy model in year 2. Compute product line profits/loss for the Galaxy model in year 2 assuming the Standard model was not produced or sold.
Answers: 2
Business, 21.06.2019 15:00, iviestrong7430
Becky fenton has 40/80/40 automobile insurance coverage. if two other people are awarded $75,000 each for injuries in an auto accident in which becky was judged at fault, how much of this judgment would the insurance cover?
Answers: 1
Business, 22.06.2019 13:50, veronica25681
When used-car dealers signal the quality of a used car with a warranty, a. buyers believe the signal because the cost of a false signal is high b. it is not rational to believe the signal because some used-car dealers are crooked c. the demand for lemons is eliminated d. the price of a lemon rises above the price of a good used car because warranty costs on lemons are greater than warranty costs on good used cars
Answers: 2
Kima Company manufactures and sells two models of a home appliance. The Standard model is a basic ap...
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