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- What are explicit and implicit costs?1. Direct laborrate: $15.00perhour Production material: $375 per 100 items Factory overhead: 125% of direct labor Packing costs: 75%ofdirectlabor Desiredprofit: 20%oftotalmanufacturing cost use the above information to answer how many units must be sold to achieve a profit of $25,000? [Note that the units sold must account for total production costs (direct and overhead) plus desired profit. 2. A small textile plant was constructed in 2004. The major equipment, costs, and factors are shown below. Estimate the cost to build a new plant in 2014 if the index for this type of equipment has increased at an average rate of 12% per year for the past 10 years. Show work and Select the closest answer. a) $4,618,000 b) $10,623,000 c) $14,342,000 d) $ 14,891,000Good afternoon please help me with the calculation to for the attatched prodblem. Thank you in advance
- 6i Complete the following table: Instructions: Enter your responses as a whole number. Saved Quantity Fixed Cost Variable Cost Total Cost $ 100 $ 0 $100 10 $ 100 $40 $ 140 24 20 $ 100 $100 $ 200 30 $100 $ 170 $270 40 $ 100 $260 $ 360 < Prev 4 of 45. In the LNG business value chain, which of the processes is the most significant cost unit a. Exploration and production cost b. Regasification and storage cost c. Shipment and transportation cost d. Liquefaction cost.Accounting costs and explicit costs are the same. a. True O b. False
- The Pery Corporation ecorded the following budgeted and actual information lating to fixed overtead costs for its Z-Line of products Standwd fixed overhead per direct labor hour Standard direct labor hours per unit Budgeted production Budgeted foxed overhead costs $3.00 05 2,860 $4,275.00 Actual production in units Actual fixed overhead costs incumred 4.400 $1,500 00 What is Perry's fxed manufacturing overhead volume vanance? OA S2,325.00 unfavorable OR $2.325 00 tavorable OC S2,775 00 unfavorable OD. $2.775.00 favorableFarmer McDonald gives banjo lessons for $20 perhour. One day, he spends 10 hours planting $100worth of seeds on his farm. What total cost has heincurred?a. $100b. $200c. $300d. $400urgently need solution of J,K,L subparts please
- ull touch LTE 10:11 PM @ O 35% Done A docs.google.com AA C account * Required Section C Which of the following statements is true? * If average product equals marginal product, average product decreases. If marginal product equals average product, marginal product is a maximum. If marginal product equals average O product, average product is a maximum. If marginal product exceeds average product, marginal product increases.QUESTION 2 a. Himaya resigned as an architect with a monthly salary of RM5000. He used his savings of RM120000 to start a restaurant in Kuching, Sarawak. The following information shows his estimated monthly expenses. Workers' salary RM2200 Electricity and water bill RM2500 Shop rent RM3000 Raw material RM6000 If saving interest is 5% a year, calculate the following cost in a month. i. Explicit cost ii. Implicit costpols Add-ons Help Last edit was seconds ago xt I UA Calibri 11 + 三 2 | 3 II | I 4 II| II6 4. Thanks to years of consistent contracts and an outstanding administration, Crestwood High School has formed one of the best teaching staffs in the State of Michigan. This staff has learned how to work seamlessly with each other and students. They are now able to effectively teach more students in every class than before. *Name the determinant: Automakers have introduced new heating lamps to their paint shops that allow them to dry layers of paint faster than ever before. These newly invented heaters use less energy and have greatly increased output. 5. *Name the determinant: 27°C Rain II 近