Munoz Manufacturing Company established the following standard price and cost data:Sales priceVariable manufacturing costFixed manufacturing costFixed selling and administrative cost$ 8.60 per unit$ 3.50 per unit$ 2,500 total$ 1,000 totalMunoz planned to produce and sell 2,400 units. Actual production and sales amounted to 2,600 units.Assume that the actual sales price is $8.40 per unit and that the actual variable cost is $3.70 per unit. The actual fixed manufacturingcost is $2,000, and the actual selling and administrative costs are $1,030.Requireda.&b. Determine the flexible budget variances and classify the effect of each variance by selecting favorable (F) or unfavorable (U).Note: Select "None" if there is no effect (i.e., zero variance).Flexible BudgetVariancesSalesVariable manufacturingContribution marginFixed manufacturingUFFixed selling and administrative costUNet income (loss)U

Flexible Budget Variances:Here's a breakdown of the variances and their classifications:Flexible…

Answered: Munoz Manufacturing Company established…

Holt Mcdougal Larson Pre-algebra: Student Edition 2012

1st Edition

ISBN:9780547587776

Author:HOLT MCDOUGAL

Publisher:HOLT MCDOUGAL

ChapterCSR: Contents Of Student Resources

Section: Chapter Questions

Problem 7.30EP

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Assume a sales price per unit of $25, variable cost per unit $15, and total fixed costs of $18000. If no units are sold, how much cost would the company incur?
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A furniture store expects to sell 120 coffee tables during the next year. It costs $1.50 to store one coffee table for one year. To reorder, there is a fixed cost of $10, plus $2.80 for each coffee table ordered. In what lot size and how many times per year should an order be placed to minimize inventory costs? coffee tables per order orders per year
A campus student group is raising funds for charity by selling cups of boba tea. The expenses incurred by this student group are the cost of materials, estimated at $2 per cup (tea, boba, milk, sugar, cups, the big honking straws, napkins, etc.) and the $150 cost of renting the brewing and cooking space. The group will charge students $4 for each cup.a. Write down the associated cost, revenue, and profit functions. b. How many cups of boba must they sell to break even?c. What profit (or loss) results from the sale of 50 cups?
2. Cost of a Hybrid Vehicle You may have wondered what the break-even point is for purchasing a hybrid vehicle if you paid in cash (no interest). Below is data for two models of Honda Civic bases on $4.00 per gallon gas prices. Base Price ($) Cost/Mile ($) Civic Hybrid 22,600 $0.095 Civic Ex $18,710 240.14 Source greencar.com a. Find the cost function for each car, as a function of miles driven x. b. Determine the break-even miles. This represents the number of miles you would need to drive the hybrid before it becomes the cheaper alternative.
Please answer C. and D. Palisades Eco-Park is a small ecological reserve that admits a relatively small number of visitors on any day, but provides both educational and entertaining lectures, exhibitions, and opportunities to observe nature. The company has collected the following data on labor costs and number of visitors to the park over the last 30 months. Month Labor Cost Visitors 1 $ 25,820 1,700 2 $ 36,290 2,592 3 $ 39,968 2,811 4 $ 31,648 2,222 5 $ 34,809 2,373 6 $ 32,672 2,181 7 $ 32,023 2,205 8 $ 38,334 2,676 9 $ 38,568 2,760 10 $ 46,933 3,572 11 $ 42,157 2,976 12 $ 39,030 2,804 13 $ 34,444 2,415 14 $ 33,173 2,336 15 $ 36,971 2,508 16 $ 26,500 2,099 17 $ 30,663 3,397 18 $ 29,961 2,786 19 $ 27,590 2,412 20 $ 30,003 2,972 21 $ 25,692 2,000 22 $ 24,655 1,794 23 $ 28,892 3,267 24 $ 30,153 3,817 25 $ 28,119 2,592 26 $ 31,690 3,274 27 $ 28,651 2,989 28 $ 29,927 3,050 29 $ 28,438 2,511 30 $ 27,874 2,075…
Use the following price information for selected items for 2010 and 2018. Production figures for those two periods are also given. Price Quantity Item 2010 2018 2010 2018 Aluminum (cents per pound) $ 0.82 $ 0.86 1,000 1,200 Natural gas $ per million BLA 4.37 2.99 5,000 4,000 Petroleum (barrel) 71.21 58.15 60,000 60,000 Platinum (troy ounce) 1,743.60 1,292.53 500 600 Determine Fisher's ideal index for 2018 using 2010 as the base period. (Round your answer to 2 decimal places.)
The data below have been taken from the cost records of the Halifax General Hospital. The data relate to the costs of admitting patients at various levels of patient activity: Month Number of Patients Admitting Admitted Department CostsMay..................................................................... 3,600 $ 29,400June .................................................................... 3,800 $ 28,700July ...................................................................... 2,900 $ 27,400August ................................................................ 3,200 $ 28,000September .......................................................... 3,300…
f. Calculate the equilibrium price and quantity for Windies jerseys.
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use the given data on the societal cost of crashes and the approximate U.S. population of 325 million to calculate the average social cost per person. U.S. Data (2016 estimates): Car Crash fatalities = 40,200; Car Crash injuries = 4.6 million; cost to society = $430 billion. (source: National Safety Council.) • Global Data (estimated); car crash fatalities = ≈ 50 million; car crash fatalities with victim's underage 45 ≈ 400,000. (Source: Association Safe International Road Travel.) About how often (once every x minutes or x seconds) on average is a person killed in a car crash in the United States? How often is a person injured in a car crash. The answer to this question is about once every 13 minutes; about once every 7 seconds. use the given data on the societal cost of crashes and the approximate U.S. population of 325 million to calculate the average social cost per person. The answer to this is about $1,320 per person. I forgot to put this so the answer can be solved. I…

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