Response:
A. 0.75
Clarification:
The calculation for the capacity utilization rate is illustrated as follows:
= Actual output ÷ optimal operating level output
= 300 units ÷ 400 units
= 0.75
This value represents the proportion of actual output to the optimal operating level output that reveals the correct rate.
Additionally, it establishes a connection between the actual output and the optimal operating level output
Answer:
Unit cost = $23
Explanation:
Given the data:[[@[TAG_12]]][[@[TAG_13]]][[@[TAG_14]]][[@[TAG_15]]][[@[TAG_16]]][[@[TAG_17]]][[@[TAG_18]]][[@[TAG_19]]][[@[TAG_20]]][[@[TAG_21]]][[@[TAG_22]]][[@[TAG_24]]][[@[TAG_25]]][[@[TAG_26]]][[@[TAG_27]]][[@[TAG_28]]][[@[TAG_29]]][[@[TAG_30]]][[@[TAG_31]]][[@[TAG_32]]][[@[TAG_33]]][[@[TAG_34]]][[@[TAG_35]]][[@[TAG_36]]][[@[TAG_37]]][[@[TAG_38]]](Direct materials = $10 per unit
Direct labor = $6 per unit
Variable overhead = $70,000
Units produced = 10,000
Utilizing variable costing, unit production costs encompass direct material, direct labor, and variable overhead costs per unit.
Firstly, we calculate the variable overhead per unit:
[[TAG_59]][[TAG_60]][[TAG_61]][[TAG_62]]Variable overhead per unit = 70,000 / 10,000 = $7[[TAG_63]][[TAG_64]]Now, we compute the total unit cost:[[TAG_65]][[TAG_66]][[TAG_67]][[TAG_68]][[TAG_69]][[TAG_70]]Unit cost = direct material + direct labor + variable overhead per unit[[TAG_71]][[TAG_72]][[TAG_73]]Unit cost = 10 + 6 + 7 = $23[[TAG_74]]
Response:
C. Locate a lender that is prepared to provide FHA loans.
Explanation:
The FHA loan program was established by the U.S. government to make home ownership more accessible for citizens. To qualify, the minimum credit score required is 500, with a down payment of 3.5% for scores of 580 or above, and 10% for scores between 500 and 579. Additionally, mortgage insurance must be acquired, and the proposed property must comply with FHA standards.
However, it is not within his control to find a lender offering FHA loans, as the lender must be sanctioned by the Federal Housing Administration. He can only secure a loan from a financial institution approved by the FHA.
Answer: Distinctive competence
Explanation: Distinctive competencies refer to specific attributes that uniquely differentiate a person, company, or organization from its competitors. These qualities make it challenging for consumers to swap these services for another, while competitors often find them hard to replicate. Such features typically foster success, enhance customer loyalty, and provide an advantage over rivals. This concept is termed distinctive competence, indicating services available only from one entity or very few. In the context provided, Gadgetbug demonstrates distinctive competence through its exceptional after-sale customer service, which competitors struggle to equal.
Answer:
Total hours worked = 17,550 hours
Explanation:
Labour hours efficiency variance = labour efficiency variance/standard labour cost per hour
The hourly standard labour cost = $24
= 1,200/24= 50 hours
Labour variance (in hours) = Actual labour hours - Standard hours for actual units produced
The standard labour hours allowed for the production of 875 cranes is:
= 20 × 875 = 17,500 hours
Let the actual hours be "y"
50 = y - 17500
y = 50 + 17500
y= 17,550 hours
Total hours worked = 17,550 hours
