Answer: $465,000
Explanation:
Activity-based costing (ABC) is employed to determine the total expenses associated with activities necessary for product creation. In an ABC system, each activity related to production is allocated a corresponding cost.
From the information in the question, the following deductions can be made:
Machining costs:
= 299,000/13,000 × 7,000
= 23 × 7,000
= $161,000
Machine setup costs:
= 240,000/400 × 150
= 600 × 150
= $90,000
Cost for product design:
= 80,000/2
= $40,000
Order size costs:
= 290,000/10,000 × 6,000
= 29 × 6,000
= $174,000
Total expenses = $161,000 + $90,000 + $40,000 + $174,000
= $465,000
Thus, the total overhead cost associated with Product H27T comes to $465,000.
Answer:
Dow Jones Industrial Average on May 30, 2017:
As stated on valueline.com, on May 30, 2017, the Dow Jones Industrial Average concluded at 21029.47, reflecting a decrease of 50.81.
Closing index = 21029.47
minus the decline = 50.81
Opening index = 21080.28
This indicates that the opening figure was 21080.28.
Explanation:
The Dow Jones Industrial Average tracks the stock performance of 30 significant companies listed on U.S. stock exchanges. This is classified as a stock price index, alongside the S&P 500 and NASDAQ.
The opening index reflects the average price at the start of the trading day before any trades occurred. Throughout the trading period, prices likely fluctuated with various movements. By the trading day's conclusion, the closing price recorded was 21029.47, with a downward change of 50.81.
From this closing index data, one can deduce that the opening price exceeded the closing price by 50.81 or approximately 51 basis points.
Answer:
a. There was no breach of the law of demand since your product preference changed after trying the service.
Explanation:
Consumer tastes and preferences significantly influence demand. A person's inclination towards a product determines whether they desire more or less of it, affecting overall demand.
Your preference shifted in favor of the Uber ride over driving yourself, justifying your willingness to pay a higher price, thereby upholding the law of demand.
The suitable reply consists of well-structured selections. Such choices may vary between organized and chaotic. Notably, organized options follow a clear method for problem-solving and possess the necessary information to make decisions.
Answer:
4.88%
Explanation:
To determine the interest rate, use the formula:
r=(FV/PV)^(1/n)-1, where
r=interest rate
FV= future value= 423.17*(12*5)=423.17*60=$25,390.2
PV= initial amount= $20,000
n= time periods= 5
Substituting the values into the equation yields:
r=(25,390.2/20,000)^(1/5)-1
r=1.048-1
r=0.0488→4.88%
This indicates that the bank's annual interest rate is 4.88%.
