Insurance cost is to be distributed among manufacturing, selling, and administration in the ratio 5/8 to 1/3

Question:

Insurance cost is to be distributed among manufacturing, selling, and administration in the ratio 5/8 to 1/3 to 1/6. If the total insurance cost was $9450, how should it be distributed?

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For book-img-for-question

Contemporary Business Mathematics with Canadian Applications

ISBN: 978-0133052312

10th edition

Authors: S. A. Hummelbrunner, Kelly Halliday, K. Suzanne Coombs

See More Books

Question Posted: Feb 26, 2016 03:22 AM

See More Questions

In the prior period, 10,000 units were produced and 9,000 were sold; revenue was $1,800,000; and fixed costs were $500,000 for manufacturing and $300,000 for selling and administration. Variable...
Use the information from Exercise 17.24. The production variable cost ($40,000) includes $25,000 in direct materials and $15,000 in direct labour. Required: A. Using the throughput costing method,...
The following events apply to Holmes Manufacturing Company. Assume that all transactions are cash transactions unless otherwise indicated. Transactions for the 2014 Accounting Period 1. The company...
Requests are not usually uniformly distributed. For example, a cylinder containing the file system FAT or in odes can be expected to be accessed more frequently than a cylinder that only contains...
Explain the difference between an occurrence policy and a claims-made policy.
A light spring that obeys Hookes law has an unstretched length of 0.250 m. When an object of mass 2.0 kg is hung from the spring the length of the spring becomes 0.280 m. When the object is fully...
The velocity profile for turbulent flow in circular pipes is often approximated by the $1 / 7$ thpower law: \[\bar{v}_{z}=v_{\max }(1-r / R)^{1 / 7}\] Find an expression for the cross-sectionally...
Hybrid cars are touted as a green alternative; however, the financial aspects of hybrid ownership are not as clear. Consider the 2010 Lexus RX 450h, which had a list price of $5,565 (including tax...
1. Using MATLAB, plot the three elements of the strain vector when the above material is oriented at (1) 0 and (2) at 30. This is accomplished by incrementally applying stress (i.e., 5 psi, 10 psi,...
Jimmy owns a garden in which he has planted N trees in a row. After a few years, the trees have grown up and now they have different heights. Jimmy pays much attention to the aesthetics of his...
The cost of operating the Maintenance Department is to be allocated to four production departments based on the floor space each occupies. Department A occupies 1000 m2 Department B, 600 m2;...
Executive salaries are charged to three operating divisions on the basis of capital investment in the three divisions. If the investment is $10.8 million in the Northern Division, $8.4 million in the...
Briefly describe the types of information that the following resources provide. a.Stockholders report b.Comparative data sources c.Standard & Poors Corporation d.Mergent e.Value Line Investment Survey
Below are six descriptions of internal control problems. In the space to the left of each description, enter the code letter of the internal control principle that is most related to the problem...
Describe horizontal analysis. Describe vertical analysis. What is each technique used for? How are the two methods similar? How are they different?
Suppose a company has a relatively high inventory turnover. What does the high inventory turnover indicate about the companys short-term liquidity?
How is the current ratio calculated? What is it used to measure? How is it interpreted?
What are financial budgets? List at least three financial budgets.
Find the distance in the following cases: (a) From the point (2, 1) to the line 4x 3y + 15 = 0 (b) From the point (3, 2) to the line 4x y + 2 = 0. (c) From the point (1, 3) to the line 4x + 2y = 0.
Feller Company purchased a site for a limestone quarry for $100,000 on January 2, 2019. It estimate that the quarry will yield 400,000 tons of limestone. It estimates that its retirement obligation...
Solve each of the following equations for the indicated variable. FV = PV(1 + i) n for n
Simplify. [(-4) 3 ] 6
Simplify. a 4 a 10
Can social norms be understood as emergent properties of social interactions, reflecting negotiated agreements among members of a society regarding acceptable behavior and moral standards?
A quantitative portfolio manager is very good at managing against the Russell 2000 Index. In fact, she is expected to achieve an B of 0.5% per month. Unfortunately, her benchmark is the S&P 500. She...
Suppose that a QEPM department hires a new quantitative equity portfolio manager to manage one of its portfolios. Suppose that the portfolio managers benchmark is the S&P 500, with a Sharpe ratio of...

Insurance cost is to be distributed among manufacturing, selling, and administration in the ratio 5/8 to 1/3

Question:

Step by Step Answer:

Ratio 58 13 16 15 8 4 Total number o...View the full answer

Contemporary Business Mathematics with Canadian Applications

Students also viewed these Finance questions