Timeless Pte Ltd a watch manufacturer. The following table shows the costs incurred in July where...
Fantastic news! We've Found the answer you've been seeking!
Question:
Transcribed Image Text:
Timeless Pte Ltd a watch manufacturer. The following table shows the costs incurred in July where 1,500 watches were manufactured and sold. The production workers are paid $70 for every watch manufactured. Raw material used Production workers' wages Factory rental Administrative staff salary Total costs Raw materials used Production workers' wages Factory rental (a)Suppose the company intends to manufacture and sell 1,800 watches. Determine the costs by filling in the following table. Administrative staff salary Total costs Costs Raw materials used Production workers' wages Factory rental $69,000 $105,000 $14,000 $28,000 $216,000 Administrative staff salary Total costs (b)Suppose the company intends to manufacture and sell 700 watches. Determine the costs by filling in the following table. Costs Costs Timeless Pte Ltd a watch manufacturer. The following table shows the costs incurred in July where 1,500 watches were manufactured and sold. The production workers are paid $70 for every watch manufactured. Raw material used Production workers' wages Factory rental Administrative staff salary Total costs Raw materials used Production workers' wages Factory rental (a)Suppose the company intends to manufacture and sell 1,800 watches. Determine the costs by filling in the following table. Administrative staff salary Total costs Costs Raw materials used Production workers' wages Factory rental $69,000 $105,000 $14,000 $28,000 $216,000 Administrative staff salary Total costs (b)Suppose the company intends to manufacture and sell 700 watches. Determine the costs by filling in the following table. Costs Costs
Expert Answer:
Answer rating: 100% (QA)
a To determine the costs if the company intends to manufacture and sell 1800 watches we need to calculate the cost per watch first Total costs Raw mat... View the full answer
Related Book For
Essentials of Business Analytics
ISBN: 978-1285187273
1st edition
Authors: Jeffrey Camm, James Cochran, Michael Fry, Jeffrey Ohlmann, David Anderson, Dennis Sweeney, Thomas Williams
Posted Date:
Students also viewed these accounting questions
-
Boris Bottlemore has just finished celebrating his new job promotion by consuming ten double shots of bourbon in a bar near his home. He staggers from the bar to his home, which is one of twenty...
-
A company just paid a dividend of $1.95 per share, and that dividend is expected to grow at a constant rate of 5.5% per year in the future. The company's beta is 1.65, the market risk premium is...
-
Madison's 401(k) has a current total value of $13,000. The vested portion of her 401(k) is equal to $8,000. Based on this information, and assuming that the plan offers loans and she currently does...
-
Prepare journal entries to record each of the following transactions. The company records purchases using the gross method and a perpetual inventory system. June 1 9 Purchased merchandise with a...
-
For the unit step response shown in figure estimate the following models using graphical methods: (a) First-order-plus-time-delay. (b) Second-order using Smiths method and nonlinear regression. Plot...
-
Kam Ltd has the following equity balances at the end of June 2022. Share Capital A 100,000 shares issued at $5 paid to $2.6 Share Capital B 100,000 shares fully paid @ $4 Total $260,000 400,000...
-
Indicate the specific internal accounting control objectives in (a) hiring, (b) preparing the payroll, and (c) paying the payroll.
-
Medidata Inc. has identified three risk opportunities for their new medical database project. One is an opportunity to extend the database to include doctors as well as hospitals. This has a...
-
2) Tomlinson Furniture has a single lathe for turning the wood for various furniture pieces, including bedposts, rounded table legs, and other items. Four forms are turned on the lathe and produced...
-
1. Cost out these packages given the data in Exhibits 1 and the information obtained from various insurance carriers and other information sources (Exhibit 4). Exhibit 1: Current compensation costs...
-
on 1 Study of 400 patient in a Wuhan city revealed that if they visited the et popular bat market the sample in this study is red d out of Select one: O a. all the people in Wuhan city 9 question O...
-
Michelin is considering going lights-out in the mixing area of the business that operates 24/7. Currently, personnel with a loaded cost of \($600,000\) per year are used to manually weigh real...
-
Perform a Web search on Modigliani-Miller Theorem and write (copy), in one or two sentences, the essence of their theory. This may best be done by looking at the Wikipedia summary.
-
A manufacturing system for fabricated metal products is purchased for \($800,000\) in the middle of the fiscal year. The estimated salvage value after 10 years is \($130,000. a. \) What is the...
-
A granary is considering a conveyor used in the manufacture of grain for transporting, filling, or emptying. It can be purchased and installed for $70,000 with $3,000 salvage value after 16 years....
-
Production equipment used in the bottling of soft drinks (MACRS-GDS, 10-year property) is purchased and installed for \(\$ 630,000\). What is the depreciation deduction in the fourth year under...
-
Considering the globalization of financial markets and how different our world is now compared to even 25 years ago. How useful can historical returns going back 50 to 80 years. To the investor as a...
-
A sprinkler head malfunctions at midfield in an NFL football field. The puddle of water forms a circular pattern around the sprinkler head with a radius in yards that grows as a function of time, in...
-
Consider the following time series data: a. Construct a time series plot. What type of pattern exists in the data? b. Use a multiple regression model with dummy variables as follows to develop an...
-
Resorts & Spas, a magazine devoted to upscale vacations and accommodations, published its Readers Choice List of the top 20 independent beachfront boutique hotels in the world. The data shown are the...
-
Consider the stock return scenarios for Apple Computer (APPL), Advanced Micro Devices (AMD), and Oracle Corporation (ORCL) shown in the following table: a. Develop the Markowitz portfolio model for...
-
(a) Describe the effect of temperature on the equilibrium constant. (b) Industrial \(\mathrm{CH}_{3} \mathrm{OH}\) is prepared according to the reaction \[ \mathrm{CO}(\mathrm{g})+2...
-
Under atmospheric conditions the acetone-chloroform azeotrope boils at \(64.6^{\circ} \mathrm{C}\) and contains 33.5 mole per cent acetone. The vapour pressures of acetone and chloroform at this...
-
Explain in detail, with neat sketch, the working principle of a fuel cell in producing electrical energy from the chemical energy of a fuel.
Study smarter with the SolutionInn App