Basic flexible budgeting Centron, Inc., has the following budgeted production costs: |Direct materials |$0.40 per unit | |Direct labor |1.80 per unit | |Variable factory overhead |2.20 per unit | |Fixed factory overhead | |Supervision |$24,000 | |Maintenance |18,000 | |Other |12,000 | The company normally manufactures between 20,000 and 25,000 units each quarter. Should output exceed 25,000 units, maintenance and other fixed costs are expected to increase by $6,000 and $4,500,
The investment for a new plant is 70 million dollars. If an entrant company has about 10% of the share (compared to the incumbent share of 35%) the profit for the company will be about 2 M. Ignoring the discount rate, it will take about 35 years to recover the cost of the new plant. This shows that the industry is capital intensive and it will be not an easy decision for a company to enter this industry. Additionally the plants are a scale intensive investment. For a 250 million sq ft plant the rate per square feet comes to 0.25 whereas for an 80 million sq ft facility this rate is 0.43.
cost per hire | Sales Department | Increase revenue | Avg. Purchase Value | QC Department | Decrease Waste | Reject Ratio | Transportation Department | To increase efficiency of fuel usage | Fuel Usage/ton/km | Maintenance Department | Work Identification | % Available man hours used in proactive work | 2. Janice owns the Cute Cut Salon. She employs five stylists and pays each a base salary of $1,500 per month. One of the stylists serves as the manager, receiving an extra $500 per month.
The annual direct costs of operation per prisoner, excluding such indirect costs as administration, medical, and court costs, start at $20,000. That would put the direct operating costs at nearly $90 million per year for Ballot Measure 11 prisoners. Prisons cost so much, in part, because they require permanent walls and twenty-four-hour guards (Whitelaw). We see that this affects us all not just by having to split the bill, yet we are not at all trying to reform
At its current level of production, a profit-maximizing firm in a competitive market receives $12.50 for each unit it produces and faces an average total cost of $10. At the market price of $12.50 per unit, the firm's marginal cost curve crosses the marginal revenue curve at an output level of 1000 units. What is the firm's current profit? What is likely to occur in this market, and why? A) Profit = (12.50 – 10) X 1000 = $2500.
Don't forget that these workers would be working overtime. (4 points) 2. A team of five laborers in Indonesia working in a garment factory divides the task of making men's dress shirts for export to the United States. Each laborer works 10 hours a day, six days a week, and is paid the Indonesian minimum wage of $2.50 per day. In one week, the team can make 500 shirts.
4. Norton Co., a U.S. corporation, sold inventory on December 1, 2011, with payment of 10,000 British pounds to be received in sixty days. The pertinent exchange rates were as follows: What amount of foreign exchange gain or loss should be recorded on January 30? A. $1,516 gain.
,Sarah L. G January 6, 2013 Written Assignment #1 1. A) $1,000 with 5% interest after 10 years gives you $1,628. Therefore, you would gain $628 in interest. B) If the interest is withdrawn each year, a total of $500 would be earned because the $1,000 investment would earn $50 of simple interest each year. C) The answers are different because if the interest is left untouched, it makes the principal amount higher each year, giving more money after 10 years.
This means that during the decade long agreement, players would be paid a guaranteed 2 billion dollars league wide. This was a slight decline from the old collective bargaining agreement which paid the players 2.17 billion over that same time frame. The decline seems modest but over a ten year period, the owners felt that they could benefit from the extra income. The second step the owners asked for was to reduce the length of the players contracts. Owners want the players to only be able to sign for 3 years if they are signing with new teams.
That means the other 88 percent of beneficiaries “include a wide cross section of families with children, couples, and others” (Furman, 2012, p. 1). The value of the minimum wage adjusted to inflation is also about 20 percent less than it was when Ronald Reagan first became president in 1981 (Furman, 2012). Currently, 19 million people are working for less than $10.10 an hour, while nearly 50 million are living below the poverty line (Furman, 2012). The minimum wage isn’t properly adjusted to inflation, therefore putting much more of a financial burden on minimum-wage working citizens. With rent averaging roughly $1,230 a month, you wonder how people could possibly live working for the current federal minimum wage (Glink,