Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Victoria Corporation manufactures quality vases. Budgeted sales and production data for the vases are as follows Month 1 budgeted unit saies Month 2 budgeted unitl

image text in transcribed

Victoria Corporation manufactures quality vases. Budgeted sales and production data for the vases are as follows Month 1 budgeted unit saies Month 2 budgeted unitl sales Month 3 budgeted unit saies Month 1 budgeed unit production Month 2 budgeted unitl production Month 3 budgeted unit production Raw material required for each finished unit (n pounds) 200 2.400 4,000 2.100 3.400 ,900 Each vase regres cne pound of day inns factre Victoria Corporation has a polcy that the mentory of clay at the end oeach month needs to be equal to 3 % of the production needsforthe folowing month Atthe begn ing of January 630 pounds of clay were in inventory. How many pounds of clay would Victoria Corporation need to purchase in February (Month 2)? B. 2.250 O c. 3,550 O D. 4,050 The following data relates to a project, Light Bulb Project, that Logan Electric Division's manager is considering for investment: Light Bulb Project sales Light Bulb Project operating income Light Bulb Project total assets $7.200,000 $720,000 $4,000,000 Corporate target rate of retum 20% What is the Light Bulb Project's Return on Investment (ROI) and if the corporation uses ROI to evaluate its division managers what would be the Logan Electric Dvision manager's decision? A. B. C. D. 10.00% and accept the project 180.00% and accept the project 13.00% and reject the project 18 00% and reject the project Whistle Works manufacturers safety whistle keychains. They have the following information available to prepare their master budget: MOH Costs $1.25 per unit Variable MOH Costs Fixed MOH Costs Other Info: Units produced in 2016 Units sold in 2016 42,000 40,500 Whistle Works sells each whistle for $12. It's been determined that each unit costs $7.25 to manufacture. How much is total budgeted MOH costs for the year ended 2016? O A. $103,125 O B. $225,000 OC. $275.625 O D. $277,500 Whiste Works manufacturers safety whistie keychains. Thoy have the following information avalable to prepare their master budget Unit Sales October 3.500 3.750 4.200 Whistle works sells each whistle for $12. They have a desired end ne tory for production of 20% of the next month's b dgeted sales in units How many units does whiste works need to produce in November? OA. 46.680 units OB. 3,890 units O C. 3,840 units O D. 3,660 units Byer, a plastics processot is considering the purchase of a high- speed extruder as one option. The new extruder would cost $52,000 and would have a residual value of $3,000 at the end of its 6-year Ife. The annual operating expenses of the new e truder would be $5.000 The other opton that Byer has toreb Id its enst gert der therebuling would require ann esment of$20.000 and would extend Me of the ousting en uder by 6 years. The existing a tr der has an al operaing costs of $13,000 per year and does not have aresdal val e Byscount fate14%. Using net presert value analysantich opion is the beter opion and by how much? (Click the icon to view the present wake of $1 table.) (Click the icon to view the present value of ann ty of $1 table) O A. Better by $480 to purchase new etruder O B. Better by $888 to rebuild exising ectruder C. Better by $888 to purchase new extruder D. Better by $480 to rebuild existing exruder

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Introduction To Actuarial Science

Authors: John James Hardy

1st Edition

1332733697, 978-1332733699

More Books

Students also viewed these Accounting questions

Question

How much is $900 after a decrease of 90%?

Answered: 1 week ago

Question

Were the participants sensitized by taking a posttest?

Answered: 1 week ago

Question

What is the typical process of friendship development?

Answered: 1 week ago