The cost of a unit is made up of $4.25 direct material cost, $2.75 direct labour cost,

Question:

The cost of a unit is made up of $4.25 direct material cost, $2.75 direct labour cost, and $3.25 overhead. What is the ratio that exists between the three elements of cost?

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

A student spends 20 hours per week in classroom lecture time, 45 hours per week in individual study time, and 5 hours per week travelling to and from school. What is the ratio that exists between the...
The Wellesley Corporation makes printed cloth in two departments: Weaving and Printing. Direct material costs are Wellesleys only variable costs. The demand for Wellesleys cloth is very strong....
The Wellesley Corporation makes printed cloth in two departments: Weaving and Printing. Direct material costs are Wellesley's only variable costs. The demand for Wellesley's cloth is very strong....
Write a Summary of Tartuffe the Norton anthology of western literature.
A workers compensation policy contains several coverages. Briefly explain each of the following coverages: a. Part One: Workers Compensation Insurance b. Part Two: Employers Liability Insurance c....
Maria Cantu had a teaching contract with the San Benito Consolidated Independent School District. She hand-delivered to her supervisor a written offer to resign. Three days later, the superintendent...
Show that Eqs. (12.6) and (12.7) are equivalent.
Tabulation and Interpretation of Survey Results Your business communication class at South Bay College was asked by the college bookstore manager, Harry Locke, to conduct a survey. Concerned about...
The expected EPS of a company for the current year is $10. In the industry the standard P/E Patio is 20. What is the best est share price? Should the share be purchased? Select an answer and submit....
Ryan, Dahir, and Bill have operated Broken Feather LLC for the last four years using a calendar year-end. Each has a one-third interest. Since they began operating, their busy season has run from...
Use equivalent ratios in higher terms to eliminate decimals and fractions from the following ratios (a) 1.25/4 (b) 2.4/8.4 (c) 0.6 : 2.1 : 3.3 (d) 5.75 : 3.50 : 1.25 (e) : 2/5 (f) 5/3 : 7/5 (g) 2/8...
A company employs 6 supervisors for 9 office employees and 36 production workers. What is the ratio of supervisors to office employees to production workers?
For the following exercises, find all complex solutions (real and non-real). x 3 + 13x 2 + 57x + 85 = 0
How do cognitive biases such as confirmation bias, anchoring, and the availability heuristic influence the quality of decision-making within complex organizational contexts ?
What role do cognitive biases, such as confirmation bias and anchoring, play in perpetuating conflict, and how can awareness of these biases facilitate more effective conflict resolution strategies?
Were you surprised by the results? Do you agree with the results? How can you use this knowledge of your personal biases to inform your management strategies? How can the identified biases impact...
what ways do existing power structures perpetuate social stratification, and what are the socio-political ramifications of these dynamics ?
How do feedback loops and reflective practices contribute to continuous improvement and the refinement of teamwork dynamics over time ? Explain
Andrew acquired a set of six dining chairs in January 2013 for 1,300. In March 2020 he sold three of the chairs to a friend for 5,200 (the other three chairs also being valued at 5,200 at that time)....
Dawson Companys balance sheet information at the end of 2019 and 2020 is as follows: Additional information: The company did not issue any common stock during 2020. Required : Next Level Fill in the...
You happen to be checking the newspaper and notice an arbitrage opportunity. The current stock price of Intrawest is $20 per share and the one-year risk-free interest rate is 8%. A oneyear put on...
Evaluate each of the following. [1 (1.01) -20 ]/0.01
Compute each of the following. Evaluate the value of i 1453.36 = 800.00(1 + i) 60
Addition and subtraction. Simplify. 142 x 1+ 0.052X 365 91 1 + 0.052 X 365
Just work out the assignment on your own sheet, you dont need the excel worksheet. Classic Coffee Company Best friends, Nathan and Cody, decided to start their own business which would bring great...
Financial information related to the proprietorship of Ebony Interiors for February and March 2019 is as follows: February 29, 2019 March 31, 2019 Accounts payable $310,000 $400,000 Accounts...
(b) The directors of Maureen Company are considering two mutually exclusive investment projects. Both projects concern the purchase of a new plant. The following data are available for each project...

The cost of a unit is made up of $4.25 direct material cost, $2.75 direct labour cost,

Question:

Step by Step Answer:

Direct materia...View the full answer

Contemporary Business Mathematics with Canadian Applications

Students also viewed these Finance questions