Lamar has the following data: Selling Price$40 Variable manufacturing cost$22 Fixed manufacturing cost$150,000per monthVariable selling & administrative costs$6 Fixed selling & administrative costs$120,000per monthHow many units must Lamar produce and sell in order to achieve a profit of $30,000 per month?
A. 25,000 units.
B. 15,000 units.
C. 8,824 units.
D. 10,000 units.
Answer: A
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Which statement is not true about partial regression coefficients?
A) The combined effects of X1 and X2 on Y are additive. In other words, if X1 and X2 are each changed by one unit, the expected change in Y would be (b1 + b2). B) The beta coefficients are the partial regression coefficients obtained when all the variables (Y, X1, X2...Xk) have been standardized to a mean of 0 and a variance of 1 before estimating the regression equation. C) Partial regression coefficients have an order associated with them. D) Both A and B are not true.
The following information comes from the records of Magno Co. for the current period.a. Compute the overhead controllable and volume variances. In each case, state whether the variance is favorable or unfavorable.b. Prepare the journal entries to charge overhead costs to work in process and the overhead variances to their proper accounts.Actual costs and quantities:? Direct materials used ………………………...38,000 feet @ $6.20 per foot Direct labor hours used ………………………50,660 hours Direct labor rate per hour …………………….$16 Factory overhead …………………………….$211,600 25,000 units were produced during the period.???Standard costs and quantities per unit:? Direct materials
……………………………….1.5 ft. @ $6.10 per ft. Direct labor ……………………………………2 hours @ $17 per hourFactory overhead (based on budgeted production of 24,500 units)Variable overhead $2.25/direct labor hourFixed overhead $1.95/direct labor hour What will be an ideal response?
Consider a work center with a demand rate of 20 parts per hour and using a container that can hold 5 parts. It is estimated that the container takes 30 minutes to cycle through the work cell. Assume a safety stock level of 10 percent. What is the value of T for this system?
a. 5 b. 0.5 c. 0.1 d. 20
Which of the following is characterized by the absence of managerial responsibilities?
A. development work groups B. traditional work groups C. transactional teams D. project teams E. management teams