1. An artist agreed to prepare portraits of 100 celebrities in 200 days at a price of R500 per portrait. Fifty days later, artist finished 21 portraits with an actual total cost of R11,400. What is the Daily Planned Production in order to meet the deadline? (give your answers in portraits per day): 0.5

1. An artist agreed to prepare portraits of 100 celebrities in 200 days at a price of R500 per portrait. Fifty days later, artist finished 21 portraits with an actual total cost of R11,400. What is the Daily Planned Production in order to meet the deadline? (give your answers in portraits per day): 0.5

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

See similar textbooks

Similar questions

A contractor estimates maintenance costs for a new backhoe to be $500 for the first month with a monthly increase of 0.75%. The contractor can buy a 4-year maintenance contract for $20,000 at any point. If the contract is purchased at the same time as the backhoe is purchased, the dealer has offered a 10% discount. Use i = 1% per month. What should the contractor do?
(b) List of Accounts Assume that John William has reviewed his work schedule and decided that it makes sense to complete this project on time. Assuming that he now believes that the probability for completing the project on time is 93% and otherwise it will be finished 1 week late, determine the transaction price. Transaction price Attempts: 2 of 3 used $
A building constructor has a contract which will expire in 50 days. He has 80 men on the job and can finish the job in 80 days. The wage per day of 40 men is P800.00 each and that of the other 40 men is P500.00 each for 8 hours work per day. The fine or liquidated damages for delay in the work is P15,000.00 per day. How many more men should the contractor add in order to enable him to complete the work on time? Assuming that the additional men to be added will be paid P500.00 per day, will the contractor save money by employing enough men for him to complete the work on time or by not adding more men and paying the fine? How much is the savings, if any? No overtime work is permitted
A bill for duct insulation and furnace filters is $237.15 with the notation 2%10/Net 30. How much is saved by paying the bill within 10 days?
i need to find the average cost per unit? if : the machine to produce the units cost $400,000 the monthly operating and maintenance cost is: $1,000 cost of material and labour is: $60/unit defective unit at a cost: $60/unit nominal production of: 2,800 units/month nominal defect rate: 3% MARR is 10% compounded monthly period of time 5 years
1. A company is considering opening a new product line. The building being considered will have a monthly lease and utility payment of $3500. Two employees will be hired at $ 15/hr/employee. Each employee will work 120 hrs per month. The average revenue per unit product sold is estimated at $ 100. The variable cost of production of each unit is estimated at $40. a) How many units must be produced each month for the buisness to breakeven? b) How many units must be produced monthly to achieve a monthly profit of $10,000?
The president of a growing engineering firm wishes to give each of 20 employees a holiday bonus. How much needs to be deposited each monthfor a year at a 12% nominal rate, compounded monthly, so that each employee will receive a $2,500 bonus? a. $2,070 b. $3,840 c. $3,940 d. $4,170.
Assume that Jeff Heun has reviewed his work schedule and decided that it makes sense to complete this project on time. Assuming that he now believes that the probability for completing the project on time is 95% and otherwise it will be finished 1 week late, determine the transaction price. Transaction price $enter the transaction price in dollars
3. The guaranteed wage for the production of 25 units of chairs P 12,500 per day. Compute the gross pay if Anna finished 45 units?
Al Khaleej Inc. needs 400 kgs of a material per month. It costs RO 100 to make and receive an order, and it takes 12 workdays to receive it Ihe annual holding cost is 15 % of purchase price. The price RO 1 per kg. The company is operating 6 workdays per week in a 52-week year. At what quantity in kgs you may place a new order? Round-up to the nearest integer Select one: O a. 185 O b. 247 Oc 2// Od. 154 O e. None is correct
Al Khaleej Inc. needs 440 kgs of a material per month. It costs RO 100 to make and receive an order, and it takes 12 workdays to receive it. The annual holding cost is 15 % of purchase price. The price RO 2 per kg. The company is operating 6 workdays per week in a 52-week year. What is the expected time (in weeks) between order? Round-up to the nearest integer Select one: a. 185 b. None is correct O c. 105 O d. 111 e. 207
A camera manufacturer spends $8,000 for facilities per month and it costs $75 to produce each camera. How many cameras must the manufacturer produce each month to have an average cost per unit of $100?