Best Shingle's budgeted manufacturing costs for 50,000 squares of shingles are:
Fixed manufacturing costs $12,000
Variable manufacturing costs $16.00 per square
Best produced 40,000 squares of shingles during March. How much are budgeted total manufacturing costs in March?
a) $640,000
b) $812,000
c) $800,000
d) $652,000
d) $652,000
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Peter invests $100,000 in a 3-year certificate of deposit earning 3.5% at his local bank. Which time value concept would be used to determine the maturity value of the certificate?
a. Present value of one. b. Future value of one. c. Present value of an annuity due. d. Future value of an ordinary annuity.
Jackson Manufacturers has provided the following information regarding the two products that it sells
Jet Boats Ski Boats Sales price per unit $10,000 $24,000 Variable cost per unit $4,800 $18,000 Annual fixed costs are $300,000. How many units must be sold in order for Jackson to break even, assuming that Jackson sells five jet boats for every two ski boats sold? (Round any intermediate calculations to two decimal places, and your final answer to the nearest unit.) A) 7 jet boats and 8 ski boats B) 39 jet boats and 16 ski boats C) 16 jet boats and 39 ski boats D) 8 jet boats and 7 ski boats