Cost of one processed cow hide

Assignment Help Microeconomics
Reference no: EM13978431

 Profit Calculations (Engineering Cost Analysis II) 

 

Determine the total cost to make one Leather Belt based on the data provided below.  Show all costs per Leather Belt to THREE decimal places

Cost of One Processed Cow Hide = $ 150.00

Average Number of Leather Belts per Cow Hide = 30

Leather Cost for One Leather Belt = Hide Cost divided by Belts per Hide = 

Cost of Thread = $ 0.003 per Leather Belt 

Cost of Fifty Belt Buckles = $20.00

Cost of One Belt Buckle = $20.00 divided by 50 = 

Preprinted Cardboard Box Cost Each = $0.504 per box.

Preprinted Box Cost per Leather Belt = $0.504 divided by 28 = 

Pallet Cost = $82.32 per pallet.

Leather Belts per Pallet from Module Four = 2,352

Pallet Cost per Leather Belt = Pallet Cost divided by Leather Belts per Pallet = 

Annual Payroll Cost for One Employee = $24,000 per year.

Number of Employees (1 Die, 2 Hole Punch, 1 Buckle, 1 Box) = 5 Employees

Annual Payroll Cost per Employee multiplied by 5 Employees =

Annual Output = 15,000 Leather Belts per week multiplied by 50 weeks =

Labor Cost per Leather Belt = Annual Payroll divided by Annual Output =

 Fixed Overhead Cost per Leather Belt = $0.365 per Leather Belt.

 

Variable Overhead Cost per Leather Belt = $0.125 per Leather Belt 

Total Cost Summary per Leather Belt 

 

Cost Category Description

Cost per Leather Belt

Leather Cost per Belt =

 

Thread Cost per Belt =

 

Buckle Cost per Belt =

 

Box Cost per Belt =

 

Pallet Cost per Belt =

 

Labor Cost per Belt =

 

Fixed Overhead Cost per Belt =

 

Variable Overhead Cost per Belt =

 

Grand Total of All the Above Costs =

 

Reference no: EM13978431

Questions Cloud

How tall is the radio tower : A surveyor standing 68 meters from the base of a building measures the angle to the top of the building and finds it to be 40. The surveyor then measures the angle to the top of the radio tower on the building and finds that it is 49. How tall is the..
Analyze shoe sales data : In this project, you will analyze shoe sales data and use what-if analysis to determine your commission potential and your sales goal
How far apart are the planes after four hours : Two airplanes leave an airport at the same time, one going northwest (bearing 135) at 419 mph and the other going east at 342 mph. How far apart are the planes after 4 hours (to the nearest mile)? A) 704 miles B) 2815 miles C) 2210 miles D) 2343 ..
Weighed prior to beginning the diet : The water diet requires one to drink two cups of water every half hour from when one gets up until one goes to bed, but otherwise allows one to eat whatever one likes. Four adult volunteers agree to test the diet. They are weighed prior to beginning ..
Cost of one processed cow hide : Cost of One Processed Cow Hide = $ 150.00 Average Number of Leather Belts per Cow Hide = 30 Leather Cost for One Leather Belt = Hide Cost divided by Belts per Hide =
If a person stands at the end of the shadow and looks up : What is the angle of thperson's eyes to the top of the building (to the nearest hundredth of a degree)? (Assume the person's eyes are 4 feet above ground level.)  A) 80.72 B) 9.28 C) 80.84 D) 81.03
What are the constraints of the problem : What is the objective function? Clearly explain the objective function in Englishand provide the mathematical formulation. What are the constraints of the problem? Clearly explain each constraint in Englishand provide the mathematical formulation
What is the value of the constant b : Consider a liquid drop of mass 83 mg falling with a terminal velocity of 5.9 m/s. Assuming a linear drag force R = bv, where v is the speed of the drop, what is the value of the constant b (in mg/s)?
How much is that energy in joules : Consider nucleus with atomic mass 55.934939 u. It undergoes an alpha (4.002603 u)decay resulting in a daughter nucleus with atomic mass 51.940509 u. How much energy in atomic mass units was expanded during this reaction?

Reviews

Write a Review

 

Microeconomics Questions & Answers

  What will the consumer do to arrive at a new equilibrium

For which types of business organization is unlimited liability going to apply to - a sole proprietorship, a partnership or a corporation? Now explain out of those business organizations, for which one will unlimited liability be the greatest prob..

  Value firms gain by pursuing supply chain management

Discuss the value firms gain by pursuing Supply Chain Management as a business improvement effort. An answer must be presented in complete sentences, written in third person and include at least on in text citation (APA). The answer length must be a ..

  Determine traditional human development index

Assume a country has a life expectancy of 51.5, an adult literarcy rate of 62.6 percent, a combined gross enrollement ratio of 45 percent, and GDP per capita PPP of $853.

  What is the objective of the entrepreneur when it comes to

What is the objective of the entrepreneur when it comes to the use of his or her resources? What is the major function of the middleman? Is the middleman an entrepreneur?

  Explain the difference between absolute advantage and

Explain the difference between absolute advantage and comparative advantage. Which is more important in determining trade patterns, absolute advantage or comparative advantage? Why?

  Information about a hypothetical economy

Consider the following information about a hypothetical economy: C= 12500+ 0.8(Y-T)I= 2000 - 100rG= 2500; T= 3125

  A monopolist has two types of customers there are 100 of

a monopolist has two types of customers. there are 100 of type a who will each pay up tp 10 for a single unit of the

  Question 1 many analysts in both developed and developing

question 1 many analysts in both developed and developing worlds have heavily criticized the cases of monopolies.

  1 what is the rule of 702 nbspare all nations converging to

1. what is the rule of 70?2. nbspare all nations converging to the same level of real gdp per person? briefly discuss

  Suppose the price elasticity of demand for stocks

Suppose the price elasticity of demand for stocks is1.5. This means that for every 10 percent increase in stock prices, the quantity demanded will decline by 15 percent. Does this price elasticity make sense? Explain

  There are two firms in the economy of venus

There are two firms in the economy of Venus. Firm A produces wheat and Firm B produces bread. Firm A sells 10 units of wheat to Firm B at a price of $70/unit. It employs 10 workers at a price of $10 per worker and pays $50 in rents to domestic landow..

  What strategy was avon pursuing until the mid-2000s

What strategy was Avon pursuing until the mid-2000s? What were the advantages of this strategy? What were the disadvantages? What changes did Andrea Jung make in Avon’s strategy after 2005? What were the benefits of these changes? Can you see any dra..

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd