Question

Calculate the total cost of right of way acquisition from the information below: Right of Way...

Calculate the total cost of right of way acquisition from the information below:

Right of Way Type

Unit Cost per acre

Acres

Total Cost

Undeveloped

$9,970

Forest

$162,140

Historic

$1,250,000

Habitat

$300,000

Homework Answers

Answer #1

Solution:- the values given in the question are as follows:

Right of way type Unit cost per acre
Undeveloped $9,970
Forest $162,140
Historic $1,250,000
Habitate $300,000

Total cost of right of way=undeveloprd area*per unit cost of undeveloped area+forest area*per unit cost of forest area+historic area*per unit cost of historic area+habitate area*per unit cost of habitate area

areas is not given in quesstion ,So let 1 acre of each type of way shown in table

Right of way type Unit cost per acre Area in acre Total cost right of way acquisition
Undeveloped $9,970 1 acre $9,970
Forest $162,140 1 acre $162,140
Historic $1,250,000 1 acre $1,250,000
Habitate $300,000 1 acre $300,000
Total $1,722,110

[Ans]

Know the answer?
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Not the answer you're looking for?
Ask your own homework help question
Similar Questions
3) Recipe Costing Using the information provided below, calculate: a) total recipe cost b) cost per...
3) Recipe Costing Using the information provided below, calculate: a) total recipe cost b) cost per serving As Purchased (A.P.) Ingredient Costs/Prices butter 454 g 4.99 Olive oil 500 ml 6.38 onion 908 g 2.69 bay leaves 60 g 3.99 basmati rice 4.54 kg 12.99 vegetable bouillon 41 ea 7.99 salt 1 kg 2.49 STANDARDIZED RECIPE: Recipe Name: Rice Pilaf Serves 6 Serving Size 1 large ramekin full (250 ml) Total Cost per recipe Total Cost per serving Product size...
Magpie Corporation uses the total cost concept of product pricing. Below is the cost information for...
Magpie Corporation uses the total cost concept of product pricing. Below is the cost information for the production and sale of 62,500 units of its sole product. Magpie desires a profit equal to a 25% rate of return on invested assets of $615000 Fixed factory overhead cost $36900 Fixed selling and administrative costs 7,900 Variable direct materials cost per unit 4.28 Variable direct labor cost per unit 1.88 Variable factory overhead cost per unit 1.13 Variable selling and administrative cost...
Magpie Corporation uses the total cost concept of product pricing. Below is the cost information for...
Magpie Corporation uses the total cost concept of product pricing. Below is the cost information for the production and sale of 58,400 units of its sole product. Magpie desires a profit equal to a 23% rate of return on invested assets of $558,000. Fixed factory overhead cost $39,300 Fixed selling and administrative costs 7,000 Variable direct materials cost per unit 4.43 Variable direct labor cost per unit 1.88 Variable factory overhead cost per unit 1.13 Variable selling and administrative cost...
Magpie Corporation uses the total cost concept of product pricing. Below is the cost information for...
Magpie Corporation uses the total cost concept of product pricing. Below is the cost information for the production and sale of 56,300 units of its sole product. Magpie desires a profit equal to a 21% rate of return on invested assets of $552,000. Fixed factory overhead cost $36,400 Fixed selling and administrative costs 7,800 Variable direct materials cost per unit 4.87 Variable direct labor cost per unit 1.88 Variable factory overhead cost per unit 1.13 Variable selling and administrative cost...
magpie corporation uses the total concept of product pricing. below is the cost information for the...
magpie corporation uses the total concept of product pricing. below is the cost information for the production and sale of 60,000 units it it's sole product. magpie desires a profit equal to a 25% rate of return on invested assets of 700,000 fixed factory overhead costs 38,700 fixed selling and administrative costs 7500 variable direct materials costs per unit 4.60 variable direct labor cost per unit 1.88 variable factory overhead cost per unit 1.13 variable selling and administrative cost per...
Below is selected information from Chipset's cost of production report: Cost per equivalent unit in process...
Below is selected information from Chipset's cost of production report: Cost per equivalent unit in process $10 Units completed 15,000 Total costs in process $332,000 Equivalent units of materials in ending inventory 2,000 Cost per equivalent unit of materials $6 The ending inventory of work-in-process is complete as to materials. The cost of conversion in the ending inventory is: Select one: A. $170,000 B. $308,000 C. $ 30,800 D. $ 15,800
For each total fixed cost listed​ below, determine the fixed cost per unit when sales are...
For each total fixed cost listed​ below, determine the fixed cost per unit when sales are 30​, 60​, and 120 units. Store rent $1,200 Manager's salary 900 Equipment lease 450 Depreciation on fixtures 300 Begin by calculating the fixed cost per unit for each of the fixed costs​ listed, and the total fixed cost per unit when sales are 30 units. Then calculate the fixed cost per unit and the total fixed cost per unit when sales are 60 and...
1. Given the amounts below, calculate the Total Cash from (for) Investing Activities on the Statement...
1. Given the amounts below, calculate the Total Cash from (for) Investing Activities on the Statement of Cash Flows. Cash Collected from Customers $300,000 Issuance of Stock $120,000 Purchase of Equipment $45,000 Proceeds from Sale of Land $60,000 2. On-A-Roll, Inc., bought machinery at a cost of $72,000 with a salvage value of $4,000 and useful life of 10 years. Calculate Depreciation Expense on the income statement for the year ended Year 2 using the straight-line method. ROUND ANSWER TO...
Bythel Corporation uses the product cost concept of product pricing. Below is cost information for the...
Bythel Corporation uses the product cost concept of product pricing. Below is cost information for the production and sale of 40,000 units of its sole product. Bythel desires a profit equal to a 7.5% rate of return on invested assets of $800,000.   Fixed factory overhead cost $52,000 Fixed selling and administrative costs                            $35,000 Variable direct materials cost per unit                               $3.50 Variable direct labor cost per unit $7.25 Variable factory overhead cost per unit                            $2.35 Variable selling and administrative cost per unit $1.00 The...
b) Using the information provided below, calculate the closing stock valuations and the profit figures for...
b) Using the information provided below, calculate the closing stock valuations and the profit figures for Product Z under both Absorption Costing principles and Variable Costing principles. Product Z: Annual production (units) 31,000 Units sold during the period 25,000 Costs: Direct materials per unit €10 Direct labour per unit €21 Administration expenses for period €15,000 Overheads incurred: Power and maintenance (variable) €24,000 Other factory overheads (fixed) €36,000 Other information: Selling price per unit €40 Total machine hours per annum 12,000...
ADVERTISEMENT
Need Online Homework Help?

Get Answers For Free
Most questions answered within 1 hours.

Ask a Question
ADVERTISEMENT