Answer:
(a) Multiple-step income statement.
Sales revenue $388,710
Less Sales returns and allowances ($12,620)
Net Sales $376,090
Less Cost of Goods Sold ($215,090)
Gross Profit $161,000
Less Operating Expenses :
<em>Selling and Distribution Expenses :</em>
Freight-out $6,220
Sales discounts $7,240 ($13,460)
<em>Administration Expenses :</em>
Rent expense $31,270
Salaries and wages expense $56,180 ($87,450)
Operating Income / (Loss) $60,090
Explanation:
A multiple-step income statement, shows separately Income derived from Primary Activities of the Company (Operating Income) and the Income that includes Secondary Activities of the Company (Net Income).
Operating Expenses are further categorized under <em>Selling and Distribution Expenses </em>and<em> Administration Expenses.</em>
Answer: Option (b) is correct.
Explanation:
Given that,
Direct materials = $24
Direct labor = $10
Variable overhead = $8
Fixed factory (allocated) = $18
Overtime premium = $8 per unit
Purchased = 2,000 units at a special price of $48 per unit
Contribution Margin (2000 - 1000 units) = special price per unit - Direct materials - Direct labor - Variable overhead
= 48 - 24 - 10 - 8
= $6 per unit
Contribution margin for units produced during overtime = special price per unit - Direct materials - Direct labor - Variable overhead - Overtime premium
= 48 - 24 - 10 - 8 - 7
= $(-1) per unit
Total contribution = 1000 × 6 + 1000 × -1
= $6000 - $1000
= $4000 Profit
Therefore, additional profit will be generated by accepting the special order is $4000.
I agree with the first one cause money is very important u have to use it wisely but you also wanna take it into your own matters it something were to go wrong
Answer:
An import tarif
Explanation:
An import tariff is a type of tax levied on the product bought from foreign nations. Tariff restricts the volume of goods and services brought into the country and making them expensive in the local market. Import tariffs serve as a source of revenue to the government and protect locally manufactured goods from unfair competition by imports.
The 25 percent tax imposed on all SUVs is an example of an import tariff. The person of the firm importing the vehicle must pat the government an amount equivalent to 25 percent of the value of SUV. Import tariffs make importing unattractive, thereby encouraging the consumption of domestic products.
Answer:
The Food and Drug Administration issues a recall for the meat, and the seller notifies its customers.
Explanation:
When there is a serious or potentially serious risk to consumers, the FDA works with sellers and distributors to recall products (remove them from store shelves) and notify customers through press releases and other communications.
