Technical tool that provides users with the ability to study, control, and

Jansen Company reports the following for its ski department for the year 2019. All of its costs are direct, except as noted. Sal

Umnica [9.8K]

Answer:

Part 1

JANSEN COMPANY

Departmental Income Statement—Ski Department

Sales $605,000

Cost of Sales ($425,000)

Gross Profit $180,000

Direct Expenses

Salaries ($97,000)

Utilities ($11,000)

Depreciation ($32,000)

Other Expenses ($38,000)

Operating profit $2,000

Part 2

JANSEN COMPANY

Departmental Contribution to Overhead—Ski Department

Sales $605,000

Cost of Sales ($425,000)

Gross Profit $180,000

Direct Expenses ($140,000)

Contribution $40,000

Less Overheads

Salaries ($15,000)

Utilities ($3,000)

Depreciation ($10,000)

Office Expenses (20,000)

Total Overheads $48,000

Contribution to overhead $40,000 : $48,000

Part 3

No. Jansen should not eliminate the ski department because it is making a profit on it on (Contributing towards the company costs)

Explanation:

Hie, I have attached the full question as pdf below

If the department is making a loss on its own, it must be eliminated. Departments must make a contribution towards the costs of the company overall

Download pdf

7 0

3 years ago

Prepare a flexible budget for Cedar Jeans Company using production levels of 16,000, 18,000, and 20,000 units produced. The foll

Svetlanka [38]

Answer:

Results are below.

Explanation:

Giving the following information:

Total unitary variable cost= $16.5

Total fixed costs= $116,000

Now, the flexible budget for each production level:

16,000 units:

Total variable cost= 16.5*16,000= 264,000

Total fixed cost= 116,000

Total costs= $380,000

18,000 units:

Total variable cost= 16.5*18,000= 297,000

Total fixed cost= 116,000

Total costs= $413,000

20,000 units:

Total variable cost= 16.5*20,000= 330,000

Total fixed cost= 116,000

Total costs= $446,000

8 0

3 years ago

Assume you have a property insurance contract which includes an 80% coinsurance provision. The insured building is worth $5,000,

BaLLatris [955]

Answer:

$1,500,000

Explanation:

in order for the insurance company to pay for all the damages, you should have purchased a policy that covered $4,000,000 in damages. Since the policy only covers $3,000,000, the insurance company will pay:

($3,000,000 / $4,000,000) x $2,000,000 (loss) = 0.75 x $2,000,000 = $1,500,000

3 0

3 years ago

123x185 pleas help meeeeee!

dolphi86 [110]

22755 is the number for these number multiplied by each other .

7 0

4 years ago

Read 2 more answers

A flight route is served by American Airlines (AA) and Southwest Airlines (SW). Suppose American is the industry leader American

tatiyna

Answer:

The correct answer is b) American will leave fares unchanged and Southwest will leave fares unchanged.

Explanation:

The Nash Balance is a situation where individuals or players have no incentive to change their strategy taking into account the strategy of their opponents.

In the Nash equilibrium, the strategy chosen by each participant of a conflict or game is optimal, given the strategy chosen by the others. In other words, nobody will gain anything if they decide to change their strategy under the assumption that the other individuals do not change theirs.

It should be noted that under the Nash equilibrium the greatest gain is not necessarily obtained for all individuals or players as a whole. It is only true that each responds optimally to the strategy of others. In many cases, individuals would like to be able to reach another balance with higher profits but fail to do so because they face the risk of being betrayed.

7 0

4 years ago