1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
valentinak56 [21]
4 years ago
13

The following information is available for Waterway Industries: Sales $640000 Total fixed expenses $150000 Cost of goods sold 44

0000 Total variable expenses 390000 A CVP income statement would report contribution margin of $490000. gross profit of $250000. gross profit of $200000. contribution margin of $250000.
Business
1 answer:
Bess [88]4 years ago
7 0

Answer:

The CVP Income Statement will Report a Contribution Margin of $250,000

Explanation:

The question is incomplete, Therefore, the completion is as follows:

A CVP Income Statement would report?

A CVP income statement replaces the gross profit computation in its report with the computation of the Contribution Margin.

The CVP report will therefore report as follows

The sales = $640,000

The Total Variable Expenses =$390,000

The Contribution Margin therefore =

The Sales - Total Variable Expenses

= $640,000- $390,000

= $250,000

Therefore, the CVP Income Statement will Report a Contribution Margin of $250,000

You might be interested in
company manufactures pillows. the operating budget was based on production of ​pillows, with ​machine-hours allowed per pillow.
MatroZZZ [7]

a. The budgeted variable overhead is $468,750.

b. The variable overhead spending variance is $38,100 Favorable

c. The variable overhead efficiency variance is $30,000 Favorable

<h3>What is variable overhead?</h3>

Variable overhead is a cost of running a business that varies with operational activity. Variable overheads rise and fall in lockstep with production output. Overheads, such as administrative overhead, are often a set cost.

The variable manufacturing overhead controllable variance reflects how effectively the company stuck to its budget. The difference between the planned fixed overhead at normal capacity and the standard fixed overhead for the actual units produced is the fixed factory overhead volume variance.

a. The budgeted variable overhead for 2017 = Budgeted hours * Variable overhead rate per hour

= (25000*0.75)*$25 = $468,750

b. Variable overhead spending variance = (SR - AR) * AH = ($25 - $23) * 19050 = $38,100 Favorable

c. Variable overhead efficiency variance = (SH - AH) * SR = (27000*0.75 - 19050) * $25 = $30,000 Favorable

Learn more about budget on:

brainly.com/question/8647699

#SPJ1

4 0
1 year ago
Scott defines "minority owned" in his study of businesses in Northeastern City as being those businesses that are currently owne
Sphinxa [80]

Answer:

conceptualized

Explanation:

Based on the information provided within the question it can be said that in this scenario Scott has conceptualized the concept of "minority owned". This term refers to when an individual creates an abstract but very simplified view of something. Which in this case he gave the term "minority owned" a simplified definition of being only owned by women or African Americans, when there can be many other minorities in a certain area.

4 0
3 years ago
Use the following comparative figures for Apple and Google. Google 12.662 $ Key Figures Net income (in millions) Cash dividends
azamat

Answer and Explanation :

Few information is missing in the question kindly find the attachment

As per the data given in the question,

The formula and the computation is shown below

1) Book value per share = Equity applicable to share ÷ share outstanding

                                             Apple Google

Equity  common share a $134,047 $152,502

Common share outstanding b 5,126.201 694.783

Book value per common share a ÷ b $26.15 $219.50

2)Basic EPS = Net income ÷ weighted Avg common share outstanding

                Apple Google

Net income a $48,351 $12,662

weighted Avg common share outstanding b 5217.242 693.049

Basic EPS a ÷ b $9.27 $18.27

3)Dividend yield = Cash dividend per common share ÷ Market price per share

                                              Apple Google

Cash dividend per common share a 2.4 0

Market price per share b $154.12 $1046.4

Dividend yield a ÷ b 1.56% 0.00%

4) Price earning ratio = Market price per share ÷ Basic EPS

                                  Apple Google

Market price per share a $154.12 $1046.4

Basic EPS b 9.26754 18.26999

Price earning ratio a ÷ b 16.63 57.27

5) A higher PE ration indicates that investors want to pay a higher share price because of growth expectation in near by future

Therefore Google has higher PE ratio

Hence, investors have greater expectation of performance of Google in future.

4 0
3 years ago
Given the following data for Harder Company, compute cost of goods manufactured: Direct materials used $120,000 Beginning work i
il63 [147K]

Answer:

c. $480,000

Explanation:

Cost of goods manufactured        $

Direct materials used               120,000

Direct labor                               200,000

Manufacturing overhead         150,000

Beginning work in process      20,000

Ending work in process          <u> 10,000  </u>

Cost of goods manufactured <u> 480,000 </u>

So, Correct option is c. $480,000

4 0
3 years ago
The amount an insurance policyholder receives from the
serious [3.7K]

Answer:

its a

Explanation:

8 0
3 years ago
Other questions:
  • Brinker accepts all major bank credit cards, including First Savings Bank's, which assesses a 4.5% charge on sales for using its
    10·1 answer
  • How is globalization affecting marketplaces in remote areas of the world?
    5·1 answer
  • A small consulting company in Waikiki, Hawaii struggles financially because of limited access to economic resources. This compan
    6·1 answer
  • g"Radford Inc. manufactures a sugar product by a continuous process, involving three production departments-Refining, Sifting, a
    9·1 answer
  • Laura and Bryce both want to be able to forward receipts to QuickBooks Online to take advantage of the Receipt Capture feature.
    7·1 answer
  • Major limitations of the balance sheet include all of the following except: it necessarily omits many items that are of financia
    13·1 answer
  • The monetary base is equal to
    5·1 answer
  • Suppose the chester company expands to other markets with good designs, high awareness and easy accessibility, what strategy wou
    11·1 answer
  • A bank customer borrows X at an annual effective rate of 12.5% and makes level payments at the end of each year for n years.(whi
    14·1 answer
  • Reserves change by $12 million, and the money supply changes by $60 million. what does the simple deposit multiplier equal?
    9·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!