Answer:
$96,000
Explanation:
The computation of the overhead amount assigned to Product A1 each year is shown below:
= Overhead cost incurred per year ÷ number of hours worked by machine department × machine hours at Product A1
= $480,000 ÷ 5,000 hours × 1,000 hours
= $96,000
We simply applied the above formula so that the overhead cost assigned could come
Answer:
The change in the revenue is $100,000
Explanation:
The quantity when the price is $1.50 is 60,000(1.50)-10,000=80,000. The revenue when the price for the price of $1.50 is 1.50*80,000 = 120,0000.
Now for the new price of $2.00, the quantity is 60,000(2)-10,000=110,000, and the revenue is 2*110,000=220.000.
With the revenues from when the price is $1.50 and $2.00, the change is the diference $220,000-$120,000=$100,000.
When the price increases from $1.50 to $2.00 the revenue increases $100.000
Answer:
60 percent
Explanation:
Contribution margin refers to the revenue a firm derives after deducting the variable cost it has incurred.
Contribution margin = Sales - Variable costs
Contribution margin or contribution to sales ratio represents the percentage of contribution a firm earns from the sale of it's output.
It is represented mathematically as,
= 
Also, contribution margin ratio = 100 - variable cost ratio percentage.
Hence, contribution margin for three departments would be:
A = 100 - 30% = 70%
B = 100 - 40% = 60%
C = 100- 50% = 50%
This represents if sales revenue is 100, contribution margin earned is 70, 60 and 50 under three cases.
Since sales revenue in all three departments is the same, let us assume the sales revenue of a department as y.
Thus, weighted average contribution margin would be, 60 percent
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Answer:
The circular flow model shows the interaction between two groups of economic decision-makers―households and businesses―and two types of economic markets―the market for resources and the market for goods and services.