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Lyrx [107]
3 years ago
15

Based on predicted production of 23,000 units, a company anticipates $414,000 of fixed costs and $362,250 of variable costs. The

flexible budget amounts of fixed and variable costs for 21,000 units are (Do not round intermediate calculations): Multiple Choice $330,750 fixed and $414,000 variable. $414,000 fixed and $330,750 variable. $414,000 fixed and $362,250 variable. $378,000 fixed and $330,750 variable. $378,000 fixed and $362,250 variable.
Business
1 answer:
kolezko [41]3 years ago
7 0

Answer:

The correct option is a. the variable cost is $330,750 and fixed cost is $414,000.

Explanation:

For computing the correct figures of variable cost and fixed cost for 21,000 units, first we have to calculate the variable cost per unit.

So,

Variable cost per unit = Total variable cost ÷ Number of units

                                    = $362,250 ÷ 23,000

                                    = $15.75 per unit

SO, variable cost for 21,000 units = Number of units × per unit price

                                                        = 21,000 × $15.75

                                                        = $330,750

Hence, the variable cost for 21,000 units is $330,750

Since the fixed cost remained fixed whether production level is increased or not. So, fixed cost would be $414,000

Therefore, the correct option is a. the variable cost is $330,750 and fixed cost is $414,000.

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Given the following data:
DIA [1.3K]

Answer:

B.9.0%

Explanation:

The Return on investment (ROI) of any entity/corporation/firm  can be calculated using the following mentioned formula:

ROI=Net operating income/cost of investment

Assuming in this question

Cost of investment =average operating assets=$504,000

Net operating income=$45,360

ROI=$45,360/$504,000=9%

So based on the above discussion the answer is B.9.0%

6 0
3 years ago
Enith Consulting Co. has the following accounts in its ledger: Cash; Accounts Receivable; Supplies; Office Equipment; Accounts P
Firlakuza [10]

Answer:

March 1

Dr Rent Expense$4,000

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03

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10 Dr Cash $8,600

Cr Account Payable$8,600

15

Dr Account Payable$3,180

Cr Cash$3,180

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Dr Miscellaneous Expense$700

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Dr Miscellaneous Expense$550

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31

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31

Dr Utilities Expense$830

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31

Dr Dividend$2,000

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Explanation:

March 1

Dr Rent Expense$4,000

Cr Cash $4,000

03

Dr Advertising Expense $1,350

Cr Cash $1,350

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Dr Supplies $1,800

Cr Cash$1,800

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Cr Account Receivable$11,500

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Dr Miscellaneous Expense$550

Cr Cash$550

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5 0
3 years ago
I have an idea that might address all of these issues. What if none of us have any of these donuts but instead we break up into
miss Akunina [59]

The full question reads;

Which legal school of thought is illustrated in this dialogue?

Alison: (She stands during David's speech as if inspired but sits down once Bob starts talking.)

Bob: Right. Power to the people David. Anyone else hungry? (He tries to slowly move to the donuts and Joyce continues to defend them like a point guard.)

Lee: I have an idea that might address all of these issues. What if none of us have any of these donuts but instead we break up into teams and sell them to our coworkers for a profit? Instead of getting one or two donuts, we can stop on our way home and pick up a dozen of them each with our profits. In this case, we ignore the company stick-in-the-mud book regulations because, as you can see, we are obviously presented with some opportunities for a little economic development. Corporate rules here must bow to economic opportunity. If we let our rules block our prosperity, what kind of company will we become?

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• Legal realism school of thought.

• Law and economics school of thought.

• Sociological school of thought.

• Command school of thought.

<u>Answer:</u>

<u>Legal realism school of thought.</u>

Explanation:

Notice Lee's statement "we ignore the company stick-in-the-mud book regulations...Corporate rules here must bow to economic opportunity. If we let our rules block our prosperity, what kind of company will we become".

Interestingly, the legal realism school of thought looks at how laws (or as in this case corporate rules) should be understood and applied. So, in a sense, Lee has his own perception of the importance of the organization's rules.

8 0
3 years ago
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Sloan [31]

Answer:

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4 0
4 years ago
Read 2 more answers
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aleksandrvk [35]

Answer:

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8 0
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