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4 years ago

Given below is an excerpt from a management performance report:

Business

1 answer:

pychu [463]4 years ago

5 0

Answer:

The answer is b. manager's overall performance is 20% above expectations.

Explanation:

The budget overall performance is: Budgeted Contribution margin - Budgeted Controllable fixed costs = 1,000,000 - 500,000 = $500,000;

The Actual overall performance is: Actual Contribution margin - Actual Controllable fixed costs = 1,050,000 - 450,000 = $600,000;

Variance in dollar term of actual overall performance over budget overall performance = $600,000 - $500,000 = $100,000

% variance of actual overall performance over budget overall performance = 100,000/500,000 = 20%

Thus, actual overall performance is 20% above expectation.

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The manufacturing capacity of Susil Company's facitilites is 30,000 untis of product a year. A summary or operating results for

NISA [10]

Answer:

Operating Income will increase for 225,000

Explanation:

The company will sale 15,000 units at 90

The unit cost is 55

The capacity is 30,000

This order is for 15,000

Leaving 15,000 for regular local business

currently the local sales are 18,000

So it will decrease by 3,000

Putting those numbers together we arrive to the conclusion:

$\left[\begin{array}{cccc}&$Units&$Cost&$Total\\$Special Order&15,000&90&1,350,000\\$Variable Cost&15,000&-55&-825,000\\$rejected local&-3,000&100&-300,000\\$Net Income&&&225,000\\\end{array}\right]$

Even with the decrease in local business sales, it is better to accept the foreing distributor offer.

8 0

3 years ago

Campbell Inc. produces and sells outdoor equipment. On July 1, 20Y1, Campbell issued $30,000,000 of 10-year, 10% bonds at a mark

azamat

Answer:

Cash 31,951,110 debit

Bonds Payable 30,000,000 credit

Premium on BP 1, 951, 110 credit

--to record issuance of bonds--

interest expense 1,402,444.5 debit

Premium on BP 97,555.5 debit

cash 1,500,000 credit

--to record payment of interest of Dec 31th--

interest expense 1,402,444.5 debit

Premium on BP 97,555.5 debit

cash 1,500,000 credit

--to record payment of interest of June 30th--

Interest expense for 20Y1: 1,402,444.5 dollars

4.- Yes, as the market is willing to accept a higher price o nthe bond as it yields above the market.

Explanation:

proceeds: 31, 951, 110

face value: 30,000,000

premium 1, 951, 110

the premium is the difference between the proceeds and face value.

It will be amortized over 20 payment periods:

1,951,110 / 20 = 97,555.5

this will be subtracted from the interest cash payment to determinate the interest expense:

30,000,000 x 5% = 1,500,000

1,500,000 - 97,555.5 = 1,402,444.5

Under straight line mehtod all entries are the same.

6 0

3 years ago

From a legal perspective determine if it is easier for a manager to deal with an employee or independent contractor

Ann [662]

Because its smart Because its smart Because its smart Because its smart Because its smart Because its smart Because its smart Because its smart Because its smart Because its smart Because its smart Because its smart Because its smart

5 0

4 years ago

A company that makes shopping carts for supermarkets and other stores recently purchased some new equipment that reduces the lab

Elis [28]

Answer:

Before buying the new equipment:

Number of workers = 7

Production = 70 carts per hour

Worker wage = $15 per hour

Machine cost = $40 per hour

After buying the new equipment:

Number of workers = 6

Production = 74 carts per hour

Worker wage = $15 per hour

Machine cost = $50 per hour

(a) Labor productivity

Labor productivity = Number of carts produced per hour / Number of workers

Labor productivity (Before) = 70 / 7

Labor productivity (Before) = 10 carts per worker per hour

Labor productivity (After) = 74 / 6

Labor productivity (After) = 12.33 carts per worker per hour

(b) Multifactor productivity

Multifactor productivity = Carts produced / (Labor cost + Equipment cost)

Multifactor productivity = Carts produced / [(Number of workers x Worker wage) + Equipment cost)

Multifactor productivity (Before) = 70 / [(7*$15) + $40]

Multifactor productivity (Before) = 0.48 carts/dollar cost

Multifactor productivity (After) = 74 / [(6*$15) + $50]

Multifactor productivity (After) = 0.53 carts/dollar cost

Increase in productivity = [(New productivity - Old productivity) / Old productivity] * 100

Increase in labor productivity = [(12.33 - 10) / 10] * 100

Increase in labor productivity = 0.233 * 100

Increase in labor productivity = 23.30%

Increase in multifactor productivity = [(0.53 - 0.48) / 0.48] * 100

Increase in multifactor productivity = 0.104167 * 100

Increase in multifactor productivity = 10.42%

6 0

3 years ago

On January 1, 2019, Chin Corporation issued $ 3 comma 200 comma 000, 14%, 5 minus year bonds. The bond interest is payable on

Rom4ik [11]

Answer:

interest expense 205,176 debit

premium on BP 18824 debit

cash 224,000 credit

--to record first interest payment--

Explanation:

procceds 3,419,600

face value (3,200,000)

premium on bonds payable 219,600

semiannual bond rate 14% / 2 = 0.07

semiannual market rate 12% / 2 =0.06

For the cash outlay we do face vbalue x bond rate

For the interest expense we do carrying value x market rate

the difference will be the amortization

3,419,600 x 6% = 205,176

3,200,000 x 7% = 224,000

amortization 18,824

3 0

3 years ago