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3 years ago

Folsom Fashions sells a line of women's dresses. Folsom's performance report for November is shown below. (CMA adapted)

Business

1 answer:

agasfer [191]3 years ago

3 0

Answer:

(1) $20,000 U

(2) $15,000 U

Explanation:

(1) Effect of the sales quantity variance on the contribution margin for November:

= (Budget dresses sold - Actual dresses sold) × (Budgeted contribution margin ÷ Budgeted dresses sold)

= (6,000 - 5,000) × (120,000 ÷ 6,000)

= $20,000 unfavorable

(2) Sales price variance for November:

= [(Budgeted sales ÷ Budget dresses sold) - (Actual sales ÷ Actual dresses sold)] × Actual dresses sold

= [(300,000 ÷ 6,000) - (235,000 ÷ 5000)] × 5000

= $15,000 unfavorable

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For a normal good, if the price of a substitute good decreases then:

geniusboy [140]

Answer:

(B) the demand curve shifts leftward while the supply curve stays the same.

Explanation:

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Reference: Khan Academy. “Price of Related Products and Demand.” Khan Academy, Khan Academy, 2019

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3 years ago

Creswell Farms produces and sells clover honey and wants to expand its product line. A brainstorming session results in 40 diffe

Gwar [14]

Answer:

In this scenario, Creswell Farms is in the idea generation stage of the new product development process.

Explanation:

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3 years ago

Who bought the treasure island hotel and casino from the Wynn corporation?

IgorLugansk [536]

Phil Ruffin bought treasure island

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3 years ago

In 1895, the winner of a competition was paid $150. In 2006, the winner's prize was $70,000. What will the winner's prize be in

Jobisdone [24]

Answer:

the price will grow to $ 507,571.77 If it continues with the same grow rate

Explanation:

first we solve for the rate:

2006 - 1895 = 111 years

$Nominal (1+r)^{n} = FV\\150 (1+r)^{111} = 70,000\\\\r = \sqrt[111]{70,000 / 150 } -1$

r = 0.06

Now we apply this rate for the year 2040:

2040 - 2006 = 34 years

$Principal \: (1+ r)^{time} = Amount$

Principal 70,000.00

time 34.00

rate 0.06000

$70000 \: (1+ 0.06)^{34} = Amount$

Amount 507,571.77

6 0

3 years ago

Mary's Baskets Company expects to manufacture and sell 30,000 baskets in 2019 for $5 each. There are 4,000 baskets in beginni

algol13

Answer:

The correct answer is B.

Explanation:

Giving the following information:

Mary's Baskets Company expects to manufacture and sell 30,000 baskets in 2019 for $5 each.

<u>Sales revenue is the result of multiplying the number of units sold for the selling price per unit:</u>

<u></u>

Sales= 30,000*5= $150,000

5 0

3 years ago

Read 2 more answers