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
alexgriva [62]
4 years ago
8

During its most recent fiscal year, Simon Enterprises sold 200,000 electric screwdrivers at a price of $15 each. Fixed costs amo

unted to $400,000 and pretax income was $600,000. What amount should have been reported as variable costs in the company's contribution margin income statement for the year in question?
Business
2 answers:
Grace [21]4 years ago
8 0

Answer:

Sales-VC=Contribution

Contribution-FC=600000

Contribution=1000000

Sales-VC=1000000

VC=200000*15-1000000

VC=2000000

d. $2,000,000.

Explanation:

Vikentia [17]4 years ago
6 0

Answer:

$2,000,000

Explanation:

We know that,

Pre-tax income = Sales - variable cost - fixed cost

where,

Sales = Number of units sold × selling price per unit

         = 200,000 units × $15

         = $3,000,000

And, the other items values remain the same

Now put these values to the above formula

So, the value would be equal to

$600,000 = $3,000,000 - variable cost - $400,000

So, the variable cost = $2,000,000

You might be interested in
What are five private agencies that protect consumer rights
RUDIKE [14]
The consumer protection administrative organizations battle to guarantee that people are dealt with decently, get the important data to settle on educated choices, are secured against item dangers and can utilize lawful response if necessary. Certain sorts of items draw in more direction because of their higher danger of customer damage or passing, for example, nourishment, meditates, kids' items, and cars. 
The following are the five private organizations that ensure consumer rights:

<span>Consumer Financial Protection Bureau (CFPB)


</span><span>Consumer Product Safety Commission (CPSC)

</span><span>Federal Trade Commission (FTC)

</span><span>Food and Drug Administration (FDA)

</span><span>National Highway Traffic Safety Administration (NHTSA)</span>
3 0
3 years ago
Ski Master Company pays weekly salaries of $3,100 on Friday for a five-day week ending on that day. Required: Journalize the nec
balandron [24]

Solution:

3,100 / 5 = 620 per day

So the wages outstanding we need to pay still are the 3 days left in the year (the work was done so we must match the revenues and expenses)

Wages Expense = 620 * 3 = 1,860

Wages Payable......1,860

(620 * 3) to accrue wages that have not yet been paid

6 0
3 years ago
An advantage of using "negotiated" transfer prices is: A. Both the selling and buying units have complete information about cost
madreJ [45]

Answer:

The correct option is A,both the selling and buying units have complete information about costs.

Explanation:

A negotiated transfer price is a price agreed between the selling and buying divisions having considered factors such the external purchase price,the opportunity costs of selling internally and externally ,whether or not there is surplus capacity and may more.

Negotiated transfer price is fairer to both divisions as opposed to a transfer price imposed by management which could result in  low morale in the buying or selling division depending on whether the price was set too high or too low.

7 0
3 years ago
The City of Kyle, Texas hired Wonderworks to put on its Independence Day fireworks show. Despite taking reasonable safety precau
algol [13]

Answer:

Franco will Lose if he sues as this was an accident.

Explanation:

This question tells us that the city of Kyle and the company wonderworks, had taken all reasonable precautions regarding safety while handling and launching the fireworks. So this is not a case of negligence neither is it a case of a breach of duty. So this case is going to be ruled as an accident if Franco should sue. Which is actually what it is.

6 0
3 years ago
which of the following is a resource within the workplace that will help you find information on safety health issues
gizmo_the_mogwai [7]
What are the options?
8 0
4 years ago
Read 2 more answers
Other questions:
  • The Milwaukee Bucks are considering whether they should add an additional vending area, at a cost of $500,000, to the new arena
    11·1 answer
  • Front range cabinet distributors in colorado springs, colorado, sells to its contractors with a 42% markup on cost. if the selli
    11·2 answers
  • Hochberg Corporation uses an activity-based costing system with the following three activity cost pools: Activity Cost Pool Tota
    9·1 answer
  • Sales promotions that provide consumers an incentive to buy a product, such as a cents-off coupons or a discount, are widely use
    14·1 answer
  • Lowden Company low and high level of activity last year was 40,000 units produced in June and 120,000 units produced in November
    7·1 answer
  • Your goal is to have $10,000 in your bank account by the end of 15 years. If the interest rate remains constant at 3% and you wa
    7·1 answer
  • A company is considering several Customer Relationship Management (CRM) providers and wants to understand what customizations ea
    6·1 answer
  • Calculate the present value of the following annuity streams: a. $6,000 received each year for 6 years on the last day of each y
    10·1 answer
  • The ________ method of setting an advertising budget typically overlooks how promotion affects sales.
    8·1 answer
  • a factory costs $400,000. you forecast that it will produce cash inflows of $120,000 in year 1, $180,000 in year 2, and $300,000
    7·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!