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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

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Cordner Corporation has two production departments, P1 and P2, and two service departments, S1 and S2. Direct costs for each dep
Paladinen [302]

Answer:

$46,200

Explanation:

Calculation to determine the amount of S2 costs allocated to S1

S2 costs allocated to S1 =$66,000*0.70/(0.70 +0.10+ 0.20)

S2 costs allocated to S1 =$46,200/1.00

S2 costs allocated to S1 =$46,200

Therefore Under the step method of cost allocation, the amount of S2 costs allocated to S1 would be:$45,200

6 0
3 years ago
Discuss the rationale of organizing an industrial strike in resolving employee dispute with the state, focusing on the detriment
Charra [1.4K]

Answer: The answer is provided below.

Explanation:

Strike is a refusal to work organized by body of employees as a way of protesting typically in an attempt to gain concessions from their employer.

Causes of strike include demand for leave with pay, pay increase,health hazards in the workplace, inadequate working tools, excessive working hours; low wages, discrimination, and aggressive behaviour of the managers towards employees.

Eben though there are potential benefits from strikes, like improved labor productivity, better work morale, or lower absenteeism, strike action brings about economic costs which can be high, depending on the duration, number of workers involved and also the divisions affected.

Strikes results in negative impacts on the employees, the employers, their stakeholders, consumers, the government, and the economy.

Furthermore, it also affects the international trade as it can hinder the economic development of a country and create great economic uncertainty especially when the global media continues to share details, videos and images of violence, damage to property and clashes between strikers and security.

5 0
3 years ago
Messana Corporation reported the following data for the month of August: Inventories: Beginning Ending Raw materials $36,000 $24
Wittaler [7]

Answer:

$217,000

Explanation:

                           Begining   Purchases   Ending  

Raw Materials  $ 36,000 $ 69,000 $ 24.000

Work in Process  $ 23,000 $ 17,000         $ 6.000

Finished Goods  $ 37,000  $ 55,000 -$ 18.000

Direct Lab Costs  $ 94,000 $ 94,000

Manuf Overhead $ 54,000 $ 54,000

 Total  

Raw Materials  $ 81.000

Work in Process  $ 6.000

Finished Goods  -$ 18.000

Direct Labor Costs  $ 94.000

Manufacturing Overhead  $ 54.000

Costo of Goods Manufactured  $ 217.000

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3 years ago
An invoice is an example of which of the following?
Scilla [17]

A source document

This document, when coupled with a bill of lading and/or packing list, can be used to invoice a customer, which in turn generates a sale transaction. Supplier invoice. This is a source document that supports the issuance of a cash, check, or electronic payment to a supplier.

8 0
3 years ago
Why is VisionSpring, an organization devoted to the problem of poor eyesight in the developing world, classified as a hybrid mod
JulsSmile [24]

VisionSpring can be classified as a hybrid model of social entrepreneurship since it is devoted to the problem of poor eyesight in the developing world which is a social issue.

It should be noted that social entrepreneurship mixes economic logic with social logic.

Hybrid organizations are the enterprises that design the business models in order to alleviate a particular environmental or social issue. Since VisionSpring is devoted to the problem of poor eyesight in the developing world, it's a hybrid organization.

Learn more about entrepreneurship on:

brainly.com/question/13628349

4 0
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