Which of the following describes someone's expected outcome from

Exercise 19-9 Income statement under absorption costing and variable costing LO P1, P2 IThe following information applies to the

ivolga24 [154]

Answer:

When you are calculating variable costing, COGS only includes variable costs. All fixed costs are included as period costs at the end. Fixed costs are not carried forward either.

Income Statement (variable costing) - J Cool Sky

total sales $140 x 36,000 units sold = $5,040,000

variable COGS ($3,240,000)

variable direct costs ($60 + $22) x 36,000 = ($2,952,000)

variable overhead ($8 x 36,000) ($288,000)

manufacturing margin $1,800,000

variable administrative and selling costs ($11 x 36,000) = ($396,000)

contribution margin $1,404,000

fixed costs ($633,000)

fixed overhead = ($528,000)

administrative and selling = ($105,000)

net income $771,000

In order to prepare the income statement using absorption costing, we must first determine COGS = [(total variable manufacturing costs + total fixed manufacturing costs) / total output] x units actually sold

COGS = {[($60 + $22 + $8) x 44,000] + $528,000} / 44,000] x 36,000 = [($3,960,000 + $528,000) / 44,000] x 36,000 = $102 x 36,000 = $3,672,000

Income Statement (absorption costing) - J Cool Sky

total sales $140 x 36,000 units sold = $5,040,000

COGS ($3,672,000)

gross profit $1,368,000

variable administrative and selling costs $11 x 36,000 = ($396,000)

fixed administrative and selling costs ($105,000)

net income $867,000

The difference between both accounting methods is that variable costing includes all fixed manufacturing costs during the period and the ending inventory is carried forward only at a lower cost since it only includes variable costs. Absorption costing calculates ending inventory using the total fixed costs, that is why COGS is lower.

3 0

3 years ago

What are the benefits of mechanical dissection?

Romashka [77]

1. Memorable
Dissection is an interesting approach to take when teaching science. For one, it creates a long-lasting impression on the students’ minds. Most people can remember what they did in the lab yesterday easily than some theory they have just gone through. So it is easy to recall an activity that you have engaged in that is why dissecting in equally important as the theory aspect of the lesson.

2. Proper understanding
Another obvious reason why dissection is important is because it is a hands-on activity which provides a chance for students to carry out investigations aside from what they learn in class. They are able to test how truthful their theory is while comparing it to what they see while carrying out the dissection.

3. Tactile experience
There are rules on how dissection is carried out and these are among the many things that students are taught about before they begin any dissections. There are also certain tools which are needed for dissection and which tools differ from one creature to another. Armed with this information and proper guidance and practice, students are able to acquire proper dissection skills which will no doubt be useful in higher level science lab classes

5 0

3 years ago

Wilvade Inc. has modified the work timings for its employees. The employees of the company believe that the new timings are inco

Fiesta28 [93]

Answer:

a. empathetic listening

Explanation:

Empathetic listening is trying to understand the point the other person is trying to make and connect with him/her. An important characteristic is to listen to the other person without judging to be open to what is being said and really understand. So, the management of Wilvade Inc. is most likely using empathetic listening because they are trying to understand the employees concers and they want to address the situation.

6 0

2 years ago

Delia files a suit against Eduardo in a Florida state court over the ownership of a boat docked in a Florida harbor. Both Delia

harkovskaia [24]

Answer:

The answer is: D) is a more convenient location to hold the trial.

Explanation:

A change of venue happens when a case is transferred from a court in one location to a court in a different location. It can be requested if it is convenient for the parties in a lawsuit.

In this case both Eduardo and Delia live in Georgia, so if a trial is held there, they would need to travel and probably hire local lawyers which can be time consuming and expensive. Eduardo can argue that by holding the case in Georgia benefits both Delia and him.

6 0

3 years ago

When Coca-Cola purchased first a part and then all of Honest Tea, what would have been appropriate ways to help this change be s

tensa zangetsu [6.8K]

Answer:

The most applicable choices in the order of importance are

C, B then A. Of course, they have to be applied at various stages of the acquisition.

Explanation:

C should have occurred (if possible) before the acquisition. Usually, when there is a major acquisition such as the one described above, it comes with good and bad tidings.

In some cases, especially one involving a large and efficient system like Coca-Cola, many positions become redundant.

In other cases, people are worried if their compensation will be affected. There are usually questions such as:

Will my compensation be reviewed upwards or, downwards?
Will my insurance or 401K be affected adversely? e.t.c.

Thus, executing a survey of Honest Teas' employees to identify such sources of anxiety and conflict related to the acquisition with the goal to address them constructively, will help the change to be successful.

Option B is one strategy that ought to have been executed upon the conclusion and official announcement of the acquisition exercise. This is the most crucial and maybe the most important part of the acquisition/takeover process.

This is true especially if there is going to be changes in management, communication styles, and the culture. Other benefits of team building excercises are, it increases and or improves:

Productivity
Morale
Staff Motivation and
Communication all of which are critical to the success of any organisation.

Option C: On the balance of probability, it is expected that when a bigger company like Coca-Cola acquires a smaller one, the process comes with a lot of benefits. One of such benefits is the payroll upgrade.

After all is said and done, it will serve to boost the motivation and morale of the staff if Honest Tea began to use Coca-Cola's payroll which is likely to be more robust.

Because Cocal-cola is an older, more experience and more global company, it is more likely to have more efficient reimbursement systems. If these are inculcated into the Honest Tea process, with adequate training on how to use it, it will also serve to ensure homogeneity of systems and operations which is critical to the success of an acquisition.

Cheers!

3 0

2 years ago