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3 years ago

Intel Corporation

Business

1 answer:

statuscvo [17]3 years ago

5 0

Answer:

a. Gross income = sales - COGS

Pretax = gross income - SG$A expense +operating income + non operating income- interest expense - unusual expense

income taxes = Pretax - net income

income statement 2016 2015 2014 2013 2012

sale 59387 55355 55870 52708 53341

COGS 23425 20651 20522 21418 20507

gross earnings 35962 34704 35348 31290 32834

SG&A EXPENSE 21149 19835 19693 18729 18117

operating income 14813 14869 15655 12561 14717

non operating income 533 -51 224 595 463

interest expense 733 337 192 244 90

unusual expense 1677 269 -114 301 217

pretax 27749 29081 31456 25172 29590

income taxes 17433 17661 19752 15552 18585

Net income 10316 11420 11704 9620 11005

b. Average tax rate = total taxes / total taxable income ( for this calculation we need the tax table for identifying the correct tax brackets for each taxable income falling on it.

2016 2015 2014 2013 2012

gross profit margin 0.61% 0.63% 0.63% 0.59% 0.62%

net profit margin 0.17 % 0.21% 0.21% 0.18% 0.21 %

c. is attached

d.income statement 2016 2015 2014 2013 2012

sale 100 100 100 100 100

COGS 39.44% 37.31% 36.73% 40.64% 38.45%

gross earnings 60.56% 62.69% 63.27% 59.36% 61.55%

SG&A EXPENSE 35.61% 35.83% 35.25% 35.53% 33.96%

operating income 24.94% 26.86% 28.02% 23.83% 27.59%

non operating expense 0.90% -0.09% 0.40% 1.13% 0.87%

interest expense 1.23% 0.61% 0.34% 0.46% 0.17%

unusual expense 2.82% 0.49% -0.20% 0.57% 0.41%

pretax 46.73% 52.54% 56.30% 47.76% 55.47%

income taxes 29.35% 31.90% 35.35% 29.51% 34.84%

Net income 17.37% 20.63% 20.95% 18.25% 20.63%

Explanation:

gross profit margin = gross profit/ sales

net profit margin = net profit / sales

no c is an attachment

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Titus Company produced 5,900 units of a product that required 3.546 standard hours per unit. The standard fixed overhead cost pe

natta225 [31]

Answer:

$417 A.

It is an adverse variance.

Explanation:

Fixed factory overhead volume variance is the difference between budgeted output at 100% normal capacity and actual production volume multiplied by standard fixed overhead cost per unit.

Formula

Fixed factory overhead volume variance = (budgeted standard hours for 100% normal capacity - Actual standard output hours) × standard fixed overhead cost per unit.

Calculation

Since 5900 units of a product was produced in 3.546 standard hours per unit, total actual standard hour is therefore;

= 5900×3.546

=20,921 hours

Overhead cost per unit = $1.10 per hour

Hours at 100% normal capacity = 21,300 hours.

Recall the formula for fixed factory overhead volume variance is =(budgeted standard hours for 100% normal output- actual standard output hours)× standard fixed overhead per unit.

Therefore;

Fixed factory overhead volume variance =(21,300 hours - 20,921 hours)× $1.10

=379 hours × $1.10

=$417 A

It is therefore an adverse variance.

4 0

3 years ago

True or false: production runs can be scheduled in one or two shifts.

irina1246 [14]

The answers are as follows:
1. TRUE.
Shift schedule is a practice used in manufacturing industries to increase the numbers of hours that is used in production process. The shift divides the hours in the day into specific period and assign teams that will work during each period. The shift practice is usually employed in production run in order to ensure efficient use of all resources during the production process. Production run are typically schedule into one or two shifts; which may be during the day alone or during the day and night.
2. FALSE
Hiring the needed complement will eliminate OVERTIME, not the second shift. Hiring the needed complement usually remove the need for all overtime. Hiring the needed complement will make having a second production run team possible and this second team can handle the production process that ought to be done through overtime.
3. FALSE.
It is the duty of the management to strive to DECREASE STAFF TURNOVER.
Staff turnover refers to the rate at which employees are leaving a company and new employees are been absorbed. High staff turnover will make the company to spend more money on resources and training of new staffs.
4. TRUE.
During periods of high demand, production usually increases and more workers are hired. Instead of hiring more workers, a company that has two production shifts may decide to add more workers to the first shift in order to increase the amount of work that could be done. This will result in the decrease in the number of the workers in the second shift.
5. FALSE
Increasing training hours decreases needed complement. Increasing the training hours will equip the workers with the needed knowledge which will make them more effective and productive. This will decreases the complement needed for the production process.
6. RECRUITING COST [B].
In a situation where a company has to hire more workers to the one it already has on ground as a result of increased production, then the company will have to spend extra money in the process of recruiting the needed workers.
7. DECREASE [B]
If the productive index is already at 100%, adding overtime will decreases the productivity index. This is because, overtime has a way of reducing the efficiency and the productivity of the workers, thus decreasing the amount of work done by them.
8. FALSE.
Workers training is entered in hours. The amount of training received by workers are measured in hours. The higher the training hours, the higher the amount of training which a worker has undergone and the higher will be the value of that worker to the company.
9. C
Each company is expected to have a base amount of $1,000 for each new worker that is hired. The company may decide to eliminate all other recruiting costs but this base amount can not be eliminated.
10. SEPARATION COST [C].
Separation cost are incurred when production level decreases and/ or automation level increases.
Separation cost refers to the cost that is needed to lay off an employee from an organisation. When the production level decreases or the company decide to automate their production processes, then some workers will have to be sacked and these workers have to be paid some money before they leave the company. This result in increase in the amount of money that the company will spend on separation cost.

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3 years ago

The difference between the actual cost incurred and the standard cost is called the?

Taya2010 [7]

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1 year ago

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Romashka [77]

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<h3>Standing plans </h3>

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Examples of standing plans include policies for hiring, employee interaction, procedures for reporting internal issues, or complaints to the HR department, etc. and regulations in terms of what is permitted and what is prohibited in the workplace.

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2 years ago

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Answer

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Explanation

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