Answer:
Part a
Contribution Margin = 29.95% (2 d.p)
Part b
Billing Company
CVP Income for as at September 2017
Total Per Unit
$ $
Sales 295704 444
Less Variable Costs (138084) (311)
Contribution 157620 133
Fixed Costs (59850) 89.86
Net Income 97770 43.14
Part c
Billing`s break even point is 450 units
Part d
Billing Company
CVP Income for as at September 2017 - Break Even Point
Total Per Unit
$ $
Sales 199800 444
Less Variable Costs (139950) (311)
Contribution 59850 133
Fixed Costs (59850) 133
Net Income 0 0
Explanation:
Part a
Contribution Margin = Contribution/Sales × 100
Therefore contribution margin is ($444-$311)/$444 * 100 = 29.95% (2 d.p)
Part b
Sales - Variable Cost = Contribution
Net Income = Contribution - Total Fixed Costs
Part c
Break Even Point is when Billings neither makers a profit or loss.
Break Even Point ( Units) = Total Fixed Cost/Contribution per unit
Therefore Break Even Point (Units) = $59850/$133 = 450 units
Part d
The total and unit CVP should neither reflect a profit or loss at a capacity of 450 units as this is the break even point. In this case profit = nill
Firms collaborate with communities to increase economic development for a variety of reasons, including the development of workplace skills.
What is economic development?
Programs, methods, plans, policies, and actions that raise the standard of living in a country are referred to as "economic development."
The development of workplace skills contributes to economic growth by enhancing an employee's efficiency and working style. With the use of new technology, the firm has rapidly grown.
As a result, development of workplace skills to increase economic development.
Learn more about on economic development, here:
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Answer:
$76,640
Explanation:
The solution of profit attributable to the non-controlling interest is provided below:-
Percentage of equity share capital = 100% - Equity share capital percentage
= 100% - 60%
= 40%
As we know that if profit percentage is 25% on cost so sale percentage is equals to 20%
So,
Profit on sale value = Sale percentage × Sale value
= 20% × $60,000
= $8,400
now,
Total adjust profit = Profit after tax - Unrealized profit on unsold stock
= $200,000 - $8,400
= $191,600
and, after the total adjust profit finally
Profit attributable to the non-controlling interest = Total adjust profit × Percentage of equity share capital
= $191,600 × 40%
= $76,640
Well because a retrospective or ex post facto study offers a higher level of control than a correctional study!!