Answer:
$7500 less if Product A is made.
Explanation:
The number of units that can be produced for each of the products with 5,000 machine hours are:
The incomes for each of the products are:
Therefore, the income will be $7,500 more if product B is made, or $7,500 less if product A is made.
Answer:
Net operating income= $26,140
Explanation:
Giving the following information:
Fixed costs= $23,000
The contribution margin ratio is 63%.
Sales= $78,000
<u>First, we need to calculate the contribution margin:</u>
Contribution margin= contribution margin ratio*sales
Contribution margin= 0.63*78,000
Contribution margin= 49,140
Net operating income= 49,140 - 23,000= $26,140
Organizational policies originate with top level of management and are disseminated to lower levels for implementation.
Top level of management consists of an organization’s board of directors and the chief executive or the managing director of the company.
It is the ultimate source of power and authority because it oversees the goals or policies, and procedures of a company. Main priority of the top level management is on the strategic planning and execution of the overall business success.
The roles and responsibilities of the top level of management can be summarized as given below:
To lay down the objectives and the broad policies of the business enterprise.
To issue necessary instructions for the preparation of department-specific budgets, as well as schedules or procedures, etc.
To preparing strategic plans and policies for the organization.
To establish controls of all organizational departments.
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Refiners are in the secondary sector of the market because they are taking inputs and making them into products for consumption.