Answer:
sale is $4000
Explanation:
given data
margin ratio = 25%
sales = $260,000
operating profit = $66,000
solution
we get here Break even sales that is express as
Break even sales = Fixed expense ÷ Contribution Margin Ratio ...........1
put here value
$260,000 = Fixed Expenses ÷ 25%
Fixed Expenses = $65000
so here we consider sale is = x
we know net income is express as
Net Income = Contribution - Fixed Expenses ................2
so Contribution = 25% x
put value in equation 2
25% x - $65000 = $66,000
solve it we get
x = 4000
so sale is $4000
B eight minutes gives you plenty of time to share and learn what you need to know
Answer: inefficient because Steven and Ingrid could have made a mutually beneficial trade.
Explanation:
Regarding the question, Ingrid was waiting for "Mamma Mia!" show to come to town; it eventually came with tickets cost of $60. Even though Ingrid's reservation price was $75, he was not able to get a ticket as they had been sold out.
On the other hand, Steven got a ticket for $60 even though his reservation price for the ticket was $65. Steven eventually attended "Mamma Mia!" show while Ingrid does not. This is an inefficient situation because Steven and Ingrid should have made a mutually beneficial trade which could have happened if Steven had sold Ingrid the ticket for the show for $70 and they would have been better off.
Answer:
7,500 Unfavorable
Explanation:
Standard rate = $5 per pound
Actual quantity = 37,500 pounds
Direct labor quantity variance:
= Standard rate × (Standard quantity - Actual quantity)
= 5 × [(12,000 units × 3 pounds) - 37,500 pounds]
= 5 × [36,000 pounds - 37,500 pounds]
= 5 × 1,500
= 7,500 Unfavorable
Therefore, the direct materials quantity variance was 7,500 Unfavorable.
Answer:
Option A is the correct answer,no adjustment is needed.
Explanation:
When related companies sell to each other,the sales transaction is not sales in actual sense,as it is likened to the left hand of an individual exchanging cash with the right hand,in other words, the cash is still owned by the same person.
The same concept is applicable to subsidiaries and parent,the sales recorded from a group perspective is when they sold to external third parties.
When sales happen between related companies, a provision for unrealized profits has to be made to the tune of inventory purchased from related companies not yet sold externally,as the whole of the goods have been to third parties, no such provision or adjustment is required.
