Preliminary calculations:3 units of A at $ 55.00 each - $ 165.004 units of B at $ 30.50 each - $ 122.001 unit of C at $ 32.00 each - $ 32.00Selling price of a composite unit - $ 319.00
Contribution margin of A ($ 165.00 x 30%) - $ 49.50Contribution margin of B ($ 122.00 x 25%) - $ 30.50Contribution margin of C ($ 40 x 50%) - $ 20.00Contribution margin of composite unit - $ 100.00
(a) Break-even point in composite units = $ 67,200 / $ 100 = 672 composite unitsBreak-even point in sales dollars = 672 x $ 319 = $ 214,368.00
(b) At break-even point,672 x 3 = 2,016 units of A672 x 4 = 2,688 units of B672 x 1 = 672 units of C
Answer: Examining the construction work orders supporting items capitalized during the year.
Explanation:
When the Auditors start to examine the work orders that support the Capitalization of items during the year, they will come across the work order for Painting the Warehouse.
Painting a warehouse is not to be capitalized if it had nothing to do with getting the warehouse ready for use by the company.
Answer:
adult; inelastic.
Explanation:
Data provided in the question
Increase wage rate percentage is 10%
And, the given supply percentage is 7%
As there is no information given in the question related to the teenager and adult so we assume that the data is given for adult
Since the wage rate is increase by 10% which reflects the adults worker and due to which the supply is 7% more labor. So the elasticity of labor supply is inelastic as the supply is less than the wage rate so it cannot be perfectly elastic
Answer:
A board of directors that act in the best interests of the shareholders to create long term value.
Explanation:
Sarbane oxley acts is a law law that was created to protect the interest of every shareholder . One of its requirement is a good composition of the board of directors considering their skills and independent requirement. It also emphasize the need for strong compliance with ethical standard in the interest of the shareholders.
Therefore , one of the key responsibilities of the board of directors is to act in the best interests of shareholders to create long term values. By so doing , managerial behavior will be monitored for compliance to ethical standard
Answer:
The correct answer is letter "B": journal to the ledger.
Explanation:
The activity in which accountants transfer information from the journals to the general ledger is called posting. By posting, only the balances are transferred to the general ledger, not individual transactions. There are no set intervals in which postings should be made. It depends on how often the activities of the company requests it.
