An account never used in a service business is

Stuart Manufacturing Company established the following standard price and cost data. Sales price $ 8.80 per unit Variable manufa

____ [38]

Answer:

Pro forma income statement - in a master budget

Sales ($ 8.80×2,200 units) $19,360

Less Cost of Goods sold

Cost of Goods Manufactured

Variable manufacturing cost ( $ 3.30 × 2,200 units) ($7,260)

Contribution $12,100

Less Expenses :

Fixed manufacturing cost ($ 2,300)

Fixed selling and administrative cost ($ 900)

Net Income $8,900

Pro forma income statement - in a flexible budget

Sales ($ 8.80×2,400 units) $21,120

Less Cost of Goods sold

Cost of Goods Manufactured

Variable manufacturing cost ( $ 3.30 × 2,400 units) ($7,920)

Contribution $13,800

Less Expenses :

Fixed manufacturing cost ($ 2,300)

Fixed selling and administrative cost ($ 900)

Net Income $10,600

Explanation:

The master budget is adjusted to match the actual level of output. This is known as flexing the budget.

5 0

3 years ago

Is it surprising to you that a relatively small company like Sunny Delight could end up with so many different analytics tools?

shusha [124]

Answer:

See attached file

Explanation:

4 0

3 years ago

Assume that the required reserve ratio is 25 percent. If the Federal Reserve sells $120 million in government securities to the

earnstyle [38]

Answer: Option (B) is correct.

Explanation:

Given that,

Reserve ratio = 25%

Fed reserve bank sells (securities) to public = $120 million

When a central bank sells the government securities to the public then as a result money supply in an economy decreases. This is an instrument of monetary policy known as " Open market Operations".

The supply of money is directly decreases by $120 million.

and

Money creating potential of banks = Amount of securities × $(\frac{1}{rr} - 1)$

= 120 × $(\frac{1}{0.25} - 1)$

= 120 × 3

= $360 million

Hence, a decrease in money supply could eventually reach a maximum of $360 million.

5 0

3 years ago

CraftWare Inc., a furniture manufacturer, uses ABC analysis to define its inventory value. The inventory contains wood, cast iro

Shalnov [3]

Answer:

d. wood

Explanation:

A Class C-item refers to items that have the lowest consumption value which is the lower 5% of the annual consumption value and it applies to the 50% of the total inventory items. Therefore based on this information and the information provided within the question it can be said that the class C item in this scenario would be wood.

8 0

3 years ago

Neorealist scholars argue that bipolar international systems are

Setler79 [48]

Kenneth Waltz known for being Neorealist scholars argue that international system are more stable than multi-polar system. The neorealist scholar, Kenneth waltz contend that international system are more stable than multi-polar system. It is more stable not less stable than multi-polar system.

4 0

4 years ago