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tamaranim1 [39]

3 years ago

13

One of the differences between managers and leaders is that managers focus on visions, missions, goals, and objectives, and lead

ers focus solely on productivity and efficiency. a. true b. false

1 answer:

juin [17]3 years ago

6 0

False

Please vote my answer branliest! Thanks.

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Rey Company’s single product sells at a price of $225 per unit. Data for its single product for its first year of operations fol

hram777 [196]

Answer:

Part 1. Prepare an income statement for the year using absorption costing

Sales ($225×29,000) 6,525,000

<u>Less Cost of Sales</u>

Opening Stock 0

Add Cost of Manufactured Goods ($95.83×29,000) 2,842,000

Less Closing Stock 0 2,842,000

Gross Profit 3,683,000

<u>Less Expenses</u>

Selling and Administrative Expenses:

Variable ($27×29,000) 783,000

Fixed 493,000 218,000

Net Income 2,682,000

Part 2. Prepare an income statement for the year using variable costing

Sales ($225×29,000) 6,525,000

<u>Less Cost of Sales</u>

Opening Stock 0

Add Cost of Manufactured Goods ($81.00×29,000) 2,349,000

Less Closing Stock 0 2,349,000

Contribution 4,176,000

<u>Less Expenses</u>

Fixed Manufacturing Costs 493,000

Selling and Administrative Expenses:

Variable ($27×29,000) 783,000

Fixed 493,000 218,000

Net Income 2,682,000

Explanation:

Part 1. Prepare an income statement for the year using absorption costing

Absorption Costing, also known as Full Costing includes Fixed Manufacturing as part of Product Cost.

All Non - Manufacturing Costs are then Presented as Period Costs

Product Cost Per Unit:

Direct materials 29.00

Direct labor 37.00

Variable overhead 15.00

Fixed Overhead 430000/29000 14.83

Total Product Cost 95.83

Part 2. Prepare an income statement for the year using variable costing

Variable Costing, also known as Marginal Costing only includes Variable Manufacturing Costs as part of Product Costs

Fixed Manufacturing and All Non - Manufacturing Costs are then Presented as Period Costs.

Product Cost Per Unit:

Direct materials 29.00

Direct labor 37.00

Variable overhead 15.00

Total Product Cost 81.00

5 0

3 years ago

Read 2 more answers

Suppose that the U.S. government decides to charge cola producers a tax. Before the tax, 35,000 cases of cola were sold every we

galben [10]

Mark brainlest please

Answer:

The amount of tax will be $3
Tax Burden on consumer is $2
Tax burden on producer ( in case you want to know) will be $1

Check the image below.

Tax is equal to the difference between the price actually paid by the buyer and the price actually received by the seller. Tax= Price paid by buyer-Price received by seller Tax= $8-$5 Tax = $3 Thus the tax computed is $3 per case.

3 0

2 years ago

Which of the above diagrams illustrates the effect of an increase in automobile worker wages on the market for automobiles?

ziro4ka [17]

Considering the diagrams (file:///C:/Users/Administrator/Desktop/image...1.webp).
The answer is D only.
The diagram shows a shift in the supply curve. Changes in production cost and related factors can cause an entire supply curve to shift right or left. This in turn causes a higher or lower quantity to be supplied at a given price. Additionally, if the cost of resources used to produce a good increases, sellers or suppliers will be less inclined to supply the same quantity at a given price, and the supply curve will shift to the left. Those factors that increase production efficiency such as technology advances, shifts the supply curve to the right.

7 0

3 years ago

Give 3 examples of showing self-respect?

Scilla [17]

1. Not letting people talk down about you. 2. Not talking down about yourself. Respect other people, if you can’t respect them.. how can you respect yourself ?

6 0

2 years ago

Which of the following would produce the largest increase in the contribution margin per unit? A 14% increase in variable cost.

Rama09 [41]

Answer:

A 7% increase in selling price.

Explanation:

Contribution margin refers to the difference between selling price and variable cost.

Contribution margin:

= Selling price - Variable cost

Net income:

= Contribution margin - Fixed cost

(i) 14% increase in variable cost:

It cannot, because it will decrease the contribution margin.

(ii) 17% decrease in fixed cost:

It cannot affect the contribution margin.

(iii) 15% decrease in selling price:

No, it will reduce the contribution margin.

(iv) 7% increase in selling price:

Yes, it will increase the contribution margin since there is an increase in the selling price.

(v) 23% increase in the number of units sold:

No, it will not impact the selling price or variable cost.

5 0

3 years ago