Answer:
Unitary variable cost= $40
Total variable cost= $800,000
Explanation:
Giving the following information:
Direct materials $ 10 per unit
Direct labor $ 20 per unit
Overhead costs for the year Variable overhead $ 10 per unit
Fixed overhead $ 160,000
Units produced 20,000 units
Unitary variable cost= direct material + direct labor + manufacturing overhead= 10 + 20 + 10= $40
Total variable cost= 20000units* 40= $800,000
Answer: Cost of Goods sold
Explanation:
Common size analysis refers to making all entries in the income statement, a percentage of sales for that year.
Current Year Prior Year
Sales 100% 100%
Cost of Goods sold 75.7% 46.5%
Gross Profit 24.3% 53.5%
Operating expenses 17.3% 35%
Net Income 7.0% 18.5%
<em>Looking at the percentages above, one can see that the COGS increased the most from the previous year by going from 46.5% to 75.7% representing an increase of 29.2%.</em>
<em>This had the most impact on Net income as it substantially reduced Gross profit. </em>
Answer:
5300
Explanation:
assets=equitys +liabilities
According to the historical and information record, the <u>Fair Labor Standards Act of 1938</u> established a minimum wage and overtime pay for employees working more than 40 hours a week.
<u>Fair Labor Standards Act of 1938</u> was made to improve the working conditions of employees and also protect their rights against exploring employers.
The <u>Fair Labor Standards Act of 1938</u> established standards on minimum wage, working hours, and oppressive child labor.
Hence, in this case, it is concluded that the correct answer is the "<u>Fair Labor Standards Act of 1938."</u>
Learn more here: brainly.com/question/15966261
Answer:
a.the reorder point = lead-time demand
Explanation:
The reorder point is when there needs to be a replenishment of depleted stock of inventory.
Lead time is the time between when an order is placed and when delivery of goods and services is made.
So when there is constant demand and fixed lead time, there is no need to keep excess inventory as demand has been anticipated and inventory for the demand is available.
Also the lead time demand from order to delivery is also fixed because demand has been provided for already.
Thus reorder point= lead time demand
