Answer:
The company's degree of operating leverage is closest to $840000
Explanation:
Selling price per unit = Sales revenue / No. of bags sold
= $1560000/200000 bags = $7.8 per bag
Variable cost per unit=Total variable expenses/No. of units
= $840000/200000 units = $4.2 per bag
Company’s unit contribution margin = Selling price per unit-Variable cost per unit
= $7.8 per unit-$4.2 per unit = $3.6 per unit
Company's degree of operating leverage = Variables manufacturing expense + Variable selling and administrative expense
=$660000+$180000 = $840000
Answer:
Employment of low wage workers will decrease and which in turn increase the unemployment.
Explanation:
Perfectly competitive labor market, is the one which is described as the composite of many firms or companies that are in the competition for the workers. The firms will not be in power to set the wages for the workers, the market also determines the competitive wage.
But if this is a low wage labor and on that the government establish or form the minimum wage then it will result in the employment of the low wage workers will decrease and the consequence of which is increase in the unemployment.
Note: Options are missing so providing the direct answer
Answer:
Variable cost per unit= $6.6 per unit
Explanation:
Giving the following information:
January: $2,880 330
February: $3,180 380
March: $3,780 530
April: $4,680 660
May: $3,380 530
June: $5,520 730
To calculate the unitary variable cost, we need to use the following formula:
Variable cost per unit= (Highest activity cost - Lowest activity cost)/ (Highest activity units - Lowest activity units)
Variable cost per unit= (5,520 - 2,880) / (730 - 330)= $6.6 per unit
Answer:
a. $349,700
b. $209,900
Explanation:
The computation is shown below:
Before computing the cash payment made to supplier first we have to find out the purchase amount which is shown below:
(a) Change in Finished goods + purchase = Cost of goods sold
-$25,800 + purchases = $307,000
So, the purchase is $332,800
Now
Cash paid to supplier is
= $332,800 + $16,900
= $349,700
And,
(b) Cash paid for operating expenses is
= $229,000 - $8,000 - $11,100
= $209,900
Answer:
How to create a budget?
How to create a budget
Calculate your net income
List monthly expenses
Label fixed and variable expenses
Determine average monthly costs for each expense
Make adjustments
