Answer:
c. the effect on net income will depend on the behavior pattern of various costs.
Explanation:
When sales volume increases or decreases, to determine the effect of this on net income it is important know the behavior pattern of a cost because costs also affect the net income and they have show different patterns. Variable costs will increase or decrease according to the variation of the quantities sold and fixed cost tend to stay the same. However, they may change if, for example, it is necessary to rent a bigger space to be able to increase production and this increase in a fixed cost might take the effect in the net income of an increase in the sales volume. So, understanding this type of behavior is important to understand how changes in sales volume can affect the net income.
Answer:
Cost of goods manufactured:
Beginning WIP 20,000
cost added 920,000
total cost 940,000
ending WIP (40,000)
COGM 900,000
Explanation:
First, we calcualte the direct materials used into production:
Beginning Raw Materials 20,000
Purchases 400,000
Ending Raw materials 30,000
used Indirect materials (15,000)
Used into production 375,000
Second, the cost added which si the sum of the three main cost components
Cost added during the period:
materials 375,000
direct labor 60,000
Applied Overhead <u> 485,000 </u>
Total added: 920,000
Then we can determinate the COGM
ecause the overapplication of overhead is done directly throught cost of goods<em><u> sold</u></em> we disregard this informaiton
Productivity, hope this helps:)
Answer:
Crisis management is the systematic attempt to prevent or manage organizational crises, that is, a serious emergency in which the functioning of an organization is seriously disrupted.
Crisis management encompasses methods to predict, assess, analyze and prevent emergency situations. A step prior to crisis management is to prevent technical and human failure. The response is then discussed: agreements are made about how command structures and lines of communication operate in the event of a crisis. In particular, the onset of a crisis is often chaotic and plans are drawn up for this until recovery and normalization of the situation occurs.
Answer: 6.67%
Explanation:
Return on Investment is calculated by dividing Income from operations by average total assets.
Average Total Assets = (Beginning Value + Closing Value) / 2
= (2,700,000 + 3,300,000 )/2
= 6,000,000/2
= $3,000,000
Return on Investment = Income from operations/ Average Total Assets
Return on Investment = 200,000/3,000,000
Return on Investment = 0.06667
= 6.67%