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3 years ago

Campbell Clothing produces men's ties. The following budgeted and actual amounts are for 2016:

Business

1 answer:

Elina [12.6K]3 years ago

6 0

Answer:

Campbell Clothing

Manufacturing Performance budget Report

For the year ended December 31, 2016

Budget Actual Difference

Direct materials $69,600 $71,000 $1,400 U

Direct labor $87,600 $86,500 $500 F

Equipment depreciation $5,000 $5,000 $0 Nil

Indirect labor $8,700 $8,600 $100 F

Indirect materials $10,440 $9,600 $840 F

Rent and insurance $12,000 $13,000 $1000 U

Total Costs $192,740 $193,700 $960 U

Workings

<u>Planning budget</u>

Direct materials 60,000 * $12 = $69,600

Direct labor 75,000 * $15,000 = $87,600

Equipment depreciation 5,000

Indirect labor 7,500 * $1.50 = $8,700

Indirect materials 9,000 * $1.80 = $10,440

Rent and insurance $12,000

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3 years ago

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masya89 [10]

Answer:

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3 years ago

Occasionally, _________________ may lead to pure monopoly; in other market conditions, they may limit competition ______________

makvit [3.9K]

Occasionally, barriers to entry may lead to pure monopoly; in other market conditions, they may limit competition to a few oligopoly firms

<h3>Do barriers to entry exist in a pure monopoly?</h3>

Due to entrance restrictions that deter prospective rivals, firms acquire monopolistic power. Barriers to entry, or conditions that make it difficult or impossible for potential competitors to participate in the market, give monopolies their market strength.

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1 year ago

When hired at a new job selling jewelry, you are given two pay: _______.A: Base salary of $14,000 a year, with a commission of 1

ipn [44]

Answer:

$105,000

Explanation:

In order for option A to produce a larger income, you would need sell at least $ 105,000 of jewelry?

At $105,000 option A becomes preferred because

12% x 105,000 = $12,600 in addition to base salary = $26,600

BUT

5% x 105,000 = $5250, in addition to base salary of 21,000 = $26,250

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3 years ago

Read 2 more answers

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olasank [31]

If there is an expected shortage of copper, you would expect that the price of copper would go up. The law of supply and demand would say that as a resource becomes more scarce, the price would increase.

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3 years ago