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lawyer [7]
3 years ago
11

Identity thieves can use your personal information to:

Business
1 answer:
lana66690 [7]3 years ago
5 0
Steal your credit card information, steal your drivers license, and learn about your family and friends.
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Juicy Beauty manufactures and sells a face cream to small specialty stores in the greater Los Angeles area. It presents the mont
KatRina [158]

Answer: Please see explanation column for answer

Explanation:

Recasting  the income statement to emphasize contribution margin.

Juicy Beauty Operating Income Statement, June 2017

Units sold                                                            20,000

Revenues                                                         $200,000

Variable costs(subtract):

Variable manufacturing costs    $110,000

Variable marketing costs             $10,000

Total variable costs                                                 $120,000  

Contribution margin                                                   $80,000

Fixed costs

fixed manufacturing costs                         40,000

Fixed marketing and administrative costs 20,000

Total fixed cost                                                                $60,000

Operating income                                                           $20,000

Working  for income statement above =

Contribution margin = Revenue -Total  variable cost =$200,000- ($110,000 + $10,000) - $80,000

Operating income= Contribution margin - Total fixed cost = $80,000 - $($40,000 +$20,000) -=$20,000

2  The contribution margin percentage and breakeven point in units and revenues for June 2017.

Contribution margin percentage = ,Contribution margin/ Revenue x 100%

= $80,000/ $200,000 x 100= 40 %

Contribution margin per unit = ,Contribution margin/ units sold

                                                   80,000 / 20,000= $4 per unit

Break  even point units  = Total fixed cost/ ,Contribution margin per unit

 = $60,000/ $4=  15,000units

Break even revenue=

we first calculate the selling price = Revenue / units sold = $200,000/ 20,000 =$10

Break even revenue=Break even units x per unit sold = $15,000 x $10 = $150,000.

3. Margin of safety = units sold - break even point unit

20,000 - 15,000 =5000 units

4. If the sales is 16,000 and tax is 30% , Net income is

Units sold                     16,000

Revenue                     $160,000

Contribution margin    $64,000

Total fixed cost           - $60,000

Operation income       $4,000

tax at 30 %                  - $ 1200

Net income                 $2,800

working

Revenue = units sold x sale per unit = 16,000 x $10 = $160,000

Contribution margin = Revenue x contribution margin percentage = $160,000 x 40% = $64,000

Operation income = contribution margin - fixed costs= $64,000 - $60,000 = $4000

Tax = 30% of 4000 = $1200

Net income = $4000 - $1200 = $2,800

3 0
3 years ago
Read 2 more answers
The costs of direct materials are classified as: Conversion cost Manufacturing cost Prime cost A) Yes Yes Yes B) No No No C) Yes
WARRIOR [948]

Answer:

D) No Yes Yes

Explanation:

As we know that

The conversion cost includes the direct labor cost and the manufacturing overhead cost

And, the manufacturing cost records the  

= Cost of direct material cost + Direct labor cost + Manufacturing Overhead cost

And, the prime cost includes the direct material cost and the direct labor cost that is directly related to the production process of the product.

4 0
3 years ago
Read 2 more answers
At the beginning of the period, the Cutting Department budgeted direct labor of $52,350 and supervisor salaries of $42,150 for 3
xxTIMURxx [149]

Answer:

$77,000

Explanation:

Direct Labor = $52,350 (Its varies with the number of Production hours). Hence, $52,350   for 3,490 hours

For 3,800 hours, (52,350/3,490) * 3,800 = $57,000

Supervisor Salaries = $20,000 (Since the Supervisor Salary is not an incremental cost, it is a fixed one). So, the Supervisor Salaries remain $20,000

Net budget (flexible) = $57,000 + $20,000

Net budget (flexible) = $77,000

4 0
3 years ago
A company has inventory that cost $50,000. Its scrap value is $65,000. The inventory could be sold for $150,000 if manufactured
Lemur [1.5K]

Answer:

It is more profitable to continue processing.

Explanation:

Giving the following information:

A company has inventory that cost $50,000. Its scrap value is $65,000. The inventory could be sold for $150,000 if manufactured further at an additional cost of $80,000.

Sell for scrap= 65,000 - 50,000= 15,000

Continue processing= 150,000 - 80,000 - 50,000= 20,000

7 0
3 years ago
Which environment is not an important dimension of a business organization's external environment?
timofeeve [1]

Answer: d. the corporate culture envrionment

Explanation:

5 0
3 years ago
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