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4 years ago

Pippen Co. recorded operating data for its shoe division for the year. The company's desired return is 5%.

Business

1 answer:

Alexeev081 [22]4 years ago

8 0

Answer:

Option (a) is correct.

Explanation:

Given that,

Sales = $1,000,000

Contribution margin = 200,000

Total direct fixed costs = 120,000

Average total operating assets = 400,000

Controllable margin for the year:

= Contribution margin - Controllable fixed cost

= $200,000 - $120,000

= $80,000

Therefore, the controllable margin for the year is $80,000.

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Aneli [31]

Answer: conducting lectures in sustainable agriculture

Explanation: the description states that they help with environmental rights there for leading to agriculture and showing why they would support this activity

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3 years ago

During the month of April, direct labor cost totaled $15,000 and direct labor cost was 40% of prime cost. If total manufacturing

Aleonysh [2.5K]

Answer:

Manufacturing overhead= $39,500

Explanation:

Giving the following information:

Direct labor= $15,000

Direct labor cost was 40% of prime cost.

Total manufacturing costs= $77,000

First, we need to calculate the prime cost:

Prime cost= direct material + direct labor

Prime cost= 15,000/0.4= 37,500

Now, we can determine the manufacturing overhead:

Manufacturing overhead= total manufacturing costs - prime costs

Manufacturing overhead= 77,000 - 37,500

Manufacturing overhead= $39,500

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3 years ago

The bullet points beneath a one-line mission statement often serve as A. value statements to show how the mission will be achiev

umka21 [38]

Um, Hello there. The answer to your question is probably going to be.


The bullet points beneath a one-line mission statement often serve as
A. value statements to show how the mission will be achieved.
B. a timeline for achieving the company's goals.
C. lesser goals to consider for the future.
D. a reminder of the one-line statement.

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4 years ago

Read 2 more answers

7. Connor has identified the need to make changes in the efficiency of his customer service

Zepler [3.9K]

Answer:

A) coordinate recruitment and compensation activities

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4 years ago

Rockville, Inc. which uses a job costing system, began business on January 1, 20X3 and applies to manufacture overhead on the ba

Elan Coil [88]

Answer:

Rockville's ending WIP inventory= $ 135,000

Rockville's COG Manufactured Total Cost of Goods Manufactured = $ 815,000

Net Income $ 793,800

Explanation:

Rockville, Inc.

Budgeted Direct Labor $200,000

Manufacturing Overhead $250,000,

Job number DM DL

#1 $145,000 $35,000

#2 320,000 65,000

#3 55,000 80,000

Rockville's ending WIP inventory= Job#3 = Direct Materials + Direct Labor = 55,000 + 80,000= $ 135,000

Rockville's COG Manufactured

= Job #1 + Job #2= Direct Materials + Direct Labor = $145,000 + $35,000 + 320,000 + 65,000= 565,000

Applied Overhead $250,000

Total Cost of Goods Manufactured = $ 815,000

Less Ending Inventory $ 135,000

Cost of Goods Sold= $ 500,000

Actual Manufacturing Overhead = $ 233,000

Applied Overhead $250,000

Less Over applied Overhead $ 17,000

Adjusted Cost of Goods Sold $ 483,000

Rockville's income statement.

Sales $ 798,000*1.6= $ 1276,800

Less COGS $ 483,000

Net Income $ 793,800

7 0

4 years ago