Answer:
Instructions are listed below.
Explanation:
Giving the following information:
Mettel Products sells 100,000 flash drives annually to industrial distributors who resell the drives to business customers for $40 each. The distributors’ margins are 25%. Mettel Products’ cost of goods sold is $10.00 each. Mettel’s total variable costs (including selling costs) are $15.00 per drive.
Selling price= 40/1.25= $32
A) Gross margin= 32 - 15= 17
%= 53%
B) Mettel is considering increasing its annual advertising spending from $75,000 to $150,000.
Break-even point= fixed costs/ contribution margin
Break-even points= 150,000/17= 8,824 units
C) Break-even points= 75,000/14= 5,357 units
Answer:
Product Mix
Explanation:
Product Mix is defined as the combination of products produced to increase the market share of the company and ultimately the profits for a company. The Procter and Gamble (P&G) Company produces many different products including deodorants, cookies, shampoo, cake mix, disposable diapers, laundry detergents, bar soaps and many other types of products to increase the market share of the company.
True.The financial crisis hastened the ongoing process in which the financial services industry was transforming from having a few large firms to many small firms.
Explanation:
The financial crisis broke the back of many big firms especially working the stock market and exchange. Financing services were being handled by big behemoths during the time that harbored a lot of space in the industry and did not allow smaller firms to take over the tasks and succeed in their stead.
The crisis made it impossible for their business models to sustain and no one could afford a hefty sum for financial services so smaller companies with less operational costs took their place.
Answer:
$612,230
Explanation:
Since in the question it is mentioned that the company used the job order cost system for production of specialty patio furniture
Also there is various balances mentioned in the question
Now the total of all open job order cost is equivalent to the work in process amount i.e. $612,230 and the same is to be considered
Hence, the total is $612,230