1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Ne4ueva [31]
3 years ago
8

Dimitrov Corporation, a company that produces and sells a single product, has provided its contribution format income statement

for July.
Sales (6,800 units) $401,200
Variable expenses 265,200

Contribution margin 136,000
Fixed expenses 103,500
Net operating income $32,500



If the company sells 6,700 units, its net operating income should be closest to:

a. $31,979
b. $32,500
c. $28,000
d. $30,500
Business
1 answer:
makkiz [27]3 years ago
8 0

Answer:

Option (d) is correct.

Explanation:

Contribution margin per unit:

= Contribution margin ÷ No. of units sold

= 136,000 ÷ 6,800

= $20 per unit

If the company sells 6,700 units, then

Net operating income:

= Contribution margin - Fixed expenses

= (6,700 units × $20 per unit) - $103,500

= $134,000 - $103,500

= $30,500

Therefore, the net operating income of this company is closest to $30,500.

You might be interested in
On June 1, 2021, Royal Property Management entered into a one-year contract to oversee leasing and maintenance for an apartment
bekas [8.4K]

Answer:

$9,041

Explanation:

The computation of the total amount of revenue Royal should recognize on contracts in November of 2021 is shown below:-

Revenue to be recognized for 4 months = $62,000 × 4 ÷ 12

= $20,667

Total Fees = $62,000 + ($62,000 x 15%)

= $71,300

Revenue recognized at the end of November

= $71,300 × 5 ÷ 12

= $29,708

Revenue recognized in November of 2021

= Revenue recognized at the end of November  - Revenue to be recognized for 4 months

= $29,708 - $20,667

= $9,041

7 0
3 years ago
What is a common association detection analysis technique where you analyze certain items to detect customers' buying behavior a
adelina 88 [10]

Answer:

Regression analysis

Explanation:

Regression Analysis involves looking at past behavior to predict future behavior. By looking for predictors within past data, it can be determined  how well those factors can predict a future outcome.

5 0
3 years ago
A performance rating error in which the rater tends to give employees either extremely high or extremely low ratings is referred
victus00 [196]
D. leniency is based on when somebody rates an employee too high. Strictness error is when somebody was rated very very low.
3 0
3 years ago
​Electric, Inc. was incorporated on January​ 1, 2016. Electric issued 7 comma 000 shares of common stock and 1 comma 200 shares
marta [7]

Answer:

$48,000

Explanation:

The computation of the total amount paid to the preferred shareholder is shown below:

= Number of preferred stock shares × par value × dividend rate × number of years

= 1,200 shares × $100 × 10% × 4 years

= $48,000

Simply we multiplied with the number of preferred stock with the par value, its dividend rate and the time period so that the correct value can come

All other information which is given is not relevant. Hence, ignored it

7 0
3 years ago
Amberjack Company is trying to decide on an allocation base to use to assign manufacturing overhead to jobs. The company has alw
svetoff [14.1K]

Answer:

Results are below.

Explanation:

Giving the following information:

Estimated Value Actual Value

Manufacturing overhead cost $732,000 $842,000

Direct labor hours 14,640 hours 16,600 hours

<u>To calculate the predetermined manufacturing overhead rate we need to use the following formula:</u>

Predetermined manufacturing overhead rate= total estimated overhead costs for the period/ total amount of allocation base

Predetermined manufacturing overhead rate= 732,000 / 14,640

Predetermined manufacturing overhead rate= $50 per direct labor hour

<u>Now, we can allocate overhead:</u>

Allocated MOH= Estimated manufacturing overhead rate* Actual amount of allocation base

Allocated MOH= 50*16,600

Allocated MOH= $830,000

<u>Finally, the over/under allocation:</u>

Under/over applied overhead= real overhead - allocated overhead

Under/over applied overhead= 842,000 - 830,000

Underapplied overhead= $12,000

8 0
3 years ago
Other questions:
  • Computer Consultants Inc. is considering a project that has the following cash flow and cost of capital (r) data. What is the pr
    9·1 answer
  • 5. Deutsche Bank quotes bid–ask rates of $1.3005/€ - $1.3007/€ and ¥104.30 - 104.40/$. What would be Deutsche Bank’s direct aski
    12·1 answer
  • On december 31 there were 26 units remaining in ending inventory. using the fifo inventory valuation method, what is the cost of
    10·1 answer
  • Since the requirements for privacy reach across the organization, the privacy specialist works with appropriate ____ to ensure t
    5·1 answer
  • Companies usually prefer hiring third-country nationals for filling positions in host-countries. True False
    12·1 answer
  • State governments are responsible for sharing the costs with the federal government of all of the following except _____.
    12·2 answers
  • Industrial tools owes you $38,600. this amount is seriously delinquent so you have offered to accept weekly payments for one yea
    14·1 answer
  • Which of the following possible provisions of a bond indenture is designed to ease the burden of principal repayment by spreadin
    15·1 answer
  • You are a management accountant for Time Treasures Company, whose company has recently signed an outsourcing agreement with Spot
    12·1 answer
  • In addition to providing products and services, which of the following can a business often create? Need for economic policy cha
    11·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!