Answer:
Instructions are listed below.
Explanation:
Giving the following information:
The company plans to sell 3,500 pairs of shoes at $60 each in the coming year. The unit variable cost is $21.
1) We need to use the following formula:
variable cost ratio= Variable cost/ selling price
variable cost ratio= 21/60= 0.35
2) We need to use the following formula:
Contribution margin ratio= (selling price - unitary variable cost) / selling price
Contribution margin ratio= (60 - 21) / 60= 0.65
Answer:
contract s not acceptable
Explanation:
Given data:
worth of CCTV coverage contract = $ 80,000
Coverage Cost = $ 74,000
Interest rate = 8.5%
Present value of the CCTV coverage is PV
![PV = \frac{$ 80,000}{1.0850} = $ 73,732.72](https://tex.z-dn.net/?f=PV%20%3D%20%5Cfrac%7B%24%2080%2C000%7D%7B1.0850%7D%20%3D%20%24%2073%2C732.72)
As we can see from above calculation that present value of receivable amount is less than current cost, hence the contract is not acceptable
Answer:
A. $37,400 unfavorable
Explanation:
With regards to the above, variable overhead spending variance is computed as
= (Actual hours × Actual rate) - (Actual hours × standard rate)
= $649,400 - ( 34,000 × $18)
= $649,400 - $612,000
= $37,400 unfavorable
Therefore, Warp's variable overhead spending variance for the month of September is $37,400 unfavorable
Answer: Are you bored because i am
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