Answer:
1. 3
2. $382,400
Explanation:
The computation is shown below:
The computation of the degree of operating leverage is shown below:
= (Contribution margin) ÷ (Contribution margin - Fixed costs)
= ($717,000) ÷ ($717,000 - $478,000)
= $717,000 ÷ $239,000
= 3
Now the increase in percentage of income
= 20% × 3
= 60%
So, the expected of income is
= $239,000 × 100 + 60%
= $239,000 × 160%
= $382,400
Answer:
B) Materials quantity variance
Explanation:
Provided that actual and standard price per raw material is same, therefore the price variance will be 0 as there is no difference.
Also provided that actual quantity is more than budgeted, therefore there will be an impact on material quantity variance.
As Material Quantity Variance = (Standard Quantity - Actual Quantity) Standard Price
Since here actual quantity will be more than standard, there will be an unfavorable variance.
Thus correct option is,
B) Materials quantity variance
Answer:
"In the United States, currency holdings per person average about"
a. $110; one explanation for this relatively small average is that many people use credit and debit cards to make transactions.
Explanation:
Many persons in the United States prefer the use of credit and debit cards to cash because they make it easier to settle transactions. Whereas a debit card allows one to spend money from deposited funds at the bank, a credit card gives the holder the ability to borrow money from the card issuer to purchase items or withdraw cash. There are credit card limits so that the cardholder does not withdraw above an established limit.
Answer:
Considering selling the items and donating cash instead