A business buying situation in which the buyer reorders something without any modifications is known as a

Osawa, Inc., planned and actually manufactured 200,000 units of its single product in 2017, its first year of operation. Variabl

kompoz [17]

Answer:

The correct answer is C.

Explanation:

<u>The variable costing method incorporates all variable production costs (direct material, direct labor, and variable overhead).</u>

We need to calculate the net operating income:

Sales= 120,000*40= 4,800,000

Total variable cost= (20 + 10)*120,000= (3,600,000)

Total contribution margin= 1,200,000

Fixed manufacturing costs= (600,000)

Fixed operating (nonmanufacturing) costs= (400,000)

Net operating income= 200,000

6 0

3 years ago

Which of the following is a journal entry to recognize the disposal value? A. Manufacturing Overhead Control XXX Workminusinmin

adell [148]

Answer:

B. Materials Control XXX Work in minus Process Control XXX

Explanation:

The journal entry is as follows

Material Control XXX

To Work in process control

(Being the disposal value is recognized)

While recording this given entry we debited the material control account and credited the work in process control so that the correct posting could be done

Hence, the correct option is B.

8 0

4 years ago

Your spouse is a teacher at the local elementary school. Which retirement plan would she most likely have?

Mamont248 [21]

The retirement plan she most likely has is the 401(k)

Well, actually both 401k and 403 b offer similar system of retirement. But 401k is more commonly used by middle-lower class worker, including elementary school teacher

7 0

3 years ago

Diminishing marginal utiliDiminishing marginal utility means that A. the price of two hamburgers is twice the price of one. B. t

4vir4ik [10]

Answer: C beyond a certain point, total utility decreases as income rises

Diminishing marginal utility means that beyond certain point, the total utility from consuming a good decreases, and increasing its consumption monotonically, makes that every additional unit of consumption delivers less utility each time.

This is because most behavioral consumers models try to emulate the principle of scarcity: the less available units of a good, the more it values.
Then, an increasing income would allow us to buy more and more goods, and because of the existance of diminishing marginal utility, we would get less utility from consuming additional units of every goods each time.
As an <u>example</u>,one could think about eating chocolate. The first bar would give us much happiness (utility), but increasing the number of bars consumed would eventually vanish this "happiness".

5 0

4 years ago

Read 2 more answers

Andrews corporation has income from operations of $227,000. in addition, it received interest income of $22,700 and received div

salantis [7]

10,900 + 47,500 = 57,900

3 0

3 years ago

A business buying situation in which the buyer reorders something without any modifications is known as a​ _

A business buying situation in which the buyer reorders something without any modifications is known as a _