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
Papessa [141]
4 years ago
12

Using ABC in a service company

Business
1 answer:
Ilia_Sergeevich [38]4 years ago
6 0

Answer:

Blanchette Plant Service

ABC Costing Technique:

1. Total cost of the Kerry job:

Plants =            $750

Direct labor =  1,300

Total cost = $2,050

2. Determination of operating income or loss (Kerry's job):

Service Revenue =   $3,540

less cost of service    2,050

Operating income = $1,490

3. With desired operating income of 30% of cost:

Operating income = $615 ($2,050 x 30%)

The company can charge the Kerry job $2,665 ($2,050 + 615) or ($2,050 x 1.3)

Explanation:

Operating income or loss is the difference between revenue and costs of providing the services or goods.  When the revenue exceeds the operating cost, the difference is an operating income.  When the revenue is exceeded by the operating cost, the difference is an operating loss.  While the former means that the organization has added value to its resources, the latter implies that the organization has lost some value to its resources, thereby reducing the equity of the owners in the business entity.

You might be interested in
The Gold Standard Act of 1900 ended the standard known as
iVinArrow [24]

The gold standard of the 1900 ended the system that is known as the practice of bimetallism.

The gold standard act of the year 1900 was signed by President McKinley. This made gold to be the singular basis for the redemption of paper money in the United States.

This signing by the president was what put  halt to what was regarded as bimetallism. This was the system that also allowed the use of silver also for the sake of monetary purposes.

Read more on brainly.com/question/1540408?referrer=searchResults

4 0
3 years ago
In addition to paying $100 per month for health insurance. Jaine is responsible for paying her first $500 of medical bill every
kupik [55]

Answer:

It is called a co-pay.

Explanation:

"A copay is a fixed out-of-pocket amount paid by an insured for covered services." - https://www.investopedia.com

8 0
3 years ago
Jeff earns well and belongs to a good team, but he is quite dissatisfied with his boss and the critical remarks he receives desp
creativ13 [48]

Answer: D.) Supervision

Explanation: In an organizational setting, it is imperative to oversee, monitor, evaluate and carry out performance appraisal of workers or employees in other to access and ensure that workers carry out their fuctions as perfectly as possible based on organizational benchmark and standard. The supervisory role is usually overseen by an individual of higher position who who inturn gives a verdict or remark based on the employee's performance. In the scenario above, Jeff's lack of job satisfaction could be traced to Supervision due to the critical remark he earns despite giving best.

3 0
4 years ago
In the current year, Wilson Enterprises, a calendar year taxpayer, suffers a casualty loss of $142,500. The casualty was attribu
lara [203]

Answer:

1. As this is a personal loss, the claim for casualty loss is:

= Loss Amount - $100 - 10% of Adjusted Gross Income (AGI)

= (142,500 loss - 79,750 insurance payout) - 100 - (10% * 362,500)

= $26,400

2. As a corporation:

Corporations do not get the $100 and AGI adjustment. Deductible casualty loss is:

= 142,500 loss - 79,750 insurance payout

= $62,750

7 0
3 years ago
Brazil has a population of about 210​ million, with about 150 million over the age of 15. Of​ these, an estimated 25​ percent, o
Slav-nsk [51]

Answer:

B)Since the development of human capital is an important determinant of economic​ growth, Brazil's literacy and reading rates suggests its potential economic growth rate is lower.

Explanation:

From the question, we are informed about Brazil having a population of about 210​ million, with about 150 million over the age of 15. And Of​ these, an estimated 25​ percent, or 37.5 million​ people, are functionally illiterate, and also compare how the typical literate individual reads only about two nonacademic books per​ year, which is less than half the number read by the typical literate U.S. or European resident.

From the view of New growth theory,the option that explains the implications of​ Brazil's literacy and reading rates for its growth prospects is that Since the development of human capital is an important determinant of economic​ growth, Brazil's literacy and reading rates suggests its potential economic growth rate is lower.

New growth theory, which was attributed to Paul Romer, explains about Economic growth in the long run in related to internal factors of with knowledge as well as human capital. In this scenario Brazil should arrive to make sure the literacy rate among people is increased as possible

7 0
4 years ago
Other questions:
  • Negative externalities lead markets to produce
    9·1 answer
  • During August, Department Z started and completed 90,000 units and also finished 18,000 units that were 75% completed on July 31
    9·1 answer
  • Dorcan Corporation manufactures and sells T-shirts imprinted with college names and slogans. Last year, the shirts sold for $7.6
    6·1 answer
  • MegaRock produces quick setting concrete mix. Production of 200,000 tons was started in April, 190,000 tons were completed. Mate
    10·1 answer
  • A firm producing good y recently increased monthly production from​ 1,500 units to​ 2,000 units. this had no impact on the marke
    14·1 answer
  • When applying manufacturing overhead to jobs, the formula to calculate the amount is as follows: A. Predetermined overhead rate
    10·1 answer
  • Ju Li believes that her sales force should sell in a conventional sense by identifying prospective clients, such as the Coffee C
    5·1 answer
  • Following is information on two alternative investments being considered by Jolee Company. The company requires a 10% return fro
    11·1 answer
  • Allure Company manufactures and distributes two products, M and XY. Overhead costs are currently allocated using the number of u
    8·1 answer
  • The management of Mitchell Labs decided to go private in 2002 by buying all 3.30 million of its outstanding shares at $17.50 per
    5·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!