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Mars2501 [29]
3 years ago
11

Amanda Manufacturing Company prepared the following static budget income statement: Revenues $ 125,000 Variable Costs (75,000) C

ontribution Margin 50,000 Fixed Costs (30,000) Net Income $ 20,000 The budgeted costs were based on a planned sales volume of 5,000 units. Actual production was 6,000 units. The amount of net income based on a flexible budget of 6,000 units would have been
Business
1 answer:
Evgesh-ka [11]3 years ago
7 0

Answer:

Based on Flexible Budget Net income is = $30000

Explanation:

First we need to find contribution margin per unit based on static budget

Contribution margin per unit =  Total Contribution Margin / Units Volume

Contribution Margin Per Unit = $50000 / 5000 = $10 Per unit

Now using contribution per Unit we can find total contribution at flexible budget.

Total Contribution margin at flexible budget = Contribution Margin Per Unit x Flexible budget units

Total Contribution Margin = $10 x 6000 Units = $60000

Using Total contribution margin less total fixed cost we can get operating income of flexible budget.

Operating income = Total contribution Margin - Total Fixed cost

Operating income = $60000 - $30000 = $30000

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Answer:

Letter B is correct. Unity of command.

Explanation:

Unity of command is defined as t<u>he importance of respecting hierarchy within an organization.</u> The orders are given by the superiors and the subordinates must comply with them, that is, the orders of those who are at the top of the hierarchy must always be respected and only the superiors are allowed to change them.

When there is a violation of the command unit, several related conflicts can arise, such as lack of consensus among teams, disorganization, failure in the communication process, which negatively impact organizational effectiveness.

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This is true
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2 years ago
Lakeland, Inc. has 25,000 shares of 6%, $100 par value, noncumulative preferred stock and 50,000 shares of $1 par value common s
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Answer:

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Explanation:

The preferred stock is non cumulative which means that in case it does not pay dividends in a certain year, the dividends will no be accumulated and the company will not be obliged to pay these dividends in later year.

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8 0
3 years ago
Primo Industries collected $105,000 from customers in 2019. Of the amount collected, $25,000 was for services performed in 2018.
bearhunter [10]

Answer:

a. $33,000.

b. $36,000.

Explanation:

Net income is calculated as sales minus cost of goods sold, selling, general and administrative expenses, operating expenses, depreciation, interest, taxes, and other expenses. It is also called net earnings.

Now, Cash accounting recognizes revenue and expenses only when money changes hands, but accrual accounting recognizes revenue when it's earned, and expenses when they're billed (but not paid).

a. 2014 Cash-basis net income:

Primo Industries collected $105,000 from customers in 2019

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3 years ago
The strength of a cluster can be measured by comparing the average distance in a cluster to the distance between cluster centroi
swat32

Answer:

The options for this question are the following:

a. 1

b. 2

c. 0.5

d. 1.5

The correct answer is a. 1 .

Explanation:

Group analysis or grouping is the task of grouping a set of objects in such a way that the members of the same group (called a cluster) are more similar, in some sense or another. It is the main task of exploratory data mining and is a common technique in the analysis of statistical data. It is also used in multiple fields such as machine learning, pattern recognition, image analysis, information search and retrieval, bioinformatics, data compression and graphic computing.

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3 years ago
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