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finlep [7]
3 years ago
15

Steelcase Inc. is one of the largest manufacturers of office furniture in the United States. In Grand Rapids, Michigan, it assem

bles filing cabinets in an Assembly Department. Assume the following information for the Assembly Department: Direct labor per filing cabinet 12 minutes Supervisor salaries $150,000 per month Depreciation $24,500 per month Direct labor rate $22 per hour Prepare a flexible budget for 18,000, 20,000, and 22,000 filing cabinets for the month of August in the Assembly Department, similar to Exhibit 5.
Business
1 answer:
Savatey [412]3 years ago
5 0

Answer:

Explanation:

Prepare flexible production budget :

Units or production                18000       20000      22000

Variable cost:    

Direct labor                                 79200       88000      96800

Total variable cost                         79200       88000      96800

Fixed cost:    

Supervisor salaries                 150000       150000      150000

Depreciation                                  24500          24500       24500

Total fixed cost                          174500       174500         174500

Total department cost                  253700       262500         271300

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Saul Goodman graduates from law school and gets a position in a law firm. At the same time the price of pizza falls while other
kumpel [21]

Yes, Saul Goodman is violating Law Of Demand.

<h3><u>What is Law of Demand?</u></h3>
  • One of the most fundamental ideas in economics is the law of demand. It explains how market economies distribute resources and set the prices of goods and services that we see in daily transactions by combining the law of supply.
  • According to the law of demand, the quantity bought varies inversely with price. In other words, the quantity demanded decreases as the price increases. Because of declining marginal utility, this happens.
  • In other words, consumers utilize the initial units of an economic good they buy to fulfill their most pressing requirements first, and they use the subsequent units to fulfill progressively lower-valued goals.

Since, Saul Goodman bought less pizza after its price drop, he's violating the law of demand.

Know more about Law of Demand with the help of the given link:

brainly.com/question/10782448

#SPJ4

6 0
2 years ago
a business expecting to make money and continue in business indefinitely is applying the accounting concept_____________.
algol [13]

Answer:

Going concern

Explanation:

Going concern is an accounting term that means a business is expecting to make money and continue in business indefinitely. It means the business would continue to operate into the foreseeable future without a threat of liquidation.

I hope my answer helps you

8 0
3 years ago
"there is no long run ;there are only short and shorter runs"evaluate that statement.​
kirill115 [55]

Answer:

“There is no long run; there are only short and shorter runs.” Evaluate that statement. If you increase production to an infinitely large level, the average variable cost and the average total cost will merge. Why? The following cell phone offer by Sprint is typical of what one can get on a cell phone plan: 4,000 free minutes for $39.99 a month. The fine print says that only 350 of those minutes are anytime minutes; the remaining are restricted to evening and weekend usage. If you go over your allotted time, you are charged 35 cents per minute for any additional minutes

5 0
2 years ago
Broussard is already at full capacity, so its assets must grow at the same rate as projected sales. At the end of 2019, current
AlekseyPX

Answer: $‭412,600‬

Explanation:

AFN = Increase in assets - Increase in Liabilities - Addition to Retained Earnings

Increase in Assets

= 5,000,000 *  15%

= $750,000

Increase in Liabilities

Only use Accruals and Accounts Payable

= (450,000 + 450,000) * 15%

= $135,000

Additional to Retained Earnings

= After tax Profit

= 9,200,000 * 4%

= $368,000

Addition to retained earnings = 368,000 * ( 1 - payout ratio)

= 368,000 * ( 1 - 45%)

= $202,400‬

Additional Funds Needed (AFN) = 750,000 - 135,000 - 202,400

= $‭412,600

8 0
4 years ago
What must audit firms do to perform financial statement audits for public companies? a. Register with the Public Company Account
TEA [102]

Answer:

a. Register with the Public Company Accounting Oversight Board.

Explanation:

As per the standards of Auditing an auditor has to be registered as an public accounting firm, and then only it can perform audit for public companies.

For this, it has to be registered with PCAOB United States.

where, PCAOB stands for Public Company Accounting Oversight Board.

Therefore, correct option is a.

8 0
3 years ago
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