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Yakvenalex [24]
3 years ago
13

Cherokee Manufacturing Company established the following standard price and cost data: Sales price $ 12.00 per unit Variable man

ufacturing cost $ 7.20 per unit Fixed manufacturing cost $ 3,600 total Fixed selling and administrative cost $ 1,200 total Cherokee planned to produce and sell 2,000 units. Actual production and sales amounted to 2,200 units. Required Prepare the pro forma income statement in contribution format that would appear in a master budget. Prepare the pro forma income statement in contribution format that would appear in a flexible budget.
Business
1 answer:
blagie [28]3 years ago
4 0

Answer:

<u>Pro forma income statement in contribution format</u>

Sales ( 2,200 units × $ 12.00)                                        26,400

Less Variable Costs :

Variable manufacturing cost ( 2,200 units × $ 7.20)   (15,840)

Contribution                                                                    10,560

Less Expenses :

Fixed manufacturing cost                                              (3,600)

Fixed selling and administrative cost                            (1,200)

Net Income                                                                      5,760

Explanation:

A flexed budget shows the Budgeted Costs and Revenues at Actual level of production rather than the Budgeted level of production.

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Answer:

The correct answer is letter "B": hygiene factors.

Explanation:

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Though, <em>solving problems related to dissatisfaction will not make employees satisfied. Herzberg concluded that the opposite of satisfaction is no satisfaction and the opposite of dissatisfaction is no dissatisfaction.</em>

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3 years ago
According to the simple monetary model, if money is growing at 5% in the United States and 6% in the United Kingdom, while real
Murrr4er [49]

Answer:

A)

Since the money supply is growing at a much faster rate than real GDP in the US, this means that the inflation rate in the US will be higher than the inflation rate in the UK. In both countries the money supply is growing at a faster rate, but the difference in the US is larger (money supply is growing 67% faster that real GDP), while the money supply in the UK is growing 20% faster than real GDP.  

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If you have US dollars, then you should increase your investments in the UK because the pound will be worth more US dollars in the future.

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According to circus founder P. T. Barnum, what happens without publicity?
almond37 [142]

Answer:

<em>"A terrible thing happens without publicity...</em><em>nothing</em><em>!"</em>

3 0
3 years ago
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The direct labor budget begins with the required production in units from the production budget.
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Answer: $24

Explanation:

Given that,

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Three workers serve = 22 customers per hour

Each customer spends an average of $4 in the store.

Total revenue from Two workers = 16 × $4

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Total revenue from Three workers = 22 × $4

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