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3 years ago

8

what is the government-regulated distribution of a good that is in low supply. A. Surplus B. Shortage C. Rationing D. Price floo

r

2 answers:

pshichka [43]3 years ago

5 0

C. rationing is the regulation of goods

andrew11 [14]3 years ago

4 0

I want to say it's C.)

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Exercise 06-5 Absorption costing and variable costing income statements LO P2 Rey Company’s single product sells at a price of $

Andru [333]

Answer:

1. Income statement for the year

using Absorption Costing

Selling price ( 20,000 x $216 ) $4,320,000

Direct materials ( 20,000 x $20 ) $400,000

Direct labor ( 20,000 x $28 ) $560,000

Variable overhead ( 20,000 x $6 ) $120,000

Fixed overhead <u>$160,000</u>

Total Production Cost <u>($1,240,000)</u>

Gross Profit $3,080,000

Selling and Admin Expenses

Variable Cost ( 20,000 x $18) $360,000

Fixed Cost <u>$200,000</u>

Total Period Cost <u>($560,000)</u>

Operating Income <u>$2,520,000</u>

2. Income statement for the year

using Variable Costing

Selling price ( 20,000 x $216 ) $4,320,000

Direct materials ( 20,000 x $20 ) $400,000

Direct labor ( 20,000 x $28 ) $560,000

Variable overhead ( 20,000 x $6 ) $120,000

Variable Cost S&A ( 20,000 x $18) $360,000

Variable Production Cost <u>($1,440,000)</u>

Contribution Margin $2,880,000

Fixed Cost

Production overhead cost $160,000

Fixed Cost S&A <u>$200,000</u>

<u>($360,000)</u>

Operating Income <u>$2,520,000</u>

Explanation:

Variable and absorption costing income statement have difference of treatment of Variable and Fixed costs as production cost and period cost.

Variable costing consider all variable costs as production cost and Absorption costing consider all the cost incurred in production either variable or fixed as production cost.

3 0

3 years ago

A company has net income of $187,000, a profit margin of 8.6 percent, and an accounts receivable balance of $126,370. assuming 6

Olegator [25]

The solution for this problem is get first the total sales, credit sales and receivables turnover.
187,000 / 0.086 = $2,174,418 this is your total sales

2,174,418 x 60% = $1,304,651 is your credit sales

1,304,651 / 126,370 = 10.32 times is the Receivables turnover

365 / 10.32 = 35.37 days is the day's sales in receivables

7 0

4 years ago

Google Maps is a web mapping service that provides street maps and directions. A Google Maps component can be added to a busines

Hoochie [10]

Answer:

(C) Service-oriented architecture

Explanation:

Service-oriented architecture -

It is a type of software which is designed , to provide the services to other components via application components via a communication protocol in a network .

The principle of SOA does not depend on technologies , products , vendors .

<u>The properties of SOA are as follows - </u>

1. It is a black box for the consumers .

2. It may consist of other underlying services .

3. It is self-contained .

4. It represents the activity of business with a specified outcome .

6 0

3 years ago

Gwen had $463.24 in her checking account, and a check that she wrote to her landlord for $470.00 was just deposited. this will r

kenny6666 [7]

I beleive it is

A. Overdraft fee

4 0

3 years ago

Brent is a full-time exempt employee in Clark County, Indiana. He earns an annual salary of $39,360 and is paid semimonthly. He

serious [3.7K]

Answer:

Federal Income tax ⇒ $80
FICA ⇒ $125.46
State income tax ⇒ $52.97
Local deduction - Clark County Income tax ⇒ $29.52

Explanation:

Brent gets paid semi-monthly so his pay per period is:

= 39,360 / (12 months *2)

= $1,640

Based on the table therefore, his federal tax is:

= $80

This figure is based on the intersection between income of $1,640 and 3 withholding allowances.

FICA tax rate is 7.65% so his FICA tax is:

= 1,640 * 7.65%

= $125.46

State income tax = $52.97

Local deduction - Clark County Income tax = $29.52

Total deductions:

= Federal tax + FICA + State income tax + Clark County income tax

= 80 + 125.46 + 52.97 + 29.52

= $287.95

3 0

3 years ago