Answer: b. $106,700
Explanation:
The marketing and administrative expense budget is based on budgeted unit sales, which are 5,500 units for June.
The variable marketing and administrative expense is $1.00 per unit. Which is 5,500 units x $1.00 = $5,500.
The budgeted fixed marketing and administrative expense is $101,200.
To get the cash disbursements for marketing and administrative expenses on the June marketing and administrative expense budget should be Variable costs plus fixed costs.
= $5,500 + $101,200
= $106, 700
Answer:
C) The threat of new entrants.
Explanation:
Porter's Five Forces: It's an analysis helpful for the industries to get the understanding of the loopholes and their weaknesses. Porter suggested that anytime a company goes down, there would be one force involved among the following five forces.
- Threat of new entrants.
- Bargaining power of buyers.
- Threat of substitutes.
- Rivalry among existing competitors.
- Bargaining power of suppliers.
In our case:
- Threat of new entrants force is involved: There is always a threat to the existing companies of the new company entering the market. Some companies doesn't take them seriously and ends up getting damaged. And, as the Goldman suggests that new supplies of the rooms in coming years will hurt the existing companies. So they must act on this information and make a decision to change the event for their own better.
It is a false statement that Labor relates only to the production of manufactured goods and that services are not included.
<h3>What is a Labor?</h3>
This is a factor of production that involves individuals & machines that helps to they produce a good or service for a firm.
The reward for a Labor as a factor of production is known as Wages and Salaries.
Therefore, the statement is false because Labor helps in production of both the goods and services.
Read more about Labor
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Answer:Production budget for 2020 =77,000 units
Explanation:
Production budget also referred to as manufacturing budget tells a business the expected units needed to be produced which depends on the sales budget in the inventories ( both closing and opening) so as to meet customers demand.
Units produced = Projected sales + desired ending inventory – beginning inventory
Units Produced/ Production budget for 2020 =87,000 + 22,000 - 32,000
= 77,000 units
0
Answer:
1) YoSan Inc.
Income Statement
For the month ended July 31, 202x
Sales revenue $2,150,000
<u>- Cost of goods sold $1,520,000</u>
Gross profit $630,000
<u>- S & A expenses $300,000</u>
Operating profit $330,000
2) YoSan Inc.
Income Statement
For the month ended July 31, 202x
Sales revenue $2,150,000
- Variable costs:
- Direct materials $800,000
- Direct labor $350,000
- Variable manufacturing cost $130,000
- Variable S & A expenses $170,000 <u>$1,450,000 </u>
Contribution margin $700,000
- Period costs:
- Fixed manufacturing cost $288,000
- Fixed S & A expenses $96,000 <u> $384,000 </u>
Operating profit $316,000
3) When you prepare a variable costing income statement, the ending inventory of finished goods and WIP only includes variables costs. All fixed or period expenses are included during the period that they occur and are not carried over to the next period. I.e. the ending inventory (400 units) for next month will be lower under variable costing.
