The following gives the number of pints of type A blood used at Woodlawn Hospital in the past 6 weeks.

Absorption and Variable Costing Comparisons Red Arrow Blueberries manufactures blueberry jam. Because of bad weather, its bluebe

Morgarella [4.7K]

Answer:

Red Arrow Blueberries

RED ARROW BLUEBERRIES Functional (Absorption Costing) Income Statement For the Summer Quarter (Last Year)

Sales $805,000

Cost of goods sold:

Variable costs 600,000

Fixed costs 192,000

Goods available 792,000

Ending inventory 99,000 693,000

Gross profit 112,000

Operating expenses:

Variable selling & administrative 14,000

Fixed selling and administrative 38,000

Total operating expenses 52,000

Net income (loss) 60,000

Explanation:

a) Data and Calculations:

Beginning inventory (cases) 0

Cases produced 8,000

Cases sold 7,000

Ending inventory (cases) 1,000 (8,000 - 7,000)

Sales price per case $ 115

Direct materials per case $ 25

Direct labor per case $ 40

Variable manufacturing overhead per case $ 10

Total fixed manufacturing overhead $ 192,000

Variable selling and administrative cost per case $ 2

Fixed selling and administrative cost $ 38,000

Variable costs:

Direct materials per case $ 25

Direct labor per case $ 40

Variable manufacturing

overhead per case $ 10

Total variable cost per case $ 75

Total variable costs = $600,000 ($75 * 8,000)

Ending cost of

7 0

2 years ago

Emerald Printing Company projected the following information for next year:

elena55 [62]

Answer:

$200,000

Explanation:

Selling price per unit = $60.00

Contribution margin per unit = $45.00

Total fixed costs = $150,000

Tax rate = 30%

Contribution margin ratio = Contribution margin ÷ Selling price

= $45 ÷ $60

= 0.75

Hence,

Break-even point =Total Fixed costs ÷ Contribution margin ratio

= 150,000 ÷ 0.75

= $200,000

5 0

2 years ago

Questions Answered Incorrectly

mylen [45]

abcdefghijklmnopqrstuvwxyz

4 0

3 years ago

Read 2 more answers

Locking a cell so that others cannot alter its contents is known as _____.

Readme [11.4K]

I would say the correct answer is cell protection. It is when you prevent others to edit or change the contents of certain cells in a sheet. In doing this, you first unlock all cells. Then, select the cells you want to lock then select the option to lock them. Hope this helped.

8 0

2 years ago

Davis Florist has two employees, Anita and Jerome, and two tasks that need to be completed, floral arrangements and floral deliv

OlgaM077 [116]

Answer:

Davis Florist

a. (Anita, Jerome) __Jerome____ absolute advantage in floral arrangements. __Jerome____ (Anita, Jerome) has an absolute advantage in deliveries.

b. Anita’s opportunity cost of making one floral arrangement is ___0.75__

( 1.33, 0.75, .33, 3) deliveries. Anita’s opportunity cost of making one delivery is __1.33_ (1.33, 0.75, .33, 3) floral arrangements.

c. Jerome’s opportunity cost of making one floral arrangement is ___0.33__(.75,3,1.33..33) deliveries. Jerome’s opportunity cost of making one delivery is 3 (3, 1.33, .75, .33) floral arrangements.

d. (Jerome, Anita)_Jerome____ has a comparative advantage in floral arrangements. (Jerome, Anita)__Anita___ has a comparative advantage in deliveries.

e. Suppose that, initially, both Jerome and Anita spend four hours each day doing floral arrangements and two hours each day doing deliveries. Now suppose they change their tasks, so that each individual does nothing but the task in which she or he has a comparative advantage. How many more floral arrangements and deliveries could they produce each day?

____4_____ additional floral arrangements

____5____ additional deliveries

Explanation:

a) Data and Calculations:

Time it takes Anita to finish one floral arrangement = 30 minutes

Time it takes Anita to make a delivery = 40 minutes

Time it takes Jerome to finish one floral arrangement = 10 minutes

Time it takes Jerome to make a delivery = 30 minutes

b) Absolute Advantage: Jerome will finish 3 floral arrangements (30/10), whereas Anita can only finish 1 in 30 minutes.

c) Anita's opportunity cost is the time it will take her to make a delivery using the same time it takes her to finish one floral arrangement. In 30 minutes time, she can only make (30/40) 0.75 deliveries. Using 40 minutes of making a delivery, she can finish 1.33 (40/30) floral arrangements.

d) Anita's comparative advantage in making deliveries is based on her opportunity cost when compared with Jerome's opportunity cost of making deliveries.

Floral Delivery Total hours

Arrangement

e) Total time spent by

Anita 4 hrs 2 hrs 6 hrs

Jerome 4 hrs 2 hrs 6 hrs

Anita Jerome Total

Number of floral arrangements 8 (240/30) 24 (240/10) 32

Number of deliveries 3 (120/40) 4 (120/30) 7

Anita Jerome

Number of floral arrangements 0 36 (360/10) 36

Number of deliveries 12 (360/30) 0 12

4 0

2 years ago