In which step of the production process are

Variable production costs Plastic for casing $ 171,500 Wages of assembly workers 490,000 Drum stands 215,600 Variable selling co

Leviafan [203]

Answer:

Part 1.

Contribution margin income statement for the year.

Sales (4,900 x 340) 1,666,000

<u>Less Variable Costs </u>

Plastic for casing 171,500

Wages of assembly workers 490,000

Drum stands 215,600

Sales commissions 161,700 (1,038,800)

Contribution 627,200

<u>Less Fixed Costs</u>

Taxes on factory 6,000

Factory maintenance 12,000

Factory machinery depreciation 72,000

Lease of equipment for sales staff 12,000

Accounting staff salaries 62,000

Administrative management salaries 142,000 (306,000)

Net Income 321,200

Part 2.

Contribution margin per unit = $627,200 / 4,900 = $128.00

Contribution margin ratio = $627,200/ $1,666,000 = 37.65 %

Explanation:

The Contribution Margin Income Statement calculates separately the contribution and net income as shown above.

4 0

2 years ago

If the fed undertakes expansionary monetary policy, it can return the economy to its original unemployment rate but the inflatio

prohojiy [21]

TRUE, If the fed undertakes expansionary monetary policy, it can return the economy to its original unemployment rate but the inflation rate will be higher.

Monetary policy is the macroeconomic policy set by the central bank. It involves the management of the money supply and interest rates, and is the demand-side economic policy adopted by national governments to achieve macroeconomic goals such as inflation, consumption, growth and liquidity.

Monetary policy refers to the measures taken by a country's central bank to control the money supply in order to stabilize the economy. For example, policymakers manipulate the money supply to increase employment, GDP, and price stability using instruments such as interest rates, reserves, and bonds.

Learn more about monetary policy here:brainly.com/question/13926715

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3 0

2 years ago

On January 2, 2017, the board of directors of Michael declared a 10% stock dividend to be distributed on February 15, 2017. The

frozen [14]

Answer:

the decrease in the value of the retained earning is $172,500

Explanation:

The computation of the decrease in the value of the retained earning is given below:

The dividend of the stock is

= (25,000 shares - 2,000 shares) × 10% × $75

= $172,500

Since there is the stock dividend of $172,500 so it ultimately reduced the retained earning account by $172,500

8 0

3 years ago

The term capital, as used by economists, refers to A. money B. the physical space in which production occurs C. the time allocat

miskamm [114]

Answer:

The correct answer is option E.

Explanation:

The term capital refers to the machinery and equipment that are used to produce goods and services. These things are long lasting and are not exhausted in the production process.

It is one of the four factors of production and essential for production of goods and services. It is already produced durable good.

Financial securities such as stocks and bonds are financial capital and are different from capital goods or capital assets.

7 0

3 years ago

Short paragraph about Junior Technical Assistant

kati45 [8]

Answer:

Ttechnical assistants are junior-level administrative employees who report directly to the company manager or team leader. Their role is to provide both administrative and technical support for business clients or the internal team. Technical assistants work in a variety of fields including healthcare, computer science, manufacturing, and bankingg.

Explanation:

8 0

3 years ago