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Rudiy27
3 years ago
11

Comfy Fit Company manufactures two types of university sweatshirts, the Swoop and the Rufus, with unit contribution margins of $

5 and $15, respectively. Regardless of type, each sweatshirt must be fed through a stitching machine to affix the appropriate university logo. The firm leases seven machines that each provides 1,000 hours of machine time per year. Each Swoop sweatshirt requires 6 minutes of machine time, and each Rufus sweatshirt requires 20 minutes of machine time. Assume that a maximum of 40,000 units of each sweatshirt can be sold. Required: 1. What is the contribution margin per hour of machine time for each type of sweatshirt
Business
1 answer:
BlackZzzverrR [31]3 years ago
7 0

Answer:

Comfy Fit Company

Contribution margin per hour of machine time:

Contribution margin for 1 hour of machine time will be equal to:

Swoop = $5 x 60/6 = $50 per hour

Rufus = $15 x 60/6 = $150 per hour

Explanation:

If Contribution margin:

Swoop = $5 for 6 minutes' machine time

Rufus = $15 for 6 minutes' machine time

Therefore, contribution margin per hour will be

Contribution x 60/6.

Since 60 minutes make an hour, there will be ten times more contribution for each.

This gives an hourly contribution of $50 ($5 x 10) and $150 ($15 x 10).

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DaniilM [7]
XX did no gngvend Jr be nfjfjfhdhdjdhdjkfjfjjdjzj
6 0
3 years ago
Which of the following would have no effect, either direct or indirect, on an organization's cash budget? None of the answers is
zalisa [80]

Outlays for professional labor, Sales revenues,Raw material purchases, Advertising expenditures all these will have either direct or indirect effect , on an organization's cash budget-So none of the answer is correct.

Explanation:

Lets try to understand the below mentioned concept:-

  • <u>Outlays for professional labor:</u> it refers to the cost that is incurred for the acquisition of a good (inventory )or service(consulting services)
  • <u>Sales Revenue:</u>It refers to the amount  business gains/realise by the sale of its product or goods and services.
  • <u>Raw Material Purchases: </u>The cost incurred by the company to acquire its raw material
  • <u>Advertising expense:</u> The expense incurred by an y business house on the advertisement of its product.

Hence it is clear from the above discussion that all these expense have a direct or indirect effect on an organizations cash budget.

So the answer is None of these

5 0
3 years ago
A salesperson shows his broker an offer for one of his listings that has a good faith deposit in the form of a promissory note.
12345 [234]

Answer:

The seller must be informed when the offer is presented that the depositis a promissory note

Explanation:

A good faith deposit is one that is done by a buyer in which conditions are stated that could result in the loss of deposit by the buyer.

It is a deposit made by the buyer to show he intends to complete the payment later.

In this instance if there is a Goodwill deposit in form of a promissory note, the broker needs to be aware.

So that when he is bringing in a client he will consider the already existing deposit.

Deals that offer more deposit or full payment will be considered and the original buyer discarded.

8 0
3 years ago
The demand and supply curves are given by q=110−2p and q=3p−50, respectively; the equilibrium price is $32 and the equilibrium q
DaniilM [7]

Answer:

  1. The Demand is given by q^d=110-2p^d(1.07)
  2. The supply curve is by q^s=3p^s-50

Consumers will face a price of 33.29 and the equilibrium quantity will be 43.42.

These results illustrate that as a consequence of the tax, the price faced by consumers will be higher, quantity sold be lower, and producers will receive less for their product sale.

Explanation:

  1. The Demand is given by q^d=110-2p^d
  2. The supply curve is by q^s=3p^s-50

In the absence of taxes p^s=p^d and q^s=q^d.

An ad-valorem tax t=0.07 generates now that

p^s=p^d(1+t)

So the new equilibrium is

110-2p(1.07)=3p-50

110+50=5.14p

p^s=31.12

p^d=33.29

Replacing in the demand equation we get the equilibrium quantity

q=43.42

4 0
3 years ago
The _____ stage of the commander's decision cycle is where the commander and staff make adjustments to the current plan or devel
True [87]

I believe the answer is: Direct

During the direct stage, commander and staff would directly review the plan and put several factors into consideration to judge whether the plan would be succesful or not. (factors could include budget, timing, political situation, etc).

After they put all factors into consideration, they would made several adjustment to the plan according to the situation at hand to improve the success rate of the plan.

4 0
3 years ago
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