There is absolutely no good reason to not conduct market research. True False

PA15.

ser-zykov [4K]

Answer:

Happy Trails

Income statement using variable costing

$ $

Sales 1,900,500

Less: Variable costs:

Direct material (27,000 units x $15) 405,000

Direct labour (27,000 units x $15) 405,000

Variable overhead (27,000 units x $3) 81,000

891,000

Less: Closing stock (8,000 units x $33) 264,000

627,000

Add: Variable selling and administrative 133,000 760,000

Contribution 1,140,500

Less: Fixed cost:

Fixed production cost (27,000 x $25) 675,000

Fixed selling and administrative expenses 300,000 975,000

Net profit 165,500

Profit reconciliation statement

Closing stock Net profit

$ $

Absorption costing 464,000 365,500

Less: Marginal costing 264,000 165,500

Difference 200,000  200,000

The difference of $200,000 in net profit is as a result of $200,000 difference in closing inventory.

Explanation:

In variable costing, variable costs are deducted from sales so as to obtain contribution margin. Net profit is the difference between contribution and fixed costs. Closing stock is the difference between production units and sales units. Closing stock is valued at marginal cost per unit in variable costing. Marginal cost per unit is the aggregate of all variable cost per unit.

3 0

3 years ago

On January 6, Windsor Co. sells merchandise on account to Harley Inc. for $9,700, terms 2/10, n/30. On January 16, Harley pays t

vichka [17]

Answer:

Explanation:

Jan. 6

Dr Accounts receivable $9,700

Cr Sales $9,700

Jan. 16

Cash $10,506

Sales discounts($9,700 * 2%) $194

Accounts receivable $10,700

8 0

4 years ago

Google has started a project to scan all books and make those that are not copyrighted available to people free of charge. why i

Kruka [31]

This allows for the intellectual property of those books that do have a copyright to be protected. This gives the owners and publishers of those books the ability to still turn a profit on their copies, which might be negated if books with a copyright were made more freely available.

3 0

3 years ago

EA17.

exis [7]

Answer:

$500 (Favorable)

Explanation:

Given that,

Production cost = $7 per unit

Fixed costs = $23,000 per month

Units produced = 5,500

Actual total costs = $61,000

Standard cost = Fixed cost + Variable cost

= $23,000 + ($7 × 5,500)

= $23,000 + $38,500

= $61,500

Variance = Standard cost - Actual total costs

= $61,500 - $61,000

= $500 (Favorable)

5 0

4 years ago

The vp of human resources wants to make the case for hiring and promoting more female managers. she has heard about the "female

NNADVOKAT [17]

The answer to the question is that as workplaces become more collaborative, women's tendency to have high verbal skills and relationship skills can make them strong managers.

These skills, which are more commonly displayed in female employees than males, are skills that are highly valued in today’s workplace because it helps in building a good working environment for the other employees – which, in today’s world tend to prefer a workplace where they could build relations with their coworkers.

The communication skills that female employees excel in also help the company in team-based settings which are becoming a norm in today’s working environment.

3 0

3 years ago