Answer: Number of Units Sold
Explanation:
To calculate Revenue there are two details needed at the most basic level. These are the price per unit of the good being sold and the number of units sold.
Revenue = Price * Number of units sold
The question provides us with the price per good to be sold which is £1 per pack of 100 cups for Company A and £3 for 1 dinner plate for Company B.
To know who has the higher revenue, we would need the number of units sold of each.
For instance, assuming Company A sold 10 packs of 100 cups and Company B sold 10 dinner plates, the company revenues would be;
Company A = 10 packs * £1
= £10
Company B = 10 dinner plates * £3
= £30.
Company B would have a higher revenue which are able to know due to the number of units sold being known.
Answer:
a. $81,900.
Explanation:
The contribution margin per unit is obtained by dividing the total contribution margin by the 24,000 units produced.
The expected operating income is given by the contribution margin minus the fixed costs. For 29,000 units sold, the operating income is:
The answer is a. $81,900.
Top down/bottom up budgets, lack of control, poor inventorying, lack of staff investment, over control are the least effective financial management practices in creating and monitoring an operating budget.
The operating budget includes the expenditures and revenues generated by the company's daily business functions. The operating budget focuses on operating expenses, such as the cost of goods sold in the market, also known as the cost of sold goods (COGS), and revenue or income. COGS is the cost of direct labor and direct materials used in the production process.
The operating budget also includes overhead and administration costs that are directly related to manufacturing goods and providing services. However, capital expenditures and long-term loans will not be included in the operating budget. Budgets for sales, production process or manufacturing, labor, overhead, and administration are a few examples of frequently utilized operating budgets.
Learn more about operating budget here:
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