Refer to the provided table. when output increases from 28 to 35 units, the marginal cost of the product is

Tami Tyler opened Tami’s Creations, Inc., a small manufacturing company, at the beginning of the year. Getting the company throu

Klio2033 [76]

Answer:

Instructions are listed below.

Explanation:

Giving the following information:

Units produced 25,000

Units sold 22,000

Variable costs per unit:

Direct materials $ 7.20

Direct labor $ 2.90

Variable manufacturing overhead $ 1.60

Variable selling and administrative $ 7.90

Fixed expenses:

Fixed manufacturing overhead 212,500

Fixed selling and administrative 219,000

Under absorption costing, the fixed manufacturing costs get allocated to the product cost. The cost of goods sold is now composed of direct material, direct labor, variable overhead, and unitary fixed overhead.

First, we need to calculate the unitary fixed overhead and then the total unitary cost.

Unitary fixed costs= 212,500/25,000= $8.5 per unit

Unitary cost= 7.2 + 2.9 + 1.6 + 8.5= $20.2

Now, we can recalculate the income statement:

Sales= 22,000*$36.3= 798,600

COGS= (22,000*20.2)= (444,400)

Gross profit= 354,200

Variable selling and administrative= (7.90*22,000)= (173,800)

Fixed selling and administrative= (219,000)

Net operating profit= (38,600)

It doesn't show a profit, but at least the loss is smaller.

3 0

4 years ago

Enterprise software includes a database and thousands of predefined ________________.

Lelechka [254]

Answer:

business processes

Explanation:

Enterprise software includes a database and thousands of predefined business processes that reflect best practices

7 0

2 years ago

Refer to the above diagram of the market for corn. If the price in this market is $2 per bushel, then there will be? (The graph

lord [1]

Using the diagram of the market for corn. If the price in this market is $2 per bushel, then there will be option A: a shortage of 8 thousand bushels.

<h3>What is the issue of the quantity demanded about?</h3>

Based on the image attached, 12 thousand bushels are being wanted at this price of $2 per bushel, while 4 thousand bushels are being delivered.

These figures are also shown in the image above. Now when you contrast the quantity given and sought at this pricing. The quantity supplied (12) lower than the quantity demanded (4). Or, to put it another way, the quantity that producers want to sell is lower than the quantity that customers want to purchase.

Therefore, Since Qd > Qs, we refer to this as an excess demand scenario or shortage.

Hence, 12 - 4 = 8

So there is a a shortage of 8 thousand bushels in quantity supplied.

Learn more about quantity demand from

brainly.com/question/1245771

#SPJ4

6 0

2 years ago

The decision to keep or drop products or services involves strategic consideration of all the following except: The desired inve

agasfer [191]

Answer:

The desired inventory levels of the product.

Explanation:

The desired inventory levels doesn't have anything to do with the fact that a product should be discontinued or not since it doesn't have any impact on the demand or price for remaining products.

The inventory level of a product can be changed or adjusted several times during a year depending on the expected sales. Sometimes very successful products have very seasonal sales, e.g. toys that are sold more on Christmas than any other time of the year.

6 0

4 years ago

Which of the following statements is CORRECT?a. If CF0 is positive and all the other CFs are negative, then you can still solve

Romashka-Z-Leto [24]

Answer:

If CF0 is positive and all the other CFs are negative, then you can still solve for I

TRUE. This will be the formula for ordinary annuity.

$C \times \frac{1-(1+r)^{-time} }{rate} = PV\\$

This is the case of a loan on which the company receives a positive cash flow at the beginning and then makes subsequent cash payments, thus negatives cash flows.

Explanation:

If you have a series of cash flows, and CF0 is negative but each of the following CFs is positive, you can solve for I, but only if the sum of the undiscounted cash flows exceeds the cost

FALSE If the sum is below the cost then it will give a negative rate

To solve for I, one must identify the value of I that causes the PV of the positive CFs to equal the absolute value of the FV of the negative CFs. FALSE you can't compare a present value with a future as they are on different dates.

It is impossible to find the value of I without a computer or financial calculator.

FALSE There are method of approximation the difference is that the computer does this faster than humans.

If you solve for I and get a negative number, then you must have made a mistake

FALSE if the project return are lower than cost the rate will be negative.

4 0

3 years ago