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Nataly [62]
4 years ago
15

Manufacturing Firm Income Statement

Business
1 answer:
Mashutka [201]4 years ago
4 0

Answer:

Operating income = $125,000        

Explanation:

<u>                            Income statement                               </u>

<u>Particular                                                     Amount       </u>

Sales revenue(1,880 x $400)                    $752,000

<u>LESS:</u><u> Cost of goods sold                          $433,000</u>

Gross margin                                               $319,000

LESS: Selling expense                                $65,000

          Commissions($752,000 x 10%)       $75,200

<u>            Administrative expense                  $53,800</u>

<u>Operating income                             $125,000        </u>

<u></u>

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Answer:

Which fact supports the idea that renting is a good option for living in a place for a short period of time?

The idea about renting is a good option as far is for a short period of time which enables one to increase savings which would lead to accumulation of more savings before getting ones permanent residence.

Explanation:

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quiclet assume a country is running a trade deficit. According to economic theory how would a depreciation of that country's cur
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When the local currency falls in value, imports become more expensive, causing locals to purchase fewer imported goods. Exports, on the other hand, are less expensive to international buyers, so their demand rises. Fewer imports and more exports will reduce the trade deficit and may even result in a surplus.

<h3>What is trade deficit?</h3>

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2 years ago
Assume that you own an annuity that will pay you $15,000 per year for 12 years, with the first payment being made today. You nee
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6.91%

Explanation:

7 0
4 years ago
Is Nelson Mandela a born leader? Or a made leader? Why
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5 0
3 years ago
Canada Quarries processes large pieces of granite into finely finished countertop material. Production occurs in two phases - sa
Sunny_sXe [5.5K]

Answer:

<u>Sawing: </u>      $5.50

<u></u>

<u>Polishing: </u>   $3.00

<u></u>

<u></u>

Explanation:

\frac{Cost\: Of \:Manufacturing \:Overhead}{Cost \:Driver}= Overhead \:Rate

We have to solve usign the expected values as the predetermined rate is calcualted before the activities are done.

<u></u>

<u>Sawing: </u>

expected overhead 275,000

cost driver: machine hours

expected MH 50,000

overhead rate: 275,000 / 50,000 = 5.5

<u>Polishing: </u>

expected overhead 180,000

cost dirver labor hours

expected DL 60,000

overhead rate: 180,000 / 60,000 = 3.0

8 0
3 years ago
Read 2 more answers
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