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dmitriy555 [2]
3 years ago
8

Variable Costing

Business
1 answer:
mart [117]3 years ago
4 0

Answer:

a. $197,600

b. $163,400

c. $108,600

Explanation:

a. Manufacturing margin = Sales - Variable cost of goods sold

= $380,000 - $182,000

= $197,600

b. Contribution margin = Manufacturing margin - Variable selling and administrative expenses

= $197,600 - $34,200

= $163,400

c. Income from operations = Contribution margin - Fixed manufacturing costs -  Fixed selling and administrative expenses

= $163,400 - $57,000 - $2,800

= $108,600

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"The board of directors of Capstone Inc. declared a $0.70 per share cash dividend on its $3 par common stock. On the date of dec
Gennadij [26K]

Answer:

  • Dr Dividends Declared 12,300
  • Cr Dividends Payable 12,300

Explanation:

First we must determine how many shares are outstanding:

23,000 shares issued - 5,000 shares held= 18,000 shares outstanding

Then we multiply shares outstanding times dividends per share:

18,000 shares outstanding x $0.70 per share = $12,300

  • Dr Dividends Declared 12,300
  • Cr Dividends Payable 12,300
5 0
3 years ago
The inverse demand curve for a monopolist changes from P = 100 – 2Q to P = 120 – 2Q, while the marginal cost of production remai
svetoff [14.1K]

Answer:

$60 to $70; 20 units to 25 units

Explanation:

The production point for the monopolist is where the marginal revenue is equal to the marginal cost,

For first demand curve,

P = 100 - 2Q

MR = 100 - 4Q,  the MR curve is double sloped than the demand curve

MC = 20

 Now, Equating Marginal revenue with marginal cost,

100 - 4Q = 20

4Q = 80

Q = 20

P = 100 - (2 × 20)

  = 60

For second demand curve,

P = 120 - 2Q

MR = 120 - 4Q

MC = 20

Now, Equating Marginal revenue with marginal cost,

120 - 4Q = 20

4Q = 100

Q = 25

P = 120 - (2 × 25)

  = 70

So, the quantity increases from 20 units to 25 units and the price increases from $60 to $70.

5 0
3 years ago
What are 3 reasons why people work
lozanna [386]

Answer:

to earn money to feed their families, to pay their bills, to go places,

Explanation:

5 0
3 years ago
Read 2 more answers
Suppose that the economy enters into a recession and that, as a result, Rusty Z. Wrench loses his job as a delivery truck mechan
tangare [24]

Answer:

C. Cyclically unemployed

Explanation:

Cyclically unemployed is when workers lose their jobs because of downturns in the business cycle

8 0
3 years ago
Sabrina, a production manager at Orrin Co., needs to measure the performance of 12 of her subordinates. She divides the number o
Tcecarenko [31]

Answer: Forced-distribution

Explanation:

The forced distribution is one of the type of method which is used by the various types of organizations or companies for the purpose of evaluating the performance of an employees by using the rating system parameter.

By using the forced distribution method the organizations are establishing the appraisal method by evaluating the productivity and the performance of an employees and it is also known as the management tool.

 According to the given question, Sabrina is the production manager at the Orrin Corporation and they needs to measure the overall performance of the subordinates so she is using the forced distribution method by dividing each employees into the different types of categories such as Exceptional, below average, Average and above average.      

 Therefore, Forced Distribution is the correct answer.  

8 0
3 years ago
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