Answer: A.) Contribution Margin analysis
Explanation: The contribution margin analysis could be explained as an analytical tool in accounting which helps managers in observing variation or differences in the budgeted and actual contribution margin of a product. The contribution margin is used to determine the revenue made on a product after deducting the fixed cost incurred in it's production. It is also used to evaluate the performance of individual product derived from the amount of residual profit after deducting necessary production cost.
Answer:
The budgeted cost of purchases for raw material K for June is 1,212 pounds.
Explanation:
Computation of budgeted cost of purchase for raw material is shown below
= Required production + ending raw material inventory - opening raw material inventory
where,
Required production = June units × required units
= 300 × 4 pounds
= 1,200 pounds
Ending raw material inventory = 30 % of July units × required units
= 30% × 310 units × 4 pounds
= 372 pounds
Opening raw material inventory = 360 pounds
Now, put these values on the above equation
So, raw material purchase = 1,200 + 372 - 360 = 1,212 pound
Thus, the budgeted cost of purchases for raw material K for June is 1,212 pounds.
Answer: $35,000
Explanation:
Implicit rental price = Interest payment + Depreciation
Interest payment = 5% * 500,000
= $25,000
Implicit rental price is therefore:
= 25,000 + 10,000
= $35,000
Answer: Resource Planning
Explanation:
Resources are people, equipment, place, money, or anything else that you need in order to do all of the activities that you planned for, to meet the needs of the organization
Answer:
Roth IRA account
Explanation:
The best type of account that you should save money in for Retirement is a Roth IRA account. This will allow you to put and save a maximum of $5,500 USD per year which will compound annually with interest and can be redeemed when you retire. Once you redeem your money at the age of 65 1/2 it will be completely tax-free. Meaning you have no liabilities with that money whatsoever and you can simply enjoy your retirement with that money.