The action of blocking time when a physician is unavailable is referred to as setting up an appointment:

The following cost information pertained to the Violin Division of Stringing Music Co. and was based on monthly demand and sales

Nostrana [21]

The contribution margin per unit sold by Violin Division of Stringing Music Co is <u>$326</u>.

<h3>What is the contribution margin per unit?</h3>

The contribution margin per unit is the difference between the selling price per unit and the total variable costs (production and selling) per unit.

<h3>Data and Calculations:</h3>

Monthly demand and sales = 200 units

Per-Unit Costs

<h3>Variable production costs: </h3>

Direct materials $170

Direct labor 155

Variable factory overhead 75

Fixed production costs:

Depreciation (equipment) 15

Factory rent 58

Other 15

Total production cost = $488

Variable selling = $24

Fixed selling & administrative costs = $36 per unit

Selling price per unit = $750

<h3>Total variable cost per unit:</h3>

Direct materials $170

Direct labor 155

Variable factory overhead 75

Variable selling 24

Total variable production and selling costs = $424

Selling price per unit = $750

Contribution margin per unit = $326 ($750 = $424)

Thus, the contribution margin per unit sold is <u>$326</u>.

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<h3>Question Completion:</h3>

Variable selling & administrative costs $24 per unit Fixed selling & administrative costs $36 per unit Given a normal selling price per unit of $750, what is the contribution margin per unit sold

4 0

2 years ago

The manager of Synergy Company's Stock Division projects the following for next year: Sales $195,000 Operating income 70,000 Ave

likoan [24]

Answer: $12,250

Explanation:

Given Data;

Sales = $195,000

Operating income = $70,000

Average Operating assets = 385,000 Additional investment = $50,000

minimum rate of return is = 15%.

Residual income = operating income - (minimum required return x operating assets).

= $70,000 - ( 0.15 * 385,000)

= $12,250

Residual income without the Added investments is $12,250

6 0

3 years ago

A product whose EOQ is 40 units experiences a decrease in ordering cost from $90 per order to $10 per order. The revised EOQ is:

ruslelena [56]

Answer: three times as large

Explanation:

Economic order quantity will be calculated as follows:

EOQ = ✓(2DS/H)

D = Demand in units

Here S = Ordering cost = $10

H = Holding cost

Since S = $10

Therefore, EOQ will be:

= ✓(2DS/H)

= ✓(2 × 10 × D/ H)

= ✓(20D/H)

Since we're to increase the order cost from $10 per order to $90 per order, then EOQ will be:

Since S = $90

Therefore, EOQ will be:

= ✓(2DS/H)

= ✓(2 × 90 × D/ H)

= ✓(180D/H)

3✓20DH

The revised EOQ will then be 3 times as large.

4 0

3 years ago

The problem of bankruptcy is associated with misuse of credit in the ______________ component of financial planning.

MrRissso [65]

The problem of bankruptcy is associated with the misuse of credit in the <u>borrowing</u> component of financial planning.

Making a plan for your future, specifically one that addresses how you will handle your finances and be ready for any potential expenses and problems is known as financial planning.

Policy creation in relation to borrowing and lending, cash management, and other financial activities results from financial planning. Such policies will aid in making crucial decisions for the management of capital and achieving financial activity coordination.

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4 0

2 years ago

which three activities are part of the function of accounting? multiple select question. interpreting financial transactions pla

Elodia [21]

The three activities that are part of the function of accounting from the list of given options are:

2. classifying financial transactions
4. interpreting financial transactions
5. recording financial transactions

<h3>What is Accounting?</h3>

This refers to the term that is used to describe the process of recording financial transactions and also classifying them into proper categories for record purposes.

Hence, it can be seen that from the list of answer choices, when it comes to the area of accounting, three core functions from the list are given above and one of them is classifying financial transactions