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3 years ago

Todrick Company is a merchandiser that reported the following information based on 1,000 units sold:

Business

1 answer:

jenyasd209 [6]3 years ago

4 0

Answer:

3. Sales Price 435 per unit

4. Variable cost $ 348 per unit

5. Contribution margin $ 87 per unit.

6. Contribution Format Income Statement

Explanation:

Todrick Company

Contribution Format Income Statement.

Sales $435,000

Beginning merchandise inventory $29,000

Purchases $290,000

Ending merchandise inventory $14,500

Direct Materials Used 304,500

Variable selling expense $ 21,750

Variable administrative expense $ ? 21750

Contribution margin $87,000

Fixed selling expense $ ? 43,500

Fixed administrative expense $17,400

Net operating income $26,100

Todrick Company

Traditional Format Income Statement.

Sales $435,000

Beginning merchandise inventory $29,000

Purchases $290,000

Ending merchandise inventory $14,500

Direct Materials Used 304,500

Gross Profit $ 130,500

Less Selling And Admin. Expenses.

Variable selling expense $ 21,750

Fixed selling expense $ ? 43,500

Variable administrative expense $ ? 21750

Fixed administrative expense $17,400

Net operating income $26,100

3. Sales Price Per unit = Total Sales/ Total Sales Units

= $435,000/1000= $ 435 per unit

4. Variable cost per unit= Total Variable Costs/ No of Units=

= 304,500 + 43,500/1000

= 348,000/1000= $ 348 per unit

5. Contribution margin per unit= Contribution Margin / No of Unit

= $87,000/1000= $ 87 per unit.

6. Contribution Format Income Statement is more useful as it changes with the number of units varied. Traditional may not show the change that accurately as fixed expenses do not change with the change in the number of units.And in contribution margin income statement the variable expenses are accounted for separately.

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3 years ago

n the 1950s, Ford and General Motors established a small car-producing industry in Australia and argued for a high tariff on c

Sauron [17]

Answer:

The correct answer would be option B, The infant industry argument.

Explanation:

Ford and General Motors established a small cal producing industry in Australia in 1950s and argued on a high tariffs on car imports. Until 2000 the tariff remained though the years and at 2000 it was 22.5 percent. So Ford and General Motor's argument was most likely the Infant industry argument. Infant industry argument is the series of arguments which states that a small industry should be nurtured just like infants until it reaches the pace that other industries have in the market at the moment. It means that the small new industry should be protected until they can attain similar scale of economies.

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3 years ago

Which is the oldest form of money still in existence today?

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The oldest form of money that still exist today is: Metallic money.
In the past, money is used in the form of Gold and silver coins. (Gold tend to be higher in value compared to silver)
Even though the amount of metallic money that we use today is far lesser compared to the past, we still use pennies for making small purchase

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3 years ago

The town of Gracie has established a permanent fund to account for numerous significant gifts intended to maintain a cemetery in

Viktor [21]

Answer: B. Restricted Fund Balance

Explanation:

A Restricted Fund is created when the source of the funds sets certain stipulations for the use of the money which in this case is that the monies should be used for the maintenance of the cemetery. The monies will therefore be restricted to that use alone.

The Unspent Investment Earnings will be reinvested in the Permanent fund at the end of the year. The Permanent Fund is a Restricted fund account therefore the Unspent earnings will be classified as a Restricted fund balance as well.

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4 years ago

Using the Rule of 70, if Slowland's GDP grows at 2% per year and Speedyland's GDP grows at 5% per year, how much quicker will Sp

Solnce55 [7]

Answer:

b. Speedyland will double its GDP 21 years quicker than Slowland.

Explanation:

According to the rule of 70, it tells about the number of years to double

For Slowlands

= 70 ÷ 2

= 35

For speedyland

= 70 ÷ 5

= 14

So if we take the difference than it comes

= 35 - 14

= 21

Hence, the correct option is b and the same is to be considered

And all other options are wrong

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3 years ago