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NeTakaya
4 years ago
8

The responsibility report for the Augusta Division shows budgeted contribution margin of $2,000,000 and budgeted controllable fi

xed costs of $1,000,000. Actual contribution margin for the division was $2,100,000 and actual controllable fixed costs were $900,000. The manager's overall performance
A :is equal to expectations.
B :is 20% below expectations.
C :cannot be determined based on the information provided.
D :is 20% above expectations.
Business
1 answer:
Mumz [18]4 years ago
5 0

Answer:

D) is 20% above expectations.

Explanation:

The Augusta Division was supposed to earn a net profit of $1,000,000 (= $2,000,000 - $1,000,000). Since the division's manager and his/her team were able to cut reduce fixed costs to $900,000 and increase contribution margin to $2,100,000 (either by increasing selling price or reducing variable costs), then the division earned a net profit of $1,200,000 (= $2,100,000 - $900,000). This net profit is 20% higher than expected, therefore the manager's (and his/her team's) overall performance was 20% above expectations.

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Extensive collections of published works in electronic form are called
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4 0
3 years ago
Sheridan Company uses a periodic inventory system. For April, when the company sold 450 units, the following information is avai
il63 [147K]

Answer:

Closing inventory - $10,160

Costs of goods sold - $9,600

Explanation:

Under the LIFO Method, the cost of good sold equals to

= April 23 units × cost per unit + Remaining units × cost per unit

= 300 units × $22 + 150 units × $20

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Since the firm has sold 450 units, so out of which 300 units sold at a price of $22 and the remaining 150 units sold at a price of $20

The ending inventory equals to

= Remaining units × cost per unit + April 1 × cost per unit

= 270 units × $20 + 280 units × $17

= $5,400 + $4,760

= $10,160

Since on April 23, the 420 units were purchase, out of which 150 units are transferred to the cost of good sold and the remaining units 270 units at $20 is transferred to the ending inventory

8 0
2 years ago
The serving staff at mary's diner does not have to check with their supervisor before offering customers free dessert when the c
Airida [17]

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3 years ago
You are thinking of buying a bond from Knight Corporation. You know that this bond is long term and you know that Knight’s busin
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Answer:

d. Both the longer term and the higher risk would tend to make the interest rate higher on the bond issued by Knight.

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Both the longer term and the higher risk would tend to make the interest rate higher on the bond issued by Knight because this bond is risky and uncertain.

This means the company would not want to run at a loss

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3 years ago
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Answer:

ok

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yes and how

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