Answer:
Please see attached.
Explanation:
Please see attached vertical analysis of the 2017 income statement data for Crane company and Sheridan company.
Note: The percent for each company - Crane and Sheridan is arrived at by dividing each item( expense or income) by sales multiplied by 100.
For instance for Crane, the percentage for Gross profit is = ($792,000 / $1,855,000 ) × 100
= 42.7%
Answer:
(a) $2.80; 3.40
(b) $1,400,000; $1,700,000
Explanation:
(a) Standards are stated as a per unit amount.
Therefore,
standard materials:
= Total estimated cost for materials ÷ Estimated production of Product X
= $1,400,000 ÷ 500,000
= $2.80
Standard labor:
= = Total estimated cost for labor ÷ Estimated production of Product X
= $1,700,000 ÷ 500,000
= $3.40
(b) Budgets are stated as a total amount.
Thus, the budgeted costs for the year are materials $1,400,000 and labor $1,700,000.
Answer: Success metrics
Explanation:
The indicators that can be traced after the product has been launched to view if it meets product goals and user requirements are referred to as the success metrics.
Success metric indicators are used toesure success based on a predetermined target. They are simply the scorecard of a company's marketing program.
Answer:
13.57%
Explanation:
Calculation for what return should she now expect on the portfolio
Expected return = 14.7% + 1.13(7% − 8%)
Expected return = 14.7%+1.13(-1%)
Expected return = 14.7%-1.13
Expected return = 13.57%
Therefore the return she should expect now on the portfolio will be 13.57%