Answer:
![\left[\begin{array}{cccc}$unit sale&100000&90000&80000\\$sales revenue&3500000&3150000&2800000\\$COGS&&&\\$Material&900000&810000&720000\\$Labor&1000000&900000&800000\\$VMO&250000&225000&200000\\$FMO&80000&80000&80000\\$total&2230000&2015000&1800000\\$gross profit&1270000&1135000&1000000\\$V S and A&100000&90000&80000\\$F S and A&950000&950000&950000\\$operating income&220000&95000&-30000\\$tax expense&66000&28500&\\$net income&154000&66500&-30000\\\end{array}\right]](https://tex.z-dn.net/?f=%5Cleft%5B%5Cbegin%7Barray%7D%7Bcccc%7D%24unit%20sale%26100000%2690000%2680000%5C%5C%24sales%20revenue%263500000%263150000%262800000%5C%5C%24COGS%26%26%26%5C%5C%24Material%26900000%26810000%26720000%5C%5C%24Labor%261000000%26900000%26800000%5C%5C%24VMO%26250000%26225000%26200000%5C%5C%24FMO%2680000%2680000%2680000%5C%5C%24total%262230000%262015000%261800000%5C%5C%24gross%20profit%261270000%261135000%261000000%5C%5C%24V%20S%20and%20A%26100000%2690000%2680000%5C%5C%24F%20S%20and%20A%26950000%26950000%26950000%5C%5C%24operating%20income%26220000%2695000%26-30000%5C%5C%24tax%20expense%2666000%2628500%26%5C%5C%24net%20income%26154000%2666500%26-30000%5C%5C%5Cend%7Barray%7D%5Cright%5D)
Explanation:
<em></em>
<em>We will cross-multiply the variables concept like sales revenues materials, labor and other</em>
I.G
<em>sales revenues for 90,000:</em>
3,500,000 / 100,000 x 90,000 = 3,150,000
<em>for 80,000:</em>
3,500,000 / 100,000 x 80,000 = 2,800,000
<em></em>
The fixed will remain at the same value between the relevant range so we do not change them.
For the tax expense we will have to check which is the rate
for 220,000 operating income the tax expense is 66,000
we can solve for rate: 66,000/220,000 = 0.3 = <em>30%</em>
Now we will determinate the tax expense with that rate.
<em>NOTE</em> attached missing information
Answer:
Allocated MOH= $29,520
Explanation:
Giving the following information:
Estimated manufacturing overhead cost= $416,000
Direct labor cost= $520,000.
The firm allocates manufacturing overhead based on direct labor cost. For August, direct labor cost was $36,900.
First, we need to calculate the estimated overhead rate:
Estimated manufacturing overhead rate= total estimated overhead costs for the period/ total amount of allocation base
Estimated manufacturing overhead rate= 416,000/520,000= $0.8 per direct labor dollar.
Now, we can allocate overhead:
Allocated MOH= Estimated manufacturing overhead rate* Actual amount of allocation base
Allocated MOH= 0.8*36,900= $29,520
D) finances
Thats how they make money without over pricing items
Answer:
Benchmarking.
Explanation:
Benchmarking refers to a process that continuously identifies, understands, and adapts outstanding processes found inside and outside an organization. Well-run organizations compare not only against competitors (where possible) but against best-in-class organizations as well.
This ultimately implies that, benchmarks are used to measure a firm's products, services, or processes performance in comparison with another business firm that are considered or assumed to be the best in that industry.
<em>Hence, many business firms use benchmarking as a tool to identify and explore opportunities lying within them (internal opportunities). </em>
