Answer:
$84 unfavorable
Explanation:
The computation of the activity variance for supplies cost is shown below:
Supplies cost for the standard one is
= $1,840 + (624 frames × $12 per frame)
= $9,328
And, the supplies cost for the actual one is
= $1,840 + (631 frames × $12)
= $9,412
So the activity variance is
= $9,328 - $9,412
= $84 unfavorable
As the standard cost is less than the actual one
Answer:
The correct answer is letter "D": behavioral.
Explanation:
In market segmentation, classifying customers by behavior implies analyzing their consumption patterns to find out what type of product they are likely to buy under what conditions. This research allows companies to know what each type of client is looking for so the corporation can dedicate a tailored item for each market sector. By doing so, the firm increases its opportunities to generate more sales.
Answer: limited partnership
Explanation:
A limited partnership simply means a form of partnership whereby some of the partners only contribute financially nd thus will be liable and only to the extent of the amount that they contribute to the partnership m.
In case the company goes into bankruptcy, their personal assets and properties won't be affected. Since Thom invited his parents to invest $40,000 in the enterprise and told them that if they do invest, they would have liabilities in the firm equal to but no greater than their investment, then this is a limited partnership.
Answer:
1.
Break even in units = 12100 units
Break even in dollar sales = $484000
2.
Total contribution margin at break even point is $145200.
Explanation:
1.
Break even point is a point, calculated in either units or in dollar value, which provides a point where there is no profit or no loss and the total sales revenue is equal to the total cost.
Break even in units and in dollars can be calculated as follows,
- Break even in units = Fixed costs / Contribution margin per unit
- Break even in dollars = Fixed costs / Contribution margin ratio
- Where contribution margin = Selling price per unit - variable cost per unit
- Contribution margin ratio = Contribution margin per unit / selling price per unit
Break even in units = 145200 / 12 = 12100 units per month
Break even in dollars = 145200 / (12/40) = $484000
2.
Total contribution margin at break even point is $145200 because total contribution margin is the difference between the total sales revenue and total variable cost and at the break even point, the total contribution margin is enough to cover total fixed cost. So, it is equal to the total fixed cost.
Answer:
The correct answer is $90.
Explanation:
Profit maximization is one of the pillars of economic theory, explaining how companies seek to achieve a high level of profit to maximize their wealth and benefits, just as individuals do with their level of utility.
This concept is especially important in the microeconomic study, as it is a pillar of multiple economic models. This happens because maximizing the wealth or welfare level is a basic principle that companies follow when facing a certain economic activity. Profit maximization is the economic objective of companies, in order to increase the value of the company. This increase in the value of the company is what the shareholders and investors are looking for, which expect their investment in the company to be profitable.
