Answer:
Marketing brochure for the company’s new product
Explanation:
As we know that
Gross profit is a difference between sales and the cost of goods sold
In mathematically,
Gross profit = Sales revenue - cost of goods sold
The cost of goods sold includes the cost related to the material, direct labor, manufacturing overhead, etc
Moreover, it consist of wages of factory workers, maintenance cost
Therefore the marketing brochure is not included in the gross profit as it used to display the company products to the customers
Rhett corporation's Plan on budgeted purchasing in may is 97,600 yards
Explanation:
Opening inventory of May = Closing inventory of April = 2100 yards
Budgeted production of May = 32,000 units
Closing inventory of May = 2800 yards
Required inventory for producing 32,000 units
= 32,000 × 3 yards (per unit production of shirt) = 96,000 yards
Plan on purchasing in may
= Total yards needed - opening inventory + closing inventory
= 96,000 - 2100 + 2800 = 97,600 yards
Answer:
b. $22.75
Explanation:
We know that
Contribution margin per unit= Sales price per unit - variable cost per unit
Since the selling price is $35
And, the contribution margin is 35%
Therefore, the contribution margin per unit would be
= $35 × 35 per cent
= $12.25
Now add these figures in the formula above.
Hence, the value would be equal to
= $35 - $12.25
= $22.75
The inventory and labor costs are included in the variable cost
Answer:
1. below;
2. the last dollars taxed but not to all income
Explanation:
Given that the average tax rate for individuals is the percentage of income that individuals pay in taxes. While the marginal tax rate applies to a certain part of taxable income, which is usually the last dollar of the income
Hence, Typically, the average tax rate for a person is BELOW his or her marginal tax rate, because the marginal tax rate applies to THE LAST DOLLARS TAXED BUT NOT TO ALL INCOME.
