1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
serious [3.7K]
3 years ago
6

The following costs result from the production and sale of 1,000 drum sets manufactured by Tight Drums Company for the year ende

d December 31. 2019. The drum sets sell for $500 each. The company has a 25% income tax rate. For each dollar of sales, how much is left to cover fixed costs and contribute to operating income.

Business
1 answer:
Ierofanga [76]3 years ago
8 0

Answer:

$0.72

Explanation:

total direct materials = $125,000

total variable selling costs = $15,000

total variable costs = $140,000

variable cost per unit = $140,000 / 1,000 units = $140 per unit

contribution margin ratio = (sales price - variable cost) / sales price = ($500 - $140) / $500 = 72%

this means that per dollar of sales, $0.72 are left to cover fixed costs and contribute to operating income

You might be interested in
Skilled versus unskilled labor markets Consider the labor markets for unskilled workers and skilled workers in the United States
Nat2105 [25]

Answer: Skilled Workers.

Explanation:

Skilled workers refers to those with the skills and abilities required to work in their various tasks. Often these skills are gained from tertiary level institutions such as Universities, Colleges or Technical Schools.

When the report speaks of how having a college education leads to increased productivity, it is targeting skilled workers who as the definition states, have probably gone to College or Universities and the like.

This report will increase the labour market for skilled college education holders as companies might want to hire them more to gain from the reported increased productivity.

8 0
3 years ago
All of the following are true of realtors EXCEPT: A. They help locate properties. B. They arrange an inspection of the property.
nordsb [41]
C realtors get paid depending on how much the property cost.
4 0
3 years ago
the money supply decreases when the fed sells treasury bonds. the smaller the reserve requirement, the larger the decrease will
Dmitriy789 [7]

The smaller the reserve requirement, the larger the decrease will be in required reserves.

<h3>What is the reserve requirement?</h3>

The reserve requirement is the percentage of consumer's deposits that are kept as reserves with the Central Bank. The reserve requirement is determined by the reserve ratio.

When the Fed sells treasury bonds, money supply decreases. This is known as a contractionary monetary policy.

To learn more about reserve requirement, please check: brainly.com/question/25812353

5 0
3 years ago
You're a partner at O'Leary, Ford, and Bradley Legal Services, and one of your responsibilities is to get new business for your
elixir [45]

Answer:

do your ownwork aha

Explanation:

6 0
3 years ago
Differentiate between cash-basis accounting and accrual-basis accounting. Why is accrual-basis accounting the preferred method f
Umnica [9.8K]

Answer:

Reason : To ensure constant flow of cash

Explanation:

<u>Accrual Basis of accounting</u> records transactions when they meet definition and recognition criteria of Assets, Liabilities,Equity, Expense and Incomes.

This is different from<u> cash-basis accounting</u> which records transactions at the receipt or payment of cash.

Because of <em>timing</em> difference, the cash transactions (cash basis) can happen a late than the day of recognition of the elements (accrual basis).

Hence Revenue services demand that income tax be calculated on accrual basis to ensure a constant flow of cash whenever an entity transact.

8 0
3 years ago
Other questions:
  • Gloria Company had no beginning work in process. During the period, 16000 units were completed, and there were 1200 units of end
    7·1 answer
  • Grapes are considered intermediate goods a. whether the purchaser uses them to make wine to sell or eats them. b. if the purchas
    9·1 answer
  • The type of budget that is prepared for the expected capacity level only is called a _______. static budget. flexible budget. co
    8·1 answer
  • When firms grow larger, they sometimes add many additional layers of managers between the top executives and the entry-level emp
    13·1 answer
  • Maria is a manager of a manufacturing firm. Her job is to structure the human and other resources of the firm so that the firm's
    15·1 answer
  • Which type of tax is also known as municipal tax ?
    7·2 answers
  • Elin owes floyd $10,000. floyd assigns the claim to gary. gary does not notify elin of the assignment. later, floyd assigns the
    8·1 answer
  • A good letter of complaint should explain who you are, what you want, and when or
    10·1 answer
  • But im like were is my boo
    14·2 answers
  • Manufacturing uses normal costing for its​ job-costing system, which has two​ direct-cost categories​ (direct materials and dire
    12·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!