Answer:
The contribution margin for Sam's Bookstore for the first quarter is 0.84 or 84 %
Explanation:
Contribution Margin = Contribution ÷ Sales
Where,
<em>Contribution = Sales - Variable Costs</em>
where,
Sales :
Sales = $ 900,000
Number of Books Sold = $ 900,000 ÷ $50
= 18,000 books
Variable Costs Calculation :
Cost of goods sold $630,000
Variable selling expenses ($5 × 18,000 books) $90,000
Variable administrative expenses( 4% × $ 900,000) $36,000
Total Variable Costs $756,000
Therefore,
Contribution Margin = $756,000÷ $ 900,000
= 0.84 or 84 %
Answer:
$33,091.95
Explanation:
The net present value is the present value of after tax cash flows from an investment less the amount invested.
NPV can be found using a financial calculator:
Cash flow in year 0 = $400,000
Cash flow each year from year 1 to 5 =$80,000
Cash flow in year 6 = $80,000 + $150,000 = $230,000
I = 10%
NPV = $33,091.95
To find the NPV using a financial calacutor:
1. Input the cash flow values by pressing the CF button. After inputting the value, press enter and the arrow facing a downward direction.
2. After inputting all the cash flows, press the NPV button, input the value for I, press enter and the arrow facing a downward direction.
3. Press compute
I hope my answer helps you
Answer:
Explanation:
For computing the cost of inventorying, we have to apply the formula which is shown below:
= Total costs ÷ Number of items
1. Cost of inventorying = Total costs ÷ Number of items
= $125 ÷ 100 items
= $1.25
Total cost = $100 + $25 = $125
2. Cost of inventorying = Total costs ÷ Number of items
= $150 ÷ 150 items
= $1
Total cost = $100 + $25 + $25 = $150
3. Cost of inventorying = Total costs ÷ Number of items
= $175 ÷ 160 items
= $1.10
Total cost = $100 + $25 + $25 + $25 = $175
$25 is the each worker pay
To minimize the cost we required two workers as the cost of inventorying is lesser than other two.
Answer:
Gross Margin = $6,000
Explanation:
Gross margin refers to the Sales price - Direct cost associated with the product.
Here, Sales Value = 200 outdoor planters for $50 each = $50 
200 = $10,000
Cost associated with this outdoor planters = Purchase cost as paid to supplier = $4,000
Thus, gross margin = $10,000 - $4,000 = $6,000
Note: Time period and dates provided for such sales and collection of amount or payment to supplier is of no relevance.
Final Answer
Gross Margin = $6,000
"Our workers are all under labor contracts; therefore, our labor rate variance is bound to be zero." : Several factors other than the contractual rate paid to workers can cause a labor rate variance. For example, skilled workers with high hourly rates of pay can be given duties that require little skill and that call for low hourly rates of pay, resulting in an unfavorable rate variance. Or unskilled or untrained workers can be assigned to tasks that should be filled by more skilled workers with higher rates of pay, resulting in a favorable rate variance. Unfavorable rate variances can also arise from overtime work at premium rates. What effect, if any, would be expected poor-quality materials to have on direct labor variances? 10-10. If poor quality materials create produced.
What are labor and example?
The definition of labor is physical or mental work or effort. An example of labor is studying hard for a test. An example of labor is a woman giving birth to a baby. Labor includes both physical and mental work undertaken for some monetary reward. In this way, workers working in factories, the services of doctors, advocates, ministers, officers, and teachers are all included in labor.
Labor represents the human factor in producing the goods and services of an economy. finding enough people with the right skills to meet increasing demand. This often results in rising wages in some industries.
learn more about labor here
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