Answer:
$3,418,800
Explanation:
Contribution margin per hour:
Plush: 4 units per hour x $231 = $924
Supreme: 2 units per hour x $317 = $634
Since contribution margin per hour from Plush is higher than Supreme, we select Plush as the most profitable sales. Hence,
Total contribution = 3,700 hours available x $924 = $3,418,800
Hope this helps!
Answer:
50,000 units are required to break even
Explanation:
Eclypso Company
Product X Product Y
Unit selling price $10.00 $10.00
Less
Unit variable costs:
Manufacturing $ 6.00 $ 7.00
Selling 1.00 1.00
Total variable costs $ 7.00 $ 8.00
Contribution Margin per unit 3 2
Monthly fixed costs are as follows:
Manufacturing $ 90,000
Selling and administrative 50,000
Total fixed costs $140,000
Weighted Contribution Margin per unit = ($3 * 80% + $ 2 * 20%)= 2.4+ 0.4=
$ 2.8
Combined Break Even Volume = Fixed Costs/ Weighted Contribution Margin Per unit
Combined Break Even Volume = $ 140,000/ 2.8=50,000
Answer:
b. $307,000
Explanation:
Costs to be accounted in cost reconciliation report = Opening balance of work in process + Cost of production added during the month
= $24,000 + $283,000
= $307,000
Cost reconciliation report shows what costs need to be accounted for in a month and the manner in which they are actually accounted for.
It is a step in preparation of production report which shows how beginning work in process inventory and the costs which are added to production during the period are recorded.
Hence in cost reconciliation report pertaining to the month of Aug, opening work in process and costs added to production during the month are recorded.
Answer:
The correct answer is budget slack.
Explanation:
Budget slack occurs in a company when one or more people with budgetary responsibility create a budget that overestimates expenses and / or underestimates projected income or income.
Intentional budget slack can occur because a manager feels under the weapon to "make their numbers", often in response to previous quarters where revenues fell below projections and, more importantly, did not meet expectations of the owners or shareholders.
Answer:
fair value is $761
Explanation:
Given data
bond value = $1000
rater r = 12 %
rate R = 16%
time = 20 year
to find out
a fair price
solution
we know compounding period in year is = 4
so time 20 x 4 = 80
fair Price = 
[(Quarterly Coupon) / (1 + R/400)^t] +bond value / (1 + R /400)^t
here
Quarterly Coupon = 12 × 1000/400 = 30
so
fair Price = [(30) / (1 + 16/400)^k] + 1000 / (1+16/400)^80
solve it we get
fair value is $761
