Answer:
Kodiak Fridgeration Company
Income Statement
For the month ended August 31, xxxx
Sales $8,800,000.00
Less: Manufacturing costs:
Direct materials $3,450,000.00
Direct labor $1,196,000.00
Variable manufacturing cost $782,000.00
Fixed manufacturing cost <u>$598,000.00</u>
<u>($6,026,000.00)</u>
Gross Income $2,774,000.00
Less: Selling & admin expenses
Variable $600,000.00
Fixed $320,000.00
<u>($920,000.00)</u>
Net Income $1,854,000.00
Explanation:
Absorption costing consider all the cost incurred in production either variable or fixed as production cost and all the operating costs as the period costs. It calculates the gross profit after deducting the cost of goods sold from the net sales and net income after deduction the operating costs from the gross profit.
A similarity between both of those is that they are both types of limited governments.
Federalism is when the power is shared between the states and the national government.Checks and balances is a principle of the United States Constitution that gives each branch of government the power to check, or limit the other branches.
Answer:
Explicit Costs: 1500+1750 = 3250.
Explicit Cost is the cost that is tangible and can be seen.
Implicit Costs & Opportunity Costs: 20000+4000 = 24000.
Implicit cost and opportunity cost will be the same here because they both represent the intangible cost that is foregone by choosing the next best alternative.
Economic Profit: Revenue - Explicit Costs - Implicit Costs
Therefore, the economic profit in this question will be,
45000-3250-24000 = $17480.
Although Britney is earning a profit of $17480 in 2012, from economic viewpoint, she is operating at loss because she could have earned $24000(Rent+Music) by just doing what she was doing previously.
Hope my answer helps you. Good luck.
Answer:Cause and Effect Analysis
Explanation:
The cause and Effect Analysis is a technique that helps you identify all the likely causes of a problem. This means that you can find and fix the main cause, first time around, without the problem running on and on.
The diagrams you create with this type of analysis are sometimes known as fishbone diagrams, because they look like the skeleton of a fish. The technique was developed by Professor Ishikawa in the 1960s.
To solve a problem with this technique, write down your problem in a box on the left-hand side of a piece of paper. Then draw a straight line from the box to the other side of the paper.
Once you've written down the problem, draw several lines that extend out from your long horizontal line. You're now going to brainstorm all of the factors that could be contributing to this problem. These may be systems, equipment, materials, external forces, people involved with the problem, and so on.