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marin [14]
3 years ago
12

Duck Company produces a product which sells for $40. Variable manufacturing costs are $18 per unit. Fixed manufacturing costs ar

e $5 per unit based on the current level of activity, and fixed selling and administrative costs are $4 per unit. A selling commission of 15% of the selling price is paid on each unit sold. The contribution margin per unit is:Multiple Choice$22$16$7$17
Business
1 answer:
andrey2020 [161]3 years ago
3 0

Answer:

Contribution margin = $16

Explanation:

Contribution is the difference between the selling price and the variable cost.

Contribution margin = (Sales - variable cost )

Variable cost = Variable manufacturing + Variable selling cost

Variable cost = 18 + (15%× 40) = 24

Contribution margin = 40 - 24 =  $16

Contribution margin = $16

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CaHeK987 [17]
Scientific method involves ways in which you would solve something while the others are just assuming or wondering what could happen.
3 0
3 years ago
Possible misstatements that may occur during the cash receipts process result from cash receipts being received, but not recorde
marusya05 [52]

Answer:

There should be strong internal controls implemented and segregation of duties in the finance department.

Explanation:

There is lack of internal controls present in the company which may lead to fraud or errors. The employees assigned to record the transaction are not recording all the cash receipts and are missing some of the cash receipts which can cause errors during reconciliation. The sub divisions of finance department must be segregated and there should be a supervisor who should be responsible to review all the work done by these departments.

8 0
3 years ago
if an organization (school, campus, or house of worship) wishes to prepare and plan for mass casualty incidents, an effective ap
Brilliant_brown [7]

An organization (school, campus, or house of worship) wishes to prepare and plan for mass casualty incidents. Work with community partners to create a plan that includes protective actions to reduce vulnerabilities, response actions to minimize negative consequences, and post incident actions to promote community recovery. Hence, Option A is correct.

<h3>What are community partners?</h3>

Community partners are those who work in partnership towards the completion of the same goal. They work with the relationship in which a worker forms a relationship with another service provider.

It is a kind of informal support that a person gets from family, friends, co-workers, and many more. If it is a formal agreement, then it is between two agencies that share the same client.

Thus,  Option A is correct.

Learn more about community partners from here:

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The complete question is attaché in text form:

Situation: An organization (school, campus, or house of worship) wishes to prepare and plan for mass casualty incidents. Select the most effective approach from the options below:

A. Work with community partners to create a plan that includes protective actions to reduce vulnerabilities, response actions to minimize negative consequences, and post incident actions to promote community recovery.

B. Use an existing plan from a comparable organization in another district or state, being careful to select an organization that has experienced a mass casualty incident in the past.

C. Rely on internal staff to create a plan for protecting the organization from attacks, and then present the finished plan to local officials and response agencies for approval.

D. Request law enforcement personnel to develop a separate plan for mass casualty incidents for the organization.

8 0
2 years ago
Ikerd Company applies manufacturing overhead to jobs on the basis of machine hours used. Overhead costs are estimated to total $
Viefleur [7K]

Answer:

A. $2.40 per Machine hour

B. Underapplied = $10,000

C. cost of goods sold (debit) $10,000 , overheads (credit) $10,000

Explanation:

A) Compute the manufacturing overhead rate for the year

Overhead Rate = Total  Fixed Overheads / Budgeted Activity

                         =   $300,000 / 125,000 Machine hours

                         =   $2.40 per Machine hour.

B) What is the amount of under- or over applied overhead at December 31st?

Under Applied Overheads = Actual Overheads > Applied Overheads

Over Applied Overheads = Actual Overheads < Applied Overheads

Actual Overheads = $322,000

Applied Overheads = $2.40 × 130,000 hours = $ 312,000

Underapplied = $10,000

C) Prepare the adjusting entry to assign the under- or overapplied overhead for the year to cost of goods sold.

cost of goods sold (debit) $10,000

overheads (credit) $10,000

7 0
3 years ago
Read 2 more answers
Calculate Payroll
musickatia [10]

Answer:

A.1830

B.$1397.75

Explanation:

A.Gross pay

Formula for Gross pay

Gross pay = regular pay + overtime pay

= (40*30)+(14*30*1.5)

=1200+630

= $1830

Part B

B.Net pay

Formula for Net pay

Net pay = gross pay – social security tax – medicare tax – federal income tax

= 1830-(1830*6.0%)-(1830*1.5%)-295

=1830-109.8-27.45-295

= $1397.75

7 0
3 years ago
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