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
Tatiana [17]
2 years ago
9

Sitz Company makes chairs. The budgeted selling price is​ $55 per​ chair, the variable rate is​ $25 per chair and budgeted fixed

costs are​ $20,000 per month. What is the budgeted operating income for​ 3,100 chairs sold in a​ month?
Business
1 answer:
Zolol [24]2 years ago
7 0

Answer:

$73,000

Explanation:

Data provided in the question:

Selling Price per unit = $55

Variable rate per unit = $15

Budgeted fixed costs = ​ $20,000

Number of chairs sold = 3,100

Now,

Contribution per unit = Selling Price per unit - Variable rate per unit

= $55 - $25

= $30

Therefore,

Total contribution = Contribution per unit  × Number of chairs sold

= $30 × 3,100

= $93,000

Hence,

Operating income = Total contribution - Budgeted fixed costs

= $93,000 - $20,000

= $73,000

You might be interested in
2 pts Paul and Michael sell magazine subscriptions by telephone. Paul is paid $1.00 for every 5 calls he makes, while Michael is
WITCHER [35]

Answer:

D. Fixed-ratio; variable-ratio

Explanation:

Fixed ratio (FR) schedule, a specific or “fixed” number of behaviors must occur before you provide reinforcement.

Variable Ratio: In a variable ratio (VR) schedule, an average number of behaviors must occur before reinforcement is provided.

8 0
3 years ago
Today the current EUR to USD exchange rate is 1 EUR = 1.19 USD. According to the Bloomberg consensus estimate, the EUR to USD ex
OlgaM077 [116]

Answer:

1 . b

2. 84.03 euro

3. 135.28 euros

4. 177.22 dollars

5. 0.77

6. 0.154

Explanation:

1. Dollar depreciated

2. 1 Euro = 1.19 dollars

So therefore

1 dollar = 1 euro/1.19

So 100 dollars = 100 * (1/1.19) = 84.03 Euro.

3. A = p * (1 + (r/n))^(nt)

Where p = principal = 84.03

A = accrued amount after maturity

r = rate = 10%

n = number of compounding = yearly = 1

t = time of maturity = 5

So therefore:

A = 84.03 (1 +0.1)^5

A = 135.28 Euro

4. Convert 135.28 euros to dollars after 5 years

Since 1 Euro = 1.31 dollars

So therefore 135.28Euro will be 1358.28 * 1.31 = 177.22 dollars

5 - (final value/initial value) - 1 )

Where final value = 177.22

Initial value = 100

So therefore [ (177.22/100) - 1] = 0.77

6 - average annual return = sum of earning after maturity / time of maturity

So therefore : 0.77/ 5 = 0.154

6 0
3 years ago
Read 2 more answers
Write a detailed note on Manufacturing Process types and Service process types in process design?
sashaice [31]

Answer:

Each of the process are used to the crosses organizational borders.

Explanation:

Process structure of manufacturing:

  • Job process: It is highly adaptable, scaled operation and structured around particular events.
  • Batch process: It most common used in industries. It is small to large batches.
  • Line process: It is the repetitive process and have modular production with large quantity.
  • Continuous flow chart: It is product focused process. It processed only one item at a time.

Process design: There are three major process of design

  • Professional service design
  • Mass service design
  • Service shop design
5 0
3 years ago
As operations manager, you are concerned about being able to meet sales requirements in the coming months. You have just been gi
castortr0y [4]

Answer: 2.81 per hour

Explanation:

Average monthly productivity = (January productivity + February productivity + March productivity + April productivity) / 4

January productivity:

= Units produced / ( Hours per machine * Number of machines )

=  2,250 / ( 318 * 2 )

= 3.537

February productivity:

= 1,750/ ( 194 * 4 )

= 2.255

March productivity:

= 2,750 / ( 393 * 3 )

= 2.332

April productivity:

= 2,950/ ( 315 * 3)

= 3.121

Average monthly productivity = (3.537 + 2.255 + 2.332 + 3.121)/ 4

 = 2.81 per hour

4 0
2 years ago
Leona enters into a contract with munchies bakery to cater a sales conference. when the conference is postponed indefinitely, le
BigorU [14]

I guess the best option is letter D.

Leona enters into a contract with Munchies Bakery to cater a sales conference. When the conference is postponed indefinitely, Leona asks a court to cancel the contract and return the parties to the positions that they held before its formation. This request involves <u>rescission.</u>

3 0
3 years ago
Other questions:
  • Schneider, Inc., had the following information relating to Year 1: Budgeted factory overhead: $74,800 Actual factory overhead: $
    13·1 answer
  • The minimum possible value of the "Frequency of Championships" Herfindahl-Hirschman Index is:__________.
    6·1 answer
  • Robert Sampson owns a townhouse valued at $185,000 and still has an unpaid mortgage of $150,000. In addition to his mortgage, he
    5·1 answer
  • Cold Goose Metal Works Inc. is considering a one-year project that requires an initial investment of $500,000; however, in raisi
    15·1 answer
  • The possibility of the endless cyclical preference is eliminated by the property of:
    12·1 answer
  • At December 31, 2020, Ivanhoe Corporation had a deferred tax liability of $26,800. At December 31, 2021, the deferred tax liabil
    14·1 answer
  • You are more effective when you do not have too many things happening at once?<br> agree or disagree
    10·1 answer
  • Nancy has a portfolio of two stocks. Stock A has an expected return of 8% and stock B has an expected return of 10%. Her funds a
    5·1 answer
  • What is photo synthesis?​
    9·1 answer
  • Atlantic Coffee has recently decided to raise its prices by10%.It was shocked by itscustomers' reactionto the price increase whe
    13·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!