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]
3 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]3 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
Calculate income from operations for Jonas Company based on the following data: Sales $764,000 Operating expenses 52,500 Cost of
Elina [12.6K]

Answer:

173,500

Explanation:

Operating income is income derived from a business's operations, after deducting operating expenses e.g. wages, depreciation, and cost of goods sold

Operating income = sales - operating expenses- cost of merchandise sold

$764,000 - 52,500 - 538,000 = 173,500

I hope my answer helps you

7 0
3 years ago
Which action is LEAST important to maintaining a healthy credit score?
Nataliya [291]
I would say c, because knowing it doesnt increase or decrease it
8 0
3 years ago
The value proposition for the AARP brand is seen in what kinds of benefits for the members? (Select 3)
FrozenT [24]

Answer:

Ensuring products are well below the going market rate.

Quality of products offered.

Efforts to improve the lives of members.

Explanation:

3 0
2 years ago
A company that makes which of the following types of products would best be suited for a job costing system?a. Fruit juice b. Ba
vovangra [49]

Answer:

custom jewelry              

Explanation:

A job costing system refers to the process of collecting data about the expenses related to a particular job in manufacturing or service. To apply the cost information to a client underneath an agreement where expenses are refunded, this information might be needed.

The knowledge is also helpful in determining the quality of the forecasting method of a business, which ought to be able to cite rates allowing for a healthy profit. You could also use the details to attribute unchanging expenses to the finished goods.

5 0
3 years ago
Assume that interest rates on 15-year noncallable Treasury and corporate bonds with different ratings are as follows: T-bond = 7
miv72 [106K]

Answer:

Investors are risk averse, which means that they are willing to invest in low risk projects or investments. In order for an investor to invest in a riskier project, he/she will expect to receive higher returns to compensate for the extra risk. US Treasury bonds are probably the safest investments in the world, that is why they yield the lowest interest rate. AAA bonds are less risky than BBB bonds, which in turn are less risky than CCC bonds. That is why AAA bonds yield a lower return than BBB bonds, and BBB bonds yield a lower return than CCC bonds.

7 0
3 years ago
Other questions:
  • Arch gives you an amended Form W-4 dated March 9, 2018 on which he claims two additional withholding allowances. He asks you to
    8·1 answer
  • Swan song is a spa that caters to the needs of small percentage of highly health conscious consumers. It offers state-of-the-art
    6·1 answer
  • Revising for Conciseness - Rejecting Redundancies and PurgingEmpty Words
    12·1 answer
  • -8=-7(-4x+8)+8(x-3) what does x equal? and how do i get the answer?
    6·1 answer
  • g You borrow $10,000 from your bank to buy a new car. If the loan is for four years at 7% annual interest and payments are made
    6·1 answer
  • Which of the following is an example of an expansionary fiscal​ policy?
    11·1 answer
  • A firm has taxes of $2,000, interest expense of $1,000, EBIT of $7,500, common stock dividends of $1,500, and preferred dividend
    8·1 answer
  • You live in Atlanta, GA and work for a company which has multiple locations nationwide. The owner of the company tells you on a
    9·1 answer
  • We opened the doors to Data Driven Donuts last year. What type of analysis tells us how we performed the first year?
    6·1 answer
  • Microsoft is an example of a company using a(n) _____ strategy. The company produces the majority of its work in its U.S. headqu
    7·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!