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maksim [4K]
3 years ago
5

Tirri Corporation has provided the following information: Cost per Unit Cost per Period Direct materials $ 7.40 Direct labor $ 3

.65 Variable manufacturing overhead $ 1.45 Fixed manufacturing overhead $ 24,200 Sales commissions $ 1.20 Variable administrative expense $ 0.75 Fixed selling and administrative expense $ 8,600 If the selling price is $27.90 per unit, the contribution margin per unit sold is closest to:
Business
1 answer:
Rufina [12.5K]3 years ago
3 0

Answer:

$13.45

Explanation:

The computation of contribution margin per unit sold is shown below:-

Contribution margin per unit = Selling price - (Direct materials + Direct labor + Variable manufacturing overhead + Sales commissions + Variable administrative expense)

= $27.90 - ($7.40 + $3.65 + $1.45 + $1.20 + $0.75)

= $27.90 - $14.45

= $13.45

Therefore for computing the contribution margin per unit sold we simply applied the above formula.

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Tolan Corp.'s trademark was licensed to Eddy Co. for royalties of 15% of sales of the trademarked items. Royalties are payable s
Lisa [10]

Answer:

In Tolan's 2014 income statement, the royalty revenue should be <u>$103,000.</u>

Explanation:

In Tolan's 2014 income statement the royalty revenue will be royalty for January to June received in September 2014, and for July to December 2014 in March 2015

In the year 2014 received in September 2014 = $98,500 which is for the period Jan to June 2014

Royalty = 15% of sales

Sales estimate for July to December 2014 = $30,000

Royalty = $30,000 X 15% = $4,500

Total royalty income for 2014 = $98,500 received + $4,500 to be received in 2015 Mar 15 = $103,000

In Tolan's 2014 income statement, the royalty revenue should be $103,000.

4 0
3 years ago
Strategic alliances refer to a.Multinational firms that have as many different product variations, brand names, and advertising
pentagon [3]

Agreements between two or more independent firms to cooperate for the purpose of achieving common goals such as a competitive advantage or customer value.

Answer: Option D.

<u>Explanation:</u>

Strategic alliance is the alliance of two or more firms or companies with each other. This alliance has been formed by tow or more companies with each other in order to achieve common goals.

But this does not mean that these firms and companies will give up their independence in forming their alliance. The goals for forming this is to earn profits and get access to the market.

3 0
4 years ago
budgets that are revised by adding a new quarterly budget to replace the quarter that just elapsed are called:
Natali [406]

Budgets that are revised by adding a new quarterly budget to replace the quarter that has just elapsed are called rolling budgets.

<h3 /><h3>What is rolling budget?</h3>

It corresponds to a more flexible and adaptable type of budget, generally used for companies whose business can be more volatile.

It is used continuously and extended, being updated during the period for the addition of new variables in the existing model. This being valid for use in the future budget.

Any type of budget is a necessary tool for organizations to be able to plan the use of their resources in a structured way that is consistent with their needs and objectives.

Therefore, a continuous or rolling budget helps companies adapt to trends, risks and characteristics of a dynamic market that is constantly changing.

Find out more about rolling budget on:

brainly.com/question/23209198

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6 0
1 year ago
Suppose the government wants to reduce this type of unemployment. Which of the following policies would help achieve this goal?
zimovet [89]

Answer:  Offering recipients of unemployment insurance benefits a cash bonus if they find a new job within a specified number of weeks

Explanation:

The type of unemployment is not given but the above option is the only one that can reduce unemployment out of the options given.

People who recently lost their jobs and are on Unemployment insurance might find that their motivation to look for a job is not as strong as it should be because they are still receiving a paycheck at the end of the month. It will therefore most likely take them longer to find a job than necessary because they simply aren't looking hard enough.

If the Government stepped in and offered them a cash incentive to find a job quicker, this can have the effect of reducing unemployment by giving those people who were just mentioned renewed motivation to look for employment rather than just remain on Unemployment insurance.

3 0
4 years ago
A feature common to both stock splits and stock dividends is
borishaifa [10]

Answer:

Is that there is no effect on total stakeholder's equity.

Explanation:

When existing shareholders are being paid dividends as shares rather than in cash it is known as stock dividends.

Stock split can be defined as the issuance of new shares to peculiar shareholders to create multiple shares and its always in proportion to their holdings in that particular firm.

A feature common to both stock splits and stock dividends is that there is no effect on total stakeholder's equity meaning that both parameters do not reduce it.

7 0
4 years ago
Read 2 more answers
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