Answer:
Europe: 50% Japan 50%
Europe: 40% Japan 60%
Europe: 60% Japan 40%
None of these values is consistent with this increase
Explanation:
Answer:
True
Explanation:
The right to private property is a natural right, but that right is of the negative type, that means that the right ends when it affects the rights of other people.
If you own private property, but the use of your private property is damaging the property of others, then, you have to change the way you are using it until the damages no more the other person's property.
If for example you own a house, and play loud music every night, your are infringing your neighbors right to sleep inside their private property (their houses), therefore, you must stop playing the loud music so that you do not damange your neighbors property anymore.
Answer:
since the special order does not affect current normal sales, its analysis should only consider incremental expenses, not regular expenses:
A) Income statement without the special order
total revenue = $68 x 80,100 = $5,446,800
- COGS = ($2,446,880)
- Direct materials $897,120
- Direct labor $608,760
- Overhead $941,000
gross profit = $2,999,920
- SG&A = ($1,022,000)
- Selling exp. $559,000
- Administrative exp. $463,000
net income = $1,977,920
B) incremental revenue from special order = 14,900 x $63 = $938,700
incremental costs:
- direct materials = ($897,120 / 80,100 units) x 17,900 = $200,480
- direct labor = ($608,760 / 80,100 units) x 17,900 = $136,040
- overhead = ($658,700 / 80,100 units) x 17,900 = $147,200
- selling expenses = [($335,400 / 80,100 units) x 17,900] + ($2.70 x 17,900) = $74,952 + $48,330 = $123,282
- administrative expenses = $940
- total incremental costs = $607,942
incremental gain from special order = $938,700 - $607,942 = $330,758
Income statement with the special order
total revenue = $6,385,500
- COGS = ($2,930,600)
- Direct materials $1,097,600
- Direct labor $744,800
- Overhead $1,088,200
gross profit = $3,454,900
- SG&A = ($1,146,222)
- Selling exp. $682,282
- Administrative exp. $463,940
net income = $2,308,678
Answer:
b. $0.40 per unit and $8,000
Explanation:
High low method separates the fixed cost and variable cost using net of Highest activity level and Lowest activity level and net of their relevant costs.
According to High low method
Variable cost per unit = ( Highest activity cost - Lowest activity cost ) / ( Highest Activity - Lowest activity )
Variable cost per unit = ( $120,000 - $74,000 ) / ( 280,000 - 165,000 )
Variable cost per unit = $46,000 / 115,000
Variable cost per unit = $0.4
Fixed operating cost = Total cost - Total Variable cost = $120,000 - ( 280,000 x $0.4 ) = $8,000
The market mechanism benefits society by ensuring that: <span>scarce resources are channeled into products most desired by society
Market mechanism determines which products stays or go by relying purely on the force of supply and demand. If the products are desired by the customers, the producer will always keep up with the demand in order to rake in the potential profit.</span>
