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
sergejj [24]
3 years ago
9

Lincoln, Inc., which uses a volume-based cost system, produces cat condos that sell for $90 each. Direct materials cost $15 per

unit, and direct labor costs $10 per unit. Manufacturing overhead is applied at a rate of 200% of direct labor cost. Nonmanufacturing costs are $27 per unit. What is the gross profit margin for the cat condos?
Business
1 answer:
pogonyaev3 years ago
7 0

Answer:

The gross profit margin for the cat condo is 50%

Explanation:

Since the gross profit per unit is not given, so first we have to find it. The calculation is shown below:

= Selling price per unit - Direct materials cost per unit - direct labor costs per unit - Manufacturing overhead per unit

= $90 per unit - $15 per unit - $10 per unit - $20 per unit ( $10 per unit × 200%)

= $45 per unit

Now apply the Gross profit formula which is shown below:

= (Gross profit per unit ÷ selling price per unit) × 100

= ($45 per unit ÷ $90 per unit) × 100

= 50%

You might be interested in
Fois Company has two divisions, Division X and Division Y. Division X has a production capacity of 5,000 units of a particular p
kogti [31]

Answer:

Lost contribution per unit = $56 per unit

Explanation:

The Division X is operating at less than full capacity, hence it has excess capacity   of  600 units i.e (5000- 4,400)

This implies that it can only produce to meet the external and a portion of  Division Y demand  

Since Division X can only accommodate a portion of the internal demand, an opportunity would arise if it decides to meet all the request of Division Y.

Therefore, the minimum transfer price

minimum transfer price= Variable cost + a lost contribution from internal supply

The lost contribution represent the amount Division X would have made had sold the units to external buyers

Lost contribution per unit = $56 per unit

8 0
4 years ago
Which of the following factors determines the structure, features, and functions of an information system used in a company?
makkiz [27]

Answer:

A) the competitive strategy

Explanation:

According to my research on information technology and hardware used, I can say that based on the information provided within the question this factor being described is called the competitive strategy. This is a strategy that is a long term plan of a particular company in order to gain competitive advantage over its competitors in the industry. This includes forming the system and it's features in the best way to compete with other companies.

I hope this answered your question. If you have any more questions feel free to ask away at Brainly.

4 0
4 years ago
According to Franks and Smallwood (2013), information has not become the lifeblood of every organization, and that an increasing
miskamm [114]

Answer:

B. False.

Explanation:

The above statement is false in that it asserts that information has not become the lifeblood of every organization. While it's true that an increasing volume of information today has increased and exchanged through the social networks and web2.0 tools like blogs, microblogs and wikisa, this further lends credence to the indispensability of information in this contemporary times.

In contrast, what Frank and Smallwood(2013) preached was that information has now become a lifeblood of every organization. This is an undisputed reality in their study and intellectual intervention. Thus, they went on give a demographic distribution of information through the use of social networks and/or web2.0 tools like blogs, microblogs, and wikisa.

6 0
4 years ago
Juniper Design Ltd. of Manchester, England, is a company specializing in providing design services to residential developers. La
aleksklad [387]

Answer:

$180,000

Explanation:

Residual Income is the difference between net income of the company and the required rate of return. It determines the excess of income generate than the minimum return. The residual income serve a company to track its performance. It is a financial metric to assess company's internal performance. The formula to calculate the residual income is,

RI = Net operating Income - (Required rate of return * Cost of operating assets)

RI = $420,000 - (15% * $1,600,000 )

RI = $180,000

4 0
3 years ago
Assume that Northern Petroleum Inc. issued the following bond on January 1: Face amount: $100,000 Contract interest rate: 12% Ef
Natali [406]

Answer:

d. $44,161

Explanation:

The computation is shown below:

The present value of the periodic interest to be paid on the bonds is

= Face amount × interest rate × present value of an annuity at 6% for 10 years

= $100,000 × 6% × 7.36009

= $44,161

Refer to the present value of an annuity table

On a semiannual basis, the interest rate is half and the time period doubles =. The same is applied in the above calculation.

8 0
3 years ago
Other questions:
  • Explain the different levels of organizational involvement in international trade
    6·1 answer
  • Thornton Industries began construction of a warehouse on July 1, 2018. The project was completed on March 31, 2019. No new loans
    14·1 answer
  • ECON please answer this question ASAP
    11·2 answers
  • Question 10 Suppose that the beginning balance of Accounts Payable (A/P) for Better Than That, Inc. on January 1, 2017 was $17,9
    5·1 answer
  • Fry found that high Mach negotiators did not change their negotiation style as a function of the other party's Machiavellianism.
    7·1 answer
  • Fowler Company is a priceminustaker and uses target pricing. Refer to the following​ information: Production volume 602 comma 00
    6·2 answers
  • What types of regulations apply to all businesses, regardless of industry?
    9·1 answer
  • : When you go looking for a job after graduation, what sources do you expect to use? Why?
    14·1 answer
  • The Food and Drug Administration in the United States works to protect citizens from harmful products and companies must meet th
    13·2 answers
  • Question 4
    10·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!