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aniked [119]
3 years ago
5

Philadelphia Company has the following information for March: Sales $450,000 Variable cost of goods sold 240,000 Fixed manufactu

ring costs 70,000 Variable selling and administrative expenses 52,000 Fixed selling and administrating expenses 35,000 Determine the March: a. Manufacturing margin $ b. Contribution margin $ c. Operating income for Philadelphia Company
Business
1 answer:
Effectus [21]3 years ago
5 0

Answer:

Manufacturing margin = $210,000

Contribution margin = $158,000

Operating income = $53,000

Explanation:

Requirement 1

We know,

Manufacturing margin = Sales revenue - Cost of goods sold

given,

Sales revenue = $450,000

Cost of goods sold = $240,000

Putting the values into the formula, we can get

Manufacturing margin = Sales revenue - Cost of goods sold

Manufacturing margin = $450,000 - $240,000

Manufacturing margin = $210,000

Manufacturing margin also called gross margin.

Requirement 2

Contribution margin = Sales revenue - Variable expense

Given,

Sales revenue = $450,000

Variable expense = Variable cost of goods sold + Variable selling and administrative expenses

Given,

Variable cost of goods sold = $240,000

Variable selling and administrative expenses = $52,000

Putting the values into the formula, we can get

Variable expense = $240,000 + $52,000

Or, Variable expense = $292,000

Therefore,

Contribution margin = $450,000 - $292,000

Contribution margin = $158,000

Requirement 3

Operating income = Contribution margin - Fixed expense

Given,

Contribution margin = $158,000 (From requirement 2)

Fixed expense = Fixed manufacturing costs + Fixed selling and administrating expenses.

Fixed expense = $70,000 + $35,000

Fixed expense = $105,000

Putting the values into the formula, we can get

Operating income = Contribution margin - Fixed expense

Operating income = $158,000 - $105,000

Operating income = $53,000

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The balance sheet of Concord Company at December 31, 2016, includes the following.
Stella [2.4K]

Answer and Explanation:

The Journal Entry is shown below:-

1. Cash Dr, $138,526  

Discount on sales Dr, $1,974

$65,800 × 3%

           To account receivable $140,500

(Being cash received on accounts receivable is recorded)

2. Accounts receivable Dr, $5,500  

         To Allowance for doubtful debts $5,500

{Being cash received against accounts receivable written off is recorded)

3. Allowance for doubtful debts Dr, $20,600  

      To Accounts receivable  $20,600

(Being accounts receivable written off is recorded)

4. Bad debts Dr, $17,800  

     To Allowance for doubtful debts $17,800

(Being Allowance for doubtful debts created for bad debts is recorded)

Working Note for 4th entry

Allowance for doubtful debts

Particulars                           Amount        Particulars                Amount

To accounts receivable     $20,600       By balance b/d 20,400

By account receivable        $5500

to balance                             $23,100     By bad debts       $17,800

Total                               $43,700     Total                      $43,700

5 0
4 years ago
How do i type i am serious
Butoxors [25]

1

Place your fingers in the "home" position. That's the position in which your fingers will rest between keystrokes. No matter what part of the keyboard you're using, your fingers will always come back to rest in this position.[1]

Place your right index finger on the "J" key and let the other three fingers fall naturally onto the "K", "L" and ";" keys respectively. Place your left index finger on the "F" key and let the other three finger fall naturally onto the "D", "S", and "A" keys respectively. Both thumbs should rest on the space bar, but only the right thumb should key it.[2]

You should feel a raised bump on both the "F" and "J" keys. These will allow your fingers to find the home position without having to look at the keyboard.

2

Type each key from left to right. Type each letter covered by the fingers in the home position, going from left to right: a s d f j k l ;. You shouldn't have to move your fingers from their home positions. Just press the keys they are resting on.

3

Repeat, but this time capitalize. Repeat the step above, but this time in capital letters: A S D F J K L :. Use the shift key to capitalize rather than the caps lock. Push the shift key by moving only your nearest pinkie finger and pressing and holding it while pushing the desired letter with your other hand.

In other words, when the letter you would like capitalized is typed with your left hand, you press the right shift key with your right pinkie.

When the letter you would like capitalized is typed with your right hand, you press the left shift key with your left pinkie.

4

Become familiar with the rest of the alphabet. Learn where each letter is positioned on the keyboard, and use the nearest finger to contact each key. (The thumbs are never the nearest finger; they are used only on the space bar.)[3]

"q" "a" and "z" are typed with the left pinkie, and so are the tab, caps lock, and shift keys.

"w" "s" and "x" are typed with the left ring finger.

"e" "d" and "c" are typed with the left middle finger.

"r" "f" "v" "b" "g" and "t" are typed with the left index finger.

Your thumbs should never leave the space bar.

"u" "j" "n" "m" "h" and "y" are typed with your right index finger.

"i" "k" and the keys with "," and "<" are typed with the right middle finger.

"o" "l" and the keys with ">" and "." are typed with the right ring finger.

Your right pinkie finger is used for typing: "p", ";", ":", "'", """ (a quotation mark), "/", "?", "[", "{", "]", "}", "\", "|", and is used for pressing the shift, enter, and backspace keys.

5

Type your first sentence. Starting from the home position, type: "The quick brown fox jumps over the lazy dog". This sentence contains every letter in the alphabet, so it's a perfect sentence for practicing the correct finger positioning.

Type the sentence over and over, watching your fingers to make sure they go to the right keys and immediately return to home position.

Once you begin to feel comfortable with the way your fingers are moving, try to look at the screen while you type rather than looking at the keyboard. This is known as touch typing.

5 0
3 years ago
Last Friday, you purchased a 4-pack Sensodyne Extra Whitening Toothpaste at $29.99, which will last three months for your family
mote1985 [20]

Answer: Speculative inventory

Explanation:

Speculative inventory, is also called the anticipatory inventory, and this occurs when an inventory is purchased so that it can be held for future need. Therefore z buying it early then becomes a necessity.

Therefore, the situation whereby a 4-pack Sensodyne Extra Whitening Toothpaste at $29.99, was bought and will last three months for the family to use is referred to as speculative inventory.

5 0
3 years ago
standards are blank . multiple select question. set for each major production input or task benchmarks for measuring performance
lesya [120]

Standards are set for each major production input or task, benchmarks for measuring performance and compared to the actual quantities and costs of inputs. Thus, option first, third and fourth are correct.

<h3>What is the meaning of performance?</h3>

The act of executing a ceremony, play, piece of music, and so on. The execution or achievement of work, actions, feats, and so on. It is a specific action, deed, or process.

Standards are established for each massive production input or job, serving as benchmarks for monitoring performance and being compared to real input amounts and prices. As a result, options one, three, and four are correct.

Learn more about performance here:

brainly.com/question/15466511

#SPJ1

6 0
1 year ago
Realizing an increase in both the number of consumers who are environmentally-conscious and the numberof consumers who are seeki
ivolga24 [154]

Answer:

The correct answer is B

Explanation:

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So, it is an example for capitalizing as well as identifying the opportunity in the market while the strategic window is open.

5 0
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