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Aloiza [94]
3 years ago
6

Wasilko Corporation produces and sells one product The budgeted selling price per unit is $114. Budgeted unit sales for February

is 9,900 units. Each unit of finished goods requires 6 pounds of raw materials. The raw materials cost $4.00 per pound. The direct labor wage rate is $24.00 per hour. Each unit of finished goods requires 2.4 direct labor-hours. Manufacturing overhead is entirely variable and is $9.00 per direct labor-hour. The variable selling and administrative expense per unit sold is $1.60. The fixed selling and administrative expense per month is $70,000. The estimated net operating income (loss) for February is closest to:
Business
1 answer:
mr_godi [17]3 years ago
5 0

Answer: $21,080

Explanation:

First calculate the contribution margin per unit

= Sales - Variable costs

= Selling price - Raw materials - Direct labor cost - Manufacturing overhead - Variable selling and administrative expense

= 114 - (6 * 4) - (2.4 * 24) - (9 * 2.4) - 1.60

= $9.20

The Contribution margin is:

= 9.20 * 9,900 units

= $91,080

Net operating income = Contribution margin - fixed cost

= 91,080 - 70,000

= $21,080

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Sedaia [141]

Answer:

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Explanation:

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If Rex invests in a software that automates his book keeping, he wouldn't need an accountant to help with his book keeping, so demand for labour would fall.

After Katie's competition closes down, more people would patronise Katie. Katie's demand for Labour would increase because of the influx of customers.

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I hope my answer helps you.

8 0
3 years ago
What do you know about the company/organization you wish to work for?
Masja [62]

Explanation:

Financial health of the company.

Company's brand value.

Work culture and environment.

wages and salary ofc

4 0
2 years ago
If you start a business would you rather start off with earning 1million every week and 10,000 an hour or just earn 1 million in
Verizon [17]

Answer:

Im going with either 1million a day or 10k an hour

4 0
2 years ago
July 1 Purchased merchandise from Boden Company for $6,200 under credit terms of 2/15, n/30, FOB shipping point, invoice dated J
Elan Coil [88]

Answer:

July 1

Dr Merchandise Inventory$6,200

Cr Accounts Payable $6,200

July 2

Dr Accounts Receivable $900

Cr Sales $900

Dr Costs of Goods Sold $517

Cr Merchandise Inventory $517

July 3

Dr Merchandise Inventory $105

Cr Cash $105

July 8

Dr Cash $1,900

Cr Sales $1,900

Dr Cost of Goods Sold $1,500

Cr Merchandise Inventory $1,500

July 9

Dr Merchandise Inventory $2,800

Cr Accounts Payable$2,800

July 11

Dr Accounts Payable $800

Cr Merchandise Inventory $800

July 12

Dr Cash $882

Dr Sales Discounts-$18

Cr Accounts Receivable $900

July 16

Dr Accounts Payable $6,200

Dr Merchandise Inventory $124

Cr Cash $6,076

July 19

Dr Accounts Receivable $1,800

Cr Sales $1,800

Dr Cost of Goods Sold $1,200

Cr Merchandise Inventory $1,200

July 21

Dr Sales Returns and allowances $300

Cr Accounts Receivable $300

July 24

Dr Accounts Payable $2,000

Cr Merchandise Inventory $40

Cr Cash -$1,960

July 30

Dr Cash $1,470

Cr Sales discounts $30

Cr Accounts receivable $1,500

July 31

Dr Accounts receivable $7,100

Cr Sales $7,100

Dr Cost of Goods Sold $5,000

Cr Merchandise Inventory $5,000

Explanation:

Preparation of journal entries to record merchandising transactions of Blink Company

July 1

Dr Merchandise Inventory$6,200

Cr Accounts Payable $6,200

July 2

Dr Accounts Receivable $900

Cr Sales $900

Dr Costs of Goods Sold $517

Cr Merchandise Inventory $517

July 3

Dr Merchandise Inventory $105

Cr Cash $105

July 8

Dr Cash $1,900

Cr Sales $1,900

Dr Cost of Goods Sold $1,500

Cr Merchandise Inventory $1,500

July 9

Dr Merchandise Inventory $2,800

Cr Accounts Payable $2,800

July 11

Dr Accounts Payable $800

Cr Merchandise Inventory $800

July 12

Dr Cash $882

($900-$18)

Dr Sales Discounts-$18

(900x.02=$18 sales disc.)

Cr Accounts Receivable $900

(882+18)

July 16

Dr Accounts Payable $6,200

Dr Merchandise Inventory $124

(6,200x.02)

Cr Cash $6,076

($6,200-$124)

July 19

Dr Accounts Receivable $1,800

Cr Sales $1,800

Dr Cost of Goods Sold $1,200

Cr Merchandise Inventory $1,200

July 21

Dr Sales Returns and allowances $300

Cr Accounts Receivable $300

July 24

Dr Accounts Payable $2,000

($2,800-$800)

Cr Merchandise Inventory $40

($2,000*2%)

Cr Cash -$1,960

($2,000-$40)

July 30

Dr Cash $1,470

($1,500-$30)

Sales discounts $30

($1,500x.02)

Cr Accounts receivable $1,500

($1,800-$300)

July 31

Dr Accounts receivable $7,100

Cr Sales $7,100

Dr Cost of Goods Sold $5,000

Cr Merchandise Inventory $5,000

8 0
3 years ago
Strategic groups typically follow different business strategies. In the pharmaceutical example in this case, the high-risk, high
Bumek [7]

The pharmaceutical example whereby the high-risk, high-return strategy is employed would be characterized by: d. related diversification.

<h3>What is Related Diversification?</h3>

Related diversification can be described as a scenario whereby a firm ventures into a new industry in which there are similarities in the business lines of the new and old industry.

In most cases, related diversification, is a strategy where the existing products and services have much similarity with the new ones that are being developed.

Therefore, the pharmaceutical example whereby the high-risk, high-return strategy is employed would be characterized by: d. related diversification.

Learn more about related diversification on:

brainly.com/question/417234

4 0
3 years ago
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