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irakobra [83]
3 years ago
9

Blossom Industries produces and sells a cell phone-operated home security control. Information regarding the costs and sales of

security controls during May 2020 are provided below. Unit selling price of security control $45 Unit variable costs $22 Total monthly fixed costs $121,000 Units sold 7,500 Prepare a CVP income statement for Blossom Industries for the month of May. Provide per unit values and total values.
Business
1 answer:
steposvetlana [31]3 years ago
7 0

Explanation:

                          Total                                   Per Unit

Sales                          $  337,500                            $  45

Less: Variable Cost  $  165,000                            $  22

Contribution margin  $  172,500                                    $  23

Less : Fixed Cost          $  121,000  

Profit                          $  51,500  

Sales Total = $ 45 * 7,500 Units

Variable Cost Total = $ 22 * 7,500 Units

Contribution Margin Total = $ 23 * 7500 Units

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Ipatiy [6.2K]

Materials that become independent components of the finished product and whose cost can be easily and conveniently traced to the finished products are <u>direct materials.</u>

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<h3>What are direct materials?</h3>

Those components pass into a manufactured product are called as Direct materials. Direct materials cost refers to the cost of direct materials which may be without problems recognized with the unit of production.

For example, the value of glass is an immediate substance cost in light bulb manufacturing.

Hence, Materials that become independent components of the finished product and whose cost can be easily and conveniently traced to the finished products are <u>direct materials.</u>

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8 0
1 year ago
In a _____________________ contract, a family worked a small part of a large farm in exchange for part of the crop.
sweet [91]

In a tenancy contract, a family worked a small part of a large farm in exchange for part of the crop.

<h3>What is a tenancy contract?</h3>

Tenancy agreement or rental contract is a legally enforceable agreement that grants the renter use of a property for a specific usage and time period. The agreement outlines every aspect of the lease as well as the standards and expectations that were mutually agreed upon by the parties.

A lease, which is more common for a fixed time, is different from a rental agreement, which is a contract of the rental between the owner of a property and a renter who wants to have temporary possession of the property. Rental agreements are typically written.

An arrangement between you and a landlord is known as a tenancy agreement. As long as you pay rent and abide by the rules, you are permitted to occupy a property. It also outlines the tenancy's legal terms and restrictions.

A tenancy agreement is regarded as a periodic lease in the business world, with a one-month notice period for termination available to either the landlord or the tenant.

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5 0
1 year ago
If a customer's bill is $45.00 for the first month their subscription starts and $30.00 each month after that, which date did th
liubo4ka [24]
<span>Answer- The fifteenth of the month. This question doesn't require a lot of thinking. In other words it is a straightforward question. The subscription for each full month is actually $30. This means the subscriptions for each day is about $1. Since the first subscription was $45, the service started on 15th of the moth ($45-$30).</span>
5 0
3 years ago
Eleni's landscaping company placed two orders. *The first order was for 13 bushes and 4 trees and totaled $487. *The second orde
Maksim231197 [3]

Answer:

Price of One Bush is $ 23

Explanation:

Suppose

bushes = B

trees = T

According to given condition:

13B + 4T = 487 (Eq: 1)

6B + 2T = 232 (Eq: 2)

Multiplying (Eq: 2) by 2

12B + 4T = 464 (Eq: 3)

Substractign (Eq: 3) from (Eq: 1)

13B + 4T - (12B + 4T) = 487 - 464

13B + 4T - 12B - 4T = 23

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By putting value of B in (Eq: 1)

(13 x 23) + 4T = 487

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4T = 487 - 299

4T = 188

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5 0
2 years ago
A principal real estate broker is responsible to review and initial all documents written by his associated real estate brokers
slamgirl [31]

Answer:

The correct answer is <em>7 banking days from the date the document was accepted, rejected or withdrawn</em>.

Explanation:

A real estate agent is a natural person who is dedicated to providing mediation, advice and management services in real estate transactions related to: the sale, rental, exchange or transfer of real estate and their corresponding rights, including the constitution of these rights.

In each country, the activity is governed by a particular law, so far there is no law that regulates real estate issues worldwide, despite the fact that many real estate agents carry out transactions in countries other than their headquarters.

8 0
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