An electronics store wants to clear the warehouse of all television models

In a process costing system, the application of factory overhead usually would be recorded as an increase in: (CPA adapted) A. F

otez555 [7]

Answer: Factory overhead control

Explanation: Factory overhead is the account where the amount of cost incurred while manufacturing a product is recorded and no direct labour or material is recorded. When the manufactured goods are finished and produced they are recorded as expenses when the goods are sold as manufactured finished products.

All the expenses related to the factory are included in this account such as rent, utility, electricity, supplies, tools. Factory overhead is known as manufacturing burden or expenses.

7 0

3 years ago

Southern Markets has sales of $78,400, net income of $2,400, costs of goods sold of $43,100, and depreciation of $6,800. What is

Helen [10]

Answer:

36.35%

Explanation:

According to the scenario, computation of the given data are as follows,

Sales = $78,400

Net income = $2,400

Cost of goods sodl = $43,100

Depreciation = $6,800

So, we can calculate the EBIT value by using following formula:

= EBIT ÷ Sales

= ($78,400 - $43,100 - $6,800) ÷ ($78,400)

= $28,500 ÷ $78,400

= 36.35%

Hence, the common-size statement value of EBIT is 36.35%

3 0

3 years ago

JVL Inc. sells its only product for $10 per unit. Variable costs are $4 per unit and total fixed costs are $40,000. The company

natka813 [3]

Answer:

$9,000

Explanation:

Profit = Total revenue - Total cost

Total cost = Total fixed cost + Total variable cost

Fixed cost = $40,000

Variable costs = variable cost per unit × total output = $4 × 10,000 = $40,000

Total cost = $40,000 + $40,000 = $80,000

Total revenue = price × output = $10 × 10,000 = $100,000

Profit = $100,000 - $80,000 = $20,000

If sales increases by 1500, output would be 11,500

Total variable cost = 11500 × $4 = $46,000

Total cost = $40,000 + $46,000 = $86,000

Revenue = $10 x 11500 = $115,000

Profit = $115,000 - $86,000 = $29,000

Increase in profit = $29,000 - $20,000 = $9,000

I hope my answer helps you

4 0

3 years ago

Read 2 more answers

an Corporation of Japan has two regional divisions with headquarters in Osaka and Yokohama. Selected data on the two divisions f

irinina [24]

Answer:

Part 1 - ROI

In terms of Margin :

Division Osaka = 20 %

Division Yokohama = 14 %

In terms of Turnover :

Division Osaka = 400 %

Division Yokohama = 200 %

Part 2 - Residual Income

Division Osaka = $182,000

Division Yokohama = $210,000

Explanation:

Return on investment (ROI) = Divisional Profit Contribution / Assets Employed in the division x 100

In terms of Margin :

Division Osaka = $ 455,000 / $ 2,275,000 x 100 = 20 %

Division Yokohama = $ 1,470,000/ $ 10,500,000 x 100 = 14 %

In terms of Turnover :

Division Osaka = $ 9,100,000 / $ 2,275,000 x 100 = 400 %

Division Yokohama = $ 21,000,000/ $ 10,500,000 x 100 = 200 %

Residual income = Controllable Profit - Cost of Capital Charge on Controllable Investment

Therefore,

Division Osaka = $ 455,000 - $ 2,275,000 x 12 % = $182,000

Division Yokohama = $ 1,470,000 - $ 10,500,000 x 12 % = $210,000

8 0

3 years ago

_____________ occurs when circumstances have allowed several large firms to have all or most of the sales in an industry.

andriy [413]

An oligopoly occurs when circumstances have allowed several large firms to have all or most of the sales in an industry.

Oligopoly markets are markets dominated with the aid of a small range of suppliers. They can be determined in all international locations and throughout a large range of sectors. some oligopoly markets are aggressive, even as others are appreciably much less so, or can as a minimum seem that way.

A number of the most exquisite oligopolies within the U.S. are in film and television production, recorded track, wi-fi companies, and airlines. for this reason the 1980s, it has become greater, not unusual for industries to be ruled with the aid of or three companies. Merger agreements among foremost gamers have ended in industry consolidation.

An oligopoly is a market structure in which a market or enterprise is ruled by means of a small wide variety of big sellers or manufacturers. Oligopolies regularly end result from the choice to maximize profits, leading to collusion among corporations.

Learn more about oligopoly here brainly.com/question/3227891

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3 0

1 year ago