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Nuetrik [128]
2 years ago
7

Gardner Corporation manufactures skateboards and is in the process of preparing next year's budget. The pro forma income stateme

nt for the current year is presented below. Sales $ 1,500,000 Cost of sales: Direct Material $ 250,000 Direct labor 150,000 Variable Overhead 75,000 Fixed Overhead 100,000 575,000 Gross Profit $ 925,000 Selling and G&A Variable 200,000 Fixed 250,000 450,000 Operating Income $ 475,000 The break-even point (rounded to the nearest dollar) for Gardner Corporation for the current year is:
Business
1 answer:
Serhud [2]2 years ago
6 0

Answer:

$636,364

Explanation:

Calculation to determine what The break-even point for Gardner Corporation for the current year is

First step is to calculate the Variable costs

Variable costs = $250,000 + $150,000 + $75,000 + $200,000

Variable costs = $675,000

Second step is to calculate the Contribution margin ratio

Contribution margin ratio = (Sales - Variable costs) / Sales

Contribution margin ratio= ($1,500,000 - $675,000) / $1,500,000

Contribution margin ratio= 0.55*100

Contribution margin ratio = 55%

Now let calculate the Break-even point

Break-even point = Fixed costs / Contribution margin ratio

Break-even point= ($100,000 + $250,000) / 0.55

Break-even point = $636,364

Therefore The break-even point (rounded to the nearest dollar) for Gardner Corporation for the current year is:$636,364

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If the unemployment rate is 5.8% and the number of unemployed persons is 15 million, the labor force is approximately:__________
Delicious77 [7]

Answer: 258 million

Explanation:

The labor force refers to the number of people who are employed and the unemployed who are also looking for work.

Let the labor force be represented by x. Based on the question given, we can form an equation which will be:

5.8% of x = 15 million

0.058x = 15 million

x = 15million / 0.058

x = 258 million

Therefore, the labor force is approximately 258 million.

6 0
2 years ago
a city or county’s master plan is an example of government land-use controls where the authority is derived from the government’
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it is derived from the government’s Police Power  According to United States constitutional law, the police power is the ability of the states to control conduct and uphold law and order on their soil for the benefit of their citizens' general welfare, safety, morals, and general well-being.

<u>What </u><u>elements </u><u>make up </u><u>police power?</u>

  • The use of police authority has historically entailed the ability to
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4 0
1 year ago
Which is an attribute of an effective organiation structure?
timofeeve [1]

Answer:

Attributes of an effective organization structure are given below.

1. An effective organizational structure facilitates attainment of objectives through proper coordination of all activities

2. In a effective organizational structure, the conflicts between individuals over jurisdiction are kept to a minimum

3. It eliminates overlapping and duplication of work.

4. It decreases likelihood of runarounds

5. It facilitates promotions of personnel

6. It aids in wage and salary administration

7. Communication is easier at all levels of organizational hierarchy

8. A well-structured organization provides a sound basis for effective planning

9. It results in increased cooperation and a sense of pride among members of the organization

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7 0
3 years ago
At the beginning of the year, Monroe Company estimates annual overhead costs to be $800,000 and that 200,000 machine hours will
lora16 [44]

Answer:

$600,000

Explanation:

For computing the overhead applied first we have to find out the predetermined overhead rate

Predetermined overhead rate = (Total estimated manufacturing overhead) ÷ (estimated machine hours)

= $800,000 ÷ 200,000 hours

= $4

Now the overhead applied is

= Actual direct labor-hours × predetermined overhead rate

= 150,000 hours × $4

= $600,000

3 0
2 years ago
After evaluating Null Company’s manufacturing process, management decides to establish standards of 2 hours of direct labor per
Arisa [49]

Answer:

Explanation:

The computation is shown below:

For October month:

The computation of the direct labor price variance is shown below:  

= Actual Hours × (Actual rate - standard rate)  

= 11,500 × ($180,550 ÷ 11,500 hours - $15.50 per hour)  

= 11,500 × ($15.70 - $15.50)

= $2,300 unfavorable

The computation of the direct labor efficiency variance is shown below:  

= Standard Rate × (Actual hours - Standard hours)  

= $15.50 per hour × (11,500 hours - 6,100 units × 2 hours)  

= $15.50 per hour × 700 hours

= $10,850 favorable

The computation of the total direct labor cost variance is shown below:

= Direct labor rate variance + direct labor efficiency variance

=  $2,300 unfavorable  +  $10,850 favorable

= $8,550 favorable

For November month:

The computation of the direct labor price variance is shown below:  

= Actual Hours × (Actual rate - standard rate)  

= 22,500 × ($355,500 ÷ 22,500 hours - $15.50 per hour)  

= 22,500 × ($15.80 - $15.50)

= $6,750 unfavorable

The computation of the direct labor efficiency variance is shown below:  

= Standard Rate × (Actual hours - Standard hours)  

= $15.50 per hour × (22,500 hours - 6,500 units × 2 hours)  

= $15.50 per hour × 9,500 hours

= $147,250 favorable

The computation of the total direct labor cost variance is shown below:

= Direct labor rate variance + direct labor efficiency variance

=  $6,750 unfavorable  +  $147,250 favorable

= $140,500 favorable

3 0
3 years ago
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