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Juli2301 [7.4K]
3 years ago
9

Boersma Sales , Inc., a merchandising company, reported sales of 7100 units in September at a selling price of $682 per unit. Co

st of goods sold, which is a variable cost, was $317 per unit. Variable selling expenses were $44 per unit and variable administrative expenses were $22 per unit. The total fixed selling expenses were $157,200 and the total administrative expenses were $338,000. The gross margin for September was: Multiple A: See solution
Business
1 answer:
Doss [256]3 years ago
3 0

Answer:

$2,122,900

Explanation:

Calculation to determine what The Gross margin for September was

First step is to determine the variable costs

Variable costs= (317 * 7,100) + (44*7,100) + (22*7,100)

Variable costs= 2,250,700 + 312,400 + 156,200

Variable costs= $2,719,300

Now let determine the Gross margin

Using this formula

GM=Sales-VC

Let plug in the formula

Gross margin = (682 * 7,100) - 2,719,300

Gross margin = $2,122,900

Therefore The gross margin for September was:$2,122,900

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In April​ 2017, the​ working-age population of the United States was 254.6 million. The​ working-age population is divided into
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population of the United States was 254.6 million. The​ working-age population is divided into those in the labor force​ (160.2 million) and those not in the labor force​ (94.4 million). The labor force is divided into the employed​ (153.2 million) and the unemployed​ (7.1 million). Those not in the labor force are divided into those not available for work​ (88.7 million) and those available for work​ (5.7 million).​ Finally, those available for work but not in the labor force are divided into discouraged workers​ (0.5 million) and those currently not working for other reasons​ (5.2 million).

Use this data to help determine which one of the following statements is​ true:

The unemployment rate is

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N.B

Check the attachment for full question

Answer:

D. Both A and B are correct

Explanation:

The unemployment rate is 4.4%

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4 0
3 years ago
On May 1, 2016, Varga Tech Services signed a $6,000 consulting contract with Shaffer Holdings. The contract requires Varga to pr
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Answer:

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As the cash received in advance is recorded as unearned revenue which is a liability for the Varga Tech Services because they did not provide the services yet. On  December 31,  Eight months have passed and services for these month has been provided. So the revenue of 8 month months of 2016 will be recognized and recorded at year end.

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Revenue Recognized in 2016 = $6,000 x 8/12 = $4,000

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