Answer:Flexible budget =$ 150,750
Explanation:
Variable overhead rate = $108,000 / 160000 = $ 0.675 per hour
(budgeted supervision cost)
Fixed overhead = $ 36,000
Flexible budget = Variable over head rate x direct labour + budgeted supervision cost (fixed overhead)
0.675 x 170,000+ 36,000
= 114,750+36,000
=$ 150,750
Skills and ability, interest and personality type, and previous experiences
The fact that Madison wants to open a restaurant and plans to employ a staff of about 10 people, including wait staff and cooks means that Madison is planning to create a flat type of organization. The units and positions within the flat organization are flat distributed, which means there are <span>few or no levels of middle management between staff and executives.</span>
Answer:
$1,144,000
Explanation:
The product cost of an item is the total cost incurred in producing that item. This includes cost elements such as direct materials, direct labor and manufacturing overheads.
Hence given that Dixon Company incurred the following costs: direct materials used, $280,000; direct labor, $480,000; manufacturing overhead, $384,000; and selling and administrative expenses, $250,000,
Product cost
= $280,000 + $480,000 + $384,000
= $1,144,000
Dixon's product costs total is $1,144,000
Answer:
35%
Explanation:
Accounting rate of return =Average annual net income*100/Average investment
Average investment = (500000+10000/2) = 255000
Accounting rate of return = 175000*100/255000 = 68.63%
Accounting rate of return = 175000*100/500000 = 35%