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AysviL [449]
2 years ago
14

Risser Woodworking Corporation produces fine cabinets. The company uses a job-order costing system in which its predetermined ov

erhead rate is based on capacity. The capacity of the factory is determined by the capacity of its constraint, which is an automated jointer. Additional information is provided below for the most recent month:
Estimates at the beginning of the month:
Estimated total fixed manufacturing overhead $16,244
Capacity of the jointer 310 hours
Actual results:
Sales $ 66,300
Direct materials $ 15,900
Direct labor $ 14,430
Actual total fixed manufacturing overhead $ 16,244
Selling and administrative expense $ 9,500
Actual hours of jointer use 260 hours
The gross margin that would be reported on the income statement prepared for internal management purposes would be closest to:_____________
Business
1 answer:
erma4kov [3.2K]2 years ago
4 0

Answer:

Gross margin $22,346

Explanation:

The computation of the gross margin is shown below:

Sales             $66,300

less:

Direct material  $15,900

Direct labor   $14,430

Overhead $13,624 ($16,244 ÷ 310× 260)

Gross margin $22,346

Hence, the gross margin is $22,346

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Worldwide annual sales of a product in 2013–2017 were projected to be approximately q = −10p + 4,700 million units at a selling
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The revenue function is given by R = -10p² + 4700p

Revenue is the total amount of money made from selling a particular unit of products while cost is the amount of money spent in production.

Given an annual sales (q) as:

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The selling price is $p per unit. Hence:

Revenue = per unit price * annual sales

Revenue = p * (−10p + 4,700)

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Which of the following statements is not correct? Employees have limited protection against surveillance by employers.
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Answer: As with normal first-class mail, employers cannot read employee e-mail."

Explanation:

From the options given, the correct statements are that:

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The option that "as with normal first-class mail, employers cannot read employee e-mail" is incorrect. Employers can read the email of their workers.

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3 years ago
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Answer: A. The island of Atlantis has an increasing opportunity cost of producing potatoes and the production possibility frontier is bowed outward.

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