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melamori03 [73]
3 years ago
7

The manager at Jerome Mobility, Inc. reported the following information for 2019: Actual Results Static Budget Units sold 1,700

units 1,500 units Revenues $221,000 $195,000 Variable costs Direct materials 70,000 60,000 Direct manufacturing labor 36,500 31,500 Variable manufacturing overhead 16,000 13,500 Total variable costs 122,500 105,000 Contribution margin 98,500 90,000 Fixed costs 51,000 50,000 Operating income $47,500 $40,000 What is the static-budget variance for operating income for Jerome Mobility Inc. for 2019
Business
1 answer:
mezya [45]3 years ago
3 0

Answer:

$7,500 F

Explanation:

Calculation to determine the static-budget variance for operating income for Jerome Mobility Inc. for 2019

Using this formula

2019 Static budgeted variance for operating income = Actual result - Static budget amount

Let plug in the formula

2019 Static budgeted variance for operating income= $47,500 - $40,000

2019 Static budgeted variance for operating income= $7,500 F

Therefore the static-budget variance for operating income for Jerome Mobility Inc. for 2019 will be $7,500 F

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You are the manager of a supermarket, and you know that the income elasticity of peanut butter is exactly -0.7. Due to the econo
padilas [110]

Answer:

The purchase should stay the same or even increase its number.

Explanation:

To begin with, due to the fact that the income elasticity of peanut butter is exactly -0,7 then that good is inferior and because of that when the income drops by 15 percent next year then the consumer will still be buying the product but in a more frequent  way due to the fact that if the income decreases then the demand of that product that tend to be inferior will be available for everyone. That is why, as a manager you should continue to buy peanut butter.

6 0
3 years ago
The following cost behavior patterns describe anticipated manufacturing costs for 2013: raw material, $8.20/unit; direct labor,
Irina18 [472]

Answer:

Note: The missing part of the question is <em>"using variable costing  and absorption costing. Explain the difference"</em>

<em />

Solution

According to variable costing, the unit cost based was

= $8.20 + $11.20 + $9.20

= $28.6

According to absorption costing,

Total Manufacturing costs= Direct material + Direct labor + Overhead

= $8.20 + $11.20 + ($386,400/42,000 units) + $9.20

= $8.20 + $11.20 + $9.2 + $9.2

= $37.8

The difference between the variable costing and the absorption cost is because the product costing using variable costing method only includes variable costs.

8 0
3 years ago
Metallica Bearings, Inc., is a young start-up company. No dividends will be paid on the stock over the next 10 years because the
ivolga24 [154]

Answer:

$44.12

Explanation:

For computing the current share price first we have to determine the price of the stock which is shown below:

Price of the stock = Next year dividend ÷ (Required rate of return - growth rate)

where,

Next year dividend equal to

= $12.25 + $12.25 × 5.25%

= $12.25 + 0.643125

= $12.893125

So, the price of the stock is

= $12.89 ÷ (13.25% - 5.25%)

= $12.89 ÷ 8%

= $161.1640625

Now the current share price is

= Present value of the dividend + present value of the price of stock

= $12.25 ÷ (1 + 13.25%)^11 +  $161.1640625 ÷ (1 + 13.25%)^11

= $44.12

7 0
3 years ago
In a recent survey of your major customers, you were disappointed to find that a majority of customers rated your company poorly
irina [24]

Answer:

A. You should establish one email address that customers can use to send emails about their problems with your products.

7 0
2 years ago
A data mart is the operational database for the company. <br> a) true <br> b) false
lorasvet [3.4K]

It is (a) true that data mart is the operational database for the company.

A data mart is a basic data warehouse focused on one topic or area of business. Data mart helps the teams within the company to access the data and achieve insight faster. Company members don’t have to spend excessive time on complex data management systems or manually aggregate data from various sources. Data mart also ensures that there are no human-led errors in data collection within the company, which is common when the data is managed manually. A data mart is accurate, simple, and saves a lot of time for the organization.

Learn more about data mart here:

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7 0
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