Consumers are limited in the total utility that they can gain from buying products because they have limited

In the process of benchmarking for a variable expense such payroll the typical metrics use are Total dollars and dollars per ava

AlexFokin [52]

Answer:

False

Explanation:

Benchmarking is a process of evaluating the overall or segmental performance of a business by comparing the performance in the relevant segment to the industry standard or to the performance of a competitor in order to identify opportunities for improvement that are within control, using .

In payroll benchmarking , relative metrics can be total cost to payroll , cost per $1000 revenue to manage payroll and others.

Total dollars and dollars per available rooms are not good metrics for payroll benchmarking.

7 0

4 years ago

Searls Corporation, a merchandising company, reported the following results for July: Number of units sold 2,700 units Selling p

melisa1 [442]

Answer:

$534,600

Explanation:

<em>Contribution margin = Sales - Variable Costs</em>

where :

Sales = 2,700 units x $664 = $1,792,800

Variable Costs = Costs of Goods Sold + Variable Selling Costs + Variable Administrative Cots

= 2,700 units x $405 + 2,700 units x $48 + 2,700 units x $13

= $1,258,200

therefore,

Contribution margin = $1,792,800 - $1,258,200 = $534,600

6 0

3 years ago

Both Amy and Brad produce and consume apple pie and ice cream. In one hour, Brad makes five apple pies or ten gallons of ice cre

Arte-miy333 [17]

Answer:

Amy has absolute advantage in the production of Apples pies and ice cream.

Amy has comparative advantage in the production of Apple pies.

Brad has a comparative advantage in production of ice creams

Amy should specialise in the production of Apple pies, brad should specialise in the production of icecream

Explanation:

A person has comparative advantage in production if he produces at a lower opportunity cost when compared with other people.

Brad's opportunity cost:

In producing apple pies = 10 / 5 = 2

In producing ice cream :5 / 10 = 0.5

Amy's opportunity cost:

In producing apple pies : 15/15 = 1

In producing icecreams : 15/15 = 1

Amy has the lower opportunity cost when compared with Brad in producing apples pies. Therefore, she has comparative advantage in the production of Apple pies.

Brad has the lower opportunity cost when compared with Amy in producing ice cream. Therefore, he has comparative advantage in the production of ice cream.

A person should specialise and trade the good for which she has a comparative advantage.

A person has absolute advantage in the production of a good or service If he produces more quantity of the good when compared with other people.

Amy has absolute advantage in the production of both goods.

6 0

3 years ago

The standard cost of Product B manufactured by Pharrell Company includes 2.0 units of direct materials at $6.9 per unit. During

LekaFEV [45]

Solution:

Given information,

SP=$6.9

SQ=27400 (13,[email protected])

AP=$6.85

AQ=27,500

Now,

Price variance is AQ(SP-AP), or 27,500($.2)=$5500 (This is favorable, since the materials were obtained at below average cost.)

Quantity variance is SP(SQ-AQ), or $6.9(-1000)= -$6900 (This is unfavorable, since more than the standard quantity was used.)

Total materials variance can be obtained two ways:

SQ*SP-AQ*AP, or totalling the two variances already calculated.

SQ*SP-AQ*AP = 189060 - 188375

SQ*SP-AQ*AP = 685

2. Given information,

SP=$6.9

SQ=27400 (13,[email protected])

AP=$6.85

AQ=27,500

Now, price variance: AQ(SP-AP)= 27,500(6.9-6.85) =1375

Quantity variance: SP(SQ-AQ)=6.9(27,400-27,500)= -690

Thus total variance: -690

(Note that negative numbers are unfavourable, positive numbers are favourable.)

3 0

4 years ago

Dianne Ruth withdrew $8,000 from her educational savings account and used $6,000 to pay for qualified higher education expenses.

trasher [3.6K]

Answer:

$7,600

Explanation:

Calculation to determine How much of the $8,000 is tax free

Step 1 is to calculate the % using this formula

%=Savings ratio ROC Contributed/Total balance

Let plug in the formula

%=$20,000/$25,000

%= .80*100

%=80%

Step 2 is to calculate the ROC tax free using this formula

ROC tax free=% x Distribution

Let plug in the formula

ROC tax free=.80x 8000

ROC tax free=$6,400

Step 3 is to Contained earnings in distribution using this formula

Contained earnings in distribution=Distribution - ROC tax free

Let plug in the formula

Contained earnings in distribution=$8,000-$6,400

Contained earnings in distribution= $1,600

Step 4 is to calculate Excludable earning using this formula

Excludable earning=(Qualified exp/distribution ) x Earning contained

Let plug in the formula

Excludable earning=($6,000/$8,000) x $1,600

Excludable earning= $1,20/

Step 5 is to calculate the Taxable amount using this formula

Taxable =Earnings - Excludable

Let plug in the formula

Taxable=$1,600-$1,200

Taxable =$400

Now let determine the Tax free using this formula

Tax free = Distribution- Taxable

Let plug in the formula

Tax free=$8,000- $400

Tax free=$7,600

Therefore How much of the $8,000 is tax free will be $7,600

8 0

3 years ago