Answer:
$10, 950
Explanation:
What is the net operating income (loss) for the month under the variable costing?
Direct materials $ 20
Direct labour 62
Variable manufacturing overheads 8
Total variable costs 90
Sales ($120 x 8, 650) $ 1, 038, 000
Variable expenses:
Variable cost of goods sold ($90 x 8650) 778, 500
Variable selling admin costs ($12 x 8, 650) 103, 800
Contribution margin 155, 700
Fixed expenses:
Fixed manufacturing overheads 135, 750
Fixed selling and admin 9, 000
Net operating profit 10, 950
I think it’s C but I’m not quite sure about that
Answer:
A firm's normal range of operating activities is relevant range of operations.
Explanation:
Relevant range of operations can be described simply as a firm or company's expected range of activities without any extreme economic conditions. It is the range where the firm operates in normal conditions. Within this range the firm's operations run smoothly. Outside this range revenue and expenditure may fluctuate from what was expected.
Answer:
a. Yum Co. uses cash to repurchase 10% of its common stock. (Financing activity)
b. DigiInk Printing Co. buys new machinery to ramp up its production capacity. (Investing activity)
c. D and W Co. sells its last season’s inventory to a discount store. (Operating activity)
d. A company records a loss of $70,000 on the sale of its outdated inventory. (Operating activity)
Explanation:
Cash flow statement shows how cash is used and obtained in a business. There are different activities that influence cash flow. Below are the activities:
- Operating activities are those that include normal business operations like buying and selling of inventory, interest payments, and salaries.
- Investing activities involves use of cash for investment like purchase or sale of assets, merger and acquisitions payments, and purchase of equipment.
- Financing activities includes cash used to purchase or sell equity such as shares, payment of dividends, and repayment of principal from debt
