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natita [175]
3 years ago
14

Kekiwi Corporation manufactures and sells a single product. The company uses units as the measure of activity in its budgets and

performance reports. During January, the company budgeted for 6,900 units, but its actual level of activity was 6,910 units. The company has provided the following data concerning the formulas used in its budgeting and its actual results for January: Data used in budgeting: Fixed Element per Month Variable element per unit Revenue - $ 39.30 Direct labor $ 0 $ 3.10 Direct materials 0 18.90 Manufacturing overhead 45,900 1.70 Selling and administrative expenses 27,000 0.30 Total expenses $ 72,900 $ 24.00 Actual results for January: Revenue $ 281,473 Direct labor $ 20,591 Direct materials $ 134,889 Manufacturing overhead $ 57,087 Selling and administrative expenses $ 28,063 The net operating income in the flexible budget for January would be closest to:_________
Business
1 answer:
masha68 [24]3 years ago
7 0

Answer:

Net operating income = $32,823

Explanation:

     Calculate of Net Operating Income in Flexible Budget

Particulars                                           Amount         Amount

Revenue (6910*$39.30)                                            $271,563

<u>Cost of goods sold</u>

Direct material (6910*$18.90)             $130,599  

Direct labor (6910*$3.10)                  $21421  

Manufacturing overhead                    <u>$57647</u>

(6910*$1.7+45900)

Total Cost of goods sold                                          <u>$209,667</u>

Gross profit                                                                $61,896

Selling and administrative expense                         <u>$29,073</u>

(6910*0.3+27000)

Net operating income                                              <u>$32,823</u>

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Production Budget
9966 [12]

Answer and Explanation:

The preparation of production budget is shown below:-

                      Weightless Inc

                    Production Budget

         For the month ending October 31

                             Units Bath Scale            Units Gym Scale

Expected Units to

be sold                       150,000                         90,000

Desired Inventory,

October 31                  12,500                           8,000

Total                          162,500                           98,000

Less: Estimated Inventory,

October 1                   -18,000                           -10,000

Total Units to be

produced                  144,500                           88,000

5 0
3 years ago
Larry Bar opened a frame shop and completed these transactions:1. Larry started the shop by investing $40,800 cash and equipment
natita [175]

Answer:

$44,100

Explanation:

Larry Bar

Investment in Cash - Receptionist's salary+Sales of custom frame = Cash account balance

Investment in Cash $40,800

Paid $2,000 Receptionist's salary $2,000

Sales of custom frame $5,300

Hence:

$40,800-$2,000+$5,300

=$44,100

Cash account balance will be $44,100

6 0
3 years ago
Nowadays, many of the huge factories and industries ___________to function if there was no adequate electric power. A. Were unab
nalin [4]

Option B. Nowadays, many of the huge factories and industries <u>Would be unable</u> to function if there was no adequate electric power.

<h3>What is electric power?</h3>

The rate of electrical energy transmission over an electric circuit per unit of time is measured as electric power in physics. P stands for power, which is denoted and measured using the SI unit of power, the watt, or one joule per second. Electric batteries and electric generators are frequently used to produce and supply electricity.

The speed at which energy is converted into an electrical circuit or used to produce work is known as electric power. It is a way to quantify how much energy is consumed over a certain period of time.

Read more on  electricity here: brainly.com/question/24786034

#SPJ1

4 0
1 year ago
You are given an investment to analyze. the cash flows from this investment are end of year 1. $19,340 2. $2,280 3. $26,600 4. $
AleksandrR [38]
PW = FW×(1+i)^-n

PW = $19340×1.15^-1 + $2280×1.15^-2 + $26600×1.15^-3 + $24240×1.15^-4 + $8770×1.15^-5 = $54250.90

hence PW = $54250.90
6 0
3 years ago
A group of sellers who agree to restrict their collective output in order to drive up prices above marginal costs is a:
Salsk061 [2.6K]

A group of sellers who agree to restrict their collective output in order to drive up prices above marginal costs is known as a:

  • <u>Cartel</u>

According to the given question, we are asked to show the term which can be best used to <em>describe </em>a group of sellers who make an agreement to <em>reduce their collective output</em> so that price of goods would increase above their marginal costs.

As a result of this, we can see that this group of people in the business world are known as cartel because they behave unethically so that they could have increased profit on sales.

Read more here:

brainly.com/question/15294015

3 0
2 years ago
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