1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
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>

You might be interested in
In a mixed market economy, what is a typical way the government can reduce unemployment? The government can pay for projects to
Aleonysh [2.5K]

Answer

In a mixed market economy, the typical way the government can reduce unemployment is : The government can pay for projects to create work

Explanation

In a mixed market economy, part of the economy is left to the free market and part of it is managed by the government. In a mixed economy, private enterprise run most businesses and the government later intervene in areas like provision of public services( education, health care and waste control), and in the regulation (legal right to private property). Most modern economies are mixed where the means of production are shared between the private and public sectors.


8 0
3 years ago
Read 2 more answers
Mike Hansen has adjusted gross income of $82,000. During the year, Mike decided he needed a larger home. He purchased a home on
viktelen [127]

Answer: $0

Explanation: The total amount of an individual's Gross income which is taxed is called the taxable income. An individual's Adjustable Gross Income may include expenses such as charitable contribution, mortgage interest, medical and some other eligible expenditure which are are deducted in other to lessen the taxable income of such individual. Such deductions are called the Itemized deductions.

However, personal expenses DO NOT CONTRIBUTE to an individual's Itemized deduction and as such, MIKE HANSEN'S ITEMIZED DEDUCTION IS ZERO.

The $6000 incurred is classed under personal expenditure and is not deductible.

6 0
3 years ago
Changing prices to attract customers is most difficult in a
dsp73
Changing prices to attract customers is most difficult in a "<span>purely competitive market"

Hope this helps!</span>
8 0
3 years ago
ABO purchased a truck at the beginning of 2018 for
valentina_108 [34]

Answer:

B. Debit Loss $5,000.

Explanation:

depreciation per year under straigh-line method:

\frac{cost- salvage}{useful \: life}

\frac{140,000 - 20,000}{6}

depreciation per year: 20,000

book value at 2019 year-end:

140,000 - 20,000 x 2 = 100,000

disposal value:                95,000

loss for                               5,000

loss at diposal:                      5,000  debit

cash                                      95,000 debit

accumulated depreciation  40,000 debit

                truck                                       140,000 credit

3 0
3 years ago
Joey bought a dozen oranges for $3. 50 and several bananas for $0. 25 each at the grocery store. Joey spent a total of $5. 75 on
Verizon [17]

The number of bananas that Joey purchased would be represented on a number line with digits 0 to 10 by marking point 9 with a dot (circle) as shown in the image attached.

  • Let the number of bananas be B.

<u>Given the following data:</u>

  • A dozen oranges = $3. 50
  • Bananas = $0. 25
  • Total cost = $5.75

<u>Note:</u> A dozen oranges is equal to 12 oranges.

To determine the number line that best represents the number of bananas Joey purchased:

First of all, we would calculate the number of bananas that Joey purchased:

3.50 +0.25B =5.75\\\\0.25B =5.75-3.50\\\\0.25B =2.25\\\\B=\frac{2.25}{0.25}

B = 9 bananas.

<u>For the </u><u>number line</u><u>:</u>

The number of bananas that Joey purchased would be represented on a number line with digits 0 to 10 by marking point 9 with a dot (circle) as shown in the image attached.

Read more: brainly.com/question/13553589

6 0
2 years ago
Other questions:
  • Mega Mart is a part of a business unit that has grown very slowly over the years. According to your local business newspaper, th
    10·1 answer
  • What are royalties ?​
    7·1 answer
  • Hen a note receivable is honored, cash is debited for the note's ________ value
    8·1 answer
  • Suppose a technological improvement has lowered the cost of manufacturing cell phone batteries. This would lead to in the supply
    8·1 answer
  • Ted has paid off half of his mortgage. Which payment is he no longer required to make?
    15·2 answers
  • A firm will find it profitable to hire workers up to the point at which their rev: 06_21_2018 Multiple Choice marginal resource
    11·1 answer
  • Explain how to structure discounts so that they encourage customers to spend money and keep the business profitable. Be sure to
    7·1 answer
  • Suppose that shortly after graduating from college you decide to start your own business. Assuming you are starting a small busi
    10·1 answer
  • All of the following are reasons why some countries are more efficient than others at using capital and labor, except:
    9·1 answer
  • Headland Company loans Sarasota Company $2,190,000 at 6% for 3 years on January 1, 2020. Headland intends to hold this loan to m
    15·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!