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Bad White [126]
2 years ago
14

A manufacturing company that produces a single product has provided the following data concerning its most recent month of opera

tions: Selling price $ 165 Units in beginning inventory 0 Units produced 12,700 Units sold 12,000 Units in ending inventory 700 Variable costs per unit: Direct materials $ 53 Direct labor $ 48 Variable manufacturing overhead $ 6 Variable selling and administrative expense $ 4 Fixed costs: Fixed manufacturing overhead $ 406,400 Fixed selling and administrative expense $ 216,000 What is the total period cost for the month under variable costing
Business
1 answer:
Sedaia [141]2 years ago
7 0

Answer: $670,400

Explanation:

Period costs are not included in direct production and in this instance include:

  • Variable selling and administrative expense
  • Fixed manufacturing overhead
  • Fixed selling and administrative expense

Period costs = (12,000 * 4) + 406,400 + 216,000

= $670,400

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Match each economic scenario with the correct economic term.
kkurt [141]

Answer:

The answer is:

1 - Underutilization

2 - Efficiency

3 - Unattainability

Explanation:

Efficiency in economics means a situation in which all resources are optimally distributed to serve each entity in the best way while minimizing waste and inefficiency.

Underutilization in economics is also a a situation in which lesser resources are being utilized than the economy is capable of utilizing.

Unattainability is a situation in which what one to accomplish or achieve is not possible.

1 - Underutilization

2 - Efficiency

3 - Unattainability

6 0
3 years ago
Few restaurant management students opt for ____________________management, believing it lacks the variety, glamour and opportuni
sammy [17]

Answer: Quick service

Explanation:

  According to the given question, the few restaurants student opting quick service management is the process of lack of varieties, opportunities and the glamour.

The Quick service is one of the disadvantage method using in the management as it contain the fast serving of the food and lack of the various types of variety in the food menu.

We are not able to manage all the stuff in order to satisfying the customer requirement and also lacks the opportunities for the self expression. Therefore, Quick service is the correct answer.  

4 0
2 years ago
Bramble Corp. reported net sales of $248,700, cost of goods sold of $146,900, operating expenses of $58,000, net income of $39,9
juin [17]

Answer:

profit margin is 16.0 %

gross profit rate  is 39.6 %

Explanation:

given data

net sales = $248,700

cost of goods sold = $146,900

operating expenses = $58,000

net income = $39,900

beginning total assets = $473,900

ending total assets of $635,400

to find out

profit margin and gross profit rate

solution

we will apply here profit margin formula that is

profit margin = \frac{net income}{sale} * 100      ..............1

put here value

profit margin = \frac{39900}{248700} * 100  

profit margin = 16.04 = 16.0 %

and

gross profit rate formula is

gross profit rate  = \frac{sales - cost of good }{sale} * 100    ..............2

put here value

gross profit rate  = \frac{245700 - 146900}{248700} * 100

gross profit rate   is 39.72 = 39.6 %

5 0
3 years ago
Some recent financial statements for Smolira Golf Corp. follow:
nalin [4]

Answer:

1. The company's profit margin is 13.4% percent.

profit margin = net income / net sales = $45,064 / $336,329 = 13.4%

2. The total asset turnover is 0.82 times.

asset turnover ratio = net sales / average assets = $336,329 / [($387,891 + $432,000)/2] = $336,329 / $409,945.50 = 0.82

3. The equity multiplier is 1.7 times.

equity multiplier = average total assets / average total equity = $409,945.50 / [($205,936 + $275,000)/2] = $409,945.50 / $240,468 = 1.70

4. Using the Du Pont Identity, the company's ROE is 18.68% percent.

ROE = profit margin x asset turnover x equity multiplier (or financial leverage) = 0.134 x 0.82 x 1.7 = 0.1868 = 18.68%

4 0
3 years ago
Zupiter Corp. follows a culture that requires strict adherence to rules and regulations with fixed time schedules for daily acti
kotykmax [81]

Answer:

consistency corporate culture.

Explanation:

Since in the situation it is given that the corporation follows the culture that means they are strict to the rule and regulations along with the time scheduling that are fixed for day to day activities so that the business could be conducted in the methodical manner so here we can say that the culture of the corporate is consistent that means it is same as before and the same should be applied in near future

3 0
3 years ago
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