Answer:
Results are below.
Explanation:
The absorption costing method includes all costs related to production, both fixed and variable. <u>The unit product cost is calculated using direct material, direct labor, and total unitary manufacturing overhead</u>.
<u>First, we need to calculate the unitary cost value:</u>
Unitary cost= (6 + 2 + 1.5) + 40,000/10,000
Unitary cost= $13.5
<u>Now, the income statement:</u>
<u></u>
Sales= 9,100*50= 455,000
COGS= (13.5*9,100)= (122,850)
Gross profit= 332,150
Total administrative costs= (3*9,100) + 50,000= (77,300)
Net operating income= 254,850
If each sandwich has a variable cost associated with production that costs an average of $3. Your contribution margin is $4.
Using this formula
Contribution margin=Selling price per unit-Variable cost per unit
Where:
Selling price per unit=$7
Variable cost per unit=$3
Let plug in the formula
Contribution margin=$7-$3
Contribution margin=$4
Inconclusion your contribution margin is $4.
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Answer:
$44,100
Explanation:
Given that,
Number of bags sold during the month of June = 4,500
Selling price of each bag = $10
Expects percentage of sales returned = 2% of sales
Total revenue = Sales - Sales returned
= (4,500 × $10) - (2% × 4,500 × $10)
= $45,000 - $900
= $44,100
Therefore, the revenue should CatManDoo recognize in June is $44,100.
Answer:
The correct answer is $0
Explanation:
Solution
An Impairment loss recognized when a book value of reporting company is more than its fair value, In the given example, the book value is not more than its fair value or higher than the value, hence the amount of the impairment loss that Antle Inc would record for goodwill at the end of 2021 is: Impairment loss is $0
Answer:
Forward integration
Explanation:
Forward integration is a type of business strategy in which the business activities should be carried forward for incorporating the complete production of the product i.e. from the raw material to the end manufacturing of the product along with the supply chain and its logistics. In this, the supplier of the raw material should extend the business to the end manufacturing of the product
So as per the given situation, it is a forward integration