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Yanka [14]
2 years ago
5

Wasilko Corporation produces and sells one product. a.The budgeted selling price per unit is $114.Budgeted unit sales for Februa

ry is 9,900 units.
B.Each unit of finished goods requires 6 pounds of raw materials.The raw materials cost $4.00 per pound.
C.The direct labor wage rate is $24.00 per hour.Each unit of finished goods requires 2.4 direct labor-hours.
D.Manufacturing overhead is entirely variable and is $9.00 per direct labor-hour.
E.The variable selling and administrative expense per unit sold is $1.60.The fixed selling and administrative expense per month is $70,000.
The estimated net operating income (loss)for February is closest to:__________
A) $50,000
B) $91,080
C) $21,080
D) $36,920
Business
1 answer:
USPshnik [31]2 years ago
3 0

Answer:

C) $21,080

Explanation:

The computation of the net operating income is given below:

Particulars                                          Per unit               Total

Sales                                                  $114                   $1,128,600

Less: Variable expenses:

Raw material cost (6 pounds for $4)  $24              $237,600

Direct labor cost (2.4 hours for $24)  $58             $570,240

Manufacturing overheads (2.4 hours for $9)  $22  $213,840

Variable selling and admin expenses  $2              $15,840

Contribution margin              $9                           $91,080

Less: Fixed Selling and admin exp                  $70,000

Net operating income                                     $21,080

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Answer:

The correct answer is letter "B": Cost of goods sold.

Explanation:

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<em>Asset accounts such as accumulated depreciation and inventories or Liability accounts like current liabilities are considered permanent accounts. Cost of goods sold is considered a temporary account.</em>

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3 years ago
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Answer:

$300,000

Explanation:

A contract is formed between different parties when there is an offer and acceptance of terms in performance of a job.

In construction contracts where a construction company enters a contract to build a warehouse for Vincent Corporation. The amount they will lost profits depends on which party is breaching the contract and at which project stage it happens.

In this case the contract was breached by the owner before project began. Damages/lost profits are project price less project cost.

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hope this helps
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Answer:

The correct answer is A)

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There is no good or service that is unlimited.

The concept of the Barter system was simply a method of exchanging value for value.

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Cheers!

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