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
sveta [45]
3 years ago
8

Keith Inc. has 4 product lines: sour cream, ice cream, yogurt, and butter. Demand of individual products is not affected by chan

ges in other product lines. 30% of the fixed costs are direct, and the other 70% are allocated. Results of June follow:
Sour Cream Ice Cream Yogurt Butter Total
Units sold 2,000 500 400 200 3,100
Revenue $ 10,000 $ 20,000 $ 10,000 $ 20,000 $ 60,000
Variable departmental costs 6,000 13,000 4,200 4,800 28,000
Fixed costs 5,000 2,000 3,000 7,000 17,000
Net income (loss) $ (1,000) $ 5,000 $ 2,800 $ 8,200 $ 15,000
Required:
a. Prepare an incremental analysis of the effect of dropping the sour cream product line. (Enter negative amounts using either a negative sign preceding the number e.g. -45 or parentheses e.g. (45).

Business
2 answers:
Nikitich [7]3 years ago
5 0

Answer:

<u>K</u>eith Inc would lose    $2,500 if it drops  sour cream

Explanation:

The impact of the dropping the sour cream will examined by considering the following relevant cash flows:

<em>                                 </em><em>              Incremental analysis</em>

<em>Lost contribution from the sales                                              $</em>

(10,000 - 6000)                                                                     4,000

<em>Savings in the direct fixed cost</em>

(30% × 5000)                                                                       <u>   (1,500)</u>

Net loss in contribution                                                     <u>     2,500</u>

<u>K</u>eith Inc would lose    $2,500 if it drops  sour cream

aleksley [76]3 years ago
3 0

There will be decrease in profit if dropping of sour cream. So that means Keith Inc would lose $4,000.00

You might be interested in
Pina Colada Corp. issued 22000 shares of $1 par common stock for $40 per share during 2022. The company paid dividends of $53000
snow_tiger [21]

Answer:

Net cash flows from financing activities $1,311,000.

Explanation:

The computation of the amount that would be reported on the financing activities of the cash flow statement is as follows:

Issue of common stock(22,000 shares × $40) $880,000

Less: payment of dividend ($53,000)

Add: Issue of the long term note payable $484,000

Net cash flows from financing activities $1,311,000.

7 0
3 years ago
Speciation has occurred in a species population once ________.
klemol [59]

Answer:

a) One species migrates to a different geographical location than another species.

Explanation:

Taxonomy can be defined as the process of naming, classification and description of living organisms such as plants and animals. The eight (8) biological classification (taxonomy) used for grouping and organizing organisms are; kingdom, domain, phylum, family, order, class, species and genus.

Hence, taxonomy helps scientist to have a good understanding and knowledge when studying various organisms.

In taxonomy, species refers to the basic unit of naming that includes members such as mammals and reptiles with the ability to reproduce with each other to birth new offsprings and exchange genetic informations. Some examples of species include Homosapiens, Vulpes, Elephas maximus, Pinus banksiana, Alces laces, Ursus americans, Canis lupus, etc.

Speciation is considered to have occurred in a species population once one species migrates to a different geographical location than another species.

6 0
2 years ago
1. In the problem solving process, which step comes before Take Action?
Ainat [17]
A. Define the Problem first before take action.
4 0
2 years ago
1. What are the different account titles used in balance sheet account under current assets?​
Kipish [7]

Answer:

1. Cash

2. Accounts Receivable

3. Inventory

4. Prepaid Expenses

5. Short-term investments

8 0
2 years ago
Read 2 more answers
During the purchase phase for a new car, Larry creates a _____ that includes Chrysler 300 and Toyota Avalon, but does not includ
Novay_Z [31]

Answer:

Consideration chart.

Hope this helps!

8 0
3 years ago
Other questions:
  • ___ requires creditors to provide borrowers with a complete written account of credit terms and costs.
    7·1 answer
  • Yogesh and Naresh are partners sharing ratio 3:2. They admit ramesh for 1/3rd share on 1st april ,2020 and also decide to share
    6·1 answer
  • 1. Formulate a unique business idea and state the mission and vision statements
    9·1 answer
  • Serrano, a clothing and apparel company, suffered major losses when one of its warehouses was destroyed in a fire mishap. In an
    14·1 answer
  • Chillmax Company plans to sell 3,500 pairs of shoes at $60 each in the coming year. Variable cost is 35% of the sales price; con
    12·1 answer
  • Assembly department of Zahra Technologies had 100 units as work in process at the beginning of the month. These units were​ 45%
    8·1 answer
  • On January 1, Year 1, the Accounts Receivable balance was $21,000 and the balance in the Allowance for Doubtful Accounts was $1,
    14·1 answer
  • The Morgan Company, a small furniture manufacturer, divides its organization into marketing, human resources, accounting, and pr
    13·1 answer
  • 15. Although she hates the work, Jessica has spent most weekends and the last three summers as a short-order cook; she has an as
    13·1 answer
  • What counties repensent the global opportunities for the next decade
    11·2 answers
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!