Which form shows a business's financial performance over a reporting period?

A company's flexible budget for 24,000 units of production showed total contribution margin of $93,600 and fixed costs, $31,200.

Levart [38]

Answer:

a. $81,900.

Explanation:

The contribution margin per unit is obtained by dividing the total contribution margin by the 24,000 units produced.

$CM = \frac{\$93,600}{24,000} = \$3.9\ per\ unit$

The expected operating income is given by the contribution margin minus the fixed costs. For 29,000 units sold, the operating income is:

$I = \$3.9*29,000 - \$31,200\\I=\$81,900$

The answer is a. $81,900.

4 0

3 years ago

TB MC Qu. 3-209 Chavez Corporation reported the ... Chavez Corporation reported the following data for the month of July: Invent

ss7ja [257]

Answer:

The cost of goods manufactured for July is $ 232,000

Explanation:

Raw Materials Inventories Utilized In Production

Beginning Raw materials $ 41,000

Add Purchases $ 73,000

Less Ending Raw materials ($ 37,000)

Used in Production $ 77,000

Cost of goods manufactured

Raw Materials $ 77,000

Direct labor cost $ 98,000

Manufacturing overhead $ 65,000

Total Cost of Manufacturing $ 240,000

Add Opening Work in process $ 23,000

Less Ending Work in process ($ 31,000)

Cost of goods manufactured $ 232,000

Not that Manufacturing overhead are included to the amount Applied in the Manufacturing Cost

5 0

3 years ago

What is productive efficiency?

Helga [31]

Answer:

The correct answer is (A)

Explanation:

Product efficiency is a key aspect which every firm or organisation must achieve to improve revenue and profits. Product efficiency is a way to allocate resource to produce goods and service at the lowest average cot possible. Firms usually apply economist of scale to achieve product efficient. Product efficiency can only be achieved by using scarce resources efficiently and effectively.

5 0

3 years ago

How many dollars does Johnson & Johnson make every 20 seconds?

Alex Ar [27]

Answer:

Johnson & Johnson make $51,433.28 every 20 seconds

Explanation:

The complete question is

I'm playing a riddle game thing and one of the questions is

"How many dollars does Johnson & Johnson make every 20 seconds?"

I found that they make 81.1 billion dollars yearly, but I have no clue how to get it to 20 seconds.

Remember that

1 year=365 days

1 day=24 hours

1 hour=60 minutes

1 minute=60 seconds

so

Convert year to seconds

$(365)(24)(60)(60)=31,536,000\ sec$

1 billion=1,000 millions

1 billion=1*10^9

81.1 billion dollars=81.1*10^9 dollars

we have

$81.1*10^{9} \frac{\$}{year}$

Convert to $/sec

$81.1*10^{9}\frac{\$}{year}=81.1*10^{9}/31,536,000=2,571.66\frac{\$}{sec}$

Multiply by 20 sec

$2,571.66(20)=\$51,433.28$

therefore

Johnson & Johnson make $51,433.28 every 20 seconds

3 0

3 years ago

Northeastern cities are important trade centers. Which of the following statements does not correctly describe the economic role

Advocard [28]

Northeastern cities are important trade centers.
The following statement does not correctly describe the economic role of a northeastern city.
D. Providence is a city not a county where there are farms.

5 0

3 years ago