The first step in making a choice is to define the issue at hand. When making judgments, related costs and benefits should be evaluated. When making judgments, extraneous costs and advantages should be overlooked.
Answer:
1. Manufacturing cost per visor us $16.50
2.budgeted cost of goods for may and June is $9594. & $6724 respectively
Explanation:
See attached files
Answer:
b. useful analytical measures.
Explanation:
All of the financial measures described in the question are all useful analytical measures used in many big companies. The more tools a company can use for their analytics the better and more accurate the results will be. Better and more accurate results then lead to better decisions on what direction to take the company.
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Answer:
K1 has contribution of $15.40 per pound
S5 has contribution of $8.50 per pound
G9 has contribution of $11.70 per pound
Explanation:
The contribution per pound of each can be computed by first of all calculating contribution per unit of each of the products produced by Childress company,then dividing each contribution per product by the number of pounds of direct materials used by each product as shown below.
K1 S5 G9
Selling price $158.38 $114.80 $204.52
variable costs ($86.00) ($91.00) ($139.00)
Contribution per product $72.38 $23.80 $65.52
Material usage in pds 4.7 2.8 5.6
Contribution margin per pd $15.40 $8.50 $11.70
Answer:
The answer is A. Yes, Cindy should hire 12th worker.
Explanation:
Please see the below for detailed calculations and explanations:
By increasing one employees, Cindy's cupcakes shop marginal cost per day will increase by the amount equals to the salary and benefit of the 12th in one day which is: $100;
The benefits brought back to Cindy's shop is the increase in marginal revenue of $150 ( calculated as $2,750 - $2,600).
As marginal revenue is higher than marginal cost in case the 12th employees is hired, Cindy should hire one more employees as it will increase her total profit at the end of the day by $50 ( i.e Marginal revenue - Marginal cost = 150 - 100 =$50).
