My grandma just died and when my dad told me this he said lol what does it mean?

How does competition influence the price of a good to either purchase or produce

Elan Coil [88]

It influence it by lowering the price and if it's by producing then people would want to go to the store that has more of the product that people want.

6 0

3 years ago

Joplin Industries Inc. manufactures and sells high-quality sporting goods equipment under its highly recognizable J-Sports logo.

motikmotik

Answer:

a. Joplin Industries Inc.

Absorption Costing Income Statement

For the Month Ended June 30

Sales $81,000,000

Less: Beginning inventory $4,387,200

Cost of goods manufactured $45,756,000

Cost of goods sold $50,143,200

Gross Profit $30,856,800

Selling and Administrative Expenses $13,122,000

Operating Income $17,734,800

b. Joplin Industries Inc.

Variable Costing Income Statement

For the Month Ended June 30

Sales $81,000,000

Variable cost of goods sold $40,500,000

Manufacturing Margin $40,500,000

Selling and Administrative Expenses $12,150,000

Contribution Margin $28,350,000

Fixed cost

Manufacturing cost $8,856,000

Selling and Admin Expenses $972,000

Total Fixed cost $9,828,000

Operating Income $18,522,000

4 0

3 years ago

Beverly Company has determined a standard variable overhead rate of $3.10 per direct labor hour and expects to incur 0.50 labor

Damm [24]

Answer:

Variable overhead rate variance = $ 875 favorable

Variable overhead efficiency variance = $ 4,185 favorable

Variable overhead cost variance = $5,060 Favorable

Explanation:

Standard hours = 1 hr x 2600 units = 2600 hours

Standard rate = $3.10

Actual hours = 1,250 hours

Actual rate = $2.40

Variable overhead rate variance = ( Standard Rate - Actual Rate ) x Actual Hrs

= ( $ 3.10 - $2.40 ) x 1250 Hrs

= $0.7 x 1250

=$ 875 favorable

Variable overhead efficiency variance = (Standard hours - Actual hours) x Standard Rate

= (2600 - 1250 ) x $ 3.10

= $ 4,185 favorable

Variable overhead spending variance = Variable overhead rate variance + Variable overhead efficiency variance

= $875 + $4,185

= $ 5,060 favorable

Variable overhead cost variance = Standard cost - Actual Cost

= (2600 X 3.10) - (1250 X 2.40) = 8,060 - 3000

= $5,060 Favorable

5 0

3 years ago

Amaya is a member of a new product design team. The team leader proposed a process that would get quick results, but Amaya was c

Vera_Pavlovna [14]

People often have different suggestions and may or may not agree with each other. Due to groupthink, Amaya did not voice her concern as she did not want to appear unsupportive of the team.

Groupthink is known to be a situation that takes place when a group of individuals arrive at a consensus without critical reasoning or looking into the repercussions or alternatives.

It is often based on a common desire not to anger the balance of a group of people.

It can also be regarded as a psychological phenomenon where individual strive to meet a consensus within a group.

Learn more about Groupthink from

brainly.com/question/10206116

5 0

3 years ago

A store asked 250 of its customers to study the relationship between the amount spent on groceries and income. a meaningful disp

ch4aika [34]

A store asked 250 of its customers to study the relationship between the amount spent on groceries and income. a meaningful display of the data from this study would be a scatterplot

Using Cartesian coordinates, a scatterplot is a form of plot or mathematical diagram that shows values for typically two variables for a set of data. An additional variable can be shown if the points are color-, shape-, or size-coded.

When one continuous variable is under the experimenter's control and the other depends on it or when both continuous variables are independent, a scatterplot can be utilized. The data are shown as a series of points, with each point's value dictating its position on the horizontal axis and its value dictating its position on the vertical axis.

To know more about scatterplot

brainly.com/question/25280625

#SPJ4

8 0

1 year ago