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
max2010maxim [7]
3 years ago
9

Direct materials $10 Direct labor $6 Variable manufacturing overhead $4 Fixed manufacturing overhead per year $220,000 Selling a

nd administrative expenses: Variable selling and administrative expense per unit sold $6 Fixed selling and administrative expense per year $61,000 Year 1 Year 2 Units in beginning inventory 0 1,000 Units produced during the year 11,000 10,000 Units sold during the year 10,000 7,000 Units in ending inventory 1,000 4,000 The net operating income (loss) under variable costing in Year 1 is closest to:
Business
1 answer:
pochemuha3 years ago
3 0

Answer:

Results are below.

Explanation:

I will assume a selling price per unit of $60.

<u>First, we need to calculate the total unitary variable cost:</u>

Total unitary variable cost= direct material + direct labor + varaiboe overhead + variable selling and administrative expense

Total unitary variable cost= 10 + 6 + 4 + 6

Total unitary variable cost= $26

<u>Now, we can structure the income statement:</u>

<u></u>

Sales= 10,000*60= 600,000

Total variable cost= 10,000*26= ( 260,000)

Contribution margin= 340,000

Fixed manufacturing overhead per year= (220,000)

Fixed selling and administrative expense per year= (61,000)

Net operating income= 59,000

You might be interested in
Parents can reduce their taxes by:
shusha [124]

Parents can reduce their taxes by using a child care tax credit. The government gives parents tax credit for each child that they have. Unlike tax deduction and exemption, tax credit can be able to reduce more in the parents’ tax bill. Tax deduction just tries to lower the taxable income and not a reduction in other areas. 

8 0
3 years ago
Read 2 more answers
Organizations refers to _____. demographics communication competition possible customers
ivolga24 [154]

Answer:

Organizations refers to demographics

Explanation:

8 0
3 years ago
Property rights, such as copyright law, are enforced by the legal system. explain why protecting property right is essential to
Wittaler [7]
They allow creators, or owners, of patents, trademarks or copyrighted works to benefit from their own work or investment in a creation. These rights are outlined in Article 27 of the Universal Declaration of Human Rights, which provides for the right to benefit from the protection of moral and material interests resulting from authorship of scientific, literary or artistic productions. The importance of intellectual property was first recognized in the Paris Convention for the Protection of Industrial Property (1883) and the Berne Convention for the Protection of Literary and Artistic Works (1886). Both treaties are administered by the World Intellectual Property Organization (WIPO).

so the answer would be C. because a market economy relied on the free exchange of goods and services without rules.
7 0
3 years ago
Read 2 more answers
Assume that chips cost $1 and soda costs $2. If the consumer has $14, the combination of goods that would maximize his utility p
ddd [48]

Answer:

The remaining amount that the consumer would have would be $11

Explanation:

If the person originally had $14 but spent $3 all together on their items they would remain with the amount of $11.

(I hope this helps, I'm not sure if it's exactly what you were looking for but it's something so...)

3 0
3 years ago
The board of directors authorizes a cash or distribution of cash to its investors.a. Trueb. False
Novosadov [1.4K]

This assertion is accurate. A cash dividend or other cash payment to investors is approved by the board of directors.

<h3>Is the board of directors involved in the decision to distribute dividends?</h3>

Before a cash dividend is announced and later delivered to shareholders, a company's board of directors must determine whether to pay one and how much. The Board shall determine the amount of cash to be delivered to the Shareholders, both individually and collectively.

<h3>Dividends have been announced by the board of directors.</h3>

A company's interim dividend is the sum that the board of directors declares between two annual general meetings. Interim dividend is included in the definition of dividend under Section 2(35) of the Companies Act. It is at the board of directors' discretion to declare an interim dividend.

Learn more about interim dividend: brainly.com/question/28523087

#SPJ4

5 0
1 year ago
Other questions:
  • If your income varies, you should
    13·1 answer
  • In response to the demand for two-pair cabling, manufacturers often connect two fibers together like a lamp cord to create the p
    7·1 answer
  • Automated bidding does the heavy lifting for advertisers on Google Ads. What does automated bidding use to set the right bid for
    13·1 answer
  • Suppose a car manufacturer discovers that the marginal cost of the last car produced was $15,000, while the marginal revenue was
    6·1 answer
  • In a practical sense, the best size for a team is:A. between two and twenty-five members.B. five or fewer people.C. determined b
    11·1 answer
  • Check your Understanding
    13·1 answer
  • Freè 30 Points just answer this simple question!!! Im Moving Next Week on the 1st, what is the most efficient way to unpack and
    6·2 answers
  • Lifetime goals are the vision that you have of how you want to live, work, play, and thrive during your entire life, rather than
    5·2 answers
  • Consider what you already know about saving. What are some reasons you should be intentional about saving money? In other words,
    13·1 answer
  • Paul currently has an investment portfolio that contains 2 stocks that have a total value equal to 1000000, what is the portfoli
    8·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!