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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

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As she digs deeper into the data, Ophelia realizes that while discounters do have a high profit level, discounters are quite low
zlopas [31]

Answer: Return on sales is calculated based on sales volume and not profit

Explanation:

This can be explained by understanding the scenario; the price that discounters pay is lower than any other channel. Discounters have high variable cost, they only pay $52 for the Russel with 41percent return on sales. They also larger fixed costs than the other channels and the return on sales is calculated based on sales volume and not profit.

7 0
3 years ago
You recently sold 100 shares of Microsoft stock to your brother at a family reunion. At the reunion your brother gave you a chec
Hoochie [10]

Answer:

Option E                  

Explanation:

A direct transfer refers to the shift of funds from certain form or section of a tax deferred retirement savings plan to another. Direct payments are not deemed to be statutory dividends, and are therefore not taxed as profits or susceptible to premature payment charges. Now normally this form of transition happens digitally.

In simple terms, cash loans exist when a company sells its shares in return for money specifically to the savers. There is no financial institution involved in this procedure. Small firms typically use direct transfers, so very less money is generated during this phase.

6 0
3 years ago
During 2015, Rainbow Umbrella Corp. had sales of $730,000. Cost of goods sold, administrative and selling expenses, and deprecia
Brrunno [24]

Answer:

The company's net income for 2015 is loss $62,000 ( -$62,000)

Explanation:

During 2015, Rainbow Umbrella Corp. had sales of $730,000

Total expense for 2015 = Cost of goods sold + Administrative and selling expenses + Depreciation expenses + Interest expense = $450,000 + $90,000 + $160,000 + $92,000 = $792,000

Sales - Total expense = $730,000 - $792,000 = -$62,000<0

The company recorded loss in 2015 the amount of $62,000 and didnot have to pay tax.

6 0
3 years ago
20 Point
Harlamova29_29 [7]

Answer:

Number 2 or Number 4.

Explanation:

On number 2, the robot freezes when it doesn't recognize the command. Obvious problem. On number 4, the robot confuses similar sounding commands. Also an obvious problem.

4 0
3 years ago
A firm wishes to issue new shares of its stock, which already trades in the market. The current stock price is $24, the most rec
bekas [8.4K]

Answer:

17.83%

Explanation:

The computation of required rate of return is shown below:-

Required rate of return = ((Expected dividend ÷ (Current Stock price × (1 - Flotation cost as a percentage of issue price)) + Growth rate)) × 100

= ((Dividend × (1 + Growth rate)) ÷ Current Price of stock × (1 - Flotation cost as a percentage of issue price)) + Growth rate))) × 100

= ($3 × (1.04) ÷ $24 × (1 - 0.06) + 0.04) × 100

= ($3.12 ÷ $22.56 + 0.04) × 100

= (0.138297872  + 0.04) × 100

= 17.82978723

or

= 17.83%

Therefore we have applied the above formula.

8 0
3 years ago
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