Answer:
Contribution margin per hour= $360
Explanation:
Giving the following information:
Bread Machines:
Sales price= $140
Variable costs= $50
Contribution margin per unit= $90
Kitchen Convenience can manufacture four bread machines per machine hour.
<u>To calculate the total contribution margin per hour, we need to multiply the number of bread machines produced in an hour for the unitary contribution margin.</u>
Contribution margin per hour= $90*4 units= $360
Answer:
(1) $31,538.4; $5,328.9; $36,867.3
(2) $326,206; $120,903; $447,109
Explanation:
(1) Cost of ending work in process inventory:
For materials:
= Equivalent units of production in ending work in process × Cost per equivalent unit
= 2,040 × $ 15.46
= $31,538.4
For conversion:
= Equivalent units of production in ending work in process × Cost per equivalent unit
= 930 × $5.73
= $5,328.9
Total = $31,538.4 + $5,328.9
= $36,867.3
(2) Cost of the units completed and transferred out:
For materials:
= Total units completed and transferred × Cost per equivalent unit
= 21,100 × $ 15.46
= $326,206
For conversion:
= Total units completed and transferred × Cost per equivalent unit
= 21,100 × $5.73
= $120,903
Total = $326,206 + $120,903
= $447,109
The most accurate statement about marketing is that <u>B) It can help </u><u>create jobs </u><u>in the </u><u>economy </u><u>by </u><u>increasing demand </u><u>for </u><u>goods </u><u>and </u><u>services</u><u>.</u>
Marketing refers to the various methods a company is able to advertise itself and its products such that more people will becoming interested in it thereby leading to an increase in demand for their goods and services
If this happens to a company, they will be able to make more profit which will allow them to expand. Expansion needs more employees to work so the company will have to hire more people thereby creating jobs in the economy.
Other options are wrong because:
- Marketing is always important, even when goods are standardized
- Marketing has an impact on the intangible assets of a company especially goodwill
- Marketing is more important to smaller firms than larger ones
In conclusion, marketing leads to increased employment in an economy.
<em>Find out more at brainly.com/question/19485755.</em>
<u>Options for this question include:</u>
A) It is of little importance when products are standardized.
B) It can help create jobs in the economy by increasing demand for goods and services.
C) It helps to build a loyal customer base but has no impact on a firm's intangible assets.
D) It is more important for bigger organizations than smaller ones.
Answer: True
Explanation:
Low Margin items refer to those that have a lower profit per unit because their costs may be higher in relation to their selling price.
High margin items are the opposite.
If the company switches from High Margin items to Low margin items, they will face a situation where they are incurring more costs per sale which would drive their profits down even if sales increase.
The optimal mix for a company should have more high margin items than low margin items.
Answer:
wages expense 1,900 debit
wages payables 1,900 credit
utilities expense 600 debit
utilities payables 600 credit
interest expense 200 debit
interest payable 200 credit
telephone expense 117 debit
telephone payable 117 credit
Explanation:
we record the adjusting entries considering their generate an expense which is being accrued therefore, also a payable account is generated.
interest calculations:
principal x rate x time = interest
30,000 x 0.08 x 1/12 = 200
