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Vika [28.1K]
3 years ago
14

The following information is available for the Gabriel Products Company for the month of July: Static Budget Actual Units 5,000

5,100 Sales revenue $60,000 $58,650 Variable manufacturing costs $15,000 $16,320 Fixed manufacturing costs $18,000 $17,000 Variable marketing and administrative expense $10,000 $10,500 Fixed marketing and administrative expense $12,000 $11,000 The total sales-volume variance for operating income for the month of July would be Group of answer choices $700 favorable $2,550 unfavorable $100 favorable $1,350 unfavorable
Business
1 answer:
adoni [48]3 years ago
5 0

Answer: $700 Favorable

Explanation:

Total sales-volume variance = (Actual units - Static budget units) * (Contribution margin per unit of Static budget)

Contribution margin per unit of Static budget = ( Sales - Variable manufacturing costs - Variable marketing and administrative expenses) / Static units  

= (60,000 - 15,000 - 10,000) / 5,000    

= $7 per unit

Sales-volume variance = (5,100 - 5,000) * 7

= $700 Favorable

Actual sales are higher than budgeted sales so this is FAVORABLE.

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Apple's products are well known and valued because the demand, customer loyalty, and company's price premium rank high in the co
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Apple's products are well known and valued because of the demand, and customer loyalty, and the company's price premium rank high in the consumer tech industry. This is an example of Brand Equity.

<h3>What is Brand Equity?</h3>
  • A brand's intrinsic value, or the social value of a well-known brand name, is referred to as brand equity in marketing.
  • Due to public perceptions that well-known companies' products are superior to those of lesser-known brands, the owner of a well-known brand name might profit more on brand recognition alone.
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2 years ago
Sunshine's Organic Market sells organic produce. Assume that labor is the only input that varies for the firm. The store manager
frosja888 [35]

Answer: Option (d) is correct.

Explanation:

Correct option: For the 10th worker, the marginal revenue product is $120 per day.

If she hires 9 workers then the store can sell 200 pounds of produce per day

If she hires 10 workers then the store can sell 230 pounds of produce per day

Extra units produce from hiring 10th worker = 230 - 200 = 30 pounds of produce per day

Store earns = $4 for each pound

Therefore, the marginal revenue product for the 10th worker = selling price of each pound × Extra units produce from hiring 10th worker

= $4 × 30

=$120

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3 years ago
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Answer:

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Explanation:

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Read 2 more answers
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