Answer:
This question has two requirements answer of each requiremnt is given below.
Dispose of the overhead variance by adjusting Cost of Goods Sold. Adjusted COGS $____
Applied Overhead = 532,000 * 80% =$ 425,600
This show that overhead are over apllied, so
Adjusted COGS = $1,890,000 - (425,600 -423,600)
= $ 1,888,000
Calculate the overhead variance for the year. $____
Overhead variance = Applied Overhead - Actual Overhead
= 425,600 -423,600
= $ 2000 (Favorable variance)
The contribution margin is the difference between sales volume and variable costs.
Or to put it another way: the contribution margin is the profits of a company, without considering the fixed costs.
We have then:
MC = $ 120 -60 $ = $ 60
Answer:
the contribution margin per unit is $ 60
Answer:
Marketing is much more than just sales and advertising.
Explanation:
Marketing is when an individual or a firm develop the interest of a client or an intending customer to the product one sells or services one render. It makes use of research, distribution, sales promotion etc .
Before an individual or a business venture goes into marketing, it must make thorough research on who his potential buyers are, how can he convince them to buy the products.
The distribution channel must also be considered, like getting the goods
directly to the buyers or involving middle men. There is also sales promotion when considering marketing. Sales promotion includes all activities aimed at promoting immediate sales like raffle draws, offering gifs after purchase etc.
The basic aim of marketing is to sell, acquire customers and retain them while employing marketing concepts and mix(using place, price, promotion and product).
Answer:
The correct answer is option c.
Explanation:
Forlornistan is experiencing an economic downturn, the GDP has steadily declined, the employment rate is very low and the CPI is falling.
All these characteristics show that the economy is going through economic depression.
Depression refers to the situation in which an economy suffers a downturn in economic activities. It involves decrease in output level, price and employment rate.
