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Tresset [83]
3 years ago
10

Corporation has two divisions, East and West. The following information was taken from last year's income statement segmented by

division:
East Division West Division Sales
$3,700,000 $2,300,000
Contribution margin $1,650,000 $1,000,000
Divisional segment margin $1,100,000 $350,000
Net operating income last year for SegR-7268 Corporation was $600,000. In last year's income statement segmented by division, what were SegR-7268's total common fixed expenses?
a) $2,050,000
b) $850,000
c) $2,300,000
d) $1,200,000
Business
1 answer:
Lapatulllka [165]3 years ago
3 0

Answer:

b. $850,000

Explanation:

Divisional Segment Margin = $1,100,000 + $350,000

Divisional Segment Margin = $1,450,000

Net Operating Income = $600,000

Common fixed expenses = Divisional Segment Margin - Net Operating Income

Common fixed expenses = $1,450,000 - $600,000

Common fixed expenses = $850,000

So, SegR-7268's total common fixed expenses will be $850,000.

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Large-scale integrated (LSI) circuit chips are made in one department of an electronics firm. These chips are incorporated into
Masteriza [31]

Answer:

A) sample size = 23.475 ≈ 23

B) How to tell someone to do the test is by taking a sampling process of a lot of the products because this will help to figure out defective units in the line of production and also ensure that the quality of the products are up to the same quality required

Explanation:

Data given

AQL = 20%, = 0.2

LTPD = 52% = 0.52

Assuming consumer risk acceptable by company = 10%

producer risk = 5%

A) First we calculate the ratio

= LTPD / AQL = 0.52 / 0.2  = 2.6

from the table of LTPD/AQL   2.6 is closest to 2.768

to calculate the sample size we apply the formula from the exhibit table

n ( AQL ) = 4.695

Therefore n ( sample size ) = 4.695 / 0.2 = 23.475

B) How to tell someone to do the test is by taking a sampling process of a lot of the products because this will help to figure out defective units in the line of production and also ensure that the quality of the products are up to the same quality required

5 0
3 years ago
During 2017, Fanning Manufacturing Company incurred $64,400,000 of research and development (R&D) costs to create a long-lif
Tpy6a [65]

Answer:

Since the question involves multiple steps, please refer to the explanation section for a point-wise answer

Explanation:

(a) Imagine a "stream" to mean the flow of the product from the inception of the idea to the sale of the final output. Therefore, upstream and downstream costs are those are those that club various segments of cost during the manufacturing & selling process on the basis of when the cost is incurred in this cycle. Up-stream costs include the costs incurred before the beginning of the manufacturing process. Therefore, product design, structuring of packaging, R&D are all considered upstream costs. Downstream costs are incurred during the production process and the subsequent sale and customer service expenses. In the context of the question, Upstream costs for Fanning Manufacturing would be R&D expenses. Downstream cost include Manufacturing costs, packaging, shipping, and sales commission.

(b) Cost of Goods Sold (COGS) would be the amount of units sold (i.e $407,000) multiplied by the manufacturing costs ($66). Therefore, COGS would be $26,862,000.

A total of 446,000 units were produced which means the inventory costs (units x manufacturing costs) would be $29,436,000. Out of this $26,862,000 were expensed out as COGS. Therefore, ending inventory balance would be the differential amount of $2,574,000.

(c) Fanning wants to earn a profit margin of 30% of the total cost of developing, making and distributing the batteries. Therefore the company wants a profit equivalent to 30% of all the costs incurred from R&D to sales commission. Total cost is COGS+Selling, Packaging, shipping, sales commission + R&D which is $94,518,000. 30% of this is $28,355,400. So, sales revenue should be this amount PLUS all the costs incurred which would be $122,873,400 (<em>this is assuming no other expenses like interest and taxes and other income).</em>

Sales per unit (or sales price) would therefore be $122,873,400/407,000 units sold = 301.9 ≅ $302 per unit

(d)

Sales                                                                 122,914,000.00  

Cost of Goods Sold                                         (26,862,000.00)

Gross Profit                                                        96,052,000.00  

Selling, General & Administrative Expenses  (3,256,000.00)  

Research & Development                                (64,400,000.00)

Operating Profit/Net Profit                                 28,396,000.00  

Note: <u>Again, this is assuming no other income and expenses. Since interest and tax expenses are assumed to be zero, operating income is equal to net income</u>

3 0
3 years ago
how should trash and recyclables be stored food in an area only accessible to employees in a well ventilated space in a manner t
strojnjashka [21]

Trash and recyclables should be stored in the following ways:

  • double bagged and stacked.
  • in a well ventilated space.

<h3>What is pollution?</h3>

Pollution can be defined as the physical degradation, destruction or contamination of the environment, especially through littering of waste products (garbage) or an emission of hazardous, poisonous, and toxic chemical compounds by various factories and industries.

<h3>What is recycling?</h3>

Recycling can be defined as a waste (trash) management technique that involves the process of converting a raw material that has reached the end of its life cycle into new and reusable items.

According to the Environmental Protection Agency (EPA), trash and recyclables should be properly stored through methods that are friendly and unharmful to the ecosystem.

In this context, we can reasonably infer and logically deduce that trash and recyclables should be stored in the following ways:

  • double bagged and stacked.
  • in a well ventilated space.

Read more on trash and recyclables here: brainly.com/question/24588352

#SPJ1

Complete Question:

How should trash and recyclables be stored?

inaccessible to pests

double bagged and stacked

in a well ventilated space

in an area only accessible to employees

8 0
2 years ago
Calculating the Times Interest Earned RatioIn the current year, Pringle Company reported Sales of $1,420,000, Interest Expense o
valina [46]

Answer:

Times interest earned ratio = Net operating income/Interest expense

                                             = $551,000/$512,000

                                             = 1.08 times

Explanation:

Times interest earned is the ratio of net operating income to interest income. Net operating income = $551,000 and interest expense = $512,000. The division of net operating income by interest expense gives times interest earned ratio.

4 0
3 years ago
Universal Manufacturing uses a weighted-average process-costing system. All materials are introduced at the start of manufacturi
AnnyKZ [126]

Answer:

Universal Manufacturing

Equivalent unit cost for conversion cost is $18.

Explanation:

a) Data and Calculations:

Beginning work in process = 10,000 units

Ending work in process = 15,000 units

Units started = 30,000 units

Units completed = 25,000 units

Cost of:              Materials       Conversion

Beginning WIP   $60,000        $150,000

Current costs     180,000          480,000

Equivalent units of production:  Materials Degree       Conversion  Degree

Units started and completed      25,000     100%          25,000        100%

Ending WIP                                   15,000      100%          10,000         2/3

Total equivalent unit                   40,000                        35,000

Total cost of production:

Cost of:              Materials       Conversion

Beginning WIP   $60,000        $150,000

Current costs     180,000          480,000

Total cost        $240,000       $630,000

Cost per equivalent unit:

                                      Materials       Conversion   Total cost

Total cost                      $240,000       $630,000   $870,000

Total equivalent unit         40,000           35,000

Cost per equivalent unit   $6                  $18

b) Using the weighted average method, the costs in beginning inventory and current period costs are added and divided by the equivalent units of materials and conversion costs in order to establish an equivalent unit cost.  The equivalent cost per unit in process costing describes the average unit cost for each product.

6 0
3 years ago
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