function is more important than its value. hope this helps mark me brainliest
Answer:
Explanation:
1. Jasper Company
Income Statement
Sales (280000 x $12) $3360000
<u>Less: Cost of goods sold</u>
Add: Direct Material $180000
Add: Direct Labor $505000
Add: Manufacturing Overhead <u>$110000</u>
Cost of goods sold <u>($795000)</u>
Gross Profit $ 2565000
<u>Less: Expenses</u>
Selling expense $437000
Administrative expense <u>$854000</u>
Total expenses <u>($1291000)</u>
Net income <u> $1274000</u>
Percentage of sales for each line item
Sales = 100%
Cost of goods sold:
x 100= 23.7%
Selling expense :
x 100 = 13%
Administrative expense:
x 100 = 25.4 %
2. According to the income statement in requirement 1, the manager can control cost by outsourcing the product if it is cheaper to get it from a third party in order to cut/control cost of goods sold.
Manager can also try controlling the administrative expenses as they are taking a bigger proportion than any other cost/ expense.
True because I said so and i don’t really care but I hope this helped
Answer:
The correct answer is A. It uses separate predetermined overhead allocation rates for each activity.
Explanation:
he ABC cost model allocates and distributes indirect costs according to the activities carried out in the process of manufacturing the product or service, identifying the origin of the cost with the necessary activity, not only for production but also for distribution and sale; The activity is understood as the set of actions that aims to incorporate added value to the product through the manufacturing process. Complementing the definition of activity, it should be mentioned that the ABC Model is based on the fact that products and services consume activities, and these in turn are the ones that generate costs.
Answer:
The basic earnings per share is $4.15
Explanation:
Earning Per Share : Earning Per share shows a ratio between net income and weighted average outstanding shares.
In mathematically,
Earning Per Share = Net income ÷ weighted average outstanding shares
where,
Net income = $269,915
And, On Jan 1, 2018 the share is 50,000 whereas on April, 2018 the shares is 20,000. But we have to calculated for the December period. From April to December there are 9 months.
So, April 2018 shares = 20,000 × 9 ÷ 12 months = 15,000 shares
Hence, total weighted average outstanding shares is
= 50,000 +15,000
= 65,000 shares
Now, apply the above formula for computation
= $269,915 ÷ 65,000 shares
= $4.15 per share
Thus, the basic earnings per share is $4.15