The purpose of cascading the balanced scorecard throughout the organization is: ____________

Number of units produced 3,100 Number of units sold 2,400 Unit sales price $ 350 Direct materials per unit $ 60 Direct labor per

Dima020 [189]

Answer:

See explanation section.

Explanation:

Requirement 1

Crystal Cold’s

Absorption Costing Income Statement

For the year ending, December 20YY

Sales revenue ($2,400 units × $ 350) = $840,000

Less: Cost of goods sold

Direct materials ($2,400 units × 60) = $144,000

Direct labor ($2,400 units × 50) = $120,000

Variable manufacturing overhead ($2,400 units × 11) = $26,400

Fixed manufacturing overhead = $232,500

Total cost of goods sold = $522,900

Gross profit = $317,100

Less: Selling, General & Administrative expenses

Variable SG&A = $33,600

Fixed SG&A = $64,000

Total SG&A = $97,600

Net Income = $219,500

Requirement 2

Crystal Cold’s

Variable Costing Income Statement

For the year ending, December 20YY

Sales revenue ($2,400 units × $ 350) = $840,000

Less: Variable product cost

Direct materials ($2,400 units × 60) = $144,000

Direct labor ($2,400 units × 50) = $120,000

Variable manufacturing overhead ($2,400 units × 11) = $26,400

Variable selling expense $33,600

Total variable expenses = $324,000

Contribution margin = $516,000

Less: Fixed expenses

Fixed manufacturing overhead = $232,500

Fixed selling expense = $64,000

Total fixed expense = $296,500

Net Income = $219,500

3 0

3 years ago

An investor sells short 200 shares of ABC stock at $5.25 a share. He sells two put contracts (100 shares each) with a striking p

lakkis [162]

Answer:

The solution of the given query is provided below in the explanation segment.

Explanation:

(a)

The diagram according to the given query is attached below.

(b)

Given:

Investor sells,

= 200 shares

at,

= $5.25

Strike price,

= $5

Premium,

= $0.50

If the price is less than $5 is $.75 per share,

The investor's gain will be:

= $200\times 0.75$

= $150$ ($)

(c)

The investor would earn under $5.25 upon expiry, as longer as the spot price becomes less.

3 0

2 years ago

The fares received by taxi drivers working for the City Taxi line are normally distributed with a mean of $12.50 and a standard

Lyrx [107]

Answer:

0.2308 or 23.08%

Explanation:

Mean (μ) = $12.50

Standard deviation (σ) = $3.25

Assuming a normal distribution, for any given fare X, the z-score is calculated as:

$z = \frac{X-\mu }{\sigma}$

For X = $15.00, the z-score is:

$z = \frac{15.00-12.50 }{3.25}\\ z=0.7692$

A z-score of 0.7692 corresponds to the 77.91-th percentile of a normal distribution. Therefore, the probability that a fare exceeds $15.00 is:

$P(X>\$15.00) = 1-0.7692 = 0.2308$

The probability that a specific fare will exceed $15.00 is 0.2308.

3 0

3 years ago

What happens to the money supply during inflation? *

Vikki [24]

The link between Money Supply and Inflation. ... Increasing the money supply faster than the growth in real output will cause inflation. The reason is that there is more money chasing the same number of goods. Therefore, the increase in monetary demand causes firms to put up prices.

6 0

2 years ago

Under the allowance method, bad debts expense is recorded with an adjustment at the end of each accounting period that debits th

Crank

Answer:

Dr. Allowance for Doubtful Accounts...1,200

Cr. Accounts Receivable....................................1,200

Explanation:

When a specific customer's account is identified as uncollectible, the journal entry to write off the account is:

A credit to Accounts Receivable (to remove the amount that will not be collected)

A debit to Allowance for Doubtful Accounts (to reduce the Allowance balance that was previously established)

Therefore the JOURNAL ENTRIES for the $1,200 uncollectible debt will be

Dr. Allowance for Doubtful Accounts...1,200

Cr. Accounts Receivable....................................1,200

8 0

3 years ago

The purpose of cascading the balanced scorecard throughout the organization is: _____________