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Deffense [45]
3 years ago
12

Brodrick Company expects to produce 20,000 units for the year ending December 31. A flexible budget for 20,000 units of producti

on reflects sales of $400,000; variable costs of $80,000; and fixed costs of $150,000. Assume that actual sales for the year are $480,000 (26,000 units), actual variable costs for the year are $112,000, and actual fixed costs for the year are $145,000. Prepare a flexible budget performance report for the year. (Indicate the effect of each variance by selecting for favorable, unfavorable, and no variance.)
Business
1 answer:
const2013 [10]3 years ago
4 0

Answer: Check attachment

Explanation:

The flexible budget performance report for the year has been solved and attached.

Note that the selling price per unit was calculated as:

= 400,000 /20,000

= $20 per unit

Therefore, total sales was gotten as:

= 26000 × $20

= $520,000

Variable cost per unit was calculated as:

= 80,000/20,000

= $4 per unit

Then, total cost was:

= $4 × 26,000

= $104,000

Check attachment for further details.

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When producers of beer brands, such as Coors Light, Bud Light, and Miller Lite depict their brands being consumed in festive par
agasfer [191]

Answer:

<u>Affective</u>

Explanation:

Affective level of branding relates to tapping a customer's emotional or affectionate side, and thereby developing his relation with the brand. This aspect takes into account a customer's own perception i.e what he/she feels about the brand.

It conveys that customers get attached with their perceptible brand attributes and how those attributes affect their buying behavior. Such attributes can act as driving forces for a customer in forging brand loyalties.  

In the given case, the beer brands showcase how people are happily enjoying (emotions) while consuming their brands at a party. Here the emotion of enjoyment is being tapped by the producers.

This may arouse an effect in a consumer and he may relate the brands to that emotion of enjoyment, which may drive his buying behavior towards a brand, depending upon how it affected his perception of the attributes, such a brand provides.

4 0
3 years ago
If interest rate change, do we shift the investment demand curve or move along the curve. Explain why
serg [7]

Answer:

When interest rate changes, it will cause a movement along the investment demand curve.

Explanation:

This is because the relation between interest rate and investment is similar to that between product and price (interest rate is price to purchase investment). The quantity of investment demanded is negatively related to the value of interest rate in the market. When the interest rate increases (price increases), the demanded quantity of investment decreases as they have to pay more for investment.

8 0
3 years ago
orter Plumbing's stock had a required return of 11.00% last year, when the risk-free rate was 5.50% and the market risk premium
Natali5045456 [20]

Answer:

The new required rate of return is 13.32%

Explanation:

The required rate of return is the minimum return that investors require for investing in a stock based on its risk. The required rate of return can be calculated using the CAPM model.

The formula for required rate of return (r) is:

r = rRF +Beta * rpM

Where,

  • rRF is the risk free rate
  • Beta is the stock's beta or measure of risk
  • rpM is the market risk premium

The beta of the stock is:

11 = 5.5 + beta * 4.75

11 - 5.5 = beta * 4.75

5.5 / 4.75 = beta

beta = 1.15789

The new required rate of return will be:

r = 5.5 + 1.15789 * (4.75 + 2)

r = 13.315% rounded off to 13.32%

3 0
4 years ago
Using a budget is a good way to what?
belka [17]

Answer: A. stay outta debt

8 0
3 years ago
Read 2 more answers
FIRST TO ANSWER GETS BRAINLIST
PilotLPTM [1.2K]

Answer:

The Securities and Exchange Commission is a federal agency that regulates securities markets in the United States. The SEC is responsible for enforcing securities laws, regulating the securities markets and related entities and working to ensure investors are treated fairly.

The Answer is D.

7 0
2 years ago
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