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Readme [11.4K]
2 years ago
7

Select the correct answer.

Business
1 answer:
kolbaska11 [484]2 years ago
5 0

Answer:

C. going to regional conferences to get continuing education credits.

Explanation:

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Casual Essentials, Inc. manufactures two types of team shirts, the Homerun and the Goalpost, with unit contribution margins of $
emmasim [6.3K]

Answer:

1. What is the contribution margin per hour of machine time for each type of team shirts?

<em>Homerun = </em> $ 50

<em>Goalpost</em> =  $30

2. What is the optimal mix of team shirts?

Homerun =  50,890

Goalpost  = 3,822

3. What is the total contribution margin earned for the optimal mix?

Total contribution margin earned for the optimal mix = $311,780

Explanation:

<em>1. Contribution margin per hour of machine time for each type of team shirts</em>

<em><u>Homerun</u></em>

Contribution margin per hour of machine = $5 / (6/60)

                                                                     =  $ 50

<em><u>Goalpost</u></em>

Contribution margin per hour of machine = $15 / (30/60)

                                                                     =  $30

<em>2. Optimal mix of team shirts</em>

Determine if <em>machine time</em> is a limiting factor

<u>Demanded Hours</u>

Homerun 0.1 × 50,890  = 5,089

Goalpost 0.5 × 50,890  = 25445

Total Hours Demanded = 30,534

<u>Available Hours</u>

Available hours =1,000 hour × 7 machines

                          =7,000 hours

Demanded Hours > Available hours

Therefore  <em>machine time</em> is a limiting factor

Determine Mix

<em>Rank the T-Shirts based on contribution margin per hour of machine time</em>

Position 1. Homerun = 5,089

Position 2. Goalpost  = 1,911 (takes the remaining hours)

Number of T-Shirts (mix)

Homerun = 5,089 / 0.1 =  50,890

Goalpost  = 1,911 / 0.5 =  3,822

<em>3. The total contribution margin earned for the optimal mix</em>

Homerun =  50,890 × $5 =254,450

Goalpost  =  3,822 × $15 = 57,330

Total                                 = 311,780

3 0
3 years ago
Jennifer is marketing manager for a major consumer goods firm. She is interested in determining if market opportunity exists for
Andrei [34K]

Answer:

- How to best segment the ready-made dinner market.

4 0
3 years ago
At Midland Company's break-even point of 9,000 units, fixed costs are $180,000 and variable costs are $540,000 in total. The uni
amid [387]

Answer: $80

Explanation:

Since the fixed costs are $180,000 and variable costs are $540,000, then the total cost will be:

= Fixed cost + Variable cost

= $180000 + 540000

= $720000

Since there are 9000 units, then the unit sales price will be:

= $720000 / 9000

= $80

The unit sales price is $80

7 0
3 years ago
Production used 2.5 labor hours per finished unit, and the company actually paid $21 per hour, totaling $52.50 per unit of finis
jeka94

Answer:

Direct labor rate variance= (Standard Rate - Actual Rate)*Actual hours

Explanation:

Giving the following information:

The production used 2.5 labor hours per finished unit, and the company paid $21 per hour, totaling $52.50 per unit of finished product.

<u>We weren't provided with enough information to solve the problem. We need estimated production hours and rates. But, I can leave the formula to solve it.</u>

To calculate direct labor rate variance, we need to use the following formula:

Direct labor rate variance= (Standard Rate - Actual Rate)*Actual Hours

3 0
3 years ago
Property A is a self storage facility with a going cap rate of 6.0%. Property B is an office building with a going cap rate of 6
hjlf

Answer:

Worth of both the property will be same.

Explanation:

Data provided in the question:

Cap rate for the Property A which is a self storage capacity = 6%

Cap rate for the Property B which is an office building = 6%

NOI of both the buildings are equal

Now,

Mathematically,

Cap rate is given as = [ NOI ] ÷ [ Worth of the property ]

or

Worth of the property =  [ NOI ] ÷ [ Cap rate ]

Since, the NOI and cap rate for both the buildings are same

Therefore,

Worth of both the property will be same.

3 0
3 years ago
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