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laiz [17]
2 years ago
6

The Quaint Quilt produces and sells handmade quilts. Variable manufacturing costs total $140 per quilt. Fixed manufacturing over

head totals $68,250 per quarter. Variable selling and administrative costs are $19 per quilt sold, and fixed selling and administrative costs are $50,000 per quarter. Last quarter, the company produced 910 quilts and sold 780 quilts. The total variable cost reported on Quaint Quilt's variable costing income statement is
Business
1 answer:
alexgriva [62]2 years ago
4 0

The total variable cost reported on Quaint Quilt's variable costing income statement is: $124,020

Calculation to determine the total variable costing income statement

Using this formula

Variable costing income statement=(Variable manufacturing costs+Variable selling and administrative costs )×Sales

Let plug in the formula

Variable costing income statement($140 + $19) x 780 quilts sold

Variable costing income statement=$159×780 quilts sold

Variable costing income statement=$124,020

Inconclusion The total variable cost reported on Quaint Quilt's variable costing income statement is: $124,020.

Learn more here:

brainly.com/question/13214374

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Karley's setting aside $32,000 each quarter, starting today, for the next three years for an expansion project. How much money w
Mashutka [201]

Answer:

Final Value= $414,135.43

Explanation:

Giving the following information:

Quarterly deposit= $32,000

Number of quarters= 3*4= 12

Interest rate= 0.0545/4= 0.01363

To calculate the final value, we need to use the following formula:

FV= {A*[(1+i)^n-1]}/i

A= quarterly deposit

FV= {32,000*[(1.01363^12)-1]} / 0.01363

FV= $414,135.43

8 0
3 years ago
Suppose you're pitching in a softball game and facing a good hitter. you remember that you struck her out with a fastball the la
WARRIOR [948]
<span>When you make this decision, you are primarily using your critical thinking. You are using information you were given in the past and applying it to future events.</span>
8 0
2 years ago
Using the letters above and the format below, indicate the balance sheet category in which an entity typically would place each
Alekssandra [29.7K]

Answer:

The balance sheet category in which an entity typically would place each of the following items:

1. _Non-Current Assets_ Long-term receivables

2. _(Non-Current Assets)__ Accumulated amortization

3. __Current Liabilities__ Current maturities of long-term debt

4. Page 192_Current Liabilities_ Notes payable (short term)

Explanation:

A company's balance sheet has three main categories: assets, liabilities, and owners' equity. The assets are usually classified as Current Assets or Non-Current (long-term) Assets.  On the other side of a balance sheet, there are the Liabilities and Owners' Equity.  The Liabilities are classified into Current Liabilities and Non-Current Liabilities.  Usually, the Owners' Equity is made up of Owners' Capital and Retained Earnings.

8 0
2 years ago
Ivanhoe Company reports the following operating results for the month of August: sales $392,000 (units 4,900), variable costs $2
Norma-Jean [14]

Answer:

The best course of action is to increase the selling price by 10%.

Explanation:

Giving the following information:

sales $392,000 (units 4,900)

variable costs (247,000)

fixed costs (96,000)

Current net income= 49,000

<u>First, we need to calculate the unitary selling price and variable cost:</u>

Selling price= 392,000 / 4,900= $80

Unitary variable cost= 247,000 / 4,900= $50.41

<u>Now, we will calculate the impact on net income of each variation:</u>

Increasing selling price by 10%:

Selling price= 80*1.1= $88

Effect on income= 8*4,900= $39,200 increase

<u>Reduce variable costs to 57% of sales.</u>

Unitary variable cost= 80*0.57= $45.6

Effect on income= (50.41 - 45.6)*4,900= $23,569 increase

<u>Reduce fixed costs by $22,000.</u>

Effect on income= $22,000 increase

6 0
3 years ago
Is this correct? Thank you!
Nastasia [14]

Answer:

yes it is correct

Equilibrium can only occur at one price .

7 0
2 years ago
Read 2 more answers
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