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Ksenya-84 [330]

3 years ago

15

The process by which ANZ bank's internal job descriptions are matched to external jobs with similar responsibilities to identify

the market rate for each position is known as:

1 answer:

tekilochka [14]3 years ago

8 0

Answer:

Um sorry Where's the answer?

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Variable Costing Income Statement for a Service Company The actual and planned data for Underwater University for the Fall term

Mkey [24]

Answer:

Underwater University Variable Costing Income Statement For the Fall Term:

Actual Planned Variance

Number of Enrollment 4,500 4,125 375

Credit hours 60,450 43,200 17,250

Revenue $7,254,000 $5,832,000 $1,422,000

Variable costs:

Registration, records,

& marketing costs $1, 237,500 $1,134,375 $103,125

Instructional costs 3,868,800 2,592,000 1,276,800

Total variable costs $5,106,300 $3,726,375 $1,379,925

Contribution margin $2,147,700 $2,105,625 $42,075

Depreciation on classrooms

& equipment $825,600 $825,600 $0

Operating income $1,322,100 $1,280,025 $42,075

Explanation:

Variable costing income statement is an income statement which shows the contribution that revenue makes in paying for the fixed costs, before arriving at the Operating Income. In variable costing, there is a separation of variable costs from periodic or fixed costs. All direct materials, labor, and variable overheads are charged to the variable costs, while fixed costs are expensed to the period for which they are incurred.

5 0

3 years ago

ABC Corporation uses the weighted-average method in its process costing system. The Molding Department is the second department

Sveta_85 [38]

Answer:

$9.94

Explanation:

Equivalent unit of conversion cost = 56,800 + (7,300*40%)

Equivalent unit of conversion cost = 56,800 + 2,920

Equivalent unit of conversion cost = 59,720 unit

Total cost of conversion = $34,558 + $559,254

Total cost of conversion = $593,812

Cost per equivalent unit of conversion = Total cost of conversion / Equivalent unit of conversion cost

Cost per equivalent unit of conversion = $593,812 / 59,720 units

Cost per equivalent unit of conversion = $9.9432686

Cost per equivalent unit of conversion = $9.94

4 0

3 years ago

The management of Unter Corporation, an architectural design firm, is considering an investment with the following cash flows: Y

nordsb [41]

Answer:

The payback period of the investment is 6.5 years

Explanation:

1. In order to calculate the payback period of the investment we would have to make the following calculation:

payback period of the investment=Year before full recovery+(Unrecovered cost at the start/cash flow during the year )

payback period of the investment=6+ ($23,000−$20,500) /$5,000

payback period of the investment=6.5 Years

The payback period of the investment is 6.5 years

5 0

3 years ago

Blue Skies Inc. is a retail gardening company that is piloting a new strategic initiative aimed at increasing gross profit. Curr

SpyIntel [72]

Answer:

Cost of Procedure 1: <u>$268,800</u>

Cost of Procedure 2: $<u>134,400 </u>

Explanation:

Sales $480,000.

Gross Profit 25% of $480,000.= $ 120,000

Cost of Goods Sold = 480,000-120,000= $ 360,000

Procedure 1 costs twice as much as Procedure 2

Process 1 costs $ 240,000 Process 2 costs $ 120,000

To get a gross profit of 30% the sales would increase by

0.25 480,000

0.3 x

x= 480,000*0.3/0.25= $576,000

Sales $576,000.

Gross Profit 30% of $576,000.= $ 172,800

Cost of Goods Sold = 576,000-172,800= $ 403,200

Procedure 1 costs twice as much as Procedure 2

Process 1 costs $ 268,800 Process 2 costs $ 134,400

Procedure 1

1. Cost makeup of Procedure 1:

45% direct materials, = 45% of $ 268,800 = $ 120,960

40% direct labor, = 40% of $ 268,800 = $ 107,520

<u>15% overhead.= 15% of $ 268,800 = $ 40,320 </u>

<u>Total $268,800 </u>

<u />

Procedure 2

2. Cost makeup of Procedure 2

25% direct materials,=25% of $ 134,400 = $ 33,600

50% direct labor,= 50% of $ 134,400 = $ 67,200

<u>25% overhead.=25% of $ 134,400 = $ 33,600 </u>

<u>Total 134,400</u>

1. Cost makeup of Procedure 1:

Direct materials, $ 120,960

Direct labor, $ 107,520

<u> Overhead. $ 40,320 </u>

<u>Total $268,800 </u>

<u />

Procedure 2

2. Cost makeup of Procedure 2

Direct materials $ 33,600

Direct labor, $ 67,200

<u> Overhead. $ 33,600 </u>

<u>Total 134,400 </u>

6 0

3 years ago

Rivalry among existing competitors is ________ when competition is fierce in a market and ________ when competitors are more com

anygoal [31]

Answer:

Rivalry among existing competitors is high when competition is fierce in a market and low when competitors are more complacent.

Explanation:

The market in this case is a general place or area where the business of trade can be conducted. The trade is usually for commercial purposes. In a market where there are many parties involved particular in the sale of the same goods or services, competition is likely to develop. Competition in the context of marketing is the activity of a company or business trying to gain an upper hand over the other party. Competition is always over the same products and services or over similar target audience. The main aims of competition in business is to achieve more sales or to gain a larger share of the market over the competition. Business competition is important due to various factors; improves service delivery, makes the business better, improves employee efficiency and also boosts innovation.

An existing competition in a market can be defined as either high or low depending on the level of aggression by the competitors in that market. A fierce market is one where the competitors are very aggressive, this means that the rivalry among existing competitors is high. On the other hand, when the competitors are complacent, the rivalry in the market is low

5 0

3 years ago