Alexis Co. reported the following information for May: Part A Units sold 6,800 units Selling price per unit $ 980 Variable manufacturing cost per unit 610 Sales commission per unit - Part A 98 What is the manufacturing margin for Part A

Answers

Answer 1

Answer:

$2,516,000

Explanation:

Calculation to determine the manufacturing margin for Part A

Sales $6,664,000

($980*6800)

Less: Cost of goods sold ($4,148,000)

($610*6800)

Manufacturing margin for product A $2,516,000

Therefore the manufacturing margin for Part A is $2,516,000


Related Questions

Jim buys a 5 percent bond in the amount of $100. If the market interest rate increases to 10 percent Jim can sell his bond for up to:

Answers

Answer:

$50

Explanation:

Jim buys a 5% bond

The amount is $100

The market interest rate increases to 10%

Therefore the price at which the bond cann be sold is calculated as follows

= 5×100

= 500×0.01

= 50

Hence it can be sold for $50

Kluber, Inc. had net income of $917,000 based on variable costing. Beginning and ending inventories were 56,700 units and 55,400 units, respectively. Assume the fixed overhead per unit was $2.10 for both the beginning and ending inventory. What is net income under absorption costing

Answers

Answer:

The answer is "[tex]\$235,410[/tex]".

Explanation:

Variable cost net income [tex]=\$917,000[/tex]

Less: Fixed overhead start  [tex]56,700\times \$2.10=\$119,070[/tex]

Add: Fixed overhead termination  [tex]55,400\times $2.10=\$11,6340[/tex]

Net revenue at cost of absorption [tex]=\$235,410[/tex]

Extra Credit: The people of the Philippines are no stranger to typhoons and yet most people were caught off guard when the typhoon Haiyan struck and caused unprecedented number of casualties. The main reason for this was due to:_____.a. extremely strong winds that destroyed homes.b. massive flooding caused by extremely rapid and high storm surges.c. very strong rate of rainfall that triggered massive landslides.d. massive amounts of rainfall that led to dam failures throughout the Philippines.

Answers

Answer:

a. extremely strong winds that destroyed homes

Explanation:

The people of the Philippines are no stranger to typhoons and yet most people were caught off guard when the typhoon Haiyan struck and caused unprecedented number of casualties. The main reason for this was due to extremely strong winds that destroyed homes.

The typhoon Haiyan was unlike any other typhoon the people of Philippines were accustomed to, or even Asia as a continent. It came with extremely strong winds that completely leveled everything in its path, leaving in its wake a mass of casualties and both human and infrastructure.

Store A sells four times as many products as store B and one third as many as store C. If store C sells 105,960 products, how many products does store B sell.a. 8,830 b. 35,320 c. 79,470 d. 141,280 e. 423,840

Answers

The number of products that store B sells is 8,830. Option A is correct.

The accounting equation makes a part of balance sheet and further accounting procedures. It serves as the system's basis for double-entry bookkeeping.

The bookkeeping condition is the fundamental component of the monetary record and the essential guideline of bookkeeping.

It assists the organization with setting up a monetary record and check whether the whole endeavor's resource is equivalent to its liabilities and investor value. It is the foundation of the twofold passage bookkeeping framework.

Given,

Store A sells four times of products as store B

Store A sells one third of products as store C

Let the number of products sold by stores A be (a), B be (b), and C be (c) respectively.

The number of products store C (c) sells = 105,960

Calculate the number of products store B sell:

According to the question, store A (a) sells four times as many products as store B (b) which means:

Equation 1:

a = 4b

Even, store A sells one third as many as store C (c) which means:

Equation 2:

a = (1 / 3)* c

Substitute the value of c in this equation 2:

a = (1 / 3)* 105960

a = 105,960 / 3

a = 35320

The products store A (a) sells = 35320

Substitute value of a in equation 1:

a = 4b

35320 = 4b

b = 35320 / 4

b = 8830

Thus, option A is correct.

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will lend you $10,000 today with terms that require you to pay off the loan in 36 monthly installments of $500 each. What is the effective annual rate of interest that Laura is charging you

Answers

its 5.00 because i need brainly point

If Sweet Catering had recorded transactions using the Accrual method, how much net income (loss) would they have recorded for the month of May? If there is a loss, enter it with parentheses or a negative sign.May 1: Prepaid rent for three months, $2,100May 5: Received and paid electricity bill, $70May 9: Received cash for meals served to customers, $1,530May 14: Paid cash for kitchen equipment, $3,780May 23: Served a banquet on account, $1,780May 31: Made the adjusting entry for rent (from May 1).May 31: Accrued salary expense, $3,260May 31: Recorded depreciation for May on kitchen equipment, $670

Answers

Answer:

Net loss -$1,390

Explanation:

The computation of the net income is given below:

Service revenue    

On cash $1,530

ON credit $1,780

Service revenue $3,310

Less: Expense    

Utilities expense  -$70

Rent expense  -$700

Salaries expenses  -$3,260  

Depreciation expense -$670

Total expenses -$4,700

Net loss -$1,390

In general, increasing price above the market equilibrium price will _______ consumer surplus and ________ producer surplus. Total surplus will _______. Reducing price below market equilibrium will ________ consumer surplus and _______ producer surplus. Total surplus will _______. Thus regulators _______ increase benefits to one group or the other, but the market ______ be efficient.
The tax incidence is the:_____
a. average tax burden borne by buyers and sellers.
b. actual tax burden borne by buyers and sellers.
c. absolute tax burden borne by buyers and sellers.
d. relative tax burden borne by buyers and sellers.

Answers

I say it have to be letter a
C I’m not sure if thts it but yea

During January, its first month of operations, Dieker Company accumulated the following manufacturing costs:

Raw materials $4,500 on account, factory labor $8,100 of which $5,300 relates to factory wages payable and $2,800 relates to payroll taxes payable, and factory utilities payable $2,700.

Required:
Prepare journal entries for each type of manufacturing cost.

Answers

Answer:

Date         Account titles and Explanations         Debit       Credit

31-Jan      Raw materials inventory                       $4,500

                       Accounts payable                                           $4,500

31-Jan      Work in process inventory                    $8,100

                       Factory wages payable                                   $5,300

                       Payroll taxes payable                                      $2,800

31-Jan      Manufacturing overhead                       $2,700

                      Factory utilities payable                                    $2,700

After learning about inflation and some of its history, what would be the inflation target that is most advisable for an economy?

Answers

Answer:

1-2%

Explanation:

In simple words, every nation in the world have some kind of central authority that works to control and keep the inflation as low as possible. However, too low inflation can also lead to recession which brings problems way worse than inflation.

Thus, keeping in mind about all the information we have studied, it is advisable to keep inflation at 1% or 2% band, so that economy can grow moderately along with no price pressure on consumers.

Justin, an employee of Widget Corp., is hesitant to leave the company because he thinks that he will lose a great deal of his investments in time, effort, and benefits. In the context of organizational commitments, it is evident that Justin experiences _____. Group of answer choices normative commitment conjoint commitment affective commitment continuance commitment

Answers

Answer:

Continuance commitment

Explanation:

Organizational Commitment

This is commonly defined as employee desire or will to remain a member of the organization. It is said to influences whether an employee stays a member of the organization (is retained) or leaves to pursue another job (turns over).

Continuance Commitment

This is a type of commitment that is said to occur only when there is a profit associated with staying and a cost associated with leaving. This usually create a more passive form of loyalty. continuance commitment increases in terms of the total amount of investment (in terms of time, effort, energy, etc.) an employee has made in mastering his work role or fulfilling his organizational duties or lack of employment alternatives etc.

Financial statement audits performed under PCAOB requirements are designed to provide which type(s) of assurance with respect to the detection of material misstatements due to errors or fraud?

Answers

Answer:

Reasonable - Yes Absolute - No

Explanation:

When conducting an audit, the auditor is responsible to perform the review and provide reasonable assurance that the financial statements are free of material misstatement.

Due to the type of audit evidence obtained and the attribute of the fraud, the auditor cannot provide absolute assurance that the financial statements are free from any material misstatement, whether due to fraud or error. The assurance provided by the auditor is reasonable and not absolute.

Adams Manufacturing allocates overhead to production on the basis of direct labor costs. At the beginning of the year, Adams estimated total overhead of $385,900; materials of $417,000 and direct labor of $227,000. During the year Adams incurred $408,900 in materials costs, $403,400 in overhead costs and $231,000 in direct labor costs. Compute the amount of under- or overapplied overhead for the year.

Answers

Answer:

$364,980

Explanation:

Computation for the amount of under- or overapplied overhead for the year.

First step is to calculate the

Predetermined Overhead using this formula

Predetermined Overhead rate = Estimated overhead/direct labor estimated

Let plug in the formula

Predetermined Overhead rate= 358,900/227,000

Predetermined Overhead rate= 158% of direct labor cost

Now let determine the Overhead applied

Overhead applied = $231,000*158%

Overhead applied= $364,980

Therefore the amount of under- or overapplied overhead for the year is $364,980

help with business pls

Answers

Answer:

13

Explanation:

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Adjusting Entry for Supplies The balance in the supplies account, before adjustment at the end of the year, is $1,654. Journalize the adjusting entry required if the amount of supplies on hand at the end of the year is $777.

Answers

Answer:

The adjustment is:

= Balance in supplies account - Supplies on hand

= 1,654 - 777

= $877

This amount will be sent to the Supplies expense account to show that it was incurred as an expense during the period but was not accounted for. Expenses are debited when they increase.

Date                      Account Title                                        Debit                Credit

XX-XX-XXXX       Supplies expense                               $877

                             Supplies                                                                         $877

Stephanie wanted to save for her daughter's education. Tuition costs $10,000 per year in today's dollars. Her daughter was born today and will go to school starting at age 18. She will go to school for 4 years. Stephanie can earn 12% on her investments and tuition inflation is 6%. How much must Stephanie save at the beginning of each year if she wants to make her last savings payment at the beginning of her daughter's first year of college

Answers

Answer:

The amount that Stephanie must save at the beginning of each year if she wants to make her last savings payment at the beginning of her daughter's first year of college is:

= $6,428.46.

Explanation:

a) Data and Calculations:

Tuition costs per year in today's dollars = $10,000

Total tuition costs for 4 years in today's dollars = $40,000

Number of periods to save = 18 years

Interest rate on investments = 12%

Tuition inflation rate = 6%

Stephanie needs to save $6,428.46 at the beginning of each year, calculated as follows from an online financial calculator:

N (# of periods)  18

I/Y (Interest per year)  18

PV (Present Value)  40000

FV (Future Value)  0

Results

PMT = $6,428.46

Sum of all periodic payments = $115,712.21

Total Interest = $75,712.21

An analyst forecasts dividends over the next three years for ABC Company of $1.25, $2.00, and $2.50 respectively. He also expects that the dividend will grow at a constant rate of 3% forever after the third year. If the required rate of return is 12%, ABC stock price is closest to:

Answers

Answer:

$24.85

Explanation:

The stock price of the abc is given below:

Value of Stock after Year 3 = (Forecasted Dividend for Year 3 × Growth Rate) ÷ (Required Rate of Return - Growth Rate of Dividend)

 = (2.5 × 1.03) ÷ (0.12-0.03)

= 28.61

Now  

Current Stock Price = PV of all Future Dividends and Present Value of Stock after Year 3

 =(1.25 ÷ 1.12) + (2 ÷ 1.12^2) + (2.5 ÷ 1.12^3) + (28.61 ÷ 1.12^3)

 = 1.1161 + 1.5944 + 1.7795 + 20.3640

= $24.85

The part can be purchased from an outside supplier at $20 per unit. If the part is purchased from the outside supplier, two thirds of the total fixed costs incurred in producing the part can be eliminated. The annual increase or decrease on the company's operating incomes as a result of buying the part from the outside supplier would be:

Answers

Answer:

$2,000 Decrease

Explanation:

Calculation to determine what The annual increase or decrease on the company's operating incomes as a result of buying the part from the outside supplier would be:

First step is to calculate C saving from not producing parts

C saving from not producing parts = $12 + (2/3 x $9)

C saving from not producing parts = $18

Now let determine The annual increase or decrease on the company's operating incomes

purchase price = $20

Annual increase or decrease =($20-$18) x 1,000

Annual increase or decrease =$2 more per unit x 1,000

Annual increase or decrease = $2,000 decrease

Therefore The annual increase or decrease on the company's operating incomes as a result of buying the part from the outside supplier would be:$2,000 Decrease

Westside Manufacturing Co.'s budget at 6,000 units of production includes $36,000 for direct labor and $3,000 for electric power. Total fixed costs are $33,000. At 7,000 units of production, a flexible budget would show: Group of answer choices variable and fixed costs totaling $45,375 variable costs of $39,000 and $33,875 of fixed costs variable costs of $45,500 and $33,000 of fixed costs variable costs of $44,000 and $33,000 of fixed costs

Answers

Answer:

variable costs of $45,500 and $33,000 of fixed costs

Explanation:

The computation of the variable cost and the fixed cost is shown below:

The fixed cost is $33,000

And, the variable cost is

= 39,000 ÷ 6,000 units × 7,000 units

= $45,500

Therefore variable costs of $45,500 and $33,000 of fixed costs

Hence, the same is to be considered and relevant

What's the meaning of the symbol S3?

A. One three-way switch
B. A single switch mounted at 3'0"
C. Three single-pole switches
D. a triple-pole switch

Answers

The answer is A

One three-way switch

On May 7, Jernigan Company purchased on account 640 units of raw materials at $15 per unit. During May, raw materials were requisitioned for production as follows: 224 units for Job 200 at $13 per unit and 294 units for Job 305 at $15 per unit.

Required:
Journalize the entry on May 7

Answers

Answer:

Date               Account Title                                              Debit               Credit

May 7             Materials                                                 $9,600

                      Accounts Payable                                                            $9,600

Working:

= Units purchased * cost per unit

= 640 * 15

= $9,600

As the goods were purchased on account, they will be sent to accounts payable. Materials are assets so they will be debited when acquired.

PLEASE HELP!!!!

Jeff and Casey, who are currently both working full-time jobs, are about to have their first child. They are trying to decide if they are both going to keep working. What benefit are they MOST likely to experience if they choose a dual-income option?

a.They will have a lower amount of childcare expenses.

b. They will have a greater amount of financial income.

c. They will have less disposable income.

d. They will have more time to spend with their new baby

Answers

Answer:

They will have a greater amount of financial income

Under absorption costing, fixed manufacturing overhead is expensed at the time the units are produced. Under variable costing, fixed manufacturing overhead is expensed at the time the units are sold.A. TrueB. False

Answers

Answer:

A. True

Explanation:

In the case of absorption costing, the fixed manufacturing overhead should be incurred at the time when the units are generated or produced. While on the other hand, in the case of variable costing the fixed manufacturing overhead should be incurred at the time when the units are sold

Therefore the given statement is true

Hence, the correct option is a.

An operating lease has unequal payments over the lease term. During the first year, the payment is $14,000; total payments over the five-year lease term are $120,000. Based on the present value of the total lease payments and the implicit interest rate, interest expense incurred during the first year is $6,000. Amortization of the right-to-use asset for year 1 should be:

Answers

Answer: $8000

Explanation:

Amortization refers to the practice whereby the cost of an intangible asset is spread over the useful life of the asset. Amortization is used to lower the book value of an intangible asset or loan over a particular period of time.

Based on the information given in the question, the amortization of the right-to-use asset for year 1 should be:

= Installment - Interest

= $14000 - $6000

= $8000

Heidi Ganahl's personal example of triumph over tragedy most likely has a strong influence on Camp Bow Wow's: a.organizational culture. b.organizational diversity. c.organizational structure. d.organizational control.

Answers

Answer:

organizational control.

Explanation:

Heidi Ganahl's  is an American businesswoman and entrepreneur She is the founder and CEO of Camp Bow Wow's pet franchise. She has won various awards such as the most powerful women in the chamber of commerce and the most amazing female entrepreneurs.

what does it mean to be "in the red"

Answers

Answer:

The expression "in the red" is used to describe a business that has negative earnings. This is in contrast to the phrase "in the black" which refers to businesses that are profitable and financially solvent. ... Before the use of computers, accountants recorded income in black ink and expenses in red ink.

Explanation:

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Franchises are attractive to business owners because

they have a proven business model.
they are typically inexpensive to buy.
they get to keep all profits.
they come with very little risk.

Answers

A. they have a proven business model.

Franchises are attractive to business owners because they have a proven business model. The correct option is A.

Why are franchises attractive?

Franchises give larger companies the ability to expand and spread out while also allowing entrepreneurs and small business owners the chance to manage their own operations with the assistance and support of a larger organization with a track record of success. Franchising is a seductive strategy for achieving commercial success.

In a franchise, the business owner (the franchisor) sells the right to use its brand, goods, and operational procedures to the franchisee (the person who wants to open a new location) in exchange for a fee.

The fact that the franchisor has previously created and put the business model through testing is one of the key advantages of owning a franchise. As opposed to starting a new company from scratch, the franchisee can take advantage of the franchisor's knowledge and expertise, which lowers the risk of failure.

Thus, the ideal selection is option A.

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Botox Facial Care had earnings after taxes of $330,000 in 20X1 with 200,000 shares of stock outstanding. The stock price was $42.00. In 20X2, earnings after taxes increased to $386,000 with the same 200,000 shares outstanding. The stock price was $53.00. a. Compute earnings per share and the P/E ratio for 20X1. (The P/E ratio equals the stock price divided by earnings per share.) (Do not round intermediate calculations. Round your final answers to 2 decimal places.) b. Compute earnings per share and the P/E ratio for 20X2. (Do not round intermediate calculations. Round your final answers to 2 decimal places.) c. Why did the P/E ratio change

Answers

Answer:

Botox Facial Care

                                          20X1           20X2

a. Earnings per share       $1.65            $1.93

b. P/E ratio                       25.45x          27.46x

c. The P/E ratio changed from 25.45x to 27.46x following a change in earnings per share and the stock price per share.

Explanation:

a) Data and Calculations:

                                       20X1           20X2

Earnings after taxes $330,000    $386,000

Outstanding shares   200,000      200,000

Earnings per share       $1.65            $1.93

Stock price                 $42.00         $53.00

P/E ratio                       25.45x          27.46x

Earnings per share = Earnings after taxes/Outstanding shares

P/E ratio = Stock price/Earnings per share

If the risk-free rate is 7.0%, the market risk premium is 9.0%, and the expected return on Security J is 23.8%, what is the beta for Security J

Answers

Answer:

the beta for Security J is 1.87

Explanation:

The computation of the beta is given below

As we know that

Expected return = risk free rate of return + beta ×market risk premium

23.8% = 7.0% + beta × 9.0%

So, the beta is

= (23.8% - 7.0%) ÷ 9.0%

= 1.87

Hence, the beta for Security J is 1.87

Dallas Products is a division of a major corporation. The following data are for the most recent year of operations: Sales $ 37,080,000 Net operating income $ 3,108,960 Average operating assets $ 8,600,000 The company's minimum required rate of return 16 % The division's residual income is closest to:______

Answers

Answer:

1,732,960

Explanation:

The sales is $37,080,000

The net operating income is $3,108,960

The average operationg assets is $8,600,000

The required rate of return is 16%

The divisional residual income can be calculated as follows

= 3,108,960-(16/100×8,600,000)

= 3,108,960 - (0.16×8,600,000)

= 3,108,960-1,376,000

= 1,732,960

Hence the residual income is closest to $1,732,960

g If the economy experiences economic contraction, the government can combat this with an Group of answer choices increase in government purchases increase in marginal tax rates increase in autonomous taxes increase in real interest rates

Answers

Answer:

increase in government purchases

Explanation:

If there is a contraction in the economy, the government should conduct expansionary policies to increase money supply.

Discretionary fiscal policies are deliberate steps taken by the government to stimulate the economy in order to cause the economy to move to full employment and price stability more quickly than it might otherwise.

Discretionary fiscal policies can either be expansionary or contractionary

Expansionary fiscal policy is when the government increases the money supply in the economy either by increasing spending or cutting taxes.

Contractionary fiscal policies is when the government reduces the money supply in the economy either by reducing spending or increasing taxes

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