The manager of an air conditioning manufacturing plant wants to train their service installers on the steps to follow to install the new units. Which visual aid listed below is the best option?

Answers

Answer 1

Answer: can you please provide me with some options

Explanation:

No options are listed


Related Questions

Pace Company has the following plan information available for 2019: Month Total Sales January $166,000 February $150,000 March $136,000 April $182,000 May $152,000 June $135,000 July $110,000 The normal pattern of cash collections on sales is 10% in the month of the sale, 50% in the month following the sale and 40% in the second month following the sale. The expected total cash collections for May should be

Answers

Answer:

the expected total cash collections for May is $160,600

Explanation:

The computation of the expected total cash collections for May is given below

= 10% of $152,000 + 50% of $182,000 + 40% of $136,000

= $15,200 + $91,000 + $54,400

= $160,600

Hence, the expected total cash collections for May is $160,600

The same should be considered

NoFly Corporation sells three different models of a mosquito "zapper." Model A12 sells for $53 and has variable costs of $45. Model B22 sells for $101 and has variable costs of $81. Model C124 sells for $406 and has variable costs of $315. The sales mix of the three models is A12, 59%; B22, 27%; and C124, 14%. What is the weighted-average unit contribution margin? (Round answer to 2 decimal places, e.g. 15.50.) Weighted-Average Unit Contribution Margin $ ______.

Answers

Answer:

$22.86

Explanation:

                                                    Model A12    Model B22   Model C124

Selling price per unit                        $53                 $101            $406

Variable costs per unit                     $45                 $81              $315

Contribution margin per unit           $8                    $20             $91

Weighted-Average Unit Contribution Margin = (Model A12 Contribution margin per unit * Sales mix) + (Model B22 Contribution margin per unit * Sales mix) + (Model C124 Contribution margin per unit * Sales mix)

Weighted-Average Unit Contribution Margin = ($8 * 59%) + ($20 * 27%) + ($91 * 14%)\

Weighted-Average Unit Contribution Margin = $4.72 + $5.4 + $12.74

Weighted-Average Unit Contribution Margin = $22.86

Texas Curtain Works is in the process of preparing its budget for next year. Cost of goods sold has been estimated at 70 percent of sales. Fabric purchases and payments are to be made during the month preceding the month of sale. Wages are estimated at 20 percent of sales and are paid during the month of sale. Other operating costs amounting to 25 percent of sales are to be paid in the month following the month of sales. Sales revenue is forecasted as follows:
Month Sales
February $440,000
March $450,000
April $480,000
May $500,000
June $510,000
What is the amount of fabric purchases during the month of March?
a) $480,000
b) $336,000
c) $288,000
d) $300,000

Answers

Answer:

b. $336,000

Explanation:

Here, the Fabric purchases & payments are to be made during the month before the month of sale.

The Amount of fabric purchases during the month of march = 70% of sales of the month of April

Purchases of March = 70% * $480,000

Purchases of March = 0.70 *$480,000

Purchases of March = $336,000

So, the amount of fabric purchases during the month of March is $336,000.

In an effort to simplify the multiple production department factory overhead rate method, the same rate can be used for all departments.
A. True
B. False

Answers

Answer: False

Explanation:

Different departments incur different types of costs based on the product that they are producing. It would therefore not be right to use the same rate for all departments as it might capture cost inadequately.

The overhead rate should always take into account the unique circumstances of a department such that costs can be assigned as accurately as possible.

Sayid is the sole shareholder of an S corporation in Hattiesburg, Mississippi. At a time when his stock basis is $20,000, the corporation distributes appreciated property worth $40,000 (basis of $20,000). There is no built-in gain. Sayid's taxable gain is:

Answers

Answer:

$20,000

Explanation:

The computation of the taxable gain is shown below:

The corporate gain is

= $40,000 - $20,000

= $20,000

Now the stock basis is increased i.e.

= $20,000 + $20,000

= $40.000

Now the stock basis decreased to zero i.e.

= $40,000 - $40,000

= $0

So, here the taxable gain is of $20,000

What annual rate of return is earned on a $13,000 investment made in year 2 when it grows to $17,000 by the end of year 7?
A. 10.64%.
B. 4.28%.
C. 8.04%.
D.​ 5.51%.

Answers

Answer:

It would be D. 5.51%

Answer:

D

Explanation:

It's accumulating for 5 years

[tex]17000=13000(1+i)^5\\1.307692308=(1+i)^5\\\sqrt[5]{1.307692308} =1+i\\i=.05511[/tex]

A firm that purchases a commercial-off-the-shelf (COTS) information system benefits by getting a standardized system without having to absorb development costs, but risks getting a system that does not align with the firm's businesses processes and existing technologies.
a. True
b. False

Answers

Answer: True

Explanation:

Commercial-off-the-shelf (COTS) software refers to the software products which are readily made and hence are available in the market for purchase.

One benefit of this is that when it's purchased, the company gets a standardized system without having to absorb development cost. Despite this advantage, it has a disadvantage as the company can risk getting a system which doesn't align with the businesses processes and existing technologies of the company.

A factory wishes to maximize its profit by choosing how many of each of its products to produce every week. The factory cannot produce more than 32 units in total each week. A linear programming problem is formed and the part of the sensitivity report corresponding to this constraint is provided below. If the company could produce 10 more units each week, which of the following can be concluded about the optimal profit?
Nam Final Value Shadow Constraint R.H. Allowable Allowable
Price Side Increase Decrease
Total
Production 32 32 90 15.333 8.667
a. Optimal profit increases by 90.
b. Optimal profit increases by 900.
c. Optimal profit increases by 15.3.
d. Optimal profit increases by 153.3.
e. The impact on optimal profit cannot be determined with the given information.

Answers

Ask Siri to help you and there is the answer

For each of the below, indicate where each item should be presented in the statement of cash flows (using the indirect method) using the legend below. Also, indicate how cash flows are affected. Legend for BLANK 1: A - operating activities B - investing activities C - financing activities D - significant noncash investing and financing activities Legend for BLANK 2: I - Increase D - Decrease N - No effect

Answers

Answer:

                                                                                        Blank 1      Blank 2

i. Depreciation expense                                                       A               I

ii. Purchase of office equipment                                          B               D

iii. Decrease in accounts receivable                                    A                I

iv. Payment of cash dividends                                              C               D

v. Conversion of bonds into common stock                        D               N

vi. Sold land and warehouse used in the corp.                    B                I

vii. Gain on sale of land and warehouse in part vi.              A               D

viii. Issued common stock for cash                                       C               I

ix. Decrease in accounts payable                                         A               D

x. Increase in inventory                                                          A               D

Explanation:

Note: This question is not complete. The complete question is therefore provided before answering the question. See the attached pdf for the complete question.

How each of the item will appear in the  the statement of cash flows (using the indirect method) is also provided below:

XYZ Company

Statement of Cash Flows (Indirect Method Format)

For the year...

Details                                                                                   $                 $  

Operating activities:

Net profit                                                                             xxx

Adjustment to reconcile net income:

i. Depreciation expense                                                     xx

iii. Decrease in accounts receivable                                  xx

vii. Gain on sale of land and warehouse in part vi.          (xx)

ix. Decrease in accounts payable                                      (xx)

x. Increase in inventory                                                      (xx)    

Net cash flows from operating activities                                             xxx

Investing activities:

ii. Purchase of office equipment                                          (xx)

vi. Sold land and warehouse used in the corporation        xx  

Net cash flows from investing activities                                               xxx

Financing activities:

iv. Payment of cash dividends                                              (xx)

viii. Issued common stock for cash                                       xx  

Net cash flows from investing activities                                                 xxx  

Net cash flow for the year                                                                       xxx

Beginning cash balance                                                                          xxx  

Ending cash balance                                                                                xxx  

Note: The does not affect the cash flows statement:

v. Conversion of bonds into common stock

With its current levels of input use, a firm's MRTS is 1/3 (when capital is on the vertical axis and labor is on the horizontal axis). This implies:__________.
A. the firm conld produce 3 more units of output if it increased its use of capital by one unit (holding labor constat).
B. the firm could produce 3 more units of output if it increased its use of labor by one unit (holding capital constant).
C. if the firm reduced its capital stock by one unit, it would have to hire 3 more worlkers to maintain its eurrent level of output.
D. the marginal product of labor is 3 times the marginal product of capital.

Answers

Answer: A. the firm could produce 3 more units of output if it increased its use of capital by one unit (holding labor constant).

Explanation:

The Marginal Rate of Technical Substitution(MRTS) is calculated as follows:

= Marginal product of labor / Marginal product of capital

= 1 / 3

Marginal product of labor = 1

Marginal product of capital = 3

This means that if one unit of labor is used, it produces 1 unit of output.

If one unit of capital is used however, it produces 3 units of output.

If a firm therefore used one unit of capital and kept labor constant, it could produce 3 units out output.

The controller of Oriole Industries has collected the following monthly expense data for use in analyzing the cost behavior of maintenance costs.
Month Total Total
Maintenance Costs Machine Hours
January $2,860 320
February 3,160 370
March 3,760 520
April 4,660 670
May 3,360 520
June 5,260 720
Determine the variable cost components using the high-low method. (Round answer to 2 decimal places e.g. 2.25.)
Variable cost per machine hour $
Determine the fixed cost components using the high-low method.
Total fixed costs $

Answers

Answer:

Results are below.

Explanation:

Giving the following information:

Maintenance Costs Machine Hours

January $2,860 320

February 3,160 370

March 3,760 520

April 4,660 670

May 3,360 520

June 5,260 720

To calculate the variable and fixed costs, we need to use the following formulas:

Variable cost per unit= (Highest activity cost - Lowest activity cost)/ (Highest activity units - Lowest activity units)

Variable cost per unit= (5,260 - 2,860) / (720 - 320)

Variable cost per unit= $6

Fixed costs= Highest activity cost - (Variable cost per unit * HAU)

Fixed costs= 5,260 - (6*720)

Fixed costs= $940

Fixed costs= LAC - (Variable cost per unit* LAU)

Fixed costs= 2,860 - (6*320)

Fixed costs= $940

Productivity Question 3 options: is nearly the same across countries, and so provides no help explaining differences in the standard of living across countries. explains very little of the differences in the standard of living across countries. explains some, but not most of the differences in the standard of living across countries. explains most of the differences in the standard of living across countries.

Answers

Answer:

explains most of the differences in the standard of living across countries.

Explanation:

Gross Domestic Products (GDP) is a measure of the total market value of all finished goods and services made within a country during a specific period.

Simply stated, GDP is a measure of the total income of all individuals in an economy and the total expenses incurred on the economy's output of goods and services in a particular country.

Basically, the four (4) major expenditure categories of GDP are consumption (C), investment (I), government purchases (G), and net exports (N).

Productivity is a measure of how efficient is the manufacturing of finished goods and services in a country. Thus, it's a measure of total output with respect to input such as capital, labour, and other resources.

Generally, productivity is a ratio of output (product) to the resources (input) that is required to produce the product and as such determines the economic output of a particular country, as well as the standard of living of its population.

Hence, productivity explains most of the differences in the standard of living across countries based on the value of output generated with a unit of input.

The following account balances are taken from the December 31, 2018, financial statements of ABZ Advertising Company. The company uses accrual basis accounting.

Advertising Revenue $46,982
Cash 41,516
Accounts Receivable 7,296
Interest Expense 2,299
Accounts Payable 5,000
Operating Expenses 37,460
Deferred Revenue 1178
Equipment 18,648
Income Tax Expense 2,326

The following activities occurred in 2019:

1. Performed advertising services on account, $55,000.
2. Received cash payments from customers on account, $10,400.
3. Received deposits from customers for advertising services to be performed in 2020, $2,500.
4. Made payments to suppliers on account, $7,000.
5. Incurred $45,000 of operating expenses; $39,000 was paid in cash and $6,000 was on account and unpaid as of the end of the year.

Required:
What is the amount of revenue that will be reported on the income statement for the year ended December 31, 2019?

Answers

Answer:

the amount of the revenue that should be recorded is $51,896

Explanation:

The computation of the amount of the revenue that should be recorded is shown below:

= Opening balance of account receivable + service revenue balance on the account - cash payment

= $7,296 + $55,000 - $10,400

= $51,896

Hence, the amount of the revenue that should be recorded is $51,896

2019 2018 2017 2016 2015 Sales $ 282,880 $ 270,800 $ 252,600 $ 234,560 $ 150,000 Cost of goods sold 128,200 122,080 115,280 106,440 67,000 Accounts receivable 18,100 17,300 16,400 15,200 9,000 Compute trend percents for the above accounts, using 2015 as the base year.

Answers

Answer:

Sales

2019 Net Sales = 188.59%

2018 Net Sales = 180.53%

2017 Net Sales = 168.4%

2016 Net Sales = 156.37%

Cost of Goods Sold

2019Cost of Goods Sold = 191.34%

2018 Cost of Goods Sold = 182.21%

2017 Cost of Goods Sold = 172.06%

2016 Cost of Goods Sold = 158.87%

Accounts Receivable:

2019 Accounts Receivable = 201.11%

2018Accounts Receivable = 192.22%

2017Accounts Receivable = 182.22%

2016Accounts Receivable = 168.89%

Explanation:

Computation forn trend percents for the above accounts, using 2015 as the base year:

FOR SALES:

2019:

Net Sales = Sales 2019 / Sales 2015*100

Net Sales = $282,880 / $150,000 * 100

Net Sales = 188.59%

2018:

Net Sales = Sales 2018 / Sales 2015*100

Net Sales = $270,800 / $150,000 * 100

Net Sales = 180.53%

2017:

Net Sales = Sales 2017 / Sales 2015*100

Net Sales = $252,600 / $150,000 * 100

Net Sales = 168.4%

2016:

Net Sales = Sales 2016 / Sales 2015*100

Net Sales = $234,560 / $150,000 * 100

Net Sales = 156.37%

COST OF GOODS SOLD:

2019:

Cost of Goods Sold = Cost of Goods Sold 2019 / Cost of Goods Sold 2015 *100

Cost of Goods Sold = $128,200 / $67,000 * 100

Cost of Goods Sold = 191.34%

2018:

Cost of Goods Sold = Cost of Goods Sold 2018 / Cost of Goods Sold 2015 *100

Cost of Goods Sold = $122,080 / $67,000 * 100

Cost of Goods Sold = 182.21%

2017:

Cost of Goods Sold = Cost of Goods Sold 2017 / Cost of Goods Sold 2015 *100

Cost of Goods Sold = $115,280 / $67,000 * 100

Cost of Goods Sold = 172.06%

2016:

Cost of Goods Sold = Cost of Goods Sold 2016 / Cost of Goods Sold 2015 *100

Cost of Goods Sold = $106,440 / $67,000 * 100

Cost of Goods Sold = 158.87%

ACCOUNTS RECEIVABLE:

2019:

Accounts Receivable = Accounts Receivable 2019 / Accounts Receivable 2015 * 100

Accounts Receivable = $18,100 / $9,000 * 100

Accounts Receivable = 201.11%

2018:

Accounts Receivable = Accounts Receivable 2018 / Accounts Receivable 2015 * 100

Accounts Receivable = $17,300 / $9,000 * 100

Accounts Receivable = 192.22%

2017:

Accounts Receivable = Accounts Receivable 2017 / Accounts Receivable 2015 * 100

Accounts Receivable = $16,400 / $9,000 * 100

Accounts Receivable = 182.22%

2016:

Accounts Receivable = Accounts Receivable 2016 / Accounts Receivable 2015 * 100

Accounts Receivable = $15,200 / $9,000 * 100

Accounts Receivable = 168.89%

current year depreciation expense is 25000 what amount should the company report as net income for 2013

Answers

Answer:

Note:The full question is attached as picture below

                                          1 Jan         31 Dec      Increase/(Decrease)

Accounts receivables   $80,000    $100,000          $20,000

Inventory                        $60,000    $70,000           $10,000

Prepaid Expenses         $100,000   $75,000           ($25,000)

Accounts Payable         $120,000   $100,000         ($20,000)

Deferred Revenue        $65,000     $95,000           $30,000

Particulars                                                              Amount

Net Cash Flows from Operating Activities          $200,000

Less Increase in Current Liabilities

Deferred Revenue                                                 ($30,000)

Less Decrease in Current Assets

Prepaid Expenses                                                 ($25,000)

Add Decrease in Current Liabilities

Accounts Payable                                                  $20,000

Add Increase in Current Assets

Accounts receivables                                             $20,000

Inventory                                                                 $10,000

Less: Depreciation Expenses                               ($25,000)

Net Income for 2013                                             $170,000

resented below is information related to Sandhill Enterprises.

Jan. 31 Feb. 28 Mar. 31 Apr. 30
Inventory at cost $15,750 $15,855 $17,850 $14,700
Inventory at LCNRV 15,225 13,230 16,380 13,965
Purchases for the month 17,850 25,200 27,825
Sales for the month 30,450 36,750 42,000

From the information, prepare as far as the data permit monthly income statements in columnar form for february march and april.

Answers

Answer:

Sandhill Enterprises

Sandhill Enterprises

Income Statements

For the months ended Feb. 28, March 31, and April 30, 2020:

                                              Feb. 28  March 31  April 30

Sales for the month             $30,450  $36,750  $42,000

Cost of goods sold                 19,845    22,050     30,240

Gross profit                          $10,605   $14,700     $11,760

Explanation:

a) Data and Calculations:

                                              Jan. 31    Feb. 28        Mar. 31     Apr. 30

Inventory at cost                 $15,750    $15,855    $17,850     $14,700

Inventory at LCNRV              15,225      13,230      16,380       13,965

Purchases for the month                        17,850    25,200      27,825

Sales for the month                               30,450    36,750      42,000

Determining the ending inventory based on LCNRV:

                                              Jan. 31    Feb. 28        Mar. 31     Apr. 30

Inventory at cost                 $15,750    $15,855    $17,850     $14,700

Inventory at LCNRV              15,225      13,230      16,380       13,965

Ending inventory                  15,225      13,230      16,380        13,965

Beginning inventory                              15,225      13,230       16,380

Determining the Cost of Goods Sold:

Beginning inventory                              15,225     13,230       16,380

Purchases for the month                      17,850    25,200      27,825

Ending inventory                                   13,230     16,380       13,965

Cost of goods sold                               19,845    22,050      30,240    

Assume the following information from a schedule of cost of goods manufactured:
Beginning work in process inventory 30,000
Direct materials used in production 50,000
Direct labor 60,000
Total manufacturing costs to account for 219,000
Ending work in process inventory 72,000
What is the manufacturing overhead applied to work in process?
A. $15,800
B. $144,500
C. $150.000
D. $79,000

Answers

Answer:

The manufacturing overhead applied to work in process is:

D. $79,000

Explanation:

a) Data and Calculations:

Beginning work in process inventory          30,000

Direct materials used in production            50,000

Direct labor                                                   60,000

Total manufacturing costs to account for 219,000

Manufacturing overhead applied to WIP   79,000 (219,000 - 140,000)

Ending work in process inventory              72,000

b) The manufacturing overhead applied to Work in Process is the difference between the total manufacturing costs to account for and the costs of beginning work in process, direct materials, and direct labor for the period.  When the ending work in process is deducted from the total manufacturing costs, the resulting figure represents the cost of goods transferred to finished goods inventory.

During June, Cisco Company produced 12,000 chainsaw blades. The standard quantity of material allowed per unit was 1.5 pounds of steel per blade at a standard cost of $8 per pound. The actual cost was $7 per pound. The actual pounds of steel that Cisco purchased were 19,500 pounds. All materials purchased were used. Calculate Cisco's materials usage variance.

Answers

Answer:

Direct material quantity variance= $12,000 unfavorable

Explanation:

To calculate the direct material quantity variance, we need to use the following formula:

Direct material quantity variance= (standard quantity - actual quantity)*standard price

Direct material quantity variance= (1.5*12,000 - 19,500)*8

Direct material quantity variance= (18,000 - 19,500)*8

Direct material quantity variance= $12,000 unfavorable

Renaldo Cross Company views share buybacks as treasury stock. Renaldo repurchased shares and then later sold the shares at more than their acquisition price. What is the effect of the sale of the treasury stock on each of the following?
Retained earnings Total paid-in capital
a. no effect increase
b. no effect no effect
c. increase no effect
d. increase increase
a) Option A
b) Option B
c) Option C
d) Option D

Answers

Answer: a) Option A

Explanation:

There will be no effect on retained earnings because retained earnings do not increase as a result of shares being sold. It increases when net income increases.

Total paid-in capital increases when stock is sold for higher than its par value or when treasury stock is sold for higher than its acquisition price. The treasury stock here was sold for higher than it was bought so this would increase the total paid in capital.

The question, "What are the distinguishing characteristics of effective leaders?" sparked which approach to the study of leadership?

Answers

Answer:

behavioral approach to the study of leadership

Explanation:

In simple words, The behavioral approach is only concerned with what managers do and what they behave. The behavioral approach broadened the science of leadership to encompass the activities of leaders toward followers in diverse settings by moving the study of leadership to leader behaviors. Monitoring and analyzing a leader's movements and behaviors in response to a given circumstance is central to behavioral leadership theory.

The question, "What are the distinguishing characteristics of effective leaders?" sparked the:

Behavioral approach to the study of leadership

According to the given question, we can see that a question was asked which wants to mirror on the unique features of an effective leader and asked us to show the type of approach which was sparked as a result of this question.

As a result of this, we can see that the type of approach which was sparked as a result of the question about the distinguishing characteristics of effective leaders is behavioral approach.

This is because, this type of approach focuses on leaders and how their activities impacts the followers.

Read more here:

https://brainly.com/question/18229926

Flimm Company leases an asset over its estimated useful life of six years. At the inception of the lease, the present value of the lease payments is $240,000. The market value of the leased asset is $258,000.
Flimm uses the straight-line method to allocate lease-related assets to accounting periods during which benefits are derived from the leased assets. To allocate the costs of the related asset, Flinn should debit
a) amortization expense for $43,000
b) amortization expense for $40,000
c) depreciation expense for $43,000
d) depreciation expense for $40,000

Answers

Answer: amortization expense for $40,000

Explanation:

Based on the question given, we've to choose between the lower of the fair value of the equipment or the present value of the lease payments. Hence, in this case we will choose $240000.

Then, the amortization expense per year will be:

= $240,000 / 6 years

= $40,000

Therefore, the company should debit amortization expense for $40,000.

May 1 Prepared a company check for $450 to establish the petty cash fund.
May 15 Prepared a company check to replenish the fund for the following expenditures made since May 1.

a. Paid $160 for janitorial services.
b. Paid $120 for miscellaneous expenses.
c. Paid postage expenses of $80.
d. Paid $41 to The County Gazette (the local newspaper) for an advertisement.
e. Counted $63 remaining in the petty cash box.

May 16 Prepared a company check for $150 to increase the fund to $600.
May 31 The petty cashier reports that $240 cash remains in the fund. A company check is drawn to replenish the fund for the following expenditures made since May 15.

f. Paid postage expenses of $205.
g. Reimbursed the office manager for business mileage, $103.
h. Paid $34 to deliver merchandise to a customer, terms FOB destination.
May 31 The company decides that the May 16 increase in the fund was too large. It reduces the fund by $120, leaving a total of $480.

Required:
Journalize the entries.

Answers

Answer:

Journal Entries:

May 1 Debit Petty Cash $450

Credit Cash $450

To establish the petty cash fund.

May 15 Debit Petty Cash $387

Credit Cash $387

To replenish the fund for expenses.

a. Debit Janitorial Expenses $160

Credit Petty Cash $160

b. Debit Miscellaneous expenses $120

Credit Petty Cash $120

c. Debit Postage expenses $80

Credit Petty Cash $80

d. Debit Advertisement $41

Credit Petty Cash $41

e. Debit Petty Cash $14

Credit Cash overage $14

To recognize the cash overage.

May 16 Debit Petty Cash $150

Credit Cash $150

To increase the petty cash fund to $600.

May 31 Debit Petty Cash $360

Credit Cash $360

To replenish the fund for expenses.

f. Debit Postage expenses $205

Credit Petty Cash $205

g. Debit Transport expense $103

Credit Petty Cash $103

h. Debit Freight-out $34

Credit Petty Cash $34

Debit Shortage $18

Credit Petty Cash $18

May 31 Debit Cash $120

Credit Petty Cash $120

To reduce the petty cash fund to $480.

Explanation:

a) Data and Analysis:

May 1 Petty Cash $450 Cash $450

May 15 Petty Cash $387  Cash $387

a. Janitorial Expenses $160 Petty Cash $160

b. Miscellaneous expenses $120 Petty Cash $120

c. Postage expenses $80 Petty Cash $80

d. Advertisement $41 Petty Cash $41

e. Petty Cash $14 Cash overage $14

May 16 Petty Cash $150 Cash $150

May 31 Petty Cash $360 Cash $360

f. Postage expenses $205 Petty Cash $205

g. Transport expense $103 Petty Cash $103

h. Freight-out $34 Petty Cash $34

Shortage $18 Petty Cash $18

May 31 Cash $120 Petty Cash $120

We learned about Cost-Volume-Profit analysis. Review a few of the break even examples in the chapter.
1. If only the selling price per unit of a product increases (variable cost per unit and total fixed costs do not change), does the breakeven point increase or decrease?
2. Using Break Even Analysis, provide a unique mathematical example to support you answer. (Calculate the breakeven point for a base example, then increase the selling price and re-calculate your breakeven point.) Label all numbers in your examples."

Answers

Answer:

decrease

1. fixed cost is 100

variable cost is 10

price = 20

100 / ( 20 - 10) = 10

2. fixed cost is 100

variable cost is 10

price = 30

100 / (30 - 10) = 5

Explanation:

XYZ Company manufactures a unique device that is used by internet users to boost Wi-fi signals. The following data relates to the first month of operation:

Beginning inventory 0 units
Units produced 40,000 units
Units sold 35,000 units
Selling price $120 per unit

Marketing and administrative expenses

Variable marketing and administrative expenses per unit $4
Fixed marketing and administrative expenses per month $1,120,000

Manufacturing costs
Direct materials cost per unit $30
Direct labor cost per unit $14
Variable manufacturing overhead cost per unit $4
Fixed manufacturing overhead cost per month $1,280,000

Using the information given, above:

a. Calculate unit product cost under the variable costing method and the absorption costing method.
b. Prepare an Income Statement under the variable costing method, as well as the absorption costing method.
c. Prepare a schedule to reconcile the net operating income under the variable and absorption costing methods

Answers

Answer:

XYZ Company

a. Unit product cost under:

1. variable costing method

Direct materials cost per unit                                              $30

Direct labor cost per unit                                                      $14

Variable manufacturing overhead cost per unit                  $4

Variable marketing and administrative expenses per unit $4

Total variable cost                                                               $52

2. absorption costing method:

Direct materials cost per unit                             $30

Direct labor cost per unit                                     $14

Variable manufacturing overhead cost per unit  $4

Fixed manufacturing overhead cost                  $32 ($1,280,000/40,000)

Total product cost per unit                                 $80

b1. Income Statement under the variable costing method

Sales revenue                             $4,200,000 ($120 * 35,000)

Cost of goods sold:

Variable cost of goods sold          1,680,000 ($48 * 35,000)

Variable marketing and admin        140,000 ($4 * 35,000)

Total cost of goods sold               1,820,000

Contribution margin                  $2,380,000

Fixed expenses:

Fixed marketing and

administrative expenses          $1,120,000

Fixed manufacturing overhead 1,280,000

Total fixed expenses               $2,400,000

Net operating loss                        $20,000

b2. Income Statement under the absorption costing method

Sales revenue                             $4,200,000 ($120 * 35,000)

Cost of goods sold:

Variable cost of goods sold          1,920,000 ($48 * 40,000)

Fixed manufacturing overhead    1,280,000

Less Ending inventory                   (400,000)

Total cost of goods sold              2,800,000

Contribution margin                   $1,400,000

Period expenses:

Marketing and Administrative:

Fixed                 $1,120,000

Variable                 140,000       $1,260,000

Net operating income                  $140,000

c. Schedule to reconcile the net operating income under the variable and absorption costing methods:

Net operating income under absorption = $140,000

Fixed cost absorbed in ending inventory =  160,000 ($32 * 5,000)

Net operating loss under variable =           ($20,000)

Explanation:

a) Data and Calculations:

Beginning inventory       0 units

Units produced    40,000 units

Units sold             35,000 units

Ending inventory   5,000 units

Selling price $120 per unit

Marketing and administrative expenses:

Variable marketing and administrative expenses per unit $4

Fixed marketing and administrative expenses per month $1,120,000

Manufacturing costs:

Direct materials cost per unit $30

Direct labor cost per unit $14

Variable manufacturing overhead cost per unit $4

Fixed manufacturing overhead cost per month $1,280,000

A​ firm's marginal product of labor is 4 and its marginal product of capital is 5. If the firm adds one unit of labor but does not want its output quantity to​ change, the firm should A. add 1.25 units of capital. B. use 1.25 fewer units of capital. C. use 0.8 fewer units of capital. D. use 5 fewer units of capital.

Answers

Answer: C. use 0.8 fewer units of capital.

Explanation:

The Marginal Rate of Technical Substitution (MRTS) shows how much you can decrease capital or labor by in order to keep production constant if you increase either capital or labor.

It is calculated by the formula:

= Marginal product of labor  / Marginal product of capital

= 4 / 5

= 0.8

The firm should use 0.8 fewer units of capital in order to maintain the same production level.

Mawson Lumber uses the high­–low method to estimate electricity cost, which varies in relation to machine hours. Based on the following data, how would the cost function be stated if ‘X' is the number of machine hours? Electricity expense Machine hours June $495 410 July $500 400 August $750 900 September $610 500 Group of answer choices $525 + $0.35 X $300 + $0.50 X $500 + $0.50 X $470 + $0.35 X

Answers

Answer:

Part 1

The electricity cost, which varies in relation to machine hours is $0.50

Part 2

The Cost function will be :

$300 + $0.50 X

Explanation:

High-low method is used to separate the variable and fixed cost element of a mixed cost or semi variable expense.

Step 1 : Determine the variable cost

Variable Cost = ($750 - $500) ÷ (900 - 400)

                       = $0.50

Step 2 : Determine the fixed cost

Total Cost = Variable Cost + Fixed Cost

hence,

Fixed Cost = Total Cost - Variable Cost

using the high point to substitute in the formulae we get :

Fixed Cost = $750 - ($0.50 x 900)

                  = $300

thus,

Total Cost = $300 + $0.50 x

8. In the short run, there is a negative relationship between inflation and employment. A: True B. False​

Answers

Answer: False

In the short-run, inflation and unemployment are inversely related; as one quantity increases, the other decreases. In the long-run, there is no trade-off. In the 1960's, economists believed that the short-run Phillips curve was stable.

Explanation:

https://courses.lumenlearning.com/boundless-economics/chapter/the-relationship-between-inflation-and-unemployment/

If budgeted beginning inventory is $8,300, budgeted ending inventory is $9,400, and budgeted cost of goods sold is $10,260, budgeted purchases should be: Group of answer choices $9,160 $11,360 $1,960 $860 $1,100

Answers

Answer: $11,360

Explanation:

Budgeted cost of goods sold = Budgeted beginning inventory + Budgeted purchases - Budgeted ending inventory

10,260 = 8,300 + Budgeted purchases - 9,400

Budgeted purchases = 10,260 - 8,300 + 9,400

= $11,360

Introduction to Business class is to observe the use of groups in a large manufacturing business . The students notice that most groups are arranged by reporting relationships . Bill discovers a group of managers who have been placed together to study and recommend a course of action on a flextime schedule for employees . Jane finds that the executives of the company have formed a team consisting of themselves , some middle managers , and a few hourly employees to work on improving work processes and efficiency within the company . This group has been in existence for 5 years and is going strong . Jane's group appears to be what type of group ?
A ) Informal group.
B ) Formal group.
C ) Ad hoc committee or task force.
D) Self - managing group.

Answers

Answer:

B). Formal Group

Explanation:

'Formal Group' is characterized as the work groups in which people work together to ensure the effective and efficient attainment of the desired goals. In the given situation, Jane's group would be characterized as a 'formal group' because in that group, different individuals come together from different sectors or departments(executives, managers, employees) and every individual is assigned with a set of responsibilities to be fulfilled so that the desired results(enhancement of the work processes and ensuring efficiency) are attained. Thus, option B is the correct answer.

aner, Harris & Chan is a consulting firm that specializes in information systems for medical and dental clinics. The firm has two offices—one in Chicago and one in Minneapolis. The firm classifies the direct costs of consulting jobs as variable costs. A contribution format segmented income statement for the company’s most recent year is given: Assume that Minneapolis’ sales by major market are: Market Minneapolis Medical Dental Sales $ 600,000 100 % $ 400,000 100 % $ 200,000 100 % Variable expenses 360,000 60 % 260,000 65 % 100,000 50 % Contribution margin 240,000 40 % 140,000 35 % 100,000 50 % Traceable fixed expenses 72,000 12 % 20,000 5 % 52,000 26 % Market segment margin 168,000 28 % $ 120,000 30 % $ 48,000 24 % Common fixed expenses not traceable to markets 18,000 3 % Office segment margin $ 150,000 25 % The company would like to initiate an intensive advertising campaign in one of the two market segments during the next month. The campaign would cost $8,000. Marketing studies indicate that such a campaign would increase sales in the Medical market by $70,000 or increase sales in the Dental market by $60,000. Required: 1. How much would the company's profits increase (decrease) if it implemented the advertising campaign in the Medical Market? 2. How much would the company's profits increase (decrease) if it implemented the advertising campaign in the Dental Market? 3. In which of the markets would you recommend that the company focus its advertising campaign?

Answers

Answer:

1. $ 136,500

2. $70000

3. Medical market

Explanation:

1. Calculation to determine How much would the company's profits increase (decrease) if it implemented the advertising campaign in the MEDICAL MARKET

First is to calculate the sales

Sales = (400 000 + 70 000)

Sales = $470 000

Second step is to calculate the profit

Variable cost =$470 000 *65%

Variable cost=$305 500

Contribution =$470 000*35%

Contribution =$164,500

Fixed Expense= $28 000

Profit = $ 136,500

Now let calculate the Difference made by advertisement

Difference = 136500 - 120000

Difference=16500

2. Calculation to determine How much would the company's profits increase (decrease) if it implemented the advertising campaign in the

DENTAL MARKET

vcr Of The Dental market = 50%

Variable cost =50% $260 000

Variable cost = $130 000

Contribution = $130 000

Fixed expenses = $60 000

Profit = $70000

Now let determine difference made by the advertisement

Difference =(70000) - 48000

Difference= 22000

3. Based On the above calculation the markets I would recommend that the company focus its advertising campaign is medical market

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