Bricktan Inc. makes three products, basic, classic, and deluxe. The maximum Bricktan can sell is 721,000 units of basic, 468,000 units of classic, and 180,000 units of deluxe. Bricktan has limited production capacity of 114,000 hours. It can produce 10 units of basic, 8 units of classic, and 4 units of deluxe per hour. Contribution margin per unit is $15 for the basic, $25 for the classic, and $55 for the deluxe. What is the most profitable sales mix for Bricktan Inc.

Answers

Answer 1

Answer:

Profitable sales mix :

Deluxe - 180,000 units,

Classic - 58,500 units,

Basic- 365,000 units

Explanation:

When a business is faced with a problem of shortage of a resource which can be used to produced more than one product type, to maximize the use of the resource , the business should allocate the scare resource for production purpose in such a way that it maximizes the contribution per unit of the scare resource.

The labour hours required per unit of scarce resource=

Basic    = 1/10 hr=  0.10

Classic =1/8 hr    = 0.13          

Deluxe= 1/4  hr   = 0.25

                                                  Basic               Classic           Deluxe

Contribution per  unit                  15                       25                 55

Hour per unit                             0.10                     0.13               0.25

Contribution per hour              150                       200                220

Product         Unit                                         Hours used

Deluxe        180,000    180000×  0.25         45,000

Classic         468,000   468,00×   0.13          58,500

Basic            365,000**    365,000×0.10       36,500*

Total hours                                                        140,000

*   = 140,000 - 45,000-58500= 36,500 hours

**  = 36,500 hours/0.1 hour = 365,000 units

Units to be produced = 36,500/0.10= 365,000 units

Profitable sales mix :

Deluxe - 180,000 units,

Classic - 58,500 units,

Basic- 365,000 units

 


Related Questions

Fabrick Company's quality cost report is to be based on the following data: Lost sales due to poor quality $ 78,000 Quality data gathering, analysis, and reporting $ 23,000 Net cost of spoilage $ 88,000 Re-entering data because of keying errors $ 98,000 Test and inspection of in-process goods $ 24,000 Final product testing and inspection $ 78,000 Statistical process control activities $ 49,000 Returns arising from quality problems $ 16,000 Downtime caused by quality problems $ 26,000 What would be the total appraisal cost appearing on the quality cost report

Answers

Answer:

$102,000

Explanation:

Calculation to determine What would be the total appraisal cost appearing on the quality cost report

Using this formula

Total appraisal cost=Test and inspection of in-process goods + Final product testing and inspection

Let plug in the formula

Total appraisal cost=$ 24,000+$78,000

Total appraisal cost=$102,000

Therefore What would be the total appraisal cost appearing on the quality cost report is $102,000

Coronado Industries is constructing a building. Construction began on January 1 and was completed on December 31. Expenditures were $6370000 on March 1, $5280000 on June 1, and $8650000 on December 31. Coronado Industries borrowed $3170000 on January 1 on a 5-year, 13% note to help finance construction of the building. In addition, the company had outstanding all year a 11%, 3-year, $6350000 note payable and an 12%, 4-year, $12350000 note payable. What are the weighted-average accumulated expenditures

Answers

Answer:

Coronado Industries

The weighted-average accumulated expenditures are:

= $8,388,333.

Explanation:

a) Data and Calculations:

Amount borrowed on June 1 = $3,170,000

Interest rate = 13%

Outstanding 11% 3-year note payable = $6,350,000

Outstanding 12% 4-year note payable = $12,350,000

Date               Expenditure      Weight     Weighted-Average

                                                                       Expenditure

March 1          $6,370,000         10/12                $5,308,333

June 1            $5,280,000          7/12                  3,080,000

December 31 $8,650,000         0/12                    0

Weighted-average accumulated expenditure $8,388,333

Behavioral finance is the study of:_________.
a. how investors react to accounting-based profit fluctuations.
b. how investors react to interest rates and foreign currency fluctuations.
c. how investors react to certain ways to diversify a portfolio.
d. how investors react to the amount of risk versus the amount of return in securities.

Answers

Answer:

D). how investors react to the amount of risk versus the amount of return in securities.

Explanation:

Behavioral finance can be regarded as study involving influence of psychology on investors behavior as well as financial analysts. encompass effects that comes after this on the markets. It explains that investors cannot always described as rational. It should be noted that the Behavioral finance is the study of how investors react to the amount of risk versus the amount of return in securities.

Indicate what components of GDP (if any) each of the following transactions would affect.
Transaction Consumption Investment Government Net
Purchases Exports
a. Dell sells a desktop computer from its
inventory to the Johnson family.
b. Your parents buy a bottle of French wine.
c. Honda expands its factory in Ohio.
d. California hires workers to repave Highway 101.
e. The federal government sends your grandmother
a Social Security check.
f. You pay a hairdresser for a haircut.
g. Your parents buy a new house from a local builder.
h. Uncle Henry buys a new refrigerator from a domestic
manufacturer.

Answers

Answer:

a. Dell sells a desktop computer from its inventory to the Johnson family.

Component of GDP to be affected: Consumption

b. Your parents buy a bottle of French wine.

Component of GDP to be affected: Consumption

c. Honda expands its factory in Ohio.

Component of GDP to be affected: Investment

d. California hires workers to repave Highway 101.

Component of GDP to be affected: Government Purchases

e. The federal government sends your grandmother a Social Security check.

Component of GDP to be affected: No impact

f. You pay a hairdresser for a haircut.

Component of GDP to be affected:

g. Your parents buy a new house from a local builder.

Component of GDP to be affected: Consumption

h. Uncle Henry buys a new refrigerator from a domestic manufacturer.

Component of GDP to be affected: Consumption

Partial balance sheets and additional iformation are listed below for Sowell Company.
SOWELL COMPANY
Partial Balance Sheets
as of December 31
Assets 2011 2010
Cash $40,000 $20,000
Accounts Receivable 70,000 85,000
Inventory 40,000 35,000
Liabilities
Accounts Payable $54,000 $62,000
Additional Information:
Net income was $88,000.
Depreciation expense was $19,000.
REQUIRED: Prepare the operating activities section of the statement of cash flows for 2011 using the indirect method.

Answers

Answer and Explanation:

The preparation of the operating activities section is presented below

Cash Flows from operating activities

Net Income $88,000

Adjustment made for non cash items:                  

Depreciation Expense $19,000

Add: Decrease in Account Receivable $15000 ($70,000 - $85,000)

Less: Increase in Inventory   $(5000) ($40,000 - $35,000)

Less: Decrease in accounts payable   $(8000) ($54,000 - $62,000)

Net cash flows from operating activities        $109,000

Which facilities or amenities are most commonly available on a cruise chip?

Answers

Answer:

Generally, all cruise ship amenities have dining, entertainment, shopping or sporting facilities. There are bars and lounges as well, with some ships providing casinos and other adult-themed entertainment facilities.

Explanation:

g The liquidity trap refers to the situation where Multiple Choice the Fed adds excess reserves to the banking system, but it has minimal positive effect on lending, investment, or aggregate demand. excessive consumer debt limits the growth in consumer spending necessary to bring the economy out of recession. the public debt is so large that federal borrowing drives up interest rates and discourages private sector spending. a financial crisis causes a run on banks and the elimination of billions in excess reserves.

Answers

Answer:

The Fed adds excess reserves to the banking system, but it has minimal positive effect on lending, investment, or aggregate demand

Explanation:

liquidity trap can be regarded as a case whereby monetary policy becomes ineffective as a result of very low interest rates, and activities of

consumers, whereby consumer will prefer saving their money instead of

investing it in some investment as well as higher-yielding bonds. It should be noted that the The liquidity trap refers to the situation where The Fed adds excess reserves to the banking system, but it has minimal positive effect on lending, investment, or aggregate demand

A trial balance before adjustment included the following:

Debit Credit
Accounts receivable $133,000
Allowance for doubtful accounts $1,080
Sales 471,000
Sales returns and allowances 5,200

Required:
Prepare journal entries assuming that the estimate of uncollectible is determined by taking (1) 4% of gross accounts receivable.

Answers

debit or credit hehehe

Desert Company issued $3,158,061 of 12% bonds on January 1, 2021. The market rate of interest at that time was 9%. The bonds pay interest quarterly each March 31, June 30, September 30, and December 31. What is the amount of the cash payment Desert is legally obligated to pay its creditor each quarter?

Answers

Answer:

Quarterly Interest Payment = $94741.83

Explanation:

The amount of interest payment made by coupon bonds depends on the coupon rate they carry regardless of what the interest rate in market is. Thus Desert will have to pay annual coupon rate of 12% of the face value of the bond. However, as the coupon payments are made quarterly, the quarterly interest that will be paid by Desert will be,

Quarterly Interest Payment = 3158061 * 12% * 1/4  

Quarterly Interest Payment = $94741.83

A company issues the following bonds on June 1, 2002. Series A (counts as two) Series B $50 million BBB June 1, 2030 June 1, 2008 100 Par Value Rating Maturity Call date Call price $50 million BBB June 1, 2030 Non-callable -- If both bonds have the same market liquidity, the yield-to-maturity on the Series A bond should be [ ] than yield-to-maturity on Series B bond. a) higher b) lower c) the same d) either higher or lower(depending notherfactors)

Answers

Answer: a. Higher

Explanation:

Series A is a callable bond which means that the company will be able to buy it back after a certain period of time at a price dictated in the contract.

This provision is an advantage to the Issuer but not the investors so the Issuer will have to pay the investors more to get them to buy the bond even with the presence of this provision.

This additional payment will come in the form of a higher yield. This is why callable bonds have higher yields than non-callable comparable bonds.

The likelihood that a decision maker will ever receive a payoff precisely equal to the EMV when making any one decision is: a. Low (near 0%) b. High (near 100%) c. Dependent on the number of alternatives d. Dependent upon the number of states of nature 3 points

Answers

Answer: low (near 0%)

Explanation:

The expected monetary value(EMV) simply refers to the amount of money that an economic agent can expect to make based on a particular decision that's made.

It should be noted that the likelihood that a decision maker will be able to receive a payoff that is exactly as thesame as the EMV when a decision is being made will be near to zero as it's very low that it'll happen.

Nordstrom, Inc. operates department stores in numerous states. Suppose selected financial statement data (in millions) for 2020 are presented below. End of Year Beginning of Year Cash and cash equivalents $ 1,285 $ 122 Accounts receivable (net) 3,500 3,300 Inventory 1,500 1,500 Other current assets 555 515 Total current assets $6,840 $5,437 Total current liabilities $3,420 $2,722 For the year, net credit sales were $13,940 million, cost of goods sold was $9,000 million, and net cash provided by operating activities was $1,254 million. Compute the current ratio, accounts receivable turnover, average collection period, inventory turnover, and days in inventory at the end of the current year. (Round answers to 1 decimal place, e.g. 1.6.)

Answers

Answer:

a. Current ratio = Total current assets/Total current liabilities

Current ratio = $6,840/$3,420

Current ratio = 2 : 1

b. Accounts receivable turnover = Net credit sales / [Net beginning accounts receivables + Net ending accounts receivables / 2]

Accounts receivable turnover = $13,940 / [$3,300+$3,500/2]

Accounts receivable turnover = $13,940 / $3,400

Accounts receivable turnover = 4.1 times

c. Average collection period = 365 / Accounts receivables turnover

Average collection period = 365 / 4.1

Average collection period = 89.0244

Average collection period = 89 days

d. Inventory turnover = Cost of goods sold / [Beginning inventory+Ending inventory/2]

Inventory turnover = $9,000 / [$1,500+$1,500/2]

Inventory turnover = $9,000 / $1,500

Inventory turnover = 6 times

e. Days in inventory at the end of the current year = 365 / Inventory turnover

Days in inventory at the end of the current year = 365 / 6

Days in inventory at the end of the current year = 60.8333

Days in inventory at the end of the current year = 61 days

Which could argue that a programmer deserves to have his/her work protected by a copyright purely as a result of his/her inalienable right to try to reap the benefits from his/her labor?

Answers

Answer:

What

Explanation:

Kennedy Inc. has the following data for its operation in August: Increase in direct materials inventory 100 Sets Direct materials purchased (AQ) 1,600 Sets Finished goods manufactured 700 units Direct materials purchase-price variance $ 400 Favorable Budgeted Finished goods to manufacture 800 Units Direct materials purchases 2,000 Sets Direct materials per unit of finished goods 2 Sets Direct materials price per set (SP) $ 3.60 What was the actual purchase price (AP) per set of direct materials purchased (to two decimal places)

Answers

Answer:

Actual price= $1.6 per unit

Actual price= $3.2 per set

Explanation:

To calculate the actual price, we need to use the following formula:

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

400= (1.8 - actual price)*2,000

400= 3,600 - 2,000actual price

2,000actual price = 3,200

actual price= $1.6 per unit

Which of the following is incorrect?
a. Future value means earning interest on interest.
b. External equity and dividends can be used as plug variables in a financial plan.
c. A financial plug variable is the designated source of external financing needed to deal with any shortfall or surplus in financing and thereby bring the balance sheet into balance.
d. There are two primary mechanisms for electing directors: cumulative voting and straight voting.
e. The rate required in the market on a bond is the yield to maturity.

Answers

Answer:

b. External equity and dividends can be used as plug variables in a financial plan.

Explanation:

When the external equity and dividend is applied like the plus variables in the financial plan so as a plug variable it represent the external financing source i.e. dividend that required to deal with any deficit or surplus in the financing and the external equity is not a source of the external financing

Therefore the option b is considered

Pizza ltd. leased equipment from Tasty Company under a four-year lease requiring equal annual payments of sh.86, 038, with the first payment due at lease inception. The lease does not transfer ownership, nor is there a bargain purchase option. The equipment has a 4-year useful life and no residual value. If Pizza ltd.’s incremental borrowing rate is 10% and the rate implicit in the lease (which is known by Pizza ltd.) is 8%, what is the amount recorded for the leased asset at the lease inception?

Answers

Answer:

Sh. 300,001.60

Explanation:

Note: Missing word has been attached

Particulars                                                     Amount

Annual payments                                          86,038

x PV Annuity due 8%, 10 periods                 3.48685

Amount recorded for the leased asset      300,001.60

Yahir wants to become an Actor. What are the most helpful examples of milestones for this goal? Check all that apply.

taking an acting class
running a race
taking a science class
learning how to cook
participating in a school play
auditioning for a part in a television show

Answers

The helpful examples of milestones for becoming an actor includes:

taking an acting classparticipating in a school play auditioning for a part in a television show

Who is an actor?

An actor means someone who profession is based on acting on the stage, films, television etc.

The helpful examples of milestones for becoming an actor includes taking an acting class, participating in a school play  and auditioning for a part in a television show.

Therefore, the Option A, E and F is correct.

Read more about Actor skills

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For the current fiscal year, Purchases were $350,000, Purchases Returns and Allowances were $5,000 and Freight In was $29,000. If the
beginning merchandise inventory was $210,000 and the ending merchandise inventory was 595,000, the Cost of Goods Sold is:

Answers

Answer:

212,000

Explanation:

Consider a market with two​ firms, Kellogg and​ Post, that sell breakfast cereals. Both companies must choose whether to charge a high price ​($​) or a low price ​($​) for their cereals. These price​ strategies, with corresponding​ profits, are depicted in the payoff matrix to the right.​ Kellogg's profits are in red and​ Post's are in blue. What is the cooperative equilibrium for this​ game?

Answers

Answer:

Both the two companies to choose a price of $4.50

Explanation:

Based on the information given we were told that the two companies have to choose whether they will charge either a price that is high or a price that is low for their cereals which means that the two companies COOPERATIVE EQUILILBRIUM for this game is that both the two companies have to choose a price of the amount of $4.50 which represent the high price.

After graduating from UCF, you plan to purchase a small condominium for $100,000. You will be required by the bank to put a down payment of 10% of the purchase price. You plan to finance the loan for 30 years. Assume monthly payments and a nominal rate (monthly compounding) of 3%. What percentage of the first 25 payments goes toward paying principal

Answers

Answer:

Percentage of the first 25 payments goes toward paying principal is 41.95%.

Explanation:

Note: See the attached excel file for the amortization schedule for the first 25 months.

In the attached excel file, the monthly is calculated using the formula for calculating the present value of an ordinary annuity as follows:

PV = P * ((1 - (1 / (1 + r))^n) / r) …………………………………. (1)

Where;

PV = Present value or the balance to pay = Cost * (100% - Percentage of down payment) = $100,000 * (100% - 10%) = $90,000

P = Monthly payment = ?

r = Monthly interest rate = Nominal rate / 12 = 3% / 12 = 0.25%, or 0.0025

n = number of months to repay = 30 years * 12 months = 360

Substitute the values into equation (1) and solve for P, we have:

$90,000 = P * ((1 - (1 / (1 + 0.0025))^360) / 0.0025)

$90,000 = P * 237.189381504283

P = $90,000 / 237.189381504283

P = $379.44

From the attached excel file, we have:

Total payment for the first 25 months = $9,486.09

Total repayment of principal for the first 25 months = $3,979.17

Therefore, we have:

Percentage of the first 25 payments goes toward paying principal = (Total repayment of principal for the first 25 months / Total payment for the first 25 months) * 100 = ($3,979.17 / $9,486.09) * 100 = 41.95%

Piedmont Company segments its business into two regions—North and South. The company prepared the contribution format segmented income statement as shown: Total Company North South Sales $ 825,000 $ 550,000 $ 275,000 Variable expenses 495,000 385,000 110,000 Contribution margin 330,000 165,000 165,000 Traceable fixed expenses 156,000 78,000 78,000 Segment margin 174,000 $ 87,000 $ 87,000 Common fixed expenses 69,000 Net operating income $ 105,000 Required: 1. Compute the companywide break-even point in dollar sales. 2. Compute the break-even point in dollar sales for the North region. 3. Compute the break-even point in dollar sales for the South region. (For all requirements, round your intermediate calculations to 2 decimal places. Round your final answers to the nearest dollar.)

Answers

Answer:

Piedmont Company

1. Companywide break-even point in dollar sales

= $562,500

2. Break-even point in dollar sales for the North region

= $260,000

3. Break-even point in dollar sales for the South region

= $130,000

Explanation:

a) Data and Calculations:

Contribution format segmented income statement:

                                               Total Company       North          South

Sales                                           $ 825,000     $ 550,000    $ 275,000

Variable expenses                        495,000        385,000         110,000

Contribution margin                     330,000         165,000        165,000

Traceable fixed expenses            156,000           78,000         78,000

Segment margin                           174,000        $ 87,000      $ 87,000

Common fixed expenses             69,000

Net operating income              $ 105,000

Contribution margin ratio = Contribution margin/Sales

=  $330,000/$825,00 = 0.40

For the north = $165,000/$550,000 = 0.30

For the south = $165,000/$275,000 = 0.60

Break-even point in dollar sales = Fixed cost/Contribution margin ratio

Companywide break-even point in dollar sales = $225,000/0.40

= $562,500

Break-even point in dollar sales for the North region = $78,000/0.30

= $260,000

Break-even point in dollar sales for the South region = $78,000/0.60

= $130,000


A company had total liabilities of $275,000 and the owner’s equity was $1,722,000. According to the fundamental accounting equation, total assets must be:

Answers

Answer:

1,997,000

Explanation:

Assets = Liabilities + Owners Equity

Assets=275,0000 + 1,722,000

Assets = 1,997,000

The management of Penfold Corporation is considering the purchase of a machine that would cost $270,000, would last for 5 years, and would have no salvage value. The machine would reduce labor and other costs by $60,000 per year. The company requires a minimum pretax return of 12% on all investment projects. The net present value of the proposed project is closest to:______.
a. $(11,700).
b. $(53,700).
c. $(269,997).
d. $(113,700).

Answers

Answer:

The correct answer is B.

Explanation:

Giving the following information:

Initial investment= $270,000

Cash flow= $60,000

Number of years= 5

Discount rate= 12%

To calculate the net present value (NPV), we need to use the following formula:

NPV= -Io + ∑[Cf/(1+i)^n]

∑[Cf/(1+i)^n]:

Cf1= 60,000/1.12= 53,571.43

Cf2= 60,000/1.12^2= 47,831.63

.....

Cf5= 60,000/1.12^5= 34,045.61

∑[Cf/(1+i)^n]= 216,286.57

Now, the NPV:

NPV= -270,000 + 216,286.57

NPV= -53,713.43

Absorption and Variable Costing Comparisons: Production Equals Sales Assume that Smuckers manufactures and sells 30,000 cases of peanut butter each quarter.
The following data are available for the third quarter of 2017.
Total fixed manufacturing overhead.......................................................90,000
Fixed selling and administrative expenses........... .. . .. . .. . . . . .. . . . . . 20,000
Sale price per case..................................................................................32
Direct materials per case .......................................................................15
Direct labor per case ........................................................................6
Variable manufacturing overhead per case ..........................................3
a. Compute the cost per case under both absorption costing and variable costing.
b. Reconcile any differences in income. Explain.
c. Compute te net income under both absorption costing and variable costing.

Answers

Answer:

a. Cost per case under Absorption costing:

= Direct materials per case + Direct labor per case + Variable manufacturing overhead per case + Fixed manufacturing overhead per case

= 15 + 6 + 3 + 90,000/ 30,000 cases

= $27

Cost per case under Variable costing:

= Direct materials per case + Direct labor per case + Variable manufacturing overhead per case

= 15 + 6 + 3

= $24

b. First we need to calculate income under both methods:

Under Absorption costing:

= Sales - Cost of goods sold - Selling and Admin expenses

= (30,000 cases * 32) - (30,000 * 27) - 20,000

= $130,000

Under Variable Costing:

= Sales - Cost of Goods sold - Fixed manufacturing overhead - Selling and Admin expenses

= (30,000 * 32) - (30,000 * 24) - 90,000 - 20,000

= $130,000

There is no difference in income because the cases manufactured equals the cases sold.

Coronado Industries received proceeds of $122200 on 10-year, 6% bonds issued on January 1, 2020. The bonds had a face value of $130000, pay interest annually on December 31, and have a call price of 101. Coronado uses the straight-line method of amortization. What is the amount of interest Coronado must pay the bondholders in 2020

Answers

Answer:

$7,800

Explanation:

Calculation to determine the amount of interest Coronado must pay the bondholders in 2020

Using this formula

Interest=Bonds issued percentage*Bonds face value

Let plug in the formula

Interest=6%*$130,000

Interest=$7,800

Therefore the amount of interest Coronado must pay the bondholders in 2020 is $7,800

Fleming Company provided the following information on selected transactions during 2021: Dividends paid to preferred stockholders $ 500,000 Loans made to affiliated corporations 1,400,000 Proceeds from issuing bonds 1,600,000 Proceeds from issuing preferred stock 2,100,000 Proceeds from sale of equipment 800,000 Purchases of inventories 2,400,000 Purchase of land by issuing bonds 600,000 Purchases of treasury stock 1,200,000 The net cash provided (used) by financing activities during 2021 is

Answers

Answer:

$2,000,000

Explanation:

Calculation to determine what The net cash provided (used) by financing activities during 2021 is

Using this formula

Net cash provided (used) by financing activities=(Dividends paid to preferred stockholders)+Proceeds from issuing bonds+Proceeds from issuing preferred stock+(Purchases of treasury stock )

Let plug in the formula

Net cash provided (used) by financing activities=($ 500,000) +$1,600,000 + $2,100,000 + ($1,200,000)

Net cash provided (used) by financing activities=$2,000,000

Therefore The net cash provided (used) by financing activities during 2021 is $2,000,000

last year, cayman corporation had sales of $26 million, total variable costs of $15 million, and total fixed costs of $5,000,000. in addition, they paid $4 million in interest to bondholders. cayman has a marginal tax rate of 21 percent. if cayman's sales increase by 15%, what should be the increase in operating income

Answers

Answer:

Cayman Corporation

The increase in operating income is 27.5% (or $1.65 million).

Explanation:

a) Data and Calculations:

Sales last year =       $26 million

Total variable costs     15 million

Contribution margin  $11 million

Fixed costs                   5 million

Operating income     $6 million

Bondholders' interest 4 million

Income before tax    $2 million

Income taxes (21%)    0.42 million

Net income              $1.58 million

                                    Last Year   Increase by 15%

Sales revenue =       $26 million     $29.9 million

Total variable costs     15 million        17.25 million

Contribution margin  $11 million     $12.65 million

Fixed costs                   5 million         5.0 million

Operating income     $6 million       $7.65 million    $1.65 m or 0.275

Bondholders' interest 4 million         4.0 million

Income before tax    $2 million         3.65 million

Income taxes (21%)    0.42 million    0.7665 million

Net income              $1.58 million     2.8835 million = 82.5%

Boenisch Corporation produces and sells a single product with the following characteristics: The company is currently selling 8,000 units per month. Fixed expenses are $406,000 per month. Management is considering using a new component that would increase the unit variable cost by $3. Since the new component would increase the features of the company's product, the marketing manager predicts that monthly sales would increase by 400 units. What should be the overall effect on the company's monthly net operating income of this change

Answers

Answer: Increase by $2,000

Explanation:

Current net operating income is:

= Contribution margin - Fixed costs

= (68 * 8,000) - 406,000

= $138,000

If component is added, Variable cost increases by $3 to $105. New contribution margin is:

= 170 - 105

= $65

Units sold increases by 400 to 8,400.

Net operating income becomes:

= (65 * 8,400) - 406,000

= $140,000

Net operating income increased by:

= 140,000 - 138,000

= $2,000

Minors are liable for the reasonable value of the necessary:______.
a. actually furnished.
b. that they agreed to purchase.
c. that their parents agreed to pay for.
d. all of these.

Answers

Answer:

b. that they agreed to purchase.

Explanation:

A minor is a person who is under the age of 18 and unable to make decision on his own such as mentally impaired or incompetent persons .

A minor cannot enter a contract like adults but if under any circumstance they enter into a contract of sale purchase of daily goods like clothing etc, they are liable to pay the price which they agreed to pay.

Their parents are liable only if the contract was made according to the parent's will etc.

If the minor is unable to pay the agreed amount then the minor should return the goods or fulfill any other liability as imposed by the court of law.

During 2019, Coronado Industries expected Job No. 26 to cost $300000 of overhead, $500000 of materials, and $200000 in labor. Coronado applied overhead based on direct labor cost. Actual production required an overhead cost of $370000, $610000 in materials used, and $260000 in labor. All of the goods were completed. What amount was transferred to Finished Goods?

Answers

Answer:

See below

Explanation:

Given the above information, first we will compute the predetermined overhead rate

Predetermined overhead rate

= Estimated manufacturing overhead / Estimated labor

= $300,000/$200,000

= 1.5

The next step is to apply the

= [(1.5 × $260,000) + $260,000 + $610,000]

= $390,000 + $260,000 + $610,000

= $1,260,000

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