Answer:
A.Volunteering time
Explanation:
I just took the quiz and got it right.
Inclusive and participatory management practices are the most effective in today's society. The indices show that companies that adopt this style of management achieve continuous improvements throughout the organizational process. Organizational culture focused on employee well-being ensures a positive culture and this influences them to do their job more effectively. It also increases security, pride in being part of that company, and values.
Using the high-low method, separate each mixed expense into variable and fixed elements. State the cost formula for each mixed expense. (Omit the "£" sign in your response.)
<span>Shipping Expense: </span>
<span>(86,200 - 45,900) / (5,100 - 2,000) = £13 variable cost per unit </span>
<span>86,200 - (13 x 5,100) = £19,900 fixed cost </span>
<span>£ Y = £19,900 + £13 X </span>
<span>Salaries and Commissions </span>
<span>(238,400 - 114,400) / (5,100 - 2,000) = £40 variable cost per unit </span>
<span>238,400 - (40 x 5,100) = £34,400 fixed cost </span>
<span>£ Y = £34,400 + £40 X </span>
<span>3. </span>
<span>Redo the company’s income statement at the 5,100-unit level of activity using the contribution format. (Input all amounts as positive values except losses which should be indicated by a minus sign. Omit the "£" sign in your response.) </span>
<span>Frankel Ltd. </span>
<span>Income Statement </span>
<span>For the Month Ended June 30 </span>
<span>Sales revenue 912900 </span>
<span>Variable expenses: </span>
<span>Cost of goods sold 346800 </span>
<span>Shipping expenses 5,100 x 13 = 66,300 </span>
<span>Commissions 5,100 x 40 = 204,000 </span>
<span>Contribution margin 295,800 </span>
<span>Fixed expenses: </span>
<span>Fixed shipping 19,900 </span>
<span>Insurance expenses 9000 </span>
<span>Depreciation expenses 42700 </span>
<span>Sales salaries 34,400 </span>
<span>Advertising expenses 69200 </span>
<span>Net operating Income 120600</span>
Answer and Explanation:
The computation is shown below:
1. Given that
Break even point units 115000 units
Fixed cost = $349,600
As we know that
CM per unit is
= Fixed cost ÷ Break even units
= $349,600 ÷ 115,000
= 3.04 per unit
Now
Selling price = Variable cost +CM per unit
= $4.56 + $3.04
= $7.60 per unit
2. Given that
Net Income at 15600 units is $166,000
Fixed cost = $458,000
So,
Contribution is
= $458,000 + $166,000
= $624,000
Now
CM per unit is
= $624,000 ÷ 15,600
= 40 per unit
Selling price per unit: 120
So,
Variable cost per unit is
= $120 - 40
= 80 per unit
And,
CM ratio is
= CM per unit ÷ Selling price per unit
= $40 ÷ 120 × 100
= 33.33%
3. Given that
Net Operating income = $22,500
CM ratio = 25%
Actual revenue = $235,000
So,
Contribution earned is
= $235,000 × 25%
= $58,750
Now
Fixed cost = Contribution - Net income
= $58,750 - $22,500
= $36,250
4. Given that
Variable cost ratio = 56%
Fixed cost = $103,840
Break even units= 23600 units
So,
CM per unit is
= $103,840 ÷ 23,600
= $4.40
CM ratio = 100 - 56% = 44%
And, the Selling price per unit is
= $4.40 ÷ 44%
= $10 per unit
Now
Variable cost per unit is
= $10 × 56%
= $5.60 per unit
And,
Contribution per unit is
= $10 × 44%
= $4.40 per unit
Answer:
b. jobs that are classified as part-time are jobs that can be done in a shorter amount of time than that of a full-time job, whereas job sharing creates one full-time position out of two part-time employees
Explanation:
Based on the scenario been described, we can say that the difference between part time job and job sharing is, jobs that are classified as part-time are jobs that can be done in a shorter amount of time than that of a full-time job, whereas job sharing creates one full-time position out of two part-time employees, so option b is the correct answer. In part-time job, job are done in short period of time, whereby the employee will come and do his/her job within a short period of time and leave, while job sharing is a full time job but is been shared among full time employees to do their turns.
