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2 years ago

Shelhorse Corporation produces and sells a single product. Data concerning that product appear below:

Business

1 answer:

zloy xaker [14]2 years ago

5 0

Answer:

See explanation section.

Explanation:

Requirement 1

At first we have to find the original net income.

Shelhorse Corporation

Contribution format income statement

For the year ended, December 31, 20YY

Sales Revenue (6,100 × $260) = $1,586,000

Less: Variable expense (6,100 × $91) = $555,100

Contribution Margin = $1,030,900

Less: Fixed Expense $366,000

Net Operating Income = $664,900

Requirement 2

As the marketing manager believes that a $23,000 increase in the monthly advertising budget would result in a 150 unit increase in monthly sales, the new sales volume = 6,100 + 150 = 6,250 and new fixed expense = $366,000 + $23,000 = $389,000

Shelhorse Corporation

Contribution format income statement

For the year ended, December 31, 20YY

Sales Revenue (6,250 × $260) = $1,625,000

Less: Variable expense (6,250 × $91) = $568,750

Contribution Margin = $1,056,250

Less: Fixed Expense = $389,000

Net Operating Income = $667,250

The effect on the company's monthly net operating income of this change = $667,250 - $664,900 = $2,350

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Fickel Company has two manufacturing departments—Assembly and Testing & Packaging. The predetermined overhead rates in Assem

vodka [1.7K]

Answer:

Total cost= $753.75

Explanation:

Giving the following information:

The predetermined overhead rates:

Assembly= $13 per direct labor-hour

Testing & Packaging= $9.00 per direct labor-hour.

The company’s direct labor wage rate is $16.00 per hour.

Job N-60:

Assembly;

DM= 340

DL=180

Testing & Packaging:

DM= 25

DL= 40

To calculate the overhead applied to each department, first, we need to calculate the direct labor hours:

Assembly= 180/16= 11.25 hours

Testing= 40/16= 2.5 hours

Now, we can allocate overhead:

Assembly= 11.25 hours*13= $146.25

Testing= 2.5 hours*9= $22.5

Total cost= DM + DL + Allocated overhead

Total cost= (340 + 25) + (180 + 40) + (146.25 + 22.5)= $753.75

8 0

2 years ago

Greta loses her two dogs. She puts signs all over town that offer a $50 reward for the return of her dogs. Al and Ben see the po

boyakko [2]

Answer:

Explanation:

In order for a contract to be formed, both parties must reach an agreement (usually through offer and an acceptance of terms). The offer made by Greta was a $50 reward for her missing dogs, Al and Ben agree to the contract by searching for the dogs. Since Al finds and returns one of the Dogs, Greta has an obligation to pay Al. As for Ben, since he failed to meet the terms, he should not be paid. On the other hand, since Charlie never saw the posters, there was no contract formed because he could not possibly agree to terms he was not aware, and Greta has no legal obligation to pay Charlie.

Therefore, Greta has a legal obligation to pay Al.

3 0

2 years ago

Sebastian, an employee, understands that he has great potential after taking a self-assessment test at his company. He decides t

tiny-mole [99]

<h2>Sebastian is employing <u>Goal setting</u> as a mechanism of career management.</h2>

Explanation:

<u>Goal setting:</u>

Serve as a base for "Human resource Planning"

It is proven that those employees who have goal setting will show good performance on their job.
This will directly or indirectly promote the organization
We can achieve organizational goals too
Goal setting techniques are used by successful people around the world
This might even be a favorite interview questions because the HR can understand how effective the employee would be for the organization.

5 0

2 years ago

Read 2 more answers

Which idea best explains the Datasheet view?

nydimaria [60]

Answer:

a default setting for displaying all the data in a table

Explanation:

Datasheet View is default settings in Database Management System, which allows access to view the displayed data organized in columns and rows similar to an excel worksheet.

It also allow options for enter, delete or modify the data in a table.

Hence, in this case, the best idea that explains the Datasheet view is a default setting for displaying all the data in a table

3 0

2 years ago

Swiss Clothing Store had a balance in the Accounts Receivable account of $820,000 at the beginning of the year and a balance of

salantis [7]

Answer:

B. 9.0 times.

Explanation:

Accounts Receivable Turnover (ART) = Net credit sales/ Average accounts receivable

Net credit sales = <em>$7,200,000</em>

Average accounts receivable = (beginning AR - ending AR) /2

Average Accounts receivable = ($820,000 + $780,000)/2

Average AR = <em>$800,000</em>

Therefore Accounts receivable turnover = $7,200,000/800,000 = 9.0 times

4 0

2 years ago