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2 years ago

Molson-Coors Brewing Company (TAP) reported the following operating information for a recent year (in millions):

Business

1 answer:

Dahasolnce [82]2 years ago

7 0

Answer:

1)Break Even Sales Volume in Units=105.789067 million barrels

2))Break Even Sales Volume in Units=114.0512569 million barrels

Explanation:

Break Even Sales Volume in Units= Fixed Costs/ Contribution Margin per unit

Given

Molson-Coors

 All figures in millions

Sales $3,568

Cost of goods sold (2,164)

Gross profit $1,404

Marketing, general, and admin. expenses (1,052)

Operating income $352

Molson-Coors

All figures in millions

Sales $3,568

Variable Cost of goods sold (2,164)*70%= (15,14.8)

Variable Marketing, general, and admin. expenses (1,052) *40%= (600.8)

Contribution Margin $1,452.4

Fixed Cost of Goods Sold 649.2

Marketing, general, and admin. expenses (1,052) *60%= $ 631.2

Operating income $172

Break Even Sales Volume in Units= Fixed Costs/ Contribution Margin per unit

When Fixed Costs are not increased in the current year.

Break Even Sales Volume in Units= 649.2+631.2/12.1033 (millions)

1)Break Even Sales Volume in Units=105.789067 millions barrels

When Fixed Costs are increased in the following year.

Break Even Sales Volume in Units= 649.2+631.2+ 100/12.1033 (milions)

2))Break Even Sales Volume in Units=114.0512569 millions barrels

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The fact that one department may be labor intensive while another department is machine intensive explains in part why multiple

cricket20 [7]

Answer:

True

Explanation:

Overhead is the total of indirect cost that is involved in the production of a good. An overhead could be made up of a budgeted cost or actual cost. Overhead is appropriate when it does not exceed 35% of the total revenue.

Because a large company could produce different goods, those goods undergo different process and as result of that, require different costs of production.

For this reason, departmental overhead rates are calculated to ensure that every part of the company has its own production cost and expenses set aside rather than having a general or single company overhead rate which could favor some departments and not favor some other departments.

Cheers.

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2 years ago

Planter Corporation used debentures with a par value of $566,000 to acquire 100 percent of Sorden Company's net assets on Januar

loris [4]

Answer:

$78,000

Explanation:

The journal entry is shown below:

Cash & Receivables A/c Dr $53,000

Inventory A/c Dr $203,000

Land A/c Dr $109,000

Plant & Equipment A/c Dr $310,000

Discount on Bonds payable A/c Dr $16,000 ($566,000 - $550,000)

To Account payable $47,000

To Bond payable $566,000

To gain on purchase $78,000

(Being the exchange is recorded and the balancing figure is credited to gain on purchase account)

The computation of gain on purchase account would be

= Fair value of assets - fair value of account payable - fair value of the bonds issued by Planter

= $675,000 - $47,000 - $550,000

= $78,000

Note: The land historical cost and fair value is $62,000 and $109,000 respectively

This information is not given in the question

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2 years ago

You have a job at a real-estate agency in the small country of Dystopia, where you are paid 72,000 marks (the currency of Dystop

slamgirl [31]

Answer:

The total amount you pay in social insurance taxes on your second job is 2,914.65 couches

Explanation:

The computation of the total amount paid is shown below:

= (Total income - paid amount) × Social insurance tax rate

= ($110,100 - $72,000) × 7.65%

= 2,914.65 couches

We simply have taken the difference between the total amount and the paid amount and then multiply it with the social insurance tax rate

All other information is not relevant. Hence, ignored it

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2 years ago

Having a greater pool of knowledge, gaining different perspectives, gaining intellectual stimulation, having a better understand

frozen [14]

Answer:

The correct answer is letter "A": group decision making.

Explanation:

Group decision making allows members to share individual experiences among the team. The team usually starts by brainstorming ideas on their tasks so the path they will follow is decided by the majority of them. These types of actions create a sense of justice in the group that later will be translated into commitment with the path taken. Besides, as the team members elected that path by themselves, they are likely to have a deeper understanding of what they are looking for the result of the work to be.

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2 years ago

Lott Company uses a job order cost system and applies overhead to production on the basis of direct labor costs. On January 1,20

diamong [38]

Answer:

Estimated manufacturing overhead rate= $42 per direct labor hour.

Explanation:

Giving the following information:

Calculate the predetermined overhead rate for 2020, assuming Lott Company estimates total manufacturing overhead costs of $ 882,000, direct labor costs of $735,000, and direct labor hours of 21,000 for the year.

Estimated manufacturing overhead rate= total estimated overhead costs for the period/ total amount of allocation base

Estimated manufacturing overhead rate= 882,000/21,000= $42 per direct labor hour.

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2 years ago