Answer:
Thinking on the margin will ensure that each pair of inserts produced is turning a profit. Once a profit is no longer being made on a pair of inserts, production must be cut back. Understanding these margins will also help me stay competitive in a market that is open to other producers. If additional producers enter the market, I know that I have the ability to lower prices or offer discounts while still maximizing profits.
Explanation:
Answer:
the absorption costing net operating income last year is $41,200
Explanation:
Absorption Costing Net Operating Income for last year is determined by reconciling the Variable Costing Income to Absorption Costing Income.
<u>Calculation of Absorption Costing Net Operating Income</u>
Variable Costing Income $52,400
<em>Less</em> Decrease in Inventory ( 1,400 × $8) ($11,200)
Absorption Costing Net Operating Income $41,200
Absorption Costing Net Operating Income will be <em>lower than </em>Variable Costing Income.
Answer:
Letter B is correct. <u><em>Participative.</em></u>
Explanation:
The participative leadership style is characterized by a leader whose focus is on including employees in most of the organizational decision making process. It is a type of leadership that prioritizes teams and their decisions are relevant to the point of establishing a majority vote in the company to assist in organizational issues and actions.
There are many added benefits in organizations that adopt a participatory leadership style, some of which are:
- Greater acceptance of consensus-based practices and policies. Employees feel valued and motivated to achieve organizational goals because they feel they are part of the company's achievements.
- Encourages employee creativity and collaboration in problem solving.
- Decreases turnover and turnover costs as employees choose to stay with the company to see their plans assist in organizational success.
Answer:
Markup percentage= 900%
Explanation:
Giving the following information:
I sell shoes for $250 per pair. They cost me $25 to produce.
<u>To calculate the markup percentage, we need to use the following formula:</u>
Markup percentage= [(selling price - unitary cost)/unitary cost]*100
Markup percentage= [(250 - 25)/25]*100
Markup percentage= 900%
Answer:
As per Sales Budget the budgeted sales for the quarter four are $240,000. Below is the Sales budget.
Explanation:
Scora, Inc.
Sales Budget
Month Budgeted Unit Sales Budegted Unit Price Budgeted Total Sales
(A) (B) (A*B)
January 1200 $50 $60,000
February 2000 $50 $100,000
March 1600 $50 $80,000
Total for the quarter 4800 $50 $240,000
Hence, it is concluded that the budgeted sales for the January, February, March are $240,000.
