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murzikaleks [220]

1 year ago

12

Drew and Tammy decide to start a new cake-decorating business. They each contribute $10,000 to get the business off the ground.

This money is considered

1 answer:

Hoochie [10]1 year ago

6 0

Answer: a down payment or deposit

Explanation:

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Mira Mesa Appliances makes and sells kitchen equipment for offices and hotel rooms. Mira Mesa management believes that a new mod

lys-0071 [83]

Answer:

$126

Explanation:

We can calculate the amount Mira can pay for the synthetic material per unit (refrigerator) and meet its profitability goal by deducting the estimated profit and then all the cost from the selling price per unit.

Selling price per unit $260

Less

estimated return (260x30%) = ($78)

Labor costs ($32)

Overhead costs ($24)

Material $126

Amount Mira can pay for Synthetic material per unit is $126

6 0

1 year ago

"When ClubCorp had an attrition problem, they hired a market research company to get to the bottom of things. What two things di

lara [203]

Cost of Membership
benefits of membership

5 0

2 years ago

Absorption and Variable Costing Comparisons: Production Equals Sales Assume that Smuckers manufactures and sells 30,000 cases of

pantera1 [17]

Answer:

a:<u>Total Variable Costs $26 </u>

a:<u>Total Manufacturing Costs = $ 30</u>

b:<u>Net Income </u><u><em>Variable Costing</em></u><u> $100,000</u>

b: <u>Net Income </u><u><em>Absorption Costing</em></u><u> $ 100,000</u>

Explanation:

Smuckers Manufacturers

<u>Costs per case under Variable Costing</u>

Direct materials per case 16

Direct labor per case 7

Variable manufacturing overhead per case 3

<u>Total Variable Costs $26 </u>

<u>Costs per case under Absorption Costing</u>

Direct materials (30,000*16) 480,000

Direct labor (30,000*7) 210,000

Variable manufacturing overhead (30,000*3) 90,000

Total Variable Costs 780,000

Total fixed manufacturing overhead $120,000

Total Manufacturing Costs $ 900,000

<u>Total Manufacturing Costs per Case= $ 900,000/ 30,000= $ 30</u>

The difference between the variable and absorption costing is that the product costs include variable and fixed costs in absorption costing. But in variable costing the product costs include only variable costs.

<u><em> SMUCKERS </em></u>

<u><em>Variable Costing Income Statement </em></u>

<u><em>For the Third Quarter of 2017 </em></u>

<u><em></em></u>

Sales (30,000*34) 1020,000

Direct materials (30,000*16) 480,000

Direct labor (30,000*7) 210,000

Variable manufacturing overhead (30,000*3) 90,000

Total Variable Costs 780,000

Contribution Margin 240,000

Fixed Expenses 140,000

Total fixed manufacturing overhead $120,000

Fixed selling and administrative 20,000

<u>Net Income 100,000</u>

In this case the net income under both variable and absorption costing does not change because the units produced are units sold. No cost is charged to ending inventory under absorption costing.

<u><em>SMUCKERS </em></u>

<u><em>Absorption Costing Income Statement </em></u>

<u><em>For the Third Quarter of 2017 </em></u>

Sales (30,000*34) 1020,000

Direct materials (30,000*16) 480,000

Direct labor (30,000*7) 210,000

Variable manufacturing overhead (30,000*3) 90,000

Total fixed manufacturing overhead $120,000

Total Manufacturing Costs 900,000

Gross Profit 120,000

Fixed Expenses 20,000

Fixed selling and administrative 20,000

<u>Net Income 100,000</u>

3 0

2 years ago

Jones, a consulting manager of Miller & Co., is considering membership on an audit client’s board of directors. Jones does n

lord [1]

<span>The AICPA rules would enforce that he is not allowed to join the board since he would be considered a firm professional. This would prevent a conflict of interest where he would serve as a director of a client. The AICPA is the American Institute of Certified Public Accountants.</span>

5 0

1 year ago

Read 2 more answers

Gillette now markets its Body line of razors, blades, and shaving gels for "manscaping," the art of shaving body hair in areas b

Varvara68 [4.7K]

The correct answer for the question is option"b", changing the value offered to the customers.

Explanation:

Gillete's strategy is to increase the utility of the product to the customers by making it usable for a variety of purposes. By making the products "manscaped" the products can be used for removing the hair below the neck line. Thus, the company is trying to offer better value to the customers. the value addition is in the form of improved utility for a variety of purposes. Customers will gain better value for the price they are paying for the product.

7 0

2 years ago