Quiz – Chapter 17 – Solution 1. Rider Company sells a single product. The product has a selling price of $40 per unit and variable expenses of $15 per unit. The company’s fixed expenses total $30‚000 per year. The company’s break-even point in terms of total dollar sales is: A) $100‚000. B) $80‚000. C) $60‚000. D) $48‚000. The answer is d. CMR = (P-V)/P = ($40 - $15)/$40 = 62.5% Px = F/ (CMR) Px = $30‚000/.625 = $48‚000 Use the following to answer questions 2-3: Weiss Corporation produces two models
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cost sheet. Direct materials cost was $3‚067. A total of 30 direct labor-hours and 104 machine-hours were worked on the job. The direct labor wage rate is $12 per labor-hour. The company applies manufacturing overhead on the basis of machinehours. The predetermined overhead rate is $11 per machine-hour. The total cost for the job on its job cost sheet would be: A. $4‚571 B. $3‚757 C. $3‚090 D. $3‚427 Applied manufacturing overhead = Predetermined overhead rate x Actual machine-hours Applied manufacturing
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Contribution Margin and Break Even Point by ACC 202 Trident University July 22‚ 2011 Contribution Margin and Break Even Point I’m going to discuss Contribution margin and what it is and how it relates to companies and profits. Contribution margin is the amount remaining from sales revenue after variable expenses have been deducted. It is the amount available to cover fixed expenses such as lease agreements and then to provide profits for the period. Contribution margin is first
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1. The following is Addison Corporation’s contribution format income statement for last month: Sales $1‚000‚000 Less: Variable Expenses $ 700‚000 Contribution Margin $ 300‚000 Less: Fixed Expenses $ 180‚000 Operating Income $ 120‚000 The company has no beginning or ending inventories. A total of 20‚000 units were produced and sold last month. What is the company’s margin of safety in dollars? $400 000 10 points
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Austria‚ so it is the same edition with Austrian’s Red Bull. For the target group of Red Bull‚ mainly they could be manual labourer‚ and also mental worker Red Bull sales around 10 dollars per liter in Woolworths. As far as its competitor‚ Mother‚ V and Monster sale 5 dollars‚ 8.66 dollars and 5 dollars per liter in Woolworths. | Year | 2012 | 2011 | 2010 | |Sales($ million ) | 2950
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Case Study: Contribution Margin and Variance Analysis By: Sachin Malhotra Student ID:xxxxxxxxx Presented To: Prof. G. Dunning Course: 04-70-256 Section 2 Date: November 28‚ 2008 Explanation of Profit Decline The decline in profits was due to a combination of various market‚ as well as‚ production factors. Firstly‚ the decreased market share was a major cause of the decline in the profits. This was quite surprising for a company that is operating in a growing market. The total market for
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The question of whether direct labor should be viewed as a variable cost can be confusing‚ but I feel should be addressed on a case-by-case basis. Classifying direct labor as a variable cost requires management to make continuous adjustments to the workforce that only addresses their short-term employment needs and may not be beneficial in the long run for their business. It is very important for managers and accountants to understand the need to appropriately classify these costs because of the
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Tata Consultancy Services (TCS) Placement Paper Held on 28th January 2010 1) APTITUDE TEST: Questions = 82 ; time limit = 90 minutes. no negative marking. Offline (paper & pen) test and a PSYCHOMETRY TEST also. Section 1: VERBAL ( 32 Questions ‚20 minutes ) Directions for questions 1-10:Find the synonyms of the following words 1. Depreciation A. appreciation B. Deflation C. rise D. None of these Ans: B 2. Circumspect A Condition B Inspect C. Cautious D Reckless Ans: C 3. Abysmal A
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existence of labor unions has had a substantial contribution to our society and the standard of living of most individuals. However‚ for the past few decades union membership and influence has declined. There are various explanations for the decline in unionization; one aspect that the explanations have in common is change. Unions have grown into large bureaucracies and at times‚ have been reluctant to change. Recently there have been signs that unions are changing the way they do business. Labor unions
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in producing a skilled-labor force which is the life-blood of the economy. Data acquired shows that the quality of public education system in the country is relatively low because of several factors pointed out by the respondents. Furthermore‚ it shows that most of the respondents regard education as an important factor in the future employment of the student. It is found that education is an important factor in the employment of an individual and it produces a skilled labor force (human capital)
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