subject
Business, 06.08.2019 21:30 graymonky12

Tim's tools, a manufacturer of cordless drills, began operations this year. during this year, the company produced 20,000 units and sold 18,000 units. at year-end, the company reported the following income statement using absorption costing: sales (18,000 × $30) $ 540,000 cost of goods sold (18,000 × $14) 252,000 gross margin $ 288,000 selling and administrative expenses 90,000 net income $ 198,000 production costs per unit total $14, which consists of $12.90 in variable production costs and $1.10 in fixed production costs (based on the 20,000 units produced). 60% of total selling and administrative expenses are variable. compute net income under variable costing. $307,800 $198,000 $195,800 $288,000 $220,000

ansver
Answers: 1

Other questions on the subject: Business

image
Business, 21.06.2019 19:30, PatrickHB
The revenues of a company increased by 39% in year one and decreased 22% in year two. what is the overall change over the two-year period?
Answers: 1
image
Business, 21.06.2019 22:50, chloespalding
Assume that the governance committee states that all projects costing more than $70,000 must be reviewed and approved by the chief information officer and the it senior leadership team (slt). at this point, the cio has the responsibility to ensure that management processes observe the governance rules. for example, the project team might present the proposed project in an slt meeting for a vote of approval. what does this scenario illustrate about organizational structure?
Answers: 2
image
Business, 22.06.2019 01:00, staffordkimberly
Who is better at multi-tasking? in business, employees are often asked to perform a complex task when their atten-tion is divided (i. e., multi-tasking). human factors (may 2014) published a study designed to determine whether video game players are better than non–video game play-ers at multi-tasking. each in a sample of 60 college stu-dents was classified as a video game player or a non-player. participants entered a street crossing simulator and were asked to cross a busy street at an unsigned intersec-tion. the simulator was designed to have cars traveling at various high rates of speed in both directions. during the crossing, the students also performed a memory task as a distraction. two variables were measured for each student: (1) a street crossing performance score (measured out of 100 points) and (2) a memory task score (measured out of 20 points). the researchers found no differences in either the street crossing performance or memory task score of video game players and non-gamers. “these results,” say the researchers, “suggest that action video game players [and non-gamers] are equally susceptible to the costs of dividing attention in a complex task”
Answers: 1
image
Business, 22.06.2019 01:30, whocaresfasdlaf9341
If a firm plans to issue new stock, flotation costs (investment bankers' fees) should not be ignored. there are two approaches to use to account for flotation costs. the first approach is to add the sum of flotation costs for the debt, preferred, and common stock and add them to the initial investment cost. because the investment cost is increased, the project's expected return is reduced so it may not meet the firm's hurdle rate for acceptance of the project. the second approach involves adjusting the cost of common equity as follows: . the difference between the flotation-adjusted cost of equity and the cost of equity calculated without the flotation adjustment represents the flotation cost adjustment. quantitative problem: barton industries expects next year's annual dividend, d1, to be $1.90 and it expects dividends to grow at a constant rate g = 4.3%. the firm's current common stock price, p0, is $22.00. if it needs to issue new common stock, the firm will encounter a 6% flotation cost, f. assume that the cost of equity calculated without the flotation adjustment is 12% and the cost of old common equity is 11.5%. what is the flotation cost adjustment that must be added to its cost of retaine
Answers: 1
You know the right answer?
Tim's tools, a manufacturer of cordless drills, began operations this year. during this year, the co...

Questions in other subjects:

Konu
Mathematics, 08.02.2021 22:20
Konu
History, 08.02.2021 22:20