Business, 11.02.2020 22:05 mathwhiz9125
The actual information pertains to the month of September. As part of the budgeting process, Kriger Fencing Company developed the following static budget for September. Kriger is in the process of preparing the flexible budget and understanding the results.
Actual Flexible Static
Results Budget Budget
Sales volume (in units) 10,000 12,500
Sales revenues $500,000 $ $625,000
Variable costs 256,000 $ 300,000
Contribution margin 244,000 $ 325,000
Fixed costs 229,000 $ 225,000
Operating profit $ 15,000 $ $ 100,000
The primary reason for low operating profits was .
A) lower sales volume than planned
B) a poor management accounting system
C) increased fixed costs
D) the variable-cost variance
Answers: 1
Business, 22.06.2019 11:10, takaralocklear
An insurance company estimates the probability of an earthquake in the next year to be 0.0015. the average damage done to a house by an earthquake it estimates to be $90,000. if the company offers earthquake insurance for $150, what is company`s expected value of the policy? hint: think, is it profitable for the insurance company or not? will they gain (positive expected value) or lose (negative expected value)? if the expected value is negative, remember to show "-" sign. no "+" sign needed for the positive expected value
Answers: 2
Business, 22.06.2019 18:50, gucc4836
Retirement investment advisors, inc., has just offered you an annual interest rate of 4.4 percent until you retire in 40 years. you believe that interest rates will increase over the next year and you would be offered 5 percent per year one year from today. if you plan to deposit $13,000 into the account either this year or next year, how much more will you have when you retire if you wait one year to make your deposit?
Answers: 3
Business, 24.06.2019 02:30, jessicaflower277
Atoy manufacturing company currently produces 100 toys each day. the workers at that company earn $15 per hour. however, the government establishes a minimum wage of $24 per hour. the company cannot afford to keep all its workers, so it lays off some employees. how many people lose their jobs? a. 14 b. 18 c. 23 d. 41
Answers: 1
The actual information pertains to the month of September. As part of the budgeting process, Kriger...
Mathematics, 05.05.2020 21:37
English, 05.05.2020 21:37
Physics, 05.05.2020 21:37
Mathematics, 05.05.2020 21:37