33. The following static budget is provided: Per Unit Total Sales $ 70 $ 840,000 Less variable costs: Manufacturing costs 30 360,000 Selling and administrative costs 20 230,000 Contribution margin $ 20 $ 250,000 Less fixed costs: Manufacturing costs 80,000 Selling and administrative costs 135,000 Total fixed costs 215,000 Net income $ 35,000 What will be the overall volume variance if 15,000 units are produced and sold? Static Budget Flexible Budget Volume Variances Sales* $ 840,000 $ 1,050,000 $ 210,000 F Variable manufacturing costs* 360,000 450,000 90,000 U Variable selling & administrative costs* 230,000 300,000 70,000 U Contribution margin 250,000 300,000 50,000 F Fixed manufacturing costs 80,000 80,000 0 Fixed selling & administrative cost 135,000 135,000 0 Net income $ 35,000 $ 85,000 $ 50,000 F

Your uncle borrows $53,000 from the bank at 11 percent interest over the nine-year life of the loan. use appendix d for an approximate answer but calculate your final answer using the formula and financial calculator methods. what equal annual payments must be made to discharge the loan, plus pay the bank its required rate of interest

Magic realm, inc., has developed a new fantasy board game. the company sold 15,000 games last year at a selling price of $20 per game. fixed expenses associated with the game total $182,000 per year, and variable expenses are $6 per game. production of the game is entrusted to a printing contractor. variable expenses consist mostly of payments to this contractor. required: 1-a. prepare a contribution format income statement for the game last year.1-b. compute the degree of operating leverage.2. management is confident that the company can sell 58,880 games next year (an increase of 12,880 games, or 28%, over last year). given this assumption: a. what is the expected percentage increase in net operating income for next year? b. what is the expected amount of net operating income for next year? (do not prepare an income statement; use the degree of operating leverage to compute your answer.)

Match the situations that will develop one's personality and those that won't peter is surrounded by friends who are always encouraging him jonathan always watches television when he wants to take a break from his books libby sets small targets for herself and strives to achieve them. the smiths indulge in an animated discussion on varied topics every evening after dinner. brook loves junk food and exercises once in a while. develops your personality develops doesn't develop your personality