Weidner Company sells 22,000 units at $30 per unit. Variable costs are $24 per unit, and fixed costs are $40,000.
Determine:
(a) the contribution margin ratio,
(b) the unit contribution margin, and
(c) income from operations.

Answer:

$1,466,000.00

Explanation:

Calculation to determine How much raw materials were transferred to production during 2020 for Sunland

RAW MATERIALS TRANSFERRED TO PRODUCTION

Beginning Raw material inventory $78,000.00

Raw material Purchases $1,450,000

Total Raw material available for use $1,528,000.00

($78,000+$1,450,000)

Less: Ending Raw material inventory $62,000.00

Raw materials transferred to production $1,466,000.00

($1,528,000.00-$62,000.00)

Therefore the Amount of raw materials that were transferred to production during 2020 for Sunland is $1,466,000.00

Answer: See attachment

Explanation:

a. Based on the information in the attachment, the indirect costs that's allocated to the units will be:

Government = 450,000

Corporate = 750,000

The expected revenue that can be generated from the government unit will be:

= 495,000 × (100% + 15%)

= 495,000 × 1.15

= $569250

b. Based on the information given, the indirect costs that's allocated to the units will be:

Government unit = 360,000

Corporate unit = 840,000

The revenue from the government will be:

= 405000 × (100% + 15%)

= 405000 × 115%

= 405000 × 1.15

= $465750

c. If the firm chooses total hours worked as the cost driver, the indirect costs be allocated to the two units as:

Government = 400,000

Corporate unit = 800,000

Revenue from government will be:

= 445000 × 115%

= 445000 × 1.15

= $511750

Check attachment for further explanation.

Answer:

Results are below.

Explanation:

A)

We need to determine the profit when 1,200 units are sold:

Operating profit= total contribution margin - fixed costs

Operating profit= 1,200*(150 - 90) - 48,000

Operating profit= $24,000

B)

To calculate the break-even point in units, we need to use the following formulas:

Break-even point in units= fixed costs/ contribution margin per unit

Break-even point in units= 48,000 / (150 - 90)

Break-even point in units= 800 units

C)

Now, the contribution margin ratio:

Contribution margin ratio= (150 - 90) / 150

ontribution margin ratio= 0.4

D)

To calculate the break-even point in dollars, we need to use the following formulas:

Break-even point (dollars)= fixed costs/ contribution margin ratio

Break-even point (dollars)= 48,000/0.4

Break-even point (dollars)= $120,000

E)

Desired profit= $57,000

Break-even point in units= (fixed costs + desired profit) / contribution margin per unit

Break-even point in units= (48,000 + 57,000) / 60

Break-even point in units= 1,750

Break-even point (dollars)= (fixed costs + desired profit) / contribution margin ratio

Break-even point (dollars)= 105,000 / 0.4

Break-even point (dollars)= $262,500

F)

Desired profit= 15%

Number of units to be sold= Break-even point*1.15

Number of units to be sold= 800*1.15

Number of units to be sold= 920

Answer:

Production budget for Pasadena Candle Inc

Expected units to be sold                     800,000

Desired ending inventory, Dec 31        20,000  

Total units available                               820,000

Estimated beginning inventory, Jan 1  -35,000

Total units to be produced in Jan.      785,000

Answer:

Goods Account (based on the question)

Alternatively :

In Accounts you would usually have a seperate account called ' Returns Inward' and they will be debited there.

Answer:

See below

Explanation:

Given the above information, the adjusting entry for Chynne will be;

Answer:

If part of your marketing strategy was to release a mobile app, you will also need to budget for prototype testing. This is important to ensure that your mobile app is user friendly and that you can fix any issues that may arise. The average app marketing budget is estimated to be between $1,000 and $5,000.

Explanation:

The basic shape of the body of the lamp shown is the cone. A cone is formed by a set of line segments, half-lines, or lines connecting a common point.

The cone in the shape of the figure is a three-dimensional geometric shape. That smoothly forms a flat base to a point called the apex or vertex. A cone is formed by a set of line segments, half-lines, or lines connecting a common point, the apex. the points on a base that is in a plane that does not contain the apex.

A cone refers that a shape consisting of a circular base and the once continuous curved base tapering to a point (the apex) above the center of the circular base.

Therefore, The lamp shown is the cone. A cone is formed by a set of line segments

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Answer: See explanation

Explanation:

a. How much money will you invest in Stock Y?

Let the weight of Stock X = x

Let the weight of Stock Y = (1 - x)

Expected return of stock X = 11.4%

Beta of stock X = 1.25

Expected return of stock Y = 8.68%

Beta of stock X = 0.85

The Portfolio Return will then be calculated as:

= (Weight of Stock X × Return of Stock X) + (Weight of Stock Y × Return of Stock Y)

0.127 = [x × 0.114 + (1 - x) × 0.0868]

0.127 = [x × 0.114 + 0.0868 - x × 0.0868]

0.127 = x × 0.0272 + 0.0868

0.127 - 0.0868 = x × 0.0272

0.0402 = 0.0272x

x = 0.402/0.0272

x = 1.4779

Weight of Stock X = 1.4779

Therefore, Weight of Stock Y will be:

= 1 - 1.4779

= -0.4779

The amount that's invested in Stock Y will be:

= $100,000 × (-0.4779)

= -$47,790

b. What is the beta of your portfolio?

Portfolio Beta will be calculated as:

= 1.4779 × 1.25 + (-0.4779) × 0.85

= 1.44

A quote that can be a source of inspiration or motivation for the development of knowledge and critical reasoning is:

It corresponds to the ability of human beings to analyze a theory, opinion and vision on a topic according to their own perspectives and rational and logical precepts, always seeking to observe, investigate, contest and prove a thought taken as true.

Therefore, the phrase of the famous Enlightenment thinker John Locke helps in understanding the importance of thought for society, taking reason as the source of knowledge and development of society and individuals.

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Option A is correct regarding marketing plan.

An in-depth analysis of the target market and competitive environment for your company within a given sector is known as a "market." The success you can anticipate when you launch your brand and its products to customers in the market can be projected using this study. Market analysis takes into account both qualitative and quantitative information, such as consumer values, wishes, and purchasing motivations. Quantitative information includes the size of the market you want to target as well as the pricing and revenue estimates that consumers are ready to pay.

In order to effectively advertise products to a specific market, market research is the process of acquiring knowledge about that market, including its customers' wants and behaviors.

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Answer:

1. Present value of cash-out flow = Purchase of new machine + Cost of working capital - Sale of old machine

Present value of cash-out flow = $700,000 + $115,000 - $170,000

Present value of cash-out flow = $645,000

Year   Cash flow   PVF 9%    Net cash flow

1          $150,000     0.917          $137,550

2         $180,000     0.842         $151,560

3         $180,000     0.772         $138,960

4         $180,000     0.708         $127,440

5         $180,000     0.65           $117,000

Present value of Cash inflow    $672,510

Present value of Cash outflow ($645,000)

Net present value                     $27,510

2. Yes, Hospital would want to purchase the new machine because the Net present value is positive.

Answer:

Date                General journal                       Debit                Credit

Dec 31, 2017   Cash                                   $38,000,000

                       Compensation expense   $6,705,882

                       [($38,000,000/85%)*15%]

                               Common stock [221,071 * $0.001]             $221

                               Paid in capital - in excess of par               $44,705,661

SMART goals are recorded here and lay the groundwork for the marketing plan: C. statement of objectives.

In Business management, marketing can be defined as a strategic process which typically involves developing promotional techniques and sales strategies by a business firm to enhance the availability of goods (products) and services, in order to meet the needs of the end users or consumers through advertising and market research.

In Business management, SMART goals can be defined as a well-established tool that can be used by an individual, a project manager or business organization to plan (create), track and achieve (accomplish) both short-term and long-term goals.

Generally speaking, SMART is a mnemonic acronym and it comprises the following elements:

In this scenario, we can reasonably infer and logically deduce that SMART goals are recorded as statement of objectives because they would lay the groundwork for the marketing plan.

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Answer:

a. Fiscal Policy involves changing government purchases and tax. In the United States, Fiscal Policy is implemented by the federal government.

b. An expansionary fiscal policy can be used to address a Recessionary Gap by reducing taxes and increasing government purchases.

Explanation:

Fiscal policy can be described as the employment of the government purchase and taxation level by the federal goveernment with the aim of influencing the aggregate demand and economic activity level.

Expansionary fiscal policy occurs when the government increases its purchases and reduces taxes in order to close Recessionary Gap, while contractionary fiscal policy is when the government reduces it purchases and increases taxes.

Based on this explanation, we have:

a. Fiscal Policy involves changing government purchases and tax. In the United States, Fiscal Policy is implemented by the federal government.

b. An expansionary fiscal policy can be used to address a Recessionary Gap by reducing taxes and increasing government purchases.

Answer:

$484 U

Explanation:

The variable overhead efficiency variance is computed as

= (Actual labor hours - Budgeted labor hours) × Hourly rate for standard variable overhead

Variable overhead efficiency variance

= [(4,260 - (8,300×0.5)] × $4.40

= (4,260 - 4,150) × $4.40

= $484 U

Therefore, the variable overhead efficiency variance for August is $484 U

Before a will is written, a testamentary trust must go through probate. The correct answer is option (a).

Before a will is written, a testamentary trust must pass through probate. In the course of probating the will, the executor will also establish the trust. Legal expenses may be deducted from the trust funds if the trustee needs legal counsel on how to manage the trust.

The term "probate" refers to a copy of a will that has been witnessed by a court official and is accompanied by a grant of management of the testator's assets. Only the will's appointed executor is eligible for a probate. A probate is also required if the will covers real estate in more than one state.

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Answer:

D

Explanation:

The producer surplus created for suppliers of artichokes each week are $100.

When you have more of something that you need or expect to utilize, you have a surplus. When there is extra stockpile is, when the quantity given exceeds the quantity requested—a market surplus occurs. Surplus is an economic phrase that refers to the amount of advantage or sources to support by consumers and manufacturers when they exchange goods and services.

Equilibrium price = $3 per pound

Equilibrium quantity = 100 pounds

Y-intercept of supply curve = $1 per pound

Determine the Producer Surplus -

producer surplus  = 1/2 × [Equilibrium price - Y-intercept of supply curve] × Equilibrium quantity

producer surplus = 1/2 × [$3 - $1] × 100

producer surplus = 1/2 × [$2] × 100

producer surplus = 1/2 × 200

PS = $100

Thus, the producer surplus created for suppliers of artichokes each week are $100.

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Your question is incomplete, but most probably the full question was.

Answer:

910 days

Explanation:

Calculation to determine the Minimum Restocking Level needed to cover expected demand over time without stocking out

Using this formula

Minimum Restocking Level= (Average daily demand × Reorder period)+ (Average daily demand × Lead time)

Let plug in the formula

Minimum Restocking Level= (70 days × 10 days) + (70 days × 3 days)

Minimum Restocking Level=700 days + 210 days

Minimum Restocking Level= 910 days

Therefore the Minimum Restocking Level needed to cover expected demand over time without stocking out is 910 days

Answer:

$42.50

Explanation:

Here, buying a put option means that the option holder will gain when the share price falls below the strike price.

Strike price is $55

Premium paid is $1.75 per share

Premium paid = $1.75 * 10 = $17.5

Shares are selling for $49

=> $(55- 49) * 10 contracts = $60.

So, net profit = $60 - $17.5 = $42.5

Answer:

Option B ($5,500) is the appropriate choice.

Explanation:

The given expression is:

⇒  [tex]C = 5,500 + 0.9Y[/tex]

At the zero (0) level of income, the consumption would be the Autonomous consumption.

then,

Y = 0

On substituting the value of "Y" in the given expression, we get

⇒  [tex]C=5,500+0.9(0)[/tex]

⇒      [tex]=5,500+0[/tex]

⇒      [tex]=5,500[/tex] (%)

Answer:

NZ$25 million

Explanation:

Assuming salvage value = X

Cash flow in year 1 = 12 million*0.60 = $7.2 million

Cash flow in year 2 = 30 million*0.60 = $18 million

Note: At break-even salvage value, Net Present Value = 0

So, Initial cost = Present value of inflow  (Sum of inflow*PV factor)

Initial cost = 7.2(PV 18%, 1 year) + 18(PV 18%, 2 years) + X(PV 18%, 2 years)

30 = 7.2*0.847 + 18*0.718 + X*0.718

30 = 19.02 + X*0.718

X*0.718 = 30 - 19.02

X*0.718 = 10.98

X = 10.98/0.718

X = 15.292479

X = $15.29

Stable exchange rate of $.60 per NZ$ over the next two years.

Break-even salvage value = 15.29/0.60

Break-even salvage value = NZ$25.4833

Break-even salvage value = NZ$25 million

Answer:

Results are below.

Explanation:

Giving the following information:

Production= 800 boxes

Each box of tile requires 0.50 hours of direct labor.

Employees of the company are paid $17 per hour.

First, we need to determine the number of hours required:

Number of hours= 800*0.5= 400 hours

Now, the total direct labor cost:

Direct labor cost= 400*17= $6,800

Answer:

used to sort, store and summarize a company's transactions.

Explanation:

Financial accounting is an accounting technique used for analyzing, summarizing and reporting of financial transactions like sales costs, purchase costs, account payables and receivables of an organization using standard financial guidelines such as Generally Accepted Accounting Principles (GAAP) and financial accounting standards board (FASB).

Thus, it is a field of accounting involving specific processes such as recording, summarizing, analysis and reporting of financial transactions with respect to business operations over a specific period of time.

A general journal is used for initially recording a transaction before it's then subsequently transferred or posted to the general ledger. In Financial accounting, this process of transferring information about a transaction from the general journal to the general ledger is known as posting.

Furthermore, the main purpose of a general ledger is to list all accounts used in recording an organization's transactions and as such it contains a list of transactions affecting each account and the account's balance.

Hence, the general ledger is used to sort, store and summarize a company's transactions.

Answer:

c. DPOHRs are better for estimating costs across departments when the same allocation base is used.

Explanation:

In the case when the predetermined overhead rate of plantwide would be compared with the predetermined overhead rate of the individual department so the  predetermined overhead rate of the individual department  would be considered better for predicting the cost at the time when similar allocation base should be applied

Therefore the option c is correct

Answer:

Explanation:

Calculation to determine consolidated net income attributable to Chamberlain Corporation

Using this formula

Consolidated net income attributable to Chamberlain Corporation=[(Neville Revenues-Neville Expenses)+(Chamberlain Revenues-Chamberlain Expenses)- Annual excess fair-value amortization]-[(Neville Revenues-Neville Expenses)-Annual excess fair-value amortization*percentage of ownership in Neville.

Let plug in the formula

Consolidated net income attributable to Chamberlain Corporation=[($460,000-$328,000)+($784,000-$440,000)-$19,800]-[($460,000-$328,000)-$19,800*40%]

Consolidated net income attributable to Chamberlain Corporation=($132,000+$344,000-$19,800)-($132,000-$7,920)

Answer:

United Resources Company

Stockholders' Equity Section of the Balance Sheet at the end of the year:

Authorized share capital:

Common stock, $2 par, 218,000 shares

Issued and Outstanding shares:

Common stock, $2 par, 66,000 shares     $172,000

Additional paid-in capital - common stock  642,000

Treasury stock, $2 par, 20,000 shares       (40,000)

Retained earnings                                        494,000

Total equity                                              $1,268,000

Explanation:

a) Data and Analysis:

Authorized share capital:

Common stock, $2 par, 218,000 shares

Net income for the year = $494,000

Transactions:

a. Cash $1,079,000 Common stock $166,000 Additional Paid-in Capital - Common $913,000

83,000 shares of the common stock in an initial public offering for $13 per share.

b. Treasury stock $46,000 Additional Paid-in Capital- Common stock $322,000 Cash $368,000

23,000 shares of the previously issued shares for $16 per share.

c. Cash $57,000 Common stock $6,000 Additional Paid-in Capital - Common stock $51,000

3,000 shares of treasury stock for $19 per share.