Variable Costing
Marsich Company has the following information for September:
Sales
$430,000
Variable cost of goods sold
202,100
Fixed manufacturing costs
64,500
Variable selling and administrative expenses
47,300
Fixed selling and administrative expenses
30,100
Determine the following for Marsich Company for the month of September:
a. Manufacturing margin
b. Contribution margin
c. Operating income
Answers
Marsich Company had a manufacturing margin of $227,900, a contribution margin of $180,600, and an operating income of $86,000 for the month of September using variable costing.
Variable costing is a costing method in which only variable costs are included in the cost of goods sold and fixed costs are expensed in the period incurred. Using this method, we can determine the following for Marsich Company for the month of September:
a. Manufacturing margin = Sales - Variable cost of goods sold - Variable manufacturing costs
Manufacturing margin = $430,000 - $202,100 - $0 = $227,900
b. Contribution margin = Sales - Variable costs (both manufacturing and selling/administrative)
Contribution margin = $430,000 - $202,100 - $47,300 = $180,600
c. Operating income = Contribution margin - Fixed costs (both manufacturing and selling/administrative)
Operating income = $180,600 - $64,500 - $30,100 = $86,000
Therefore, Marsich Company had a manufacturing margin of $227,900, a contribution margin of $180,600, and an operating income of $86,000 for the month of September using variable costing.
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Related Questions
Which describes an investor’s primary goal of buying a loan? to grow a business to earn a profit off the interest to bolster the economy to provide capital to a business
Answers
The statement that best describes an investor's primary goal in buying a loan is to earn a profit off the interest. Hence, the correct option is (B).
What Is An Investor?Investors are one of the important elements in a company where investors are basically a person or an organization that puts money into a financial instrument with the hope of benefiting from that decision. One form of financial instrument that can be used as an investment is a loan. When an investor buys a loan, the main goal is the profit that can be obtained from the interest rates on the loan.
The question is incomplete, but most probably your question was:
The statement that best describes an investor's primary goal in buying a loan is
A. To grow a business
B. To earn a profit off the interest
C. To bolster the economy
D. To provide capital to a business
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Answer:
to earn a profit off the interest
Explanation:
This is typically done by lending money to a borrower at a higher rate of interest than the investor is paying on their own borrowing or invested capital, with the hope of earning a positive return on their investment over time. The key motivation behind this type of investment is to generate a return that is greater than the cost of the funds used to make the investment, so that the investor can earn a profit.
today is the day before 4th of july holiday and the fireworks stands is almost out of fireworks what will happen to the price of the fireworks
Answers
Answer:
The prices of the fireworks will rise
Explanation:
This is because there is a high level of demand
An airline promotion to business travelers is based on the assumption that two-thirds of business travelers use a laptop computer on overnight business trips.
a.) state the hypotheses that can be used to test the assumption.
h0:p
ha:p
b.) what is the sample proportion from an american express sponsored survey that found 365 of 543 business travelers use a laptop computer on overnight business trips (to 2 decimals)?
c.) what is the p-value (to 4 decimals)?
Answers
The answers of the airline promotion questions are: a) H0: p Ha: p ≈ 0.67 The significance level, α=0.05. b) = 0.67 c) p-value = P(z>0) = 0.5000
There is insufficient data to conclude that more than two thirds of business travelers utilize laptop computers when on overnight business trips. Promotion includes a wide range of activities aimed at increasing public awareness or advancing a product. When referring to a career, promotion is raising a worker's rank or position within a hierarchical system. Promotion, as used in marketing, describes raising interest in a product through marketing or a lower price. It can include increasing an employee's position, spreading word about certain product bargains, or generating interest in undervalued stocks. In the marketing industry, they are routinely given. The most frequent usage of the phrase is in reference to a work promotion.
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Conor broke his wrist while playing basketball in the backyard. He ended up in the hospital. After an X-ray, MRI, doctor visit and a cast, he receives a hospital bill for $10,000. According to his health insurance policy, he has $2,000 deductible (which he did not pay this year at all) and a 20% co-pay. How much Conor will have to pay for the hospital?
Answers
Answer:
$6,000
Explanation:
A deductible is the amount Conor has to pay before his medical bills and prescriptions start getting coverage from his insurance.
Step 1: 10,000 - 2,000 = 8,000
A co-pay is a fixed amount the insured has to pay for certain medical services.
Step 2: 20% of 8,000 or 0.20 times 8,000 = 1,600
Step 3: add $2,000 (the deductible you have to pay) and $1,600 (the co-pay)
Total amount that Conor will have to pay for the hospital: $3,600
Well-conceived policies and operating procedures facilitate good strategy execution by A. leaving it up to employees regarding how things are to be done. B. removing roadblocks to creativity and innovation. C. fostering a work climate that preserves the status quo whenever possible. D. enforcing consistency in how strategy-critical activities are performed. E. channeling individual and group efforts along a strategy-supportive path.
Answers
The Well-conceived policies and operating procedures facilitate good strategy execution by:
They provide top-down guidance regarding how things need to be done.They help ensure consistency in how execution-critical activities are performedThey promote the creation of a work climate that facilitates good strategy execution.What is the use of Well-conceived policies?This refers to those policies that are well thought to achieve the aim and objectives of a long term goal of a firm
Hence, in a typical firm, these policies and procedures provide top-down guidance regarding how things need to be done, ensure consistency in how execution-critical activities are performed and promote the creation of a work climate that facilitates good strategy execution.
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Do you think you should use a zero-based budgeting system? Explain why or why not.
Answers
when carhartt allowed edwin and faeh to sell their apparel in europe, they were expanding globally through
Answers
Carhartt was expanding globally through strategic partnerships when they allowed Edwin and Faeh to sell their apparel in Europe. Here option B is the correct answer.
Instead of directly entering a new market, Carhartt decided to collaborate with established local brands, which allowed them to leverage the expertise and knowledge of the partners while expanding their reach and customer base.
By partnering with Edwin and Faeh, Carhartt was able to tap into their existing customer base and distribution networks, which helped them establish a foothold in the European market. This approach not only minimized the risks and costs associated with entering a new market but also allowed Carhartt to maintain its brand identity and reputation while adapting to local market conditions.
Overall, strategic partnerships have been an effective tool for Carhartt to expand its global presence while minimizing risks and maximizing the benefits of collaboration with local experts.
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Complete question:
Through what were Carhartt expanding globally when they allowed Edwin and Faeh to sell their apparel in Europe?
A) Social media marketing
B) Strategic partnerships
C) Product diversification
D) Mergers and acquisitions
what describes the business need (the problem the project will solve) and the justification, requirements, and current boundaries for the project? multiple choice question. project scope project management project plan project manager
Answers
A project plan describes the business need (the problem the project will solve) and the justification, requirements, and current boundaries for the project. The correct option of this question is c i.e. project plan.
A project plan is formal documentation that defines the stages of the project and its execution. This includes the business need, the resources required and their justification and optimized application and the extents of the project. Project planning is done by the project managers and project planning softwares is used for this purpose. It is the who, how, what, why, where and when of a project.
The other options are incorrect because:
Project scope is a part of a project plan and it determines what the extents, limits and boundaries of the project are.Project management is the use of specific tools and expertise to ensure the successful completion of a project.Project manager is the individual who plans, organizes and executes projects.You can learn more about project plan at
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Drag the tiles to the correct boxes to complete the pairs.
Match the different resources to the scenarios where they are used.
natural resources
human resources
man-made resources
entrepreneurship
A power plant uses an Industrialdesign power generator to generate large-scale
electricity for the neighborhood.
A power plant uses coal to heat water and then converts it into steam, which
then turns the turbines.
>
A power plant is set up by a group of industrialists as they come together to
solve the power crisis in their nelghborhood.
A power plant employs local workers who work in shifts to keep the plant
running for most of the day.
Answers
Answer:
1. Man-made
2. natural resources
3. entrepreneurship
4. Human resources
Explanation:
Natural resources are those which are present in the environment and are limited in number.
The man-made resources are those where a power generator is used to initiate the electricity on large scale.The natural resources are those where the water is heated from coal and then converting it to steam for running the turbines.The entrepreneurship is represented when the industrialists come together to solve the power crisis of their own neighborhood.The human resources are those where the workers are working in shifts to keep their plants in running condition.Therefore, the given resources are matched with the scenarios in which they are used.
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A business receives $5 000 for Rent
Revenue and deposits this amount into its
Bank account. How will this transaction
be recorded?
Answers
Answer: Dr Bank $5 000; Cr Rent Revenue $ 5 000
Explanation:
From the information given in the question, we are informed that a business receives $5 000 for Rent
Revenue and deposits this amount into its bank account, this transaction will be recorded thus:
Debit Bank $5000
Credit Rent Revenue $5000
The correct journal entry is written above with regards to the transaction.
5. You purchase your daily
coffee at the chemist’s coffeehouse and have a choice of two cups
with different specific heat capacity. Which cup will you choose,
the cup with a low specific or the cu
Answers
You would choose the cup with a low specific heat capacity.
Specific heat capacity refers to the amount of heat energy required to raise the temperature of a substance by a certain amount. In the context of coffee cups, a cup with a low specific heat capacity means that it heats up or cools down quickly in response to changes in temperature.
When you purchase your daily coffee, you likely want to enjoy it at an optimal temperature for a longer period. By choosing a cup with a low specific heat capacity, it will absorb less heat from the coffee, allowing it to stay hot for a longer time. The cup will also cool down faster when exposed to the surrounding environment, preventing your coffee from becoming lukewarm too quickly.
On the other hand, a cup with a high specific heat capacity would absorb more heat from the coffee, causing it to cool down rapidly. This would result in your coffee becoming cold faster, making it less enjoyable to drink.
Therefore, opting for a cup with a low specific heat capacity would be more advantageous as it helps maintain the desired temperature of your coffee for a longer duration.
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Why is it so important to understand how a business process works when trying to develop a new information system?
Answers
Answer:
It is important because we need to:
Ensure consistency and understanding across the business. Reduce confusion during implementation. Identify areas for efficiency gains or controls.
If you work for a company and have a 401(k) retirement account, the account contains money you contributed to your retirement and money contributed by your employer. When you retire, which of the following will these payments be?
A. Welfare payments
B. Pension
C. Transfer payments
D. None of the above
Answers
help please and thank youuuuuu
Answers
Answer:
B I'm pretty sure sorry if I get it wrong
Answer:
sales tax
Explanation:
sales tax is a tax a costumer pays for certain goods and services
in country a, it takes 10 resources to produce 1 ton of tea and 13.5 resources to produce 1 ton of rice. in country z, it takes 40 resources to produce 1 ton of tea and 12 resources to produce 1 ton of rice. country a has a comparative advantage over country z in:____.
Answers
Country A has a comparative advantage in producing tea, as it takes fewer resources (10 resources) to produce 1 ton of tea compared to country Z (40 resources).
Write about comparative advantage over country z ?
Comparative advantage refers to a country's ability to produce a particular good more efficiently and at a lower cost compared to another country. It takes fewer resources for country A to produce a ton of tea (10 resources) compared to country Z (40 resources), which makes country A more efficient and cost-effective in producing tea.This means that country A has a comparative advantage in producing tea over country Z, and it makes sense for them to specialize in producing tea, trade with other countries, and import rice. The concept of comparative advantage is important in international trade as it allows countries to specialize in producing goods in which they have a comparative advantage and trade with other countries for goods they have a comparative disadvantage in producing.To learn more about comparative advantage refers to:
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Which of the following is an internal factor?
A. Interest rates
B. Employment laws.
C. Employee turnover.
D. Economic recession.
Answers
Answer:
Your answer is: C) Employee turnover
Explanation:
Which of the following costs is irrelevant in the decision making of a special order, when there is idle production capacity?
A. Labor hours incurred
B. Units sold
C. Material cost
D. Fixed manufacturing costs
Answers
Fixed manufacturing costs is irrelevant in the decision making of a special order, when there is idle production capacity
When considering a special order, fixed manufacturing costs are typically irrelevant in the decision-making process if there is idle production capacity. Fixed manufacturing costs are costs that do not vary with the level of production or the number of units produced. These costs include expenses such as rent, depreciation of machinery, and salaries of production supervisors.
In a situation where there is idle production capacity, it means that the company has the ability to produce additional units without incurring additional fixed costs. Since these costs remain constant regardless of the level of production, they do not impact the decision to accept or reject a special order.
On the other hand, the other options mentioned:
A. Labor hours incurred: Labor hours incurred are relevant as they contribute to the cost of producing the additional units for the special order.
B. Units sold: The number of units sold is relevant because it directly impacts the revenue generated from the special order.
C. Material cost: Material cost is relevant as it contributes to the overall cost of producing the additional units for the special order.
When there is idle production capacity, fixed manufacturing costs become irrelevant in the decision-making process for accepting or rejecting a special order. The decision is primarily influenced by factors such as labor hours incurred, units sold, and material costs, which directly affect the production cost and revenue associated with the special order.
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A used-car cost 5000. You figure you can get 4 years out of it. You drive 10000 miles per year. Your car insurance costs 1200$ per year. You figure you’ll spend 400$ per year on maintenance. Gas cost 3$ per gallon and the car gets 25 miles per gallon. What will be your average cost (all cost included) per mile over 4 years ?
Answers
Answer:
$0.405
Explanation:
The average cost per mile:
Cost per year:
Insurance : $1200
Gas At $3 per gallon: car performance is 25 miles per gallon. In one year, the car is driven for 10,000 miles.
Consumption per year = 10,000/25 x 3= $1200
maintenance $400
Cost for fours years
Car cost: =$5000
Insurance : $1,200 x 4 =$4,800
Gas costs: $1200 x 4 =$4800
Maintenance :$400 x 4 = $1600
Total costs for four years= $5000+ $4800+ $4800+$1600
=$16,200
Average cost per mile
=$16,200/ 40,000
=
The average cost per :
Cost per year:
Insurance : $1200
Gas At $3 per gallon: car performance is 25 miles per gallon. In one year, the car is driven for 10,000 miles.
Consumption per year = 10,000/25 x 3= $1200
maintenance $400
Cost for fours years
Car cost: =$5000
Insurance : $1,200 x 4 =$4,800
Gas costs: $1200 x 4 =$4800
Maintenance :$400 x 4 = $1600
Total costs for four years= $5000+ $4800+ $4800+$1600
=$16,200
Average cost per mile
=$16,200/ 40,000
=$0.405
discuss how
prices are formed under a perfectly competition market
Answers
Answer:
In a perfectly competitive market, equilibrium price is determined by the forces of market demand and market supply. Market demand refers to the sum total of demand for a commodity by all the buyers in the market.
why is freshness of ingredients important in salad preparation
Answers
The fresher the ingredients of the salad the better and more authentic the taste of the ingredients. This is because fresh ingredients provide the most flavour compared to ingredients contained with preservatives.
Fresh ingredients are also better for your health. Because there aren’t any preservatives and extra chemicals and oils, it fulfills the purpose of the salad.
Although fresh ingredients may not be cheap to buy, in the long run it will be better for you body because it won’t be filled with processed foods. Instead it will be filled with fresh ingredients that are beneficial to your health.
what zappos core competencies
Answers
Zappos' core competencies are strong customer service, extensive product selection and innovative corporate culture.
Each of its competencies is explained as follows-
1. Exceptional customer service: Zappos is known for providing a high level of customer support, with a focus on building long-term relationships with customers.
2. Wide product selection: Zappos offers a large selection of shoes, clothing and accessories, making it a one-stop shop for customers.
3. Innovative corporate culture: Zappos has a unique company culture that emphasizes creativity, transparency, and employee empowerment.
4. Strong brand reputation: Zappos has a strong brand reputation built on its commitment to customers and its unique company culture.
5. Technology and e-commerce expertise: Zappos leverages technology and e-commerce to offer customers a seamless shopping experience.
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Who benefits from fashion forecasting?
Answers
Answer:
textile developer is the answer
Answer:
textile developer
Explanation: ON PLATO
Each bank teller workstation is forecasted to process 130 transactions (the end item) on Friday. The bank is open from 9:00 a.m. to 7:00 p.m. on Friday, with 90 minutes for lunch and breaks. Two teller windows are open on Friday. A work-study analysis reveals that the breakdown of the transaction mix is 30 percent deposits, 55 percent withdrawals, and 15 percent transfers between accounts. A different form is used for each type of transaction, so there is one deposit slip per deposit, one withdrawal slip per withdrawal, and two transfer slips per transfer. Round your answers to the nearest whole number. How many transfer slips are needed on Friday? How many withdrawal slips are needed on Friday? Deposit slips are delivered every second day. If the on-hand balance of deposit slips is 50 at this bank, how many deposit slips should be ordered?
Answers
The calculation of the number of transfer slips and withdrawal slips is based on the total transactions on Friday and their respective percentages.
With a work-study analysis revealing a transaction mix of 30% deposits, 55% withdrawals, and 15% transfers, we can estimate the number of slips needed. Considering that two teller windows are open from 9:00 a.m. to 7:00 p.m., with a lunch and break duration of 90 minutes, we calculate the effective work hours. By multiplying the transactions per hour by the effective work hours, we find that approximately 18 transfer slips and 68 withdrawal slips are required. For deposit slips, the usage rate is determined by dividing the number of deposits per day (which is 30% of the total transactions on Friday) by the number of work days between deliveries (which is every second day). Comparing this usage rate to the on-hand balance of 50 deposit slips, we find that 31 deposit slips should be ordered to ensure an adequate supply until the next delivery.
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PLEASE HELPP:
Jones, Inc is trying to schedule a holiday party and would like to collect suggestions about the best date and location from their employees. The company has 200 employees on staff. What is the best form of communication to utilize and why?
Answers
Answer:
the best way is phone
Explanation:
becuase to get all of them in a group and tell them all
Everybody should leave this app and go to question cove. You do not need any points to ask questions and you get correct answers in as little as 30 seconds. Not to mention you can easily message somebody without any problems.
Answers
Answer:
what happened to karlie
Explanation:
What will happen to the market for video games if consumer income drops?
A. Graph 1
B. Graph 2
C. Graph 3
D. Graph 4
Answers
Answer:
a
Explanation:
Which of the following statements best characterizes the bottom line of security for e-commerce?
A) Good security is expensive but critical, and it is the responsibility of the customer to ensure that his or her private information is secure.
B) Good security is inexpensive but critical, and it is the responsibility of the customer to ensure that his or her private information is secure.
C) Good security is expensive but critical, and it is the responsibility of the business to ensure that the customer's private information is secure.
D) Good security is inexpensive but critical, and it is the responsibility of the business to ensure that the customer's private information is secure.
Answers
Answer:
Good security is expensive but critical, and it is the responsibility of the business to ensure that the customer's private information is secure. C
Explanation:
true or false, to advance the progress completion percentage in a smartbook assignment, only one question per concept must be answered correctly
Answers
Answer:
FalseExplanation:
A SmartBook assignment's progress completion % may not always be dependent on correctly answering just one question per idea. The requirements for increasing a SmartBook assignment's progress completion percentage can change based on the particular assignment, the course, and the instructor. It could be determined by properly answering a predetermined number of questions overall, a predetermined number of questions in each topic area, or by doing a predetermined number of activities or evaluations inside the assignment. The easiest way to find out the precise requirements for raising the progress completion percentage in a SmartBook assignment is to study the assignment instructions or speak with the instructor.
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what is the purpose of the trade union?
Answers
It is now early May, and the portfolio manager is expecting funds of RM2 million in September which will be added to his current portfolio. Meanwhile, the share market prices are going uptrend. The manager decides to hedge against the rise in the share market by buying KLCI futures to lock in the favourable price.
The September contract is chosen because the time coincides with the receipt of the anticipated funds. The September contract is currently trading at 980.
We assume that the market continues with its uptrend throughout the following three months. Assume also the portfolio manager holds the contract until it expires on the last business day of September where it closes at 1002.
Required:
a. Determine the number of contracts required to hedge the exposure.
b. Determine the amount the futures contract value if the portfolio manager purchases at the September contract price.
c. Determine the profit that the manager makes from his transaction.
Answers
Number of contracts required to hedge the exposureThe amount of funds to be received in September by the portfolio manager is RM2 million.The value of one contract of the futures is RM50 multiplied by the KLCI Futures Price. According to the data given, the September contract is chosen and is trading at 980.
Thus, the value of one contract of the September futures is RM50 x 980 = RM49,000. The portfolio manager would like to hedge the full exposure amount of RM2 million. The number of contracts required to hedge the exposure would be RM2,000,000/RM49,000 = 40.82 ≈ 41 contracts.
Therefore, 41 contracts are required to hedge the exposure.b. Amount of futures contract value if the portfolio manager purchases at the September contract priceSince the futures contract value is RM50 multiplied by the KLCI Futures Price, the amount of futures contract value if the portfolio manager purchases at the September contract price is RM50 x 980 = RM49,000.
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