Problem 16-50 prepare flexible budget (lo 16-2) odessa, inc., reports the following information concerning operations for the most recent month: actual (based on actual of 540 units) master budget (based on budgeted 600 units) sales revenue $ 88,320 $ 96,000 less manufacturing costs direct labor 13,632 14,400 materials 11,520 13,440 variable overhead 7,872 9,600 marketing 5,088 5,760 administrative 4,800 4,800 total variable costs $ 42,912 $ 48,000 contribution margin $ 45,408 $ 48,000 fixed costs manufacturing 4,665 4,800 marketing 9,984 9,600 administrative 9,561 9,600 total fixed costs $ 24,210 $ 24,000 operating profits $ 21,198 $ 24,000

1) u.s. real gdp is substantially higher today than it was 60 years ago. what does this tell us, and what does it not tell us, about the well-being of u.s. residents? what are the limitations of the gdp as a measure of economic well-being? given the limitations, why is gdp usually regarded as the best single measure of a society’s economic well-being? 2) what is an intermediate good? how does an intermediate good differ from a final good? explain why it is the case that the value of intermediate goods produced and sold during the year is not included directly as part of gdp, but the value of intermediate goods produced and not sold is included directly as part of gdp.

Sunset foods relies on a highly centralized functional structure to ensure consistency in the quality and taste of its products and to drive down costs via process innovations. however, as a consequence of its highly compartmentalized structure, the firm has found it difficult to transfer information and ideas from one department to the next. with the launch of its new line of breakfast foods coming up, how can sunset improve its ability to collaborate without sacrificing the benefits of its current structure

Which type of tax is imposed on specific goods and services at the time of purchase? question 12 options: estate excise general sales value-added