Ex 22-4 flexible budget for assembly department obj. 2 steelcase inc. is one of the largest manufacturers of office furniture in the united states. in grand rapids, michigan, it assembled filing cabinets in an assembly department. assume the following information for the assembly department: direct labor per filing cabinet . . . . . . . . . . . . . . . . . . . . 12 minutes supervisor salaries . . . . . . . . . . . . . . . . . . . . . . . . . $150,000 per month depreciation . . . . . . . . . . . . . . . . . . . . . . . . . . . $24,500 per month direct labor rate . . . . . . . . . . . . . . . . . . . . . . . . . . $22 per hour

prepare a flexible budget for 18,000, 20,000, and 22,000 filing cabinets for the month of august in the assembly department, similar to exhibit 5.

Verizon communications, inc., provides the following footnote relating to its leasing activities in its 10-k report. the aggregate minimum rental commitments under noncancelable leases for the periods shown at december 31, 2010, are as follows: years (dollars in millions) capital leases operatingleases 2011 $97 $1,898 2012 74 1,720 2013 70 1,471 2014 54 1,255 2015 42 1,012 thereafter 81 5,277 total minimum 418 $ 12,633 rental commitments less interest and (86) executory costs present value of 332 minimum lease payments less current (75) installments long-term obligation $257 at december 31, 2010 (a) confirm that verizon capitalized its capital leases using a rate of 7.4 %. (b) compute the present value of verizon's operating leases, assuming an 7.4% discount rate and rounding the remaining lease term to 3 decimal places. (use a financial calculator or excel to compute. do not round until your final answers. round each answer to the nearest whole number.)

Tri fecta, a partnership, had revenues of $369,000 in its first year of operations. the partnership has not collected on $45,000 of its sales and still owes $39,500 on $155,000 of merchandise it purchased. there was no inventory on hand at the end of the year. the partnership paid $27,000 in salaries. the partners invested $48,000 in the business and $23,000 was borrowed on a five-year note. the partnership paid $2,070 in interest that was the amount owed for the year and paid $9,500 for a two-year insurance policy on the first day of business. compute net income for the first year for tri fecta.

One country has a comparative advantage over another country in the production of a good if ithas a curved production possibilities curve and the other country has a linear production possibilities curve.has lower fixed costs than the other country. has a linear production possibilities curve and the other country has a curved production possibilities curve.is a lower opportunity cost producer of the good.