Business, 19.03.2020 20:26 kellylopez7829
McNulty, Inc., produces desks and chairs. A new CFO has just been hired and announces a new policy that if a product cannot earn a margin of at least 35 percent, it will be dropped. The margin is computed as product gross profit divided by reported product cost. Manufacturing overhead for year 1 totaled $945,000. Overhead is allocated to products based on direct labor cost. Data for year 1 show the following. Chairs Desks Sales revenue $ 1,302,600 $ 3,017,000 Direct materials 602,000 980,000 Direct labor 160,000 470,000 Required: a-1. Based on the CFO's new policy, calculate the profit margin for both chairs and desks. a-2. Which of the two products should be dropped
Answers: 1
Business, 21.06.2019 19:30
What preforms the best over the long term? a) bonds b) mutual funds c) stocks d) certificate of deposit
Answers: 2
Business, 22.06.2019 03:30
Diversified semiconductors sells perishable electronic components. some must be shipped and stored in reusable protective containers. customers pay a deposit for each container received. the deposit is equal to the container’s cost. they receive a refund when the container is returned. during 2018, deposits collected on containers shipped were $856,000. deposits are forfeited if containers are not returned within 18 months. containers held by customers at january 1, 2018, represented deposits of $587,000. in 2018, $811,000 was refunded and deposits forfeited were $41,000. required: 1. prepare the appropriate journal entries for the deposits received and returned during 2018. 2. determine the liability for refundable deposits to be reported on the december 31, 2018, balance sheet.
Answers: 1
Business, 22.06.2019 06:30
Select all that apply. select the ways that labor unions can increase wages. collective bargaining reducing the labor supply increasing the demand for labor creating monopolies
Answers: 1
Business, 22.06.2019 09:00
What should a food worker use to retrieve ice from an ice machine?
Answers: 1
McNulty, Inc., produces desks and chairs. A new CFO has just been hired and announces a new policy t...
Mathematics, 04.10.2019 23:00
History, 04.10.2019 23:00
Mathematics, 04.10.2019 23:00
Chemistry, 04.10.2019 23:00
Biology, 04.10.2019 23:00
Biology, 04.10.2019 23:00
Health, 04.10.2019 23:00
History, 04.10.2019 23:00
Social Studies, 04.10.2019 23:00
Mathematics, 04.10.2019 23:00