BR Company has a contribution margin of 40%. Sales are $312,…
BR Company has a contribution margin of 40%. Sales are $312,500, net operating income is $25,000, and average operating assets are $200,000. What is the company’s return on investment (ROI)? PLEASE SHOW YOUR WORK BY USING THE HONORLOCK ON-SCREEN CALCULATOR.
Read DetailsDermody Snow Removal’s cost formula for its vehicle operatin…
Dermody Snow Removal’s cost formula for its vehicle operating cost is $2,850 per month plus $317 per snow-day. For the month of December, the company planned for activity of 16 snow-days, but the actual level of activity was 14 snow-days. The actual vehicle operating cost for the month was $7,640. The spending variance for vehicle operating cost in December would be closest to (PLEASE SHOW YOUR WORK BY USING THE HONORLOCK ON-SCREEN CALCULATOR):
Read DetailsBW Department Store expects to generate the following sales…
BW Department Store expects to generate the following sales for the next three months: July August September Expected sales $490,000 $540,000 $580,000 BW’s cost of goods sold is 60% of sales dollars. At the end of each month, BW wants a merchandise inventory balance equal to 25% of the following month’s expected cost of goods sold. What dollar amount of merchandise inventory should BW plan to purchase in August? PLEASE SHOW YOUR WORK BY USING THE HONORLOCK ON-SCREEN CALCULATOR.
Read DetailsGipple Corporation makes a product that uses a material with…
Gipple Corporation makes a product that uses a material with the quantity standard of 7.3 grams per unit of output and the price standard of $6.00 per gram. In January the company produced 3,400 units using 24,870 grams of the direct material. During the month the company purchased 27,400 grams of the direct material at $6.10 per gram. The materials price variance for January is (PLEASE SHOW YOUR WORK BY USING THE HONORLOCK ON-SCREEN CALCULATOR):
Read DetailsActi Manufacturing Corporation is estimating the following r…
Acti Manufacturing Corporation is estimating the following raw material purchases for the final four months of the year: September $830,000 October $940,000 November $860,000 December $780,000 At Acti, 40% of raw materials purchases are normally paid for in the month of purchase. The remaining 60% is paid for in the month following the purchase. In Acti’s budgeted balance sheet at December 31, at what amount will accounts payable for raw materials be shown? PLEASE SHOW YOUR WORK BY USING THE HONORLOCK ON-SCREEN CALCULATOR.
Read DetailsStegemann Corporation is a shipping container refurbishment…
Stegemann Corporation is a shipping container refurbishment company that measures its output by the number of containers refurbished. The company has provided the following fixed and variable cost estimates that it uses for budgeting purposes and the actual results of operations for May. Fixed Element per Month Variable Element per Container Refurbished Actual Total for May Revenue $5,300 $156,400 Employee salaries and wages $42,900 $1,300 $82,300 Refurbishing materials $500 $15,100 Other expenses $42,900 $41,900 When the company prepared its planning budget at the beginning of May, it assumed that 27 containers would have been refurbished. However, 29 containers were actually refurbished during May. The spending variance for “Employee salaries and wages” for May would have been closest to (PLEASE SHOW YOUR WORK BY USING THE HONORLOCK ON-SCREEN CALCULATOR):
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