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Homework Answers
ROI
= (Contribution margin - Controllable fixed costs) / Average operating assets
= (130,000-50,000)/2,000,000
= 4%
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Please understand that an incorrect answer from you will trigger negative feedback and a downvote from...
Please understand that an incorrect answer from you will trigger
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Witter Company had the following information: Selling price per unit $240 Variable costs per unit Manufacturing $120 Selling and administrative $24 Fixed costs per month Manufacturing $160,000 Selling and administrative $80,000 What is the flexible budget net income for 15,000 units? $3,600,000 $1,440,000 $3,240,000 $1,200,000
please know that an incorrect answer from you will result in a downvote, negative feedback, and...
please know that an incorrect answer from you will result in a
downvote, negative feedback, and a tweet to customer service. The
correct answer will receive an upvote and positive feedback
immediately. Thank you.
Favorable or unfavorable?
BULJLIUM10.JPURILJ) You have this data for a product made by ToolTime Company. Direct Materials standards are Quantity standard - 1.5 pounds Price standard - $4 per pound 2,000 units were produced in April. During April, the company actually purchased and used 3,100 pounds...
please know that an incorrect answer from you will result in a downvote, negative feedback, and...
please know that an incorrect answer from you will result in a
downvote, negative feedback, and a tweet to customer service. The
correct answer will receive an upvote and positive feedback
immediately. Thank you.
Favorable or unfavorable?
Question 2 (0.5 points) You have this data for a product made by Elliott Company. Direct Materials standards are Quantity standard - 10 pounds Price standard - $4 per pound 220 units were produced in March. During March, the company actually purchased and...
please know that an incorrect answer from you will result in a downvote, negative feedback, and...
please know that an incorrect answer from you will result in a
downvote, negative feedback, and a tweet to customer service. The
correct answer will receive an upvote and positive feedback
immediately. Thank you.
Favorable or unfavorable?
You have this data for a product made by Shows Company. Direct Labor standards are Quantity standard - 2 hours Price standard - $14 per hour 1,500 units were produced in September. During September, the company actually used 3,100 hours of direct labor...
please solve the incorrect answer and show me the steps how did you get the right...
please solve the incorrect answer and show me the steps how did
you get the right answer?
Return to question The semiconductor business of the California Microtech Corporation qualifies as a component of the entity according to GAAP. The book value of the assets of the segment was $10 million. The loss from operations of the segment during 2021 was $3.70 million. Pretax income from continuing operations for the year totaled $5.90 million. The income tax rate is 25%. Assume...
good evening. can you please answer these for me please. thanks and have a great day...
good evening. can you please answer these for me
please. thanks and have a great day
"I know headquarters wants us to add that new product line," said Dell Havasi, manager of Billings Company's Office Products Division "But I want to see the numbers before I make any move. Our division's return on investment (ROI) has led the company for three years, and I don't want any letdown." Billings Company is a decentralized wholesaler with five autonomous divisions. The divisions...
Division from last year. The Controller has asked you to compute the ROI and Residual Income...
Division from last year. The Controller has asked you to compute the ROI and Residual Income based on data from last year and if the division adds a new product line. Use the Information Included in the Excel Simulation and the Excel functions described below to complete the task. . Cell Reference: Allows you to refer to data from another cell in the worksheet. From the Excel Simulation below. If in a blank cell. "=G5" was entered, the formula would...
PLEASE ANSWER ONLY # 11, 12, 14 as on the pictures bellow and only the parts that are wrong. Thank you. Genuine Spice In...
PLEASE ANSWER ONLY # 11, 12, 14 as on the pictures bellow and
only the parts that are wrong. Thank you.
Genuine Spice Inc. began operations on January 1 of the current
year. The company produces eight- ounce bottles of hand and body
lotion called Eternal Beauty. The lotion is sold wholesale in
12-bottle cases for $100 per case. There is a selling commission of
$20 per case. The January direct materials, direct labor, and
factory overhead costs are as...
CASE 1-5 Financial Statement Ratio Computation Refer to Campbell Soup Company's financial Campbell Soup statements in...
CASE 1-5 Financial Statement Ratio Computation Refer to Campbell Soup Company's financial Campbell Soup statements in Appendix A. Required: Compute the following ratios for Year 11. Liquidity ratios: Asset utilization ratios:* a. Current ratio n. Cash turnover b. Acid-test ratio 0. Accounts receivable turnover c. Days to sell inventory p. Inventory turnover d. Collection period 4. Working capital turnover Capital structure and solvency ratios: 1. Fixed assets turnover e. Total debt to total equity s. Total assets turnover f. Long-term...
Please understand that an incorrect answer from you will trigger
negative feedback and a downvote from me.
Witter Company had the following information: Selling price per unit $240 Variable costs per unit Manufacturing $120 Selling and administrative $24 Fixed costs per month Manufacturing $160,000 Selling and administrative $80,000 What is the flexible budget net income for 15,000 units? $3,600,000 $1,440,000 $3,240,000 $1,200,000
please know that an incorrect answer from you will result in a
downvote, negative feedback, and a tweet to customer service. The
correct answer will receive an upvote and positive feedback
immediately. Thank you.
Favorable or unfavorable?
BULJLIUM10.JPURILJ) You have this data for a product made by ToolTime Company. Direct Materials standards are Quantity standard - 1.5 pounds Price standard - $4 per pound 2,000 units were produced in April. During April, the company actually purchased and used 3,100 pounds...
please know that an incorrect answer from you will result in a
downvote, negative feedback, and a tweet to customer service. The
correct answer will receive an upvote and positive feedback
immediately. Thank you.
Favorable or unfavorable?
Question 2 (0.5 points) You have this data for a product made by Elliott Company. Direct Materials standards are Quantity standard - 10 pounds Price standard - $4 per pound 220 units were produced in March. During March, the company actually purchased and...
please know that an incorrect answer from you will result in a
downvote, negative feedback, and a tweet to customer service. The
correct answer will receive an upvote and positive feedback
immediately. Thank you.
Favorable or unfavorable?
You have this data for a product made by Shows Company. Direct Labor standards are Quantity standard - 2 hours Price standard - $14 per hour 1,500 units were produced in September. During September, the company actually used 3,100 hours of direct labor...
please solve the incorrect answer and show me the steps how did
you get the right answer?
Return to question The semiconductor business of the California Microtech Corporation qualifies as a component of the entity according to GAAP. The book value of the assets of the segment was $10 million. The loss from operations of the segment during 2021 was $3.70 million. Pretax income from continuing operations for the year totaled $5.90 million. The income tax rate is 25%. Assume...
good evening. can you please answer these for me
please. thanks and have a great day
"I know headquarters wants us to add that new product line," said Dell Havasi, manager of Billings Company's Office Products Division "But I want to see the numbers before I make any move. Our division's return on investment (ROI) has led the company for three years, and I don't want any letdown." Billings Company is a decentralized wholesaler with five autonomous divisions. The divisions...
Division from last year. The Controller has asked you to compute the ROI and Residual Income based on data from last year and if the division adds a new product line. Use the Information Included in the Excel Simulation and the Excel functions described below to complete the task. . Cell Reference: Allows you to refer to data from another cell in the worksheet. From the Excel Simulation below. If in a blank cell. "=G5" was entered, the formula would...
PLEASE ANSWER ONLY # 11, 12, 14 as on the pictures bellow and
only the parts that are wrong. Thank you.
Genuine Spice Inc. began operations on January 1 of the current
year. The company produces eight- ounce bottles of hand and body
lotion called Eternal Beauty. The lotion is sold wholesale in
12-bottle cases for $100 per case. There is a selling commission of
$20 per case. The January direct materials, direct labor, and
factory overhead costs are as...
CASE 1-5 Financial Statement Ratio Computation Refer to Campbell Soup Company's financial Campbell Soup statements in Appendix A. Required: Compute the following ratios for Year 11. Liquidity ratios: Asset utilization ratios:* a. Current ratio n. Cash turnover b. Acid-test ratio 0. Accounts receivable turnover c. Days to sell inventory p. Inventory turnover d. Collection period 4. Working capital turnover Capital structure and solvency ratios: 1. Fixed assets turnover e. Total debt to total equity s. Total assets turnover f. Long-term...
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