Business, 20.08.2019 17:10 econsta3

Milden company has an exclusive franchise to purchase a product from the manufacturer and distribute it on the retail level. as an aid in planning, the company has decided to start using a contribution format income statement. to have data to prepare such a statement, the company has analyzed its expenses and has developed the following cost formulas: cost cost formulacost of good sold $26 per unit soldadvertising expense $183,000 per quartersales commissions 7% of salesshipping expense ? administrative salaries $93,000 per quarterinsurance expense $10,300 per quarterdepreciation expense $63,000 per quartermanagement has concluded that shipping expense is a mixed cost, containing both variable and fixed cost elements. units sold and the related shipping expense over the last eight quarters follow: quarter units sold shippingexpenseyear 1: first 29,000 $ 173,000second 31,000 $ 188,000third 36,000 $ 230,000fourth 32,000 $ 193,000year 2: first 30,000 $ 183,000second 33,000 $ 198,000third 47,000 $ 245,000fourth 44,000 $ 221,000milden company’s president would like a cost formula derived for shipping expense so that a budgeted contribution format income statement can be prepared for the next quarter. using the high-low method, estimate a cost formula for shipping expense

Answers: 3

Show answers

Another question on Business

Business, 22.06.2019 12:30

In the 1970s, kmart used blue light specials to encourage customers to flock to a particular department having a temporary sale. a spinning blue light activated for approximately 30 seconds, and then an in-store announcement informed shoppers of the special savings in the specific department. over time, loyal kmart shoppers learned to flock to the department with the spinning blue light before any announcement of special savings occurred. if kmart was employing classical conditioning techniques, what role did the spinning blue light play?

Answers: 3

Answer

Business, 22.06.2019 20:00

An arithmetic progression involves the addition of the same quantity to each number.which might represent the arithmetic growth of agricultural production

Answers: 3

Answer

Business, 22.06.2019 20:00

Double corporation acquired all of the common stock of simple company for

Answers: 1

Answer

Business, 22.06.2019 23:30

The upper-level managers of synergy technology are meeting for the week to look at the long-term company goals and overall direction of the organization. the ceo has expressed her concern over the economy and has told her managers to look closely at the environment outside the organization before making decisions and to be future oriented. in this meeting, top managers of synergy are

Answers: 2

Answer

You know the right answer?

Milden company has an exclusive franchise to purchase a product from the manufacturer and distribute...

Questions