Business, 30.09.2019 19:00 tyliahhayes
Marwick's pianos, inc., purchases pianos from a large manufacturer and sells them at the retail level. the pianos cost, on the average, $2,450 each from the manufacturer. marwick's pianos inc, sells pianos to its customer at an average price of $3,125 each. the selling and administrative costs that the company incurs in a typical month are presented below:
costs cost formula
selling:
advertising $700 per month
sales salaries asnd commissions $950 per month, plus 8% of sales
delivery of pianos to customers $30 per piano sold
utilities $350 per month
depreciation of sales facilities $800 per month
administrative:
executive salaries $2,500 per month
insurance $400 per month
clerical $1,000 per month, plus $20 per piano sold
depreciation of office equipment $300 per month
during august, marwick's pianos, inc., sold and delivered 40 pianos.
required:
1. prepare an income statement for marwick's pianos, inc. for august. use the traditional format, with costs organized by function.
2. redo (1) above, this time using the contribution format, with costs organized by behavior. show costs and revenues on both a total and a per unit basis down through contribution margin.
Answers: 2
Business, 21.06.2019 19:20
What impact did the economic opportunities in pennsylvania and new york have on virginia? a. virginia planters started to migrate to new york. b. new yorkers began buying up cheap virginia real estate. c. virginians found themselves resorting increasingly to slavery. d. virginians loosened their slave laws to attract more migrants.
Answers: 2
Business, 22.06.2019 08:30
In risk management, what does risk control include? a. risk identification b. risk analysis c. risk prioritization d. risk management planning e. risk elimination need this answer now : (
Answers: 3
Business, 22.06.2019 10:50
The uptowner just paid an annual dividend of $4.12. the company has a policy of increasing the dividend by 2.5 percent annually. you would like to purchase shares of stock in this firm but realize that you will not have the funds to do so for another four years. if you require a rate of return of 16.7 percent, how much will you be willing to pay per share when you can afford to make this investment?
Answers: 3
Marwick's pianos, inc., purchases pianos from a large manufacturer and sells them at the retail leve...
Computers and Technology, 04.03.2020 23:22
Mathematics, 04.03.2020 23:22
Mathematics, 04.03.2020 23:23