Ex 22-4 flexible budget for assembly department obj. 2 steelcase inc. is one of the largest manufacturers of office furniture in the united states. in grand rapids, michigan, it assembled filing cabinets in an assembly department. assume the following information for the assembly department: direct labor per filing cabinet . . . . . . . . . . . . . . . . . . . . 12 minutes supervisor salaries . . . . . . . . . . . . . . . . . . . . . . . . . $150,000 per month depreciation . . . . . . . . . . . . . . . . . . . . . . . . . . . $24,500 per month direct labor rate . . . . . . . . . . . . . . . . . . . . . . . . . . $22 per hour

prepare a flexible budget for 18,000, 20,000, and 22,000 filing cabinets for the month of august in the assembly department, similar to exhibit 5.

Carver company produces a product which sells for $30. variable manufacturing costs are $15 per unit. fixed manufacturing costs are $5 per unit based on the current level of activity, and fixed selling and administrative costs are $4 per unit. a selling commission of 10% of the selling price is paid on each unit sold. the contribution margin per unit is:

Suppose that two firms produce differentiated products and compete in prices. as in class, the two firms are located at two ends of a line one mile apart. consumers are evenly distributed along the line. the firms have identical marginal cost, $60. firm b produces a product with value $110 to consumers.firm a (located at 0 on the unit line) produces a higher quality product with value $120 to consumers. the cost of travel are directly related to the distance a consumer travels to purchase a good. if a consumerhas to travel a mile to purchase a good, the incur a cost of $20. if they have to travel x fraction of a mile, they incur a cost of $20x. (a) write down the expressions for how much a consumer at location d would value the products sold by firms a and b, if they set prices p_{a} and p_{b} ? (b) based on your expressions in (a), how much will be demanded from each firm if prices p_{a} and p_{b} are set? (c) what are the nash equilibrium prices?

For the year ended december 31, a company has revenues of $323,000 and expenses of $199,000. the company paid $52,400 in dividends during the year. the balance in the retained earnings account before closing is $87,000. which of the following entries would be used to close the dividends account?