State road fabricators inc. is considering eliminating model a02777 because of losses over the past quarter. the past three months of information for model a02777 are summarized below: sales (1,100 units) $370,000 manufacturing costs: direct materials 160,000 direct labor ($15 per hour) 80,000 overhead 150,000 operating loss ($20,000) overhead costs are 75% variable and the remaining 25% is depreciation of special equipment for model a02777 that has no resale value. if model a02777 is dropped from the product line, operating income will
a. decrease by $20,000
b. increase by $37,500
c. decrease by $17,500
d. increase by $20,000
Answers: 3
Business, 21.06.2019 22:10
3. now assume that carnival booked lady antebellum in december 2016 to perform on the june 2017 western caribbean cruise. further assume that carnival pays lady antebellum its entire performance fee of $52,000 on december 28, 2016, for the june 2017 cruise. what journal entry will carnival make on december 28, 2016, for its payment to lady antebellum?
Answers: 1
Business, 22.06.2019 05:50
Match each of the terms below with an example that fits the term. a. fungibility the production of gasoline b. inelasticity the switch from coffee to tea c. non-excludability the provision of national defense d. substitution the demand for cigarettes
Answers: 2
Business, 22.06.2019 21:30
The year-end financial statements of calloway company contained the following elements and corresponding amounts: assets = $34,000; liabilities = ? ; common stock = $6,400; revenue = $13,800; dividends = $1,450; beginning retained earnings = $4,450; ending retained earnings = $8,400. based on this information, the amount of expenses on calloway's income statement was
Answers: 1
Business, 23.06.2019 08:00
If consumers start to believe they need a product, what is likely to happen? a. the demand becomes less elastic. b. the demand becomes more elastic. c. the supply decreases. d. the price decreases.
Answers: 1
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