2b. Assume the company uses variable costing. Prepare its income statement for the year under variable costing. COOL SKY Variable Costing Income Statement Net income (loss) Required information Exercise 19-9 Income statement under absorption costing and variable costing LO P1, P2 (The following information applies to the questions displayed below.] Cool Sky reports the following costing data on its product for its first year of operations. During this first year, the company produced 40,000 units and sold 32,000 units at a price of $110 per unit. Manufacturing costs Direct materials per unit Direct labor per unit Variable overhead per unit Fixed overhead for the year Selling and administrative costs Variable selling and administrative cost per unit Fixed selling and administrative cost per year $ 42 $ 16 $ 5 $360,000 $ 11 $ 115,000 Exercise 19-9 Part 2b 2b. Assume the company uses variable costing. Prepare its income statement for the year under variable costing.

Answers

Answer 1

An income statement is used for reporting financial performance over an accounting period.  The other two statements are cash flows and balance sheets.  

An income statement is also called a revenue and expense statement.  It mainly focuses on a company's revenues and expenses during a particular period.  It is an important part of a company's performance reports.

Under variable costing, Cool Sky’s Income Statement for the year would be as follows:

Revenue: 32,000 units x $110 = $3,520,000

Cost of Goods Sold: 32,000 units x ($42 + $16 + $5) = $1,440,000

Gross Profit: $3,520,000 - $1,440,000 = $2,080,000

Selling and Administrative Costs: 32,000 units x ($11 + $115,000) = $416,000

Net Income (Loss): $2,080,000 - $416,000 = $1,664,000

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Related Questions

the price that the buyer of a call option pays to acquire the option is called the group of answer choices acquisition price. strike price. premium exercise price.

Answers

The price that the buyer of a call option pays to acquire the option is called premium.

Financial contracts known as call option grant the option buyer the right, but not the duty, to purchase a stock, or other asset or instrument at a particular price within a predetermined window of time. The underlying asset is a stock, bond, or product.

Depending on the context, the term "premium" in finance can signify multiple things. It may refer to the price of purchasing an option or an insurance policy. It can also refer to a bond's or other security's price that is higher than its issuance cost or intrinsic value. Lending money to pay for insurance premiums, primarily for life insurance, is known as premium finance.

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What should you not do during a hostage rescue attempt?

Answers

Answer:

1) Remain still and low to the ground. 2) Encourage others around you to remain calm.

I D K

Explanation:

Avoid attempting to negotiate or offer advice. Hostage takers occasionally force hostages to make requests. If this occurs, say what they want you to say, avoid making your hostage captors angry, and avoid attempting to play the hero.

What do you mean by Hostage?

A person who has been forcibly and illegally taken prisoner is known as a hostage. The hostage-takers seek to make claims against other parties, which is why they are keeping, and occasionally even threatening, the captive. It is against the law to take hostages.

Hostage killing was listed as a war crime in the International Military Tribunal Statute on August 8, 1945.

The execution of hostages by German troops in the occupied territories was categorized as clearly excessive due to their excessive tendencies war crimes an in the trial against the generals in south-eastern Europe.

The court described the shooting of hostages as barbaric but legal reprisals under international law. The Geneva Convention for the Protection of Civilian Persons in Time of War of 1949.

People have historically been held as hostages and forced to live there by the opposing party to enforce a contract.

They were frequently the sons of honorable tributary state representatives, who were frequently treated with respect and raised in the host nation. Attila and Theodoric the Great are two prominent examples.

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What is most likely to cause a lender to deny credit?

Group of answer choices

Few credit and loan applications

A low debt-to-credit ratio

Missed payments on revolving credit

Variety of credit type used

Answers

Answer:

Missed payments on revolving credit

Explanation:

Lenders use credit history and income level to assess the borrower's ability to repay a loan. Missing on installment payments or defaulting on revolving credit payments is indicative of a high-risk borrower. The lender will judge such a customer are highly likely to default on the loan.

Missing installments could communicate an inability to repay due to inadequate income, too many debts, or poor money management. Lenders will reject a loan application from such a borrower due to the high risk of lending to the customer.

corporation meaning in simple terms

Answers

Answer: A corporation is a legal entity that is separate and distinct from its owners.

A corporation is a legal form of business that is separate from its owners. In other words, it's a business that is a separate legal entity from its shareholders.


Hope this helps, make brainliest c:

nursing is a human service .clarify it

Answers

\(\Huge\bf\red{AnsweR:}\)

Nursing is a human service. As in nursing we help the patients to get well. Not only for salary, they personly also try to help the patient with a lot care. Some nurses also treat the patient as their own family. Thus, nursing is a human service.

Help me please ASAP.

Help me please ASAP.

Answers

your answer is D because i took the test a couple of days back

Question 13 of 20
Which part of the product life cycle typically includes consumer tests and a
high advertising budget?
A. Introduction stage
B. Decline stage
C. Growth stage
D. Maturity stage

Answers

Answer:

introduction stage

Explanation:

it's making me have 20 characters so it's just introduction stage to introduce a new product

What is the 99 in money
example: 5.99

Answers

Answer:

7.99

Explanation:

Dollars or pounds?????

i believe the .99 is the amount of cents

answer this question plz n thank you. (posted the 1st n 2nd question. gonna post 2 other ones.)
3. Many jobs in the Personal Services pathway—such as hairdresser, personal trainer, massage therapist or barber—involve caring for people’s physical needs. List two important qualities that might be needed for success in these kinds of careers and explain how each of the qualities you mentioned are important to finding success in this field.

Answers

Answer:

Confidece, and empathy.

Explanation:

Confidence to know you will do great at your job, and empathy to know how others feel about themselves!

Hope this helps! Brainliest plz!

if your only income is salary paid by your employer, which of these statements about filing your taxes is true?

Answers

By April 15 of the following year, you must prepare your tax return or file a request for an extension. A tax is a mandatory financial charge or other sort of levy that is levied against a taxpayer even by government.

Who are taxpayers?

Any person or business that owes taxes here to federal, state, or local governments is referred to as a taxpayer. Governments mostly obtain their funding from taxes on both citizens and companies.

How can I find out if I pay taxes?

According to the rules of Income Tax Act, a client is a person or a corporation that pays taxes on its income each year. It becomes official after you submit tax returns and detail your earnings.

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What impact do policy interventions have on the supply and demand equilibrium for a product?.

Answers

Policy interventions can impact the supply and demand equilibrium for a product by leading to a disequilibrium between demand and supply.

What are impact of policy interventions?

Policy interventions are when the government give directives in order to bring about a desired effect. For example, the government can institute a bind price ceiling. This means that the goverment sets the maxium price for a good. This would lead for an excess of demand over supply.

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In international trade jargon, constant-cost production-possibility curves are associated with ________ specialization, while increasing-cost production-possibility curves are associated with ________ specialization.

a. complete
b. nopartial
c. completecomplete
d. partialno
e. partial

Answers

Answer:

For 1st e and for 2nd b

Explanation:

I don't remember correctly

when should you use remarketing lists for search ads certification

Answers

Remarketing lists for search ads (RLSA) are powerful tools that allow you to reach and engage with potential customers who have previously interacted with your website. The purpose of RLSA is to help you create tailored and highly relevant search ads to target visitors who have already shown an interest in your product or service.

This can lead to higher conversion rates, increased click-through rates (CTR), and better return on investment (ROI). When to use remarketing lists for search ads certification: RLSA can be used in a variety of situations to improve the effectiveness of your search ads campaign. Here are a few examples:

1. Targeted campaigns - RLSA can be used to create targeted campaigns for visitors who have already shown an interest in specific products or services. For example, if you have a website that sells running shoes, you can use RLSA to target visitors who have already viewed your running shoe product pages.

2. Bid adjustments - RLSA can be used to adjust bids for specific audiences. You can use bid adjustments to increase or decrease your bids based on the performance of your ads for specific audiences.

3. Cross-selling - RLSA can be used to cross-sell products to existing customers.

For example, if you have a website that sells cameras, you can use RLSA to target customers who have already purchased a camera from your website and promote accessories such as lenses or tripods. Overall, RLSA is a powerful tool that can help you improve the effectiveness of your search ads campaign. It can be used in a variety of situations to create targeted campaigns, adjust bids, and cross-sell products to existing customers.

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Your company has developed an organic molecule with commercial potential and you know how to produce it in the lab. You want to increase production and make as much of the molecule as possible, but the reaction has a positive δg°. What can you do to try to drive the reaction toward your desired product?.

Answers

You can continually remove products increase the concentration of reactant to try to drive the reaction toward your desired product.    

A system that is already in equilibrium is thrown out of equilibrium by the addition of an additional quantity of one of the reactor or one of the products. Then, in order to return the situation to equilibrium, either the forward or the reverse primer will take place. Le Chatelier's concept makes it simple to determine which of these two outcomes will occur.     The system will adjust to counteract the increase in concentration of this component if we increase the amount of one of the products. To some extent, the opposite reaction will take place so that part of the extra product can be digested. On the other hand, the system will adjust by enabling the forward reaction to happen if one of the reactants is added.

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The impact of Furman v. Georgia (1972) was that states had to

promise to use the death penalty only with approval from the Supreme Court.
throw out the old Miranda warning and write a new one.
agree to throw out all state laws regarding crime and impose national standards.
create clear standards to be applied fairly before imposing the death penalty.

Answers

Answer:  D.create clear standards to be applied fairly before imposing the death penalty.

Explanation: The answer it's right there

The impact of  Furman v. Georgia (1972) was that states had to

create clear standards to be applied fairly before imposing the death penalty.

The Furman v. Georgia case

This was a case that had to do with the cruel and the unusual way that people faced in the death penalty.

The case ruled that the death penalty was unconstitutional if it was applied in a discriminatory way.

It ruled that the eight amendment was being violated if used in this way.

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What are the top 5 air compressors?

Answers

Answer:

1. Makita MAC2400 Big Bore 2.0 HP Air Compressor

2. Industrial Air ILA1883054 30-Gallon Hi-Flo Single Stage Cast-Iron Air Compressor

3. Porter-Cable C2002-WK Oil-Free UMC Pancake Compressor

4. DEWALT DWFP55126 6-Gallon 165 PSI Pancake Compressor

5. Senco PC1010 1-Horsepower Peak, 1/2 hp running 1-Gallon Compressor

what about when the quantity demanded decreases in response to a change in price

Answers

When the quantity demanded decreases in response to a change in price,  the demand curve shifts to the left.

The shift in the demand curve occurs because a change in price changes the level of consumer demand. Generally, when the price of a good or service increases, consumers will demand less of it because it becomes relatively more expensive compared to other alternatives. As a result, the quantity demanded decreases and the demand curve shifts to the left.

Conversely, if the price of a good or service decreases, it becomes relatively less expensive compared to other alternatives and consumers will demand more of it. This results in an increase in quantity demanded, causing the demand curve to shift to the right.

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In a population of 1000 cells, 200 are in various phase of the M stage. For those in interphase, 400 have 1X amount of DNA, 200 have 2X amount of DNA, and the rest have somewhere in between 1X and 2X amount of DNA. What is the total length of the cell cycle if the S phase has a duration of 5 hours?

Answers

Answer:

The answer is 25 hours

Explanation:

Solution

Given that:

The total number of cells = 1000 cells

The M -phase = 200 cells

In interphase it becomes:

1 X DNA = 400 cells

2X DNA = 200 cells

In between 1X and 2X = 200 cells

The duration of S phase = 5 hours

Now

The first step to take is to calculate the mitotic index of cells which is given as:

Mitotic Index = The number of cells in mitosis/Total number of cells * 100

Thus

Mitotic Index  =Number of cells in prophase + metaphase +anaphase + telophase (P+M+A+T)/1000 * 100

=200/1000 * 100

=20%

Now from the cell cycle 20% is 5 hours, then 100% which is the length of total cell cycle. is about 25 hours.

If you are trying to establish a credit history, would you use credit to make a purchase even if you could pay cash? Why?

Answers

Answer:

By using credit, you're building up your overall score. Cash purchases go unnoticed by companies and your bank.

Explanation:

Is Microsoft’s decision to go carbon negative by 2030 in the best interests of Microsoft’s stockholders? What about other stakeholders such as the company’s customers, employees, suppliers, and the communities in which it does business?
2. What would the Friedman doctrine suggest about Microsoft’s decision to go carbon negative by 2030?

Answers

Microsoft's decision to go carbon negative by 2030 is in the best interests of its stockholders as well as other stakeholders, including customers, employees, suppliers, and the communities in which it does business.

Microsoft's commitment to becoming carbon negative by 2030 aligns with growing societal and environmental concerns regarding climate change. By taking proactive steps to reduce its carbon footprint and transition to renewable energy sources, Microsoft is positioning itself as a responsible and sustainable company. This can have positive effects on its stockholders' investments by enhancing the company's long-term reputation, attracting socially conscious investors, and mitigating potential regulatory and financial risks associated with carbon emissions.

Furthermore, Microsoft's focus on sustainability can benefit other stakeholders. Customers are increasingly demanding environmentally friendly products and services, and Microsoft's carbon-negative approach can strengthen its appeal to environmentally conscious consumers. Employees are more likely to be motivated and engaged when working for a company that aligns with their values and addresses environmental challenges. Suppliers may also be positively influenced by Microsoft's commitment to sustainability, leading to more collaborative and mutually beneficial partnerships. Additionally, the communities in which Microsoft operates can benefit from reduced pollution and improved environmental conditions.

From the perspective of the Friedman doctrine, which emphasizes shareholder primacy, the decision to go carbon negative may be seen as a deviation from the sole purpose of maximizing profits for stockholders. According to this view, companies should focus solely on generating financial returns for their shareholders and leave social and environmental concerns to external entities. However, this perspective may not fully capture the evolving expectations of stakeholders and the long-term sustainability of businesses. Embracing environmental responsibility can lead to improved brand reputation, increased customer loyalty, and enhanced long-term profitability.

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Island Novelties, Inc., of Palau makes two products, Hawaiian Fantasy and Tahitian Joy. Present revenue, cost, and sales data for the two products follow. Fixed expenses total 475,800 per year. The Republic of Palau uses the U.S. dollar as its currency.
(b) The company has developed a new product to be called Samoan Delight. Assume that the company could sell 10,000 units at 45 each. The variable expenses would be 36 each. The company's fixed expenses would not change. (i). Prepare another contribution format income statement, including sales of the Samoan Delight (sales of the other two products would not change). (ii). Compute the company's new break-even point in dollars and the new margin of safety in both dollars and percent.

Answers

Break-even point in dollar sales = fixed expense/contribution margin ratio

Break even point in dollar sales =  475800 /49% = $971020

the margin of safety             = actual sales - break-even sales

margin of safety    = 1250000 - 971020 = $278980

The margin of safety percentage = margin of safety/actual sales

Margin of safety percentage =  278980 / 1250000 = 22.32%.

Generally, to calculate the break-even point for your business, divide your fixed costs by your gross profit margin. This gives the company the amount it needs to reach breakeven. When it comes to stocks, if a trader buys a stock with his $200, and nine months later he drops from $250 and then he hits $200 again, it's gone bankrupt.

The breakeven point is the point where total costs equal total revenues. In other words, there is no loss and no profit for SMEs. This means that we have reached a stage of production where the cost of production equals the revenue of the product.

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If you were the president of the philippines, what are your strategies to cope with the issues on education.

Answers

Increase funding for education: One of the most important strategies for improving education is to increase funding for schools and teachers. This could involve increasing the national budget for education, as well as providing more resources and support to individual schools and teachers.

Improve teacher training: Another important strategy is to invest in teacher training programs that will improve the quality of teaching and support for students. This could include providing ongoing professional development opportunities, mentorship programs, and incentives for teachers who demonstrate exceptional performance.

Promote early childhood education: Research has shown that early childhood education can have a significant impact on a child's development and long-term success in school. As such, promoting access to quality early childhood education should be a priority for the government.

Expand access to technology: Technology can be a powerful tool for enhancing learning and providing students with new opportunities. To cope with the issues on education, it would be important to invest in technology infrastructure and provide students with access to computers and other devices.

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You receive a text alert that you must fertilize 14 more acres in the next hour before it begins to rain. what should you do?

Answers

If you have received a text alert that you must fertilize 14 more acres in the next hour before it begins to rain, the first thing you should do is assess whether or not it is possible to complete the task within the given time frame.

You can estimate how much time it typically takes to fertilize an acre and then multiply that by the number of acres remaining to determine if it is feasible to finish in one hour.

If you determine that it is possible to complete the task within the given time frame, you should immediately begin fertilizing the acres. However, if you estimate that it will take more than an hour to complete the task, it is important to prioritize the most important acres to fertilize based on factors such as the crops grown in that area and the impact of the fertilizer on the yield.

In any case, it is important to work quickly and efficiently to maximize the area covered within the given time frame. If necessary, you can also consider asking for help from colleagues or bringing in additional equipment to help speed up the process.

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Critique the following statement: “Safety is not important in offices or retail workplaces.”

Answers

Answer:

Safety is important in every workplace. Even in low risk work places, there are certain occupational hazards, like musculoskeletal disorders, including carpal tunnel syndrome and repetitive stress injuries.

Explanation:

The answer the site said after I took it

Answer:

Safety is important in every workplace. Even in low risk work places, there are certain occupational hazards, like musculoskeletal disorders, including carpal tunnel syndrome and repetitive stress injuries.

Explanation:

Sample answer; edge 2021

What types of objects can be produced by recycling the waste materials ? ​

Answers

Answer:

plastic, paper products, metal, glass

Define market structure

Answers

Answer:

Market Structure in economics, depicts how firms are differentiated and categorised based on types of goods they sell and how their operations are affected by external factors and elements. Market structure makes it easier to understand the characteristics of diverse markets.

Bobby Cowell owned a construction company that built custom homes. He was forced to file for a Chapter 11 bankruptcy. He owns $8,000 worth of carpentry tools. What value, if any, of Bobby’s tools can be seized by his creditors?

Answers

If the value of Bobby's tools exceeds the amount of the exemption available, the excess may be subject to seizure by his creditors to satisfy outstanding debts.

In a Chapter 11  bankruptcy, also known as a reorganization bankruptcy, the debtor is allowed to continue operating their business while developing a plan to repay creditors over time. However, the debtor's assets may be subject to seizure by creditors to repay outstanding debts.

The value of Bobby Cowell's carpentry tools may be subject to seizure by his creditors in the bankruptcy proceedings. The exact amount that can be seized will depend on a variety of factors, including the value of his other assets, the amount of debt owed, and applicable state laws.

Under bankruptcy law, there are certain exemptions that allow debtors to keep some of their property, such as their primary residence, personal belongings, and tools of their trade. The exemption amount may vary by state, so it is important to consult with a bankruptcy attorney to determine the specific exemptions available in Bobby Cowell's state.

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Which examples demonstrate common Production work environments? Check all that apply.

Craig is a self-employed Jeweler who works in his own shop.
Rashida works in a factory making parts for machinery.
Antonio works in a quiet office filing paperwork.
Mei spends most of her time on the telephone.
Norm stands for long periods while welding in a workshop.
Carolyn performs tests on materials in a laboratory.


((answer: A, B, E))

Answers

Answer:

The answer is A,B,E

Explanation:

Jus took the test and got a 100

The examples that demonstrate common production work environment are:

Craig is a self-employed jeweler who works in his own shop. works in a factory making parts for machinery.Norm stands for long periods while welding in a workshop

What is Production work environment?

Production work environment is a workplace environment where employees conduct their work. It is where one work, including the workspace and common work areas shared with others.

The above means that production work environment is where people carry out assembling work, production work, etc.

Hence, the examples that demonstrate common production work environment are:

Craig is a self-employed jeweler who works in his own shop. works in a factory making parts for machinery.Norm stands for long periods while welding in a workshop

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How has the free enterprise system contributed to technological innovation?.

Answers

Technological innovation has been contributed to by the free enterprise system because people came up with new technologies knowing that they could profit from them.

How has free enterprise driven technological innovation?

The free enterprise system encourages people to go into business and make profit with minimal government interference in their affairs.

This encouraged people to come up with new innovations because they know that they can profit from these for themselves instead of worrying about the government taking their hard earned profit.

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five years ago, cleanenergy corporation issued an 12% coupon per year (paid semi-annually), 25-year, aa-rated bond at its par value of $1000. currently, the annual yield to maturity (apr) on these bonds is 10%. what is the current price per bond?

Answers

The current price per bond is $12,732.95.

To calculate the current price of the bond, we need to calculate its present value, which is the value of all the future coupon payments and the return of the par value, discounted by the yield to maturity.

First, let's calculate the semi-annual coupon payment: \($1000 * 12% = $120\)

Next, we need to find the present value of each coupon payment and the return of the par value. To do this, we need to know the semi-annual discount factor, which is calculated as follows:

\(discount factor = 1 / (1 + yield to maturity / 2)^(number of periods)\)

where the number of periods is the number of semi-annual periods in the bond's life, which is 25 years * 2 = 50.

discount factor =\(1 / (1 + 10% / 2)^50 = 0.486\)

The present value of each coupon payment is the coupon payment divided by the discount factor: $120 / 0.486 = $246.41

And the present value of the return of the par value is the par value divided by the discount factor: $1000 / 0.486 = $2049.59

Finally, we add up the present value of all 50 semi-annual coupon payments and the present value of the return of the par value to get the current price of the bond: \($246.41 * 50 + $2049.59 = $12,732.95\)

So, the current price per bond is $12,732.95.

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