Truckel, Inc. currently manufactures a wicket as its main product. The costs per unit are as follows: Direct materials and direct labor $11 Variable overhead 5 Fixed overhead 8 Total $24 Saran Company has contacted Truckel with an offer to sell it 5,000 of the wickets for $18 each. If Truckel makes the wickets, variable costs are $16 per unit Fixed costs are $8 per unit: however, $5 per unit is unavoidable. Should Truckel make or buy the wickets? a. Buy: savings = $15,000 b. Buy: savings = $5,000 C. Make, savings = $10,000 d. Make; savings = $5,000
Answers
To determine whether Truckel should make or buy the wickets, we need to compare the costs of making and buying the wickets.
If Truckel makes the wickets:
Variable costs per unit: $16
Fixed costs per unit: $8 - $5 (unavoidable portion) = $3
Total cost per unit: $16 + $3 = $19
If Truckel buys the wickets:
Purchase price per unit: $18Now let's calculate the total costs for each option:
If Truckel makes the wickets:
Total cost for 5,000 units = 5,000 * $19 = $95,000
If Truckel buys the wickets:
Total cost for 5,000 units = 5,000 * $18 = $90,000
Comparing the total costs, we can see that buying the wickets would result in lower costs for Truckel. The savings from buying the wickets would be:
Savings = Total cost of making - Total cost of buying
Savings = $95,000 - $90,000 = $5,000
Therefore, the correct answer is option b. Buy: savings = $5,000. Truckel should buy the wickets as it would result in cost savings of $5,000 compared to making them.
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Related Questions
When a firm operates under conditions of monopoly, its price is:
a. Not constrained,
b. Constrained by marginal cost,
c. Constrained by demand,
d. Constrained only by its social agenda.
Answers
When a firm operates under conditions of monopoly, its price is a. Not constrained
How do firms in a monopoly set the price?In a monopoly, businesses determine the price by selecting an output level that maximises their profits. Because monopolists do not have to worry about competition, they can set their prices higher than their marginal cost of production and still make a profit. A monopolist will typically use a marginal revenue and marginal cost analysis, comparing the additional revenue it would receive from selling an additional unit of output with the additional cost of producing that unit, to determine the price and quantity that will maximise profits. As long as the marginal revenue is greater than the marginal cost, the monopolist will keep increasing output, and it will base its price on the level of demand for its product at that output level.
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If the company instead expects to produce and sell 27,200 units for the year, calculate the expected level of income from operations.
------Flexible Budget------ ------Flexible Budget at ------
Variable Amount per Unit Total Fixed Cost 20,400 units 27,200 units
Contribution margin QS 23-4 Flexible budget performance report LO P1
Assume that actual sales for the year are $713,600 (27,200 units), actual variable costs for the year are $114,000, and actual fixed costs for the year are $134,000.
Prepare a flexible budget performance report for the year.
Answers
Assuming the company expects to produce and sell 27,200 units, the flexible budget at this level would be as follows:
Variable amount per unit: $20
Total fixed cost: $134,000
Contribution margin: ($20 x 27,200) - $134,000 = $14,800
Based on the actual sales of $713,600 and actual variable costs of $114,000, the actual contribution margin would be $713,600 - $114,000 - $134,000 = $465,600.
Therefore, the expected level of income from operations would be the flexible budget contribution margin minus the actual contribution margin, or $14,800 - $465,600 = -$450,800 (a loss of $450,800). A flexible budget performance report can be prepared to show these results and analyze the reasons for the variance.
If the company expects to produce and sell 27,200 units for the year, the expected level of income from operations can be calculated using the given information. Actual sales for the year are $713,600, actual variable costs are $114,000, and actual fixed costs are $134,000.
To calculate the expected level of income from operations, use the following formula:
Expected Income from Operations = Total Sales - Total Variable Costs - Total Fixed Costs
Expected Income from Operations = $713,600 - $114,000 - $134,000
Expected Income from Operations = $465,600
Therefore, the expected level of income from operations for the company when producing and selling 27,200 units is $465,600.
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The heavy volume of digital messages received on a daily basis makes it necessary for business professionals to perform the delicate task of balancing the.
Answers
The heavy volume of digital messages received on a daily basis makes it necessary for business professionals to perform the delicate task of balancing the need to respond to others with their own need to focus on work.
The set of channels a business employs for consumer communication is known as digital messaging. Digital messaging can take place on every platform where your brand is present, from social media to web chatting, but text messages are by far the most popular option for business messaging.
One needs to identify their main workplace interruptions as a first step. Some of them can be connected to your field of work, while others might be the kinds of distractions you are most prone to. Distractions include, but are not limited to, phone calls, email notifications, messages, applications, app notifications, managers, in-person and virtual meetings, and daily news websites. One needs to identify the key workplace distractions in order to reduce distractions and retain focus.
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mortgage ____ occurs when a new mortgage is obtained to pay off an existing mortgage.
Answers
Mortgage refinancing occurs when a new mortgage is obtained to pay off an existing mortgage.
Homeowners frequently utilise refinancing to cut their monthly mortgage payments, lower their interest rate, or change the length of their mortgage.
When a homeowner refinance's their mortgage, they are effectively replacing their existing mortgage with a new one, which often has different terms and conditions.
The previous mortgage is paid off with the new loan, and the homeowner begins making payments on the new loan.
For some homeowners, refinancing can be a wise financial decision; nevertheless, before refinancing, it is critical to thoroughly analyse the costs and benefits.
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example 1: as local markets become saturated. companies look to other countries for further expansion. as local markets become saturated, companies look to other countries for further expansion.
Answers
Companies often seek opportunities for further expansion in other countries when local markets become saturated.
As local markets reach a point of saturation, where there is limited growth potential and intense competition, companies often seek opportunities for expansion in other countries. This strategy allows them to tap into new consumer markets, access untapped resources, and potentially benefit from lower costs of production or labor.
By venturing into international markets, companies can diversify their customer base and reduce reliance on a single market. Additionally, expanding globally may enable companies to capitalize on emerging trends, access new technologies, and gain a competitive advantage. Overall, looking to other countries for further expansion offers companies a pathway for sustained growth and long-term profitability.
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According to classical economists, a. both V and Q are variable for an economy in short-run equilibrium. b. prices are rigid. c. changes in M cause changes in V. d. the velocity of money is constant.
Answers
The average price of goods and services equals the contribution of money to the economy. Velocity and quantity are constant in the short run. So, a change in money supply leads to changes in price
What is Quantity Theory of Money?Monetary economics is a branch of economics that studies different perspectives on money. One of the main research areas of this economic sector is quantity theory of money (QTM).
The quantity theory of money was developed by Irving Fisher
According to the quantity theory of money :
Money supply x velocity = price x quantity
Velocity and quantity are constant in the short run. So, a change in money supply leads to changes in price
Thus,According to classical economists, the velocity of money is constant. Option D is correct statement.
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1. Non-home-mortgage interest prepaid in cash can only be deducted:
A) When paid
B) When the loan is liquidated
C) In the year of loan origination
D) Over the period of the loan
2. Unnecessary cosmetic surgery costs directed solely at improving the patient's physical appearance:
A) Qualify as a medical expense deduction
B) Are listed as itemized deductions
C) Will not qualify for a medical expense deduction
D) Are limited to a maximum deduction of $10,000
3. Yearly ad valorem personal property taxes are allowed as an itemized deduction. True or false
4. An individual is allowed a medical deduction set at a standard rate of 18 cents per mile for the use of a car for medical purposes in lieu of a deduction based on the actual operating expenses for gas, oil, etc. True or false
5. In the current year, John Barraclough has $50,000 of adjusted gross income, a $10,000 casualty loss and a $2,000 casualty gain. How much is John’s net deductible casualty loss after making all appropriate reductions?
A) $0 B) $2,900 C) $3,000 D) $7,900 E) $8,000
I need help, urgently, please!!!
Answers
1. The correct answer is A) When paid. Non-home-mortgage interest prepaid in cash can only be deducted in the year when the payment is made.
This means that if you pay interest in advance, you can only claim the deduction for that interest in the year it is actually paid.
2. The correct answer is C) Will not qualify for a medical expense deduction. Cosmetic surgery costs that are solely for improving the patient's physical appearance are generally not considered eligible for a medical expense deduction.
In order for a medical expense to be deductible, it must be considered necessary for the treatment or prevention of a specific medical condition.
3. False. Yearly ad valorem personal property taxes are not allowed as an itemized deduction. Prior to the tax law changes in 2018, these taxes were deductible as part of the state and local tax (SALT) deduction. However, under the current tax law, starting in 2018, the SALT deduction is limited to a maximum of $10,000, and personal property taxes are no longer separately deductible.
4. True. An individual is allowed a medical deduction set at a standard rate of 18 cents per mile for the use of a car for medical purposes in lieu of a deduction based on the actual operating expenses for gas, oil, etc. This deduction is intended to cover the costs associated with using a car for medical-related travel, such as going to doctor's appointments or receiving medical treatment.
It simplifies the process by providing a standard rate per mile instead of requiring individuals to track and calculate their actual operating expenses.
5. The correct answer is C) $3,000. To calculate the net deductible casualty loss, you subtract any casualty gains from the casualty losses. In this case, John Barraclough has a casualty loss of $10,000 and a casualty gain of $2,000.
Subtracting the casualty gain from the casualty loss gives us $10,000 - $2,000 = $8,000. However, casualty losses are subject to a $100 floor per event, meaning that the first $100 of each casualty loss is not deductible.
Therefore, the net deductible casualty loss would be $8,000 - $100 = $7,900.
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Suppose first main street bank, second republic bank, and third fidelity bank all have zero excess reserves. the required reserve ratio is 20%. the federal reserve buys a government bond worth $1,500,000 from hubert, a client of first main street bank. he deposits the money into his checking account at first main street bank.
Answers
Complete Question:
Suppose First Main Street Bank, Second Republic Bank, and Third Fidelity Bank all have zero excess reserves. The required reserve ratio is 20%. Hubert, a client of First Main Street Bank, deposits $1,500,000 into his checking account at First Main Street Bank.
Complete the following table to reflect any changes in First Main Street Bank's T-account (before the bank makes any new loans).
Answer:
Dr Assets Reserves $1,500,000
Cr Liabilities Deposits $1,500,000
Explanation:
When the bank borrowed $1.5 million, it increased its cash reserves and the liability with the same amount. The increase in the assets side of T-account was $1,500,000 which increased the bank reserves and the increase in the liability side of the T-account was also $1,500,000 which increased the demand deposits.
The addition of reserves means that the bank can make loans to borrowers and earn interest on it. Likewise, the demand deposit can be withdrawn if Hubert wants to withdraw the amount because the bank is the borrower.
The double entry would be as under:
Dr Assets Reserves $1,500,000
Cr Liabilities Deposits $1,500,000
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PLS ANSWER
Answers
Helen and jim itemize deductions when they file their income tax return as married filing jointly. if they paid $14,000 in state and local taxes in 2022, what would be the maximum state and local tax deduction they can take on their federal income tax return?
Answers
Under the Tax Cuts and Jobs Act (TCJA), the maximum state and local tax (SALT) deduction for tax years 2018 through 2025 is $10,000 for married filing jointly taxpayers.
What tax breaks are available to married couples?For tax year 2022, the standard deduction for most married couples under 65 who file a combined return is $25,900, while the standard deduction for couples who file separately is $12,950. Joint filers typically have lower income requirements for tax advantages like the deduction for IRA contributions.
Which of the following taxes is ineligible for itemized deductions?It is not possible to itemize the gas taxes paid for individual travel. When using the real expense method for standard deductions and driving a personal vehicle for business purposes, this expense may be deducted from income.
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How can a manager encourage an employee to get more "life out of their current work-life balance strategy
A
take a walk around the block
B.
take a nap in the office's nap room
C. ignore emails when theyre not on call
D.
add a couple extra shifts to their schedule this week
Answers
Answer:
d B)
Explanation:
Answer:
A) Take a walk around the block
... its literally the only positive response lol
Explanation:
In mid-twelfth century, _________ created a subsistence crisis in Central Asia.
Answers
In mid-twelfth century, Climate change created a subsistence crisis in Central Asia.
The drying of the region had a significant impact on the population, leading to food shortages and widespread famine. Additionally, the drought made it difficult to grow crops and herders struggled to find enough pasture for their animals, resulting in increased competition for resources. This led to migrations of people and conflicts between different groups over land and resources. The crisis likely had a major impact on the political and social structure of the region and may have contributed to the decline of the Khwarezmian Empire, which was a major power in Central Asia at the time.
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Consumption is the purchase of goods and services by.
Answers
consumer or customer boiijj
Consumption is the purchase of goods and services by households.
What is Consumption?Utilizing resources in order to achieve present needs and desires is referred to as consume. In contrast, investing is making purchases in order to generate future earnings. A key concept in economic, consumption is also explored in various other human sciences.
Consumption is the act of households purchasing goods and services. The biggest single source of GDP is consumption. Intangible goods or acts known as product services are generally highly consumed concurrently.
Contrary to consumption spending, which is the buying on commodities for domestic use, consuming is not the same thing. It is the quantity spending on consumables, including durables, and related industries.
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The table shows the terms of a fixed-rate mortgage.
Which accurately describes the terms of this mortgage? Check all that apply.
The homeowner is borrowing $360,000.
The monthly interest rate is 4 percent.
Monthly payments must be made for 30 years.
The annual interest rate is 4.8 percent.
The homeowner is borrowing $200,000.
Monthly payments must be made for 360 years.
Answers
The fixed-rate mortgage concept is used in home loans. Monthly payments for 30 years, the interest rate is 4.8%, and borrowing $200,000.
What is a fixed-rate mortgage?It is usually used in home loans with a fixed interest rate during the term of the loan. It is beneficial because once the rate of interest is fixed it is not influenced by the increase in the rate in the future.
C - Monthly payments for 30 years.
D - The interest rate is 4.8 % annually
E - borrowing $200,000.
Therefore, options C, D, and E explain the fixed-rate mortgage.
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Skinner's produce buys fresh boston lettuce daily for $1. 20 a pound and sells it for $3. 60 a pound. Any lettuce left over at the end of the day is simply thrown away. Skinner uses the single-period model to determine how much lettuce to buy at the beginning of each day. For this situation skinner's critical fractile is closest to:
Answers
In the single-period model, the critical fractile represents the probability that demand for a product will exceed the quantity available for sale. In Skinner's produce case, the critical fractile will determine the amount of lettuce to purchase at the beginning of each day, considering the risk of any leftovers.
To find the critical fractile for Skinner's produce, we can use the formula:
Critical Fractile = (Sale Price - Purchase Price) / Sale Price
Substituting the given values, we get:
Critical Fractile = (3.60 - 1.20) / 3.60
Critical Fractile = 0.67
This means that Skinner's produce should purchase enough lettuce to satisfy 67% of the potential demand, assuming that the demand follows a normal distribution. In other words, Skinner's produce should purchase enough lettuce to meet the expected demand and leave a cushion for the probability of higher demand.
It's important to note that this approach assumes that the demand follows a normal distribution, which may not always be the case. Other factors like seasonality, weather conditions, and consumer behavior can also affect demand and impact the optimal purchase decision.
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The cost of doing business and establishing retail pricing are directly related to a business’s bottom line. Therefore, if there is a change in the cost of goods, it will affect the profitability of a business that has set prices for its products.
How might profitability and market share be affected if retail pricing fluctuates depending on the cost of raw materials?
Why do you believe that to be the case?
Why is it important that a company’s pricing objectives fit well with its marketing objectives?
Please number your response for each question (1, 2, and 3).
Answers
(1). As increases in the cost of raw materials are there, because higher the raw material, there will be increasing of production cost at company levels. As it could felt by the consumers.
What is Business?The word business is defined as, Businesses that are for-profit operate to make a profit, whereas those that are noncommercial do so to further a philanthropic cause. The term business refers as They could be industrial.
(3). As each business has their different goals and objective by having the pricing objective, the framework was there which determines. That how you should set your prices.
Therefore, As a result, by changes in the retail pricing of the products, there would be direct effect of business will be there in it.
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Select all that apply.
Common skills assessments administered during the employment interview process include:
none of the above
science
keyboarding
math
Answers
Answer:
Keyboarding and Math :)
Explanation:
Yes or yes? Please help me I am to not smart edhfvidsnf
Answers
Answer:
I think yes 000000000000000
explain the role of director of board of directors in public company.
four points
Answers
Explanation:
The board of directors is elected to represent shareholders' interests. Every public company must have a board of directors composed of members from both inside and outside the company. The board makes decisions concerning the hiring and firing of personnel, dividend policies and payouts, and executive compensation.
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An integrated set of performance measures that are derived from the company's strategy is ______.
Answers
An integrated set of performance measures that are derived from the company's strategy is the balanced scorecard,
The Balanced Scorecard is a management system designed to translate an organization's strategic objectives into a set of organizational performance objectives that are measured and monitored as needed to ensure that the organization's strategic objectives are met. , and fixed.
Balanced Scorecard is a strategic performance management tool. A well-structured report that managers can use to track the execution of activities by employees under their control and monitor the results of those actions.
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Company A is raising $1 million at its initial public offering (IPO) by issuing 2,000 shares of stock?
Answers
The value of each share if you calculate it as $1,000,000/2,000 =500.
What is stock?A stock is referred to as a kind of ownership of certain items. When an individual holds stocks or shares in the market they are entitled as a stockholder or shareholder and liable for some dividend.
The process of announcing new shares of stock to the people for the first time in a private company is known as an initial public offering (IPO). An IPO allows a company to request equity capital from the general public.
The business has grown as a pre-IPO private company with a very small number of proprietors who own the stock in the company.
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The complete question is Probably
Company A is raising $1 million at its initial public offering (IPO) by issuing 2,000 shares of stock. What is the value of each share if you calculate it as $1,000,000/2,000 =
Kerr Company's account balances at December 31 for Accounts Receivable and Allowance for Doubtful Accounts were $2,100,000 and $20,000 (Cr.), respectively. An aging of accounts receivable indicated that $170,000 are expected to become uncollectible. The amount of the adjusting entry for bad debts at December 31 is
Answers
Answer:
$150,000
Explanation:
Calculation to determine what The amount of the adjusting entry for bad debts at December 31 is
Using this formula
Bad debts=Accounts receivable-Allowance for Doubtful Accounts
Let plug in the formula
Bad debts=$170,000-$20,000
Bad debts=$150,000
Therefore The amount of the adjusting entry for bad debts at December 31 is $150,000
if taxable bond funds or individual bonds are held in a tax-free account such as a roth ira, then the income from them would be free from federal taxes, provided certain requirements are met.
Answers
Bonds & bond funds have varying tax treatment because of how they treat your principle and distribute income.
What are Tax implications of bonds and bond funds?Taxable bond fund income is typically taxed at ordinary income tax rates at the federal and state levels in the year it is generated. State taxes may not apply to funds that only hold US Treasury bonds. The interest costs you earn if you buy a bond issued by your own state are often free from state income taxes.
However, you would normally need to pay state income tax if you receive interest on bonds issued outside of you home state. In general, interest on corporate bonds is always subject to taxation. The majority of interest income from municipal bonds is tax-free under federal law.
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What are the steps for using the Evaluate Formula feature?
1. Select the cell with the formula you want to evaluate.
2. Click the
tab on the ribbon.
3. In the
group, click
.
4. Click Evaluate or
to start the process.
Answers
Answer:
Formulas
Formula auditing
evaluate formula
step in
Explanation:
just did it :)
Answer:
1) Formulas
2) Formula Auditing
3) Evaluate Formula
4) Step in
Explanation:
HOW TO USE THE EVALUATE FORMULA FEATURE:
1. Select the cell with the formula you want to evaluate.
2. Click the ✔ Formulas tab on the ribbon.
3. In the ✔ Formula Auditing group, click ✔ Evaluate Formula .
4. Click Evaluate or ✔ Step In to start the process.
luis wants a particular brand of golf ball. his local pro shop is out. instead of buying a substitute, luis goes home and orders his preferred brand online. luis is at which stage of brand loyalty?
Answers
Luis, a qualified chef, has painstakingly constructed a set of product criteria for his new line of seasoning mixes, including the brand name, usefulness, and quality rating. The product is currently being created by Luis.
A brand may be thought of as an intangible marketing tactic used to promote a company, its goods, or one of its numerous market sectors. Basically, it serves as a signal that the customer may use to describe the products. Since Luis has a well-thought-out plan and everything is in place for it, he is launching a new product line that will aid in the development of the product, its features, as well as the brand name and marketing approach that will be used.
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_____ entrepreneurship is defined as the use or application of entrepreneurship within an established firm.
a. Innovative b. Corporate c. Managerial d. Internal
Answers
Corporate entrepreneurship is defined as the use or application of entrepreneurship within an established firm. This involves creating new businesses, products, or services within the company, taking risks, and seizing opportunities to innovate and grow. The correct answer is b.
Corporate entrepreneurship is essential for companies to stay competitive, adapt to changes in the market, and explore new markets and opportunities. It also fosters a culture of innovation and creativity within the organization, leading to increased employee engagement, satisfaction, and retention. To succeed in corporate entrepreneurship, companies need to allocate resources, develop a strategic plan, and create an environment that encourages experimentation and risk-taking.
They also need to establish clear goals, metrics, and processes for evaluating and managing the new ventures. Overall, corporate entrepreneurship is a crucial component of organizational growth and success, and companies that embrace it are more likely to thrive in today's dynamic and ever-changing business landscape.
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The W-4 form lets...
A.) you know how much you paid in taxes last year
B.)your employer know how much to withhold from your paycheck
C.) the government know how much you paid in taxes last year
D.) the 3 major credit bureaus know how many dependents you have
Answers
Answer:
b
Explanation:
you fill it out so the employer knows what to with hold from your check
Why is it important to have an organized business?
Answers
Answer: According to "licenter.org" it states, "If your business is not properly organized, tasks can pile up, paperwork gets lost, and valuable time is spent on finding information that should be readily available. ... Getting organized can increase your productivity, ramp up your revenue, and cut down on your risks."
help
Heidi is attending an interview for the position of a childcare teacher. Which considerations should she keep in mind when she dresses for the interview?
Heidi should ensure that she wears business casual clothing because she may be asked to interact with the children. She should also ensure she is wearing a lot of jewelry to attract children. Heidi should ensure that her nails are short, because she might have to play with children. She should also ensure that her shoes are not clean, because she might get them dirty while playing with the children.
Answers
She needs to get her nails cut before the interview and should dress in business casual.
What qualifications do childcare teachers need?They use daily activities and lessons to educate toddlers and young children. Students in small groups will also receive additional support from a daycare teacher. A daycare teacher will also assist students who require more one-on-one time to learn lessons. In a daycare or preschool, a child care teacher works with younger kids. They have to watch over children and get them ready for kindergarten with a set schedule of play, rest, and activities. Taking care of their fundamental needs is one of these duties. Patience, sensitivity, and organisation are necessary traits. Usually, the work is done full-time.
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All of the following tips will help with goal setting, except:
Answers
Answer: setting a time frame, creating tasks
Explanation: not doing these things will slow down goal setting
Answer:
manage your time and be organized