The Contribution Margin per unit (CM) can be calculated from the difference of Selling Price per unit (SP) and Total Expenses per unit (TE).
First, let’s calculate the value of SP:
SP = Sales / Units sold
SP = $1,043,400 / 22,200 units sold
SP = $47
Second, calculate all expenses:
Direct materials per unit = $234,948 / 27,970 units manufactured = $8.4
Direct labor per unit = $131,459 / 27,970 units manufactured = $4.7
Variable manufacturing overhead per unit = $240,542 / 27,970 units manufactured = $8.6
Variable selling expenses per unit = $113,220 / 22,200 units sold = $5.1
TE = $26.8
Therefore the CM is:
CM = SP – TE
CM = $47 - $26.8
CM = $20.2 per unit
Your recently widowed grandma says, “i feel granddaddy's presence all the time. he's actually guiding me to do the right thing.” which reaction should you have?
Bill lives in montana and likes to grow zucchini. he applies fertilizer to his crops twice during the growing season and notices that the second layer of fertilizer increases his crop, but not as much as the first layer. what economic concept best explains this observation?
Volvo, working with fedex, set up a warehouse in memphis with a complete stock of truck parts. a dealer needing a part for an emergency phones a toll-free number, and the part is delivered by fedex within 24 hours. this is an example of how manufacturers are using:
Final answer:
The Volvo and FedEx warehouse in Memphis for delivering truck parts within 24 hours embodies the just-in-time (JIT) delivery system. While JIT increases supply chain efficiency and demands close supplier proximity, it can negatively impact labor wages and requires improved technology, transportation, and policies to ensure resilience.
Explanation:
Volvo, in collaboration with FedEx, has set up a warehouse in Memphis stocked with all the necessary truck parts to swiftly address emergency parts needs. By calling a toll-free number, a dealer can have the part delivered within 24 hours. This system exemplifies the just-in-time (JIT) delivery strategy, which has revolutionized supply chain management. Unfortunately, while JIT has efficiencies, it also puts pressure on labor, potentially driving wages down as manufacturers seek out low-cost, non-union labor.
Moreover, the just-in-time delivery approach makes every link in the supply chain critical since an issue at any point, like a strike at a sub-assembly plant, can halt the whole production chain. This model demands manufacturers to maintain rigorous quality control and to often select suppliers located within a day's drive to ensure timely deliveries. To address supply chain vulnerabilities, advancements in technology, transportation, and policy are critical, along with a commitment to protecting labor rights.
Containerization and global assembly lines further transform manufacturing and logistics by lowering transportation costs and enabling worldwide distribution networks. However, these changes have also led to job losses in specific sectors and influenced the location decisions of industries regarding both factories and warehouses to improve economic efficiencies.
Rothe company manufactures and sells a single product that it sells for $200 per unit and has a contribution margin ratio of 25%. the company's fixed costs are $43,000. if rothe desires a monthly target operating profit equal to 20% of sales, sales will have to be (rounded):
From disposable income, ___________________ (the c in the expenditures model used to calculate gdp) is subtracted to arrive at personal savings by all households within our economy
A nationwide restaurant chain that varies its menu based on its location is an example of what kind of segmentation
A swot analysis contributes to the strategic planning process by identifying ____ resources.
Three years from now you will begin receiving annual payments of? $7,200. this will continue for 14 years. at a discount rate of? 5.8%, what is the present value of this stream of cash? flows?
The cash flow is considered to be a deferred one because the annual payments is made on a later date. The formula for finding the present value (PV) of a deferred annuity is given as:
PV of annuity = A * ((1 - (1 + i)^-n)/ i) (1 + i)^-k
Where,
A = annual payments = 7,200
i = interest rate = 5.8% = 0.058
n = number of years = 14
k = deferred years = 3
Substituting the given values into the formula:
PV = 7,200 * [(1 – (1 + 0.058)^-14) / 0.058] (1 + i)^-3
PV = 57,216.29
Therefore the present value is about $57,216.29
Labor cost advantages gained by moving into a country with low wages may be short-lived because ________.
Angel is hispanic and has applied for a job at buckets inc. buckets inc. has a workforce that is 45 percent hispanic, 35 percent black, and 20 percent white. this closely approximates the workforce available to buckets. angel is turned down for the job and is told that buckets has too many hispanics, so he couldn't be hired. he is a victim of:
Jeffrey is so preoccupied by his fear of germs that he always keeps his car and apartment windows sealed tightly, and refuses to allow anyone into his apartment. he carries his own silverware which he uses when he eats away from home, and washes his hands every time he touches anything that has been touched by someone else. jeffrey would most likely be diagnosed with which anxiety disorder?
Jeffrey, who exhibits an extreme fear of germs and compulsive behaviors, is likely to be diagnosed with Obsessive-Compulsive Disorder (OCD). Additionally, his intense personality and heart attack at age 52 suggest elements of a Type A behavior pattern, which increases the risk for coronary heart disease.
Explanation:From the information provided, Jeffrey demonstrates an extreme preoccupation with germs and an insistence on performing certain behaviors, such as keeping windows sealed, refusing entry to his apartment, bringing his own silverware and excessive hand washing. These behaviors suggest that Jeffrey could most likely be diagnosed with Obsessive-Compulsive Disorder (OCD). OCD is an anxiety disorder characterized by unwanted and intrusive thoughts that produce uneasiness, apprehension, fear, or worry; and behavioral rituals intended to reduce anxiety. Jeffrey's avoidance of contamination and his ritualistic behaviors, like hand washing, clearly align with symptoms of OCD, where the individual feels driven to perform in response to an obsession, according to the Diagnostic and Statistical Manual of Mental Disorders (DSM).
Contrasting these behaviors with the details about Jeffrey's driven and intense personality, his inability to relax, heightened stress levels, and his first heart attack at the age of 52, there are elements that also describe characteristics of a Type A behavior pattern. This behavior pattern includes components like excessive competitive drive, aggressiveness, impatience, and a sense of time urgency. These traits are risk factors for coronary heart disease, which Jeffrey's heart attack suggests he may be dealing with as well.
If the average u.s. consumer spends an additional 98 cents out of each additional dollar that he/she earns, what would the expenditure multiplier be?
The standard view in economics is that tax cuts without ________ will ________ the budget deficit resulting in ________.
Is the natural gas pipelines a natural monopoly or oligopoly?
How often do you rely on your time-management skills to meet deadlines?
Dfi to achieve economies of scale bear co. and viking, inc., are automobile manufacturers that desire to benefit from economies of scale. bear co. has decided to establish distributorship subsidiaries in various countries, while viking, inc., has decided to establish manufacturing subsidiaries in various countries. which firm is more likely to benefit from economies of scale?
If job p includes 20 units, what is its unit product cost?
Is it reasonable to think that a constant growth stock could have g > rs? it is not reasonable for a firm to grow even for a short period of time at a rate higher than its required return?
No, it is not reasonable or logical for a firm to grow indefinitely at a rate higher than its required return. Such a theoretical stock would become so large that it would ultimately go beyond the whole economy. However for a very short period of time, the rate could possibly be higher than the required return especially when the firm is performing excellently.
"dumping occurs when, in a foreign market, a good is sold" quiz
Theâ ________ is a market derived interest rate used to discount the future cash flows of the bond.
If we want to construct a 95% confidence interval for the average battery life for smartphone c users that extends at most 2 hours on each side of the mean, how many users do we need to survey?
Taylor product inc. distributed 100 million coupons in 2016. the coupons are redeemable for 30 cents each. taylor anticipates that 70% of the coupons will be redeemed. the coupons expire on december 31, 2017. there were 45 million coupons redeemed in 2016 and 30 million redeemed in 2017. what was general's coupon liability as of december 31, 2016?
On a proportional basis, the largest part of combined state and local spending goes for
defense.
health.
roads.
education.
If elasticity of demand is 0.5, and the price is lowered from $20 to $19, by what percentage will quantity demanded rise?
Ash company reported sales of $410,000 for year 1, $460,000 for year 2, and $510,000 for year 3. using year 1 as the base year, what were the percentage increases for year 2 and year 3 compared to the base year
The percentage increases for year 2 and year 3 compared to the base year (year 1) for the Ash company are 12.2% and 24.4%, respectively.
Explanation:The student's question is about calculating the percentage increases for year 2 and year 3 compared to the base year, which is year 1. The Ash company reported sales of $410,000 for year 1, $460,000 for year 2, and $510,000 for year 3. To find the percentage increase for each subsequent year, we will compare the sales of each year to the base year and use the formula for percentage change: (New Amount - Original Amount) / Original Amount × 100%.
For year 2: ($460,000 - $410,000) / $410,000 × 100% = ≈12.2% increase over the base year.
For year 3: ($510,000 - $410,000) / $410,000 × 100% = ≈24.4% increase over the base year.
Learn more about Percentage Increase here:https://brainly.com/question/20818421
#SPJ6
What is the definition of coding? translating documentation into numerical/alphanumerical codes used to obtain reimbursement. translating services a physician performs into documentation. deciphering explanation of benefits provided by an insurance carrier. translating documentation in to software compatible notes?
Final answer:
Coding in health care is the process of converting documentation into codes for reimbursement purposes, using systems like the ICD. ICD codes are also used by labs for tests and by the healthcare management system for treatment verification.
Explanation:
The definition of coding in the context of health care refers to the process of 'translating documentation into numerical/alphanumerical codes' used to obtain reimbursement from insurance companies. These codes come from systems like the International Classification of Diseases (ICD), which standardize the way health conditions and medical procedures are recorded and billed. For instance, when a patient is treated for a viral infection, the healthcare provider will use ICD codes to document the diagnosis and the treatment provided.
The medical coder will then use these ICD codes to assign the proper codes for the procedures performed. Subsequently, medical billers use this coded information to process insurance claims to obtain reimbursement. Outside of the billing sphere, ICD codes are used by vital-records keepers, who record causes of death on death certificates, and by epidemiologists, who track morbidity and mortality statistics using the same codes.
Given this information, two locations where you would likely find an ICD code are in medical laboratories and within the healthcare management system.
If you deposit $5,000 in a bank account that pays 4% interest annually, how much will be in your account after 5 years? round your answer to the nearest cent.
Mark is an excellent cook. He does not have any formal training but learned to cook by following the recipes of several famous chefs and his mom. Every weekend, he invites friends over for dinner so he can try new dishes and get honest feedback from his friends. Mark wants to start his own restaurant someday because he thinks he would be successful and become wealthy. Which of Adam Smith’s ideas made Mark think of starting a restaurant?
invisible hand
self-interest
competition
laissez-faire
The answer is "self-interest".
Self-interest is characterized as being centered around yourself or putting yourself at leeway.
An example of Self-interest is pondering your necessities over the requirements of others around you.
Self-interest is when people settle on choices that are in their very own best advantage. Like when you choose to get up early in the day to go to work and profit, or when you pay the supermarket for sustenance that you might want to eat.
Answer:
Self-interest
Explanation:
This is 100% the right answer because I got this question on a test and this was correct.
~Please mark me brainliest :)
In relation to an approach to get into customers’ minds, _____ refers to the collection of associations and emotions unconsciously linked to a word, concept, or experience.
a. illusion
b. moments of truth
c. imprint
d. implication
The answer to this question is Imprint.
Imprinting is an approach that makes the consumers / customers remember your brand. Imprint simply means leaving something in your mind which last long and gives an impact. Imprinting is very important in businesses because when you imprint your brand in the mind of the customers it gives a long information about the product and gives a lasting impression.
At the start of this year 18 months rent was paid. At the year's end how will this affect the balance sheet