Answered step by step
Verified Expert Solution
Question
1 Approved Answer
8. The downtown branch of Emily's Bakery is organized as an investment center. The following information is available for the current year. Sales S448,000 Variable
8. The downtown branch of Emily's Bakery is organized as an investment center. The following information is available for the current year. Sales S448,000 Variable expenses $217,000 Traceable fixed costs $230,000 Average total assets invested segment $168.000 in this Compute the following measures for this investment center: a Contribution margin: S b Contribution margin ratio: c Responsibility margin: S d Return on assets: e Increase in responsibility margin that would be expected to result from a 10% increase in sales volume. S 9. The cost accountant for Sherman's Co. prepared the following monthly performance report relating to the Production Department Budgeted Actual Production Production (10,000 Units) (11,000 Units) Direct materials used $240.000 $260.000 Direct labor $100,000 $101.000 Variable manufacturing overhead $60,000 $65,000 Fixed manufacturing overhead $160,000 $164,000 Refer to the above data. Compute the amounts that should be included for each of the following in a flexible budget prepared at an 11,000-unit level of production: a Direct materials Direct labor: c Fixed manufacturing overhead: $
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access with AI-Powered Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started