Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

9) Advertising Contribution Planned sales $1,500,000; Ad sales $185,000; Ad Gross profit 7%; Balance of sales GP 24% Total Sales? Total Profit $? Total Profit

9) Advertising Contribution

Planned sales $1,500,000; Ad sales $185,000; Ad Gross profit 7%;

Balance of sales GP 24%

Total Sales?

Total Profit $?

Total Profit %

10) Hourly Wages

Sales = $650,000

SPLH = 187

Hours = ? 650000 / 187 = 3476

Full-Time hours = 800; Full-Time Hourly Rate = $25;

Full-Time Wage Cost

FT wage % ?

Part-Time Wages = $40,500 Part-Time Hourly Rate= 15.13

Part-Time hours = 40500 / 15.13 = 2677

Part-Time SPLH ?

Part-Time Wage % ?

Total Wage % ?

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Intermediate Accounting Volume 1

Authors: Thomas H. Beechy, Joan E. Conrod, Elizabeth Farrell, Ingrid McLeod Dick

7th Edition

1260306747, 978-1260306743

More Books

Students also viewed these Accounting questions

Question

1 - 1 0 1 6 1 - 1 0 4 7 = 1 x 1 0 ?

Answered: 1 week ago

Question

5. Give examples of binary thinking.

Answered: 1 week ago