Blue Pools, LLC gathered the folloing data for direct labor hours and repair costs over a...
Fantastic news! We've Found the answer you've been seeking!
Question:
Transcribed Image Text:
Blue Pools, LLC gathered the folloing data for direct labor hours and repair costs over a seven-week period. Direct Labor Hours Repair Costs $6,000 4,000 4,500 8,000 3,000 6,000 5,000 8,000 6,000 10,000 4,000 2,000 28,500 7,000 5,000 $50,000 Using the high-low method separate the repair costs into the fixed and variable components. Fixed Costs Variable Costs per Direct Labor Hour Blue Pools, Inc. had the following data for operations in the month of September. Units sold Selling price per unit Variable costs per unit Fixed costs 100 $20 $5 $300 $4 Variable selling and administrative costs per unit Fixes selling and administrative costs $110 Using the Contribution format for Blue Pools Inc.'s Income Statement, calculate the following: Contribution Margin Net Income Blue Pools, LLC gathered the folloing data for direct labor hours and repair costs over a seven-week period. Direct Labor Hours Repair Costs $6,000 4,000 4,500 8,000 3,000 6,000 5,000 8,000 6,000 10,000 4,000 2,000 28,500 7,000 5,000 $50,000 Using the high-low method separate the repair costs into the fixed and variable components. Fixed Costs Variable Costs per Direct Labor Hour Blue Pools, Inc. had the following data for operations in the month of September. Units sold Selling price per unit Variable costs per unit Fixed costs 100 $20 $5 $300 $4 Variable selling and administrative costs per unit Fixes selling and administrative costs $110 Using the Contribution format for Blue Pools Inc.'s Income Statement, calculate the following: Contribution Margin Net Income
Expert Answer:
Answer rating: 100% (QA)
Contribution Margin Selling Price per Unit Variable Costs per Unit Contribution Margin 20 5 Contribu... View the full answer
Related Book For
Posted Date:
Students also viewed these economics questions
-
The shareholders of X Ltd. are unhappy about the top manager's performance. While the manager's effort in running the firm cannot be observed, it is felt that he or she puts in effort amounting to...
-
The shareholders of X Ltd. will vote at the forthcoming annual meeting on a proposal to establish a bonus plan for X Ltd. management, based on firm earnings. Proponents of the plan argue that...
-
Top managers of Culinary Imports are reviewing company performance for 20X7. The income statement reports a 15% increase in net income, the fifth consecutive year showing an income increase above...
-
Perform the indicated operations and simplify the result. Leave your answer in factored form. X x - 3 x + 1 x2 + 5x 24
-
To determine the views of students on a particular campus about fraternities, and 11-point attitude scale was administered to a random sample of 40 students. This survey yielded a sample mean of 6...
-
High school calculus is a requirement to be admitted to WLUs undergraduate business program. Suppose that last year 53% of those admitted achieved a mark in calculus between 80 and 100, 27% received...
-
Let \(C\) be the positively oriented ellipse \(3 x^{2}+y^{2}=9\). Define \[F\left(z_{0} ight)=\int_{C} \frac{z^{2}+2 z}{z-z_{0}} d z\] Find \(F(2 i)\) and \(F(2)\). [Sketch the ellipse in the complex...
-
Marina Company has a maximum capacity of 200,000 units per year. Variable manufacturing costs are $12 per unit. Fixed overhead is $600,000 per year. Variable selling and administrative costs are $5...
-
Ellison Company has 1,000,000 shares of common stock authorized with a par value of $3 per share, of which 600,000 shares are outstanding. Ellison authorized a stock dividend when the market value...
-
Find all (real) values of k for which A is diagonalizable. k A = | 0 2 0
-
Suppose you just entered into a three-year finance lease and agree to pay $50,000 at the end of each year. The discount rate is 1%. You amortize the ROU asset on a straight-line basis over the lease...
-
The Company Charger Valles, SL is dedicated to the manufacture of chargers for electronic devices. They make two models: the standard one and the fast charging one. For manufacturing they use four...
-
Fabric Plant: Budgeted overhead: $1,200,000 (50% fixed) Practical volume (direct labor hours): 120,000 hours Actual overhead: $1,150,000 (50% fixed) Actual hours worked (for each fabric type,...
-
How do cultural narratives and collective memory shape the resilience of communities in the face of systemic challenges and historical traumas?
-
What stood out for me in this week's reading was Kendi's experiences with the conflicting views that many of us hold about race and justice. The verdict of the O.J. Simpson trial exposed the systemic...
-
You are the benevolent dictator of Sbarroland, an Edgeworth economy of two peopleAlessandra and Brunoand two goodspizzas ( x ) and breadsticks ( y ). The economy has a total of 20 pizzas and a total...
-
The sum which is paid at the hour of development of the bond is equivalent to ? A . Discount B . Corporate Bonds C . Face Value D . Yield
-
If a force of F = 50 Ib is applied to the pads at A and C, determine the smallest dimension d required for equilibrium if the spring has an unstretched length of 1 ft. B 1 ft 1 ft F k = 15016/fr 1ft...
-
Refer to Theory in Practice re: Zions Bancorporation. Required a. Why would Zions Bancorporation use a market- based approach to estimating its stock option expense, instead of a model- based...
-
Aboody, Johnson, and Kasznik (AJK; 2010) examined a sample of 1364 firms over the years 1990 1996 that suffered a decrease in share price of 30% or more. Of these firms, 300 repriced their ESOs. They...
-
You are a CEO operating under a bonus plan similar to the one assumed by Healy (Section 11.3). Explain whether you would react favourably or negatively to an exposure draft of a proposed change in...
-
You are saving for the college education of your two children. They are two years apart in age; one will begin college in 15 years, the other will begin in 17 years. You estimate your childrens...
-
Assume that the cost of a college education will be \($20,000\) per year when your child enters college 12 years from now. You currently have \($10,000\) to invest. What rate of interest must your...
-
A well-known insurance company offers a policy known as the Estate Creator Six Pay. Typically the policy is bought by a parent or grandparent for a child at the childs birth.The details of the policy...
Study smarter with the SolutionInn App