Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Jul 26, 2024

Bonita Manufacturing reported the fowing items for 2022: Income tax expense $39200 Contribution margin 125000 Controllable fixed costs 29100 Interest expense 9000 Total operating

Bonita Manufacturing reported the fowing items for 2022: Income tax expense $39200 Contribution margin 125000 Controllable fixed costs 29100 Interest expense 9000 Total operating assets 476000 How much is controllable margin? $85800 $125000 $95900 $47700

Step by Step Solution

There are 3 Steps involved in it

Step: 1

Get Instant Access to Expert-Tailored 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

Recommended Textbook for

Financial Accounting A Business Perspective

Authors: Roger H. Hermanson, James Don Edwards

7th Edition

0072289988, 978-0072289985

More Books

Students also viewed these Accounting questions

Question

★★★★★

There are two principal methods of presenting cash flow from operating activitiesthe direct method and the indirect method. Describe these two methods.

Answered: 1 week ago

Question

★★★★★

Describe each of the five critical factors involved in the prestart-up and start-up phases of a new venture.

Answered: 1 week ago

Question

★★★★★

An insurance company pays out claims on its life insurance policies in accordance with a Poisson process having rate = 5 per week. If the amount of money paid on each policy is exponentially...

Answered: 1 week ago

Question

★★★★★

Sanford, Inc., has developed value-added standards for four activities: purchasing parts, receiving parts, moving parts, and setting up equipment. The activities, the activity drivers, the standard...

Answered: 1 week ago

Question

★★★★★

In the month of June, Sandhill Heberts Beauty Salon gave 4,000 haircuts, shampoos, and hair colorings at an average price of $50. During the month, fixed costs were $18,000 and variable costs were...

Answered: 1 week ago

Question

★★★★★

What did you learn in customer service that was new and useful? How will you change your approach to customer service from now on?

Answered: 1 week ago

Question

★★★★★

5S is one of the most widely adopted techniques from the lean manufacturing toolbox. Based on the "house of lean", it's provide an overview of the tools and methods of lean management that can be...

Answered: 1 week ago

Question

★★★★★

As a manufacturing company, Company Kappa sells their sachets of powdered juices to retailers, supermarkets and distributors instead of direct customers. Having said this, they usually deliver...

Answered: 1 week ago

Question

★★★★★

What process improvements can HeroEnergy adopt to improve standardised data, financial reporting and employee engagement? A newly established government agency focusing on renewable energy has just...

Answered: 1 week ago

Question

★★★★★

The Temper-Tone Steel Company produces two major products, a stainless steel sheet called Flextin and stainless steel silverware. Both products go through the same initial production process where...

Answered: 1 week ago

Question

★★★★★

Vaughn Co. purchased 61,7% Ivanhoe Company bonds for $61000 cash. Interest is payable annually on January 1. If 28 of the securities are sold on January 1 for $32700, the entry would include a credit...

Answered: 1 week ago

Question

★★★★★

What are some problems and opportunities related to smalland medium-sized businesses in the global environment?

Answered: 1 week ago

Question

★★★★★

What are factors to consider in global employee and labor relations?

Answered: 1 week ago

Question

★★★★★

What is the general process for selecting expatriates?

Answered: 1 week ago

Previous Question Next Question