Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Please answer all! I will leave a like! Rock Inc. has three divisions, Granite, Lime and Nina. All fixed costs are unavoidable Following is the
Please answer all! I will leave a like! Rock Inc. has three divisions, Granite, Lime and Nina. All fixed costs are unavoidable Following is the income statement for the previous year: Sales Variable costs Contribution Margin Fixed Costs (allocated) Profit Margin Granite $504,000 185,000 319,000 272,000 $ 47,000 Lime Nina $271,500 $227,000 124,200 100,600 147,300 126,400 152,250 109,750 $(4,950) $ 16,650 Total $1,002,500 409,800 592,700 534,000 $ 58,700 a. What would Rock's profit margin be if the Lime division were dropped? b. What would Rock's profit margin be if the Nina division were dropped? Castle Corp. produces three products, and is currently facing a labor shortage. The selling price, costs, and labor requirements of the three products are as follows Product Product D Producto Selling price $62.00 $38.00 554.00 Variable cost per unit 544.00 $26.00 $39.00 Direct labor hours per unit 1.5 3 2 Castle has unlimited demand for all its products. Which product's should Castle Corp produce to maximize profit during the labor shortage? Multiple Choice Product Any Pro Pro And Products ou wish to take an Excel course. You may enrot at one within your school or you may take a community class at the local braryyou've gathered the folowing information to aid in your decision-making process Costa Benefits College Course Comanity Course Cost 53,000 93.000 0.25 miles (walking 35 miles driving Distance to GUESE distance) distance) Timing of course Weekday Weekend Number of meetings 16 Qualitative Convenience, quality Mexibility, brief consideration ot instruction duration Pretanowansportationes, miegs, and parking Com $200 percussion at the time you consider the cost including reportation of each alternative, which would you choose? Muncie Choice
Please answer all! I will leave a like!
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