Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Question 24 (4 points) Saved Last year a company had sales of $400,000, a turnover of 2.4, and a return on investment of 36%. The
Question 24 (4 points) Saved Last year a company had sales of $400,000, a turnover of 2.4, and a return on investment of 36%. The company's net operating income for the year was: $144,000 $120,000 $80,000 $60,000 Question 23 (4 points) Saved A study has been conducted to determine if Product A should be dropped. Sales of the product total $400,000 per year; variable expenses total $270,000 per year. Fixed expenses charged to the product total $160,000 per year. The company estimates that $70,000 of these fixed expenses are not avoidable even if the product is dropped. If Product A is dropped, the company's overall net operating income would: decrease by $40,000 per year increase by $40,000 per year decrease by $30,000 per year increase by $30,000 per year Question 22 (4 points) Saved Papenfuss Family Inn is a bed and breakfast establishment in a converted 100-year- old mansion. The Inn's guests appreciate its gourmet breakfasts and individually decorated rooms. The Inn's overhead budget for the most recent month appears below: Activity level 86 guests $ 86.00 507.40 Variable overhead costs: Supplies Laundry.. Fixed overhead costs: Utilities.... Salaries and wages Depreciation.... Total overhead cost 340.00 4.790.00 2.620.00 $8.343.40 The Inn's variable overhead costs are driven by the number of guests. What would be the total budgeted overhead cost for a month if the activity level is 76 guests? Depreciation. Total overhead cost ...... 2.620.00 $8.343.40 The Inn's variable overhead costs are driven by the number of guests. What would be the total budgeted overhead cost for a month if the activity level is 76 guests? $52,848.40 $8,343.40 $8,274.40 $7,373.24
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