Variable Costs, Contribution Margin, Contribution Margin Ratio
Super-Tees Company plans to sell 13,000 T-shirts at $16 each in the coming year. Product costs include:
| Direct materials per T-shirt | $5.60 |
| Direct labor per T-shirt | $1.12 |
| Variable overhead per T-shirt | $0.48 |
| Total fixed factory overhead | $45,000 |
Variable selling expense is the redemption of a coupon, which averages $0.80 per T-shirt; fixed selling and administrative expenses total $14,000.
Required:
1. Calculate the following values:
Round dollar amounts to the nearest cent and round ratio values to
three decimal places (express the ratio as a decimal rather than a
percentage).
| a. Variable product cost per unit | $ |
| b. Total variable cost per unit | $ |
| c. Contribution margin per unit | $ |
| d. Contribution margin ratio | |
| e. Total fixed expense for the year | $ |
2. Prepare a contribution-margin-based income statement for Super-Tees Company for the coming year. If required, round your per unit answers to the nearest cent.
| Super-Tees Company | ||
| Contribution-Margin-Based Operating Income Statement | ||
| For the Coming Year | ||
| Total | Per Unit | |
| $ | $ | |
| $ | $ | |
| $ | ||
3. What if the per
unit selling expense increased from $0.80 to $1.75? Calculate new
values for the following:
Round dollar amounts to the nearest cent and round ratio values to
four decimal places (express the ratio as a decimal rather than a
percentage):
| a. Variable product cost per unit | $ |
| b. Total variable cost per unit | $ |
| c. Contribution margin per unit | $ |
| d. Contribution margin ratio | |
| e. Total fixed expense for the year | $ |
In: Accounting
In: Economics
Please Show calculations and work
Company has budgeted the following unit sales:
2019 Units
January 10,000
February 8,000
March 9,000
April 11,000
May 15,000
The finished goods units on hand on December 31, 2018, was 2,000 units. Each unit requires 2 pounds of raw materials that are estimated to cost an average of $4 per pound. It is the company's policy to maintain a finished goods inventory at the end of each month equal to 20% of next month's anticipated sales. They also have a policy of maintaining a raw materials inventory at the end of each month equal to 30% of the pounds needed for the following month's production. There were 5,760 pounds of raw materials on hand at December 31, 2018.
1. Prepare a production budget for January and February.
2. Prepare a direct materials budget for January and February
In: Accounting
Discuss the benefits of the multiple types of e-payment system to the customers?
In: Economics
A 22 g ball with a radius of 29 mm rolls back and forth in a
hemispherical bowl of radius 6 cm.
(a) What is the period of the oscillation if the ball is
solid?
(b) What is the period of the oscillation if the ball is
hollow?
(c) What is the percent difference between the two?
In: Physics
Two objects are moving in the xy-plane. The first, with mass 2.8 kg, has a velocity v1 = (-2.0 m/s) i + (-3.5 m/s) j; the second object, with mass 1.5 kg, has velocity v2 = (2.1 m/s) i + (-1.5 m/s) j.
(a) What is the total momentum of the system?
( -2.45 i + -12.05 j)
kg·m/s
(b) If the system observed at a later time shows that the 2.8 kg
object has v'1 = (2.0 m/s) i,
what is the velocity of the 1.5 kg object?
( ? i + ? j) m/s
(c) Consider again the initial situation. Now suppose that there
has been a mass transfer, so that the first object now has a mass
of 2.6 kg. The total mass is conserved. What is
v'1 if the velocity of the second object is
(-2.5 m/s) j + (1.3 m/s) k?
(? i +? j +? k)
m/s
(d) Calculate the sum of the kinetic energies in the initial
configuration and in the configurations of parts (b) and (c).
Configuration (a)
? J
Configuration (b)
? J
Configuration (c)
? J
In: Physics
What of the following statements is true for refracting telescopes?
In: Other
Driver’s License Exam 20PTS PYTHON AND FLOWCHART The local driver’s license office has asked you to design a program that grades the written portion of the driver’s license exam. The exam has 20 multiple choice questions. Here are the correct answers: 1.B 6.A 11.B 16.C 2.D 7.B 12.C 17.C 3.A 8.A 13.D 18.B 4.A 9.C 14.A 19.D 5.C 10.D 15.D 20.A Your program should store these correct answers in an array. (Store each question’s correct answer in an element of a String array.) The program should ask the user to enter the student’s answers for each of the 20 questions, which should be stored in another array. After the student’s answers have been entered, the program should display a message indicating whether the student passed or failed the exam.(A student must correctly answer 15 of the 20 questions to pass the exam.) It should then display the total number of correctly answered questions, the total number of incorrectly answered questions, and a list showing the question numbers of the incorrectly answered questions.
******Need Python code
***** Need pseudocode and flowgorithm flowchart
In: Computer Science
The lengths of pregnancies in a small rural village are normally
distributed with a mean of 264 days and a standard deviation of 14
days.
In what range would you expect to find the middle 50% of most
pregnancies?
Between and .
If you were to draw samples of size 60 from this population, in
what range would you expect to find the middle 50% of most averages
for the lengths of pregnancies in the sample?
Between and .
Enter your answers as numbers. Your answers should be accurate to 1
decimal places.
In: Math
I. Given the following code segment below what is the best description of line 5 and line 6? Identify the public and private members.
1. #include <iostream.h>
2. class SimpleCat
3. {
4. public:
5. SimpleCat (int age, int weight);
6. ~SimpleCat(){}
7. int GetAge() {return itsAge;}
8. int GetWeight() {return itsWeight;}
9. private:
10. int itsAge;
11. int itsWeight;
12. };
II. Multiple Choice questions
1. A function that is called automatically each time an object is created or
instantiated is
a. constructor b. Destructor c. Copy constructor
2. A constructor may be _____________.
a. provided by you b. overloaded c. both a and b
3. A class named Gymnast must have this destructor.
a. Gymnast b. Destructor c. ~Gymnast d. *destructor
4. The return type for all constructors is this.
a. void b. int c. float d. double e. no type is allowed
5. A class named Building has a method getfloors(
). If School is a child class of Building and
AMA is an object of type School
then which of the following are valid?
a)Building.getfloors(); b)School.getfloors( ) c)AMA.getfloors();
III. What is the output ?
class A
{
int a,b,c;
public:
A( )
{
cout<<"A"<<endl;
}
~A( )
{
cout<<"B"<<endl;
}
void add( )
{
a=2, b=3;
c=a+b;
cout<<c<<endl;
}
};
void main()
{
A ab;
ab.add( );
}
In: Computer Science
Open Market Operations a) What is an open market operation by a central bank? b) What is the difference between an open market operation and a discount window operation by a central bank? c) Why does a rise in the level of government bond interest rates reduce the amount of private borrowing from commercial banks and vice-versa? d) Suppose that the economy is in a deep recession – unemployment is very high because the level of aggregate demand is very low. Should the central bank buy or sell bonds in order to reduce interest rates and increase aggregate demand? Why?
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To analyze the resulting pattern of bright and dark fringes when laser light passes through a single slit, what fundamental principle of light propagation is used?
In: Physics
Using Ka values given in your textbook, design a buffered solution whose pH is 4.50.
a) what acid and salt will you use to make this buffer?
b) if you start with 0.20M solution of the weak acid, what inital concentration of the salt is needed?
c) how many grams of th salt would be needed to make 1.000 L of the buffer solution?
In: Chemistry
A new manufacturing plant costs $5,150,000 to build. Operating and maintenance costs are estimated to be $43,000 per year, and a salvage value of 25% of the initial cost is expected. The units the plant produces are sold for $35 each. Sales and production are designed to run 365 days per year. The planning horizon is 10 years. Find the break-even value for the number of units sold per day for each of the following values of MARR:
A/ 5%
Break-even value: units
Carry all interim calculations to 5 decimal places and
then round your final answer up to the nearest unit. The tolerance
is ±1.
B/ 10%
Break-even value: units
Carry all interim calculations to 5 decimal places and
then round your final answer up to the nearest unit. The tolerance
is ±1.
C/ 15%
Break-even value: units
Carry all interim calculations to 5 decimal places and
then round your final answer up to the nearest unit. The tolerance
is ±1.
In: Economics
USE C++: Encryption and Decryption are two cryptographic techniques. Encryption is used to transform text to meaningless characters, and decryption is used to transform meaningless characters into meaningful text. The algorithm that does the encryption is called a cipher. A simple encryption algorithm is Caesar cipher, which works as follows: replace each clear text letter with a letter chosen to be n places later in the alphabet. The number of places, n, is called the cipher key. For example, if the cipher key is 3, the clear text“HELLO THERE” becomes “KHOOR WKHUH”.Here, we restrict ourselves to encrypting/decrypting digits (0...9), lowercase, and uppercase alphabetic characters. As you know from the ASCII table, the set of these characters correspond to the integers 48to 122.Hint: The following formula can be used to encrypt a character C using the Caesar cipher algorithm: E = (C –‘0’ + k) % 75+ ‘0’ [where k is the cipher key]You need to figure out the formula for decrypting text on your own.NOTE: Use cipher key = 7.Write a C++ program for encrypting and decrypting a given string. Since this program performs two different functionalities (encryption and decryption), prompt the user to select the type of cryptographic technique as shown below: Welcome to Cryptographic Techniques ProgramPlease enter your selection:1. Encrypt2. DecryptWhen the user selects 1 or 2, s/he will be asked to specify an input and output message. Here is an example: Assume that the user enters the following message: HOW ARE YOU DOING? If the user selects to encrypt the message (i.e. option 1), the program will encrypt the original message and outputs an encrypted text. If the user selects to decrypt a message (i.e. option 2), the program will decrypt the encrypted text and outputs the decrypted text on the screen. The program should give the user the option of whether to continue with encrypting/decrypting messages (i.e. entering the letter ‘C’) or exit the program (i.e. entering the letter‘E’).
In: Computer Science