The Carlsbad Corporation produces and markets two types of electronic calculators: Model 4A and Model 5A. The following data were gathered on activities during the third quarter:??Model 4AModel 5A?Sales in units5,0003,000?Sales price per unit$100$200?Variable production costs per unit$20$40?Traceable fixed production costs$200,000$300,000?Variable selling expenses per unit$10$12?Traceable fixed selling expenses$10,000$15,000?Allocated portion of corporate expenses$116,000$120,000Required:Prepare a segmented income statement for last quarter. The statement should provide sufficient detail to allow the company to evaluate the performance of the manager of each product line.
What will be an ideal response?
| ? | ? | Total Company | Model 4A | Model 5A |
| ? | Sales ($100 per unit × 5,000 units; $200 per unit × 3,000 units) | $1,100,000 | $500,000 | $600,000 |
| ? | Variable expenses ($30 per unit × 5,000 units; $52 per unit × 3,000 units) | 306,000 | 150,000 | 156,000 |
| ? | Contribution margin | 794,000 | 350,000 | 444,000 |
| ? | Traceable fixed production costs | 500,000 | 200,000 | 300,000 |
| ? | Traceable fixed selling expenses | 25,000 | 10,000 | 15,000 |
| ? | Segment margin | 269,000 | $140,000 | $129,000 |
| ? | Common fixed expenses | 236,000 | ? | ? |
| ? | Net operating income | $33,000 | ? | ? |
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Emerald Corporation's overhead budget for 2013 was as follows: Factory supervision $450,000 Utilities costs 250,000 Insurance 30,000 Property taxes 25,000 Depreciation 125,000 Total $880,000 750,000 units were produced in 2013. Direct labor cost is $42,000,000. For both 2013 and 2014, each unit required 4 direct labor hours at $14 per hour. In 2014, property taxes, insurance, and depreciation are
expected to stay at 2013 levels. Utilities costs vary proportionally with units produced. Factory supervision increases by increments of $45,000 for every 300,000 increase in direct labor hours. The 2014 expected production is 1,200,000 units. What will be the value for utilities of Emerald in the 2014 overhead budget? A) $450,000 B) $250,000 C) $400,000 D) $650,000
Equipment considered idle on a permanent basis should not be classified as plant and equipment.
Answer the following statement true (T) or false (F)
Organization behavior researchers have attempted to measure perceived job content in a variety of work settings, primarily through ________.
A. observation B. time and motion studies C. questionnaires D. face-to-face interviews
Where could a business find notices of proposed rules?
A) The Code of Federal Regulations B) The Federal Register C) Industry trade publications D) Both b and c