When nonmanufacturing costs are subtracted from gross margin, the result is called:
A) cost of goods sold.
B) net operating income.
C) sales.
D) nonmanufacturing income.
B
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Perceptions and attitudes about a product's origins can be positive or negative. On the positive side, "German" is synonymous with style
Indicate whether the statement is true or false
Distinguish between strikes and picketing. When is picketing lawful?
What will be an ideal response?
Jake Co. has prepared the following fixed budget for the year, assuming production and sales of 30,000 units. This level of production represents 80% of capacity.Jake Co.Fixed BudgetFor Year Ending December 31Sales ………………………………………………?$1,500,000Cost of goods sold:?? Direct materials ………………………………$540,000? Direct labor ……………………………………300,000? Indirect materials (variable) …………………15,000? Indirect labor (variable) ………………………21,000? Depreciation …………………………………180,000? Salaries ………………………………………90,000? Utilities (80% fixed) …………………………54,000?
Maintenance (40% variable) …………………33,0001,233,000Gross profit ………………………………………?$ 267,000Operating expenses:?? Commissions …………………………………$ 45,000? Advertising (fixed) ……………………………60,000? Wages (variable) ………………………………15,000? Rent ……………………………………………30,000? Total operating expenses ……………………? 150,000Income from operations …………………………?$ 117,000Calculate the following flexible budget amounts at the indicated levels of capacity:?Operations at60% of Capacity?Operations at75% of CapacitySales ? Total variable costs ? Total fixed costs ? Income from operations ? What will be an ideal response?
The Worker Adjustment and Retraining Notification Act requires notification to be given:
A) Six months in advance for any plant closing. B) Sixty days in advance for plant closings resulting in the loss of 50 or more jobs, but not for temporary layoffs. C) Sixty days in advance for any plant closing. D) Sixty days in advance for plant closings resulting in the loss of 50 or more jobs, and for layoffs of 50 employees or 33 percent of workers at a site for 30 days or more. E) Sixty days in advance for plant closings resulting in the loss of 50 or more jobs, and 30 days in advance for layoffs affecting more than 33 workers at the site.