Answer:
$35,000
Explanation:
net operating income under variable costing would be calculated by preparing income statement under variable costing.
Smith Company
income statement under variable costing system
Sales (7,500 x $40) $300,000
Less Cost of Sales (7,500 x $18) ($135,000)
Contribution $165,000
Less Expenses
selling and administrative expense ($4 x 7,500) ($30,000)
fixed overheads :
manufacturing ($80,000)
selling and administrative expense ($20,000)
Net Income $35,000
The net operating income under variable costing for Smith Company is $24,000.
The net operating income under variable costing can be calculated by subtracting the variable manufacturing cost per unit, variable selling and administrative expense per unit, and the total fixed manufacturing overhead and fixed selling and administrative expense from the total revenue.
Variable cost per unit = Variable manufacturing cost per unit + Variable selling and administrative expense per unit = $18 + $4 = $22
Total revenue = Selling price per unit × Number of units sold = $40 × 7,500 = $300,000
Total variable cost = Variable cost per unit × Number of units produced = $22 × 8,000 = $176,000
Total fixed cost = Fixed manufacturing overhead + Fixed selling and administrative expense = $80,000 + $20,000 = $100,000
Net operating income under variable costing = Total revenue - Total variable cost - Total fixed cost = $300,000 - $176,000 - $100,000 = $24,000
#SPJ3
B.)gift
C.)property
D.)Sales
tax to the government for his house. This type of tax is_____?
A.)a direct
B.)an indirect
C.)a proportional
D.)a regressive
tax.
Answer:
The answers are:
Explanation:
Property taxes are usually levied by local governments and are paid by the owner of the real estate which is being taxed. Many local governments use property taxes to fund local school programs, road maintenance, local police, libraries, etc.
Property taxes are direct taxes since they are paid directly by the taxpayer (owner of the real estate).
indirect tax
proportional tax
direct tax
Answer:
It is a type of indirect tax
Explanation:
Answer:
accuracy
Explanation:
Managers should attempt to collect and use all available information in the organization's planning process. This emphasizes the accuracy aspect of planning.
The government has antitrust laws, which increase competition and offer patents which decrease competition. An antitrust law is a law that is bound by the federal and state government that is used to promote fair competition for consumer benefits. These laws came about so that different businesses couldn't make agreements with others to limit competition. A patent gives the rights to one person or company to be in charge of using or selling a specific item.