Already have an account? Get multiple benefits of using own account!
Login in your account..!
Remember me
Don't have an account? Create your account in less than a minutes,
Forgot password? how can I recover my password now!
Enter right registered email to receive password!
Computing variances for marketing costs. Hoyt's Telemarketing, Inc., uses telephone solicitation to sell products. The company has set standards that call for $450 of sales per hour of telephone time. Telephone solicitors receive a commission of 10 percent of dollar sales. The firm expects other variable costs, including costs of sales in the operation, to be 45 percent of sales revenue. It budgets fixed costs at $411,500 per month. The firm computes the number of sales hours per month based on the number of days in a month minus an allowance for idle time, scheduling, and other inefficiencies. This month the firm expected 180 hours of telephone calling time for each of 40 callers.
During the month, the firm earned $2,700,000 of revenues. Marketing and admin- istrative cost data for the period follow:
Cost of Sales
$810,000
$972,000
Telephone Time Charges
32,200
32,400
Delivery Services
161,100
194,400
Uncollectable Accounts
121,500
145,800
Other Variable Costs
112,700
113,400
Fixed Costs
409,000
411,500
Using sales dollars as a basis for analysis, compute the variances between actual, flexible budget, and master budget for all costs including cost of sales. (Hint: Consider sales volume as an output measure.)
question 1myriad solutions inc. issued 10 bonds dated january 1th with a face amount of 320 million on january 1 2013
What might Mehl do to alleviate this cash crunch? Record the entry that Mehl would make when it raises the needed cash.
Wesland Corp. had total variable costs of $175,000, total fixed costs of $120,000, and total revenues of $250,000. Compute the required sales in dollars to break even.
crossover point. j. marcel enterprises has gathered projected cash flows for two projects. at what interest rate could
Prepare an income statement for 2010 (use the multistep format) and what is the amount of total assets at the end of the period?
Elaine's original basic in the hornbeam partnership was 25,000. her share of the taxable income from the partnership since she purchase the interest has been 100,000 and Elaine has received 75000 in cash distribution from the partnership.
Prepare a statement of partnership liquidation, indicating the sale of assets and division of loss and the payment of liabilities.
Your task is to write a memo to Ms. Johnson that explains the differences between LIFO, FIFO, and Average Cost inventory cost flow assumptions.
Journalize required transactions, if any, in Miles's general journal. Explanations are not required and what is the balance in Estimated warranty payable?
What are the investment's payback period, IRR, and NPV, assuming the firm's WACC is 9% and if the firm requires a payback period of less than 5 years, should this project be accepted?
Determine the ending inventory under a perpetual inventory system using (1) FIFO, (2) moving-average (round unit cost to three decimal places), and (3) LIFO.
Management of Gilmartin Corporation, a manufacturing company. Evaluate the contribution margin for February.
Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!
whatsapp: +1-415-670-9521
Phone: +1-415-670-9521
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd