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In January 2015, the president of Datura, Ltd. conducted a strategic planning meeting. During the meeting, the vice president of distribution noted that because of a new contract with an international shipping line, the company’s fixed distribution costs for 2015 would be reduced 10 percent and its variable distribution costs by 4 percent. The vice president of sales offered the following information.
We plan to sell 15,000 sets of pottery again in 2015, but based on review of the competition, we are going to lower the selling price to 890 per set. To encourage increased sales, we will raise sales commissions to 12 percent of the selling price.
The president is concerned that the changes described by the vice presidents may not improve operating income sufficiently in 2015. If operating income does not increase by at least 10 percent, she will want to find other ways to reduce the company’s costs. She asks you to evaluate the situation by preparing a report.
Question: Prepare a budgeted contribution margin income statement for 2015. Your reportshould show the budgeted (estimated) operating income based on the information provided above and in C3. Will the changes improve operating income sufficiently? Explain?
Katy's Catering Co. places an order with Sharpe's Supply House for 100 white linen table clothes. A week later, Sharpe's delivers the order to Kathy's in ten boxes. Katy opens up a few boxes, determines that they contain white linen tablecloths, and ..
question 38alladin company purchased machine 201 on may 1 2012. the subsequent information relating to machine 201 was
What is one of the analytical procedures commonly used when auditing accounts in the inventory and warehousing cycle? Why do we use this procedure (i.e., what does it tell us)?
As you learned in this week's reading, account receivables record bad debts or other promises to pay by debtors (Porter & Norton). To understand the accounting for the sale of investments and the generation of notes receivable,
Alabama Alarm Co. issued $4,000,000 of 7 year, 12% bonds with interest payable semiannually at an effective interest rate of 10%. Use the tables in Appendix A to determine the present value of the bonds payable. Round to the nearest dollar.
some accountants have said that politicization in the development and acceptance of generally accepted accounting
A company that produces a single product had a net operating income of $93,000 using variable costing and a net operating income of $132,440 using absorption costing. Total fixed manufacturing overhead was $60,180 and production was 11,800 units both..
Determine the rate and efficiency variances for the variable overhead item power cost and indicate whether those variances are unfavorable or favorable.
The Beach Hotel is located in a warm-weather destination area. For two weeks every spring, thousands of college students travel to the area for fun and relaxation. Which of the following yield management tactics would make the least sense for pricing..
Given base index and index at delivery, estimation of adjusted contract price.
selected data from a february payroll register for cheney company are presented below.some amounts are intentionally
1. compus subsidiary cellu is growing its cell phone line to add cell phone cases. the cases may be sold for 20 each
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