GABRIANA PHARMA To our hardworking medical representatives: I am glad to inform you of our new policy on sales commissions. Please see them below: . Selling 1-50 boxes of our new drug, the medical representative gets P3,000 commission. Selling 51-100 boxes, commission becomes P5,000. Being able to sell 101-150 or more boxes allows a commission of P7,500. Thank you for your continued support. The commission to the medical representatives is best described by which of the following cost behaviors? O • Fixed cost O.Variable cost O . Mixed cost O • None of the above
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- You have just begun your summer internship at Omni Instruments. The company supplies sterilized surgical instruments for physicians. To expand sales, Omni is considering paying a commission to its sales force. The controller, Matthew Barnhill, asks you to compute: (1) the new breakeven sales figure, and (2) the operating profit if sales increase 15% under the new sales commission plan. He thinks you can handle this task because you learned CVP analysis in your accounting class. You spend the next day collecting information from the accounting records, performing the analysis, and writing a memo to explain the results. The company president is pleased with your memo. You report that the new sales commission plan will lead to a significant increase in operating income and only a small increase in breakeven sales. The following week, you realize that you made an error in the CVP analysis. You overlooked the sales personnel’s $2,800 monthly salaries, and you did not include this fixed…As a distributor, SH Bhd has to make sure that healthcare provider prescribes gets to the right hospital, pharmacy or other healthcare facility safely, securely and reliably. Thus, for the past 10 months, SH Bhd has been conducting a research in developing a revolutionary new system to enhance the efficiency of its existing distribution system. SH Bhd believes this project will be a successful one and there are a few distributors companies who also show their interest to buy this system. The cost to patent this system when its ready is estimated at RM70,000. So far, SH Bhd has incurred RM175,000 to finance this project. However, as of company's year-end (December 31), this new system has not been marketed. This is due to an error which requires substantial amount of work by the researchers to fix the problem REQUIRED: Explain the accounting treatment for the cost incurred by SH Bhd to develop new distribution system in accordance to MFRS 138 Intangible Assets. Prepare the journal entry…Carmel Company has a frequent buyer program for its customers, where the customers can attain an "elite" level based on the number of orders and the total revenue of the orders. There are twoelite levels: Platinum and Titanium. The benefits of elite membership include discounts and access to special customer service representatives who can resolve problems. The company has one full time customer representative per 200 Titanium customers and one full-time customer representa tive per 2,000 Platinum customers. Customer representatives receive salaries plus bonuses of 2 percent of customer gross margin. Carmel spends 70 percent of its promotion costs on Titanium customers to encourage their loyalty
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- Mary is a sales person for Challenge Furniture. She receives an incremental commission based on the table below. If she sells $28,000 and has already received a draw of $766.15, how much commission is still owed to Mary? Level Sales volume Commission Rate 1 $0-11,700 3.1% 2 $11,700-21,200 4.3% 3 Over $21,200 4.9% Need Help? Read It Watch It Master it Submit Answer 4. [0/1 Points]' DETAILS MY NOTES BRECMBC9 9.1.028. PREVIOUS ANSWERS ASK YOUR TEACHER PRACTICE ANOTHER Jerry King is a server in a restaurant that pays a salary of $28 per day. He also averages tips of 18% of his total gross food orders. Last week he worked 6 days and had total food orders of $2,962.50. What was his total gross pay for the week (in $)? x Need Help? Read It Submit AnswerYou are the revenue manager for the UCF athletic department. The ticket sale model that is used to price UCF football tickets is a dynamic pricing model, which means ticket prices adjust to supply and demand. Your group ticket manager contacts you and says that he has a large group that is requesting a group rate for 50 tickets for 3 games (150 total). Traditionally, the tickets that the group is requesting would sell for $100 each. You know that you could sell 70 tickets but cannot be sure about the other 80 seats. This means that the displaced contribution would have be $5,600 (70 x $80). The group will make other revenue contributions by spending $1,500 in concessions. Thus, making the total displacement contribution needed $4,100. The variable cost on each ticket is $20. What is the minimum price you could sell these tickets for? Contribution Margin = Ticket price - Variable costs O $100 O None of these answers are correct O $50.01 O $10.99 O $27.33The problem to be resolved: Ready Hospital Supplies (RHS) trades in the buying and selling of supplies primarily targeting hospitals and private medical practitioners. During the COVID-19 pandemic, the business has experienced a rapid increase in demand and RHS is faced with the need for additional financing. You and your group members are the accounting associate supporting the credit request to Millionaire National Bank (MNB). The corporatebanking head at MNB is requesting a full set of financial statements to ensure that granting the loanwould be financially feasible during a period when many similar businesses are facing delinquency and foreclosures. Your head of finance has furnished you with the latest trial balance for RHS, along with other information relevant to the year under review and you are tasked to prepare the documents requested by MNB. Below is the trial balance which was extracted from the books of the business on June 30, the end of the company’s financial year. As…
- If e. procurement sells more than 10,000 packages, Wang receives an additional $8 for each package sold beyond the 10,000 level. Q.1. What is the unit cost to ECG of Wang’s software code included in its e. procurement package if it sells (a) 2,000 packages, (b) 6,000 packages, (c) 10,000 packages, and (d) 20,000 packages? Comment on the results. Q.2. To predict ECG’s total cost of using Wang’s software code in e.procurement, which unit cost (if any) of (a) to (d) in requirement one would you recommend ECG use? Explain.The problem to be resolved: Ready Hospital Supplies (RHS) trades in the buying and selling of supplies primarily targeting hospitals and private medical practitioners. During the COVID-19 pandemic, the business has experienced a rapid increase in demand and RHS is faced with the need for additional financing. You and your group members are the accounting associate supporting the credit request to Millionaire National Bank (MNB). The corporatebanking head at MNB is requesting a full set of financial statements to ensure that granting the loanwould be financially feasible during a period when many similar businesses are facing delinquency and foreclosures. Your head of finance has furnished you with the latest trial balance for RHS, along with other information relevant to the year under review and you are tasked to prepare the documents requested by MNB. Below is the trial balance which was extracted from the books of the business on June 30, the end of the company’s financial year. As…Pauline Cooper is a registered dietitian and the foodservice director at Memorial Hospital. Increasingly, the hospital’s marketing efforts have emphasized its skill in treating diabetic patients. As a result, the number of diabetic meals served by Pauline’s staff has been increasing. As a professional member of the hospital’s management team, Pauline has been asked to report on how the hospital’s diabetic treatment marketing efforts have affected her area.1. How important is it that Pauline have historical records of the type (i.e., vegetarian, low-sodium, gluten-free, and the like) of meals served by her staff and not merely the number of meals served? Why?2. Assume that Pauline’s per-meal cost has been increasing because diabetic meals are more expensive to produce than regular meals. Could Pauline use sales histories to estimate the financial impact of serving additional diabetic meals in the future? How?3. What are other reasons that managers in a foodservice operation might keep…