Ponda Express reported the following results for October 2020: REVENUE   $ % Food $100,580.00 62.30% Beverage $60,820.00 37.70% TOTAL REVENUE $161,400.00 100.00% LABOR COST   Hours $ Kitchen 1,260 $18,700.00 Dining Room 1,550 $14,300.00 Bar 2,810 $9,800.00 TOTAL LABOR COST 5,290 $42,800.00 For the month of October 2020, food cost was equal to 31% and beverage cost was equal to 18%. Q. What is Ponda Express' Cost of Goods Sold (COGS) in percentage for the month? A. 59.60% B. 26.10% C. 2.39% D. 33.50%

Analyzing Operational ChangesOperating results for department B of Shaw Company during 2019 are as follows: Sales   $800,000 Cost of goods sold   480,000 Gross profit   320,000 Direct expenses   200,000 Common expenses   123,000 Total expenses   323,000 Net loss   $(3,000)   If department B could maintain the same physical volume of product sold while raising selling prices an average of 6% and making an additional advertising expenditure of $40,000, what would be the effect on the department’s net income or net loss? (Ignore income tax in your calculations.) Use a negative sign with your answer to indicate if the effect increases the company's net loss. If Department B increased its selling price by 6%, the effect on net income (loss) would be $Answer

Crompton produces a product that sell at wholesale for 2.60 per unit. Budgeted production in both 2018 and 2019 was 3,000 units. There was no beginning inventory in 2018. The following data summarized the 2018 and 2019 operations: 2018, 2019 Units sold =2,500, 3,200 Units produced 3,000 3,000 Costs: Variable factory overhead per unit 0.65, 0.65 Fixed factory overhead 1,290, 1,290 Variable marketing per unit 0.80, 0.80 Fixed Selling and Administrative 650, 650 Compute variable costing operating income for the 2019.

Smooth Incorporated manufactures hair brushes that sell at wholesale for $2.60 per unit. Budgeted production in both 2021 and 2022 was 4,000 units. There was no beginning inventory in 2021. The following data summarized the 2021 and 2022 operations:     2021 2022 Units sold 3,000 4,200 Units produced 4,000 4,000 Costs:     Variable factory overhead per unit $ 0.55 $ 0.65 Fixed factory overhead $ 1,800 $ 1,800 Variable marketing per unit $ 0.75 $ 1.00 Fixed Selling and Administrative $ 650 $ 650   Full costing operating income for 2021 is calculated to be: (Do not round intermediate calculations. Round your final answers to whole dollar amounts.) Multiple Choice $1,450. $1,900. $1,950. $1,521. $1,569.

The following cost data pertain to the operations of Quinonez Department Stores, Incorporated, for the month of September.   Corporate headquarters building lease $ 78,000 Cosmetics Department sales commissions-Northridge Store $ 5,270 Corporate legal office salaries $ 66,500 Store manager's salary-Northridge Store $ 12,200 Heating-Northridge Store $ 20,400 Cosmetics Department cost of sales-Northridge Store $ 39,100 Central warehouse lease cost $ 9,800 Store security-Northridge Store $ 16,200 Cosmetics Department manager's salary-Northridge Store $ 4,310   The Northridge Store is just one of many stores owned and operated by the company. The Cosmetics Department is one of many departments at the Northridge Store. The central warehouse serves all of the company's stores.   What is the total amount of the costs listed above that are direct costs of the Cosmetics Department?

im.2

Laredo, Inc. has a contribution margin ratio of 55%. This month, sales revenue was $186,000, and profit was $28,000. If sales revenue increases by $45,000, by how much will profit increase? Multiple Choice $1,540 $5,500 $21,950 $24,750