![natalie2sheffield](/avatars/2040.jpg)
natalie2sheffield
26.03.2021 •
Business
Jackson Company produces plastic that is used for injection-molding applications such as gears for small motors. In 2016, the first year of operations, Jackson produced 5,700 tons of plastic and sold 4,275 tons. In 2017, the production and sales results were exactly reversed. In each year, the selling price per ton was $2,000, variable manufacturing costs were 18% of the sales price of units produced, variable selling expenses were 9% of the selling price of units sold, fixed manufacturing costs were $3,762,000, and fixed administrative expenses were $550,000.JACKSON COMPANY Income Statement For the Year Ended December 31, 2016 Variable Costing Sales Variable Cost of Goods Sold Inventory, January 1 Variable Costs of Goods Manufactured 1200000 Variable Costs of Goods Available for Sale v 1200000 Inventory, December 31 (150000) Variable Cost of Goods Sold 1050000 Variable Selling Expenses 700000 Contribution Margin 2800000 Fixed Manufacturing Overhead Fixed Administrative Expenses 500000 Net Income/(Loss) 7000000 1750000 5250000 3300000 1950000
Solved
Show answers
More tips
- S Science and Technology Colliders: How They Work and Why They Matter...
- S Science and Technology Exploring Our Galaxy: How Many Planets are in the Milky Way?...
- W Work and Career Everything You Need to Know About MBA Programs...
- B Business and Finance What is the Difference Between Visa and Visa Gold?...
- C Computers and Internet The Twitter Phenomenon: What it is and How to Use it...
- S Sport When and Where Will the 2014 World Cup be Held?...
- S Sport When is the Champions League final?...
- C Construction and repair How to Choose the Best Underfloor Heating?...
- A Animals and plants How ants survive winter: exploring the secrets of their winter life...
- A Auto and Moto How to Choose a Car Wash? Tips and Recommendations...
Answers on questions: Business
- B Business Ted is a senior employee at an IT firm. The top management of the firm permits him to take up a full-time temporary position at another organization that would help...
- B Business in the two sector circular flow model with savings, the households savings are always assumed to be equal to the firms investment expenditures...
- E English Which BEST describes how the unrhymed, non-rhythmic structure of the poem helps create the meaning? A) The unrhymed, non-rhythmic structure of the poem creates a sad,...
- M Mathematics 2.95 dollars for a notebook with 5 percent ttax...
- M Mathematics 10. ABC Car Rentals advertises that a rental car costs $25 per day plus a charge of 0.10 per mile. For the same car XYZ Car Rental advertises a price of $40 per day...
- P Physics The figure shows two observers 20 m apart on a line that connects them and a spherical light source. If the observer nearer the source measures a light intensity 46...
Ответ:
Anything that uses gas to emit a flame