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Question
Karl and Grady are managers of two product lines for Brewster Company. One of them is a candidate for promotion based on performance. Using the data below, determine who had the better performance using performance measures such as net income, profit margin, and return on investment. Show your calculations and support your answer.| Karl | Grady | |
| Revenue.................... | $412,000 | $450,000 |
| Costs........................ | 380,000 | 411,000 |
| Average Assets......... | 400,000 | 600,000 |
Answer
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Direct labor X X
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Variable manufacturing overhead
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Direct materials
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Match the following
Q:
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Total fixed overhead $85,000
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Q:
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Q:
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Direct labor $2.50 per unit
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Q:
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E. $21,560
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Given the Cool Pools Company data, what is net income using absorption costing?
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E. $276,250
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Given the Galaxy, Inc. data, what is net income using absorption costing?
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E. $16,220,000