Oriole industries had sales in 2021 of $7,480,000 and gross profit of $1,210,000. management is considering two alternative budget plans to increase its gross profit in 2022. plan a would increase the selling price per unit from $8.00 to $8.40. sales volume would decrease by 137,500 units from its 2021 level. plan b would decrease the selling price per unit by $0.50. the marketing department expects that the sales volume would increase by 143,000 units. at the end of 2021, oriole has 47,000 units of inventory on hand. if plan a is accepted, the 2022 ending inventory should be 43,000 units. if plan b is accepted, the ending inventory should be equal to 78,000 units. each unit produced will cost $1.50 in direct labor, $1.30 in direct materials, and $1.20 in variable overhead. the fixed overhead for 2022 should be $2,086,000. prepare a sales budget for 2022 under each plan.

Answers

Answer 1

The sales budget for Plan A is  $6,699,000 and Plan B is $8,085,000.

Sales Budget for 2022

Plan A

Sales (units) 797,500

($7,480,000/$8=937,500)

(935,000-137,500=797,500)

Selling Price $8.40

($8.00 + $0.40)

Sales (dollars) $6,699,000

(797,500×$8.40)

Plan B

Sales (units) 1,078,000

(935,000+ 143,000=1,078,000)

Selling Price $7.50

($8.00 - $0.50)

Sales (dollars) $8,085,000

(1,078,000×$7.50)

Therefore the sales budget for Plan A is  $6,699,000 and Plan B is $8,085,000.

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Related Questions

oas on a callable bond is 75 basis points using on-the-run treasuries as benchmark rates. which is correct?

Answers

The correct statement is option C. OAS reflects the credit risk and liquidity risk of the bond over the treasury benchmark rates. Read below about a callable bond.

What is a callable bond?

A callable bond is a type of bond that permits the issuer of the bond to retain the privilege of redeeming the bond at some point before the bond reaches its date of maturity. Consequently, the said point which is basis is 75.

Therefore, the correct answer is option C. OAS reflects the credit risk and liquidity risk of the bond over the treasury benchmark rates.

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What do we call written agreements among states that serve as the most important source of international law

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Treaties are written agreements among states that serve as the most important source of international law.

What are Treaties?A formal, written agreement that is enforceable under international law is known as a treaty.It is often made by and between sovereign governments and international organizations, however, it can occasionally involve individuals, corporate bodies, and other kinds of legal persons. Among other names, a treaty is often referred to as a protocol, covenant, convention, pact, or exchange of letters on a global scale. International law, however, only classifies agreements as treaties if they are enforceable by all parties.The first recorded instance of a treaty is a border agreement between the Sumerian city-states of Lagash and Umma in the vicinity of 3100 BC. Treaties are among the earliest examples of international interactions.Most major civilizations utilized some kind of international agreement, and over the early modern age, both their sophistication and number increased.

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How quickly must you file a report with the michigan dnr if property damage exceeds $2,000?.

Answers

The amount of time that is allowed before filing a report with the Michigan Dnr if property damage exceeds $2,.000 is 5 days.

What is Insurance?

This refers to the coverage that a product or service has and subscribed for that is covered in the event of theft, loss, or other unforeseen circumstance.

Hence, we can see that in the case of property damage, the maximum amount of time given to file to the Michigan DNR is five days if the damage to the vessel and other property damage totals more than $2,000.

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What are the goals when a government uses expansionary monetary policy? check all that apply.

Answers

The goals when a government uses expansionary monetary policy are

Increasing its money supply to boost the economy.Increasing its money supply to speed business expansion.Decreasing its interest rates to increase investment spending.

What is expansionary monetary policy?

This is when a government relax its control on the volume of money supply in an economy.  The purpose of the policy is to expand money supply and also lowers short-term interest rates.

It is to be noted that expansionary monetary policy is intended to promote more economic activity.

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N.B

Please see complete question below:

What are the goals when a government uses expansionary monetary policy? Check all that apply.

Increasing its money supply to boost the economy

Decreasing its money supply to slow the economy

Increasing its money supply to speed business expansion

Decreasing its money supply to curb business expansion

Decreasing its interest rates to increase investment spending

Answer:

A) increased available credit

C) increased money supply

F) decreased interest rate

Explanation:

got right

What is Amazon's WACC? Note: Amazon does not have r preferred stock. Apply the CAPM to estimate the cost of equity using the expected market return and risk-free rate from the Walmart WACC estimate. Answer to 2 decimal places in % format w/o % sign.

Answers

Hence, 0.21 is the amount of taxes that were mentioned in the Walmart example, in addition to 0.66 percent and 12.70 percent.

What is Amazon's WACC?

1.1634= bond from line

Generally, the cost of equity is  mathematically given as

Using the CAPM to estimate the cost of equity using the expected market return and risk-free rate from the Walmart WACC we have

C.E=R+[tex]\beta[/tex] (ER-R)

Where

R=risk free rate

[tex]\beta[/tex] = beta of the investment

(ER-R)=market risk premium

Therefore, from the Walmart WACC

CE=0.66%+1.1634*(12.7%-0.66%)

CE=14.68%

Generally, the Market value is  mathematically given as

MV= 1,215,500,000,000

Generally, the cost of debt is  mathematically given as

CD= 37,855,403,701.28

Hence

Total value= 1,215,500,000,000+37,855,403,701.28

Total value= 1,253,355,404,000

[tex]Weight of equity= \frac{1,215,500,000,000}{1,253,355,404,000}*100[/tex]

Weight of equity= 96.98%

[tex]Weight of debt= \frac{37,855,403,701.28}{1,253,355,404,000} *100[/tex]

Weight of debt=3.02%

Therefore

0.969814*0.68+0.03020.014*(1-0.21) = 14.27%

Hence, 0.21 is the amount of taxes that were mentioned in the Walmart example, in addition to 0.66 percent and 12.7 percent.

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Kristen's shipping determined the pdor rate to apply overhead based on direct labor hours would be $8.40 of moh per direct labor hour.the pdor based on machine hours would be $5.20 moh per machine hour. job 43d used $12.40 of direct materials, 0.46 machine hours, and 18 minutes of direct labor at a cost of $13 per hour. how much is the total cost of job 43d if kristen's shipping applies overhead based on machine hours

Answers

Shipping applies, overhead based on labor hours is $18.82.

How is it calculated labor hours?

By dividing the total number of finished items by the total amount of direct labor hours required to make them, labor hours are calculated.

Direct materials, $12.40

Direct labor  ($13×18/60) $3.90

Direct labor hour ($8.40×18/60) $2.52

(direct materials+ direct labor + direct labor hour)

Total Cost $18.82

Hence, $18.82 is correct answer.

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__________ is important for devloping self-reglation and promoting language. Varying rates. Motivation. Play. Secure relationships. Challenged. Screening tool. I will mark brainlest

Answers

Answer:

Motivation.

Explanation:

please mark me brainlist

The government raises money on the federal level through which taxes? check all that apply.

Answers

The different ways the government raises money in the federal level are:

Income taxes, Tariff Taxes, Occupational Taxes, Excise Taxes, Corporate Taxes.

What is Taxation?

This refers to the process of collecting taxes from people in a given population in order to solve a social problem and increase the standard of living.

Hence, we can see that the government raises money through different types of taxes and they include: Income taxes, Tariff Taxes, Occupational Taxes, Excise Taxes, Corporate Taxes.

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more abundant leisure increases ______, but it ______ real gdp.

Answers

More abundant leisure increases Social Welfare, but it decreases real GDP.

What is GDP?

GDP also known as the gross domestic product is the monetary measure of the market value of all products and services produced in a country within a particular period of time.

When a country increases its leisure, it increases the level of social welfare but at the same time decreases the value of the GDP of that country.

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Answer:

social welfare; decreases

Explanation:

The major difference between a low-cost provider strategy and a focused low-cost strategy is the a. amount of outsourcing involved. b. length of the managerial experience curve. c. size of the buyer group to which a company is appealing. d. number of upscale attributes incorporated into the product offering. e. production methods being used to achieve a low-cost competitive advantage.

Answers

The major difference between a low-cost provider strategy and a focused low-cost strategy is the size of the buyer group to which a company is appealing.

What is a strategy?

These are devices company employ to achieve their medium and long term objectives.  It is an action that managers embark on so that organization's goals can be achieved.

It is to be noted that strategy, as a plan of action can be middle and long term desired goals.

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Tell me about a time you tried to sell a customer, teammate, or someone else on an idea, product, or service. describe the situation, your actions, and the outcome
will give brainliest answer
does not have to be work related

Answers

To try to sell a product or idea we must use valid arguments and connect attitudinally with the people to whom we offer them.

What is a sale?

A sale is a transaction in which a product or service is exchanged for money.

What experiences do we have selling something?

One experience we have selling something was when we built some wooden toys to sell to my friends and family as Christmas souvenirs.

For them I had to call them and send them an email with pictures of the toys. In general, we highlighted the most striking features of the toys and had a positive attitude to convince buyers.

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A negative relationship between the quantity demanded and price is called the law of:.

Answers

Answer:

the law of demand

Explanation:

When going downhill, a truck's momentum makes it ____ so you'll have to ____ to pass it

Answers

When going downhill, a truck's momentum makes it go faster so you'll have to speed up to pass it.

What is a momentum?

momentum can be expressed as the  product of the mass of a particle as well as the velocity of the object .

Momentum serves as  vector quantity because of its magnitude as well as direction, hence, When going downhill, a truck's momentum makes it go faster.

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What does the release of earnings announcements

Answers

The release of earnings announcements and economic indicators are similar because c) both are estimated in advance by analysts.

Why are earnings announcements analyzed?

Earnings announcements help determine the value of a company and so they are analysed to help people decide if they can invest and make a capital gain.

Economic indicators are also analyzed with the goal being to predict where the economy is going and what to do about it.

The full question and options are:

What does the release of earnings announcements have in common with the release of economic indicators?

a) Both are typically released on a quarterly basis.

b) both are typically published by corporations

c) both are estimated in advance by analysts

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Consumers experience ______ marginal utility the more they consume of a particular good or service.

Answers

Consumers experience diminishing marginal utility the more they consume of a particular good or service.

Marginal utility is the added satisfaction that a consumer gets from having one more unit of a good or service. The concept of marginal utility is used by economists to determine how much of an item consumers are willing to purchase.

Positive marginal utility occurs when the consumption of an additional item increases the total utility. On the other hand, negative marginal utility occurs when the consumption of one more unit decreases the overall utility.

The law of diminishing marginal utility states that all else equal, as consumption increases, the marginal utility derived from each additional unit declines.

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A company just starting business made the following four inventory purchases in June: Date Number of units purchased Total cost June 1 120 units $ 420 June 10 150 units 600 June 15 150 units 570 June 28 200 units 270 $1860 A physical count of merchandise inventory on June 30 reveals that there are 210 units on hand. Using the average-cost method, the amount allocated to the ending inventory on June 30 is

Answers

The cost of ending inventory is $630.

What is the value of ending inventory?

The average inventory method entails using the average cost of the total inventory purchased to determine the value of the ending inventory.

Average cost = total cost / total units purchased

1860 / (120 + 150 + 150 + 200) = $3

Cost of ending inventory = 210 x 3 = $630

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Beta and Gama Inc. produces an item that currently sells for $250 per unit. Current production costs per unit includes direct materials of $30, direct labor of $25, variable overhead of $15, fixed overhead of $20, and total production costs of $90. Beta and Gama Inc. has received a special pricing offer from a nonprofit organization to buy 1,000 units at $200 per unit. Beta and Gama Inc. is currently operating at its full production capacity. Based on the scenario, Beta and Gama Inc. should Blank______.

Answers

The answer should be $30

In the context of brand extensions, stretchability of a brand depends on: a. preventing the transfer of meaning from the new branded product to the original brand schema. b. consumers' ability to process relationships between the parent brand and associated products. c. consumers' rejection of the fit between the parent brand and other products on which it appears. d. finding consumers with the same degree of liking for a parent brand. e. the usage differences between parent brand and associated products.

Answers

The answer should be A

Differentiation for most consumer brands can be based on.

Answers

Features, performance, or style and design, is differentiation for most consumer brands can be based on.

What differentiate the product from other products?

Products can be differentiated from one product to another there are many features that apply to the product like the packaging, design, uses and specification, materials. They are also differentiated by the trademark and company.

Thus, Features, performance, or style and design.

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For accounting purposes, postdated checks (checks payable in the future) are considered to be

Answers

The postdated checks are considered to be an accounts receivable for accounting purpose.

What is a postdated checks?

These are checks that is expected to make a payment to be processed on a specified date in the future.

However, in accounting, the postdated checks are considered to be an accounts receivable by a firm for accounting purpose.

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Which trim level is available exclusively for customers who participate in the 2023 ariya reservation program?.

Answers

The PLATINUM+ e-4ORCE is the trim level that is available exclusively for customers who participate in the 2023 Ariya reservation program.

What is the Ariya reservation program?

The reservation program is organized by Nissan firm to the public.

In conclusion, the PLATINUM+ e-4ORCE is said to be the trim level that is available exclusively for customers who participate in the 2023 Ariya reservation program.

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On April 1, Griffith Publishing Company received $1,908 from Santa Fe, Inc. for 36-month subscriptions to several different magazines. The subscriptions started immediately. What is the amount of revenue that should be recorded by Griffith Publishing Company for the first year of the subscription assuming the company uses a calendar-year reporting period

Answers

The amount of revenue that should be recorded by Griffith Publishing Company for the first year of the subscription is: $477.

Amount of revenue

Using this formula

Revenue= Received amount × Number of months ÷ Number of subscription months

Let plug in the formula

(April 1- December 31= 9 months)

Revenue= $1,908× 9 months ÷ 36 months

Revenue= $477

Therefore  The amount of revenue that should be recorded by Griffith Publishing Company for the first year of the subscription is: $477.

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Question 1
Which of the following is not a form of earned income?

Answers

Answer:

rental income

Explanation:

hope this is right and helps

The ""invisible hand"" works to promote general well-being in the economy primarily through:.

Answers

The "invisible hand" works to promote general well-being in the economy primarily through people's pursuit of self-interest. therefore, Option A is the correct statement.

How does the Invisible Hand work?

The invisible hand is a part of laissez-faire, which means the "let do/permit go," method in the marketplace. In different words, the method holds that the marketplace will discover equilibrium without authorities or different interventions forcing it into unnatural patterns.

The complete information about the question is given below:

a. people's pursuit of self-interest.

b. the political process.

c. government intervention.

d. altruism.

therefore, The "invisible hand" works to promote general well-being in the economy primarily through people's pursuit of self-interest. Option A is the correct statement.

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If today's exchange rate reflects all relevant public information about the euro's exchange rate, but not all relevant private information, then ____ would be refuted. a.semistrong-form efficiency AND strong-form efficiency b.weak-form efficiency AND semistrong-form efficiency c.strong-form efficiency d.weak-form efficiency e.semistrong-form efficiency

Answers

If today's exchange rate reflects all relevant public information about the euro's exchange rate, but not all relevant private information, then weak-form efficiency and semi strong-form efficiency would be refuted.

What is exchange rate?

An exchange rate is the value of one currency as it relate to another country's currency. Here, it means the rate in which one currency will be exchanged for another.

If today's exchange rate reflects all relevant public information about the euro's exchange rate, but not all relevant private information, then weak-form efficiency and semi strong-form efficiency would be refuted.

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Which of these is a major advantage of a market economy?
Select one:
1.There is efficient government control of production and
distribution.
2.It can change direction rapidly when needed as markets change.
3.People are likely to be offered goods and services they can't
afford.
4.There is a high degree of individual freedom.

Answers

These is a major advantage of a market economy is it can change direction rapidly when needed as markets change. Thus second option is correct.

What is Market Economy?

Market Economy refers to the economy in which the prices of the goods and services are determined by the two market forces that are supply and demand.

There is a less control of the government in the market economy and therefore all the decisions are taken by the private individuals. Thus option 1st is incorrect.

The Prices of the goods and services are determined by the supply and demand forces and the prices are kept as per the affordability of the customers. Thus option 3rd is also incorrect.

Therefore the correct option is 2nd one as the market changes the price of the good and services are also effected and get changed.

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what happens during the storming stage of team development?

Answers

During the storming stage,  people start to push against the established boundaries.

What is Team Development?

    Team development is the process if assembling a group of people who work together to achieve a common goal.

Before a Team is developed it must have passed through different stages which ensure a long lasting team.

During team development, there are five critical stages that must occur. They include

Forming Storming Norming Performing  Adjourning

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what is the best way to prevent underage alcohol sales

Answers

The best way to prevent underage alcohol sales is to:

Ask every guest who might be underage for a valid ID.

What is Underage Drinking?

Underage drinking occurs when a person who is below the legal age of drinking indulges in alcohol.

When young people who are below the legal age of drinking approach a store manager, the best thing to do will be to ask for their official means of identification. If this is below the recommended age then it will not be ideal to sell to them.

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An open market sale of U.S. Treasury bonds by the central bank will ________ credit conditions for private firms.

Answers

An open market sale of U.S. Treasury bonds by the central bank will ease credit conditions for private firms.

What is Open Market Sale?

Open Market Sale means a sale of shares of Common Stock pursuant to a "brokers' transaction" within the meaning of Section 4(4) of the Securities Act or in a transaction directly with a "market maker", as that term is defined in Section 3(a) (38) of the Exchange Act.

The most commonly used tool of monetary policy in the U.S. is open market operations. Open market operations take place when the central bank sells or buys U.S. Treasury bonds in order to influence the quantity of bank reserves and the level of interest rates. The specific interest rate targeted in open market operations is the federal funds rate. The name is a bit of a misnomer since the federal funds rate is the interest rate charged by commercial banks making overnight loans to other banks. As such, it is a very short-term interest rate, but one that reflects credit conditions in financial markets very well.

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How did the Market Revolution change the role of work for women? Question 5 options: It provided the opportunity for some women to work in mill towns instead of their family's farm It provided the opportunity for some women to work on their family's farm instead of a factory Allowed women to become stay at home wives Allowed women to get an education

Answers

The Market Revolution change the role of work for women because It provided the opportunity for some women to work in mill towns instead of their family's farm.

What is the Market Revolution?

It refers to the period of marketplace expansion throughout the early america that brought distance communities together and created a specialized and interdependent economy.

During the period, the role of work for women changed because It provided the opportunity for some women to work in mill towns instead of their family's farm.

Therefore, the Option A is correct.

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