A tenant leased a 4000 square foot building and agreed to pay $10 per square foot plus 5% if the gross scales. The total rent for the year was $80,000. What were the gross sales?
A. $400,0000
B. $450,000.
C. $800,000
D. $850,000
Answer: C. $800,000
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Canada Sailboats Company manufactures 10 luxury yachts per month
A compact media center is included in each yacht. Canada Sailboats manufactures the media center in-house but is considering the possibility of outsourcing this function. At present, the variable cost per unit is $270, and the fixed costs are $40,000 per month. Justin Blake, the CEO, wishes to increase operating income by $3,000. He has an offer from a foreign producer to provide the media centers at a contract cost of $325 per unit. The required saving in fixed cost in order to achieve his objective would be ________. A) $3,000 B) $550 C) $3,550 D) $2,700
Based on the following, what is the total direct labor variance?
A) $50 F B) $450 U C) $500 F D) $50 U