1) Using your annual budget data from Week 3 and the data provided, calculate the fixed and variable costs for the 3 production departments.
2) Using your annual budget data from Week 3 and the data provided, calculate the standard costs of the 2 product lines produced in your factory. Note: You will be using activity based costing; the various cost drivers available are specified in the data
3) Using the budgeted sales data, calculate the standard gross margin for each of the 2 products - both per unit and total gross margin with budgeted volume. Note: Present the standard gross margin in a contribution income statement format (per unit for each product line and total for each product line) Note: Because we are costing products and only calculating through standard gross margin, Sales and Advertising Expense and Interest Expense can be ignored this week.
4) Write a paragraph explaining the results and recommending which product line would be best to advertise to gain additional sales, and why you chose that product line.

Aprice ceiling is “binding” if the price ceiling is set below the equilibrium price. suppose that the equilibrium price is $5. if a price ceiling is set at $6, this will not affect the market in any way since $5 remains a legally allowable price (since $5 < $6). a price ceiling of $6 is called a “non-binding” price ceiling. on the other hand, if the price ceiling is set at $4, the price ceiling is “binding” because the natural equilibrium price is $5 but that is no longer allowed. what happens when there is a binding price ceiling? at a price below the equilibrium price, quantity demanded exceeds quantity supplied. there is a shortage. normally, price increases eliminate shortages by increasing quantity supplied and decreasing quantity demanded. in this case, however, price increases are not allowed past the price ceiling. we therefore predict that the observed market price will be right at the price ceiling and there will be a permanent shortage. the observed quantity bought and sold will be dictated by the quantity supplied at the price ceiling. although consumers would like to buy more, there are no more units for sale

What are two benefits of consumer programs

Money aggregates identify whether each of the following examples belongs in m1 or m2. if an example belongs in both, be sure to check both boxes. example m1 m2 gilberto has a roll of quarters that he just withdrew from the bank to do laundry. lorenzo has $25,000 in a money market account. neha has $8,000 in a two-year certificate of deposit (cd).