Bundle: Essentials of Business Communication, Loose-leaf Version, 11th + MindTap Business Communication, 1 term (6 months) Printed Access Card
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Chapter 1, Problem 1.7AAC
Summary Introduction

To determine:

Whether the listening skills and behaviors of individuals differ depending on the career they opt for. A list of verbal and non-verbal cues has to be prepared for each member of different professions like business executive, teacher, physician, police officer, attorney, accountant, administrative assistant, mentor or team leader that would display to show if he is listening.

Introduction:

Good communication skills, inter-personal and intra-personal skills, oral and written skills all matter a lot while seeking a good job irrespective of the profile. However, some jobs depend more on hard skills while some look for soft skills.

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Kenzi Kayaking, a manufacturer of kayaks, began operations this year. During this first year, the company produced 1,000 kayaks and sold 750. at a price of $1,000 each. At this first year-end, the company reported the following income statement information using absorption costing. Sales (750 $1,000) $750,000 Cost of goods sold (750 $450) 337,500 Gross margin 412,500 Selling and administrative expenses 240,000 Net income $172,500 Additional Information: a. Production cost per kayak totals $450, which consists of $350 in variable production cost and $100 in fixed production cost the latter amount is based on $100,000 of fixed production costs allocated to the 1,000 kayaks produced. b. The $240,000 in selling and administrative expense consists of $95,000 that is variable and $145,000 that is fixed. Required: Prepare an income statement for the current year under variable costing.
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