Calculate the breakeven point and contribution margin. Breakeven point Fixed cost Contribution margin Selling price per unit Variable cost per unit units $71,800 $ $12 $10 es
Q: Accounting A chinese company offers an American buyer rice at US $2500 per M/T CFR New York, the buy...
A:
Q: $1,000 Accounts Receivable 100 Accounts Payable (4,000) Accumulated Depreciation 8,000 Cost of Goods...
A: 1. Income Statement - This statement shows the income earned and loss incurred by the organization i...
Q: con for the discrepancy in re
A: We know that Assets= equity + liabilities
Q: The income statement section of the worksheet shows total debits of $1,300 and total credits of $2,5...
A: Three components of the income statement are as follows:1. Gross profit component ( it gives details...
Q: me statement represents the basic accounting equation. True or false?
A: Solution: Basic accounting equation is that Assets are equal to the sum of Liabilities + equity. The...
Q: Safety Hospital purchased a new MRI equipment. The cost is $450,000.00. Charges to install the equi...
A: Cost = $450,000 Installment cost = $50,000 Useful life = 5 Years
Q: A. Prepare two sets of journal entries using the periodic inventory method and perpetual inventory s...
A: A periodic inventory system states that the inventory would be counted periodically. Whereas, the pe...
Q: Ringmeup Inc. had net income of $197,300 for the year ended December 31, 2019. At the beginning of t...
A: Earnings Per Share: =Earnings attributable to shareholders / Weighted average number of shares outst...
Q: Mohammed Corporation's comparative balance sheet for current assets and liabilities was as follows: ...
A: Cash flow from operating activity indicates cash inflow and outflow of business operations. It can b...
Q: All of the information needed to record the closing entries is found in the Income Statement section...
A: A closing entry is a journal entry that is made at the end of an accounting period to move balances ...
Q: 167. Pearce CompanyPearce Company uses a standard cost system for its production process. Pearce Com...
A: Solution: Variable overhead spending variance = (SR - AR) * AH Standard rate of variable overhead = ...
Q: hat does equivalent units of production (EUP) mean, and why is it necessary for it to be correct?
A: Equivalent units of production (EUP) is a managerial accounting computation that estimates the numbe...
Q: Make a journal entry with this. Bambinini Artsy is a sole proprietorship small business firm
A: Date Account Debit Credit Sep-01 Bank 1000 To capital 1000 Sep-10 P...
Q: ncancelable and requires equal rental payments to be made at the end of each year. 2. The cost of th...
A: calculation of annual rentals Desired Rate of return = 10% Lease Term= 8 years Salvage value = 0 A...
Q: Anne York is a sole trader who started the business of buying and selling furniture in Brighton on t...
A: Introduction:- The act of recording or keeping track of any financial or non-financial action is kno...
Q: Rosenthal Company manufactures bowling balls through two processes: Molding and Packaging. In the Mo...
A: Unit Cost = Total Costs / Equivalent units Cost accounted for : Transferred out = Transferred out un...
Q: Determine the cost of goods sold under LIFO:
A: Answer Cost flow statement using LIFO Cost of Goods Available for Sale Cost of Goods Sold...
Q: Sarasota Corp. uses a periodic inventory system. Its records show the following for the month of May...
A: Weighted Average Cost = Total cost of goods available for sale / Total no. of units available for sa...
Q: Berman V. Parker is plannir which offers to lend the m
A:
Q: Cathy’s Cookies produces cookies for resale at local grocery stores. The company is currently in the...
A: Sales (units) for the quarter = Prior year quarterly sales + 20% increase
Q: A company's board thinks it needs to reward top management for advancing the company's aims. The boa...
A: Bonus share: It is a share issued by the company to some specific individuals for their good perfo...
Q: Consider the following situations for Shocker: 1. On November 28, 2024, Shocker received a $3,000 pa...
A: Adjusting Entry: Adjusting entry alludes to a bunch of diary sections recorded toward the finish of ...
Q: The following information is from the materials requisitions and time tickets for Job 9 completed by...
A: Answer :- step 2 in solution.
Q: The cost of goods sold was computed at P12.250. Total sales for the year were P42950. of which P31.2...
A: Inventory Turnover Ratio = Cost of goods sold / Average Inventory Average Inventory = ( Beginning I...
Q: Calculate the net present value of the project at an effective rate of interest of 10% per annum.
A: £400,000 is incurred in the year 0. Also construction will start in 6 months and annual construction...
Q: 9. Hong Kong Clothiers reported revenue of $5,150,000 for its year ended December 31, 2021. Accounts...
A: Solution We are provided with the following information Revenue = $ 5,150,000 Opening balance of acc...
Q: The adjusted trial balance section of the worksheet is computed by combining which sections of the w...
A: The worksheet is prepared with 10 columns including Unadjusted Trial Balance, Adjustments, adjusted ...
Q: How much is the gain (loss) as a result of the sale of the building?
A: The answer for the multiple choice question and relevant working are presented hereunder : Cost of b...
Q: Choices P19,000 P25,000 P31,000 P34,000
A: Depreciation is a cost charged over the fixed assets for over a period of time. Fixed Assets are the...
Q: The firm is formed to purchase and operate a vehicle. The purpose of the vehicle is to operate a ta...
A: If the Asset having life of only one year then whole cost is eligible for depreciation. If the new b...
Q: Under accrual method, what is the income before taxes should Iniwan report in its December 31, 2020?...
A: Accrual basis income before taxes is the income which a company has earned during the year as per th...
Q: 2. Mala-Inse Company needs P5,000,000 short-term credit for 90 days. To produce the amount, the comp...
A: Financing cost: It refers to the cost of raising funds for the business including flotation costs, l...
Q: The auditor should see to it that fully depreciated property, plant, and equipment still in use must...
A: As long as a fully depreciated plant asset is still useful to the firm, the asset and its accumulate...
Q: XYZ Ltd acquires 100 per cent of Red-X Ltd on 1 July 2021. XYZ Ltd pays the shareholders of Red-X Lt...
A: Goodwill is defined as the portion of the purchase price that is greater than the sum of the net fai...
Q: the amount allocated to automobile loans. a. Formulate a linear programming model that can be used ...
A: *As per Bartleby guidelines, we are supposed to answer only three subparts. Kindly repost the remain...
Q: management by exception”
A: Management by exception is used when there are substantial deviations between the desired and actual...
Q: more than 155 hours per month, he or she gets an additional "overtime" pay of $65.80
A: Aggregate plan is a planning done by Operations managers to make the most of the required production...
Q: Question #4: Perpetual Inventory Using LIFO Beginning inventory, purchases, and sales data for por...
A: GIVEN Beginning inventory, purchases, and sales data for portable game players are as follows: ...
Q: What annual deposit is required for 5 years to accumulate an amount of money with the same purchasin...
A: Answer) Calculation of amount of annual deposit required to accumulate P 1,000 after the end of 5 ye...
Q: GRADED: Recording transactions in t-accounts THE SMITH COMPANY Using the business transactions below...
A: A t-account is a log or list of accounts that keeps track of account transfers
Q: Given the following information calculate: Value B. gross cost of merch sold: Cost Retail $80,000.00...
A: Cost of Goods Sold: The term "cost of goods sold" (COGS) refers to the direct expenses incurred by a...
Q: A. Storage Shelf; the $10 discount is greater than the $5 discount. B. Storage shelf; the markdown r...
A: Markdown The Calculation of Markdown is to the original selling price of the product with the discou...
Q: HANDOUT PROBLEM for CURRENT LIABILITIES I. Prepare journal entries for the following chronological t...
A: Journal Entry Purpose of providing the journal entry to enter the required transaction in accordance...
Q: The Cumberland Company provides the olowing Information: Sales (250,000 units) Manufacturing costs: ...
A: Answer - Part 1 - Calculation of the break-even point in units for Cumberland - Break-even Point =...
Q: The capital accounts for the partnership of Luke and Mark at October 31, 2022 are as follows: Luke, ...
A: Answer) Under Bonus Method, total capital of the firm post admission of new partner will be equal to...
Q: IZ Corporation purchased land for $500,000. Later in the year, the company sold a different piece of...
A: Cash flow Statement is a aspect of financial statement that represents inflow and outflow of cash in...
Q: The normal production capacity of a company is 10,000 units per month. On this basis, the fixed cost...
A: This question is, basically, asking for a decision whether the company should shut down or continue ...
Q: ig Construction Inc. has been capitalizing its borrowing costs in the construction of its PPE for it...
A: Solution Concept As per the relevant accounting standards borrowing cost , the borrowing cost incurr...
Q: Lang Company completed the following petty cash transactions during April 2022 Date Receipt # For...
A: Journal Entry: Journal entry is the act of keeping records of transactions in an accounting journal....
Q: Compton Information Services, Inc., has two service departments: human resources and billing. Compto...
A:
Step by step
Solved in 2 steps
- Given the mixed cost function y = $6.50x + $3,000. What does the $6.50 represent? a.Total cost per unit of the cost driver b.The fixed cost per unit c.The slope of the cost function d.Total fixed costscator=&inprogress3Dfalse Calculator Calculate the per-unit contribution margin of a product that has a sale price of $420 if the variable costs per unit are $160. Contribution margin $ per unitRefer to the pictur ebelow: Find: 1. Total Cost of Product A under ABC System2. Total Cost of Product B under ABC System3. Selling Price per unit of Product B assuming profit margin of 20% above cost
- Determine the missing amounts. Unit Selling Price Unit Variable Costs Unit Contribution Margin Contribution Margin Ratio 1. $300 $165 A. B. 2. $600 C. $150 D. 3. E. F. $440 40%Determine the missing amounts in the following table: unit sales price unit varible costs unit contribution margin contribution margin ratio (%) $22 10 10 24 50 251. At the break-even point mon a tot misb a. Contribution margin = fixed costs b. Variable costs = fixed costs c. Sales contribution margin d. Contribution margin = 0 when erf 99
- :On the cost-volume-profit graph, the intersection between the total cost line and (Y) axis represents The profit area a O The fixed cost amount b O The loss area .c O The contribution margin per unit .d O The variable cost amount eeV@hdows Go to Settings to activate Wil 081 ENG hp 19 11 inprt sc delete home end & num 6 8 9. backspace = lock V { Y U 7 V 8. home H. K enter pause N 1 shift 上 end alt ctrl Pm 近K In the equation y = $7.20x + $250,250, O A. $250,250 are the total costs. OB. $250,250 are the total fixed costs. OC. $250,250 are the total overhead costs. OD. $250,250 are the total variable costs. 4Determine the missing values: (Show your workings clearly) S.No. Unit Selling Price Unit Variable Cost Contribution Margin Per Unit Contribution Margin Ratio 1. 250 170 (a) (b) 2. 100 (c) 30 (d) 3. (e) (f) 300 15% 4. 2500 (h) (g) 25% 5. 2300 (i) 726 (j)
- 2. Determine the missing amounts. Contribution Margin Contribution Margin per Unit Unit Selling Price Unit Variable Costs Ratio 1. R.O.300 R.O.195 XXX XXX 2. R.O.600 XXX R.O.150 XXX 3. XXX XXX R.O.9605. Determine the missing values: (Show your workings clearly) S.No. Unit Selling Unit Variable Contribution Margin Per Contribution Margin Ratio (b) (d) 15% Price Cost Unit 1. 250 170 (а) 2. 100 (c) (f) (g) (i) 30 3. (e) 2500 300 4. (h) 25% 5. 2300 726If the total fixed costs Omr 75000, variable cost per unit Omr 15 and contribution margin per units Omr 25. The Breakeven point B.E.P (units) is: