Alex Miller, Inc., sells car batteries to service stations for an average of $30 each. The variable cost of each battery is $20 and monthly fixed manufacturing costs total $10,000. Other monthly fixed costs of the company total $8,000. d. What is the breakeven level in batteries, assuming the selling price goes up by 10%, fixed manufacturing costs decline by 10%, and other fixed costs decline by $100?

Q: On May 1, 2021, Company A shipped merchandise costing $16,000 to Company B on consignment. Company A...

A:   Solution Goods sold on consignment Under goods sold on consignment the consignor sends the goods t...

Q: ABC Manufacturing produces metal lampposts. The company's income statements for the last two years a...

A: >Mixed Cost is a cost that has the features of BOTH - Variable cost as well as Fixed Cost. &g...

Q: Under the FIFO method, Jerome's Fashion Dezigns journal entry (entries) on October 30 is (are): IPur...

A: Given that: Opening inventory = 25 pairs = $152500 Purchase 10th October = 65 x ( 5945 + 405 ) = $41...

Q: Beginning inventory, purchases, and sales for Item Doodad are as follows: July 1   Inventory 90 uni...

A: Inventory is a stock that the company has held for the resale purpose or the goods that are not sold...

Q: Chapman Manufacturing Company uses the weighted average method for process costing. Chapman produces...

A: The product cost report covers manufacturing and cost activities for an accounting period within a d...

Q: Required Information Use the following information for the Exercises below. [The following informati...

A: Lets understand the basics. Depreciation is reduction in value of asset due to wear and tear, techno...

Q: Boyce Company purchased office supplies costing $7,000 and debited Supplies for the ful amount. At t...

A: The adjusting journal entry for correct option are as follows.

Q: Beginning inventory, 100 units @P1.50; purchases: Jan 24 – 300 units @P1.56                   Jun 11...

A: There are various method for valuing closing stock :  (a) FIFo method : In this method the goods whi...

Q: ABC Corporation purchases 3,000 units of inventory. Payment to its supplier is $30.00 per unit. In a...

A: Given: Number of unit purchase = 3000 units Payment to Supplier = $30.00 So, the total amount paid t...

Q: Discuss the relevant accounting treatments.  At the date of acquisition, assets of Sahara Berhad in...

A: In accounting, intangible assets means non monetary assets that can not be seen ,touched and physica...

Q: Partners Valerie, Vanessa, Vera and Veronica share profits 50%, 30%, 10% and10% Partners' accounts p...

A: Distribution of Cash to Partners: Assuming that all assets are realized immediately upon the firm's ...

Q: Absorption costing and marginal costing are product costing methods used in organizations. Briefly o...

A: Introduction:- Absorption costing, often known as "full costing," is a managerial accounting approac...

Q: How is this ratio calculated? What does the ratio show? Using the data below (Sunn Corporation) , ...

A: The inventory turnover ratio expresses the relationship between the average cost of goods sold durin...

Q: Preparing the Statement of Cash Flows Balance sheet information for Beckwith Products Company is pr...

A: The cash flow statement is one of the financial statements of the business, which records the cash f...

Q: At the beginning of the year, Anna began a calendar-year business and placed in service the followin...

A: Cost recovery is the process of subtracting a portion of the cost of an item used in a business or t...

Q: QUESTION 9 On July 1, 2015, ABC Corporation purchased a patent asset for $21,600 and a trademark ass...

A: Amortization expense is the write-off of an intangible asset over its anticipated useful life, indic...

Q: Ramirez Company installs a computerized manufacturing machine in its factory at the beginning of the...

A: Formulas: Double declining depreciation rate = (100 / Expected Life of the assets) x 2 Depreciation ...

Q: Uf changes in equity for the year ended 3 Question: För the December 2017, Daffodil Limited (DL) has...

A: Workings: 1) Right shares issued on May 1, 2016;  No. of right shares = (160 shares in millions * 25...

Q: Consider a 5 year to maturity Coupon bond with Face Value = $1000 and a 4% coupon rate; the bond was...

A: Value of a bond is the sum of present value of all the payments which are to be received as interest...

Q: A tractor for over-the-road hauling is purchased for $105,000.00. It is expected to be of use to the...

A: Depreciation Expense - Assets is depreciated due to usage, wear and tear and effluxion of time or ob...

Q: - pays 2.5 at the e annual interest rat

A: Rate of Interest 14% 17% 20% PV of annuity of 2.5 12.366 11.1265 10.0775 PV of annuity of 2 12.9...

Q: Jo, Pat and Espie are partners in a marketing consultancy firm and share profits and losses in the r...

A: Liquidation of partnership is done through the Realization account. All the assets and liabilities o...

Q: Muller Computers stores its inventory in a warehouse that burned to the ground in late November, 201...

A: Cost of goods sold = Sales - Gross profit where, Gross profit = Sales x Gross profit rate

Q: q4

A: In this question, we have to find out the most profitable and least profitable direct material. Dir...

Q: On February 1, 20x1, Paco Corp. acquired outstanding ordinary shares of School Inc. for cash. The in...

A: GIVEN   On February 1, 20x1, Paco Corp. acquired outstanding ordinary shares of School Inc. for cash...

Q: 20.) A fundamental difference between U.S. GAAP and IFRS is that A. Reversal of inventory write-down...

A: The main difference between both is that GAP is rule based and IFRS are principal based.   Rule base...

Q: Match the term on the left to the appropriate description on the right. v Historical cost A. The amo...

A: 1. In this question we match the write explanation with proper headings.This is match the columns.  ...

Q: Since 2005, Modco has a full range of groceries and general merchandise sold through 8,000 retail un...

A: Sustainability reporting is that the disclosure and communication of environmental, social, and gove...

Q: Based on the above statement, discuss: a) The advantages of auditing done by an independent expert. ...

A: a) The advantages of auditing done by an independent expert. Answer : the main advantages are: 1. Au...

Q: BE14-2 The Colson Company issued €300,000 of 10% bonds on January 1, 2015. The bonds are due January...

A: Bonds are financial instruments in which an investor lends money to a company or government for a ce...

Q: Last Chance Mine (LCM) purchased a coal deposit for $750,000. It estimated it would extract 12,000 t...

A: Percentage depletion refers to the method of computation of depletion which is based on percentage d...

Q: Kyle Struck's filing status is single, and he has earned gross pay of $2,340. Each period he makes a...

A: Medicare tax refers to the tax levied by the government that helps in funding the Hospital Insurance...

Q: assuming the beginning of the year (20X3) balance |in the Investment in A account is $716,000 comple...

A: Consolidated worksheet is a statement which is prepared as a financial help for creating other finan...

Q: Nicole organized a new corporation. The corporation began business on April 1 of year 1. She made th...

A: Allowable deduction under IRS is $5,000 each for organizational expenditures and for the start-up co...

Q: find out value of account receivable from following Cash $ 48,000 account payable $ 33,000 office eq...

A: Introduction:- The following basic fundamental equation is used for preparation of balance sheet as ...

Q: Sunland Company owns equipment that cost $81,000 when purchased on January 2, 2021. It has been depr...

A: No. Account Title and Explanation Debit Credit   a. Cash  38,000        Accumulated depreciation...

Q: CHINA Corporation, on January 1, 2021, issued 30,000, 10%, P100 bonds for P2,900,305. Principal paym...

A: As per effective interest method, the amount of interest expense correlates with the carrying value ...

Q: :Company provided the following information related to its accounts receivable. Last year 12/31 Esti...

A: The journal entries are prepared to keep the record of day to day transactions of the business. 

Q: 1. A business is generating $100,000 per year for the next ten years except year 5 (used for overhau...

A: Solution Formula used Equal annual revenue    =present value of revenue / present value of annuity f...

Q: Proportional method Eamination method Appreciation (RC-Cost) Cost Replacement Cost Equipment Accumul...

A: The question pertains to revaluation of the asset. IAS 16 pertains to revaluation of asset. The IAS ...

Q: The “fixed cost per unit function” may also be described as: a.an asymptote b.the total cost line c....

A: Introduction:- Fixed costs, also known as indirect costs or overhead costs, are corporate expenses t...

Q: In the month of June, Jose Hebert's Beauty Salon gave 4,200 haircuts, shampoos, and permanents at an...

A: The questions says : Number of Haircuts , shampoos and permanents = 4200 Average price = $ 40 Fixed ...

Q: On January 1, 2020, Baal Co. (lessee) entered into a contract of lease with Raiden Shogun Co. (lesso...

A: Since you have posted a question with multiple sub-parts, we will solve first three sub-parts for yo...

Q: Which of the following correctly describes the term cost driver? a.The primary factor which is corr...

A: Cost driver is the driver cause of which the cost is incurred. On the basis of this we find the tota...

Q: Following data were taken from the books of Cyclops Corporation from 2021: 2020 2021 Installment sal...

A: Introduction: An income statement or profit and loss account (also known as a profit and loss statem...

Q: The balance in the supplies account on June 1 was $5230, supplies purchased during June were $3480, ...

A: In general, supplies are considered a current asset until they are used. When resources are exhauste...

Q: KCC Corporation has the following transactions for the year. Prepare all the necessary entries for e...

A: Bond Valuation The valuation of bond can be either par value or discount or premium as well.  There ...

Q: e interoffice account between the home office of Ayala and cember 31 of last year. The transactions ...

A: In this question, we have to solve the unadjusted  balances of home office and investment in branch.

Q: 5. What are vulnerabilities? Give some examples.

A: Vulnerabilities refers to the possibility of being exposed, harmed and attacked of an application so...

Q: 1. an industrial equipment company assumes that their crane model adds $10,000 in lifetime reliabi...

A: Let us assume that company  crane model price is  $82,000.(we take price of equivalent competitor mo...