Determine the break-even point in terms of number of units produced per month using the following data: (the costs are in pesos per unit) Selling price per unit=P600.00 Total monthly overhead expenses=P428,000.00 Labor cost=P115.00 Cost of ma

Q: Ownership in Brooks Brothers Ltd. is represented by 200 000 shares of outstanding common stock on…

A: In this question, we will calculate Earnings per share for two alternatives and select that…

Q: Assuming that the dealership offers you 5-year loan at 4.7% compounded monthly, what payments would…

A: The question is based on the concept of Annuity in Financial Management. Annuity refers to the…

Q: A company produced 450 units of Product L and 400 units of Product M during the current period and…

A: Cost allocated to product L = Total joint cost x  Sale value of Product L / Total sales value where,…

Q: E9-5 (Algo) Calculating Direct Materials and Direct Labor Variances (LO 9-3, 9-4) Suds & Cuts is a…

A: Direct Material price variance = ( Standard price - Actual price) * Actual Quantity  Direct Material…

Q: Which of the following is false regarding consumption and business tax?

A: Every person making earnings either by the business or by the doing  a job is liable to pay tax. The…

Q: 1. What amount should be reported as income before tax in the financial statements? * 1. The…

A: Adjustment in Reporting period There are number of rules and regulations which are adopted in the…

Q: osition of the assets would be P700,000 and the component’s operating income was P200,000. What…

A: Pretax losses refer to the sum value of money gained or losses made by a company before paying taxes…

Q: In 2021, Donna reported net income of $107,000 and declared dividends of $47,000. Charisa reported…

A: Consolidated net income is the difference between the consolidated revenue amount and the…

Q: ance-Hefner Specialty Shoppes decided to use the dollar-value LIFO retail method to value its…

A: LIFO is the method in which goods received last are issued first and goods received first are issued…

Q: Keith has a 2021 tax liability of $2,250 before taking into account his American Opportunity tax…

A: Given : Tax liability of Keith = $ 2,250 Qualifying Expense, he paid = $ 2600 Calculate : What is…

Q: 4. Orange Enterprises had the following transactions: On December 28, 2021, paid property taxes for…

A: As per accrual basis of accounting,  Income and expenditures are to be recognized as and when they…

Q: Which of the following statements best describes the purpose of Oa. To inform taxpayers of their…

A: A bill which describes the rights of tax payer regarding tax is called bill of rights.

Q: 3. In the company's interim income statement for the six months ended June 30, 2020, what total…

A: The total amount of expense that should be reported in the interim income statement ended on 30…

Q: A VAT-registered business taxpayer had no inventories at the beginning and end of the quarter.…

A: Here discuss about the details of registered VAT and non registered VAT difference in the payment of…

Q: Net cash flow from operating activities for 2021 for Vaughn Manufacturing was $497000. The following…

A: For preparing net income from cash flow from operation reversing adjustments are needed such as…

Q: The cost of producing a certain commodity consists of P45.00 per unit for labor and material cost…

A: Total Variable cost per unit = P45.00 + P15.50 = P60.50

Q: A large company is considering changing all the light bulbs in their office buildings to new, more…

A: Return on Investment means the net income earned by an entity after making an investment in the…

Q: Vaughn Assembly Company purchased a machine on January 1, 2021, by paying cash of $550,000. The…

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

Q: entity owned by the wife of the chief ope tory were transferred to a subsidiary. om the father of…

A: A related party includes 1) An associate of a company 2) A subsidiary company o 3) Key personnel…

Q: The current investment RM1,100,000 and expense increase profits by RM30,0 The current investment in…

A: Calculation of return on Investment  Calculation of residual Income for Evaluating the project

Q: can you answer #4 Return on assets and #5   Shamrock Corporation was formed 5 years ago through a…

A: Since, you have specifically asked for part 4 and 5, so we are solving same for you.   Return on…

Q: In the case of the adoption of a child who is not a US citizen or resident of the United States, the…

A: It is standardized by the Internal Revenue Service, and credit for eligible adoption expenditures is…

Q: Sale of personal clothing for P10,000 by a foreign non-business seller to a resident non-business…

A: Concept of Consumption tax

Q: Rules for Bond Valuation Problem Solving: a. For the "PV FACTOR in computing the PV of the coupon…

A: Current Price of Bond: Because of the fluctuating nature of the bond's price, it is defined in terms…

Q: 214,000     305,000   Inventories   589,000     523,000      Total current assets   927,000…

A: Current Ratio A company's ability to pay short-term or one-year commitments is measured by the…

Q: 197 intangibles: Oa. Include intangible assets created and not purchased by the taxpayer Ob. Are…

A: Intangible assets are those assets which are not physically existed. In simple, these are those…

Q: Maya-Maya Company had the following transactions during 2020: a. On January 1, Vilma company…

A:

Q: Special revenue funds are created by the government for the use of special purposes. Why are those…

A: special revenue fund are used to record an account for and report the specific proceeds of revenue…

Q: Dividends paid to a shareholder by a corporation should be reported on which of the following forms…

A: Dividend is the amount of return which is received by investors for investing in company's shares.…

Q: Exercise 6.21 FIFO Method, Unit Cost, Valuation of Goods Transferred Out, and Ending Work in Process…

A: Disclaimer: “Since you have posted a question with multiple sub-parts, we will solve the first three…

Q: One of the departments at Yolo Industries has entered into a 9 year lease for a piece of equipment.…

A: Given, Annual lease payment = $3,600 Present value of annuity due = 6.335

Q: PhotoGrid Gibson Corporation began fiscal Year 2 with the following balances in its inventory…

A: a) Calculation to compute ending balances: 1) Ending balance of raw material= Beginning balance of…

Q: The following selected transactions relate to investment activities of Ornamental Insulation…

A: 1. Journal Entries:

Q: 4. What total amount of expenses should be reported in the income statement for the 2nd quarter of…

A: The property taxes paid for the next year would be recognized in the next year as expense. The pro…

Q: When a production of 200,000 units of Product A during the month of June, Bucayao Corporation has…

A: Absorption Costing Method:  Under this method of costing the inventory cost, both the variables cost…

Q: uch child tax credit can Bob and Carol claim for their two children in 2021 a. $2,000 b. $5,950 c.…

A: The question is related to taxation.

Q: Question 14: Whích copy of the W-2 Form is submitted by the employer to the Social Security…

A: Q13. Which of the given option is true regarding the W-2 Form Correct answer is D. The W-2 Form…

Q: What amount should be recorded as accrued liability on December 31, 2021 in relation to this event?

A: Accrued liability refers to that expenses have been incurred but not paid during an accounting…

Q: unt to nount

A: The total amount of expense that should be reported in the interim income statement ended on 30…

Q: Determine P/V Ratio %, Fixed Cost and BEP with the help of following information: Description…

A: Calculation of P/V Ratio :   p/v ratio = Changes in profits / Changes in sales p/v ratio = 2,25,000…

Q: Abbott placed into service a flexible manufacturing cell costing $850,000 early this year for…

A: Taxable income is the amount on which the tax is to be paid. It is the amount after considering all…

Q: On February 28, 2021, Dow sold 56,000 common shares. In keeping with its long-term share repurchase…

A: Earning per share is the portion of the total earnings of the company which is to be distributed to…

Q: aE - bE?. st is TC(E) venue is TR

A: Harvest function : H(E) = aE - bE2 TC (E) = cE  Total Revenue : TR (E) = pH(E)

Q: Interest Payments and Interest Expense for Bonds (Straight Line) On January 1, 2020, Harrington…

A: GIVEN   Interest Payments and Interest Expense for Bonds (Straight Line) On January 1, 2020,…

Q: Charlie Corporation is a chemical company. The company issued an outstanding bond with a P100,000…

A: Answer) Calculation of Selling Price of Bonds Face Value of Bonds = P 100,000 Annual rate of…

Q: The fuel and oil as a major line of business of San Miguel Enterprises becomes available for…

A: Note: “Hi There, Thanks for posting the questions. As per our Q&A guidelines, must be answered…

Q: The financial statements for Highland Corporation included the following selected information:…

A: The additional paid in capital is calculated as total money raised from share issuance less value of…

Q: PROBLEM 7-20 Evaluating the Profitability of Services LO7-2, LO7-3, L07-4, L07-5 Gallatin Carpet…

A: Note: Hi! Thank you for the question, As per the honor code, we are allowed to answer three…

Q: Remo Company and Angelo Inc. are separate companies that operate in the same industry. Following are…

A: Contribution Margin Ratio is calculated at 2 decimal places . And final answer of Break Even Sales…

Q: Hal is enrolled for one class at a local community college; tuition cost him $190. Hal's AGI is…

A: Given, Tuition cost = $190 Hal's AGI = $20,000 Calculate :  Lifetime learning credit ?