Microhard produces tablets, laptops and televisions. Microhard typically sells 1,000 tablets a year. The tablet information is as follows: Selling price per unit $70 Direct material cost per unit $30 Direct labor cost per unit $10 Total unavoidable allocated overhead $47,000 How much would Operating Income decrease if Microhard were to eliminate the tablets? DO NOT INCLUDE PARENTHESES OR NEGATIVE SIGNS IN YOUR ANSWER.

Q: 2. Prepare the necessary journal entries for Vidalia's investment in Woodbine common stock. In 2022,…

A: In case of investment in associate, equity method has to be followed to report such investment.…

Q: Jack borrowed $4239 at 7.8% to buy a used car. He paid the maturity value of $5460. Find the time c…

A: Compound Interest: A= P(1+R/100)n Where, A= Amount on maturity P= Principal Amount R= Rate of…

Q: The 2021 income statement of Adrian Express reports sales of $19,710,000, cost of goods sold of…

A: The company is less profitable then industry as its profitability ratios are less than that of…

Q: Refer to the following data: Direct material used…

A: Cost accounting is one of the important branch of accounting. Several type of costs are being…

Q: en of the following year? Select the correct response: Appropriations Vouchers payable. Reserve for…

A: All temporary nature of account are closed at the end of the financial year. say for example Income,…

Q: For money to accrue to a business, it needs to: a.Have been earned by the business b.Have been…

A: As per revenue recognition principles, if a company follows accrual method of accounting then…

Q: A company that is breaking even is making a profit. ( a) True ( b) False

A: Introduction:- Break-even point point means, where no profit or loss At Break-even point point,…

Q: Using the incomplete Flexible Budget Performance Report below, calculate the total fixed costs on…

A: Introduction:- A flexible budget is a dynamic budget. It is a budget which is designed to change in…

Q: Edwards Center for GNP Accounting, a nonprofit organization, receives a letter from a donor that…

A: As per the Rules of Journal entry there are 3 golden rules. Debit what comes in Credit what goes…

Q: “Credit card” (with an outstanding balance) would be which type of account? a.Proprietary…

A: Introduction: Credit card is a source of short term financing which is unsecured in nature. As these…

Q: Why are owners interested in the income statement?

A: Introduction: An income statement is a vital part of financial statements. It displays the net…

Q: What is the goal of a tax audit? A. To make sure you paying your imposed fines  B. To make sure…

A: Tax audit means audit of the information provided in tax returns like income and expenditure are…

Q: Accounting Which 2 features in QuickBooks Online can help a professional services company track…

A: The QuickBook is known as the most popular accounting software. This software helps the company in…

Q: The following condensed balance sheet is for the partnership of Miller, Tyson, and Watson, who share…

A: Introduction:- The following formula used to calculate as follows:- Loss required to eliminate…

Q: Which of the following scenarios illustrates entrepreneurship?

A: Entrepreneurship means starting a new business with a new idea that is not available in the market.…

Q: what is variable cost per unit?

A: Variable Cost = Cost which changes with change in units.   Variable Cost Per unit = It is Variable…

Q: What kind of option can be used to incentive CEOs? Discuss the difference between stock option…

A: CEO play and major role in achieving the goal of company and help the company and achieve its…

Q: Proceeds from the sale of equipment by Perkins Nonprofit were $100. The equipment had a historical…

A: This question requires us to state the section or part of Indirect Method Cash Flow Statement which…

Q: a. Depreciation on the company's wind turbine equipment for the year is $6,600. b. The Prepaid…

A: Date General Journal Debit Credit  A Depreciation expense - Equipment $ 6,600…

Q: Computer equipment was acquired at the beginning of the year at a cost of $61,200 that has an…

A: Depreciation: Depreciation is the method of allocating the cost of an asset to its useful life. The…

Q: In computing book value per share, which of these directly affect the excess over par column?

A: Introduction: Book Value  The net worth of a business's assets as shown on its income statement is…

Q: You plan on starting a lawn mowing business by investing $700 of your own money and purchasing $500…

A: Accounts receivable is the amount pending to be receivable from the customers of the company for the…

Q: While examining the accounts of Grandma Company on December 31, 2015, the following errors were…

A: The question requires us to calculate the net effect of the error in the 2015 Net Income. The…

Q: PROBLEM 5-4. RECONCILIATION OF HO AND BRANCH ACCOUNTS On December 31, 2019, the Home Office Equity…

A:

Q: mona and Katie both wo

A: Cafeteria Plan: It is the system that allows staff to chose from a variety of pretax benefit which…

Q: Exercise 2-7 (Algo) Job-Order Costing; Working Backwards [LO2-1, LO2-2, LO2-3] Hahn Company uses a…

A: A job post is a method of ascertaining the total cost of a specific job. It can be calculated on the…

Q: How could technology impact the audit space?

A: Auditing is not solely based on collection of data. It also include      analysis and…

Q: Pharoah Company is considering an investment that will return a lump sum of $931,000 4 years from…

A: ·       Time value of money states that the value of money decreases over time. ·       The…

Q: 1 Financial Aggregated Data 2 3 4 Average Revenue 5 Largest Expenses 6 Lowest Revenues 7 Smallest…

A: Largest expenses is the expense among the expenses is the amount among all the expenses which has…

Q: Cafeteria-style benefit programs are an approach to employee benefits that give each employee a set…

A: A cafeteria plan is an employee benefits that allows staff to choose from a variety of pre-tax…

Q: How can an organisation use their information system to prevent employees from making inappropriate…

A: Here discuss about the details about find out of the fraudulent purchases which are related with the…

Q: The journal entry to record this production activity includes a:

A: Journal entry: the Journal entry is the first step in bookkeeping here each transaction has 2…

Q: During the current year X Ltd has acquired the following investments in the shares issued by Y Ltd…

A: Introduction: IFRS (International Financial Reporting Standards) A group of accounting rules called…

Q: BAK Corp. is considering purchasing one of two new diagnostic machines. Either machine would make it…

A: Net Present Value is the between the present value of net cash inflow and initial investment.…

Q: On January 1, 2020, EF company purchased P1,000,000, 12% bonds for P1,065,000, a price that yields…

A: If face value of the bonds is less than the purchase price then such debt investments are purchased…

Q: An aging of a company's accounts receivable indicates the estimate of uncollectible receivables…

A: d. debit to Bad Debt Expense for $5,249

Q: #26 The adjusted net income of ABC Company for the years 2021 and 2020 amounted to P 2,796,354.00…

A: Earning per share is a measure of a company profitable ,calculated by dividing  quarterly and annual…

Q: An accounting statement that presents predicted amounts of the company's assets, liabilities, and…

A: Budgeted income statement - Budgeted income statement refers to the projection of income statement…

Q: One drawback of ETFs is that investors: a) are forced to pay higher cost and fee as compared to…

A: ETF(Exchange Traded Funds) is an investment fund which includes stocks, bonds etc. They are traded…

Q: Based on the above information what is the budgeted

A: Fixed cost is the cost that remains the same at every level of activity. The company can produce any…

Q: Stokely Center for Human Trafficking Rights has total net assets at June 30, 2021 of $475,000 and of…

A: Any contribution in a business by its owner is always considered under the financing section of cash…

Q: 1. A company is evaluating two projects, A and B. The company's cost of capital has been determined…

A:

Q: Chain Reaction, Inc. allocates overhead using machine hours as the allocation activity. The…

A: Predetermined overhead rates can be calculated by dividing the total overhead by total machine…

Q: Cash float” would be which type of account? a.Expense b.Current asset c.Proprietary d.Fixed…

A: Cash float means the difference between the amount of cash shown in the books of the entity and the…

Q: The carry forward periods for losses varies with the type of loss . Briefly describe the carry…

A:

Q: QUESTION 1 If the actual fixed costs total $166500 with the actual number of units produced equal to…

A:

Q: The following selected transactions relate to cash collections for a firm that maintains a $100…

A: Journal entry is a primary entry that records the financial transactions initially.. Cash is debited…

Q: Desmond Co. is considering the following alternative financing plans:   Plan 1 Plan 2 Issue 10%…

A: Earning per share on common stock is Earning available for equity share holder/ number of equity…

Q: assumed conversion of debentures outstanding The amount of cash dividends declared on ordinary…

A: 1)Basic earnings per share for the period   = Earnings available for Common shareholders ÷ Weighted…

Q: In preparing GAAP-based financial reports, nonprofit organizations must present their expenses by…

A: All the Non profit organizations in the USA are required to express their expenses based on  their…