Oslo Company prepared the following contribution format income statement based on a sales volume of 1,000 units (the relevant range of production is 500 units to 1,500 units):   Sales $ 30,000 Variable expenses 16,500 Contribution margin 13,500 Fixed expenses 7,830 Net operating income $ 5,670   Required: 1. What is the contribution margin per unit? (Round your answer to 2 decimal places.)

Q: Increasing debt can be used as part of the financial strategy of the firm to increase ROE decrease c...

A: ROE is the return on equity that measures the financial performance which can be calculated by divid...

Q: Remodeling and rehabilitation: O Can usually be undertaken by the property manager without consultin...

A: Rehabilitants and remodeling both are a different thing. Rehabilitations consists of renovating with...

Q: Alpha Beta Inc. was organized on Jan. 1, 2021. It is authorized to issue 20,000 preference shares wi...

A: Balance Sheet Shareholders' Equity   Common Stock (21,500 shares X P 10 per share)              ...

Q: # 3 The DPWH is considering the construction of a new highway through a scenic rural area. The road ...

A: Net Present Value = Present Value of Future Cash Flows - Initial Investment   Present Value of Futur...

Q: ckie derives its sole income from Zhakie. Said income is normally subject to withholding taxes. Jack...

A: There certain exemption to the tax expenses but they may be allowed for deduction to taxes but some ...

Q: Condtruct the Journal Entry of the accounting equation: Ruiz established R Barbers on February 1 of...

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

Q: 1,80,00,000. Building Fund 24,00,000, Prize Fund 12,00,000, Reserve Fund (b) Balances as at 1.4.2020...

A: Capital Fund : It is also called accumulated Fund or General fund. It is actually the capital of a n...

Q: You are the floor manager of Channel and have read the following learning outcomes: “Purchase Return...

A: Purchase Returns  When a buyer of commodities, inventories, fixed assets, or other objects returns ...

Q: At the beginning of October, Nelson Inc. detemined the following for a particular product: Standard ...

A: Solution Working note Calculation of the actual quantity of material purchased  Favorable Material p...

Q: The December 31, 2019 statement of financial position of Help Company included the following informa...

A: Notes Receivable is a form of current asset in which customers to whom goods and services are provid...

Q: Comparison between ABC and Traditional costing

A: Traditional costing is also written as volume based costing. Under this method, overheads are alloca...

Q: Anderson Enterprises uses a job costing system. Record the following transactions in Anderson Enterp...

A: Financial transactions are recorded via journal entries. You insert transaction details into your co...

Q: Tyler Corp has the following budgeted sales for the first 4 months of next year: January $80,000 $35...

A: Amount collected from December sales in the month of January = $132,000 × 30%40% = $99,000  

Q: Prepare a cash budget for the XYZ Manufacturing Company, indicating receipts and disbursements for M...

A: Budgeting - Budgeting is the process of estimating future operations based on past performance. % ar...

Q: Give its worksheet from the given trial balance ACCOUNTS TITLE   DEBIT CREDIT Cash in Bank   76,200...

A: Worksheet is a 10 column sheet under which first all unadjusted general ledger balances are shown, t...

Q: ories: of AB s of AB 15,000 kg 2,000 units 60,000 units

A: To calculate the number of kilograms of raw materials that should be purchased, the budgeted product...

Q: November 5 Purchased 1,200 units of product at a cost of $10 per unit. Terms of the sale are 4/10, n...

A: Solution: Under perpetual inventory method, record of each purchase and sale is maintained. Gross me...

Q: Which financial statement shows the financial performance of the company on a cash basis?A. balance ...

A: Financial statements are those reports and statements that are prepared at the end of accounting per...

Q: Which one of the following combinations relating to the above statements is correct?

A:   (1) Businesses should deny credit to customer to eliminate the costs of collecting trade receivabl...

Q: El1.1 (LO 1), AP C.S. Lewis Company had these transactions involving notes payable. Borrows $50,000 ...

A: journal entry for above transaction are as follows

Q: Suppose the first installment is to be made on December 31, 2021 instead, can Jackie declare his inc...

A: Installment sales is the sales which the company has made and as per terms of the sale that the paym...

Q: On March 12, Medical Waste Services provides services on account to Grace Hospital for $9,500, terms...

A: Introduction: Journals: Recording of a business transactions in a chronological order. First step in...

Q: Homestead Crafts, a distributor of handmade gifts, operates out of owner Emma Finn's house. At the e...

A: Ending inventory includes inventory in hand, inventory in transit, and inventory sent on a consignme...

Q: Plant Design is a major requirement for you to be able to graduate BS ChE in Batangas State Universi...

A:

Q: 6 Budgeted October ending Accounts Receivable (Net) would be: A. 2$ В. 97,500 113,500 298,500 311,50...

A: Disbursements are also written as payment. It is calculated by adding all the payments made during t...

Q: 4. What is the adjusted cash balance as of January 31, 2022? A. 2,000 B. 3,000 C. 13,500 D. None...

A: Ideally cash balance as per cashbook and bank balance as per bank statement must reconcile with each...

Q: In order to draw a basic break-even chart, which of the following information would you not require?...

A: The break even sales are the sales where business earns no profit no loss during the period.  The ma...

Q: Accounting Equation Determine the missing amount for each of the following: Assets Liabilities %3D +...

A: As per accounting equation of the business, total assets of the business should be equal to total li...

Q: What procedures must the auditor perform when gathering evidence related to contingencies? (Several ...

A: the liability that possibility arises because of happening of the future event such a liability is t...

Q: ems 21 to 27 are based on the following information: The balance sheet for the Litex Corporation on ...

A:

Q: Question: 7. Quick assets ratio or Quick ratio or Acid test ratio (need interpretation) Current as...

A: According to this question , we find out the Acid test ratio of the firm and also write interpretati...

Q: Jackie sold to Zhakie a parcel of land classified as a capital asset located in the province of Tarl...

A: Here, Selling Price: P6,000,000 Semi-Annual Installments: P1,000,000 Number of Installments: Every 6...

Q: Rosario Company, which is located in Buenos Aires, Argentina, manufactures a component used in farm ...

A: Formula: Break even point in units = fixed cost / Unit contribution margin

Q: December 31, 2014 and 2013 Dec. 31, 2014 Dec. 31, 2013 Assets Current assets: $ 500,000 1,010,000 74...

A: Working capital : Working capital, also known as net working capital (NWC), is the difference betwee...

Q: P4.3 (LO 2, 3, 4) (Various Income-Related Items) Maher Inc. reported income from continuing operatio...

A: An income statement helps to understand the financial condition of any business.

Q: 1. Wrenn acquired 35% of Loy's voting stock on January 1, 2020, for $2,000,000. During 2020, Loy ear...

A: 1. Dividend distributed by Loy in 2020 = $500000 Wrenn receive dividend = 35% x $500000 = $175000, w...

Q: Direct materials are added at the beginning of the process and conversions costs are uniformly appli...

A: Solution: Under FIFO method of process costing, it is assumed that unit from beginning WIP will be c...

Q: Breakeven Point for Multiple Products E9A. Hamburgers and More, Inc., sells hamburgers, drinks, and ...

A: Contribution per unit = Selling price per unit - Variable cost per unit                        Hamb...

Q: On March 12, Medical Waste Services provides services on account to Grace Hospital for $10,700, term...

A: Introduction: Journals: Recording of a business transactions in a chronological order. First step in...

Q: Which of the following is not a category of financial assets under GAM? Group of answer choices A.H...

A: Financial Assets are to be classified in the following four categories: 1. Financial Assets at fair ...

Q: ABC Corp. is identifying the value of its equity using the enterprise value approach as they have ne...

A: Calculation of  Nominal risk free rate :- Nominal risk free rate is 5.05%  

Q: ne capital balances of partners Lim and Jan before the admission of Wan were P 200,000 and 300,000, ...

A: The partnership comes into existence when two or more persons agree to do the business and further s...

Q: There many modern management patterns that organizations use. In this case, discuss the merits and ...

A: Today's era is dynamic, the firm use various cost effective techniques, aims at consumers satisfacti...

Q: Helsinki Inc. produces premium bottled water. Helsinki purchases artesian water, stores the water in...

A: Hi! Thank you for the question, As per the honor code, we are allowed to answer three sub-parts at a...

Q: Total Contribution Margin Break-Even Sales Revenue Sales Revenue Variable Expenses Fixed Expenses Ne...

A: Formula: Total contribution margin = Sales revenue - variable expenses

Q: Your company is evaluating a switch from a cash policy to a net 30 policy. The price per unit is $49...

A: Effective interest rate is interest rate considering the effect of compounding and this annual rate ...

Q: Perpetual Inventory Using FIFO Beginning inventory, purchases, and sales data for DVD players are as...

A: FIFO is first in first out inventory valuation method in which inventories which are purchased first...

Q: Prepare journal entries to record each of the following transactions. The company records purchases ...

A: Payment made = Purchases - discount amount Where,  Discount amount (if payment made witin discount p...

Q: What procedures must the auditor perform when gathering evidence related to contingencies? (Several ...

A: Audit evidence: Audit evidence refers to the information and explanations used by the auditor in arr...

Q: What is the role of accountant in setting the price of the goods or services?

A: Price of product shows the amount of product that the seller is willing to offer to the buyer.