r high electromagnetic radiation environments. weiter Company manufactures and sells a specialized cordless telephone ntribution format income statement for the most recent year is given The company's low Total Per Unit % of Sales Sales (20,000 units) Less: Variable Contribution margin Less Fixed expenses P1,200,000 P60 100% expenses 900,000 45 P 300,000 15 240,000 P 60,000 Net operating income 22
Q: ONE key financial risk
A: Brief Basic Concept of Insurance Financial risk in insurance and Mitigation
Q: During an audit of Madison Company’s December 31, 2020 records it was discovered that the company…
A: Introduction:- A journal entry is used in a company ’s financial statements to record a business…
Q: The following information were taken from the statement of realization and liquidation of ABC…
A: Net income: 66,000
Q: 3. Al Anwar ceramics, Oman estimated the sales as follows June – 2,000 units July - 3,000 units…
A: The budget is prepared on the basis of estimated data for the period. The sales budget is prepared…
Q: What creates the demand for financial statement audit?
A: The primary and utmost objective of audit is to certify and provide reasonable assurance that…
Q: Helen started a computer programming business (12/2016), Helen’s Programming Service. The following…
A: The financial statements of the business including income statement, balance sheet are prepared from…
Q: Which of the following best describes the reason that the auditors record their inventory test…
A: Working paper is the document prepared in the process of Audit. Working paper are prepared by…
Q: You plan to invest in one of two home delivery pizza companies, High and Low, that were recently…
A: ANSWER: Company's High: Debt = 3,000,000 x 70 / 100 = 210,000,000 / 100 = $…
Q: On October 01, 2000, Mr Alberto opened a computer rental shop. The following transactions occurred…
A: The journal entries are prepared to keep the record of day to day transactions of the business on…
Q: Germany can produce either 40 units of pretzels or 20 units of cars per labour hour. Canada can…
A: The table below summarises the information provided: Pretzels Car Germany 40 20 Canada 76…
Q: 6. Procter & Gamble has two manufacturing departments--Forming and Packaging. The company used the…
A: Lets understand the basics. Activity rate is required to calculate to allocate overhead cost to…
Q: Consider the following information pertaining to OldWest's inventory: Net Realizable Value Quantity…
A: Lets understand the basics. As per IAS 2 "Inventory", inventory should be valued at lower of cost or…
Q: ABM Co. is a merchandising business, registered as a sole proprietorship. The account balances of…
A: A. Journal Entries
Q: Suppose Jenny has 16 hours per day to allocate between work and leisure and she earns a wage rate of…
A: The correct answer for the above mentioned question is given in the following step for your…
Q: Star City is considering an investment in the community center that is expected to return the…
A: Solution:- a)Calculation of Net present value If appropriate discount rate 25% as follows under:-
Q: Cash flows relating to asset held for rental to others are classified as A. Operating B. Financing…
A: The cash flow statement records the cash transactions such as operating activities, investing…
Q: Flapjack Corporation had 7,744 actual direct labor hours at an actual rate of $12.00 per hour.…
A: Direct labor is labor assigned to a single product, cost center, or production orders in the…
Q: A factory has decided to purchase some new equipment for P650, 000. The equipment will be kept for…
A: Introduction: Depreciation: Depreciation is an expense to be shown in income statement. Decreasing…
Q: Closing Entries (Net Income) Use the following partial listing of T accounts to complete this…
A: The closing entries are prepared at year end to close the temporary accounts of the business at year…
Q: Executive Solutions is a strategy consulting firm. Other than the senior leadership (who manage the…
A: The budget income statement is prepared on the basis of estimated data. The income is calculated as…
Q: Current assets $22400 Net income $44500 Stockholders' Current liabilities 13400 66400 equity Average…
A: Formula used: Debt to Assets ratio = Total Liabilities / Total Assets
Q: 3P; + 300 lectricity market so that there are a number of power plant he electricity market will now…
A: 1. When a market is in equilibrium, this means that quantity demanded of goods and services is equal…
Q: st 8 months of 2020. Prepare Carly Fashions’s monthly journal entry to record revenue. For grading…
A: A journal entry is used to record a commercial transaction in the accounting records of a…
Q: Appraised Value Percentage of Percentage Appraised Value (in $) First Mortgage Lender's Balance of…
A: Formula used: Potential credit = Percentage of Appraised value - Balance of first mortgage
Q: A company reports the following: Net income $738,000 Preferred dividends $42,000 Shares of…
A: EPS on common stock is calculated as net income available to common shareholders divided by average…
Q: garette manufacturer estimated its marginal cost at $1.00 per pack and its elasticity of demand at…
A: Given, Firms in the U.S Cigarette Industry joined with the government in the settlement of…
Q: Sandhill has unused productive capacity that is expected to continue indefinitely: management has…
A:
Q: Current assets $22400 Net income $4450 Stockholders' Current liabilities 13400 6640 equity Average…
A: The ratio analysis helps to analyse the financial statements of the business.
Q: Which of the following is an effective internal control for cash payments? A.Payments should be…
A: Cash is one of the important current asset of the business. It's valuation and management is very…
Q: You are a mortgage broker at Interamerican Bank. One of your clients, Bill Cramer, has submitted an…
A: Comment- Since we only answer up to 3 sub-parts, we’ll answer the first 3. Please resubmit the…
Q: Percentage of Percentage Appraised Value (in $) First Mortgage Balance of Appraised Value Potential…
A: Percentage of appraised value in $ = Appraised value × Lenders Percentage
Q: niums and discounts on a straight line basis. Sneezy Ltd. has a January 31 year end. uired: 1.…
A: Accounting for Bond
Q: ABC Corporation is a financially distressed corporation with the following financial information on…
A: Estimated Recovery Percentage For calculating the estimated recovery percentage to taken up the…
Q: Gelbart Company manufactures gas grills. Fixed costs amount to $16,335,000 per year. Variablecosts…
A: The break-even point seems to be the output level where the total revenues equals total costs. In…
Q: only interested in measuring cash flows when they actually occur, not when they accrue as an…
A: the company makes an investment in the project an individual make investment in various types of…
Q: A company manufactures three related, but different, products. These are dishwashers, washing…
A: Direct labor variance reflects the difference between the actual cost incurred by the company on…
Q: Common Stockholders' Profitability Analysis A company reports the following: Net income $320,000…
A: The balance sheet shows the financial position of the company that involves the assets, liabilities,…
Q: Note: To complete the assignment, go to the worksheet tab labeled Cash Flow ind complete the…
A: Cash flow statement is a statement which is prepared to find out the cash comes in and goes out , by…
Q: Prepare Trial Balance Account Insurance Expense Cash at Bank Supplies Accounts Payable Sales Revenue…
A: Introduction: Trial Balance: All the final ledger accounts balances are posted in Trial balance to…
Q: At the end of the prior year ending on December 31, Year 1, O'Connor Company's records reflected the…
A: A journal entry is often recorded in the main ledger; however, it may also be entered in a…
Q: In rendering cash count the auditor observed that one of the items being presented by the custodian…
A: Audit refers to the examination as well as investigation of the accounting records and the financial…
Q: n October 01, 2000, Mr Alberto opened a computer rental shop. The following transactions occurred…
A: The journal book is the first step to record the transactions of the business. Further T-accounts…
Q: Division Z of a company produces a component that it currently sells to outside customers for P20…
A: Facts of the case Division Z is operating at 60%…
Q: Health-Temp Company is a placement agency for temporary nurses. It serves hospitals and clin-ics…
A: I am answering the first three sub-parts of the question as per bartleby guidelines. Please submit…
Q: Tom Yuppy, a wealthy investor, paid $43,920 for 1,220 shares of $10 par common stock issued to him…
A: Common stock:- It is such type of stock or share which represents ownership in the company. The…
Q: Identify some of the reasons why accounting for income taxes is complex?
A: ANSWER : U.S. tax laws are complex and ambiguous.A company frequently prepares its financial…
Q: Average total assets (excluding long-term inve
A: The Asset turnover ratio compares the worth of a company's sales or revenues to the value of its…
Q: Question 18) January 01 supplies was $ 50000 supplies balance on December 31 is $ 25000 Purchases…
A: Lets understand the basics. When supply is purchased at the start then it is recorded as an asset…
Q: The following information were taken from the statement of realization and liquidation of ABC…
A: Introduction: The balance sheet serves as the foundation for determining investor rates of return…
Q: Activities and Activity Measures Estimated Overhead Cost Supporting direct labour (DLHs) $552,000…
A: Traditional costing system is the system which is used to allocate the overhead on the basis of…
Step by step
Solved in 2 steps
- (e) Product Blue Product Red £ £Selling £12.00 £24.00Variable cost £ 4.00 £ 8.00Contribution margin £ 8.00 £16.00Fixed costs apportioned £200,000 £400,000Budgeted Sales Units 140,000 60,000Required:Calculate the breakeven points, for each product and the company as a wholeand comment on your findingsQ1) The required engine to be product with high qulaity to be part of oilfied balatform. The production of (x engines) within the following costs details: |ExedCosts | | Variable Costs | Rents 105,000.0 Direct Insurance 9,600.0 materials 28 General Salaries 64,400.0 Labors 11 Maintenance 21,0000 Overtimes 9.9 Food costs 0.1 Revenue from selling prices per unit (59). product of (X Engine) 52 | 118 138 144 190 193 200 207 290 327 347 Required: A) Find all lines of Break Even . how the produaction reach to B.E.P. B) Plotting all details. C) If you suppose to use F.C to be 150,000 inseatd of the previous total fixed cost. Make the comparison between two obatining results (only ) on Break.Even.Points. Give your opinon on both figuers. Q2) The two projects as part of oil industrial their cash flows in tables belwo: project A:r=8% project B: r=8% year cash flow (CF) cash flow (CF) 0 -398 -242 1 120 105 2 175 105 3 280 115 Required: a) Find NPV for both project on base of r = 8%? b) Find the…An engineer collected average cost and revenue data for Arenson’s FC1 handheld financial calculator.Fixed cost = $ 300,000 per yearCost per unit = $40Revenue per unit = $70 Show the sensitivity of profit to variation in revenue from $55 to $75 per unit using a $5 increment. Perform this analysis at two sales quantities: (1) the breakeven quantity for the collected data, and (2) 20% greater than this breakeven quantity. (Note: Be sure to use the original estimates for FC and cost per unit.)
- Q5b) Contribution statement for Chiyeyeye furniture manufacturing LtdProduct A(ZMW) Product B(ZMW)Sales 1000 500Variable costs 600 300Contribution 400 200Fixed costs 200 200Profit 100 -Calculatei) Break-even point for each productii) Contribution ratio for each productiii) Can you close product B and why? ExplainQuestion Q1Moona Inc. produces Mobile phones. Information of the company's operations last year appear below: Fixed cost:Fixed Manufacturing overhead Rs 40,000Fixed Selling & Administrative Rs 60,000Selling Price per unit Rs 100Variable cost per unit:Direct Materials Rs 30Direct labor Rs 10Variable Manufacturing overhead Rs 5Variable Selling & Administrative Rs 2Units In beginning Inventory 0Units Produced 2000Units Sold 1900 Required: a. Compute the unit product cost under both absorption and variable costing.b. Prepare an income statement for the year using absorption costing.c. Prepare a contribution format income statement for the year using variable costing. d. Prepare a report reconciling the difference in net operating income between absorption and variable costing for the year.SOLVE THE GIVEN MCQS: 1) Pungent Corporation manufactures and sells a spice rack. Shown below are the actual operating results for the first two years of operations: Year 1 Year 2 Units (spice racks) produced 40,000 40,000 Units (spice racks) sold 37,000 41,000 Absorption costing net operating income $ 44,000 $ 52,000 Variable costing net operating income $ 38,000 ??? Pungent's selling price and unit variable cost and total fixed cost were the same for both years. What is Pungent's variable costing net operating income for Year 2? A $50,000 B $48,000 C $56,000 D $54,000 2) A company produces a single product. Variable production costs are $21 per unit and variable selling and administrative expenses are $4 per unit. Fixed manufacturing overhead totals $30,000 and fixed selling and administration expenses total $36,000. Assuming a beginning inventory of zero, production of 6,000 units and sales of 5,600 units, the dollar value of…
- Choose the correct letter of answer Bautista Company produces and sells a particular home appliance. The variable cost (VC) per unit is P50. The unit selling price (SP) is P120 while fixed cost (FC) is P70,000. What is the revenue function in this case? a. C = 50x + 70,000b. P = 120x – 50x – 70,000c. R = 120x d. none of the aboveConsider the following cost and pricing data of ABC Corp. on its Product X:Price: P120.00.per unitProfit Contribution: P90.00Proposed additional Cost: P3 per unit (for quality improvement)Current Profits: P2.4 millionSales: 100,000 units. A. Assuming that average variable costs are constant at all output levels, findABC Corp.’s total cost function before the proposed change.B. Calculate the total cost function if the quality improvement is implemented. UNANSWERED SUB-PARTSC. Calculate ABC Corp.’s break-even output before and after the change, assuming it cannot increase its price.D. Calculate the increase in sales that would be necessary with the quality improvement to increase profits to P2.7 millionCompany XYZ produces and sells headphones. The company has total fired costs of $112,000. Each headphone sells for $70 per unit and has variable costs of $50 per unit. Next year XY7 Company wishes to eam an operating income that equals 20% of fixed costs. How many units must be sold to achieve this target income level? (rounded to the nearest numben) Select one: O a 1,120 O b. 5,600 Oc 933 O d. 6,720 O e 4480
- Q1Moona Inc. produces Mobile phones. Information of the company's operations last year appear below: Fixed cost: Fixed Manufacturing overhead Rs 40,000Fixed Selling & Administrative Rs 60,000Selling Price per unit Rs 100Variable cost per unit: Direct Materials Rs 30 Direct labor Rs 10Variable Manufacturing overhead Rs 5Variable Selling & Administrative Rs 2Units In beginning Inventory 0 Units Produced 2000Units Sold 1900 Required: a. Compute the unit product cost under both absorption and variable costing.b. Prepare an income statement for the year using absorption costing.c. Prepare a contribution format income statement for the year using variable costing. d. Prepare a report reconciling the difference in net operating income between absorption and variable costing for the year.Staley Co. manufactures electronic equipment. The following is a summary of its basic cost and revenue data: Per Unit Percent Sales price $ 520 100.00 Variable costs 332 63.85 Unit contribution margin $ 187 35.96 Assume that Staley Co. is currently selling 640 products per month and monthly fixed costs are $80,400.Staley Co.'s operating income (πB) is calculated to be: Multiple Choice $38,280. $40,280. $43,280. $42,280. $39,280.Don't use chatgpt, I will 5 upvotes question 5 For the current year, Electric Corporation expected to sell 42,300 industrial power cords. Fixed costs were expected to total $1,651,500; unit sales price was expected to be $3,900; and unit variable costs were budgeted at $2,400. Electric Corporation's margin of safety (MOS) in sales dollars is: (Do not round intermediate calculations.) A. $160,676,100. B. $194,851,099. C. $166,596,097. D. $178,401,100. E. $150,226,100. A B C D E