Question
Please do not reject as incomplete I will submit the other portion as another question.Please answer all parts with explanations. Thx
Supplies
6,000
4.00
Miscellaneous administrative expense
8,700
1.00
Total
$1,152,000
$96.00
It is expected that 12,000 units will be sold at a price of $240 a unit. Maximum sales within the relevant range are
18,000 units.
Required:
Expand
Transcribed Image Text

Supplies 6,000 4.00 Miscellaneous administrative expense 8,700 1.00 Total $1,152,000 $96.00 It is expected that 12,000 units will be sold at a price of $240 a unit. Maximum sales within the relevant range are 18,000 units. Required:

Expand

Expert Answer

Want to see the step-by-step answer?

Check out a sample Q&A here.

Want to see this answer and more?

Experts are waiting 24/7 to provide step-by-step solutions in as fast as 30 minutes!*

*Response times may vary by subject and question complexity. Median response time is 34 minutes for paid subscribers and may be longer for promotional offers.
Tagged in
Business
Accounting

Final Accounts

Related Accounting Q&A

Find answers to questions asked by students like you.

Q: PLEASE USE ACCOUNTS OUT OF THIS LIST: Accumulated Other Comprehensive IncomeAllowance for Investment...

A: Click to see the answer

Q: .  If Canace Company, with a break-even point at $368,000 of sales, has actual sales of $460,000, wh...

A: Break-even analysis is a technique widely used by the production department. It helps to determine t...

Q: SELLING PRICE  PER UNIT 200     OPERATING INCOME      42,000     IN 2018     Variable expenses per u...

A: Operating income =Total sales-Variable cost-Fixed cost  Variable Cost =Direct material +Direct labou...

Q: Wallace Inc. collects 90% of its sales on account in the month of the sale and 10% in the month foll...

A: Cash collection from September sales = September sales on credit x 10% = $276,000 x 10% = $27,600

Q: Solvency and Profitability Trend Analysis Addai Company has provided the following comparative infor...

A: Return on total assets = (Net Income + Interest expense)/ Average Total assets where, Average Total ...

Q: Please answer with explanation thx

A: Break-even point: It is the point where a firm earns no profit. It is the point where the firm's rev...

Q: On March 1, Dillmore Corporation had office supplies on hand of $900. During the month, Dill-more pu...

A: This numerical has covered the concept of Adjusting Entries. The adjusting entry was passed at the e...

Q: Laura Leasing Company signs an agreement on January 1, 2020, to lease équipment to Larkspur Company....

A: Lease:   Lease is a contractual agreement whereby the right to use an asset for a particular period ...

Q: The following items were selected from among the transactions completed by Sherwood Co. during the c...

A: Journal entries: These are prepared to record the financial and non-financial transactions of the bu...

Q: Supply the missing data in the following cases. Each case is independent of the others. Case 2 Sched...

A: Workings:   Case :1 Direct Labor:  Total Manufacturing costs – [Direct Materials + Direct Labor] $1...

Q: FIFO and LIFO Costs Under Perpetual Inventory System The following units of an item were available f...

A: FIFO: Under this method, ending inventory is valued at the latest purchase price. LIFO: Under this m...

Q: Metlock Leasing Company signs a lease agreement on January 1, 2020, to lease electronic equipment to...

A:   Lease contact provides the right to the lessee to use an asset but it does not provide the ownersh...

Q: The 2014 comparative balance sheet and 2014 income statement of Simple Things Industries Ltd have ju...

A: (1) The table below shows the comparative balance sheet:

Q: CVP analysis using activity-based costs will tend to shift some costs from fixed to variable classif...

A: CVP Analysis:   CVP analysis establishes the relation between cost, volume and profit of the compan...

Q: 7. A business operated at 100% of capacity during its first month, with the following results: Sa...

A: Answer:   Option d.

Q: Direct Labor Cost Budget Dauber Inc. budgeted production of 66,000 personal journals in 20Y6. Each j...

A: Total time required for production of personal journals  = No. of journals x Time required for one j...

Q: The 2014 comparative balance sheet and 2014 income statement of Byfield Co Ltd, have just been distr...

A: Gain on sale of plant asset=Sale procced - Book value=308,200-205,000=103,200

Q: I need help with this Cash flow. Also explanatuon for the answers. Using the Indirect method

A: A financial statement that summarises the amount of cash and cash equivalents entering and exiting a...

Q: The 2014 comparative balance sheet and 2014 income statement of Byfield Co Ltd, have just been distr...

A: Cash flow statement: It is a statement which reports the cash inflows and outflows of a business dur...

Q: Production Budget Renegade Inc. projected sales of 60,000 personal journals for 20Y6. The estimated ...

A: Budgeted production = Budgeted sales + Desired ending inventory - Beginning inventory

Q: Bennet Co. bought a trademark from Bonnet, Inc. on January 2, 2018, for $1,200,000. An independent r...

A: Annual Amortization = Assets Cost / Life of the Assets Cost of Trademarks = $1,200,000 Life of the T...

Q: Perpetual Inventory Using FIFO Beginning inventory, purchases, and sales data for portable game play...

A: Perpetual Inventory System:   Perpetual Inventory System refers to the inventory system that maintai...

Q: The 2014 comparative balance sheet and 2014 income statement of Byfield Co Ltd, have just been distr...

A: Click to see the answer

Q: Erza Company has a P180,000, 10%, 90-day note receivable outstanding at December 31. The note is dat...

A: Interest receivable is interest accrued but not received. Interest receivable is an asset. Increase ...

Q: Hello question is attached, thanks.

A: Budgeting: It is a process of planning the work to be performed. Under this process a formal plan is...

Q: ondor Airplane Company has built a new model jet aircraft which it intends to sell to high net worth...

A: Time taken for 2 aircrafts=Units×Hours to complete per unit×82%=2×25,000×82%=41,000

Q: The 2014 comparative balance sheet and 2014 income statement of Simple Things Industries Ltd, have j...

A: Cash flow statement: It is prepared to show the net cash flow of the organization by analyzing the t...

Q: Hello, I need formulas explaining the answers, thank you.

A: Dividend distribution is a method of distributing profit among the stockholder of the organization. ...

Q: Discuss:  Special Business Forms and Contract Liability The city of Papagos, Arizona, had a deterior...

A: Contract: A contract is a legally enforceable agreement between two or more entities to perform an a...

Q: please help me with this =( On May 12, Wilcox Company accepted delivery of $20,000 of merchandise an...

A: Following are the Journal entries recorded

Q: Direct Materials Purchases Budget Killingsworth Inc. budgeted production of 43,000 personal journals...

A: Budgeted Purchase = Budgeted production + Desired ending inventory - Beginning inventory Purchase bu...

Q: Lower-of-Cost-or-Market Inventory On the basis of the following data, determine the value of the inv...

A: Total cost = Inventory Quantity x  Cost per Unit Total Market = Inventory Quantity x Market Value pe...

Q: Case:Mercurial Company has made the following information available for its production facility for ...

A: Followings are the solutions to requisite problems

Q: These financial statement items are for Crane Corporation at year-end, July 31, 2022. Salaries and w...

A: Statement of Retained Earnings: It is also known as the Statement of Changes in equity. It is one of...

Q: The income and expense accounts of Rosie Corp. for the year ended 2019 are listed below. Sales 1,150...

A: Statement of owner's equity gives information about the changes in the owner's capital account. Owne...

Q: Silvia exhanges all her Theta Corporation stock (acquired August 1, 2016) for $300,000 of Alpha Corp...

A: Merger: It is an agreement that combines two existing businesses into one new business.

Q: List the appropriate fund(s) that will be affected for each of the following transactions for Sienna...

A: Definition: General Fund: It is the primary fund used by an entity. Debt Service Fund: The purpose o...

Q: The following was taken from Stickers Corp.’s accounting records for the year ended December 31, 201...

A: Raw material used = Raw material purchased - Increase in raw material inventory

Q: Please explain the impact on the balance sheet when the board of directors declares a cash common so...

A: Out of the profit earned by the company, some of them is distributed to the stakeholders of the comp...

Q: 3. Record the following transaction in the appropriate journal, ledger accounts, balance off the acc...

A: This Numerical has covered the concept of Journal Entry, Ledger Accounts, and Trial balance.

Q: IKIBAN INC.Comparative Balance SheetsJune 30, 2019 and 2018   2019     2018     Assets          ...

A: Cash flow statement: It is prepared to show the cash flow of the organization by analyzing the total...

Q: Pharmos Incorporated is a Pharmaceutical Company which is considering investing in a new production ...

A: Click to see the answer

Q: Accounting Question

A: Journal Entry:   Journal entry has two effects for every transaction. The journal entry is passed by...

Q: PROBLEM 2-24 Income Statement; Schedule of Cost of Goods Manufactured [L01, LO2, LO3, LO4]. Visic Co...

A: Raw materials: It is the basic input required to manufacture the finished products. The raw material...

Q: Calculate the $ change from2018- 2019

A: A financial statement that summarises the amount of cash and cash equivalents entering and exiting a...

Q: I need help determining the cost assigned to inventory and the cost of goods sold using FIFO. Some o...

A: Perpetual inventory system: Under this inventory system, the records of inventory are continuously u...

Q: Nillson's Nursery uses the direct write-off method for recording bad debts. Required: Journalize the...

A: Journal:   Journal is the book of original entry. Journal consists of the day today financial transa...

Q: In which of the following scenario will the supplier be issuing a credit memo?   Granting of all...

A: In the case of defective merchandise the buyer may return the goods and in lieu of that supplier mus...