XYZ manufactures a computer stand. It has fixed costs of S600,000 and each stand sells for $90, with a variable cost of $ 48 per unit. If manufactures sells 13,000 stands, what would be the profit? a. 54000 Loss b. c. 240000 profit d. 240,000 profit
Q: A corporation borrowed money through an 9-month, 8% note for $120,000 on September 1, 2020. The note...
A: Formula: Interest expense = Notes value x Interest rate x Time period
Q: Mr. and Mrs. Tan own 100% of the common stock of ABC Company and 90% of the common stock of XYZ Comp...
A:
Q: SBD Phone Company sells its waterproof phone case for $90 per unit. Fixed costs total $151,200, an v...
A: A break-even analysis seems to be a quantitative tool that assists a business in determining the sta...
Q: At 30 June 2002 a company had Klm 8% loan notes in issue, interest being paid half- yearly on 30 Jun...
A: Interest Expenses refers to the cost that a company have to pay for borrow funds from any institutio...
Q: What is the process of developing a strength/weakness balance sheet?
A: A balance sheet is a financial statement which shows the assets, liabilities, and shareholder owners...
Q: A draw bench for precision forming and strengthening of carbon steel tubing has a cost of S950,000. ...
A: Straight line method is a method for charging depreciation in which depreciation is charged at a uni...
Q: Given the following cost and activity observations for Leno Enterprises' utilities, use the high-low...
A: Variable cost per Machine Hours= (Highest activity cost - Lowest activity cost) / (Highest Machine H...
Q: At 30 June 2002 a company had Klm 8% loan notes in issue, interest being paid half- yearly on 30 Jun...
A:
Q: ABC Company has several subsidiaries that are included in its consolidated financial statements. In ...
A: The question is related to the Consolidation. ABC Company is a parent company and Main co.and King C...
Q: If Wilmington used a plantwide predetermined overhead rate based on direct labor-hours, how much man...
A: Predetermined overhead rate is used for allocating overhead costs to job or product. Predetermined o...
Q: How does an increase in production impact operating income and inventory if abortions costing concep...
A: Costing method or concepts can be categorized as process costing, job costing, absorption costing an...
Q: P9. The following information is available for Delta Company as of April 30, 2014 GENERAL LEDGER AD...
A: Lease rentals are the expense for the lessee that is to be paid till the end of the lease term for u...
Q: 1. What is the different between an ordinary annuity and an annuity due? Which occurs more in practi...
A: Hi, there, Thanks for posting the question. As per our Q&A honour code, we must answer the first...
Q: The company purchased a computer system at a cost of $100,000. The estimated useful life is 4 years,...
A: Since you have asked multiple question, we will solve the first question for you. If you want any sp...
Q: You are in charge of auditing PLM (PopoyLangMalakas) Company's investment accounts for the year ende...
A: When a high rate of interest is credited, then to reduce the income interest account to be debited.
Q: a. Jefferson & Westover wanted to raise $55 million dollars capifal through a rights offering for th...
A: Floatation cost is the various types of costs related to issuing of shares. This is to be adjusted i...
Q: PT Water Canon sells 2 types of water pumps. HP7 Pumps are used for factories and WP7 Pumps for hous...
A: You have posted multiple questions, as per Bartleby policy only the first question will be answered....
Q: 16.The following information is available for the two production departments (machining and assembl...
A:
Q: B. Give the journal entry to be made in the books of the purchaser, if the account to be debited is ...
A: Accounting books: The various books drafted to carry out the accounting process are called as accoun...
Q: Which of the following is not a benefit of budgeting? It is a basis for performance evaluation. It a...
A: Budgeting is a process of preparing a plan to estimate the expenses and income of an organisation ov...
Q: IFRS 16 states that lessors shall recognize assets held under finance lease as a receivable at an am...
A: IFRS 16 Leases: It tells the principles related to the recognition, measurement, presentation, &...
Q: 15. The PQR Partnership is being dissolved. All liabilities have been paid and the remaining assets ...
A: A partnership is a business arrangement between two or more people who own an entity and share its p...
Q: PSc 2-7 Calculate Gross Pay with Commissions Calculate gross pay for each of the following employees...
A: * As per Bartleby policy, if question have multiple subparts then answer first three only. 1. Gros...
Q: A company uses an overhead absorption rate of £6·50 per labour hour, based on 40,000 budgeted labour...
A: Absorbed Overheads = Overhead Absorption Rate x Actual Labor Hours
Q: This is the residual interest in the economic resources of a company that remains after deducting ec...
A: The question requires the name of the residual interest in the economic resources of a company that ...
Q: Q5)Poles Apart purchased snowboards at a cost of $345 and marks them up by 35% of the selling price....
A: Regular selling price is the price at which the entity is willing to sale the goods at an arm's leng...
Q: What is the process for developing a budgeted balance sheet?
A: The budgeted balance sheet is a report that a firm uses to examine the estimation of assets, liabili...
Q: 3.14 Cue and Peed entered into a partnership on March 1, 200A. They agreed that Cue, the managing pa...
A: Partner’s equity represents the capital investments made by the partner, drawings made by the partne...
Q: utar Payle ts Recevable Required: 1. Post the adjusting journal Adjusting journal entries a. Bad deb...
A: You have posted multiple-part question, so as per Bartleby policy only the first three interlinked p...
Q: b) Energy Sdn Bhd wes-reeerded with en euthorized eepital of 200,000 7% preferenee eheres of RML00 e...
A: The next step shows the journal entries for the above transactions in the books of Energy Sdn Bhd fo...
Q: You work for Star Walk limited, a large private organisation as the assistant financial controller. ...
A:
Q: On January 1, year 1, ABC Company purchased 80% of the stock of XYZ for P4,000,000 cash. Prior to th...
A: GIVEN On January 1, year 1, ABC Company purchased 80% of the stock of XYZ for P4,000,000 cash. Pri...
Q: What is the process of developing a strength/weakness balance sheet?
A: A balance sheet is a financial statement that depicts a corporation's assets, liabilities, and stake...
Q: 11. On June 30, 2015, the balance sheet of Western Marketing, a partnership, is summarized as follow...
A: A partnership is a relationship between two or more persons who have agreed to share profits of the ...
Q: 7. Toews Ltd has prepared the following flexible budget for the coming year. The Budgeted level of a...
A: The variable cost changes with level of production but fixed cost remains constant at every level of...
Q: The Regal Cycle Company manufactures three types of bicycles-a dirt bike, a mountain bike, and a rac...
A:
Q: Under the realization principle, revenue from sale of products is recognized a. At date of delivery...
A: Recognition of Revenue - Recognition of Revenue is the recording of revenue in the financial year. T...
Q: Assuming the contract entered into at the price you computed is $365.42 and the underlying asset is ...
A: Forward Contract: When two parties agree to purchase or sell a certain asset at a given price on a s...
Q: 000, and the fair value of the asset on January 1, 2020, is $737,000. 3. At the end of the lease t...
A: The given lease is a finance lease because the equipment lease for most of its economic useful li...
Q: A listing of the components of account balances which relieves the general ledger of detail thereby...
A: Business transactions are first entered in special-purpose subsidiary books. The next step is to po...
Q: Given that the closing work-in-progress of a process is 400 units, which is 100% complete with rega...
A: The equivalent units are calculated on the basis of percentage of the work completed during the peri...
Q: Requirement a. What are the accounting requirements for a correct sales cutoff? A. A shipment s...
A: Revenue shall be recognition according to accounting standards. Following is the condition to revenu...
Q: $10,000 $12,000 Service Revenue Cash Accounts Receivable $3,000 Office Supplies Rent Expense Salarie...
A: Introduction: Balance sheet: All Assets and liabilities are shown in Balance sheet. It tells the net...
Q: The following data were taken from the records of a citizen decedent: Land inherited from his mothe...
A: Estate Tax: When an individual transfers his/her property to the beneficiary person on his/her demis...
Q: 2e the following transactions in the accounts of Arrow Medical Co., a medical equipment company that...
A: Under Direct method no allowance account is created and bad debts expense is recorded only when the ...
Q: Retlaw Corporation (RC) manufactures time-series photographic equipment. It is currently at its targ...
A: Net present value is the difference between the present value of all the cash inflows and the cash o...
Q: Marc's total taxable income is 140 000 . What will he have to owe the federal government and quebec ...
A: Working Note :- Tax year assumed 2021 The tax slab rates for ...
Q: Haribo has manufactured gummy bears, since 1920. Those bears are currently made in 16 plants around ...
A: given At the end of the month, approximately what percentage complete will gummy bears be with res...
Q: Netherfield Ltd is considering a contract to produce a particular product. The product will require ...
A: In this question, we have to find out the labor cost of this contract.
Q: Debit Credit Current receivable due from Main Co. $ 32,000 Noncurrent receivable from Main Co. 114,0...
A: Intracompany receivables refer to the amount or services(current and non-current) which is receivabl...
Step by step
Solved in 2 steps
- Delta Co. sells a product for $150 per unit. The variable cost per unit is $90 and fixed costs are $15,250. Delta Co.s tax rate is 36% and the company wants to earn $44,000 after taxes. What would be Deltas desired pre-tax income? What would be break-even point in units to reach the income goal of $44,000 after taxes? What would be break-even point in sales dollars to reach the income goal of $44000 after taxes? Create a contribution margin income statement to show that the break-even point calculated in B, generates the desired after-tax income.Schylar Pharmaceuticals, Inc., plans to sell 130,000 units of antibiotic at an average price of 22 each in the coming year. Total variable costs equal 1,086,800. Total fixed costs equal 8,000,000. (Round all ratios to four significant digits, and round all dollar amounts to the nearest dollar.) Required: 1. What is the contribution margin per unit? What is the contribution margin ratio? 2. Calculate the sales revenue needed to break even. 3. Calculate the sales revenue needed to achieve a target profit of 245,000. 4. What if the average price per unit increased to 23.50? Recalculate: a. Contribution margin per unit b. Contribution margin ratio (rounded to four decimal places) c. Sales revenue needed to break even d. Sales revenue needed to achieve a target profit of 245,000Deuce Sporting Goods manufactures a high-end model tennis racket. The company’s forecasted income statement for the year, before any special orders, is as follows: Fixed costs included in the forecasted income statement are $400,000 in manufacturing cost of goods sold and $200,000 in selling expenses. A new client placed a special order with Deuce, offering to buy 1,000 tennis rackets for $100.00 each. The company will incur no additional selling expenses if it accepts the special order. Assuming that Deuce has sufficient capacity to manufacture 1,000 more tennis rackets, by what amount would differential income increase (decrease) as a result of accepting the special order? (Hint: First compute the variable cost per unit relevant to this decision.)
- If a company has fixed costs of $6.000 per month and their product that sells for $200 has a contribution margin ratio of 30%, how many units must they sell in order to break even? A. 100 B. 180 C. 200 D. 2,000Polaris Inc. manufactures two types of metal stampings for the automobile industry: door handles and trim kits. Fixed cost equals 146,000. Each door handle sells for 12 and has variable cost of 9; each trim kit sells for 8 and has variable cost of 5. Required: 1. What are the contribution margin per unit and the contribution margin ratio for door handles and for trim kits? 2. If Polaris sells 20,000 door handles and 40,000 trim kits, what is the operating income? 3. How many door handles and how many trim kits must be sold for Polaris to break even? 4. CONCEPTUAL CONNECTION Assume that Polaris has the opportunity to rearrange its plant to produce only trim kits. If this is done, fixed costs will decrease by 35,000, and 70,000 trim kits can be produced and sold. Is this a good idea? Explain.Markson and Sons leases a copy machine with terms that include a fixed fee each month plus acharge for each copy made. Markson made 9,000 copies and paid a total of $480 in January. In April, they paid $320 for 5,000 copies. What is the variable cost per copy if Markson uses the high-low method to analyze costs?
- Maple Enterprises sells a single product with a selling price of $75 and variable costs per unit of $30. The companys monthly fixed expenses are $22,500. What is the companys break-even point in units? What is the companys break-even point in dollars? Construct a contribution margin income statement for the month of September when they will sell 900 units. How many units will Maple need to sell in order to reach a target profit of $45,000? What dollar sales will Maple need in order to reach a target profit of $45,000? Construct a contribution margin income statement for Maple that reflects $150,000 in sales volume.Kerr Manufacturing sells a single product with a selling price of $600 with variable costs per unit of $360. The companys monthly fixed expenses are $72,000. What is the companys break-even point in units? What is the companys break-even point in dollars? Prepare a contribution margin income statement for the month of January when they will sell 500 units. How many units will Kerr need to sell in order to realize a target profit of $120,000? What dollar sales will Kerr need to generate in order to realize a target profit of $120,000? Construct a contribution margin income statement for the month of June that reflects $600,000 in sales revenue for Kerr Manufacturing.Marlin Motors sells a single product with a selling price of $400 with variable costs per unit of $160. The companys monthly fixed expenses are $36,000. What is the companys break-even point in units? What is the companys break-even point in dollars? Prepare a contribution margin income statement for the month of November when they will sell 130 units. How many units will Marlin need to sell in order to realize a target profit of $48,000? What dollar sales will Marlin need to generate in order to realize a target profit of $48.000? Construct a contribution margin income statement for the month of February that reflects $200,000 in sales revenue for Marlin Motors.
- Cadre, Inc., sells a single product with a selling price of $120 and variable costs per unit of $90. The companys monthly fixed expenses are $180,000. What is the companys break-even point in units? What is the companys break-even point in dollars? Prepare a contribution margin income statement for the month of October when they will sell 10,000 units. How many units will Cadre need to sell in order to realize a target profit of $300,000? What dollar sales will Cadre need to generate in order to realize a target profit of $300,000? Construct a contribution margin income statement for the month of August that reflects $2,400,000 in sales revenue for Cadre, Inc.Dimitri Designs has capacity to produce 30,000 desk chairs per year and is currently selling all 30,000 for $240 each. Country Enterprises has approached Dimitri to buy 800 chairs for $210 each. Dimitris normal variable cost is $165 per chair, including $50 per unit in direct labor per chair. Dimitri can produce the special order on an overtime shift, which means that direct labor would be paid overtime at 150% of the normal pay rate. The annual fixed costs will be unaffected by the special order and the contract will not disrupt any of Dimitris other operations. What will be the impact on profits of accepting the order?Jansen Crafters has the capacity to produce 50,000 oak shelves per year and is currently selling 44,000 shelves for $32 each. Cutrate Furniture approached Jansen about buying 1,200 shelves for bookcases it is building and is willing to pay $26 for each shelf. No packaging will be required for the bulk order. Jansen usually packages shelves for Home Depot at a price of $1.50 per shell. The $1.50 per-shelf cost is included in the unit variable cost of $27, with annual fixed costs of $320.000. However, the $130 packaging cost will not apply in this case. The fixed costs will be unaffected by the special order and the company has the capacity to accept the order. Based on this information, what would be the profit if Jansen accepts the special order? A. Profits will decrease by $1,200. B. Profits will increase by $31,200. C. Profits will increase by $600. D. Profits will increase by $7,200.
