Ask Question, Ask an Expert

+1-415-315-9853

info@mywordsolution.com

Ask Accounting Basics Expert

1. A company has $27 per unit in variable costs and $1,000,000 per year in fixed costs.  Demand is approximated to be 100,000 units annually.  Determine the price if the mark up of 40% on total cost is used to find out the price?

i) $51.80
ii) $37
iii) $27
iv) $37.80

2. Company using activity based pricing marks up direct cost of goods by 30% plus charges customers for indirect costs based on activities utilized by customer. Indirect costs are charged as follows: $8.00 per order placed; $4.00 per separate item ordered; $30.00 per return. Customer places 10 orders with total direct cost of $3,000, orders 300 separate items, and makes 5 returns.  What will the customer are charged?

i) $5,330
ii) $3,000
iii) $5,759
iv) $3,900

Accounting Basics, Accounting

  • Category:- Accounting Basics
  • Reference No.:- M99342

Have any Question? 


Related Questions in Accounting Basics

The balance of the 060 par common stock account for company

The balance of the $0.60 par Common Stock account for Company was $60,000 before its recent 3-for-1 stock split. The market price of the stock was $30 per share. What occurred as a result of the split? a. The par value p ...

Assignment case studyreqiredassume you are employed as a

Assignment Case Study Reqired Assume you are employed as a graduate tax accountant and have been asked to detail to your manager, the Australian income tax implications of the following facts relating to Mrs Gilling, who ...

Imagine you are a member of the project approval committee

Imagine you are a member of the project approval committee. An ambitious young manager in the marketing department is well connected with the top management team in your company. He catches you in the hall and mentions t ...

Introductionnbspnbspnbspnbspnbspnbspnbspnbspnbspnbspnbspnbsp

Introduction                                                                                                       You are the professional accountant for The Sami Store owned by Mr. John Smith.  You have the task of pre ...

Assignment - small business analysis and

Assignment - Small Business Analysis and Interpretation Small Business Analysis 1: The following financial statements were prepared for the management of TEDA Ltd. The statements contain some information that will be dis ...

Objectives of the assignmentthis assignment develops your

Objectives of the Assignment This assignment develops your capabilities to analyse, reason logically and conceptualise financial, social and environmental issues; and is aligned with the Course Learning Outcomes of ident ...

What are the roles of accounting and ethics in accounting

What are the roles of accounting and ethics in accounting within a business organization? To better illustrate your point, consider using an example (like something that you have experienced at work) that you think relat ...

Management accounting - farnsworths fine furniture

Management Accounting - Farnsworth's Fine Furniture Ltd Question 1 - (a) Prepare a new profit statement for Fred, using a variable costing approach (Also known as marginal costing, or the contribution margin approach). Y ...

Problemyou have decided to start a business selling widgets

Problem: You have decided to start a business selling widgets. You form a corporation, Widgets, Inc. You paid $10 per share for 1,000 shares of stock on January 1, 2016. Next the company borrowed $30,000 from your Aunt S ...

Problem -the partners agreed to share profits and losses

Problem - The partners agreed to share profits and losses equally and decided to invest an equal amount in the partnership. Lucena and Mulles agreed that Lucena's land is worth P500,000 and his building P1,450,000. Lucen ...

  • 4,153,160 Questions Asked
  • 13,132 Experts
  • 2,558,936 Questions Answered

Ask Experts for help!!

Looking for Assignment Help?

Start excelling in your Courses, Get help with Assignment

Write us your full requirement for evaluation and you will receive response within 20 minutes turnaround time.

Ask Now Help with Problems, Get a Best Answer

A cola-dispensing machine is set to dispense 9 ounces of

A cola-dispensing machine is set to dispense 9 ounces of cola per cup, with a standard deviation of 1.0 ounce. The manuf

What is marketingbullwhat is marketing think back to your

What is Marketing? • "What is marketing"? Think back to your impressions before you started this class versus how you

Question -your client david smith runs a small it

QUESTION - Your client, David Smith runs a small IT consulting business specialising in computer software and techno

Inspection of a random sample of 22 aircraft showed that 15

Inspection of a random sample of 22 aircraft showed that 15 needed repairs to fix a wiring problem that might compromise

Effective hrmquestionhow can an effective hrm system help

Effective HRM Question How can an effective HRM system help facilitate the achievement of an organization's strate