Ask Question, Ask an Expert

+1-415-315-9853

info@mywordsolution.com

Ask Accounting Basics Expert

Grey, Inc. sells a single product for $25. Variable costs are $11 per unit and fixed costs total $182,000 at a volume level of 6,000 units. Assuming that fixed costs do not change, Green's break-even sales would be:

Wooster has the following budgeted costs at its anticipated production level (expressed in hours): variable overhead, $170,000; fixed overhead, $338,000. If Wooster now revises its anticipated production slightly upward, it would expect:

Alamo's customer service department follows up on customer complaints by telephone inquiry. During a recent period, the department initiated 14,700 calls and incurred costs of $308,700. If 3,560 of these calls were for the company's wholesale operation (the remainder were for the retail division), costs allocated to the retail division under activity-based costing system should amount to:

Swanson and Associates presently leases a copy machine under an agreement that calls for a fixed fee each month and a charge for each copy made. Swanson made 16,000 copies and paid a total of $320 in March; in May, the firm paid $200 for 9,000 copies. The company uses the high-low method to analyze costs.
Swanson's variable cost per copy is closest to (Round your final answer to 3 decimal places):
Swanson's monthly fixed fee is (Round your intermediate calculations to 3 decimal places final answer to nearest dollar amount):
How much would Swanson's pay if it made 12,500 copies? (Round your intermediate calculations to 3 decimal places final answer to 2 decimal places.)

Drake Manufacturing sells a number of goods whose selling price is heavily influenced by cost. A recent study of product no. 520 revealed a traditionally-derived total cost of $1,623 and a selling price of $1,850 based on that figure. A newly computed activity-based total cost is $1,215. Which of the following statements is true?

Orion recently reported sales revenues of $1,008,000, a total contribution margin of $348,000, and fixed costs of $250,000. If sales volume amounted to 12,000 units, the company's variable cost per unit must have been:

Yellow Dot, Inc. sells a single product for $12. Variable costs are $4 per unit and fixed costs total $120,000 at a volume level of 8,500 units. What dollar sales level would Yellow Dot have to achieve to earn a target profit of $240,000?

Narchie sells a single product for $50. Variable costs are 60% of the selling price, and the company has fixed costs that amount to $400,000. Current sales total 16,000 units.
If Narchie sells 24,000 units, its safety margin will be:

Bowman, Inc., has only variable costs and fixed costs. A review of the company's records disclosed that when 300,000 units were produced, fixed manufacturing costs amounted to $1,500,000 and the cost per unit manufactured totaled $18. On the basis of this information, how much cost would the firm anticipate at an activity level of 330,000 units?

 

Accounting Basics, Accounting

  • Category:- Accounting Basics
  • Reference No.:- M948299

Have any Question? 


Related Questions in Accounting Basics

Read the following scenariothomas perdue had built up a

Read the following scenario: Thomas Perdue had built up a successful development company. When he became city commissioner, everyone said it was good to have a businessperson on the commission. They said businesspeople k ...

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 ...

Accounting amp the regulatory environmentin the wake of the

Accounting & The Regulatory Environment In the wake of the accounting and finance scandals of the early 2000s, the regulatory environment for businesses changed dramatically to create more accountability and transparency ...

A strong 1 page paper with references forbased on the

A strong 1 page paper with references for Based on the scenario presented in the Learning Team Instructions, write a 1-page report on your IT Audit and Control Analysis Plan. Draft answers to the following: • Why conduct ...

Question 1 -jj industries is in the business of

Question 1 - JJ Industries is in the business of manufacturing large yachts. They have an agreement with one of their biggest customers that they will pay off their account of R18.5 million over the next three years, wit ...

You are managing a systems development team for a company

You are managing a systems development team for a company who wants to implement a new accounting information system. Your team has been asked to review the process prior to implementation. Produce a 700-to 1,050 word pa ...

Research topic issues in revenue recognitionslater and

Research Topic: Issues in Revenue Recognition Slater and Gordon is a large law firm based in Melbourne, Australia. It is the first law firm being listed on Australian Securities Exchange. However, recently, the firm has ...

Why do organizations have internal audits compliance audits

Why do organizations have internal audits, compliance audits, or operational audits performed? Provide examples of what type of organization might have each of these audits and for what purpose? Who would want this infor ...

Business administration managemntamp commercial sciences

BUSINESS ADMINISTRATION, MANAGEMNT& COMMERCIAL SCIENCES ACCOUNTING 512 ASSIGNMENT The purpose of an assignment is to ensure that the Learner is able to: Demonstrate an understanding of accounting principles. Systematical ...

Fbl5030 fundamentals of value creation ion business

FBL5030 Fundamentals of Value Creation ion Business Assignment - Accounting Assignment Requirements- 1.  The following is a list of 10 organisations/companies, one of which will be the subject of your analysis. CODE      ...

  • 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