Ask Question, Ask an Expert

+1-415-315-9853

info@mywordsolution.com

Ask Accounting Basics Expert

The Crass Company uses cost-plus pricing with a 40% mark-up. The company is currently selling 20,000 units at $21 per unit. Each unit has a variable cost of $10. In addition the company incurs $100,000 in fixed costs annually. If demand falls to 16,000 units how much will the company have to charge per unit in order to earn the same annual profit?

A. $22.50

B. $21.75

C. $22.75

D. $23.75

Accounting Basics, Accounting

  • Category:- Accounting Basics
  • Reference No.:- M943111

Have any Question? 


Related Questions in Accounting Basics

Q1 harbour cruises limited started business on 1 july 2015

Q1. Harbour Cruises Limited started business on 1 July 2015 and completed its first statement of comprehensive income and first statement of financial position on 30 June 2016. The statements are prepared before consider ...

The howard leasing company is a private held medium-size

The Howard Leasing Company is a private held, medium-size business that purchases school busses and leases them to school districts, curses, charitable organizations, and other businesses. to better serve its customers a ...

Question 1- jessica opened a bank account with an initial

Question 1- Jessica opened a bank account with an initial deposit of $10,000. The bank account pays monthly interests at 6% p.a. convertible monthly. (a) How much will Jessica accumulate in 5 years if she is not going to ...

Flexible budget 25cost formula to calculate manufacturing

Flexible Budget (25%) Cost Formula to calculate Manufacturing Overhead Emory Company as follow. Cost Formula relevant for range 15000 to 25.000 machine hours annually. a. Make flexible budget for increment 5,000 machine ...

Problem - journalize and post the following entries you

Problem - Journalize and post the following entries. You will need to create additional T accounts as needed. Our sales terms are always 3/15 n45 for sales made on account unless stated otherwise. See if you can trace th ...

Accounting chatchat 1300 words or lesswhat is the

Accounting Chat Chat #1 300 words or less What is the difference between cash and accrual basis of accounting? What kind of accounts are affected with adjustments? How to determine if an account or transaction is for a p ...

James lives in maryland but works in virginia john lives in

James lives in Maryland but works in Virginia. John lives in Virginia but works in Maryland. John believes he has been taken advantage of by Jim in a business dealing. John has paid Jim a down payment to paint his house ...

Describe how you would treat depreciation in the profit and

Describe how you would treat depreciation in the profit and loss account and balance sheet.

Contemporary issues in accounting-topic - critical

Contemporary issues in accounting- Topic - Critical Accounting Theory Objective- Makes a clear distinction between different theories of accounting Critically evaluate contemporary external company reporting practices Le ...

A taxpayer lives in michigan in a controversy with the irs

A taxpayer lives in Michigan. In a controversy with the IRS, the taxpayer loses at the trial court level. Describe the appeal procedure for each of the following trial courts: a. Small Cases Division of the U.S. Tax Cour ...

  • 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