ABсD1Sanchez & Vukmin, LLP, is a full-service accounting firm located near Chicago, Illinois. Last year,Sanchez provided tax preparation services to 500 clients. Total fixed costs were $265,000 with totalvariable costs of $180,000. Based on this information, complete this chart.23No. of clients4006004Total Costs5Fixed Costs6Variable Costs7Total Costs89Cost per client10Fixed Cost11Variable Cost12Total cost per client13800

Detailed explanation:Variable cost per client = total variable costs / number of clients = 180,000 /…

Answered: A B с D 1 Sanchez & Vukmin, LLP, is a…

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter2: Building Blocks Of Managerial Accounting

Section: Chapter Questions

Problem 6EB: Sanchez & Vukmin, LLP, is a full-service accounting firm located near Chicago, Illinois. Last year,...

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The following is a summarized income statement for McClaron Manor Co.'s profit center 12608 for April: Contribution Margin $ 176,000 Period Expenses $ 12,000 Manager' s Salary $ 2,100 Corporate Expense Allocation $ 8,100 $ (22,200 ) Net Income $ 153,800 Which of the following amounts is most likely subject to the control of the profit center's manager? (CPA, adapted) Multiple Choice Contribution Margin of $176,000 and Period Expenses of $14,100. Contribution Margin of $176,000. Contribution Margin of $176,000 and Period Expenses of $22,200. Contribution Margin of $176,000 and Period Expenses of $12,000.
ces R&R Tax Service offers tax and consulting services to individuals and small businesses. Data for fees and costs for three types of tax returns follow. Fixed costs total $48,640. Type of Return Sales Mix Fee Charged Easy 30% $ 70 Moderate 50% 170 Business 20% 410 Variable Cost per Return (1) Determine the weighted-average contribution margin. Easy Moderate Business $ 40 100 250 Sales mix Contribution margin per return Total per unit + 30% 50% 20% Weighted-average contribution margin (2) Determine the break-even point in units using the weighted-average contribution margin. Numerator: Denominator: (3) Determine the number of units of each product that will be sold at the break-even point. Number of units to break even. Sales mix Easy Moderate Business Break Even Units Break even units Units sales at the break-even point
R&R Tax Service offers tax and consulting services to individuals and small businesses. Data for fees andcosts of three types of tax returns follow. R&R provides services in the ratio of 5:3:2 (easy, moderate,business). Fixed costs total $18,000 for the tax season. Use this information to determine the (1) sellingprice per composite unit, (2) variable costs per composite unit, (3) break-even point in composite units,and (4) number of units of each product that will be sold at the break-even point.Type of Return Fee Charged Variable Cost per ReturnEasy (Form 1040EZ) . . . . . . . . . . . . . . $ 50 $ 30Moderate (Form 1040) . . . . . . . . . . . . 125 75Business . . . . . . . . . . . . . . . . . . . . . . . . 275 100
Mr. Bulls is the manager of triangle offense, a profit center of the windy city corporation. His unit reported the following for the period just ended: Contribution Margin P5,000,000 Period Expenses Managers salary 1,000,000 Depreciation Expense 1,600,000 Allocated administrative costs 755,000 3,355,000 Profit center income 1,645,000 Mr. Bulls would most likely control what amount?A. 5,000,000 B. 1,000,000 C. 1,355,000 d. 1,645,000
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Quant was providing Tax Services and deals in two lines of services namely accounting and tax. Accounting-related services represent 60% of its revenue and provide a contribution margin ratio of 30%. Tax services represent 40% of its revenue and provide a 40% contribution margin ratio. The company's fixed costs are 4,590,000. Calculate the revenue from each type of service that the company must achieve to break even.
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Please answer the questions provided and do show solutions as possible. Thank you!
Brookbury Accounting completed 150 tax returns in the month of March. Its Effective Capacity is 170 tax returns and its Design Capacity is 175 tax returns. Calculate the Efficiency and Utilization for Brookbury Accounting. What do these two numbers tell you?

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