Atlas Manufacturing's break-even point in sales is $1,200,000, and its variable expenses are 65% of sales. If the company lost $60,000 last year, sales must have amounted to: a. $1,150,000 b. $1,028,571 c. $950,000 d. $890,000
Q: What is the average cost assigned to each unit
A: Explanation for A: Total manufacturing cost will be calculated as = Direct materials cost + Direct…
Q: Provide correct answer general Accounting
A: Step 1:First, calculate the total assets: Total assets = Current assets + Property, plant and…
Q: Financial Accounting please answer
A: Explanation for a: The formula to calculate degree of operating leverage is as follows:Degree of…
Q: Financial accounting MCQ
A: Option a: This option is incorrect because the learning curve suggests that the unit cost decreases…
Q: Cost assigned to Job T-123??
A: Explanation of Predetermined Overhead Rate: This is a rate calculated at the beginning of the…
Q: Q-15 The learning curve concept suggests: (a) Costs increase with production (b) Fixed costs vary…
A: (a) Costs increase with productionIn light of the learning curve, this choice is inappropriate.…
Q: Please provide this question solution general accounting
A: Step 1: Analysis of the information providedNet income = $480,000Dividend paid to common…
Q: What is the book value of equipment?
A: Explanation of Original Cost: This represents the initial purchase price or acquisition cost of the…
Q: Pluto Company sold 4,480 units in October at a price of $63 per unit. The variable cost is $51 per…
A: Explanation of Contribution Margin: Contribution margin is the difference between total sales…
Q: Given answer general Accounting question
A: To calculate the market price of Planet & Son (PS), use the formula: Market Price = Earnings Per…
Q: Correct answer please
A: Explanation of Direct Materials Used:Direct materials used refer to the raw materials that are…
Q: General Account
A: Correct Answer: e. Assets increase; Liabilities increase Explanation:When a business borrows cash,…
Q: What is the company's price earnings ratio?
A: The price/earnings (P/E) ratio is calculated using the formula: P/E Ratio = Stock Price ÷ Earnings…
Q: None
A: The payout ratio is calculated as the ratio of dividends paid to net income. The formula is:Payout…
Q: Thompson Company has a standard of 3.1 pounds of materials per unit, at $15.10 per pound. In…
A: Approach to solving the question: Step 1: We need to get the actual and standard cost for the unit…
Q: Financial Accounting
A: Step 1: Define Degree of Operating Leverage (DOL)The degree of operating leverage (DOL) measures the…
Q: Problem related to Financial accounting ?
A: Explanation of Net Income After Taxes:Net income after taxes represents the company's profit…
Q: ?
A: Explanation of Activity Cost Pools: Activity cost pools are groupings of individual overhead costs…
Q: ??
A: Explanation of Direct Labor Hours: Direct labor hours represent the time spent by workers directly…
Q: Subject = General Account
A: The question pertains to determining the net profit. Net profit refers to a company's total earnings…
Q: Stark Enterprise has the following reconciliation of.... Please answer the financial accounting…
A: Step 1: Define Deferred Income Tax LiabilityDeferred income tax liability arises when temporary…
Q: Give me Answer
A: Concept of Discounted Payback PeriodThe discounted payback period is the time it takes for an…
Q: Right answer
A: To determine the number of pounds of direct materials used, we use the formula for direct materials…
Q: Question:1
A: To determine the sales price per unit, we need to calculate the total cost per unit and add the…
Q: Subject: Financial Accounting
A: Concept of Times Interest Earned RatioThe Times Interest Earned Ratio measures a company's ability…
Q: i need this question answer General accounting question
A: Step 1: DefinitionStock Repurchase: When a company buys back its own shares from the market,…
Q: Calculate the amount paid for Goodwill
A: Concept of Acquisition Price: The acquisition price refers to the total amount a company pays to…
Q: Discuss the accounting treatment for asset retirement obligation ?
A: Asset Retirement Obligation: A legal obligation associated with the retirement of a long-lived…
Q: prob. Financial Account
A: When a business borrows cash, it receives money, which increases its assets (cash). At the same…
Q: If the average age of inventory is 90 days, the average age of accounts payable is 60 days, and the…
A: Step 1: Formula Cash conversion cycle = Days inventory outstanding + Days sales outstanding - Days…
Q: Expert provide answers
A: Explanation of Activity-Based Costing (ABC):Activity-Based Costing (ABC) is a method of assigning…
Q: I want answer with all working format
A: Explanation of EBITDA:EBITDA stands for Earnings Before Interest, Taxes, Depreciation, and…
Q: The asset, liability, revenue, and expense accounts in the ledger of Mickey Mouse Co. on December…
A: Step 1: Net income Net income = Fees earned - Insurance expense - Wages expenseNet income = $6,000 -…
Q: None
A: Step 1: Total Manufacturing Costs (TMC).= direct materials used + direct labor incurred + overhead…
Q: Need General Accounting Question Solution Provide answer if you sure otherwise don't
A: Certainly, I can help you with the general accounting question.Explanation:Question 1:Integrated…
Q: What is the project's discounted payback
A: Step 1: Calculation of Discounted Cash Flows (DCF) for year 1, 2, and 3Weighted Average Cost of…
Q: What is the desired profit for the year on these general accounting question?
A: Step 1: Define Desired Operating IncomeDesired operating income is the target profit an organization…
Q: do fast answer of this General accounting question
A: Step 1: Analysis of the information givenPar value of the bond = $20,000Number of years of maturity…
Q: ??!!
A: Steps and explanations are as follows:In case of any doubt, please let me know. Thank you.
Q: The Price Co. can make widgets for $5 and sell them for $8. If fixed costs are $100,000, then how…
A: To calculate the number of widgets that must be sold to achieve an **EBIT (Earnings Before Interest…
Q: What was George Company's adjusted COGS amount for 20X1 ?
A: Given Information:Unadjusted COGS: $93,000Direct Labor Efficiency Variance: $9,000 unfavorableDirect…
Q: Right answer
A: Steps:Determine the change in inventory:Change in Inventory=Ending Inventory−Beginning…
Q: Need answer financial accounting question
A: To calculate how much external equity Delta must raise, we first need to determine the total amount…
Q: Cost Accounting
A: To calculate the gross profit, follow these steps:Calculate net sales: Net Sales = Sales - Sales…
Q: None
A: The correct answers are:C) Manufacturing overheadD) Direct materials Explanation:Product costs are…
Q: The standard cost of Wonder Walkers includes 3 units of direct materials at $9.00 per unit. During…
A: Step 1:The material total variance is calculated as follows: Material total variance = Actual…
Q: Subject - General Account
A: To compute the standard direct labor rate per hour, standard direct labor hours per gallon, and…
Q: A firm has a profit margin of 19 percent on sales of $24,000,000. If the firm has total assets of…
A: This question would require us to compute for the ROA or the Return on Assets. Although there are…
Q: ?!
A: Definitions Related to the QuestionData Breach:A data breach refers to an incident where…
Q: What is the corporations taxable income? General accounting
A: Step 1: Definition of Passive LossA passive loss refers to a financial loss incurred from activities…
general accounting
Step by step
Solved in 2 steps
- Sabv Corporation's break-even-point in sales is $920,000, and its variable expenses are 70% of sales. If the company lost $42,000 last year, sales must have amounted to: Multiple Choice $878,000 $836.000 $780,000 $602.000Solen Corporation's break-even-point in sales is $850,000, and its variable expenses are 80% of sales. If the company lost $35,000 last year, sales must have amounted to: $815,000 S780,000 $675,000 $645,000KR Corporation's break-even-point in sales is Rs. 900,000, and its variable expenses are 75% of sales. If the company lost Rs. 32,000 last year, sales must have amounted to:
- Company X's break-even-point in sales is $675,000, and its variable expense ratio is 75%. Last month, the company made a loss of $24,000, How much was the sales ($)? a. 603,000 O b. 651,000 Oc. None of the given answers O d. 471,000 O e. 579,000Last year Minden Company introduced a new product and sold 25, 300 units of it at aprice of $99 per unit. The product's variable expenses are $69 per unit and its fixedexpenses are $837,300 per year. Required: 1. What was this product's net operatingincome (loss) last year? 2. What is the product's break - even point in unit sales anddollar sales? 3. Assume the company has conducted a marketing study that estimates itcan increase annual sales of this product by 5.000 units for each $2 reduction in itsselling price. If the company will only consider price reductions in increments of $2 (e.g$68, $66, etc.), what is the maximum annual profit that it can earn on this product?What sales volume and selling price per unit generate the maximum profit? 4. Whatwould be the break - even point in unit sales and in dollar sales using the selling pricethat you determined in requirement 3?Last year Minden Company introduced a new product and sold 25,600 units of it at a price of $92 per unit. The product's variable expenses are $62 per unit and its fixed expenses are $839,400 per year. 1. What was this product's net operating income (loss) last year? 2. What is the product's break-even point in unit sales and dollar sales?
- Last year company A introduced a new product and sold 25,900 units at $97.00 per unit. The product variable expense $67.00 per unit with a fixed price expense of $835,500 per year. a. What is the product's net income or loss last year? b. What is the product break-even point in unit sales and dollar sales? c. Assume the company has conducted a market study that estimates it can increase sales by 5,000 units for each $2.00 reduction in its selling price. If the company would only consider increments of $2.00(e.g. $68,$66, etc) What is the maximum annual profit that can be earned on this product? What sales volume and selling price per unit generate the maximum profit? d. What would be the break-even point in unit sales and dollar sales using the selling price that was determined in the required letter c above? Thank you,Last year, Ezra Company reported sales of P640,000, a contribution margin of P160,000, and a net loss of P40,000. Based on this information, the break-even point was: P640,000 P480,000 P800,000 P960,000Jonick Company has sales of $460,000, and the break-even point in sales dollars is $372,600. Determine the company's margin of safety as a percent of current sales.___ %
- KR Corporation's break-even-point in sales is Rs. 900,000, and its variable expenses are 75% of sales. If the company lost Rs. 32,000 last year, sales must have amounted to: _____________ (Don’t try to write any $, Rs or any alphanumeric value in the Provided answer space)Tower Inc.’s break-even point in sales revenue is $675,000. Tower’s variable costs are 75% of its sales revenue. If Tower reports a net operating loss of $32,000, what is Tower’s actual sales revenue? Group of answer choices $547,000 $571,000 $601,000 $643,000Last year Minden Company introduced a new product and sold 14,000 units at a price of $72 per unit. The product's variable expenses are $42 per unit and its fixed expenses are $516,600 per year. Required: 1. What was this product's net operating income (loss) last year? 2. What is the product's break-even point in unit sales and dollar sales? 3. Assume the company conducted a marketing study that estimates it can increase annual sales of this product by 5,000 units for each $2 reduction in its selling price. If the company will only consider price reductions in increments of $2 (e.g., $70, $68, etc.), What is the maximum annual profit it can earn on this product? What sales volume and selling price per unit generate the maximum profit? 4. What would be the break-even point in unit sales and dollar sales using the selling price you calculated in requirement 3?