Fulton Designs is making 15 customized birthday invitations. The production costs include $30 in materials, $25 in hourly wages, and $15 in workstation rental space. What is the average cost per unit (invitation)? Solve this
Q: Financial accounting
A: Step 1: Define LeverageFinancial leverage can be defined as a scenario where a company uses debt in…
Q: Provide correct answer this financial accounting question
A: The total cash disbursement in October is calculated as follows: Total cash disbursement = (October…
Q: Provide accounting question
A: Part (a): Calculation of Profit MarginProfit Margin = (Operating Income / Sales) x 100…
Q: Need help this question general accounting
A: Step 1: Definition of Current LiabilitiesBusiness associations assess the current liabilities amount…
Q: General Accounting problem
A: Concept of Capital SpendingCapital spending refers to the investment a company makes in acquiring,…
Q: SUBJECT FINANCIAL ACCOUNTING
A: Explanation of Accounting Equation:The accounting equation is the fundamental principle of…
Q: I want to this question answer general accounting
A: Step 1: The accounting equation is Assets is equal to liabilities and owner's equity or Assets =…
Q: What is the value of retained earnings on July 31?
A: Explanation of Retained Earnings: This is an account that represents the cumulative profits that a…
Q: What is the correct option? ? General Accounting question
A: Step 1: DefinitionThe Return on Investment (ROI) measures the percentage gain or loss on an…
Q: ?!
A: The question requires the determination of the market value of shareholder's equity.Shareholders'…
Q: hello tutor provide answer of this General accounting question
A: Step 1: Define Sales Revenue represents the total income generated from business operations before…
Q: MCQ
A: The question requires the determination of the cash conversion cycle. The cash conversion cycle…
Q: ?
A: Concept of Sales RevenueSales revenue is the total income a company generates from selling goods or…
Q: General Accounting Question please give me true answer
A: Step 1: Formula Basis: Total direct labor hoursOverhead rate = Estimated total overhead…
Q: abc general accounting
A: Step 1: Definition of Sales for a Target ProfitSales for a target profit refer to the total revenue…
Q: Calculate dynamics net income?
A: Step 1: Definition of Net IncomeNet income is the amount of profit a business earns after deducting…
Q: provide correct answer of this General accounting question
A: Step 1: DefinitionThe P/E Multiple Method is a valuation technique used to estimate the fair value…
Q: Please solve this question general Accounting
A: Step 1: Define Cost of Goods Sold (COGS)The Cost of Goods Sold (COGS) represents the total cost…
Q: Irving Manufacturing applies manufacturing overhead to jobs based on machine hours used. Overhead…
A: Explanation of Budgeted Manufacturing Overhead Rate: This is a predetermined rate calculated before…
Q: What profit margin is required for this general accounting question?
A: ROA=Net income/Total assetsHence Net income=0.14 * Total assetsNow hereAsset turnover= Sales / Total…
Q: Please need answer the financial accounting question
A: Step 1: Define Capital Maintenance and Investment RequirementsTo maintain the firm's capital stock,…
Q: Provide answer
A: Given that the markup is based on the selling price, we use the formula:…
Q: Answer? ? General Accounting
A: Step 1: Define Comprehensive Income ImpactComprehensive income includes net income and other…
Q: The predetermined overhead rate per machine hour should be?
A: Explanation of Fixed Overhead: Fixed overhead costs are manufacturing expenses that remain constant…
Q: Hello tutor please help me this question solution
A: Let's give it a try. To provide precise answer, I believe further reference is necessary, but I will…
Q: According expert need your help general Accounting question
A: Step 1: Define Price-Earnings (P/E) RatioThe Price-Earnings (P/E) Ratio is a valuation metric that…
Q: General Accounting
A: Step 1: DefinitionThe Accounts Receivable Collection Period (Days Sales Outstanding - DSO) measures…
Q: Abc
A: To estimate the operating expenses for 2014 using the high-low method, we follow these steps: Step…
Q: Need help this question
A: Step 1: Contribution margin ratio.= (selling price per unit - variable manufacturing cost per unit -…
Q: 5 POINTS
A: Given:Insurance proceeds = $1,250,000Original purchase price = $875,000 Formula:Realized gain =…
Q: Sanju has 12500 of net long term capital gain
A: Step 1: Given Value for Calculation Long Term Capital Gain = $12,500Short Term Capital Loss = $7800…
Q: Fletcher Corporation owns 75 percent of Montrose Company's stock. In the 20Y5 consolidated income…
A: Fletcher Corporation owns 75% of Montrose Company.Noncontrolling interest (NCI) share of income =…
Q: Solve this example and accounting
A: Step 1: Definition of Cost VarianceCost variance measures the difference between the expected…
Q: A company sold office furniture costing $12,700 with accumulated depreciation of $10,150 for $2,200…
A: Concept of Book ValueBook value refers to the net value of an asset recorded in a company's…
Q: I want to correct answer general accounting question
A: Step 1: Definition of Absorption vs. Variable Costing Impact on IncomeAbsorption costing includes…
Q: 4 POINT
A: Explanation of Contribution Margin:Contribution Margin is the portion of sales revenue that remains…
Q: MM Manufacturing estimates that overhead costs for the next year will be $4,750,000 for indirect…
A: Explanation of Indirect Labor: Indirect labor represents the cost of factory workers who are not…
Q: Sandhill Company received the following selected information from its pension plan trustee…
A: Step 1: Compute the Pension ExpensePension Expense=Service Cost+Interest Cost−Expected Return on…
Q: I don't need ai answer general accounting question
A: Required A. Dividends = $12,500This is a liability (Dividend payable) and also a reduction to the…
Q: How much will the companys Net income increase
A: 1. Variable Costs: Variable costs are 35% of sales. If sales increase by $120,000:Variable Costs…
Q: can you please solve this
A: Step 1: Definition of Applied OverheadApplied Overhead refers to the estimated indirect costs…
Q: What is the companys plant-wide overhead rate?
A: Explanation of Plantwide Overhead Rate:The Plantwide Overhead Rate is a method of allocating…
Q: None
A: Step 1: Definition of Gain or Loss on Sale of AssetThe Gain or Loss on Sale of an Asset is…
Q: none
A: Step 1: Definition of Net Operating IncomeNet Operating Income (NOI) is the profit generated from a…
Q: Tutor please provide answer
A: Explanation of Investment Turnover:Investment turnover is a financial ratio that measures how…
Q: Solve this general accounting problem without use ai
A: Step 1: Define Direct Materials Price VarianceThe Direct Materials Price Variance measures the…
Q: What is the effective annual rate on this loan for this financial accounting question?
A: To calculate the effective annual rate (EAR) for Horizon Technologies' loan, let's go step by…
Q: The analyst estimated of total assets
A: Step 1: Net income Net income = Revenue - ExpensesNet income = $4,000 - $3,800Net income = $200…
Q: What is its equity multiplier?
A: Here are the calculations:a) Total Asset Turnover (TAT)ROA=Profit Margin×Total Asset TurnoverSolving…
Q: Using the ACFR information for the City of Salem, indicate both financial statements that contained…
A: Approach to solving the question:To accurately answer your question, I need access to the Annual…
Fulton Designs is making 15 customized birthday invitations. The production costs include $30 in materials, $25 in hourly wages, and $15 in workstation rental space. What is the average cost per unit (invitation)? Solve this
![](/static/compass_v2/shared-icons/check-mark.png)
Step by step
Solved in 2 steps
![Blurred answer](/static/compass_v2/solution-images/blurred-answer.jpg)
- Mackler, Inc. sells a product with a contribution margin of $50 per unit. Fixed costs are $8,000 per month. How many units must Mackler sell to break even? Please show the formula you used and show your work in the space provided.Atlantic Manufacturing produces and sells children’s bikes at an average price of $80. Its costs are as follows: direct materials = $15; direct labour = $7; variable overhead = $3; sales commission is 5% of price. Its fixed monthly costs are $50,000. Required: 1. Using the above cost data, set up a monthly cost equation. Y=___+___x 2. What is the company’s contribution margin percentage? (Round your answer to 2 decimal places.) Contribution Margin %A company is negotiating with a potential supplier for the purchase of 100,000 widgets. The company estimates that the supplier’s variable costs are $5 per unit andthat the fixed costs, depreciation, overhead, and so on, are $50,000. The supplierquotes a price of $10 per unit. Calculate the estimated average cost per unit. do youthink $10 is too much to pay? Could the purchasing department negotiate a betterprice? How?
- Owen Conner works part-time packaging software for a local distribution company in Indiana. The annual fixed cost is $10,000 for this process, direct labor is $3.50 per package, and material is $4.50 per package. The selling price will be $12.50 per package. How much revenue do we need to take in before breaking even? What is the break-even point in units?DengerPlease help me
- The variable cost to make a cellular device is $ 300 and the fixed costs are $ 1,400 per day. Decide: a) The equation of the total cost "y" of manufacturing "x" cell phones per day b) What is the cost of manufacturing 250 cell phones per day?A furniture company manufactures desks and chairs. Each desk requires 29 hours to manufacture and contributes $400 to profit, and each chair requires 19 hours to manufacture and contributes $250 to profit. Due to marketing restrictions, a total of 2000 hours are available. Use Solver to maximize the company’s profit. What is the maximum profit? How many desks and chairs should the company manufacture? Of the 2000 available hours, how many hours will be used?Oak Valley Company, a custom cabinet manufacturing company, is setting standard costs for one of its products. The main material is cedar wood, sold by the square foot. The current cost of cedar wood is $8 per square foot from the supplier. Delivery costs are $0.20 per square foot. Carpenters' wages are $30 per hour. Payroll costs are $3.00 per hour, and benefits are $5 per hour. How much is the direct materials standard cost per square foot? A. $8.20 B. $11.20 C. $13.20 D. $8.00
- Cheetah Company manufactures custom-designed skins (covers) for iPods® and other portable electronic devices. Variable costs are $9.20 per custom skin, the price is $19, and fixed costs are $104,860. 1. What is the contribution margin for one custom skin? 2. How many custom skins must Cheetah Company sell to break even? 3. If Cheetah Company sells 13,000 custom skins, what is the operating income? Calculate the margin of safety in units and in sales revenue if 13,000 custom skins are sold.Suppose that you operate a business that produces widgets. What's a widget? A widget is a hypothetical product with no particular attributes or features to confuse us. Just widgets. In the course of a month, you produce 5,000 widgets. You only have three inputs when producing widgets; 1) factory space; 2) labor; and 3) raw materials. You pay rent of $3,000 per month. Your use of labor and raw materials depends on how many widgets you produce. When you produce 5,000 widgets, your labor costs are $4,000 and your raw material costs are $1,500. • What is your average cost (or average total cost) of producing 5,000 widgets? (Enter your answer without a dollars sign ($) in the following form: (i.e., dollars and cents) -'--A manager must decide how many machines of a certain type to purchase. Each machine can process 100 customers per day. One machine will result in a fixed cost of $2,100 per day, while two machines will result in a fixed cost of $3,700 per day. Variable costs will be $16 per customer, and revenue will be $45 per customer. a. Determine the break-even point for each range. (Round your answers to the next whole number.) One machine Two machines b. If estimated demand is 90 to 120 customers per day, how many machines should be purchased?