Greenfield Enterprises has sales of 3,000 units at $90 per unit. Variable expenses are 40% of the selling price. If total fixed expenses are $75,000, what is the degree of operating leverage?
Q: Please explain the solution to this general accounting problem with accurate principles.
A: Step 1: Define Contribution Margin (CM) RatioThe contribution margin (CM) ratio is calculated as the…
Q: Solve step by step clearly.
A: Step 1: Reconcile the bank statement and determine the total cash balance.Bank Reconciliation…
Q: Bridgeport Electronics completes job #389, which has a standard of 450 labor hours at a standard…
A: Explanation of Standard Labor Hours :Standard labor hours represent the predetermined time that…
Q: I am looking for the correct answer to this general accounting problem using valid accounting…
A: Step 1: Definition of Absorption Costing and Variable Costing Income DifferenceThe difference…
Q: I need help with this financial accounting question using the proper accounting approach.
A: Step 1: DefinitionDiscounted Payback Period The discounted payback period is the time it takes for a…
Q: Step by step not ai soln
A: Step 1: Reconcile the bank balanceThe adjusted bank balance is calculated as:Bank Balance = Bank…
Q: Don't use ai solution i need help.
A: Step 1: Reconcile the bank statementThe formula to reconcile the bank statement is:Bank Statement…
Q: What is the balance in Accumulated Depreciation at the end of 20X2?
A: Definition of Units-of-Production Depreciation:The Units-of-Production (UOP) method allocates…
Q: General Accounting
A: Step 1: Define Variable and Fixed CostsVariable costs change in direct proportion to the number of…
Q: A machine has a cost of $18,500, an estimated residual value of $4,500, and an estimated useful life…
A: Step 1: Calculate the annual depreciation expenseThe formula for straight-line depreciation…
Q: long answer....???
A: 1.1.13 Answer:b) Relative sales value method governs the allocation of joint product costs at the…
Q: At the beginning of the year, manufacturing overhead for the year was estimated to be $318,500. At…
A: Definition of Predetermined Overhead Rate:The predetermined overhead rate is used to assign…
Q: How much is the standard cost per direct labor hour for variable overhead?
A: Concept of Standard Cost:Standard cost is a predetermined or estimated cost of producing a product…
Q: Please provide the correct answer to this general accounting problem using valid calculations.
A: Step 1: Define Unit Variable CostThe unit variable cost is the cost that varies with each unit…
Q: 3. Break-Even Point:A company sells a product for $50 each. The fixed costs are $120,000, and the…
A: To calculate the break-even point in units, you can use the following formula:Break-even point…
Q: Need soln step by step.
A: Given Information:Current Ratio = 2.8Current Ratio = Current Assets ÷ Current LiabilitiesAcid-Test…
Q: None
A: The inquiry pertains to the break-even point in the sale of 40-pound bags of apples by Organic…
Q: Please provide the correct answer to this financial accounting problem using accurate calculations.
A: a. What is the value of the shareholders' equity account for this firm?We can use the accounting…
Q: Please explain how to solve this financial accounting question with valid financial principles.
A: Step 1: Definition of Depreciation Tax ShieldThe depreciation tax shield is the tax saving a company…
Q: Solve this Accounting problem
A: Explanation of Net Income:Net income is the total profit a company earns after deducting all…
Q: What is the actual total direct materials cost for the current period?
A: Definition of Standard Direct Materials Cost:The standard direct materials cost is the cost that a…
Q: General accounting
A: Step 1: Definition of GoodwillGoodwill is an intangible asset that arises when a company is…
Q: Dear accounting tutor i need help .
A: Given:Reported Balance in Brightstar's Account = $200Deposits in Transit = $180Checks Outstanding =…
Q: I want answer with all working format
A: To calculate the yearly depreciation tax shield, you use the formula:Depreciation Tax Shield =…
Q: A manufactured product has the following information for August:
A: Concept of Direct Labor Rate Variance:Direct labor rate variance measures the difference between the…
Q: Please provide the solution to this financial accounting question with accurate financial…
A: Explanation of Book Value of Equity: Book value of equity represents the total value of a company's…
Q: None?
A: In accounting, cross-dimensional analysis refers to the process of examining multiple factors or…
Q: Can you explain this general accounting question using accurate calculation methods?
A: To calculate the predetermined overhead rate for October, use this formula:Predetermined Overhead…
Q: Which of the following is classified as a current asset?a) Equipmentb) Accounts Receivablec)…
A: The correct answer is:b) Accounts ReceivableExplanation:Accounts Receivable is considered a current…
Q: ???
A: Definition of Units-of-Production Depreciation:The units-of-production method calculates…
Q: I need help with this general accounting question using the proper accounting approach.
A: Step 1: Definition of Gross Profit PercentageGross profit percentage represents the proportion of…
Q: how much will operating change if salesb increase by 6000 units ? solve this question general…
A: Step 1: Define Contribution MarginContribution Margin (CM) refers to the amount remaining from sales…
Q: I am searching for the correct answer to this general accounting problem with proper accounting…
A: we use the formula for present value of a lump sum:PV = FV / (1 + r)^nWhere:FV = Future Value of the…
Q: You believe the expected return on GANDHI is 12.50%, and that the variance of GANDHI's returns is…
A: To calculate the coefficient of variation (CV), use the formula:CV = Standard Deviation / Expected…
Q: Calculate Miller's activity rate for each cost pool.
A: Definition of Activity-Based Costing (ABC):Activity-Based Costing (ABC) is a method that assigns…
Q: I need guidance in solving this financial accounting problem using standard procedures.
A: Sure, Please provide the full details of the financial accounting problem, including any figures,…
Q: Please provide the solution to this general accounting question with accurate accounting…
A: Step 1: Definition of Absorption CostingAbsorption costing is a method of costing in which all…
Q: See an attachment for details General accounting question not need ai solution
A: Step 1: Define Predetermined Overhead RateThe predetermined overhead rate is calculated at the…
Q: explain properly all the answer for General accounting question Please given fast
A: Step 1: Define Interest ExpenseInterest Expense refers to the cost incurred by a business or…
Q: Question 4: Depreciation (Straight-Line Method)A company purchases machinery for $50,000. The…
A: Given Data:Cost of machinery = $50,000Salvage value = $5,000Useful life = 10 yearsa) Annual…
Q: Can you explain this general accounting question using accurate calculation methods?
A: Explanation of Gross Sales: Gross sales represents the total revenue a company generates from all…
Q: Please show me the valid approach to solving this financial accounting problem with correct methods.
A: Definition of Contribution Margin:The contribution margin represents the portion of sales revenue…
Q: How does operational efficiency measurement differ from financial metrics? a) Process effectiveness…
A: The correct answer is a) Process effectiveness indicators complement cost measures.Operational…
Q: Answer this Accounting Problem
A: Definition of High-Low Method:The high-low method is a cost estimation technique used to separate…
Q: The gross profit margin is
A: To calculate the Gross Profit Margin, use the formula:Gross Profit Margin = (Gross Profit / Sales) ×…
Q: What is Hamlin's labor efficiency variance for September?
A: Step 1: Definition of Labor Efficiency VarianceLabor Efficiency Variance is a cost accounting metric…
Q: Please explain how to solve this financial accounting question with valid financial principles.
A: Definition of Contribution Margin:The contribution margin represents how much money from each unit…
Q: No Ai Question:A company has the following information: Beginning Inventory: $50,000Purchases:…
A: use the formula:COGS = Beginning Inventory + Purchases - Ending InventoryGiven:Beginning Inventory =…
Q: General accounting question
A: Step 1: Definition of Direct Labor Rate VarianceThe direct labor rate variance measures the…
Q: Hi expert please give me answer general accounting question
A: Step 1: Definition of Debt to Assets RatioThe Debt to Assets Ratio is a financial ratio that shows…
Can you solve this financial accounting problem using appropriate financial principles?
Step by step
Solved in 2 steps
- Faldo Company produces a single product. The projected income statement for the coming year, based on sales of 200,000 units, is as follows: Required: 1. Compute the unit contribution margin and the units that must be sold to break even. Suppose that 30,000 units are sold above the break-even point. What is the profit? 2. Compute the contribution margin ratio and the break-even point in dollars. Suppose that revenues are 200,000 greater than expected. What would the total profit be? 3. Compute the margin of safety in sales revenue. 4. Compute the operating leverage. Compute the new profit level if sales are 20 percent higher than expected. 5. How many units must be sold to earn a profit equal to 10 percent of sales? 6. Assume the income tax rate is 40 percent. How many units must be sold to earn an after-tax profit of 180,000?Gimpy Corp. has variable costs that are 75% of sales, current sales of $800,000, and fixed costs of $150,000. What is the required sales amount to achieve a $85,000 net income? AnswerLin Corporation has a single product whose selling price is $120 and whose variable expense is $80 perunit. The company’s monthly fixed expense is $50,000.Required:1. Using the equation method, solve for the unit sales that are required to earn a target profit of$10,000.2. Using the formula method, solve for the unit sales that are required to earn a target profit of$15,000.
- A product sells for $50 with variable costs of $36 per unit and annual fixed costs of $1,200,000. If the company wants to earn an operating income equal to 20% of sales, how many units must be sold (Assume all units produced are sold)?The selling price of a particular product is $81.00 per unit, the variable expense is $55.00 per unit, and the breakeven sales in dollars is $243,000, what are the total fixed expenses?Snower Corporation sells product G for $150 per unit, the variable cost per unit is $105, and the fixed costs are $720,000. What is the sales (in dollars) required to realize operating income of $40,000?
- What is the correct answer with accounting questionMonster Inc. sells 100,000 for $120 a unit. Fixed costs are $300,000, and net income is $200,000. What should be reported as variable expense in CVP income statement?The fixed cost at Harley motors are $1M annually. The main product has a revenue of $9.90 per unit and $4.50 variable cost What is the annual profit (or loss) if 150,000 units are sold?
- Carter Corporation has fixed costs of $1,800,000, and variable costs are 45% of sales. What are the required sales if Carter Corporation desires a net income of $200,000? AnswerThe Marietta Company has fixed costs of $40,000 and variable costs are 75% of the selling price. To realize profits of $10,000 from sales of 50,000 units, what is the selling price per unit?Sooner Industries charges a price of $88 and has fixed cost of $301,000. Next year, Sooner expects to sell 15,600 units and make operating income of $172,000. What is the variable cost per unit? What is the contribution margin ratio? Note: Round your variable cost per unit answer to the nearest cent. Enter the contribution margin ratio as a percentage, rounded to two decimal places.