How do they calculate this?
Q: What was the maximum amount of properly substantiated charitable contributions that Moore could…
A: The contribution limit for a church is 60% of the contribution base (adjusted gross income in this…
Q: 27 A company is preparing a statement of cash flows and is reviewing which transactions must be…
A: The cash flow statement is prepared to record the cash flow from various activities during the…
Q: Gigabyte Ltd. bought an item of inventory on 1 October 2018 for £4,000. On 30 September 2019, the…
A: Since you have posted multiple questions, we can only provide the solution to the first question…
Q: Company A has significant influence by owning 50,000 of the 100,000 shares of Company B common…
A: Equity method is used when investor exercises significant influence over the investees. Investors…
Q: me company uses the LIFO inventory costing method, w much is cost of goods sold for the month of…
A: The following inventory methods used for inventory valuation as follows under:--Specific…
Q: Peach Company has a $1,000 bond that is convertible into 10 shares of common stock (par value $10).…
A: When a bond is converted into stock, it means that the bondholder exchanges their bond investment…
Q: accumulated depreciation
A: The Straight Line Method (SLM) of Depreciation reduces the value of an asset consistently till it…
Q: Costing information for Emily Elephant Limited is as follows:Direct material cost per unitDirect…
A: Absorption costing is an accounting technique that provides a full perspective of production…
Q: Question 5 On May 31, 2023, Rooney Company paid $2,100,000 to purchase Frances Corporation, which…
A: Impairment loss involves reducing the recorded value of an asset when its recoverable value is less…
Q: Ilene rents her second home. During the year, Ilene reported a net loss of $10,600 from the rental.…
A: A deduction is an expense that can be subtracted from a taxpayer's gross income in order to reduce…
Q: Digman Co. had retained earnings of $400,000 on January 1st. It made a net income of $200,000 in the…
A: Retained earnings are the unallocated profits available for distribution to the shareholders. It is…
Q: Robinwood Fixtures manufactures two products, K4 and X7. The company prepares its master budget on…
A: Variance analysis is a technique used in financial and managerial accounting to compare actual…
Q: Bramble Stores accepts both its own and national credit cards. During the year, the following…
A: Journal Entries Record All Business Transactions In The Accounting Journal. This Is The First Step…
Q: The president of a large manufacturing company wants to see the outflow of cash for last month and…
A: The information about the outflow of cash for the purchase of land will typically be found in the…
Q: 8. Mary has an outside basis in her LLC membership interest of $100,000. In a liquidating…
A: we must take into account the difference between Mary's outside basis and the distribution she…
Q: Salmone Company reported the following purchases and sales of its only product. Salmone uses a…
A: INVENTORY VALUATIONInventory Valuation is a Method of Calculation of Value of Inventory at the End…
Q: 3. Itco uses a perpetual following transactions took place: 10/1 10/5 10/10 10/12 10/15 10/22 A. UTS…
A: Periodic inventory system means where day to day in or out of goods is not recorded and value of…
Q: Mr. Gilbert is self-employed and makes annual contributions to a Keogh plan. Mrs. Gilbert's employer…
A: To compute the Adjusted Gross Income (AGI) after deducting contributions to traditional IRAs for the…
Q: What amount of net cash provided (used) by financing activities should be reported in the statement…
A: Financing activities are those activities which are associated with the financing functions of a…
Q: The following balances were extracted from the books of MajuJaya Enterprise on 31 December 2022.…
A: Balance Sheet -The assets, liabilities, and shareholder equity of a business are listed financially…
Q: Julie total tax liability for 2022 is what
A: Julia’s total tax liability for 2022 is $73,938. This calculation takes into account her decision…
Q: Larkspur Ltd. traded a used truck (cost $30,200, accumulated depreciation $27,180, fair value…
A: Journal entries are used by commercial organizations to document their financial transactions in…
Q: How much is the net effect of the transactions on the 2023 Statement of Changes in Equity? [Indicate…
A: A statement of change in equity is a financial statement of the business. It measures the changes in…
Q: CarFind Inc. showed the following equity information at December 31, 2022. Common shares, unlimited…
A: The shareholders' equity includes the issued capital and retained earnings of the business. The…
Q: 1) Calculate the cash collected from customers in 2024. 2) Calculate the cash paid to suppliers for…
A: Only the first three sub-parts has been solved due to our guidelines and protocolsThe cash collected…
Q: Current Attempt in Progress At December 31, 2024, Wildhorse Company had 800000 shares of common…
A: Earnings per share indicates the company's ability to generate earnings for a unit of common shares.…
Q: How much will the Christopher Corporation have to pay for the merchandise if it pays on September 3?…
A: The company purchases materials from its suppliers. It also purchases on account and sometimes the…
Q: he TCJA eliminated which of the following? A) Annual Filing Season Program B) Deduction for…
A: TCJA -A number of tax-related factors that impact businesses were altered by the Tax Cuts and Jobs…
Q: The comparative statements of Wildhorse Co. are presented here: WILDHORSE CO. Income Statements…
A: “Since you have posted a question with multiple sub parts, we will provide the solution only to the…
Q: On January 1, Wildhorse Corporation had 100,000 shares of no-par common stock issued. 9,400 shares…
A: The dividend is the distribution of profits. The distribution of profit decreases the retained…
Q: During the month, Barrera Manufacturing incurred (not paid) $49,000 in direct labor costs in…
A: The journal entries are prepared to record the transactions on regular basis. The indirect costs are…
Q: Required information Skip to question [The following information applies to the questions displayed…
A: Partnership : Arrangement between two or more people whereby they agree to manage business…
Q: On January 1, 2022, Ivanhoe Company had Accounts Receivable $126,400, Notes Receivable $45,600, and…
A: The journal entries are prepared to record the transactions on regular basis. The account…
Q: Mary's Hospital is a not-for-profit business-oriented hospital. During the year, premium revenue…
A: An organization's accounting system contains a journal entry that documents a commercial…
Q: Axel Company and Rod Company completed the following merchandising transactions in the month of…
A: The journal entries are prepared to record the transactions in regular basis. The perpetual…
Q: Last month when Holiday Creations, Incorporated, sold 44,000 units, total sales were $176,000, total…
A: Income statement is a financial statement that shows profitability, total revenue and total…
Q: Jalen just turned 71 years old on December 16, 2023. He knows nothing about personal income taxes…
A: An individual can save for retirement by contributing pre-tax income to a Registered Retirement…
Q: MOSS COMPANY Income Statement For Year Ended December 31, 2021 Sales Cost of goods sold Gross profit…
A: The cash flow statement is prepared to record the cash flow from various activities during the…
Q: TB MC Qu. 14-36 (Algo) Moates Corporation has... Moates Corporation has provided the following data…
A: A financial statistic called net present value (NPV) is used to evaluate the profitability of…
Q: Calculate the following ratios all are required 1-Total Asset Turnover 2-Fixed Asset Turnover…
A: Ratio analysis is a powerful tool used by businesses, investors, and financial analysts to evaluate…
Q: dentify the rule that determines whether a taxpayer must include in income a refund of an amount…
A: The tax benefit rule is the principle that determines whether a taxpayer must include in income a…
Q: Flounder Industries has budgeted the following unit sales: 2022 January February March April May…
A: The production budget is referred as a detailed plan that outlines number of units the company needs…
Q: Xuan Xuan current salary is $79000 per anum. it is expected that her salary will increase at the…
A: The future value of the salary at 30 June 2020 can be calculated using the formula for compound…
Q: Lavage Rapide owns and operates a large automatic car wash facility near Montreal. The following…
A: Variance analysis is a technique used in budgeting and financial management to compare the planned…
Q: Exercise 18-46 (Algo) Total Factor Productivity (LO 18-6) Trombly Fabrication has three production…
A: Factor productivity is calculated dividing output by its inputs.The following formula used to…
Q: TB EX Qu. 10-162 (Algo) Diane's Designs has two classes of stock... Diane's Designs has two classes…
A: The journal entries are prepared to record the transactions on regular basis. The treasury stock has…
Q: QS 25-17 (Algo) Pricing using total cost LO P6 José Ruiz starts a company that makes handcrafted…
A: The following formula used to calculate as follows under:-Markup= Selling price - costsRate of…
Q: Mr. Gilbert is self-employed and makes annual contributions to a Keogh plan. Mrs. Gilbert's employer…
A: Adjusted gross income( AGI) is a crucial measure used in the United States duty system to…
Q: Units Sales Variable costs Direct labor Direct Material Variable Manufacturing Total variable costs…
A: Variance analysis is a technique used in financial and managerial accounting to compare actual…
Q: Henry, who earned $131,400 during 2020, is paid on a monthly basis, is married, (spouse does not…
A: Payroll taxes refer to those taxes paid by both employer and employee in order to fund the employee…
Year 1 Sales revenue: 400 cost: 464 Result: -64 Year 2
Sales revenue: 800 Cost: 704 Result: 96 The structure of costs in relation to sales has remained the same in both years. Calculate the company's profit margin %. critical point and margin of safety for years 1 and 2. And here is the answer: Margin % 40 Critical point 560 Margin % and critical point are the same in years I and II Safety margin in year I -160 Safety margin in year II 24. How do they calculate this?
![](/static/compass_v2/shared-icons/check-mark.png)
Trending now
This is a popular solution!
Step by step
Solved in 3 steps
![Blurred answer](/static/compass_v2/solution-images/blurred-answer.jpg)
- Salespersons' Report and Analysis Pachec Inc. employs seven salespersons to sell and distribute its product throughout the state. Data taken from reports received from the salespersons during the year ended June 30 are as follows: Variable Total Variable Cost Selling of Goods Sold Salesperson Sales Expenses Asarenka $437,500 $196,875 $83,125 Crowell 91,200 570,000 228,000 Dempster 675,000 310,500 141,750 587,500 123,375 MacLean 246,750 Ortiz 525,000 126,000 215,250 Sullivan 587,500 246,750 99,875 Williams 575,000 253,000 115,000 Required: 1. Prepare a table indicating contribution margin, variable cost of goods sold as a percent of sales, variable selling expenses as a percent of sales, and contribution margin ratio by salesperson. Round percents to the nearest whole number. Enter all amounts as positive numbers. DoQUESTION 2 (a) Explain the following terms: (1) margin of safety (ii) contribution margin (b) contribution to sales ratio (ii) (iv) (c) cost behaviour in a linear function (v) (d) break even analysis The Income statement for the year ending 31 December 2020 for Hagemaru Manufacturing is as follows: RM'000 RM'000 Sales (22,000 units) 3,300 Direct materials 726 Direct labour 374 Production overheads 798 (1,898) Gross profit 1,402 Selling overheads (1,042) Net profit 360 The variable production overheads were RM9 per unit while the variable selling overheads were RM11 per unit. Required: (i) Calculate contribution margin per unit. (i) (ii) Calculate breakeven point in units and in RM. (i) Calculate margin of safery in units for the latest financial year. The company has a capacity of 30,000 units per year. Management is not happy with the financial performance for the last year, and two courses of (iv) (v) (vi) action for the coming year were proposed in the recent management meeting:…For the current year, prevention costs are what percentage of sales? For the current year, appraisal costs are what percentage of sales? 3.333% 0.833% 0.500% 0.875% If quality costs had been reduced to 2.5 percent of sales in the current year, profits would have increased by
- Contribution Margin, Break-Even Sales, Cost-Volume-Profit Chart, Margin of Safety, and Operating Leverage Belmain Co. expects to maintain the same inventories at the end of 20Y7 as at the beginning of the year. The total of all production costs for the year is therefore assumed to be equal to the cost of goods sold. With this in mind, the various department heads were asked to submit estimates of the costs for their departments during the year. A summary report of these estimates is as follows: EstimatedFixed Cost Estimated Variable Cost(per unit sold) Production costs: Direct materials — $28 Direct labor — 19 Factory overhead $495,200 14 Selling expenses: Sales salaries and commissions 102,900 6 Advertising 34,800 — Travel 7,700 — Miscellaneous selling expense 8,500 6 Administrative expenses: Office and officers' salaries 100,600 — Supplies 12,400…Contribution Margin, Break-Even Sales, Cost-Volume-Profit Chart, Margin of Safety, and Operating Leverage Belmain Co. expects to maintain the same inventories at the end of 20Y7 as at the beginning of the year. The total of all production costs for the year is therefore assumed to be equal to the cost of goods sold. With this in mind, the various department heads were asked to submit estimates of the costs for their departments during the year. A summary report of these estimates is as follows: EstimatedFixed Cost Estimated Variable Cost(per unit sold) Production costs: Direct materials — $19 Direct labor — 13 Factory overhead $105,800 10 Selling expenses: Sales salaries and commissions 22,000 4 Advertising 7,400 — Travel 1,700 — Miscellaneous selling expense 1,800 4 Administrative expenses: Office and officers' salaries 21,500 — Supplies 2,600…Contribution Margin, Break-Even Sales, Cost-Volume-Profit Chart, Margin of Safety, and Operating Leverage Belmain Co. expects to maintain the same inventories at the end of 20Y7 as at the beginning of the year. The total of all production costs for the year is therefore assumed to be equal to the cost of goods sold. With this in mind, the various department heads were asked to submit estimates of the costs for their departments during the year. A summary report of these estimates is as follows: Estimated Estimated Variable Cost Fixed Cost (per unit sold) Production costs: Direct materials $28 Direct labor 19 Factory overhead $139,800 14 Selling expenses: Sales salaries and commissions 29,000 6 Advertising 9,800 Travel 2,200 Miscellaneous selling expense 2,400 Administrative expenses: orfice and officers' salaries 28,400 Supplies 3,500 2 Miscellaneous administrative expense 3,300 3 Total $218,400 $78 It is expected that 6,300 units will be sold at a price of $156 a unit. Maximum sales…
- Contribution Margin, Break-Even Sales, Cost-Volume-Profit Chart, Margin of Safety, and Operating Leverage Belmain Co. expects to maintain the same inventories at the end of 20Y7 as at the beginning of the year. The total of all production costs for the year is therefore assumed to be equal to the cost of goods sold. With this in mind, the various department heads were asked to submit estimates of the costs for their departments during the year. A summary report of these estimates is as follows: EstimatedFixedCost EstimatedVariableCost(perunitsold) Production costs: Direct materials $26 Direct labor 17 Factory overhead $564,000 13 Selling expenses: Sales salaries and commissions 117,200 6 Advertising 39,700 Travel 8,800 Miscellaneous selling expense 9,700 5 Administrative expenses: Office and officers' salaries 114,600 Supplies 14,100 2…Contribution Margin, Break-Even Sales, Cost-Volume-Profit Chart, Margin of Safety, and Operating Leverage Belmain Co. expects to maintain the same inventories at the end of 20Y7 as at the beginning of the year. The total of all production costs for the year is therefore assumed to be equal to the cost of goods sold. With this in mind, the various department heads were asked to submit estimates of the costs for their departments during the year. A summary report of these estimates is as follows: EstimatedFixed Cost Estimated Variable Cost(per unit sold) Production costs: Direct materials $13 Direct labor 9 Factory overhead $212,900 6 Selling expenses: Sales salaries and commissions 44,200 3 Advertising 15,000 Travel 3,300 Miscellaneous selling expense 3,700 3 Administrative expenses: Office and officers' salaries 43,200 Supplies 5,300 1…Contribution Margin, Break-Even Sales, Cost-Volume-Profit Chart, Margin of Safety, and Operating Leverage Belmain Co. expects to maintain the same inventories at the end of 20Y7 as at the beginning of the year. The total of all production costs for the year is therefore assumed to be equal to the cost of goods sold. With this in mind, the various department heads were asked to submit estimates of the costs for their departments during the year. A summary report of these estimates is as follows: EstimatedFixed Cost Estimated Variable Cost(per unit sold) Production costs: Direct materials — $22 Direct labor — 14 Factory overhead $190,100 11 Selling expenses: Sales salaries and commissions 39,500 5 Advertising 13,400 — Travel 3,000 — Miscellaneous selling expense 3,300 4 Administrative expenses: Office and officers' salaries 38,600 — Supplies 4,800…
- Contribution Margin, Break-Even Sales, Cost-Volume-Profit Chart, Margin of Safety, and Operating Leverage Belmain Co. expects to maintain the same inventories at the end of 20Y7 as at the beginning of the year. The total of all production costs for the year is therefore assumed to be equal to the cost of goods sold. With this in mind, the various department heads were asked to submit estimates of the costs for their departments during the year. A summary report of these estimates is as follows: EstimatedFixedCost EstimatedVariableCost(perunitsold) Production costs: Direct materials $17 Direct labor 12 Factory overhead $909,300 9 Selling expenses: Sales salaries and commissions 189,000 4 Advertising 63,900 Travel 14,200 Miscellaneous selling expense 15,600 3 Administrative expenses: Office and officers' salaries 184,700 Supplies 22,700…Contribution Margin, Break-Even Sales, Cost-Volume-Profit Chart, Margin of Safety, and Operating Leverage Belmain Co. expects to maintain the same inventories at the end of 20Y7 as at the beginning of the year. The total of all production costs for the year is therefore assumed to be equal to the cost of goods sold. With this in mind, the various department heads were asked to submit estimates of the costs for their departments during the year. A summary report of these estimates is as follows: EstimatedFixed Cost Estimated Variable Cost(per unit sold) Production costs: Direct materials — $24 Direct labor — 16 Factory overhead $538,100 12 Selling expenses: Sales salaries and commissions 111,800 5 Advertising 37,800 — Travel 8,400 — Miscellaneous selling expense 9,200 4 Administrative expenses: Office and officers' salaries 109,300 — Supplies 13,500…Contribution Margin, Break-Even Sales, Cost-Volume-Profit Chart, Margin of Safety, and Operating Leverage Belmain Co. expects to maintain the same inventories at the end of 20Y7 as at the beginning of the year. The total of all production costs for the year is therefore assumed to be equal to the cost of goods sold. With this in mind, the various department heads were asked to submit estimates of the costs for their departments during the year. A summary report of these estimates is as follows: EstimatedFixedCost EstimatedVariableCost(perunitsold) Production costs: Direct materials $22 Direct labor 14 Factory overhead $514,300 11 Selling expenses: Sales salaries and commissions 106,900 5 Advertising 36,200 Travel 8,000 Miscellaneous selling expense 8,800 4 Administrative expenses: Office and officers' salaries 104,500 Supplies 12,900 2…
![Managerial Accounting](https://www.bartleby.com/isbn_cover_images/9781337912020/9781337912020_smallCoverImage.jpg)
![Managerial Accounting](https://www.bartleby.com/isbn_cover_images/9781337912020/9781337912020_smallCoverImage.jpg)