Mesa Electronics, a distributor of custom gaming computers, tracks its monthly delivery expenses: Month Units Total Delivery Shipped Expense January 5 $2,800 February 8 $3,700 March 6 $3,100 April 3 $2,000 May 4 $2,400 June 9 $4,000 July 7 $3,400 Using the high-low method, estimate the cost formula for delivery expense.
Q: ?!
A: Alternatively, we can compute DOL using the formula:\text{DOL} = \frac{\text{Contribution…
Q: Please solve this financial accounting question not use ai
A: Step 1: Introduction to ratio analysisRatio analysis is a method used to analyze financial…
Q: None
A: To determine the value of the equity after the restructuring, we will calculate the firm's new…
Q: Please give me true answer this financial accounting question
A: Step 1: Define Price-Earnings Ratio (P/E Ratio)The Price-Earnings Ratio (P/E Ratio) is a financial…
Q: 5 PTS
A: Given:Net operating income = $45,500Fixed expense = $92,000Sales = $193,000CM ratio = 70% Formula:CM…
Q: What is the scope of the act? 2) Discuss the class of person's that must abide by the act. 3)…
A: The scope of an accounting act typically covers the regulation of financial practices and reporting…
Q: If the federal government spends 12% of GDP and collects revenues of 10% of GDP, what is the deficit…
A: The deficit as a percentage of GDP is calculated by subtracting the revenue percentage from the…
Q: Please given answer
A: We have three key pieces of information about the company for last year:Sales: $460,000Turnover:…
Q: Hi expert please give me answer general accounting question
A: Step 1: Definition of Cash Flow from Operating ActivitiesCash Flow from Operating Activities: This…
Q: What is the company's unit contribution margin on these general accounting question?
A: To calculate the unit contribution margin, we need to determine the contribution margin first, and…
Q: What is the current price of the stock?
A: Step-by-Step Solution: Given Data:Assets = $414,000Current liabilities = $41,000Long-term…
Q: kindly help me with accounting question
A: Step 1: Definition of Debt-to-Equity RatioThe Debt-to-Equity Ratio measures a company's financial…
Q: What is the maximum write off for these purchase for 2014 ?
A: Step 1:Definition of Section 179Section 179 of the Internal Revenue Code allows businesses to deduct…
Q: The debt to equity ratio for the period?
A: The debt to equity ratio is calculated by dividing total liabilities by total equity. This ratio…
Q: Ans plz
A: Step 1: Definition of Predetermined Overhead RateThe predetermined overhead rate is a calculated…
Q: Calculate the ending work in process inventory?
A: Step 1: Definition of Work-In-Process InventoryWork-in-process inventory represents the value of…
Q: Financial Accounting MCQ
A: Measurement attribute selection affects reporting quality because different value bases, such as…
Q: What is the direct labor time variance?
A: Explanation of Direct Labor Time Variance: Direct labor time variance is the difference between…
Q: Frisco Company recently purchased 164,000 units of raw material for $642,000. Three units of raw…
A: Explanation of Materials Purchase Price Variance: Materials Purchase Price Variance is the…
Q: Need answer
A: Explanation of Systematic Allocation Principle:The systematic allocation principle is an accounting…
Q: Get correct answer general accuonting
A: Step 1: Definition of Return on Equity (ROE)Return on Equity (ROE) is a financial metric that…
Q: Calculate the company's operating cycle and cash conversion cycle using the given data on these…
A: Step 1: Define Operating CycleThe Operating Cycle is the period of time it takes for a company to…
Q: need help with this accounting question
A: Step 1: Definition of Degree of Operating Leverage (DOL)The degree of operating leverage (DOL)…
Q: None
A: Part (a): Annual Savings for Retirement OnlyWe are solving this in two steps:Step 1: Calculate the…
Q: What is the amount of current assets
A: Concept of Current Assets:Current assets are resources owned by a business that are expected to be…
Q: The net realisable value of the account receivable before and after the write off was .
A: To answer this, we need to calculate the net realizable value (NRV) of the accounts receivable both…
Q: Balance sheet for inventory? General accounting
A: Step 1: Net realizable value Net realizable value = Selling price - Disposal costNet realizable…
Q: do fast answer of this accounting question
A: Step 1: Definition of Child Tax Credit and ReductionThe Child Tax Credit provides a tax benefit of…
Q: Ans plz
A: % Increase for 2007 = (2007 Sales Value-Base Year Value)/Base Year Value% Increase for 2007 =…
Q: ??!!
A: Step 1:Trade Discount is reduction in the list price of goods. Trade discounts is given by the…
Q: Provide correct answer this general accounting question
A: To calculate the actual total direct materials cost, we use the following formula: Actual Direct…
Q: What is syl's break-even point in sales??
A: Explanation of Sales: Sales, which is $1,650,000 in this case, represents the total revenue…
Q: Need help with this financial accounting question
A: Step 1: Define Return on Equity (ROE)Return on Equity (ROE) is a financial performance metric that…
Q: ?? Financial accounting question
A: If you find this answer helpful, please consider rating it as helpful. It would mean a lot to me.…
Q: What are the risks associated with foreign currency hedges? How can the company determine the…
A: Risks from Foreign Currency HedgesMarket Risk:The currency exchange rates may fluctuate in an…
Q: Kennedy Company issued stock to Ed Kennedy in exchange for his investment of $66,000 cash in the…
A: Given:Revenues: Total income earned from sales or services provided.Revenues = $578,000Expenses:…
Q: Hello tutor please provide this question solution general accounting
A: To find the average inventory, we can use the inventory turnover ratio formula: Inventory Turnover…
Q: What is Syl's break even point in sales dollars ?
A: Explanation of Break-Even Point (Sales Dollars):The Break-Even Point in Sales Dollars is the level…
Q: Please given answer
A: To determine the percentage increases for 2007 and 2008 compared to the base year (2006), use the…
Q: Abc
A: Step 1: Definition of Times Interest Earned RatioThe Times Interest Earned (TIE) ratio measures a…
Q: Why is it important for companies to use the matching principle in accounting, and how does it…
A: Definitions Related to the Question1. Matching Principle: The matching principle in accounting…
Q: None
A: Step 1: Definition of GoodwillGoodwill: Goodwill is the excess amount paid in an acquisition over…
Q: provide correct option with explanation
A: Step 1: Definition of Materials Quantity VarianceMaterials Quantity Variance measures the efficiency…
Q: ??!!
A: Calculation of Applied OverheadApplied Overhead = Applied Overhead Rate x Required machine hours…
Q: I am waiting for answer
A: Solution:= cash paid for investing activity or;= price of the new computer - note issued as part…
Q: What is the price earning ratio? General accounting
A: Step 1: Definition of Price-Earnings Ratio (P/E Ratio)The Price-Earnings (P/E) Ratio measures the…
Q: General accounting question
A: Explanation of Trade Discount: A trade discount is a reduction in the list price that manufacturers…
Q: ?!
A: Approach to solving the question:Freeform Detailed explanation: Option c) "Changing business…
Q: General accounting question
A: The contribution margin (CM) can be calculated using the formula: Contribution Margin = Sales × CM…
Q: What is the value of the inventory on October 15 after the sale ?
A: FIFOFIFO assumes the oldest inventory items are sold first. We will calculate the cost of goods sold…
Kindly help me with accounting questions
Step by step
Solved in 2 steps
- Kindly help me with accounting questionsThe controller of Cullumber Production has collected the following monthly cost data for analyzing the behavior of electricity costs. January February March April May June July August September October November December (a) Total Total Electricity Costs Machine Hours $2,480 2,900 Total fixed costs 3.520 4,780 3,220 5,000 4,090 3,810 5.110 4,270 3,320 5,840 Variable cost per machine hour $ 210 $ 340 500 685 420 750 650 510 Determine the fixed costs and unit variable costs using the high-low method. 675 600 340 770West Island distributes a single product. The companys sales and expenses for the month of June are shown. Using the information presented, answer these questions: A. What is the break-even point in units sold and dollar sales? B. What is the total contribution margin at the break-even point? C. If West Island wants to earn a profit of $21,000, how many units would they have to sell? D. Prepare a contribution margin income statement that reflects sales necessary to achieve the target profit.
- Global Publishers has collected the following data for recent months: Month Issues Published Total Cost March 2,500 $20,960 April 3,800 22,464 May 1,750 18,495 June 2,200 21,395 Using the high-low method, find variable cost per unit and total fixed costs. What is the estimated cost for a month in which 4,000 issues are published?Robin Inc. provides the following manufacturing costs for the Third quarter of the year in the table below. Manufacturing Costs for the Third Quarter Months Production in Units Total Costs July 3,800 $59,550 August 4,200 $62,450 September 5,500 $71,875 Using the high-low method, determine the variable costs per unit. (Round intermediate calculations and your final answer to two decimal places.) Group of answer choices $14.37 $13.07 $7.25 $15.67The controller of Rather Production has collected the following monthly expense data for analyzing the cost behavior of electricity costs. January February March April May June July August September October November December (a) Total Electricity Costs $2,500 Fixed-costs 3,000 3,600 4,500 3,200 4,900 4,100 3,800 5,100 4,200 3,300 5,860 Your answer is incorrect. $ Total Machine Hours Variable-costs $ 300 350 500 690 400 700 650 520 680 630 Determine the fixed- and variable-cost components using the high-low method. 350 720
- What is the estimated variable order filling cost component per order for this general accounting question?Use the attached and calculate the below: Identify the fixed and variable costs associated with Cosgrove. Calculate the average costs per month.The controller of Sandhill Industries has collected the following monthly expense data for use in analyzing the cost behavior of maintenance costs. Month January February March April May June Variable cost per machine hour Total Maintenance Costs Determine the variable-cost components using the high-low method. (Round answer to 2 decimal places e.g. 2.25.) Determine the fixed cost components using the high-low method. Fixed costs $2,825 3,210 3,852 4,815 3,424 5,476 Total Machine Hours 3,740 4,280 6,420 8,453 5,350 8,560 $ $
- Please give me answer the questionplease answer within the format by providing formula the detailed workingPlease provide answer in text (Without image)Please provide answer in text (Without image)Please provide answer in text (Without image)The controller of Crane Production has collected the following monthly cost data for analyzing the behavior of electricity costs. TotalElectricity Costs TotalMachine Hours January $2,620 230 February 3,010 370 March 3,590 460 April 4,770 695 May 3,240 400 June 4,850 790 July 4,100 620 August 3,850 550 September 5,110 680 October 4,300 620 November 3,310 370 December 9,000 810 What electricity cost does the cost equation estimate for a level of activity of 790 machine hours? Electricity cost $enter the electricity cost in dollars By what amount does this differ from June’s observed cost for 790 machine hours? Amount differ