Mountain View Printing calculates its monthly costs based on printer usage. In July, they made 8,500 prints and paid $475. In September, they made 6,000 prints and paid $375. Using the high-low method, calculate the variable cost per print.
Q: Kim company plans to sell
A: Concept of Contribution MarginContribution margin is the difference between a product's selling…
Q: In 2024, LAA Incorporated made a charitable donation of $138,000 to the Trevor Project (a qualifying…
A: Step 1:First, we need to find the adjusted taxable income base for the 10% limitation: a) Start with…
Q: General accounting
A: Step 1: Formula Basis: CostMarkup percentage = (Revenue - Cost)/Cost Step 2: Substitution Markup…
Q: correct answer please
A: Average Stockholder's Equity = (Total Stockholder's Equity at beginning + Total Stockholder's Equity…
Q: not use ai solution given answer General accounting question
A: Step 1: Define Holding Period Return (HPR) is a measure of total return earned by an investor over a…
Q: answer
A: The real interest rate is calculated using the formula: 1+r=Current Consumption IncreaseFuture…
Q: General Accounting Question
A: Step 1: Formula Materials price variance = (Actual price - Standard price) x Actual quantity Step…
Q: Slove this Accounting problem
A: Explanation of Cost Price (CP):Cost price refers to the original amount spent to acquire or produce…
Q: Compute the direct materials price and quantity variances of this general accounting question
A: Step 1: Definition of Direct Materials Price and Quantity VariancesDirect Materials Price Variance…
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: Provide Answer
A: Concept of Selling Price Per UnitThe selling price per unit refers to the amount a company charges…
Q: Need help with this financial accounting question
A: Step 1: Define Gross Fixed Assets Purchased or SoldGross Fixed Assets Purchased or Sold refers to…
Q: general accounting
A: Step 1:The cost of goods manufactured can be calculated by adding the work in process beginning to…
Q: Solve this financial accounting problem
A: Explanation of Common Stock: Common stock represents the initial investment made by shareholders…
Q: Sub. General accounting
A: Step 1: Compute the variable cost per labor hour by using the high-low method as follows: Variable…
Q: The standard materials cost of TimberCraft's product is $60 per unit, based on 15 pounds of raw…
A: Explanation of Standard Cost:Standard cost refers to the predetermined cost assigned to a product…
Q: Tutor please provide answer
A: Explanation of High-Low Method:The High-Low Method is a technique used in cost accounting to…
Q: Solve this financial accounting problem
A: Step 1: Calculation of Total LiabilitiesTotal Liabilities = Accounts Payable + Bank LoanTotal…
Q: A college's food operation has an average meal price of $9.20. Variable costs are $4.35 per meal and…
A: Concept of Selling Price Per UnitSelling price per unit refers to the amount a business charges…
Q: Cost of goods sold?
A: Step 1: Define Cost of Goods Sold (COGS)The cost of goods sold or the cost of sales is the amount…
Q: Total assets turnover
A: Given:Return on Assets (ROA) = 10% = 0.10Profit Margin (PM) = 2% = 0.02Return on Equity (ROE) = 15%…
Q: I want to correct answer general accounting question
A: Step 1: Definition of Absorption vs. Variable Costing Impact on IncomeAbsorption costing includes…
Q: Financial accounting
A: Step 1: Define Earnings Per ShareIn management accounting, the calculation of earnings per share is…
Q: Please given answer general accounting question
A: Step 1: Definition of Total GainTotal Gain refers to the total increase in the value of an asset…
Q: As of April
A: Concept of Accounting EquationThe accounting equation is a fundamental principle in accounting that…
Q: Determine the amount of cash received from customers on these general accounting question
A: Step 1: Define Cash Received from CustomersCash Received from Customers refers to the total cash…
Q: Sub. General accounting
A: Step 1: Definition of Days in InventoryDays in inventory (or inventory days) measures the average…
Q: $81000 of manufacturing overhead applied the direct labor cost on the job was
A: Explanation of Direct Labor Cost:Direct Labor Cost refers to the wages, salaries, and benefits paid…
Q: Goods inventory for January
A: Concept of Cost of Goods Manufactured (COGM)The Cost of Goods Manufactured (COGM) refers to the…
Q: What is the denominator in computing the annual rate of return on these financial accounting…
A: Step 1: Definition of the Denominator in the Annual Rate of Return The Annual Rate of Return (ARR)…
Q: financial accounting
A: Step 1: Definition of Stockholders' EquityStockholders' equity represents the residual interest in a…
Q: Provide answer general accounting question
A: Step 1: Definition of Capital GainA capital gain occurs when a capital asset, such as stocks, land,…
Q: Hello tutor solve this question is accounting
A: Step 1: Definition of Recognized Gain and Basis of New EquipmentWhen an exchange of business…
Q: Irving Manufacturing applies manufacturing overhead to jobs based on machine hours used. Overhead…
A: Step 1: Budgeted overhead rate Basis: Machine hours Budgeted overhead rate = Expected overhead…
Q: hello teacher please solve questions
A: Step 1: Definition of Manufacturing Overhead RateManufacturing overhead rate is a value that is used…
Q: Abc
A: 1. Calculate Total Fixed Costs:Total Fixed Costs = Fixed Costs + DepreciationTotal Fixed Costs =…
Q: What was sales revenue for the year?
A: Explanation of Assets: Assets are economic resources owned by a company that have value and can…
Q: Financial Accounting
A: Concept of Accrual AccountingAccrual accounting is a method of recording financial transactions when…
Q: General Account
A: Step 1: Definition of Gross ProfitGross profit is the amount a company earns from its core business…
Q: Lattimer enterprises reported the following information for the year please answer the general…
A: Step 1: Definition of the Indirect Method for Cash Flow CalculationThe Indirect Method is a…
Q: Correct answer with accounting
A: Step 1: Definition of Coupon RateThe coupon rate is the annual interest paid by a bond as a…
Q: Market rule?
A: Explanation of FIFO Method:The First-In, First-Out (FIFO) method is an inventory valuation approach…
Q: Please solve this problem
A: Step 1: Define Sales ReturnOne of the deductions from the sales revenue is the sales return because…
Q: answer plz
A: Step 1: Definition of OverheadsOverheads are indirect expenses disbursed during an organization's…
Q: Can you please answer the general accounting question?
A: Step 1: Define Variable Cost RateThe variable cost rate (variable cost per unit) is the cost…
Q: Financial Accounting
A: Concept of Price-Sales RatioThe price-sales ratio (P/S ratio) is a financial metric that compares a…
Q: Financial Accounting problem
A: Concept of Business Combination:A business combination occurs when one company acquires control over…
Q: can you please solve this
A: We have given, For activity level of 8500 machine hours for a month Variable cost = $700,000Fixed…
Q: If the contribution margin ratio for Vera Company is 28%, sales were $1,135,000, and fixed costs…
A: Step 1: Find the contribution margin.= sales x contribution margin ratio= $1,135,000 x 28%= $317,800…
Q: expert of general account answer
A: Step 1: Definition of Gross ProfitGross Profit is the amount a company earns from selling goods…
According expert need your help general Accounting question
Step by step
Solved in 2 steps
- Bright Force Inc. produces and sells lighting fixtures. An entry light has a total cost of $90 per unit, of which $50 is product cost and $40 is selling and administrative expenses. In addition, the total cost of $90 is made up of $55 variable cost and $35 fixed cost. The desired profit is $20 per unit. Determine the markup percentage on product cost. Round the answer to nearest whole number.Bright Force Inc. produces and sells lightning fixtures. An entry light has a total cost of $90 per unit, of which $50 is product cost and $40 is selling and administrative expenses. In addition, the total cost of $90 is made up of $55 variable cost and $35 fixed cost. The desired profit is $20 per unit. Determine the markup percentage on product cost.Crescent Lighting Inc. produces and sells lighting fixtures. An entry light has a total cost of $66 per unit, of which $33 is product cost and $33 is selling and administrative expenses. In addition, the total cost of $66 is made up of $45 variable cost and $21 fixed cost. The desired profit is $12 per unit. Determine the markup percentage on product cost. Round the answer to nearest whole number.
- A company sells mulch by the cubic yard. Grade A much sells for $150 per cubic yard and has variable costs of $65 per cubic yard. The company has fixed expenses of $15,000 per month. In August, the company sold 240 cubic yards of Grade A mulch. A. Calculate the contribution margin per unit for Grade A mulch.Nani Lighting Inc. produces and sells lighting fixtures. An entry light has a total cost of $125 per unit, of which $80 is product cost and $45 is selling and administrative expenses. In addition, the total cost of $125 is made up of $90 variable cost and $35 fixed cost. The desired profit is $55 per unit. Determine the markup percentage on product cost to above financial accounting problem.ABD's Breads produces loaves of bread, which sell for $6.00 each. During the current month, ABD produced 3,500 loaves of bread, but only sold 3,200 loaves. The variable cost per loaf was $2.50. Total fixed manufacturing costs were $2,100 and total fixed marketing and administrative costs were $1,500. What is the product cost per loaf under absorption costing?
- Given the following cost and activity observations for Bounty Company's utilities, use the high-low method to calculate Bounty' variable utilities costs per machine hour. Round your answer to the nearest cent. March April May June Cost $3,100 2,700 2,900 3,600 Machine Hours 15.000 10,000 12,000 18,000What is the product cost per loaf?what is the contribution margin per unit
- Gardner Company sells a product for $65 per unit. Variable costs are $30 per unit, and fixed costs are $1,200 per month. The company expects to sell 610 units in September. Calculate the contribution margin per unit, in total, and as a ratio. Calculate the contribution margin per unit. Select the formula labels and then enter the amounts to compute the contribution margin per unit. _______________ -. ____________ = Contribution margin per unitMukhiWildhorse Company produces desk lamps. The information for June indicated that the selling price was $25 per unit, variable costs were $15 per unit, and fixed costs totaled $7320. Wildhorse currently sells 1342 lamps and earns $6100 of profit. How much is Wildhorse’s margin of safety in dollars?