Qantas Industries has fixed costs of $250,000 and profit of $125,000. What is its degree of operating leverage? a. 1.5 b. 3 c. 2 d. 2.5 Accounting problem

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A: Step 1: Definition of Prime CostsPrime costs are the direct costs incurred in the production of…

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A: Step 1: Definition of Equivalent Units (Weighted-Average Method)Equivalent units are the number of…

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A: To calculate the applied overhead based on direct labor hours, follow these steps:Step 1: Calculate…

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A: To determine the cost of the manufacturing facility, Delta Industries should record the acquisition…

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A: Step 1: Define Standard Hours AllowedStandard Hours Allowed refers to the total number of labor…

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Q: TopLine Products has a budget with sales of 12,500 units and $5,200,000. Variable costs are budgeted…

A: To calculate the budgeted manufacturing cost per unit, you need to consider both the variable costs…

Q: Morgan & Co. sells a single product. Its annual revenue is $1,500,000 and profit is $80,000. Fixed…

A: Operating Leverage Calculation:Operating Leverage = Contribution Margin ÷ Net ProfitFind…

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A: Step 1: Definition of Acquisition CostThe acquisition cost of an asset is the total amount paid to…

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A: Step 1: Definition of Over- or Under-Applied OverheadOver- or under-applied overhead refers to the…

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A: To determine the amount the company reported for sales allowances, we use the formula for net…

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A: To determine the finance charge on Jennifer's loan, we need to calculate the total amount she will…

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A: Step 1: Definition of Direct Labor Cost VarianceDirect labor cost variance is the difference between…

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A: To determine the net carrying value of Targex Corp.'s inventory at year-end using the…

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A: Step 1: Definition of Cost of Goods Sold (COGS)Cost of Goods Sold (COGS) is the direct cost…

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A: Explanation of Contribution Margin:Contribution margin is the amount remaining from sales revenue…

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A: Step 1: Definition of High-Low MethodThe High-Low method is a cost estimation technique used to…

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A: We have given, Beginning direct materials inventory = $30,000Direct materials purchased on account =…

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A: Step 1: Definition of High-Low MethodThe High-Low Method is a cost estimation technique used to…

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A: Concept of Net Income:Net income represents the profit a company earns after all expenses, taxes,…

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A: Step 1: Define Days' Sales UncollectedThe Days' Sales Uncollected (also called Average Collection…

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A: Step 1: Definition of Total Dollar Amount Cleared on InvestmentThe total dollar amount cleared on an…

Q: Clearbrook Inc.'s fixed monthly expenses are $28,000 and its contribution margin ratio is 60%.…

A: To estimate the company's net operating income (NOI), we can use the following formula: Net…

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A: Given:Net income (Net profit after taxes) = $120,000Equity = $800,000 Formula:ROE = Net income /…

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A: To determine the predetermined overhead rate based on units produced, we use the…

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A: Step 1: Definition of Net Realizable Value (NRV) Net Realizable Value represents the net amount of…

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A: To determine the Cost of Goods Sold after proration, follow these steps:Step 1: Calculate the…

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A: To find the new EPS after the share repurchase, I'll calculate how the EPS changes when the number…

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A: Step 1: Definition of Equivalent Units (Weighted-Average Method)Equivalent units measure the amount…

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A: Step 1: Define Excess of Purchase Price Over Book ValueThe excess of the purchase price over book…

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A: Step 1: Definition of Cost of Goods Manufactured (COGM)Cost of Goods Manufactured (COGM) refers to…

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A: Concept of High-Low Method:The high-low method is a cost estimation technique used to separate mixed…

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A: Step 1: Definition of Return on Common Stockholders' Equity (ROE)Return on Common Stockholders'…

Q: What is the total cost of work in process for the year?

A: Concept of Beginning Work in Process Inventory:Beginning Work in Process (WIP) Inventory refers to…

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A: Direct labor cost variance = (Standard rate - Actual rate) x Actual hours workedDirect labor cost…

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A: To calculate the semiannual interest payment for the bonds:1. Key Details:  - Face value (par value)…

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A: Gross profit is calculated as: Gross Profit = (Gross Profit Percentage / 100) × Sales Since the…

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A: 1. Calculate the Capital Gain:Capital Gain = Market Value - Book Value = $10,000 - $4,000 = $6,0002.…

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A: Compute the variable manufacturing cost per unit using the high-low method.Variable manufacturing…

Q: Direct materials: 22300, direct labor: 27800

A: Explanation of Direct Materials Used: Direct materials used represents the cost of raw materials and…

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A: To determine the excess of the purchase price over book value, follow these steps:Step 1: Compute…

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A: Step 1: Definition of Coupon Interest PaymentA coupon interest payment is the periodic interest…

Q: Accounts receivable: 67000, cost of goods sold: 295000

A: Explanation of Gross Profit: Gross profit represents the profit a company makes after deducting the…

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A: Given:Beta = 1.22Risk-free rate = 4.7%Market return = 12.2% Formula:Expected return on assets =…