Question: In 2009, Voest Inc.'s income under absorption costing was $15,000 higher than its income under variable costing. During the year, the company produced 20,000 units. If total variable production costs were $80,000 and fixed manufacturing overhead was $40,000, how many units did the company sell in 2009?
Q: Garrett Hudson earned $895 this week. The deductions from his pay were as follows: FIT $74.00…
A: Step 1: Calculate Hudson's Disposable EarningsDisposable earnings are what remains from an…
Q: Sell or Process Further Great Lakes Boat Company manufactures sailboat hulls at a cost of $4,200 per…
A: Step 1: Calculation of net cost (net) of processing further Sail boat manufacturing cost = Hull…
Q: Anderson Corporation has purchased a group of assets for $23,200. The assets and their relative fair…
A: Step 1: Determine the Total Value of the AssetsFirst, we add up the individual values of the land,…
Q: answer must be correct or i will give down vote
A:
Q: Fred McCarthy started his company, Cheapo Tours to take customers to the Grand Canyon from Las…
A: Detailed explanation:March 1Record increase in asset, cash, by debit Cash $ 10,000Record increase in…
Q: and Lucy are married, ages 33 and 32, and together have AGI of $120,000 in 2021. They have four…
A: Step 1: Calculate Total Medical ExpensesAdd up all the medical expenses they paid in 2021:Doctor,…
Q: Need help with this question
A: If you have any problem let me know in comment box.
Q: Julio produces two types of calculators, standard and deluxe. The company is currently using a…
A: Solution:Required 1: Calculate the overhead assigned to each product using the traditional cost…
Q: TCB Inc. prepared the following sales budget: October November December January February Month Cash…
A: Step 1: Calculation of the budgeted total cash receipts for the December cash budget. Amount ($)Cash…
Q: Calculate 2019 debt interest based on the information below. Opening Debt Balance Additions…
A: In 2018, the company began the year with an opening debt balance of $25,000. Throughout 2018, no…
Q: urse Write the double entries for the following transactions on an Excel Sheet. Once completed, save…
A: Step 1:Investment by the Owner: Debit cash account with $5,000 for the cash received from the…
Q: Waterway Company is considering three long-term capital investment proposals. Each investment has a…
A: To compute the cash payback period for each project, we need to determine how long it will take for…
Q: Provide solution this question
A: The variable manufacturing overhead cost per unit is given by: ( Manufacturing overhead cost for the…
Q: Need help with this Question with explanation provide proper solution don't Provide Ai Generated…
A: Question : 1 Step 1 : Introduction to the Stockholders' Equity:As per the balance sheet equation,…
Q: An employee earned $62,500 during the year working for an employer. The FICA tax rate for Social…
A: Unemployment taxes are different from FICA taxes in that they are paid entirely by the employer and…
Q: None
A: The highest and lowest levels of activity.Highest units produced: 40,120 units (in November)Lowest…
Q: Statement of cash flows A summary of cash flows for A-One Travel Service for the year ended August…
A: Preparation of cash flow statement as follows:Resultant values:
Q: None
A: Step 1: Calculate the fixed manufacturing overhead cost per unitThe total fixed manufacturing…
Q: K The governmental funds of the City of Westchester report $576,500 in assets and $219,000 in…
A: The fund balance is divided into five categories: nonspendable, restricted, committed, assigned, and…
Q: es Sullivan's Island Company began operating a subsidiary in a foreign country on January 1, 2024,…
A: To solve this problem, we'll need to prepare the statement of cash flows in pounds and then convert…
Q: Below are three independent scenarios concerning the GST account balance and the effect on the…
A: To correctly insert the opening and closing balances into the three independent GST general ledger…
Q: not use ai please
A: Let's calculate the weighted cost of capital (WACC) using the provided information. The WACC is…
Q: None
A: Step 1: Calculate the amount of insurance proceeds received.Step 2: Determine the adjusted basis of…
Q: What is a good response to? A shareholder has a non-controlling interest in a company if the…
A: Calculating non-controlling interest (NCI) in a company's financial statements is essential for…
Q: None
A: We can explain further as follows;1. Statement of Cash Flows (Indirect Method)Operating…
Q: Use the information in the table below to answer the following questions. Windswept Woodworks,…
A: The formula for Return on Equity (ROE) is:ROE = Net Profit / EquityGiven that the net profit is…
Q: None
A: Step 1:Net Income will be calculated as Total revenue- Total Expenses in Income Statement. Income…
Q: Aberge Company's manufacturing overhead is 60% of its total conversion costs. If direct labor is…
A: Aberge Company's manufacturing overhead is 60% of its total conversion costs. We know the direct…
Q: None
A: To calculate the gross profit and operating income using absorption costing, we'll follow these…
Q: Need help with this Question
A: Computation of the total acquisition cost of the new building is as follows:Acquisition Cost of…
Q: not use ai please
A: To solve the problem of preparing a statement of cash flows using the indirect method, here's a…
Q: A deposit of Php 1, 000/month in a bank giving 6% interest compoundedmon thly for two years. He…
A: The future value of a series of monthly deposits can be calculated using the future value of an…
Q: Information: THIRSK COMPUTER TRADERS PRE-ADJUSTMENT TRIAL BALANCE ON 28 FEBRUARY 20.4 Statement of…
A: Answer information:Step 1:In order to prepare Thirsk Computer Traders' financial accounts for the…
Q: Question 14 of 15. Lorissa placed a rental in service on January 4, 2021. Her basis is $200,000 for…
A: We calculate the total amount of depreciation Lorissa will claim for 2022 by considering both the…
Q: How long will it take an RRSP to grow to $385,000 if it takes in month-end contribution of $1,850…
A:
Q: Hello tutor please answer provide
A: Explanation: Step 1:Cash flow to creditors = Interest paid - Net new borrowingsCash flow to…
Q: Provide correct solution
A:
Q: In our reading this week, we covered the topic of Activity Based Costing. Over the decades,…
A: Activity-Based Costing (ABC) is a costing method that identifies activities in an organization and…
Q: None
A: First, we need to calculate the accumulated depreciation for financial reporting purposes. The…
Q: The requirements of a 'provision' or a 'contingent liability in compliance with MFRS137
A: To explain the requirements of a provision or a contingent liability in compliance with MFRS 137, I…
Q: None
A: Step 1: Introduction to the Compensating BalanceCompensating balance refers to the least amount that…
Q: ?
A: 1. Journalizing the Transactions for Careful Driving School, Inc. March 4: Issued 22,000 shares of…
Q: The Valley Voice is a local newspaper that is published Monday through Friday. It sells 92,000…
A: Cost Analysis and ExplanationCurrent System Costs:1. Driver SalariesCalculation: 102 drivers ×…
Q: In public health, we often struggle for funding. Understanding which health challenges are…
A: The challenges of Clark County's demographics and health care systemAs for the demographics:There is…
Q: Stevie's Scooters plans to sell a standard scooter for $600 and a chrome scooter for $850. Stevie's…
A:
Q: Whatever demanders want in a product in a quantitative sense
A: In economics, the quantity demanded refers to the total amount of a specific good or service that…
Q: Barlow Company manufactures three products-A, B, and C. The selling price, variable costs, and…
A: 1. Computation of the contribution margin per pound of the constrained resource: First, compute the…
Q: Needed help
A: To find Dolphin Company's cost of goods sold (COGS), we need to follow these steps:Calculate the…
Q: The Clark County Sheriff's Department schedules police officers for 8-hour shifts. The beginning…
A: Given the information:Time of DayMinimum Officers on Duty8:00 a.m.-noon5Noon-4:00 p.m. 64:00…
Q: I need typing clear urjent no chatgpt use i will give 5 upvotes full explanation
A: TrueSound transmission can occur through air, solid, and liquid mediums. Sound Transmission through…
Need help please
Step by step
Solved in 2 steps
- Provide answer this accounting questionNoneDuring 2022, Bridgeport Corp. produced 45,100 units and sold 36,080 for $14.00 per unit. Variable manufacturing costs were $4.00 per unit. Annual fixed manufacturing overhead was $108,240. Variable selling and administrative costs were $3.00 per unit sold, and fixed selling and administrative expenses were $19,900. (a) Prepare an absorption-costing income statement. (b) Your answer is correct. 4 Sales Cost of goods sold Beginning inventory Add ✓ Costs of goods manufactured Goods available for sale Less Ending inventory Gross margin Less Selling and administrative expenses Operating income eTextbook and Media Bridgeport Corp. Income Statement-Absorption Costing For the Year Ended December 31, 2022 Variable costing operating income $ Absorption costing operating income Fixed manufacturing overhead costs deferred in ending inventory $ $ 288640 i 288640 0 57728 i 505120 230912 i 274208 Reconcile the difference between the net income under variable costing and the net income under…
- For 2013, Harper Company sold 86,000 units at a selling price of $23 per unit. Variable cost per unit was $15, and Harper's net income for the year was $46,000. What was the amount of Harper's fixed costs? Multiple Choice $1,932,000 $642,000 $688,000 $1,058,000What is the unit variable cost on these general accounting question?Last month the Blank Inc. had sales of 5,000 units sold for P40 each. The total variable expenses were P120,000, and fixed costs were P65,000. Required: a. What is the company’s contribution margin (CM) ratio? b. Estimate the change in the company’s net operating income if it were to increase its total sales by P8,000.
- Sphrantzes Company recently sold 175 units at a price of $650 per unit. During the same time the company reported total variable costs of $85,575 and net income of $13,975. If the company's price per unit were decreased by $35, its volume increased by 20 units and its fixed costs increased by $1,000, what would be the company's projected net income?During 2022, Sheridan Corp. produced 38,000 units and sold 38,000 for $14 per unit. Variable manufacturing costs were $4 per unit. Annual fixed manufacturing overhead was $76,000 ($2 per unit). Variable selling and administrative costs were $2 per unit sold, and fixed selling and administrative expenses were $18,000. Prepare a variable-costing income statement. Sales Less Variable cost of goods sold SheridanCorp. Income Statement-Variable Costing For the Month Ended December 31, 2022 LA tA 76000In the last reporting period, Global Tech Company recorded 140,000 units sold for the first time in the history of the company. The price per unit was $85.63 and variable costs per unit at $35.07. Compute the contribution margin. Next, compute the fixed costs if the operating income is $3,810,000. OA. $4,909,800; $4,528,800 OB. $7,078,400; $3,268,400 OC. $4,909,800; $5,290,800 OD. $11,988,200; $11,607,200
- Rede Inc. manufactures a single product. Variable costing net operating income was $63,800 last year and its inventory decreased by 300 units. Fixed manufacturing overhead cost was $4 per unit for both units in beginning and in ending inventory. What was the absorption costing net operating income last year? (Financial Account)The X Corp income statement resembles the following after 35,000 units were sold in 2020. Sales = $420,000 / $12 per unit Variable = $192,500 / $5.5 per unit Contribution Margin = $227,500 / $6.5 per unit Fixed Expense $110,000 Net Op Income $117,500 A. What is X Corp. breakeven point in units and dollars? B. What is X Corp. margin of safety in %, units, and dollars?KidsPlay, Inc., manufactures and sells table sets. In 2016, it reported the following: Units produced and sold 3,000 Investment $3,000,000 Markup percentage on full cost 10% Rate of return on investment 15% Variable cost per unit $600 Q. What was KidsPlay’s operating income in 2016? What was the full cost per unit? What was the selling price? What was the percentage markup on variable cost to achieve the selling price? What are the total fixed costs?