Sales are $1,000,000 for a product with a variable cost per unit of $6 and a sales price of $20. If fixed costs are $250,000, what is the contribution margin?
Q: Can you please give me correct answer the accounting question?
A: Computation:Equity Investment Balance = (Purchase Price + Cumulative Net Income - Cumulative…
Q: Which of the following approaches to determine bad debts expense best achieves the matching concept?…
A: The matching concept in accounting is a fundamental principle that dictates that companies report…
Q: account margin requirement
A: Gross margin is the portion of sales revenue left over after subtracting a company's direct costs or…
Q: FINANCIAL ACCOUNTING- MILFORD INC. HAS A DEBT-TO-EQUITY RATIO OF 0.80. IT HAS TOTAL SHAREHOLDERS'…
A: Explanation of Debt-to-Equity Ratio:The debt-to-equity ratio measures the proportion of a company's…
Q: The Jupiter Corporation has a gross profit of $700,000 and $240,000 in depreciation expense. The…
A: Step 1: Formula for Cash FlowCash flow can be calculated as: Cash Flow=Net…
Q: On September 1, 2024, a company decides to lease office space in a building. The building's owner…
A: Step 1: See above Answer. Step 2: Step 3: Step 4:
Q: Units
A: CalculationsTo solve the problem of finding the break-even number of units for Cool Electronics, we…
Q: . Further information on the activities of the Juice industry in 2023 is providedin table 2.1 below…
A: Hope this helps.
Q: 2) On December 1, 20X1, Rone Imports, a U.S. company, purchased clocks from Switzerland for 15,000…
A: If you have any clarifications (i.e., expand the explanation) or want different, expanded, or…
Q: Please give me answer
A: Step 1: Define Contribution Margin AnalysisIn the context of accounting, the contribution margin…
Q: PT
A: To solve this problem, we need to calculate the allocation of the total annual cost of housekeeping…
Q: P8.5 (LO 2) Writing (Lower-of-Cost-or-Market) Fiedler Co. follows the practice of valuing its…
A: Explanations in answering the questiona)Determine the Lower-of-Cost-or-Market (LCM).Here are the…
Q: Financial Accounting
A: Explanation: The time taken by an entity to convert its resources into cash is known as cash…
Q: find out solutions
A: Detailed SolutionTo calculate the overall margin for the Strobl wedding cake, we need to:Determine…
Q: Financial Accounting
A: Step 1: Define Accounts Receivable Days OutstandingThe accounts receivable days outstanding (or days…
Q: accounting
A: Explanation of Break-even Point: Break-even point is the level of sales where total revenues equal…
Q: Vvvvvvvv
A: Step 1: Identify Deductible Costs Categorize each cost to determine how it can be deducted:…
Q: What are two detailed examples of how data analytics aides management in developing annual budgets…
A: Data analytics has revolutionized the budgeting process by allowing management to make informed,…
Q: Please Need Answer of this Question
A: STEPS: 1. Calculate the Net Sales Price• Net Sales Price = Sale Price - Broker Commission 2.…
Q: Calculate
A: FEEL FREE TO ASK FOR CLARIFICATIONS.
Q: You are considering hiring another employee. The market rate for the employee is a $35,000 salary.…
A: To calculate the after-tax cost of hiring the employee, we consider that the salary of $35,000 is a…
Q: (54) The following are payroll tax data related to the employees of a company: Federal Unemployment…
A: Payroll taxes are taxes that employers are required to pay when they pay their employees. These…
Q: ?
A: Explanation of Ceiling Test: The ceiling test is a crucial accounting concept in defined benefit…
Q: General Accounting
A: Step 1: Definition of Cost Estimation:Cost estimation helps businesses create budgets and financial…
Q: solve this account subject question
A: Step 1: Calculate Cost of Goods Sold (COGS)• Beginning Inventory + Purchases - Ending InventoryStep…
Q: The draft trial balance of Regent Ltd as at 31 May 20X9 agreed. The business proceeded with the…
A: To correct the first error, we need to record the bank charges of £266 that were omitted from the…
Q: Need help with this accounting question
A: Step 1: Define Interest revenueIt is the income for the company which is earned from making…
Q: Assignment
A: Explanation of Hyperinflationary Financial Statements:Hyperinflationary financial statements refer…
Q: Don't want AI answer
A: 1. Direct materials cost: * Already given: $4,200 2. Direct labor cost: * Labor-hours: 95 hours *…
Q: Provide solution
A: Explanation of Beginning Inventory:Beginning inventory is the value of goods that a company has in…
Q: Hello tutor provide solution this general accounting question
A: Step 1:Prepaid expenses are those expenses that have not been incurred yet but advance payment made…
Q: Logistics Solutions maintains warehouses that stock items carried by its dot.com clients. When a…
A: • Actual Hours for shipping 115,000 items (AH)= 3,800 direct labor hour• Actual Variable Overhead…
Q: Adjustments and additional information 1. Inventories, cost price R6 000, were donated to a local…
A: Adjustments:1. Inventory Donation:Deduct R6,000 from Trading Inventory.Record it as a donation…
Q: Print References Pension data for David Emerson Enterprises include the following: Discount rate,…
A: Step 1: Determine the general formula for computing the ending projected benefit obligation…
Q: None
A: Detailed explanation: Purchases Cost of Goods Sold Inventory Balance # of…
Q: choose right one
A: Step 1: Formula for Gross Margin PercentageThe gross margin percentage indicates how much of each…
Q: Get correct answer accounting
A: Step 1: Define Net IncomeNet income is the firm's after-tax earnings, which will be available for…
Q: account inventry
A: Step 1: Given DataSemitrailer sold: Semitrailer 3Selling price: $86,000Inventory costs:Semitrailer…
Q: please post in general account
A: To determine how much Dilly LLC must charge per unit to make a profit of $30,000, we can use the…
Q: Anka, Inc. provided the following data for 2016 and 2017: Inventory December 31, 2015 $404,800…
A: Step 1:Calculate Average Inventory for each yearStep 2:Calculate Inventory Turnover Ratio for each…
Q: Financial Accounting
A: Step 1: Define Financial AnalysisExpressing financial statement items as a percentage of a base-year…
Q: Can you please solve these general accounting question? Don't use ai
A: Step 1: Define Earning Per ShareEarnings per share show the amount of profit earned by each share of…
Q: Don't use AI
A: Computations Part 1: Calculate Operating Cash Flow (OCF)Operating Cash Flow (OCF) is calculated…
Q: u.5
A: Step 1:1. The product margin of B-300 and T-500 using the traditional costing system is calculated…
Q: The Walstore Shoe Market had $1871000 of shoe sales and its cost for these shoes was $685000. In…
A: Step 1: Definition of Taxable IncomeTaxable income is the portion of a business's total income that…
Q: At the end of killo co.'s first year of operations,
A: Step 1: Define Absorption CostingAbsorption costing allocates fixed manufacturing overhead costs to…
Q: Answer
A: Explanation: In the given case, we are required to calculate the amount of raw material used during…
Q: Sub. Account
A: We need to calculate two metrics for both 2016 and 2017: 1. Inventory Turnover Ratio (ITR): Measures…
Q: Need help
A: Concept of Conservatism in Accounting1. Definition:Conservatism is an accounting principle that…
Q: 5 Any goods in transit which are shipped FOB shipping point should be included Select one: a. in…
A: a. In no one's inventory until they arrive at their destination.Incorrect: Depending on the…
I need answer
Step by step
Solved in 2 steps
- A company would like to determine various costs and points to aid them in deciding whether to expand or not. If you are given the following information, compute the required amounts and / or figures.Selling price / unit = P100 Variable cost / unit = P70Annual fixed cost = P500,000 Compute 5. Sales in units to earn a profit of 10% of sales.If the unit selling price is P16, the unit variable cost is P12, and fixed costs are P160,000, how many units of sales would be required to realize operating income of P20,000?1) What level of output would generate a profit of $15,000 if a product sells for $24.99, has unit variable costs of $9.99, and total fixed costs of $55,005?
- Please help me with show all Calculation thankuIf fixed costs are $1,226,000, the unit selling price is $220, and the unit variable costs are $100, what is the break-even sales (units) if fixed costs are increased by $30,100?You are required to (i)Determine profit, when sales =200,000 Fixed cost=40,000 BEP=160,000 (ii)Determine sales, when fixed cost=20,000 Profit=10,000 BEP=40,000
- The BEP is 5000 units, the price per unit is P60 and the variable cost per unit is P20. What is the fixed cost? Select one: a. P100,000 b. P400,000 c. P200,000 d. P300,000Currently, the unit selling price of a product is $390, the unit variable cost is $320, and the total fixed costs are $1,008,000. A proposal is being evaluated to increase the unit selling price to $440. a. Compute the current break-even sales (units). units b. Compute the anticipated break-even sales (units), assuming that the unit selling price is increased and all costs remain constant. unitsIf fixed costs are $235,000, the unit selling price is $125, and the unit variable costs are $75, what is the break-even sales (units)?
- Find out BEP in units and value with the following data:Fixed cost - $50000Variable cost - $40 per unitSelling Price - $80 per unitCalculate:1) What will be the profit when the sales is $1000002) What will be the amount of sales if it desires to earn a profit of $150001. Calculate the per-unit contribution margin of a product that has a sale price of $200 if the variable costs per unit are $65. PLEASE NOTE: The per-unit Contribution Margin will be rounded in whole dollars and shown with "$" and commas as needed (i.e. $12,345). A product has a sales price of $150 and a per-unit contribution margin of $50. What is the contribution margin ratio? PLEASE NOTE: The Contribution Margin Ratio will be shown as a percentage, shown with "%" and rounded to three decimal places (i.e. 12.3%).A firm will produce either product A or B. The total costs (TC) for both products can be estimated by the equations Product A: TC = $300,000 + ($23 x Sales volume) Product B: TC = $100,000 + ($29 x Sales volume) The firm believes there is a 20% chance for the sales volume of each product to equal 10,000 units and an 80% chance they will both equal 20,000 units. The selling price of product A is $42, and the selling price of product B is $40. The expected profit from producing product B equals a. $680,000 b. $390,000 c. $98,000 d. $120,000
