Sales commissions are $6,000 when 1,500 units are sold and $12,000 when 3,000 units are sold. Using the high-low method, what is the variable portion of sales salaries and commissions?
Q: Question: If the contribution margin ratio for Bhutan Company is 45%, sales were $425,000, and fixed…
A: Step 1: DefinitionsConcept of Contribution Margin RatioThe Contribution Margin Ratio (CMR)…
Q: can you help me with General accounting question
A: Step 1: Define Maturity ValueMaturity value refers to the total amount that must be paid at the end…
Q: General Accounting
A: Step 1: Definition of Variable Cost and Fixed CostVariable cost per unit refers to costs that change…
Q: what is the sustainable growth rate? accounting question
A: Retention ratio = 1 - Payout ratioRetention ratio = 1-0.30Retention ratio = 0.70 Return on Equity…
Q: Don't want wrong answer
A: Concept of Total Units ManufacturedTotal Units Manufactured refers to the total number of units…
Q: Quick answer of this accounting questions
A: Step 1: Definition of Break-even Point The break-even point is the level of sales at which total…
Q: Kenichi Industries had $420 million in sales last year and $310 million in fixed assets that were…
A: Kenichi Industries had $420 million in sales last year while utilizing only 70% of its $310 million…
Q: On 17-Feb of year 1, Javier purchased a building, including the land it was on, to assemble his new…
A: Explanation:Building Basis: $1,007,500 (nonresidential real property).MACRS Method: Straight-line…
Q: Financial Accounting Question get correct answer
A: Step 1: Definition of Cash Conversion CycleThe cash conversion cycle (CCC) is the time required for…
Q: Determine the gross margin of this financial accounting question
A: Step 1: Definition of Gross MarginGross Margin is the difference between Net Sales Revenue and Cost…
Q: Sam prepared a draft statement of profit or loss for the business as follows: $ $ Sales 256,800…
A: Before we start, let's understand the terms used here. 'Carriage in' refers to the cost of…
Q: test test 123
A: Certainly! Let's explore a couple of probability problems with step-by-step solutions to enhance…
Q: Financial Accounting
A: Step 1: Define Initial InvestmentInitial investment refers to the amount of capital that…
Q: Help me with this
A: Concept of Loan Amount (Principal)The loan amount (principal) refers to the initial sum of money…
Q: On 1 January 2021, a machine was bought at a cost of $33,000. The machine is to be depreciated at…
A: Step 1: DefinitionsConcept of Reducing Balance DepreciationReducing Balance Depreciation is a method…
Q: Please need answer the general accounting question
A: Step 1: Analysis of information givenCost of Goods Sold = $320,000Sales Returns and Allowances =…
Q: financial accounting
A: Step 1: Definition of Incremental RevenueIncremental revenue is the additional revenue generated…
Q: Manufacturing overhead budget
A: Explanation of Manufacturing Overhead:Manufacturing overhead refers to the indirect costs incurred…
Q: Critically evaluate the strengths and limitations of the Capital Asset Pricing Model.
A: The Capital Asset Pricing Model (CAPM) is a widely used financial model that determines an asset's…
Q: Can you please help me by providing clear neat organized answers. Thank you!
A: Explanation: In the given case, we are required to calculate current ratio for the given dates using…
Q: What is the amount of gain or loss recorded on the sale of this equipment?? Accounting
A: Step 1: Definition of Gain or Loss on Sale of EquipmentThe gain or loss on sale of equipment is the…
Q: I need answer this financial accounting question
A: Step 1: Define ROA and ROEReturn on Assets (ROA): ROA measures how efficiently a company uses its…
Q: Andretti Company has a single product called a Dak. The company normally produces and sells 60,000…
A: In this scenario, the relevant costs are the costs that will be incurred if the Daks are sold. These…
Q: What is the overhead allocation rate?
A: Explanation of Overhead Application Rate: Overhead application rate represents the percentage or…
Q: What is the total fixed cost when nothing is produced?
A: TFC=Fixed Cost per Unit× Number of UnitsFrom the given data:When 30,000 units are produced, the…
Q: Kingston Enterprises sells a single product. Its annual revenue is $1,400,000, and profit is…
A: Solution ExplanationWe are given the following information for Kingston Enterprises:Annual Revenue R…
Q: End-of-year information for ABC Production Co. is as follows: Beginning raw materials inventory:…
A: Step 1: Definition of Cost of Goods Manufactured (COGM)Cost of Goods Manufactured (COGM) is the…
Q: Get correct answer general accounting question
A: Step 1: Definition of Net Income Calculation Net income is calculated by adjusting operating income…
Q: please solve this Question
A: Step 1: Gross Profit is the amount left after paying cost of goods sold from sales revenue. Gross…
Q: General Accounting
A: Step 1: Definition of Gross Profit MethodThe Gross Profit Method is an inventory estimation…
Q: Whispering Winds Corp.'s trial balance at the end of its first month of operations reported the…
A: In a trial balance, accounts are classified into debit and credit. In this case, the credit accounts…
Q: Timberline Services Company, a division of a major energy company, provides various services to the…
A: To calculate the margin, we use the following formula:Margin=SalesNet Operating…
Q: Sterling Corporation uses direct labor hours in its predetermined overhead rate. At the beginning of…
A: Calculation of Predetermined Overhead RatePredetermined Overhead Rate = Estimated Manufacturing…
Q: What is its operating return on Assets?
A: The Operating Return on Assets (OROA) measures how efficiently a company generates operating profit…
Q: Do fast answer of this accounting questions
A: Step 1: Definition of Common Fixed Expenses Common fixed expenses are costs that are not directly…
Q: Do fast answer of this question general accounting
A: Step 1: DefinitionsAccounting Equation: A fundamental concept in accounting that ensures a company's…
Q: Calculate the firm's annual cash flows associated with the new project ? General accounting
A: Step 1: Definition of Annual Cash FlowAnnual cash flow refers to the net cash inflow generated by a…
Q: 1. Provide a brief history of the tax system in Jamaica, highlighting the different types of taxes…
A: 1. Brief History of the Tax System in JamaicaThe Jamaican taxation system has, since 1962 when the…
Q: The unadjusted trial balance for Blue Spruce Corp. appears as follows: Blue Spruce Corp. Trial…
A: Prepaid insurance is the portion of an insurance premium that a company has paid in advance but…
Q: Equipment costing $15200 is purchased by paying $3800 cash and signing a note payable for the…
A: The company is purchasing equipment worth $15200. It is paying $3800 in cash and the remaining…
Q: What is the contribution margin per unit and the contribution margin ratio of this financial…
A: Step 1: Definition of Contribution MarginContribution margin is the difference between the selling…
Q: Provide solution please
A: Introduction:The asset turnover ratio is a significant financial factor applied to determine the…
Q: HELP
A: To determine the impairment loss on goodwill, we follow these steps:Determine the Carrying Amount of…
Q: I want to correct answer general accounting question
A: Step 1: Definition of Free Cash Flow and Cash Flow Adequacy RatioFree Cash Flow (FCF) is the cash…
Q: Blockbuster Co is building a new state of the art Cineplex at a cost of $3,500,000. They received a…
A: If you have any clarifications (i.e., expand the explanation) or want different, expanded, or…
Q: Mercury Corp. has no debt outstanding and a total market value of $350,000. Earnings before interest…
A: To calculate the return on equity (ROE) under each economic scenario before any debt is issued, we…
Q: Can you please help me by providing clear neat organized answers. Thank you!
A: Given Data:Income from continuing operations = $464,000Unrealized loss on available-for-sale…
Q: find out solution for this question
A: Step 1: Definition of Cash BalanceThe cash balance refers to the amount of cash available in a…
Q: General accounting question
A: Step 1: Introduction to inventory valuationInventory valuation is referred to as that method which…
Q: Montclair Textiles uses the weighted average method for inventory costs and had the following…
A: Step 1: Definition of Units Transferred to Finished GoodsIn a weighted average process costing…
What is the salaries and commisions ??


Step by step
Solved in 2 steps

- Sales commissions are $6,000 when 1,500 units are sold and $12,000 when 3,000 units are sold. Using the high-low method, what is the variable portion of sales salaries and commissions? AnswerSales commissions are $6,000 when 1,500 units are sold and $12,000 when 3,000 units are sold. Using the high-low method, what is the variable portion of sales salaries and commissions?how can made calculation for this problem At a sales volume of 40,000 units, Choice Corporation's sales commissions (a cost that is variable with respect to sales volume) total $492,000. To the nearest whole dollar, what should be the total sales commissions at a sales volume of 39,100 units? (Assume that this sales volume is within the relevant range.)
- At a sales volume of 43,500 units, Choice Corporation's sales commissions (a cost that is variable with respect to sales volume) total $904,800. To the nearest whole cent, what should be the average sales commission per unit at a sales volume of 44,700 units? (Assume that this sales volume is within the relevant range.) Multiple Choice $20.80 $21.24 $22.45If the net operating income is $10,000, the gross margin is $40,000, and the cost of goods sold is $49,500, then the sales must be: Multiple Choice $99,500. $129,000. $89,500. $139,000.If marginal revenue is -0.006,r21 is expanded from 92 units to 145 units? Please round your answer to the nearest whole number. 1,213 and the cost per unit is 0.9, how much do profits increase by when output
- Jamison'srelevant range is sales of between$120,000 and $630,000. Prepare contribution margin income statements at sales levels of $230,000 and $400,000. (Hint: Use the contribution margin ratio.) Begin by preparing the contribution margin income statement at the $230,000 level. (Round the variable expense rate to the nearest whole percent. Enter losses with a minus sign or parentheses.)What must the sales be in dollars? In units?A certain company sells its product at (45 – 0.08x) pesos per unit. Variable cost per unit is P 25 while fixed cost is P 1,200. a. Find the break-even quantity and revenue b. Find the maximum point c. Find the profit at a sale of 120 units.
- The sales price for a product provides a gross profit of 20% of sales price. What is the gross profit as a percentage of cost? a. 17%. b. 20%. c. 25%. d. Not enough information is provided to determine.How do I solve this question?A company incurs sales commissions of $4,800 when 800 units are sold and $10,800 when 1,800 units are sold. Using the high-low method, what is the variable portion of sales salaries and commission? A. $0.60 per unit B. $6.00 per unit C. $60 per unit D. $600 per unit

