The following data relates to the mixed costs incurred by Stalin Corporation: Month Cost Units January $8,000 4,000 February $9,200 5,000 March $10,500 6,000 April $11,200 7,000 May $13,000 8,000 $12,500 7,500 June Using the high-low method, what is the total fixed cost?
Q: What is variable overhead efficiency variance?
A: Explanation of Variable Overhead Efficiency Variance: Variable overhead efficiency variance measures…
Q: What was net capital spending?
A: Net capital spending (NCS) is calculated using the following formula: NCS=Ending Net Fixed…
Q: Subject: Financial Accounting-The Banner Income Fund's average daily total assets were $100 million…
A: Provided Data:Average Daily Total Assets = $100,000,000Stock Purchases (Total Sales) =…
Q: Pablo Foods Ltd. acquires all the outstanding stock of Northern Harvest Inc. for $15 million. The…
A: Explanation of Goodwill: Goodwill represents the premium paid by an acquiring company over the fair…
Q: A truck costs $88,000 when new and has accumulated depreciation of $70,000. Suppose Falcon Hauling…
A: Calculation of Book Value of Old TruckBook Value of Old Truck = Cost of Old Truck - Accumulated…
Q: Answer this accounting question
A: Step 1: Introduction to closing entriesClosing entries are journal entries made at the end of an…
Q: BlueTech Corporation's balance sheet reports Assets of $8,400, Contributed Capital of $4,500, and…
A: Step 1: Definition of LiabilitiesLiabilities are the debts or obligations a company owes to external…
Q: 25. General Accounting Problem: The liabilities of Ula Company are $87,060. Also, common stock…
A: Provided Data:Liabilities = $87,060Common Stock = $145,800Dividends = $91,610Revenues =…
Q: Please provide answer this accounting question
A: Step 1: Define Overhead Application RateOverhead application rate is a predetermined rate used to…
Q: 5 POINT
A: Step 1: Compute Operating Cash Flow (OCF)Operating Cash Flow (OCF) is given by the formula:OCF= EBIT…
Q: MCQ
A: Step 1: Information givenBeginning Finished Goods Inventory (Jan 1): $40,000Ending Finished Goods…
Q: Solve this accounting problem please answer do fast
A: Question 1:Calculation of Price per sharePrice per share = Market Value / Shares Outstanding…
Q: Choose the correct option
A: Step 1:DdefinitionsCash Flow from Operating Activities:Cash flow from operating activities shows the…
Q: Please give me answer accounting
A: Step 1: Definition of Stockholders' EquityStockholders' Equity represents the residual interest in…
Q: Help
A: The net profit margin is a financial metric that measures how much of a company's revenue remains as…
Q: Financial statements are prepared from the balances in a(n) ________. A. Unadjusted trial…
A: Financial statements are prepared from the balances in an adjusted trial balance because it reflects…
Q: Hi teacher please provide for General accounting question answer do fast
A: Step 1: Definition of Interest Collected by BankInterest collected by the bank refers to the…
Q: General accounting
A: To calculate the Cost of Goods Sold (COGS), we use the following formula:COGS = Beginning Inventory…
Q: ???
A: A comparison between the entire liabilities of the pension plan and the actual assets set aside to…
Q: Can you please give me true answer this financial accounting question?
A: Step 1: Definition of Gross ProfitGross profit is the difference between a company's revenue from…
Q: Accounting MCQ 27
A: Strategic performance linkage should guide measurement when an organization needs to ensure that its…
Q: During its first year of operations, a company granted employees vacation privileges and pension…
A: Step 1: DefinitionsVacation Pay:Vacation Pay refers to compensation that employees earn for future…
Q: I want to this question answer for General accounting question not need ai solution
A: Step 1: Define Cost of Goods ManufacturedThe cost of goods manufactured represents the total…
Q: Not use ai solution please and accounting question
A: Step 1: Definition of Debt-to-Equity RatioDebt-to-Equity Ratio is a financial metric that compares a…
Q: Bobby Corp. had the following transactions during 2019: -Sales of $8820 on account. -Collected $3920…
A: To calculate Bobby Corp.'s 2019 net income using accrual accounting, we follow the Revenue -…
Q: Financial accounting
A: Step 1: Define Net SalesNet sales is the amount of revenue a company earns from its sales after…
Q: Please solve general accounting question and given step by step explanation for all steps
A: Step 1: Define Average Collection PeriodThe Average Collection Period (or Days' Sales in…
Q: What is company total equity? Question answer accounting
A: Step 1: Definition of Total EquityTotal equity represents the owner's interest in the assets of a…
Q: Accounting answer
A: Step 1: Definition of Total EquityTotal equity refers to the owner's or shareholders' claim on the…
Q: Help me
A: Step 1: Definition of Gross Income from Partnership DistributionsGross Income from a Partnership…
Q: Hello dear tutor please provide correct answer general accounting question without ai solution
A: Step 1: Define Maturity ValueMaturity Value is the total amount due on a debt instrument when it…
Q: What is the company cash conversion cycle?
A: Step 1: Definition of Cash Conversion CycleThe cash conversion cycle (CCC) is a measure of how long…
Q: What is the cost of equity on these financial accounting question?
A: To find the cost of equity, we can use two approaches: Dividend Discount Model (DDM): Cost of…
Q: The Ivam Department transferred 6,000 units to the finished goods storeroom for a month. There was…
A: Provided Data:Units transferred to finished goods = 6,000 unitsEnding Work in Process (WIP) = 800…
Q: What is the OCF for the project?
A: Answer: OCF=$1,521,000 per year
Q: Tamarisk Motor Company manufactures automobiles. During September 2025, the company purchased 6,000…
A: Given Data:Total headlamps purchased = 6,000Cost per lamp = $10Headlamps used for sales staff =…
Q: Can you help me with this general accounting question do fast
A: Step 1: Define Variable Costing and Absorption CostingVariable costing is a method in which only…
Q: Equipment with a cost of $1,912,000 has an estimated salvage value of $52,000 and an estimated life…
A: To calculate the depreciation using the units-of-activity method, follow these steps: 1. Calculate…
Q: Accounting 12
A: Concept of Contribution Margin:The contribution margin is the amount remaining from sales revenue…
Q: A business has $210,000 total liabilities. At start-up, the owners invested $500,000 in the…
A: Provided Data:Total Liabilities = $210,000Owner's Investment (Capital) = $500,000Cumulative Loss =…
Q: The non-government organization that researches and develops new accounting standards is the…
A: The Financial Accounting Standards Board (FASB) is an independent, non-governmental organization…
Q: provide step by step solution for general accounting
A: Step 1: Definition of Cash Paid for WagesCash paid for wages refers to the actual cash outflow a…
Q: Find out the flexible budget total for these costs is?
A: Step 1: Definitions Flexible Budget:Flexible Budget is a budget that adjusts based on actual…
Q: Help
A: let's look at the options:a) Process effectiveness indicators complement cost measuresThis is the…
Q: Step by step solution
A: To calculate the turnover (also known as asset turnover), we use the formula: Turnover = Sales /…
Q: need answer of this financial accounting question
A: Step 1: Definition of Applied Factory OverheadApplied factory overhead is the amount of overhead…
Q: D&P Corp. has current liabilities of $565,000, a quick ratio of 0.93, inventory turnover of 5.8,…
A: Given:Inventory Turnover = 5.8Quick Ratio = 0.93Current Ratio = 2.4Current Liabilities =…
Q: Solve this
A: Provided Data:Face Value of Bond = $1,000,000Unamortized Premium = $10,000Unamortized Issuance Cost…
Q: HELP
A: Provided Data:Original Cost of Printer = $95,000Accumulated Depreciation = $70,000Asset is discarded…
Q: No Ai solve step by step plz
A: Step 1: In order to get the Total Assets, we need to use the formula of Debt-equity ratio, and…
What is the total fixed cost?
Step by step
Solved in 2 steps
- The table shows cost, C (q), and revenue, R (q). What are the fixed costs? Fixed costs = i 9 R(q) C(q) 0 0 2500 3000 2500 5000 7500 10000 12500 15000 500 1000 1500 2000 6000 6500 7000 7500 9500 11500 14250Fill in the missing amounts in each of the eight case situations below. Each case is independent of the others. ( Hint: One way to find the missing amounts would be to prepare a contribution format income statement for each case, enter the known data, and then compute the missing items.)a. Assume that only one product is being sold in each of the four following case situations:Contribution Net OperatingUnits Variable Margin Fixed IncomeCase Sold Sales Expenses per Unit Expenses (Loss)1 .......... 15,000 $180,000 $120,000 ? $50,000 ?2 .......... ? $100,000 ? $10 $32,000 $8,0003 .......... 10,000 ? $70,000 $13 ? $12,0004 .......... 6,000 $300,000 ? ? $100,000 $(10,000)The following data points are available. This is an example of a ________ cost. Units Costs600 $560650 $565800 $580900 $590A) variable B) fixed C) mixed D) none of the above
- Fill in the missing amounts in each of the eight case situations below. Each case is independent of the others. (Hint: One way to find the missing amounts would be to prepare a contribution format income statement for each case, enter the known data, and then compute the missing items.) Required: a. Assume that only one product is being sold in each of the following four case situations: Unit sold Sales Variable expenses Foxed expenses Operating income (loss) Contribution margin per unit $ Case #1 15,000 180,000 $ 100,000 120,000 50,000 $ $ Case #2 Case #1 Case #3 10,000 Case #2 70,000 $ 32,000 8,000 $ 12,000 $ 10 $ 13 Case #4 b. Assume that more than one product is being sold in each of the following four case situations: (Enter "Contribution margin ratio" in percent. Round your final answers to the nearest whole dollar amount.) Case #3 6,000 300,000 100,000 (10,000) Case #4Given the following cost and activity observations for Leno Enterprises'utilities, use the high-low method to calculate Leno's variable utilities cost permachine hour. Cost Machine HoursSeptember £4,100 22,000October £3,700 18,000November £3,900 19,000December £4,500 28,000a) £0.08b) £4.86c) £0.25d) £12.50Fill in the missing amounts in each of the eight case situations below. Each case is independent of the others. (Hint: One way to find the missing amounts would be to prepare a contribution format income statement for each case, enter the known data, and then compute the missing items.)
- In the cost-volume- profit graph (above), what is represented by the point marked "B"? Question 2 options: Breakeven point Fixed expenses Operating income area Operating loss areaAssume that the situation can be expressed as a linear cost function. Find the cost function in this case. Marginal cost: $60; 120 items cost $8000 to produce. The linear cost function is C(x)= FEEFill in the missing amounts in each of the eight case situations below. Each case Is Independent of the others. (Hint: One way to find the missing amounts would be to prepare a contribution format Income statement for each case, enter the known data, and then compute the missing items.) Required: a. Assume that only one product is being sold in each of the following four case situations: Unit sold Sales Variable expenses Fixed expenses Operating income (loss) Contribution margin per unit Sales Variable expenses Fixed expenses $ Operating income (loss) Average contribution margin (percentage) Case #1 20,400 244,800 163,200 68,000 $ $ 136,000 $ 10 Case #2 $ Case #1 536,000 43,520 10.880 $ 8,800 20% 10 $ 69 Case #3 Case #2 13,600 b. Assume that more than one product is being sold in each of the following four case situations: (Enter "Contribution margin ratio" in percent. Round your final answers to the nearest whole dollar amount.) 436.000 283.400 109.000 95,200 16,320 13 $ S CA Case #4…
- Fill in the missing amounts in each of the eight case situations below. Each case is independent of the others. (Hint: One way to find the missing amounts would be to prepare a contribution format income statement for each case, enter the known data, and then compute the missing items.) Required: a. Assume that only one product is being sold in each of the following four case situations: Unit sold Sales Variable expenses Fixed expenses Operating income (loss) Contribution margin per unit Sales Variable expenses Fixed expenses $ Operating income (loss) Average contribution margin (percentage) Case #1 20,100 241,200 $ 160,800 67,000 $ Case #2 S $ $ Case #1 134,000 42,880 10,720 S 10 S 8,700 20% b. Assume that more than one product is being sold in each of the following four case situations. (Enter "Contribution margin ratio" in percent. Round your final answers to the nearest whole dollar amount.) 534,000 $ Case #3 Case #2 13,400 434,000 282,100 108,500 93,800 Case #4 8,040 S 402,000…Answer quicklyHow do you solve for contribution margin? For general accounting question