XYZ Corp reports: . Sales: $500,000 Variable costs: $300,000 Fixed costs: $100,000
Q: Answer this Accounting problem
A: We are given that the monthly cost of a data plan is a linear function of data usage. This means we…
Q: Answer
A: Question 1Given Data:Total units sold = 400Defective units estimate = 5% of units soldAverage repair…
Q: The financial statements of Crane report net credit sales of $1.6 million. Accounts receivable are…
A: Concept of Net Credit SalesNet credit sales refer to the total revenue a company generates from…
Q: Please give me correct answer this financial accounting question
A: Step 1: Define Net IncomeNet income is the company's total earnings after deducting taxes from the…
Q: Opereting income will increase by ??
A: The question pertains to the increase in operating income. Operating income, also referred to as…
Q: @ general account
A: (a) Compute Budgeted Amounts for 2017We calculate the budgeted total cost for direct materials,…
Q: general accounting
A: Step 1: Definition of Convertible BondsA convertible bond is a type of bond that allows the…
Q: At the beginning of the year
A: Step 1: Write down the given data in a table for easier visualization. Assets =Liabilities…
Q: Want to this question answer general Accounting
A: Step 1: Define STRIPSSTRIPS (Separate Trading of Registered Interest and Principal Securities) are…
Q: Absorption costing unit product cost?
A: Step 1: Define Absorption CostingAside from variable costing, absorption costing is used to…
Q: Do fast this question answer general accounting
A: Step 1: Define Change in Owner's EquityOwner's equity changes due to net income and owner…
Q: Financial Accounting
A: 1. Calculate the annual coupon payment:Annual coupon payment = Face value of the bond * Coupon…
Q: Martinez Company's relevant range of production is 7,500 units to 12,500 units. When it produces and…
A: Calculating the Total Product Cost for 10,000 Units Step 1: Product and Period Costs Product costs…
Q: In response to complaints about high prices, a grocery chain runs the following advertising…
A: Step 1: Definition of Return on Equity (ROE)Return on Equity (ROE) measures how efficiently a…
Q: Solve this financial accounting question
A: The current yield of a bond is calculated using the formula: Current Yield = (Annual Coupon Payment…
Q: Provide answer this financial accounting question
A: Step 1: Define Effective Annual Interest Rate (EAR)Effective annual interest is the nominal rate of…
Q: Hepl
A: Step 1: Calculation of Overhead Application RateStep 2: Calculation of estimated direct labor…
Q: Financial Accounting
A: Step 1: Define Materials Price VarianceMaterials price variance measures the difference between the…
Q: Want to this question answer general Accounting
A: Step 1: Define Rate of Return on Total Assets (ROA)Return on Assets (ROA) measures how efficiently a…
Q: A company has sales of $389,000 and cost of goods sold of $174,000. What is the gross profit margin?…
A: The gross profit margin is calculated as: Gross Profit Margin = (Sales - Cost of Goods Sold) / Sales…
Q: Sub: financial accounting
A: Explanation of Outstanding Shares: Outstanding shares represent the total number of shares of a…
Q: Need both general account answer
A: Step 1: Compute Product Costs (Manufacturing Costs)Product costs include all costs related to…
Q: Solve this financial accounting Problem
A: Explanation of Return on Equity (ROE): Return on Equity (ROE) measures a company's ability to…
Q: Financial Accounting Question
A: The question requires the determination of the required rate of return.The required rate of return…
Q: Tutor please provide answer
A: Explanation of Owner's Equity:Owner's equity represents the residual interest in a company's assets…
Q: General Accounting question
A: Step 1: Define Maturity ValueMaturity Value is the total amount due at the end of the loan or note…
Q: MCQ
A: Explanation of Promissory Note: This is a written promise to pay a specific amount of money (in this…
Q: Solve this financial accounting problem
A: The Return on Equity (ROE) is calculated using the formula: ROE = Net Income / Total Equity First,…
Q: General Accounting
A: Step 1: Define Direct Labor Efficiency VarianceThe Direct Labor Efficiency Variance measures the…
Q: Management wants ending inventory
A: Step 1: Calculate wood needed for February productionStep 2: Calculate ending inventory for…
Q: Compute revenue and variable expense for each show?
A: Step 1: Compute Revenue per ShowStep 2: Compute Cast Salaries per ShowStep 3: Compute Program…
Q: Provide answer
A: 1.What distinguishes integrated control frameworks from isolated checks?Answer: a) Systematic…
Q: Subject financial accounting
A: Explanation of Return on Equity (ROE):Return on Equity (ROE) is a financial metric that measures a…
Q: What is hiren tunes vinyl shop's contribution margin?
A: The contribution margin per unit is calculated as: Contribution Margin per Unit = Selling Price per…
Q: One year ago, you purchased 100 shares of stock in Yellow Steel for $4,400. Since purchasing you…
A: To calculate the total dollar amount you cleared on this investment, we need to consider both the…
Q: How much did they charge for each pair?
A: To find the price charged for each pair of gloves, we first need to determine the cost price of one…
Q: Gross profit? & General Account
A: To calculate the gross profit and the gross profit ratio for the year, use the following formulas:…
Q: Give answer
A: To calculate the net profit, we need to follow these steps:Calculate the Cost of Goods Manufactured…
Q: What will be recorded? Solve question financial accounting
A: Step 1: Define Disposal of an AssetWhen a company discards an asset, it removes both the asset's…
Q: Hello teacher please help solve this question
A: Let's calculate the new ROE for the company.1. Calculate Total DebtDebt-to-total-assets ratio =…
Q: Ans please
A: To determine the finance charge on Rachel's loan, follow these steps: Given:Loan amount (principal)…
Q: can you please solve this?? general account
A: We can calculate the book value per share and earnings per share (EPS) using the given market value…
Q: What was the sales price per unit?
A: Gross Margin=Sales Revenue−Cost of Goods Sold (COGS)Rearrange to solve for Sales Revenue: Sales…
Q: What is the direct labor rate variance?(Account)
A: Step 1: Understanding the FormulaThe Direct Labor Rate Variance measures the difference between the…
Q: Fixed operating costs constant at 10.2 million?
A: CalculationsStep 1: Calculate the Contribution Margin:Contribution Margin = Sales - Variable Costs…
Q: General Accounting
A: Step 1: Define Total AssetsTotal Assets refer to the sum of everything a company owns that has…
Q: Can you please solve this
A: Step 1: Definition of Total AssetsTotal assets are all the resources owned by a company that can be…
Q: NO WRONG ANSWER
A: To calculate the enterprise value (EV) of Crimson Tech Inc., we use the following formula: EV =…
Q: Cost data?
A: Explanation of Direct Materials: Direct materials are raw materials that can be directly traced to…
Q: In 2010, the BowWow Company purchased 11,992 units from its supplier at a cost of $11 per unit.…
A: To calculate BowWow Company's gross profit for 2010, we use the formula:Gross Profit=Sales…
Financial accounting question
Step by step
Solved in 2 steps
- Sales volume (units) Revenue Variable costs Direct materials Direct labor Contribution margin Fixed costs Profit $30,000 $2.00 $45,000 Use direct labor dollars as the cost driver. Compute allocated fixed costs for Product X: O $20,000 Product X 400 $60,000 $50,000 $25,000 $15,000 $20,000 Product Y 600 $60,000 $15,000 $10,000 $35,000 Total 1,000 $120,000 $40,000 $25,000 $55,000 $50,000 $5,000If the contribution margin ratio for France Company is 32%, sales are $488,000, and fixed costs are $110,000, the operating income is Oa. S110,000 Ob. $46,160 Oc. $36,928 Od. S156,160 Previous Submit Te Reflector-3.2.1.dmgCalculate the prime cost from the following information: Direct material purchased: R 100,000 Direct material consumed: R 90,000 Direct labour: R60,000 * Direct expenses: R 20,000 Manufacturing overheads: R 30,000
- Rings Company has three product lines, A, B, and C. The following financial information is available: Item Product Line A Product Line B Product Line C Sales $ 66,000 $ 135,000 $ 30,000 Variable costs $ 39,600 $ 72,000 $ 18,750 Contribution margin $ 26,400 $ 63,000 $ 11,250 Fixed costs: Avoidable $ 6,100 $ 18,000 $ 8,400 Unavoidable $ 4,800 $ 13,500 $ 3,800 Pre-tax operating income $ 15,500 $ 31,500 $ (950) If Product Line C is discontinued and the manufacturing space formerly devoted to this line is rented for $6,000 per year, pre-tax operating income for the company will likely: Multiple Choice Be unchanged—the two effects cancel each other out. Increase by $1,950. Increase by $3,150. Increase by $5,850. Increase by some other amount.Diamond Company has three product lines, A, B, and C. The following financial information is available: Item Product Line A Product Line B Product Line C Sales $ 52,000 $ 100,000 $ 23,000 Variable costs $ 31,200 $ 53,000 $ 14,375 Contribution margin $ 20,800 $ 47,000 $ 8,625 Fixed costs: Avoidable $ 5,400 $ 14,500 $ 6,300 Unavoidable $ 4,100 $ 10,000 $ 3,100 Pre-tax operating income $ 11,300 $ 22,500 $ (-775 ) Diamond is thinking of dropping Product Line C because it is reporting an operating loss. Assuming the company drops Product Line C and does not replace it, pre-tax operating income for the firm will likely: Multiple Choice Be unchanged Increase by $2,025 Increase by $2,325 Decrease by $2,325 Decrease by $4,350Revenue Variable costs: Direct labor Direct materials Contribution margin Fixed costs Profit margin $0 O $10,000 ($25,000) ($10,000) product X $50,000 O $50,000 $20,000 $30,000 ? ? ? product Y $80,000 $30,000 $20,000 ? ? ? a total $130,000 The company allocates fixed costs based on direct labor dollars. Compute the profit margin for product line X. $50,000 $50,000 $30,000 $25,000 $5,000
- ABC Corporation estimates handling cost at two-act levels:Division A of Kern Co. has sales of $350,000, cost of goods sold of $200,000, operating expenses of $30,000, and invested assets of $600000. What is the return on investment for Division A? A. 20% B. 25% C. 33% D. 40%A firm has 100,000 in direct materials costs, 50,000 in direct labor costs, and 80,000 in overhead. Which of the following is true? a. Prime costs are 150,000; conversion costs are 180,000. b. Prime costs are 130,000; conversion costs are 150,000. c. Prime costs are 150,000; conversion costs are 130,000. d. Prime costs are 180,000; conversion costs are 150,000.
- The following costs relate to Antonio Industries for the last quarter: Conversion cost Direct materials Manufacturing overhead Selling and administrative expense onio's prime cost for last quarter? Bolooo 1000 05000 $75,000 2. Antonio's total manufacturing cost is a. P 460,000 b. P 645,000 C. P 650,000 d. P 840,000 P 435,000 215,000 190,000 185,000Sales volume (units) Revenue Variable costs Direct materials Direct labor Contribution margin Fixed costs Profit Product A 400 $60,000 Product B 600 $60,000 $25,000 $15,000 $10,000 $15,000 Total 1,000 $120,000 $40,000 $25,000 $25,000 $30,000 $55,000 $50,000 $5,000 Use direct labor dollars as the cost driver. Compute allocated fixed costs for Product A:Madison Industries has equivalent units of 4,000 for materials and for conversion costs. Total manufacturing costs are $160,000. Total materials costs are S120,000. How much is the conversion cost per unit? $40.00 $4.00 $10.00 $8.00