XYZ Corp reports: . Sales: $500,000 Variable costs: $300,000 Fixed costs: $100,000
Q: Account
A: Correct Answer:C. Assets = Liabilities + Stockholders' Equity Explanation of the Accounting…
Q: Waiting for solution
A: Question 1: Step 1. Calculate the Warranty expense for the current month Warranty expense for the…
Q: Solve this financial accounting problem
A: The Return on Equity (ROE) is calculated using the formula: ROE = Net Income / Total Equity First,…
Q: None
A: Step 1: Understanding the Cash Conversion CycleThe Cash Conversion Cycle (CCC) measures how long it…
Q: general accounting
A: Step 1: Definition of Convertible BondsA convertible bond is a type of bond that allows the…
Q: John Appraisals is appraising a commercial office building for refinancing. The company is using the…
A: The question requires the determination of the present value of the annuity. The present value, in…
Q: What is the debt to equity ratio on these financial accounting question?
A: Step 1: Introduction to ratio analysisRatio analysis is a method used to analyze financial…
Q: During the month, Phoenix Enterprises earned $15,000 in revenue, but only $13,000 of that had been…
A: Explanation of Revenue: Revenue is the total amount of money earned by a business from its normal…
Q: Answer this question
A: The Enterprise Value (EV) formula:EV=Market Capitalization +Total Debt−Cash Step 1:Market…
Q: need help this questions
A: Step 1: Definition of Total Cost of ProductionTotal cost of production includes direct materials,…
Q: Accounting question
A: Step 1: We determine the expenses to be included in the payroll. Base salaries = included: -Included…
Q: Falcon enterprise reported the following financial data
A: To calculate the Gross Margin Ratio, you can use the following formula: Gross Margin Ratio = (Net…
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: Step 1: Define Maturity ValueThe maturity value of a note receivable is the total amount due at the…
Q: Accurate answer
A:
Q: Financial accounting
A: Step 1: Define Total Payroll-Related ExpensesTotal Payroll-Related Expenses include the base…
Q: General Accounting Question need help with this question
A: The high-low method is a cost estimation technique used to determine the variable cost per unit and…
Q: What is Jordan ROE?
A: Total Asset TurnoverThe formula for Total Asset Turnover is:Total Asset Turnover=Sales/Total…
Q: Correct answer? General Accounting
A: Step 1: Introduction to depreciation expenseDepreciation is referred to a method of expensing the…
Q: Davenport Industries is working on its direct labor budget for the next two months. Each unit of…
A: Explanation of Direct Labor Hours: Direct labor hours represent the time workers spend directly…
Q: hi expert given answer General accounting question
A: Step 1: Contribution margin Contribution margin = Sales - Variable costsContribution margin =…
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: What was over or under applied manufacturing overhead in September?
A: Explanation of Manufacturing Overhead: Manufacturing overhead includes all manufacturing costs that…
Q: financial accountiong
A: Step 1:Calculation of Book Value per Share Since the Market Price per Share and Market-to-Book Ratio…
Q: Help
A: Here's how to calculate the average payment period:1. Understand the Components:Cash Cycle:…
Q: Ans?? General Accounting question
A: Step 1: Introduction to payroll taxesPayroll taxes refer to those taxes paid by both employer and…
Q: Need answer the financial accounting question not use ai
A: Step 1: Define Book ValueBook Value refers to the net value of a company's assets, as recorded on…
Q: Given correct answer general accounting
A: Step 1: Define Degree of Operating Leverage (DOL)The Degree of Operating Leverage (DOL) measures how…
Q: net loss was......
A: Step 1: Net Income or loss can be calculated by rearranging the formula -Ending Capital = Beginning…
Q: Financial accounting 2.1
A: Explanation of Total Equity:Total equity represents the portion of a company's assets that belongs…
Q: ?!
A: Concept of Overhead CostsOverhead costs refer to all indirect expenses incurred by a company to…
Q: Variable overhead:392000, fixed overhead:98000
A: To compute the production cost per unit under absorption costing, we need to account for direct…
Q: Provide answer general accounting
A: Step 1: Definition of Asset Turnover RatioAsset turnover ratio measures how efficiently a company…
Q: Accounting question
A: Percent Return=((Ending Price−Beginning Price)+Dividends/Beginning Price))×100Given:Beginning Price…
Q: Compute the gross earnings for this financial accounting question
A: The formula used to calculate Alex's gross earnings is as follows:Gross Earnings=(Regular Hours×…
Q: abc general accounting
A: Step 1: Definition of Return on Equity (ROE)Return on Equity (ROE) is a measure of a company's…
Q: Financial Accounting
A: 1. Understand the ConceptCost of Equity: This represents the return that investors require to invest…
Q: Plant-wide predetermined overhead rate for the year?
A: Explanation of Predetermined Overhead Rate:The predetermined overhead rate is an estimated cost…
Q: Using the information below, calculate the gross profit for the period. Beginning Raw Materials…
A: Step 1: Understanding Gross ProfitGross profit is the difference between sales revenue and the cost…
Q: Tutor answer this financial accounting problem
A: Return on Equity (ROE) is calculated using the formula: ROE = (Net Income / Total Equity) × 100…
Q: What is the question answer? ? General Accounting
A: Step 1: Define Predetermined Overhead RateThe Predetermined Overhead Rate (POHR) is used to allocate…
Q: The profit margin ratio would be
A: The question requires the determination of the profit margin. Profit margin is one way to determine…
Q: What was the receivables turnover ratio of this general accounting question?
A: Step 1: Define Receivables Turnover RatioThe Receivables Turnover Ratio measures how efficiently a…
Q: Ans?? General Accounting
A: Step 1: Define Zero-Coupon Bond with Semiannual CompoundingA zero-coupon bond does not make periodic…
Q: General accounting
A: To determine the estimated variable order filling cost per order using the high-low method, follow…
Q: provide correct questions
A: To calculate the direct labor price (or rate) variance, we can use the formula:Direct Labor Price…
Q: ???
A: Step 1:Direct labor efficiency variance is the difference between actual labor hours and budgeted…
Q: Compute the following requirements for this financial accounting question
A: Step 1: Define Standard Direct Materials CostThe standard direct materials cost per unit represents…
Q: Sub: financial accounting
A: Explanation of Outstanding Shares: Outstanding shares represent the total number of shares of a…
Q: The ending inventory of Sienna Traders Ltd. is $52,000. If the beginning inventory was $78,000 and…
A: Explanation of Ending Inventory: Ending inventory represents the value of goods remaining at the end…
provide answer of this 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 $5,000Calculate 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 30,000Rings 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 $5,000ABC 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 information is for Corp: Selling price $60 per unit Variable costs $40 per unit Total fixed costs $125,000 If targeted operating income is $50,000 , then targeted sales revenue is how much?
- 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:Given the cost formula, Y = $16,000+ $3.40X, total cost for an activity level of 4,000 units would be: A) S13,600 B) S3,600 C) $29,600 D) S16,000
