XYZ Industries has fixed costs of $350,000 and a profit of $175,000. What is XYZ Industries' degree of operating leverage? A) 1.50 B) 2.00 C) 2.50 D) 3.00
Q: Solve
A: 1. Contribution Margin per Machine HourSelling Price per Unit = $55.00Variable Cost per Unit =…
Q: In a fully integrated standard costing system standards costs eventually flow into the: a. cost of…
A: Step 1: Definition of Standard Costing SystemA standard costing system is an accounting method used…
Q: What will it's new leverage ratio be ?
A: We will use the method shown in the image to solve your original question regarding Kendrick…
Q: General accounting question with solution
A: Step 1: Definition of Variance for Materials CostMaterials Cost Variance measures the difference…
Q: Assume Bright Cleaning Service had a net income of $300 for the year. The company's beginning total…
A: Step 1: Definition of Return on Assets (ROA)Return on Assets (ROA) is a financial ratio that…
Q: The following is a partially completed departmental expense allocation spreadsheet for Everton…
A: To compute the Maintenance department expense allocated to the Machining department, we first need…
Q: Carter and Hayes Consulting employs 5 full-time consultants and 10 junior analysts. Budgeted…
A: Explanation of Direct Costs: Direct costs are expenses that can be clearly and specifically traced…
Q: Need help with accounting question
A: Step 1: Definition of ROA and ROEReturn on Assets (ROA) measures how efficiently a company uses its…
Q: I want to correct answer general accounting question
A: Step 1: Definition of Depreciation and Amortization ExpenseDepreciation and amortization expense…
Q: Hiii, tutor give answer
A: Let's go through the calculations again in a clear and structured way.Given Data:Initial Purchase…
Q: Calculate the equity premium
A: The equity premium is calculated as the difference between the stock market return and the risk-free…
Q: Next year, a business estimates that it will sell 30,000 units at a selling price of $15 per unit.…
A: Explanation of Fixed Costs:Fixed Costs are expenses that remain constant regardless of the number of…
Q: Solve correctly without using ai
A: 1. Contribution Margin per Machine HourSelling Price per Unit = $55.00Variable Cost per Unit =…
Q: PROBLEM E Mulles, the owner of a successful fertilizer business, felt that it is time to expand…
A:
Q: Rocky River Fast Lube does oil changes on vehicles in 15 minutes or less. The variable cost…
A: Step 1: Requirement (a): Total product cost of performing 1,000 oil changes in MayTotal product…
Q: General accounting
A: Step 1: Definition of Replacement CostThe replacement cost is the current amount an insurance…
Q: Provide answer
A: Explanation of Differential Analysis: Differential analysis is a decision-making approach that…
Q: cost accounting
A: Step 1: Definition of Incremental Pricing for Special OrdersIncremental pricing is a decision-making…
Q: Provide best Answer
A: Net Income CalculationThe formula for Return on Equity (ROE) is:ROE = (Net Income / Total Equity) ×…
Q: Quick answer of this accounting questions
A: Step 1: Definition of Cost of Goods Manufactured (COGM)Cost of Goods Manufactured (COGM) represents…
Q: Given the following cost and activity observations for Smithson Company's utilities, use the…
A: Identifying the Highest and Lowest Activity LevelHighest Activity Level = Highest Machine Hours =…
Q: Hello tutor please provide this question solution general accounting
A: Step 1: Definition of Total SalesTotal sales refer to the total revenue generated by a company from…
Q: predetermined overhead rat?
A: Step 1: Definition of Predetermined Overhead RateThe Predetermined Overhead Rate is an estimated…
Q: I want answer
A: To calculate JIGS Enterprises' taxable income for the fourth year, we need to take into account the…
Q: Wilson Finance purchased $200,000 in accounts receivable from Harrison Manufacturing for $185,000.…
A: Step 1: Identify Key Values From the problem statement:Investment (Initial Purchase Price):…
Q: i need correct answer accounting question
A: Calculate the profit:Profit = Amount collected - Purchase priceProfit = $335,000 - $320,000 =…
Q: What is the direct labor cost variance for October on these financial accounting question?
A: Step 1: Definition of Direct Labor Cost VarianceThe Direct Labor Cost Variance measures the…
Q: Provide answer
A: To determine the fair price per share and the number of additional shares Sin must sell, follow…
Q: Tutor please provide answer
A: Explanation of Current Liabilities:Current Liabilities refer to a company's financial obligations…
Q: Solve this Accounting Problem
A: Sales Volume Variance measures the difference in revenue caused by selling a different number of…
Q: Markowis Corp has collected the following data concerning its maintenance costs for the pest 6…
A: Given:High activity level = 40,040 units, $74,575 Low activity level = 18,015 units, $36,036 1.…
Q: Bradford Enterprises sells two products, blue pens and green notebooks. Bradford predicts that it…
A: To ascertain the weighted average unit contribution margin for Bradford Enterprises, we computed the…
Q: ???!!
A: The standard overhead rate is determined using the estimated overhead cost and the estimated direct…
Q: Accounting
A: Concept of RevenueRevenue is the total amount of money a company earns from its business activities,…
Q: What is the total cost of goods manufactured for Stern Electronics in 2021?
A: Step 1: Definition of Cost of Goods Manufactured (COGM)Cost of Goods Manufactured (COGM) represents…
Q: What is the net sales revenue of this financial accounting question?
A: Net Sales Revenue is calculated using the following formula:Net Sales Revenue=Sales Revenue−Sales…
Q: I need help turning this into a balance sheet, income statement and a retained earning statement.…
A: First, we need to identify which elements belong to each financial statement. The balance sheet…
Q: please provide correct answer
A: Step 1: Definition of Predetermined Overhead RateThe predetermined overhead rate (POHR) is a rate…
Q: I don't need ai answer general accounting question
A: Step 1: Definition of Straight-Line DepreciationStraight-line depreciation is a method of allocating…
Q: Sub. General accounting
A: Step 1: Definition of Allocation of Advertising Expenses Based on SalesWhen allocating shared…
Q: What were the liabilities?
A: Step 1: Definitions Related to the QuestionDefinition of the Accounting EquationThe accounting…
Q: Poppys cost of goods sold for this year was
A: Explanation of Cost of Goods Sold (COGS):Cost of Goods Sold (COGS) refers to the total direct costs…
Q: Net sales total $438,000. Beginning and ending accounts receivable are $35,000 and $37,000,…
A: Step 1: Definition of Days' Sales in ReceivablesDays' sales in receivables measure how many days, on…
Q: with a growth rate of 8%. ??
A: Step 1. Definition of Price-to-Earnings (P/E) RatioThe Price-to-Earnings (P/E) Ratio is a valuation…
Q: What is the unit variable cost of the general accounting question?
A: Step 1: Define Unit Variable CostUnit Variable Cost refers to the cost incurred for producing or…
Q: Solution
A: Calculation of Equivalent Units for Direct MaterialsEquivalent Units for Direct Materials = Units…
Q: A truck costing $280,000 has a salvage value of $20,000 and a useful life of 8 years. The truck is…
A: We calculate the depreciation expense using the units of activity method. We first need to find the…
Q: I need help with question
A: To determine the replacement cost, follow these steps:Calculate the increase:15% of $48,000 is…
Q: What is the correct amount for purchase?
A: Explanation of Cost of Goods Sold (COGS):Cost of Goods Sold (COGS) represents the total cost…
Q: Accounting question
A: Step 1: Definition Gross Profit (Gross Margin) is calculated as sales revenue minus the cost of…
What is the correct price of this question accounting
Step by step
Solved in 2 steps
- K6.What is the correct answer? General accounting questionQ2. Suppose that Nafitol Company has a fixed cost of ETB 35,000 and VC of ETB 1.75 per unit for its products. Let us further consider that selling price is birr 2.7 per unit. Required: A. Write the revenue and the cost equation of the company B. At what level of production output is the company Break-even? C. What is the amount of the revenue when the company produces 300,000 units? D. If the company plans to earn a profit of 7000, what amount of quantity has to be produced?
- For a certain company, the cost function for producing x items is C(x)=40x+200, and the revenue function for selling x items in R(x)=−0.5(x−80)2+3,200. The maximum capacity of the company is 110 items. The profit function P(x) is the revenue function R(x) (how much it takes in) minus the cost function C(x) (how much it spends). In economic models, one typically assumes that a company wants to maximize its profit, or at least make a profit!Assuming that the company sells all that it produces, what is the profit function?P(x)= Preview Change entry mode . Hint: Profit = Revenue - Cost as we examined in Discussion 3. What is the domain of P(x)?Hint: Does calculating P(x) make sense when x=−10 or x=1,000? The company can choose to produce either 40 or 50 items. What is their profit for each case, and which level of production should they choose?Profit when producing 40 items = Number Profit when producing 50 items = Number Can you explain, from our model, why the company makes less profit…What will be the company's contribution margin?What is dol?