Chapter 1, Problem 3Q

A company has three divisions, X, Y, and Z, with the following financial data: • Sales for Division X: $1,800,000 Investment in assets for Division X: $630,000 What is the asset turnover (AT) for Division X? A. 1.43 B. 1.60 C. 1.67 D. 2.86 E. 3.33

Standard cost per unit is calculated as: A. standard rate per hour multiplied by standard time. B. standard price multiplied by standard quantity. C. Standard quantity divided by standard price. D. service units used divided by available service units.

General accounting

What was the gain or loss on the sale of the equipment

??

Correct Answer

A manufacturer incurred the following costs to produce one unit of a product: • Direct Material: Rs. 120 • Direct Labour: Rs. 180 • Selling Expenses: Rs. 40 Selling Price per Unit: Rs. 700 Overhead Expenses per Unit: Rs. 120 (50% variable overheads) Calculate the Contribution per Unit of the Product.

What will be the net operating income / loss?

please provide correct solution of this General accounting question