Chapter 10, Problem 10.5E

Atlas Interiors sold office equipment costing $15,800 with accumulated depreciation of$12,400 for $2,600 cash. The entry to record the sale would include a gain or loss of what amount?

Vortex Manufacturing is a start-up company that produces specialized computer chips. Vortex Manufacturing has budgeted four hours of direct labor per chip, at a standard cost of $22 per hour. During September, technicians actually worked 320 hours completing 85 chips. All 85 chips actually produced were sold. Vortex paid the technicians $21.50 per hour. What is Vortex's direct labor cost variance for September?

Kraft's contribution margin is 35%. The company is contemplating an advertising campaign that will cost $18,450. If sales are expected to increase $72,800, by how much will the company's net income increase? Help

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Company C sets price equal to cost plus 45%. Recently, Company C charged a customer a price of $87 for an item. What was the cost of the item to Company C?

Kraft's contribution margin is 35%. The company is contemplating an advertising campaign that will cost $18,450. If sales are expected to increase $72,800, by how much will the company's net income increase?

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