Chapter 12, Problem 23P

I need guidance in solving this financial accounting problem using standard procedures.

Dion Traders has a selling price of $75, variable costs of $60, and fixed costs are $90,000. How many units must be sold to break even? A) 4,500 B) 6,000 C) 3,000 D) 7,500

General accounting question

In December 2019, Solar Systems Inc. management establishes the 2020 predetermined overhead rate based on direct labor cost. The information used in setting this rate includes estimates that the company will incur $920,000 of overhead costs and $600,000 of direct labor cost in year 2020. During March 2020, Solar Systems began and completed Job No. 20-78. What is the predetermined overhead rate for year 2020?

What is the earings per share?

Riverdale Manufacturing purchased a production machine on January 15, 2025, for $82,500. The estimated useful life of the machine is 8 years, and the residual (salvage) value is $7,500. Compute the annual depreciation expense for Year 1 and Year 2 using the straight-line method.

I am searching for the accurate solution to this general accounting problem with the right approach.

My problem accounting

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