Excellence in Business Communication (12th Edition)
12th Edition
ISBN: 9780134319056
Author: John V. Thill, Courtland L. Bovee
Publisher: PEARSON
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Chapter 2, Problem 2.10E
Summary Introduction
To determine:
Taking individual notes about all that’s happening around in a meeting. Then together with a friend discuss the observation under the topics that were given.
Introduction:
Meetings that are effective where the leader is able to grab everyone’s attention and the listeners are effectively listening, then the meeting was a good one.
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Problem: A certain product sells for $55. It has variable costs of $33 per unit and fixed costs of $300,000 per year. How many products must the company manufacture to break even?(Round your answer to nearest unit number)
Pteri Manufacturing makes a single product - the Pteri. Information for 2005 appears below:
Sales in units: 200,000
Production in units: 250,000
Beginning inventory: 0
Variable production cost per unit: $1.00
Variable selling cost per unit: $0.30
Fixed production cost per year: $100,000
Fixed Selling and administrative cost per year: $50,000
Selling price per unit $3.00
What is the cost per unit of inventory using variable costing?
Anderson Enterprises incurred the following costs while producing
500 units: direct materials, $15 per unit; direct labor, $37.50 per unit;
variable manufacturing overhead, $22.50 per unit: total fixed
overhead costs, $15,000; variable selling and administrative costs,
$7.50 per unit: total fixed selling and administrative costs, $11,250.
A. What is the per unit product cost using variable costing?
B. What is the operating income using variable costing if 450 units are
sold for $150 each?
Chapter 2 Solutions
Excellence in Business Communication (12th Edition)
Ch. 2 - Prob. 1CACh. 2 - Prob. 2CACh. 2 - Prob. 1LOCCh. 2 - Prob. 2LOCCh. 2 - Prob. 3LOCCh. 2 - Prob. 4LOCCh. 2 - Prob. 5LOCCh. 2 - Prob. 6LOCCh. 2 - Prob. 7LOCCh. 2 - Prob. 8LOC
Ch. 2 - Prob. 9LOCCh. 2 - Prob. 10LOCCh. 2 - Prob. 11LOCCh. 2 - Prob. 12LOCCh. 2 - Prob. 13LOCCh. 2 - Prob. 14LOCCh. 2 - Prob. 15LOCCh. 2 - Prob. 16LOCCh. 2 - Prob. 17LOCCh. 2 - Prob. 18LOCCh. 2 - Prob. 19LOCCh. 2 - Prob. 2.1AYKCh. 2 - Prob. 2.2AYKCh. 2 - Prob. 2.3AYKCh. 2 - Prob. 2.4AYKCh. 2 - Prob. 2.5AYKCh. 2 - Prob. 1PYSMFACh. 2 - Prob. 2.6ECh. 2 - Prob. 2.7ECh. 2 - Prob. 2.8ECh. 2 - Prob. 2.9ECh. 2 - Prob. 2.10ECh. 2 - Prob. 2.11ECh. 2 - Prob. 2.12ECh. 2 - Prob. 2.13ECh. 2 - Prob. 2.14ECh. 2 - Prob. 2.15ECh. 2 - Prob. 1EYSCTPCh. 2 - Prob. 1SYCKO
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Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, subject and related others by exploring similar questions and additional content below.Similar questions
- I won't to this question answerarrow_forwardIndiana Corporation products a single product that it sells for $9 per unit. During the first year of operations, 100,000 units were produced, and 90,000 units were sold. Manufacturing costs and selling and administrative expenses for the year were as follows: Raw materials Direct labor Factory overhead Fixed Costs Variable Costs $1.75 per unit produced $1.25 per unit produced $1,00,000 $0.50 per unit produced Selling and administrative $ 70,000 $0.60 per unit sold What was Indiana Corporation's net operating income for the year using variable costing? A. $371,000 B. $281,000 C. $271,000 D. $181,000arrow_forwardGiven the information below, what is the gross profit on these general accounting question?arrow_forward
- Explore the concept of accounting flexibility and its impact on the reliability and usefulness of financial information. While adaptability in accounting methods can allow organizations to better reflect their unique circumstances, it may also introduce the risk of selective application or manipulation. Discuss the appropriate balance between standardization and customization in accounting practices, and the safeguards that can be implemented to preserve the integrity of financial reporting.arrow_forwardBeginning inventory was $4,000, purchases totaled $31,000, and sales were $20,000. What is the ending inventory?arrow_forwardIris Company has provided the following information regarding two of its items of inventory at year-end: There are 200 units of Item A, having a cost of $10 per unit, a selling price of $14 and a cost to sell of $6 per unit. There are 150 units of Item B, having a cost of $40 per unit, a selling price of $46 and a cost to sell of $4 per unit. How much is the ending inventory using lower of cost or net realizable value on an item-by-item basis? a. $8,350. b. $8,750. c. $8,000. d. $7,600.arrow_forward
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