Identify the severable of the variable, mixed, and fixed costs that Incorporation A’s repair services department is likely to incur carrying out its services.

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Answer 1

Question

Chapter 21, Problem 1BTN

1.

To determine

Identify the severable of the variable, mixed, and fixed costs that Incorporation A’s repair services department is likely to incur carrying out its services.

2.

To determine

Explain the changes in the costs identified in sub part 1, if the repair service revenue is expected to be grown by 25% in the next year.

3.

To determine

Whether Incorporation A can use contribution margin ratio or not to predict the changes in the income in response to increases in repairs service revenues.

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At the beginning of the month, the accounts receivable subsidiary ledger showed balances for Acme Corporation of $7,500 and Beacon Enterprises of $9,200. During the month, credit sales were made to Acme for $8,400, Beacon for $6,300, and Coastal Industries for $10,500. Cash was collected on account from Beacon for $13,700 and Coastal for $4,200. At the end of the month, the control account Accounts Receivable in the general ledger should have a balance of: A. $19,800 B. $15,300 C. $24,000 D. $12,500

Dodge Industries has the following data: direct labor $185,000, direct materials used $210,000, total manufacturing overhead $195,000, and beginning work in process $45,000. Compute total manufacturing costs and total cost of work in process.

What is Kellogg's net income after these transactions?

Answer 2

Question

Chapter 21, Problem 1BTN

1.

To determine

Identify the severable of the variable, mixed, and fixed costs that Incorporation A’s repair services department is likely to incur carrying out its services.

2.

To determine

Explain the changes in the costs identified in sub part 1, if the repair service revenue is expected to be grown by 25% in the next year.

3.

To determine

Whether Incorporation A can use contribution margin ratio or not to predict the changes in the income in response to increases in repairs service revenues.

Expert Solution & Answer

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Answer 3

Question

Chapter 21, Problem 1BTN

1.

To determine

Identify the severable of the variable, mixed, and fixed costs that Incorporation A’s repair services department is likely to incur carrying out its services.

2.

To determine

Explain the changes in the costs identified in sub part 1, if the repair service revenue is expected to be grown by 25% in the next year.

3.

To determine

Whether Incorporation A can use contribution margin ratio or not to predict the changes in the income in response to increases in repairs service revenues.

Expert Solution & Answer

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Answer 4

Question

Chapter 21, Problem 1BTN

1.

To determine

Identify the severable of the variable, mixed, and fixed costs that Incorporation A’s repair services department is likely to incur carrying out its services.

2.

To determine

Explain the changes in the costs identified in sub part 1, if the repair service revenue is expected to be grown by 25% in the next year.

3.

To determine

Whether Incorporation A can use contribution margin ratio or not to predict the changes in the income in response to increases in repairs service revenues.

Expert Solution & Answer

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Answer 5

Chapter 21, Problem 1BTN

1.

To determine

Identify the severable of the variable, mixed, and fixed costs that Incorporation A’s repair services department is likely to incur carrying out its services.

2.

To determine

Explain the changes in the costs identified in sub part 1, if the repair service revenue is expected to be grown by 25% in the next year.

3.

To determine

Whether Incorporation A can use contribution margin ratio or not to predict the changes in the income in response to increases in repairs service revenues.

Answer 6

Chapter 21, Problem 1BTN

1.

To determine

Identify the severable of the variable, mixed, and fixed costs that Incorporation A’s repair services department is likely to incur carrying out its services.

Answer 7

Chapter 21, Problem 1BTN

1.

To determine

Identify the severable of the variable, mixed, and fixed costs that Incorporation A’s repair services department is likely to incur carrying out its services.

Answer 8

2.

To determine

Explain the changes in the costs identified in sub part 1, if the repair service revenue is expected to be grown by 25% in the next year.

Answer 9

2.

To determine

Explain the changes in the costs identified in sub part 1, if the repair service revenue is expected to be grown by 25% in the next year.

Answer 10

3.

To determine

Whether Incorporation A can use contribution margin ratio or not to predict the changes in the income in response to increases in repairs service revenues.

Answer 11

3.

To determine

Whether Incorporation A can use contribution margin ratio or not to predict the changes in the income in response to increases in repairs service revenues.

Answer 12

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Answer 13

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Answer 14

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Answer 15

Ch. 21 - Prob. 1MCQ Ch. 21 - Prob. 2MCQ Ch. 21 - Prob. 3MCQ Ch. 21 - Prob. 4MCQ Ch. 21 - Prob. 5MCQ Ch. 21 - Prob. 1DQ Ch. 21 - Prob. 2DQ Ch. 21 - Prob. 3DQ Ch. 21 - Prob. 4DQ Ch. 21 - Prob. 5DQ

Identify the severable of the variable, mixed, and fixed costs that Incorporation A’s repair services department is likely to incur carrying out its services.

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Identify the severable of the variable, mixed, and fixed costs that Incorporation A’s repair services department is likely to incur carrying out its services.

Explain the changes in the costs identified in sub part 1, if the repair service revenue is expected to be grown by 25% in the next year.

Whether Incorporation A can use contribution margin ratio or not to predict the changes in the income in response to increases in repairs service revenues.

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Chapter 21 Solutions