Total Fixed cost and fixed cost per unit: The total fixed cost can be defined as the cost that does not change with the level of output. It remains same at all levels of output. The fixed cost per unit can be defined as the fixed cost that can be assigned to one unit. F i x e d c o s t p e r u n i t = F i x e d c o s t T o t a l n u m b e r o f u n i t s Requirement 1 To determine: Fixed cost per unit when sales 45 units for each fixed cost.

Question

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Answer 1

Question

Chapter 21, Problem E21.27E

To determine

Concept Introduction:

Total Fixed cost and fixed cost per unit:

The total fixed cost can be defined as the cost that does not change with the level of output. It remains same at all levels of output. The fixed cost per unit can be defined as the fixed cost that can be assigned to one unit.

$F i x e d c o s t p e r u n i t = \frac{F i x e d c o s t}{T o t a l n u m b e r o f u n i t s}$

Requirement 1

To determine:

Fixed cost per unit when sales 45 units for each fixed cost.

To determine

Requirement 2

To determine:

Fixed cost per unit when sales 90 units for each fixed cost.

To determine

Requirement 3

To determine:

Fixed cost per unit when sales 180 units for each fixed cost.

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For which of the following would year-end accrual of a current liability be optional? a. Current portion of a long-term lease obligation that comes due next year b. A declared property dividend c. Sick pay benefits that accumulate but do not vest d. Short-term debt that is being refinanced on a long-term basis

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Swifty Supply Co. has the following transactions related to notes receivable during the last 2 months of 2027. The company does not make entries to accrue interest except at December 31. Nov. 1 Loaned $30,000 cash to Manny Lopez on a 12 month, 10% note. Dec. 11 Sold goods to Ralph Kremer, Inc., receiving a $85,500, 90-day, 8% note. 16 Received a $87,840, 180 day. 10% note to settle an open account from Joe Fernetti. 31 Accrued interest revenue on all notes receivable. (a) Journalize the transactions for Swifty Supply Co. (Ignore entries for cost of goods sold.) (Credit account titles are automatically indented when amount is entered. Do not indent manually. Use 360 days for cal in the order presented in the problem. List all debit entries before credit entries.) Date Account Titles and Explanation Debit Credit

Answer 2

Question

Chapter 21, Problem E21.27E

To determine

Concept Introduction:

Total Fixed cost and fixed cost per unit:

The total fixed cost can be defined as the cost that does not change with the level of output. It remains same at all levels of output. The fixed cost per unit can be defined as the fixed cost that can be assigned to one unit.

$F i x e d c o s t p e r u n i t = \frac{F i x e d c o s t}{T o t a l n u m b e r o f u n i t s}$

Requirement 1

To determine:

Fixed cost per unit when sales 45 units for each fixed cost.

To determine

Requirement 2

To determine:

Fixed cost per unit when sales 90 units for each fixed cost.

To determine

Requirement 3

To determine:

Fixed cost per unit when sales 180 units for each fixed cost.

Expert Solution & Answer

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Check out a sample textbook solution

See solution

Answer 3

Question

Chapter 21, Problem E21.27E

To determine

Concept Introduction:

Total Fixed cost and fixed cost per unit:

The total fixed cost can be defined as the cost that does not change with the level of output. It remains same at all levels of output. The fixed cost per unit can be defined as the fixed cost that can be assigned to one unit.

$F i x e d c o s t p e r u n i t = \frac{F i x e d c o s t}{T o t a l n u m b e r o f u n i t s}$

Requirement 1

To determine:

Fixed cost per unit when sales 45 units for each fixed cost.

To determine

Requirement 2

To determine:

Fixed cost per unit when sales 90 units for each fixed cost.

To determine

Requirement 3

To determine:

Fixed cost per unit when sales 180 units for each fixed cost.

Expert Solution & Answer

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Check out a sample textbook solution

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Answer 4

Question

Chapter 21, Problem E21.27E

To determine

Concept Introduction:

Total Fixed cost and fixed cost per unit:

The total fixed cost can be defined as the cost that does not change with the level of output. It remains same at all levels of output. The fixed cost per unit can be defined as the fixed cost that can be assigned to one unit.

$F i x e d c o s t p e r u n i t = \frac{F i x e d c o s t}{T o t a l n u m b e r o f u n i t s}$

Requirement 1

To determine:

Fixed cost per unit when sales 45 units for each fixed cost.

To determine

Requirement 2

To determine:

Fixed cost per unit when sales 90 units for each fixed cost.

To determine

Requirement 3

To determine:

Fixed cost per unit when sales 180 units for each fixed cost.

Expert Solution & Answer

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Answer 5

Chapter 21, Problem E21.27E

To determine

Concept Introduction:

Total Fixed cost and fixed cost per unit:

The total fixed cost can be defined as the cost that does not change with the level of output. It remains same at all levels of output. The fixed cost per unit can be defined as the fixed cost that can be assigned to one unit.

$F i x e d c o s t p e r u n i t = \frac{F i x e d c o s t}{T o t a l n u m b e r o f u n i t s}$

Requirement 1

To determine:

Fixed cost per unit when sales 45 units for each fixed cost.

To determine

Requirement 2

To determine:

Fixed cost per unit when sales 90 units for each fixed cost.

To determine

Requirement 3

To determine:

Fixed cost per unit when sales 180 units for each fixed cost.

Answer 6

Chapter 21, Problem E21.27E

To determine

Concept Introduction:

Total Fixed cost and fixed cost per unit:

The total fixed cost can be defined as the cost that does not change with the level of output. It remains same at all levels of output. The fixed cost per unit can be defined as the fixed cost that can be assigned to one unit.

$F i x e d c o s t p e r u n i t = \frac{F i x e d c o s t}{T o t a l n u m b e r o f u n i t s}$

Requirement 1

To determine:

Fixed cost per unit when sales 45 units for each fixed cost.

Answer 7

Chapter 21, Problem E21.27E

To determine

Concept Introduction:

Total Fixed cost and fixed cost per unit:

The total fixed cost can be defined as the cost that does not change with the level of output. It remains same at all levels of output. The fixed cost per unit can be defined as the fixed cost that can be assigned to one unit.

$F i x e d c o s t p e r u n i t = \frac{F i x e d c o s t}{T o t a l n u m b e r o f u n i t s}$

Requirement 1

To determine:

Fixed cost per unit when sales 45 units for each fixed cost.

Answer 8

To determine

Requirement 2

To determine:

Fixed cost per unit when sales 90 units for each fixed cost.

Answer 9

To determine

Requirement 2

To determine:

Fixed cost per unit when sales 90 units for each fixed cost.

Answer 10

To determine

Requirement 3

To determine:

Fixed cost per unit when sales 180 units for each fixed cost.

Answer 11

To determine

Requirement 3

To determine:

Fixed cost per unit when sales 180 units for each fixed cost.

Answer 12

Expert Solution & Answer

Answer 13

Expert Solution & Answer

Answer 14

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Answer 15

Ch. 21 - For Frank’s Funky Sounds, straight-line...Ch. 21 - Prob. 2QC Ch. 21 - Prob. 3QC Ch. 21 - Prob. 4QC Ch. 21 - Prob. 5QC Ch. 21 - On a CVP graph, the total cost line intersects the...Ch. 21 - If a company increases its sales price per unit...Ch. 21 - Prob. 8QC Ch. 21 - Prob. 9QC Ch. 21 - Prob. 10QC

Requirement 2 To determine: Fixed cost per unit when sales 90 units for each fixed cost.

Requirement 3 To determine: Fixed cost per unit when sales 180 units for each fixed cost.

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Chapter 21 Solutions

Requirement 2

To determine:

Fixed cost per unit when sales 90 units for each fixed cost.

Requirement 3

To determine:

Fixed cost per unit when sales 180 units for each fixed cost.