Chapter 2.3, Problem 4AYU

The gain or loss on disposal?

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How much must Martinez include in his gross income

During FY 2020, Dorchester Company plans to sell Widgets for $14 a unit. Current variable costs are $6 a unit and fixed costs are expected to total $146,000. Use this information to determine the dollar value of sales for Dorchester to break even. (Round to the nearest whole dollar.)

Accounting question

financial account

Costanzo Company manufactures a specialty line of silk-screened blouses. The company uses a job-order costing system. During the month, the following costs were incurred on Job 1041: Direct materials Direct labor $ 54,800 $ 19,200 In addition, selling and shipping costs of $28,000 were incurred on the job. Manufacturing overhead was applied at the rate of $25 per machine-hour (MH) and Job 1041 required 320 MHS. If Job 1041 consisted of 5,000 blouses (or units), what is the cost of goods sold per unit?

Provide correct answer financial Accounting