Sales is an activity of selling the merchandise inventory of a business. To Describe: Whether sales tax should recorded at the time of slae or at the time of payment.

Question

Albert Crafts produces two types of handmade candles: Standard and Luxury. The Standard candle sells for $12 with variable costs of $8 per unit, while the Luxury candle sells for $25 with variable costs of $15 per unit. Albert Crafts maintains a sales mix ratio of 70% Standard and 30% Luxury candles. Monthly fixed costs total $42,000. How many total candles (of both types combined) must Albert Crafts sell to break even?help

Answer 1

Question

Chapter 6, Problem 6.17EX

(a)

To determine

Sales is an activity of selling the merchandise inventory of a business.

To Describe: Whether sales tax should recorded at the time of slae or at the time of payment.

(b)

To determine

To Describe: The amount that should recorded as sales.

(c)

To determine

To Describe: The amount debited to accounts receivable.

(d)

To determine

To Describe: The the title of the account to which $2,880 is credited.

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Albert Crafts produces two types of handmade candles: Standard and Luxury. The Standard candle sells for $12 with variable costs of $8 per unit, while the Luxury candle sells for $25 with variable costs of $15 per unit. Albert Crafts maintains a sales mix ratio of 70% Standard and 30% Luxury candles. Monthly fixed costs total $42,000. How many total candles (of both types combined) must Albert Crafts sell to break even?help

Please help me solve this financial accounting problem with the correct financial process.

Cameron Manufacturing's break-even point in sales is $1,875,000, and its variable expenses are 65% of sales. If the company lost $84,000 last year, what must have been the total sales?

Answer 2

Question

Chapter 6, Problem 6.17EX

(a)

To determine

Sales is an activity of selling the merchandise inventory of a business.

To Describe: Whether sales tax should recorded at the time of slae or at the time of payment.

(b)

To determine

To Describe: The amount that should recorded as sales.

(c)

To determine

To Describe: The amount debited to accounts receivable.

(d)

To determine

To Describe: The the title of the account to which $2,880 is credited.

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Answer 3

Question

Chapter 6, Problem 6.17EX

(a)

To determine

Sales is an activity of selling the merchandise inventory of a business.

To Describe: Whether sales tax should recorded at the time of slae or at the time of payment.

(b)

To determine

To Describe: The amount that should recorded as sales.

(c)

To determine

To Describe: The amount debited to accounts receivable.

(d)

To determine

To Describe: The the title of the account to which $2,880 is credited.

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Answer 4

Question

Chapter 6, Problem 6.17EX

(a)

To determine

Sales is an activity of selling the merchandise inventory of a business.

To Describe: Whether sales tax should recorded at the time of slae or at the time of payment.

(b)

To determine

To Describe: The amount that should recorded as sales.

(c)

To determine

To Describe: The amount debited to accounts receivable.

(d)

To determine

To Describe: The the title of the account to which $2,880 is credited.

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Answer 5

Chapter 6, Problem 6.17EX

(a)

To determine

Sales is an activity of selling the merchandise inventory of a business.

To Describe: Whether sales tax should recorded at the time of slae or at the time of payment.

(b)

To determine

To Describe: The amount that should recorded as sales.

(c)

To determine

To Describe: The amount debited to accounts receivable.

(d)

To determine

To Describe: The the title of the account to which $2,880 is credited.

Answer 6

Chapter 6, Problem 6.17EX

(a)

To determine

Sales is an activity of selling the merchandise inventory of a business.

To Describe: Whether sales tax should recorded at the time of slae or at the time of payment.

Answer 7

Chapter 6, Problem 6.17EX

(a)

To determine

Sales is an activity of selling the merchandise inventory of a business.

To Describe: Whether sales tax should recorded at the time of slae or at the time of payment.

Answer 8

(b)

To determine

To Describe: The amount that should recorded as sales.

Answer 9

(b)

To determine

To Describe: The amount that should recorded as sales.

Answer 10

(c)

To determine

To Describe: The amount debited to accounts receivable.

Answer 11

(c)

To determine

To Describe: The amount debited to accounts receivable.

Answer 12

(d)

To determine

To Describe: The the title of the account to which $2,880 is credited.

Answer 13

(d)

To determine

To Describe: The the title of the account to which $2,880 is credited.

Answer 14

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Answer 15

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Answer 25

Ch. 6 - What distinguishes a merchandising business from a...Ch. 6 - Can a business earn a gross profit but incur a net...Ch. 6 - The credit period during which the buyer of...Ch. 6 - Prob. 4DQ Ch. 6 - Prob. 5DQ Ch. 6 - Prob. 6DQ Ch. 6 - Who bears the freight when the terms of sale are...Ch. 6 - Name four accounts that would normally appear in...Ch. 6 - Audio Outfitter Inc., which uses a perpetual...Ch. 6 - Assume that Audio Outfitter Inc. in Discussion...

Sales is an activity of selling the merchandise inventory of a business. To Describe: Whether sales tax should recorded at the time of slae or at the time of payment.

Solution Summary: The author explains that sales tax is recorded at the time of slae or at payment. The amount of 36,000 should be recorded as sales.

Sales is an activity of selling the merchandise inventory of a business.

To Describe: Whether sales tax should recorded at the time of slae or at the time of payment.

To Describe: The amount that should recorded as sales.

To Describe: The amount debited to accounts receivable.

To Describe: The the title of the account to which $2,880 is credited.

Chapter 6 Solutions