MANAGERIAL ACCT. F/MANAGERS (LL)-W/ACCES
6th Edition
ISBN: 9781266395420
Author: Noreen
Publisher: MCG CUSTOM
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Chapter IE, Problem 11E
1.a.
To determine
Introduction: Total fixed costs do not change with the change in activity base or unit. In the other words, it remains the same at all levels of production. For instance, rent, interest on loans,
The total fixed cost for the Year 2023.
2a.
To determine
Introduction: The income statement of the business shows all income and expenses of the business at the end of the accounting period. It shows the net income or loss for the business. This is one of the financial statements of the business, which is used for analyzing the profitability of the business.
To show: The variable costing income statement for the Year 2023.
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Hi experts please provide answer this financial accounting question
A company enters into a contract to sell 70 products to a customer for $80 each. After the company transfers 30 of the 70 products, the customer orders an additional 25 products. The contract is modified, and the additional 25 products are priced at $40 each. $40 is not reflective of the product's standalone selling price. What is the price per product for the remaining 65 products (40 products from the original contract and 25 products from the modification)?
A.
$80 for the remaining 40 from the original contract and $40 for the additional 25products from the modification
B.
$60, the average of the prices for the remaining products
C.
$40, the new price for the products specified in the contract modification
D.
$64.62, the blended price for the products from the original contract and the modification
Chapter IE Solutions
MANAGERIAL ACCT. F/MANAGERS (LL)-W/ACCES
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