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A Shavon company has total fixed costs of $6,000,000 and total variable cost of $3,000,000 at a volume level of 300,000 units. What price would be charged if the company used cost plus pricing and a
If demand falls to 40,000 units and the company wants to continue to charge the same price what profit margin percent will the company earn?
Normally, Contreras has a variable cost of $280 per unit. The annual fixed cost of $2,000,000 would be unaffected by the special order. What would be the impact on profits if Contreras were to accep
A company has a total cost of $50.00 per unit at a volume of 100,000 units. The variable cost per unit is $20.00. What would the price be if the company expected a volume of 120,000 units and used a
A manufacturing company produces and sells 20,000 units of a single product. Total production costs are $14/unit. If the total sales are $560,000 what mark up percentage is the company using?
A company has $25 per unit in variable costs and $1,000,000 per year in fixed costs. Demand is estimated to be 100,000 units annually. What is the price if a markup of 40% on total cost is used to d
A customer places 10 orders with a total direct cost of $3,000, orders 300 separate items, and makes 5 returns. What will the customer be charged?
Journalize the transactions and the closing entry for net income.
The Tobias Company has 12 obsolete computers that are carried in inventory at a cost of $13,200. If these computers are upgraded at a cost of $7,500, they could be sold for $19,500. Alternatively, t
Note: Cost allocations are computed to 4 significant digits. Resulting values are rounded to the whole dollar. If the purchasing department makes 140,260 copies this year what will be their allocate
The Baldwin Wholesale Company began 2011 with inventory of $400,000 and ended the year with inventory of $500,000. The company's gross profit ratio is 25%, inventory turnover ratio is 2, and receiva
A company sells two products - X and Y. Product X is sold at a price of $50 and has a variable cost of $25. Product Y is sold at a price of $25 and has a variable cost of $20. Product X and Y are so
John's Camera is considering changing its production process. With the change in production, John's Camera will lower its fixed to $80,000 but raise its variable costs to $90 per unit. Should John's
Is Margaret's behavior regarding the cost information she provided to Susan unethical? Explain your answer.
the company has determined that they would be able to sell the original machine for $30,000. In making the decision about buying the new machine, how much are total sunk costs?
Materials and labor are the only variable costs. Under what situation should the company lower the price of its windows?
We have all been taught that price is controlled by supply and demand in capitalistic markets.
In June they plan to produce 3,000 units. What is their production cost per unit for May and total production costs for June?
Costs of installation (excluding the storage costs) amounted to $800. The amount to be capitalized as the cost of the machine is ?
The excess or deficiency of cash available over disbursements on the cash budget is calculated as follows:
In an attempt to distribute quality control costs more equitably, Weber is considering activity-based costing (ABC). The monthly data shown below have been gathered for the main product. The three a
Costs added during the month were $330,000 for materials and $503,750 for conversion. Required: Using the weight-average method, calculate: A. Total equivalent units for materials and conversion
Assuming that all direct materials are placed in process at the beginning of production and that the first-in, first-out method of inventory costing is used, what is the total cost of the department
Discuss the Fraud Triangle (Motivation, Opportunity, and Rationalism)? How do you think employee fraud differs from management fraud and what is the impact on the audit of these differences?
What is the amount of income before income taxes that Arthur should report on this leased asset for the year ended December 31, 2009?