Find the break-even point
A production process requires a fixed cost of $50,000. The variable cost per unit is $25 and the revenue per unit is projected to be $45. Find the break-even point.
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Why should the variable costing method be more useful for managers in making decisions? Are there any circumstances where variable costing can be used for external reporting?
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A bed and breakfast breaks even every month if they book 30 rooms over the course of a month. Their fixed cost is $4200 per month and the revenue they receive from each booked room is $180. What is their variable cost per occupied room?
Epcott corp had sales of $480,000 for the year ended december 31, 2004. the beginning balance of accounts receiveable was $28,000, and ending balance was $20,000.
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On jan 1 2004 apple inc. purchase a 3 yr insurance policy for $6,000. on dec 31, 2004 the fiscal year-end for apple. what entry, if any, is required to relate to this insurance policy?
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