Does anyone can explain to me when income tax applied is there any effect on calculating...
Homework Answers
Dear Student,
Reason why income tax is not calculated at break even point because at break even point you are not generating any income.
Break even point is where your Contribution (Sales-Variable Cost) = Fixed Cost.
Break even point is a level at which the company/person has no profit/loss,below this level the person will have loss and exceeding the level will give him profit.
Therefore,at break even point income tax is not considered.
Add Answer to:
Does anyone can explain to me when income tax applied is there any
effect on calculating...
can anyone help me to solve this? CT5.2 The condensed income statement for Peri and Paul...
can
anyone help me to solve this?
CT5.2 The condensed income statement for Peri and Paul ple for 2020 is as follows. Peri and Paul ple Income Statement For the Year Ended December 31, 2020 Sales (240,000 units) £1.200,000 Cost of goods sold 800,000 Gross profit 400,000 Operating expenses Selling £280,000 Administrative 150,000 430,000 Net loss £ (30,000) A cost behavior analysis indicates that 75% of the cost of goods sold are variable, 42% of the selling expenses are variable,...
can anyone help me to solve this? P5.4 (LO 3,4,5), E Bora Lee is the advertising...
can
anyone help me to solve this?
P5.4 (LO 3,4,5), E Bora Lee is the advertising manager for Bargain Shoe Store. She is currently working on a major promotional campaign. Her ideas include the installation of a new lighting system and increased display space that will add W24,000,000 in fixed costs to the W270,000,000 currently spent. In addition, Bora is proposing that a 5% price decrease (W40,000 to W38,000) will produce a 20% increase in sales volume (20,000 to 24,000)....
A contribution margin income statement organizes costs by behavior
Contribution Margin Income StatementA contribution margin income statement organizes costs by behavior (variable or fixed), rather than by function (operating, selling, or administrative). The contribution margin is the difference between sales and variable expenses .Byron Manufacturing has one product that sells for $24.00 per unit. The company estimates fixed costs at $6,000, direct materials at $4.00 per unit, direct labor at $5.00 per unit, and variable overhead costs at $3.00 per unit.Fill in the contribution margin income statement when 730...
Can anyone who answers this please explain where you get numbers from if u have to...
Can anyone who answers this please explain where you get
numbers from if u have to add anything together or multiply for
example. Also I know some of the numbers I have are very likely
incorrect
Blossom Company bottles and distributes B-Lite, a diet soft drink. The beverage is sold for 50 cents per 16-ounce bottle to retailers, who charge customers 75 cents per bottle. For the year 2020, management estimates the following revenues and costs. Sales Direct materials Direct...
Can anyone explain to me what the Velocity Area method for measuring river or water flow...
Can anyone explain to me what the Velocity Area method for measuring river or water flow is? My guess is that the product of the cross sectional area and the velocity of water flowing in a pipe is always constant. If the Cross sectional area of the pipe increases at a particular point, then the velocity decreases so that the product AV is a constant. Am I right? If so, how can we extend this to pipes where the water...
Can anyone help me with this last few problems? Show Me How Absorption costing Income Statement...
Can anyone help me with this last few problems?
Show Me How Absorption costing Income Statement For the Month Ended August 31 Sales $ 1,200,000 Cost of goods sold 835,000 Gross profit s 365,000 Selling and administrative expenses 233,400 Income from operations Feedback Check My Work b. Prepare an income statement according to the variable costing concept. Shawnee Motors Inc. Variable Costing Income Statement For the Month Ended August 31 Sales $ 1,200,000 Variable cost of goods sold 764,000 Manufacturing...
A contribution margin income statement organizes costs by behavior (variable or fixed), rather than by function...
A contribution margin income statement organizes costs by behavior (variable or fixed), rather than by function (operating, selling, or administrative). The contribution margin is the difference between sales and variable expenses. Byron Manufacturing has one product that sells for $24.00 per unit. The company estimates fixed costs at $6,000, direct materials at $4.00 per unit, direct labor at $5.00 per unit, and variable overhead costs at $3.00 per unit. Fill in the contribution margin income statement when 730 units are...
Hello! Can someone please explain how to solve this to me? I am stuck and I can't find this problem in my textbook, than...
Hello!
Can someone please explain how to solve this to me? I am stuck
and I can't find this problem in my textbook,
thanks!
Margin of Safety Comer Company produces and sells strings of colorful indoor/outdoor lights for holiday display to retailers for $16.02 per string. The variable costs per string are as follows: Direct materials $1.87 Direct labor 1.70 Variable factory overhead 0.57 Variable selling expense 0.42 Fixed manufacturing cost totals $835,434 per year. Administrative cost (all fixed) totals...
can anyone help me to solve this?part b and c please explain more about the answers...
can
anyone help me to solve this?part b and c
please explain more about the answers
Ethics Case CT7.5 Bima Yatsen became Chief Executive Officer of Pahlawan Enterprises two years ago. At the time, the company was reporting lagging profits, and Bima was brought in to "stir things up." The company has three divisions, electronics, fiber optics, and plumbing supplies. Bima has no interest in plumbing supplies, and one of the first things he did was to put pressure on...
Can someone please explain where did the 270,000 net income and 45000 units at price 58...
Can someone please explain where did the 270,000 net income and
45000 units at price 58 came from. I read the explanation but didnt
find it helpful at all.
Thank you.
Minden Company introduced a new product last year for which it is trying to find an optimal selling price. Marketing studies suggest that the company can increase sales by 5,000 units for each $2 reduction in the selling price. The company's present selling price is $70 per unit, and...
can
anyone help me to solve this?
CT5.2 The condensed income statement for Peri and Paul ple for 2020 is as follows. Peri and Paul ple Income Statement For the Year Ended December 31, 2020 Sales (240,000 units) £1.200,000 Cost of goods sold 800,000 Gross profit 400,000 Operating expenses Selling £280,000 Administrative 150,000 430,000 Net loss £ (30,000) A cost behavior analysis indicates that 75% of the cost of goods sold are variable, 42% of the selling expenses are variable,...
can
anyone help me to solve this?
P5.4 (LO 3,4,5), E Bora Lee is the advertising manager for Bargain Shoe Store. She is currently working on a major promotional campaign. Her ideas include the installation of a new lighting system and increased display space that will add W24,000,000 in fixed costs to the W270,000,000 currently spent. In addition, Bora is proposing that a 5% price decrease (W40,000 to W38,000) will produce a 20% increase in sales volume (20,000 to 24,000)....
Can anyone who answers this please explain where you get
numbers from if u have to add anything together or multiply for
example. Also I know some of the numbers I have are very likely
incorrect
Blossom Company bottles and distributes B-Lite, a diet soft drink. The beverage is sold for 50 cents per 16-ounce bottle to retailers, who charge customers 75 cents per bottle. For the year 2020, management estimates the following revenues and costs. Sales Direct materials Direct...
Can anyone help me with this last few problems?
Show Me How Absorption costing Income Statement For the Month Ended August 31 Sales $ 1,200,000 Cost of goods sold 835,000 Gross profit s 365,000 Selling and administrative expenses 233,400 Income from operations Feedback Check My Work b. Prepare an income statement according to the variable costing concept. Shawnee Motors Inc. Variable Costing Income Statement For the Month Ended August 31 Sales $ 1,200,000 Variable cost of goods sold 764,000 Manufacturing...
Hello!
Can someone please explain how to solve this to me? I am stuck
and I can't find this problem in my textbook,
thanks!
Margin of Safety Comer Company produces and sells strings of colorful indoor/outdoor lights for holiday display to retailers for $16.02 per string. The variable costs per string are as follows: Direct materials $1.87 Direct labor 1.70 Variable factory overhead 0.57 Variable selling expense 0.42 Fixed manufacturing cost totals $835,434 per year. Administrative cost (all fixed) totals...
can
anyone help me to solve this?part b and c
please explain more about the answers
Ethics Case CT7.5 Bima Yatsen became Chief Executive Officer of Pahlawan Enterprises two years ago. At the time, the company was reporting lagging profits, and Bima was brought in to "stir things up." The company has three divisions, electronics, fiber optics, and plumbing supplies. Bima has no interest in plumbing supplies, and one of the first things he did was to put pressure on...
Can someone please explain where did the 270,000 net income and
45000 units at price 58 came from. I read the explanation but didnt
find it helpful at all.
Thank you.
Minden Company introduced a new product last year for which it is trying to find an optimal selling price. Marketing studies suggest that the company can increase sales by 5,000 units for each $2 reduction in the selling price. The company's present selling price is $70 per unit, and...
Most questions answered within 3 hours.
-
5. Discuss the use of fault tree analysis (FTA) for risk
assessment (maximum one paragraph).
asked 28 minutes ago -
Given that a sample of aluminium oxide has a Young's modulus of
393 GPa and a...
asked 2 hours ago -
At a certain temperature, the equilibrium constant, Kc, for this
reaction is 53.3.
H2(g)+I2(g)−⇀↽−2HI(g)Kc=53.3
At this...
asked 3 hours ago -
Question1 ) The STL provides similiar classes called stack and
queue, both of which gave functions...
asked 4 hours ago -
For Questions 1-4, assume you have 5 bits available:
1. For (positive) integers: What is the...
asked 4 hours ago -
convert grams into vloume with the density of water being at
.997514 g/cm^3 at 23.1 Celsuis...
asked 6 hours ago -
Foreman company obtained a $20,000, 6% loan on May 1, 2018.
Principal and interest will be...
asked 6 hours ago -
5. Problem 11.05 (Discounted Payback)
eBook
Project L costs $60,000, its expected cash inflows are $14,000
per...
asked 6 hours ago -
1. Which of the following is true about politics and health
organizations?
A. Health organizations are...
asked 7 hours ago -
A space vehicle is coasting at a constant velocity of 18.1 m/s
in the +y direction...
asked 8 hours ago -
5) Use the following balanced equation to answer questions
(a)-(i).
3 Cu(s) + 8 HNO3(aq) →...
asked 8 hours ago -
A three-year maturity bond with a 12% annual coupon rate is
currently traded at par $1000...
asked 8 hours ago