LO 2.3Markson and Sons leases a copy machine with terms that include a fixed fee each...
LO 2.3Markson and Sons leases a copy machine with terms that include a fixed fee each month of $500 plus a charge for each copy made. The company uses the high-low method to analyze costs. If Markson paid $360 for 5.000 copies and $280 for 3,000 copies how much would Markson pay if it made 7.500 copies ?
Homework Answers
Variable cost per copy = Change in Cost/Change in Copy = (360-280)/(5000-3000) = 0.04
Fixed cost = 360-(5000*.04) = 160
Markson should pay = 500+(7500*.04) = 800
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LO 2.3Markson and Sons leases
a copy machine with terms that include a fixed fee each...
LO 2.3Markson and Sons leases a copy machine with terms that include a fixed fee each...
LO 2.3Markson and Sons leases a copy machine with terms that include a fixed fee each month of $500 plus a charge for each copy made. The company uses the high-low method to analyze costs. If Markson paid $360 for 5.000 copies and $280 for 3,000 copies how much would Markson pay if it made 7.500 copies ?
Fulton and Sons, Inc. presently leases a copy machine under an agreement that calls for a...
Fulton and Sons, Inc. presently leases a copy machine under an agreement that calls for a fixed fee each month and a charge for each copy made. Fulton made 9,000 copies and paid a total of $420 in March; in May, the firm paid $380 for 5,000 copies. The company uses the high-low method to analyze costs. How much would Fulton pay if it made 5,200 copies? (Round your intermediate calculations to 3 decimal places final answer to 2 decimal...
2. Brock Morton has a fast-food franchise and on sales in terms of cost behavior, feed...
2. Brock Morton has a fast-food franchise and on sales in terms of cost behavior, feed pay c chief of 543.000 ep fixed cost. Derrible con E. curvilinear cost Felton and Sons, Ine presently see a copy machine under an agree that the forsed fee each month and a charge for each copy Pulton made 7.000 5360 in March in May, the paid $20 for 3,000 copies. The company was method to analyze costs 3. Palton's variable cont per copy...
The company leases a machine which calls for a fixed charge plus a fee for each...
The company leases a machine which calls for a fixed charge plus a fee for each hour of usage. In November the company used the machine for 6,917 hours and paid $1,166. In December the company used the machine for 5,183 hours and paid $1,042. How much is the fixed monthly charge?
Flexo Printing Company currently leases its only copy machine for $1,400 a month. The company is...
Flexo Printing Company currently leases its only copy machine for $1,400 a month. The company is considering replacing this leasing agreement with a new contract that is entirely commission based. Under the new agreement Flexo would pay a commission for its printing at a rate of $25 for every 500 pages printed. The company currently charges $0.25 per page to its customers. The paper used in printing costs the company $0.04 per page and other variable costs, including hourly labor,...
chapter 12 series B exercises PLEASE andise on account from Sillas avice No 12,53,100, terms 1/10,...
chapter 12 series B exercises
PLEASE
andise on account from Sillas avice No 12,53,100, terms 1/10, a Company 5 Returned merchandive purchased from Tang's Toys, receiving a credit wmemo on the amount owed, $500 s Parchased merchandise on account from Daisy's Dolls, Invoice No. 139, $1,900, terms 2/10, /30. 11 Issued Check No.415 t0 Tang's Toys for merchandise parchased on account, less return of luly 5 and less 2% dincount 13 Issoed Check No. 416 to Sillas & Company for...
Question 1 (40 marks) Refer to Table 1. Write the Excel formula for each cell marked...
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2) compute contribution margin for each channel 3) compute break even point (in terms of number...
2) compute contribution margin for each channel
3) compute break even point (in terms of number of orders and
dollars) for each distribution channel
(HINT - Fixed costs are all trade show expenses. Use
depreciation for the booth as a fixed cost. The booth cost should
be considered an investment not a fixed cost)
4) Calculate the number of orders at a target profit of
$100,000
5) Calculate the profitability for both the low and high order
estimates
We were...
In 1985 Bill Thomas took $6,000 of his savings, borrowed another $4,000 from his best friend,...
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1) 1) Goods in transit are automatically included in inventory regardless of whether title has passed...
1) 1) Goods in transit are automatically included in inventory regardless of whether title has passed to the buyer. A) True B) False 2) 2) An advantage of FIFO is that it assigns the most recent costs to cost of goods sold, and does a better job of matching current costs with revenues on the income statement. A) True B) False 3) 3) Errors in the period-end inventory balance only affect the current period's records and financial statements. A) True...
Fulton and Sons, Inc. presently leases a copy machine under an agreement that calls for a fixed fee each month and a charge for each copy made. Fulton made 9,000 copies and paid a total of $420 in March; in May, the firm paid $380 for 5,000 copies. The company uses the high-low method to analyze costs. How much would Fulton pay if it made 5,200 copies? (Round your intermediate calculations to 3 decimal places final answer to 2 decimal...
2. Brock Morton has a fast-food franchise and on sales in terms of cost behavior, feed pay c chief of 543.000 ep fixed cost. Derrible con E. curvilinear cost Felton and Sons, Ine presently see a copy machine under an agree that the forsed fee each month and a charge for each copy Pulton made 7.000 5360 in March in May, the paid $20 for 3,000 copies. The company was method to analyze costs 3. Palton's variable cont per copy...
Flexo Printing Company currently leases its only copy machine for $1,400 a month. The company is considering replacing this leasing agreement with a new contract that is entirely commission based. Under the new agreement Flexo would pay a commission for its printing at a rate of $25 for every 500 pages printed. The company currently charges $0.25 per page to its customers. The paper used in printing costs the company $0.04 per page and other variable costs, including hourly labor,...
chapter 12 series B exercises
PLEASE
andise on account from Sillas avice No 12,53,100, terms 1/10, a Company 5 Returned merchandive purchased from Tang's Toys, receiving a credit wmemo on the amount owed, $500 s Parchased merchandise on account from Daisy's Dolls, Invoice No. 139, $1,900, terms 2/10, /30. 11 Issued Check No.415 t0 Tang's Toys for merchandise parchased on account, less return of luly 5 and less 2% dincount 13 Issoed Check No. 416 to Sillas & Company for...
Question 1 (40 marks) Refer to Table 1. Write the Excel formula for each cell marked with "" in column C such that formula could be copied and pasted into columns D, and E using Microsoft Excel without further editing, There is no need to explicitly write the Excel formula for cells marked with "Copy & paste". Label each formula clearly with cell reference position. In many country towns of China, there is no western coffee shop such as Starbucks...
2) compute contribution margin for each channel
3) compute break even point (in terms of number of orders and
dollars) for each distribution channel
(HINT - Fixed costs are all trade show expenses. Use
depreciation for the booth as a fixed cost. The booth cost should
be considered an investment not a fixed cost)
4) Calculate the number of orders at a target profit of
$100,000
5) Calculate the profitability for both the low and high order
estimates
We were...
1) 1) Goods in transit are automatically included in inventory regardless of whether title has passed to the buyer. A) True B) False 2) 2) An advantage of FIFO is that it assigns the most recent costs to cost of goods sold, and does a better job of matching current costs with revenues on the income statement. A) True B) False 3) 3) Errors in the period-end inventory balance only affect the current period's records and financial statements. A) True...
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