Homework Answers
Fixed cost remains same irrespective of number of units. So, fixed cost will be $61,880 even if it sells 47700 units.
Therefore, the correct answer is option 2nd, $61,880.
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Save & EXIT Submit When Greenway, Inc. sells 44,200 units, its total fixed cost is $61,880....
When Greenway, Inc. sells 43,900 units, its total fixed cost is $83,410. What is its total...
When Greenway, Inc. sells 43,900 units, its total fixed cost is $83,410. What is its total fixed cost when it sells 50,400 units? Multiple Choice $71,060 $120,460 $83,410 $95,760
When Greenway, Inc. sells 41,600 units, its total fixed cost is $99,840. What is its total...
When Greenway, Inc. sells 41,600 units, its total fixed cost is $99,840. What is its total fixed cost when it sells 53,200 units Multiple Choice $72,000 $99,840 $127.680 $183,360
When Greenway, Inc. sells 49,400 units, its total fixed cost is $138,320. What is its total...
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Help Save & Exit Submit A company had beginning inventory of 12 units at a cost...
Help Save & Exit Submit A company had beginning inventory of 12 units at a cost of $18 each on March 1. On March 2. it purchased 12 units at $30 each. On March 6 lt purchased 7 units at $23 each. On March 8, it sold 28 units for $66 each. Using the perpetual FIFO inventory method, what was the cost of the 28 units sold? Multiple Choice O $558 O $668 o $576 o $644 O $737 <...
Wu Company incurred $44,200 of fixed cost and $54,600 of variable cost when 2,100 units of...
Wu Company incurred $44,200 of fixed cost and $54,600 of variable cost when 2,100 units of product were made and sold. If the company's volume doubles, the total cost per unit will: Multiple Choice increase but will not double. stay the same. double as well. decrease.
Help Save & Exit Submit Check my work OceanGate sells external hard drives for $280 each. Its total fixed cost...
Help Save & Exit Submit Check my work OceanGate sells external hard drives for $280 each. Its total fixed costs are $40 million, and its variable costs per unit are $230. The corporate tax rate is 30%. If the economy is strong, the firm will sell 2 million drives, but if there is a recession, it will sell only half as many a. What will be the percentage decline in sales if the economy enters a recession? Percentage decline in...
APTERS 5 AND 6 6 Help Save & Exit Submit Jilk Inc.'s contribution margin ratio is 61% and its fixed monthly exp...
APTERS 5 AND 6 6 Help Save & Exit Submit Jilk Inc.'s contribution margin ratio is 61% and its fixed monthly expenses are $48,500. Assuming that the fixed monthly expenses do not change, what is the best estimate of the company's net operating income in a month when sales are $139,000? Multiple Choice Ο Ο Ο 536.290 Ο $90,500
1 Seved Help Save & Exit Submit A company produces and sells a single product. The...
1 Seved Help Save & Exit Submit A company produces and sells a single product. The company has provided its contribution format income statement for November Sales (6,800 units) Variable expenses Contribution margin Fixed expenses Net operating income $ 401,200 265,200 136,000 103,500 $ 32,500 If the company sells 6,700 units, Its net operating income should be closest to: (Do not round intermediate calculations.) Multiple Choice $28,000 $32,500
One-Pietr o Systems - NFS-300-002 Quiz 1 Help Save & Exit Submit Perteet Corporation's relevant range...
One-Pietr o Systems - NFS-300-002 Quiz 1 Help Save & Exit Submit Perteet Corporation's relevant range of activity is 3.300 units to 7.500 units. When it produces and sells 5,400 units, its average costs per unit are as follows: Skipped Direct materials Direct labor Variable manufacturing overhead Fixed manufacturing overhead Fixed selling expense Fixed administrative expense Sales commissions Variable administrative expense Average Cost per Unit $6.20 $3.15 $1.30 $3.10 $0.60 $0.30 $0.40 $0.45 If 4.200 units are produced, the total...
Help Save & Exit Submit McQueen, Inc. buys premium ice cream at a cost of $4.75...
Help Save & Exit Submit McQueen, Inc. buys premium ice cream at a cost of $4.75 a gallon and sells it for $10.50 a gallon Selling, general, and administrative expenses are $2.05 per gallon Which of the following statements is correct? Multiple Choice O Gross profit per gallon is $575. O Gross profit per Gallon is $370 ) The difference between the selling price and the cost is recorded in the Net Profit account C ) The difference between the...
When Greenway, Inc. sells 41,600 units, its total fixed cost is $99,840. What is its total fixed cost when it sells 53,200 units Multiple Choice $72,000 $99,840 $127.680 $183,360
When Greenway, Inc. sells 49,400 units, its total fixed cost is $138,320. What is its total fixed cost when it sells 50,700 units? Multiple Choice 0 $134,680 0 $141,960 0 $149.240 0 $138 320
Help Save & Exit Submit A company had beginning inventory of 12 units at a cost of $18 each on March 1. On March 2. it purchased 12 units at $30 each. On March 6 lt purchased 7 units at $23 each. On March 8, it sold 28 units for $66 each. Using the perpetual FIFO inventory method, what was the cost of the 28 units sold? Multiple Choice O $558 O $668 o $576 o $644 O $737 <...
Wu Company incurred $44,200 of fixed cost and $54,600 of variable cost when 2,100 units of product were made and sold. If the company's volume doubles, the total cost per unit will: Multiple Choice increase but will not double. stay the same. double as well. decrease.
Help Save & Exit Submit Check my work OceanGate sells external hard drives for $280 each. Its total fixed costs are $40 million, and its variable costs per unit are $230. The corporate tax rate is 30%. If the economy is strong, the firm will sell 2 million drives, but if there is a recession, it will sell only half as many a. What will be the percentage decline in sales if the economy enters a recession? Percentage decline in...
APTERS 5 AND 6 6 Help Save & Exit Submit Jilk Inc.'s contribution margin ratio is 61% and its fixed monthly expenses are $48,500. Assuming that the fixed monthly expenses do not change, what is the best estimate of the company's net operating income in a month when sales are $139,000? Multiple Choice Ο Ο Ο 536.290 Ο $90,500
1 Seved Help Save & Exit Submit A company produces and sells a single product. The company has provided its contribution format income statement for November Sales (6,800 units) Variable expenses Contribution margin Fixed expenses Net operating income $ 401,200 265,200 136,000 103,500 $ 32,500 If the company sells 6,700 units, Its net operating income should be closest to: (Do not round intermediate calculations.) Multiple Choice $28,000 $32,500
One-Pietr o Systems - NFS-300-002 Quiz 1 Help Save & Exit Submit Perteet Corporation's relevant range of activity is 3.300 units to 7.500 units. When it produces and sells 5,400 units, its average costs per unit are as follows: Skipped Direct materials Direct labor Variable manufacturing overhead Fixed manufacturing overhead Fixed selling expense Fixed administrative expense Sales commissions Variable administrative expense Average Cost per Unit $6.20 $3.15 $1.30 $3.10 $0.60 $0.30 $0.40 $0.45 If 4.200 units are produced, the total...
Help Save & Exit Submit McQueen, Inc. buys premium ice cream at a cost of $4.75 a gallon and sells it for $10.50 a gallon Selling, general, and administrative expenses are $2.05 per gallon Which of the following statements is correct? Multiple Choice O Gross profit per gallon is $575. O Gross profit per Gallon is $370 ) The difference between the selling price and the cost is recorded in the Net Profit account C ) The difference between the...
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