Homework Answers
| Total variable cost | 8000 | =40*200 |
| Add: Profit required | 4000 | |
| Total sales revenue | 12000 | |
| Divide by units | 40 | |
| Selling price per unit | 300 |
Add Answer to:
Knowledge Check 01 Walton Corporation is currently selling 104 units of its product. The company is...
Knowledge Check 01 Excerpt from Areojet Corporation Per Unit Per Month Selling price $ 200,000 Direct...
Knowledge Check 01 Excerpt from Areojet Corporation Per Unit Per Month Selling price $ 200,000 Direct materials 40,000 Direct labor 10,000 Variable manufacturing overhead 2,000 Fixed manufacturing overhead $ 140,000 Variable selling and administrative expenses 20,000 Fixed selling and administrative expenses 40,000 January February March Beginning inventory 0 0 3 Units produced 4 5 2 Units sold 4 2 5 Ending inventory 0 3 0 What is the unit product cost for the month of February, using the variable costing...
Walton Company manufactures a personal computer designed for use in schools and markets it under its...
Walton Company manufactures a personal computer designed for use in schools and markets it under its own label. Walton has the capacity to produce 44,000 units a year but is currently producing and selling only 12,000 units a year. The computer’s normal selling price is $1,690 per unit with no volume discounts. The unit-level costs of the computer’s production are $520 for direct materials, $200 for direct labor, and $200 for indirect unit-level manufacturing costs. The total product- and facility-level...
Knowledge Check 01 The inventory transactions of VTS Corporation are shown below. Date Transaction Number of...
Knowledge Check 01 The inventory transactions of VTS Corporation are shown below. Date Transaction Number of Units Unit Cost/Price Jan. 1 Beginning inventory 500 $ 10 Feb. 25 Sale 300 20 May 21 Purchase 400 12 Jul. 15 Purchase 500 15 Dec. 10 Sale 800 20 All purchase/sale transactions are made on credit. The company uses the FIFO method and the perpetual inventory system to record transactions. The entry to record the transaction on December 10 will involve a debit...
Knowledge Check 01 Which of the following is true of the contribution approach? It is mainly...
Knowledge Check 01 Which of the following is true of the contribution approach? It is mainly used for external reporting purposes. It separates costs into fixed and variable categories. OIt is not useful for merchandising companies It calculates gross margin by deducting cost of goods sold from sales Knowledge Check 02 Davidson Company has a product with a selling price per unit of $100, the unit variable cost is $60, and the total unit? monthly fixed costs are $30,000. If...
Knowledge Check 01 Which of the following factors should be considered when deciding whether to keep...
Knowledge Check 01 Which of the following factors should be considered when deciding whether to keep a product line or drop it? (Select all that apply) Check All That Apply 0 Opportunity costs of using the production facility currently being used for the product line 0 Revenues generated by the product line 0 Variable costs incurred in manufacturing the product 0 Direct fixed costs associated with the product line 0 Common fixed costs allocated to the product line Check All...
Knowledge Check 01 Stewart Corporation manufactures solar powered calculators. The company can manufacture 1200.000 calculator a...
Knowledge Check 01 Stewart Corporation manufactures solar powered calculators. The company can manufacture 1200.000 calculator a year at a variable cost of $3,000,000 and a fixed cost of $1,800,000. Based on management's projections for next year. 960.000 calculators will be sold at the regular price of $20.00 each. A special order has been received for 240.000 calculators at $6 per calculator Totale costs would be unaffected by this order. The company's net operating income will be increased as a result...
Knowledge Check 01 Stewart Corporation manufactures solar-powered cal culators. The company can manufecture 1,200,0...
Knowledge Check 01 Stewart Corporation manufactures solar-powered cal culators. The company can manufecture 1,200,000 calculators a year at a variable cost of $3,000,000 and a fixed cost of $1,800,000 Based on management's projections for next year, 960,000 caleulators will be sold at the regular price of $20.00 each. A special order has been received for 240,000 calculators at $6 per calculator Total fived costs would be unaffected by this order. The company's net operating income will be increased as a...
Knowledge Check 01 Helio Company has two products: A and B. The annual production and sales...
Knowledge Check 01 Helio Company has two products: A and B. The annual production and sales of Product A is 1,850 units and of Product B is 1,250 units. The company has traditionally used direct labor-hours as the basis for applying all manufacturing overhead to products. Product A requires 0.3 direct labor-hours per unit and Product B requires 0.6 direct labor-hours per unit. The total estimated overhead for next period is $100,485. What is the company's predetermined overhead rate? Answer...
Required information Knowledge Check 01 Which of the following factors should be considered when deciding whether...
Required information Knowledge Check 01 Which of the following factors should be considered when deciding whether to keep a product line or drop it? (Select all that apply) Check All That Apply Opportunity costs of using the production facity currently being used for the productie Revenues generated by the productie ✓ W e costs incurred in manufacturing the product Dreat Dec costs associate Pro common come to our Research Socc er Knowledge Check 02 Potomac Backpacks, Inc. manufactures regular backpacks....
Knowledge Check 01 On January 1, Leveler Corporation leased equipment to Messy Company. The present value...
Knowledge Check 01
On January 1, Leveler Corporation leased equipment to Messy
Company. The present value of the lease payments is $200,000 and
Leveler’s cost of the equipment was $125,000. The lease is properly
classified as a sales-type lease. In comparison to the entries that
would have been made if this lease did not include a selling
profit, how are the entries affected because this lease includes a
selling profit? (Select all that apply.)
Required information Check All That Apply...
Knowledge Check 01 Which of the following is true of the contribution approach? It is mainly used for external reporting purposes. It separates costs into fixed and variable categories. OIt is not useful for merchandising companies It calculates gross margin by deducting cost of goods sold from sales Knowledge Check 02 Davidson Company has a product with a selling price per unit of $100, the unit variable cost is $60, and the total unit? monthly fixed costs are $30,000. If...
Knowledge Check 01 Which of the following factors should be considered when deciding whether to keep a product line or drop it? (Select all that apply) Check All That Apply 0 Opportunity costs of using the production facility currently being used for the product line 0 Revenues generated by the product line 0 Variable costs incurred in manufacturing the product 0 Direct fixed costs associated with the product line 0 Common fixed costs allocated to the product line Check All...
Knowledge Check 01 Stewart Corporation manufactures solar powered calculators. The company can manufacture 1200.000 calculator a year at a variable cost of $3,000,000 and a fixed cost of $1,800,000. Based on management's projections for next year. 960.000 calculators will be sold at the regular price of $20.00 each. A special order has been received for 240.000 calculators at $6 per calculator Totale costs would be unaffected by this order. The company's net operating income will be increased as a result...
Knowledge Check 01 Stewart Corporation manufactures solar-powered cal culators. The company can manufecture 1,200,000 calculators a year at a variable cost of $3,000,000 and a fixed cost of $1,800,000 Based on management's projections for next year, 960,000 caleulators will be sold at the regular price of $20.00 each. A special order has been received for 240,000 calculators at $6 per calculator Total fived costs would be unaffected by this order. The company's net operating income will be increased as a...
Knowledge Check 01 Helio Company has two products: A and B. The annual production and sales of Product A is 1,850 units and of Product B is 1,250 units. The company has traditionally used direct labor-hours as the basis for applying all manufacturing overhead to products. Product A requires 0.3 direct labor-hours per unit and Product B requires 0.6 direct labor-hours per unit. The total estimated overhead for next period is $100,485. What is the company's predetermined overhead rate? Answer...
Required information Knowledge Check 01 Which of the following factors should be considered when deciding whether to keep a product line or drop it? (Select all that apply) Check All That Apply Opportunity costs of using the production facity currently being used for the productie Revenues generated by the productie ✓ W e costs incurred in manufacturing the product Dreat Dec costs associate Pro common come to our Research Socc er Knowledge Check 02 Potomac Backpacks, Inc. manufactures regular backpacks....
Knowledge Check 01
On January 1, Leveler Corporation leased equipment to Messy
Company. The present value of the lease payments is $200,000 and
Leveler’s cost of the equipment was $125,000. The lease is properly
classified as a sales-type lease. In comparison to the entries that
would have been made if this lease did not include a selling
profit, how are the entries affected because this lease includes a
selling profit? (Select all that apply.)
Required information Check All That Apply...
Most questions answered within 3 hours.
-
Computer Programming II CS141(Java)
Mention the appropriate relationship between following
classes:
HOD–StaffMember
Car–Ferrari
Student-Address
BankAccount–FixedAccount
House-Building...
asked 1 hour ago -
Assume one of your finals has 50 questions on it, and
lucky for you, it's all...
asked 3 hours ago -
Rice Products in Bangladesh
Business behavior is derived in large part from the basic cultural
environment...
asked 4 hours ago -
The following base sequence is found for a mRNA fragment from
wild-type E. coli: 5'- UAUCAGUAGAUAAUGUAACC-3'...
asked 4 hours ago -
For this exercise, round all regression parameters to three
decimal places.
One of the two tables...
asked 5 hours ago -
What is the 5% level of significance for mean = 3.60, standard
deviation = 0.94, and...
asked 5 hours ago -
Prior to beginning work on this discussion, please read the
article by Hayley Peterson, 15 Companies...
asked 5 hours ago -
Which pair of aqueous solutions, when mixed, will form a
precipitate?
A) NaNO3 and AgC2H3O2
B)...
asked 6 hours ago -
1-Write an algorithm to get two numbers from the user (as
inputs) and calculate the sum...
asked 9 hours ago -
Define white-collar crime. What is the difference between
offender and offense-based definitions of white-collar crime? What...
asked 10 hours ago -
Consider a reaction which is 1st order with respect to A and 1st
order with respect...
asked 10 hours ago -
c++
The length of the hypotenuse of a right-angled triangle is the
square root of the...
asked 10 hours ago