For ABC Company, you have given the following costs for the last year: Fixed costs =...
Homework Answers
Fixed Costsl = $40000
Variable cost= 60% of total costs
Total Costs = Fixed Cost + Variable Cost
Total Costs =$40000+60% of Total Costs
40% of Total Costs = $40000
Total Costs = $40000/40% = $100000
Variable Cost = $100000*60%=$ 60000
Total Costs =$100000
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ABC Company, you have given the following costs for the last year:
Fixed costs =...
1. ABC company, you are given the last year net income: $80,000, income tax rate: 20%....
1. ABC company, you are given the last year net income: $80,000, income tax rate: 20%. Find the income before tax. 2. For a manufacturing company that has a total monthly fixed costs of $100,000, variable costs per units of $10, selling price per unit $15, income tax rate of 20%, targeted net income of $10,000. Assume all other variables do not affect the cost volume profit relationship, the quantities needed to reach net income is: 3. For a manufacturing...
For ABC Company, you are given: last year net income = $80,000, income tax rate was...
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ABC Company divided all of its costs and expenses into fixed and variable. Data for ABC...
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You are given the following cost data: Total fixed costs are $60.
You are given the following cost data: Total fixed costs are
$60.
The ABC Company recently sold 2,000 units during their last month of operations. The following costs were accumulated during the past month: $138,000 $70,000 $30,000 $56,000 $86,000 Item Direct Materials Direct Labor Variable Manufacturing Overhead Fixed Manufacturing Overhead Total Manufacturing Overhead Variable Selling Expense Fixed Selling Expense Total Selling Expense Variable Administrative Expense Fixed Administrative Expense Total Administrative Expense $24,000 $36,000 $60,000 $8,000 $50,000 $58,000 Required: 1. With respect to cost classifications for preparing financial statements: a. What is the...
ubiem 3 Sub You are given the following information about the ABC Widget Company's short-run costs GETN ung what you have leaned, ill in the missing values in the table . Use a Quantity of Widgets Total Fixed Cost Variable Cost Total Total Cost $10 2 15 19 4 14 30 5 10 27 Enter your answer in the edit fields and then click Check Answer
Given the following contribution income statement, how much contribution margin must this company have in order to cover its fixed costs (i.e. break even)? Total Unit Sales Revenue ( 1,000 units) $100,000 $100 Variable Expenses 60,000 60 Contribution Margin $ 40,000 $ 40 Fixed Expenses 36,000 Operating Income $ 4,000 a. $44,000 O b. $36,000 c. $4,000 d. $76,000 e. $40,000
Problem 1: A. If annual operating costs (AOC) for ABC company are $400,000 per year as a fixed portion and $400 per day as a variable portion. If the number of working days in a year is between 240 to 300. What amount AOC should be budgeted? B. If annual operating costs (AOC) for ABC company are $400,000 per year as a fixed portion and $800 per day as a variable portion. If the number of working days in a...
Problem 1: A. If annual operating costs (AOC) for ABC company are $400,000 per year as a fixed portion and $400 per day as a variable portion. If the number of working days in a year is between 240 to 300. What amount AOC should be budgeted? B. If annual operating costs (AOC) for ABC company are $400,000 per year as a fixed portion and $800 per day as a variable portion. If the number of working days in a...
You are given the following cost data: Total fixed costs are
$60.
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