A company sells one model of an exercise bicycle

Assignment Help Accounting Basics
Reference no: EM13227301

A company sells one model of an exercise bicycle which sells for $500 each and has a $300 per unit variable cost. The company has $80,000 of fixed costs per quarter. Observe the following contribution based income statement when the company sells 500 bikes

Required minimum-2 page

Reference no: EM13227301

Questions Cloud

Briefly summarize the article : Select an article relating to workplace safety and answer the following questions: 1. Briefly summarize the article 2. What alternatives could the place of business have taken in order to avoid penalties.
Journal entries to record the requisition slips : Prepare summary journal entries to record the requisition slips, time tickets, the assignment of manufacturing overhead to jobs, and the completion of Job No. 329. Show computations.
How to adjust the inductance in an lc oscillator : The tuning control is required to provide a uniform, linear change in frequency for a fixed rotation of the knob, e.g., 25 kHz per revolution at any operating frequency.  You are considering three options for controlling the frequency
What are the five categories of supply chain processes : What are the five categories of supply chain processes? Explain each category.
A company sells one model of an exercise bicycle : A company sells one model of an exercise bicycle which sells for $500 each and has a $300 per unit variable cost. The company has $80,000 of fixed costs per quarter. Observe the following contribution based income statement when the company sells 500..
Develop a pareto chart for the type of defects : Develop a Pareto chart for the type of defects that have occurred. D) Draw a fish-bone chart showing the possible causes of the defective shipments.
Find probability of no units in the system : Average number of arrivals expected during some time period and average number that the system can serve during some time period - find probability of no units in the system.
Why should a service organization worry being world class : Why should a service organization worry about being world class if it does not compete outside its own national border? What impact does the Internet have on this?
Define synthesizer architecture to provide desired signals : The receiver uses a 10.7 MHz IF. For cost, power, weight and size reasons, it is desirable to use a single clock oscillator that will provide the frequency reference for the synthesizer, as well as providing the clock for data.

Reviews

Write a Review

Accounting Basics Questions & Answers

  Estimate the revenue, expense, and gross profit

How should A.J. Smith recognize revenue on the extended warranty contracts?

  What procedure the audit team should implement

Assume that you are part of the audit team and assess a client's audit risk as high. Suggest what procedure the audit team should implement to reduce the risk to the firm.

  Warehouse classification as current or fixed assets

A company purchases packaging materials, as well as a new packing and storage warehouse where these materials will be used. Should the materials and warehouse be classified as current or fixed assets?

  Investments net present value

The working capital would be released for use elsewhere when the project is completed. If the company's discount rate is 10%, the investment's net present value is:

  Prepare the entry to record the weekly payroll

Prepare the entry to record the weekly payroll and the costs and liabilities related to the bonus and the vacation pay, assuming that Vance is the only employee

  What is an agency cost

Which one of the following is an agency cost? a) accepting an investment opportunity that will add value to the firm b) increasing the quarterly dividend

  Which audit procedure is effective in testing credit sale

Which audit procedure is most effective in testing credit sales for overstatement?

  Journal entries on the books of jayhawk carpet company

Prepare the necessary journal entries on the books of Jayhawk Carpet Company to record the following transactions, assuming a perpetual inventory system (you may omit explanations):

  Relevance of cba to the personnel specialist

Cost benefit analysis is just "nonsense on silts". Discuss this view with particular emphasis on the relevance of CBA to the personnel specialist.

  Determine the hillary income

Bill receives interest income of $5,000 from bonds purchased with his salary after marriage. Bill and Hillary receive $10,000 dividend income from stock they purchased jointly. Hillary's income would be ??

  Total cash dividends related problem

Norton's outstanding stock consists of (a) 13,000 shares of noncumulative 8% preferred stock with a $10 par value and (b) 32,500 shares of common stock with a $1 par value. During its first four years of operation, the corporation declared and pai..

  Weighted-average process-costing system

Strawberry Company uses a weighted-average process-costing system. Company records disclosed that the firm completed 40,000 units during the month and had 10,000units in process at month-end,20% complete.

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd