Apple is using the high low method in determining its

Assignment Help Accounting Basics
Reference no: EM13596453

Apple is using the high low method in determining its profits from the sale of iPads for the month of May. Apple sells each iPad for $500. For the last six months sales and costs are as follows:
Month Production Cost November 1.2 million $100 million December 1.4 million $110 million January 1.6 million $120 million February 1.1 million $90 million March 1 million $80 million April 900,000 $70 million
What are Apple's total costs for the month of May if Apple is forecasting sales of 800,000 units?

Reference no: EM13596453

Questions Cloud

An aqueous solution of glycerol c3h8o3 is 48 glycerol by : an aqueous solution of glycerol c3h8o3 is 48 glycerol by mass. calculate the molality of the glycerol solution. please
The following equilibrium constants have been determined : the following equilibrium constants have been determined for hydrosulfuric acid at 25degc.h2saq haq hs -aq kc 9.5
What would the cost schedule of cost of goods manufactured : what would the cost schedule of cost of goods manufactured look like and what does the income statement for cost of
Iodine trichloride icl3 will react with a chloride ion to : iodine trichloride icl3 will react with a chloride ion to form icl4 negative. identify the lewis acid and lewis base.
Apple is using the high low method in determining its : apple is using the high low method in determining its profits from the sale of ipads for the month of may. apple sells
You then stand elevating your eyes by a height h 170m and : suppose that while lying on a beach near the equator watching the sun set over a calm ocean you start a stopwatch just
If 200 mol of hydrochloric acid reacts with 200 mol of : hydrochloric acid reacts with strontium hydroxide to yield strontium chloride and water. if 2.00 mol of hydrochloric
It costs lannon fields 21 of variable costs and 9 of : it costs lannon fields 21 of variable costs and 9 of allocated fixed costs to produce an industrial trash can that
On march 1 2010 ruiz corporation issued 800000 of 8 : on march 1 2010 ruiz corporation issued 800000 of 8 nonconvertible bonds at 104 which are due on february 28 2030. in

Reviews

Write a Review

Accounting Basics Questions & Answers

  For august mcguire manufactering estimated sales revenue at

for august mcguire manufactering estimated sales revenue at 200000. it pays sales comissions that are 4 of sales. the

  Explain how the irs determines and measures the impact

In reviewing the tax credits , there are just as many for small businesses as for individual taxpayers, Explain how the IRS determines and measures the impact of enacting these credits on both types of taxpayers. Provide support for your opinion.

  Book value of klingons assets today

If all the current assets were liquidated today, the company would receive $855,000 cash. What is the book value of Klingon's assets today?

  What was the balance in the investment in account

Reported net income of $670,000. What was the balance in the Investment in Lennon Co. account found in the financial records of Pacer as of December 31, 2011?

  Prepare the companys journal entries for a the january

on january 12011 jws corporation issued 770000 of 7 bonds due in 10 years. the bonds were issued for 717679 and

  Total present value of the investment

The net present value of the investment, excluding the intangible benefits, is -$326,237. To the nearest whole dollar how large would the annual intangible benefit have to be to make the investment in the aircraft financially attractive?

  General fund and governmental activities general journals.

Amber City borrowed $1,000,000 secured by a 5-year mortgage note. The cash from the note was used to purchase a building for vehicle and equipment maintenance. Show how these two transactions should be recorded in the General Fund and governmen..

  Beyond inquiries and analytical procedures what are the

you are doing a review services and related tax work engagement for murphy construction company. you have made

  Danford trucking purchased a tractor trailer for 147000

danford trucking purchased a tractor trailer for 147000. danford uses the units-of-activity method for depreciating its

  Best fits chester in industry

Which description best fits Chester in your industry? For clarity: - A differentiator competes through good designs, high awareness, and easy accessibility. - A cost leader competes on price by reducing costs and passing the savings to customers.

  Paul bunyon lumber co produces several products that can be

paul bunyon lumber co. produces several products that can be sold at the split-off point or processed further and then

  A company purchases equipment for 225000 on july 12009 with

a company purchases equipment for 225000 on july 12009 with an estimated useful life of 10 years and expected salvage

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