Dannys fish camp has sales of 1500000 for the first quarter
Course:- Accounting Basics
Reference No.:- EM13601438

Assignment Help >> Accounting Basics

Danny's Fish Camp has sales of $1,500,000 for the first quarter of 2010. In making the sales, the company incurred the following costs and expenses.

  • Variable Fixed
  • Product Costs $400,000 $550,000
  • Selling expenses $100,000 $75,000
  • Administrative expenses $80,000 $67,000

Instructions: Calculate net income under CVP for 2010.

Put your comment

Ask Question & Get Answers from Experts
Browse some more (Accounting Basics) Materials
ABC Corporation provides a defined benefit pension plan for its employees. A combination adjusting entry should be made to correctly account for this type of pension plan gi
Delmott sells a snowboard, Xpert, that is popular with snowboard enthusiasts. Below is information relating to Delmott's purchases of Xpert snowboards during September. Duri
Moston enterprises sells three chemicals petrol, septine and tridol. Petrols units contribution margin higher than the septine which is higer than tridons which one of the f
During the quarter ended 3/31/2015, Clarke Biscuits Inc. collected $100 of cash from customers, paid $60 of cash to suppliers, paid $30 of cash to employees and other credit
Compute the efficiency variances for direct labour and direct materials. Provide likely explanations for variances. Do you have reason to be concerned about you performance ev
Ford recently hired twenty employees to work in various departments of the company. On the first day, all twenty had the same orientation and attended the same training and
The Chartered Institute of Management Accountants (CIMA) has warned that linking directors' pay to EPS or return on assets is open to abuse, since these are not the objectiv
Jan.1 Paid $23,515 cash plus $1,785 in sales tax for a new delivery truck estimated to have a five-year life and a $2,300 salvage value. Delivery truck costs are recorded in t