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The STC Supply manufactures memory cards that sell to wholesalers for $4.00 each. Variable and fixed costs are as follows: Variable Costs per card: Fixed Costs per Month: Manufacturing Direct materials $0.60 Direct labor 0.50 Factory overhead 0.50 $1.60 Factory overhead $14,000 Selling and admin. 0.30 Selling and admin. 6,000 Total $1.90 Total $20,000 STC Supply produced and sold 20,000 cards during October 2014. There were no beginning or ending inventories. Required: a. Prepare a contribution income statement for the month of October. b. Determine STC Supply’s monthly break-even point in units. c. Determine the effect on monthly profit of a 1,000 unit increase in monthly sales. d. If STC Supply is subject to an income tax of 40 percent, determine the dollar sales volume required to earn a monthly after-tax profit of $30,000.
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prepare the production budget and direct materials purchase budget for the quarter from the data given below.production
What is the present value of this liability
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wise company had the following transactions......1. issued 5000 shares of common stock with a stated value of 10 for
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Lindsey Hunter Corporation is authorized to issue 50,000 shares of $5 par value common stock. During 2014, Lindsey Hunter took part in the following selected transactions. Issued 5,000 shares of stock at $45 per share, less costs related to the issua..
Develop a Statement of Cash Flows for Just 4 Kids for the year ending December 31, 20x7 and analyze the performance of Just 4 Kids based on the financial statements.
Allocate the cost of the waste handling to the two suppliers based on:- Amount of material purchased., Amount of waste.
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