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The following are the monthly fixed expenses for Peyton Travel:
Office rent: $1,000.00Depreciation of office furniture 600.00Utilities 250.00Telephone 250.00Reservation Service Fees 1,500.00Travel Agent Salaries 1,500.00
Variable expenses include the following:
Travel Agent Commission 5.0% of salesAdvertising 6.0% of salesSupplies and Postage 1.0% of salesTelephone and Reservation Service usage fees 3.0% of sales
Use the contribution margin ratio CVP formula to compute Peyton Travel's break-even sales in dollars. If the average sales price of a ticket is $600.00; how many tickets must be sold to reach break-even?
Suppose a fixed cost of $900, a variable cost of $4.50, and selling price of $5.50. Find out the break even point? How many units should be sold to make a profit of $500.? How many units should be sold to average $.0.25 profit per unit? .50 per un..
What would be some particular examples of advantages and disadvantages of job order costing?
Describe how the following affect the break-even point: increase or reduce in unit sales price, increase or reduce in variable cost per unit, increase or reduce in fixed costs.
To implement target costing for a new product, companies often set up a cross-functional team with members from engineering, marketing, and costing accounting. Why is a cross-functional team desirable when implementing the target costing approach..
Avitar Corporation manufactures the line of computer memory expansion boards employed in microcomputers. The average selling price of its finished product is $175 per unit. The variable cost for these same units is $115. Avitar incurs fixed costs ..
Explain how a shift in the sales mix among 3 products (even if the total sales remain the same,as planned, say $500,000 ) could result in both a higher break-even point and a lower net operating income.
What is full costing? Define and compare job order costing and activity-based costing.
uppose the company decides that only 1,400 units can be sold at a price of $5,000 and, therefore, the target cost cannot be reached. The company is considering. dropping the steam feature, which adds $600 of variable cost per unit. With this featu..
Which of the following characteristics applies to process costing but not to job costing?
Why is variable costing not allowed for financial reporting purposes?
Describe how a flexible budget lends itself to cost-volume-profit analysis.
Vintech Company is planning to produce 1,800 units of product in 2011. Each unit requires 4 pounds of materials at $6 per pound and a half hour of labor at $17 per hour. The overhead rate is 70% of direct labor
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