Cholarpak company produced and sold 76000 backpacks during

Assignment Help Accounting Basics
Reference no: EM13485314

CholarPak Company produced and sold 76,000 backpacks during the year just ended at an average price of $36.00 per unit. Variable manufacturing costs were $15.00 per unit, and variable marketing costs were $7.20 per unit sold. Fixed costs amounted to $546,000 for manufacturing and $220,800 for marketing. There was no year-end work-in-process inventory. (Ignore income taxes.)

If ScholarPak's variable manufacturing costs do increase by 10 percent, compute the selling price that would yield the same contribution-margin ratio in the coming year. (Do not round intermediate calculations and round your final answer to 2 decimal places.)

Reference no: EM13485314

Questions Cloud

What are the three principal forms of business organization : what are the three principal forms of business organization? what are the advantages and disadvantages of
Lance berkman is the controller of saturn a dance club : lance berkman is the controller of saturn a dance club whose year end is december 31. berkman prepares checks for
Zodiac company has decided to introduce a new product which : zodiac company has decided to introduce a new product which can be manufactured by either a computer-assisted
What are the three most important determinants of a firms : what are the three most important determinants of a firms return on stockholders
Cholarpak company produced and sold 76000 backpacks during : cholarpak company produced and sold 76000 backpacks during the year just ended at an average price of 36.00 per unit.
What are the primary sources of information about the : what are the primary sources of information about the creditworthiness of credit
The silk corporation has outstanding 200000 of 8 percent : the silk corporation has outstanding 200000 of 8 percent bonds callable at 104. on december 1. immediately after the
On december 1 year 1 bradley corporation incurs a 15-year : on december 1 year 1 bradley corporation incurs a 15-year 270000 mortgage liability in conjunction with the acquisition
In 2006 a 50-cent piece issued in 1904 sold for 1300 what : in 2006 a 50-cent piece issued in 1904 sold for 1300. what was the rate of return on this

Reviews

Write a Review

Accounting Basics Questions & Answers

  Provide evidence from the text to support your position

There are arguments (for and against) variable costing and absorption costing.  Select one of these costing methods and explore the various arguments.  Determine whether you are "for" or "against" this selected method.  Provide evidence from the text..

  Why may companies have an incentive to finance their

why might companies have an incentive to finance their foreign operations with as much debt as possible?a. interest

  Kr sales had 1200000 in sales last month the variable cost

kr sales had 1200000 in sales last month. the variable cost ratio was 60 and operating profits were 80000. what is krs

  Prepare the journal entries in relation to the equipment

The entity's balance date is 30 June, and it uses the straight-line method of depreciation. On 1 July 2011, the value is use was estimated to be $45,000 and the net selling price was $48,750. Prepare the journal entries in relation to the equipmen..

  Preparing a statement of cashflows

Prepare an ending 1998 Income Statement and Balance Sheet from the following information: Sales $800,000; Cost of Goods Sold $300,000; Accounts Receivables $20,000; Bonds Outstanding $160,000; Accounts Payable $20,000; Advertising Expense $1,000; ..

  Refinancing payment

Blocker, Inc. had $10,000 of notes coming due on January 10, 2011- how much of the $10,000 note should be shown as current?

  The co-ownership of business property where only minimal

which if either of the following statements is or are true? i. the co-ownership of business property where only

  What would be the gain or loss on the redemption

Bryce Company has $1,500,000 of bonds outstanding. The unamortized premium is $21,600. If the company redeemed the bonds at 101, what would be the gain or loss on the redemption?

  The following notes make up the notes receivable balance:

The company records adjusting entries only at year-end. There were no other notes receivable outstanding during 2013.

  Reported as a capital lease

Carey sold its headquarters building at a gain, and simultaneously leased back the building. The lease was reported as a capital lease. AT the time of the sale, the gain should be reported as:

  Improve the claims processing process

Discuss which of the above activities would be viewed as value-added in the eyes of Prince Insurance's Customers. Give reasons for your answer. What non-value added activities and suggestions could be made at Prince Insurance to improve the claims ..

  Explain intuitively why the yield to maturity on the 10

you own an oil pipeline that will generate a 52 million cash return over the coming year. the pipelines operating cosr

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