Compute the total variable costs for the firm

Assignment Help Accounting Basics
Reference no: EM132107593

Question - International Imports is a merchandising firm. Last year they reported sales of $674,500 and cost of goods sold of $404,700. The company's total variable selling and administrative expense was $60,705, and fixed selling and administrative expense was $53,960. Compute the total variable costs for the firm.

a. $60,705

b. $465,405

c. $114,665

d. $404,700

Reference no: EM132107593

Questions Cloud

What was the ending balance in basil raw materials : Basil Industries reported the following information for December: What was the ending balance in Basil's Raw Materials Inventory account
Discuss about the coaching concepts and their importance : Coaching has become a widely used developmental practice in the international business environment for many years due to the numerous benefits associated.
Explain some of the factors that make a project high risk : Explain some of the factors that make a project high risk. Explain why risks that have low likelihood should or should not be ignored.
Policies with regard to stock control in a medical practice : What are some possible repercussions of not understanding procedures and policies with regard to stock control in a medical practice.
Compute the total variable costs for the firm : International Imports is a merchandising firm. Last year they reported sales of $674,500, Compute the total variable costs for the firm
Research and write about for your business report : You will be designing a brochure for a local business that you will later thoroughly research and write about for your business report.
What is jenny contribution margin per haircut : The average price for a haircut is $12. Jenny pays herself $5,000 per month. What is Jenny's contribution margin per haircut
Why toms perception of effectiveness varies so greatly : Propose how you think Tom might react if his manager told him to stop conducting cold calls as a form of generating sales.
How many units must she sell to reach her goal : If her selling price is $20, variable cost is $8 and fixed costs total $40,000, how many units must she sell to reach her goal

Reviews

Write a Review

Accounting Basics Questions & Answers

  What portion of the debt can be excluded from classification

What portion of the debt can be excluded from classification as a current liability (that is, reported as a noncurrent liability)? Explain.

  Discuss the income effects on the non-controlling interest

Suggest one method of accounting for the income effects on the non-controlling interest that you consider most appropriate

  Prepare a schedule showing the amount of gross profit

Prepare a schedule showing the amount of gross profit that Tarlo recognizes each year using the completed-contract method. If an amount is zero, enter "0".

  Compute the break even point in dollars

Quiltworks company reported actual sales of $2,000,000, and fixed costs of $450,000. The contribution margin ratio is 30%. (a) compute the break even point in dollars

  Prepare a direct materials budget for april may and june

Question - Hospitable Co provides the blowing sales forecast for the next four months: Prepare a direct materials budget for April, May and June

  What value should the trading securities be reported

On December 31, 2016, the closing market price for these securities was $9.50 per share. What value should the trading securities be reported for Alpha Company

  Prepare an overhead budget for the expected activity level

Control systems Timothy, SA., uses a flexible budget for overhead costs. The company expects to produce 40,000 units of the product it manufactures.

  What should the company establish as the sales price per

what should the company establish as the sales price per unit if it sets a target of earning an operating income of

  What are the pros and cons of purchasing the annuity

Obtain from a licensed salesperson or stockbroker a prospectus and any other literature available on a popular deferred annuity.

  Construct spreadsheet that calculates the newsvendor profit

Construct a spreadsheet that calculates the newsvendor's profit for any number of papers purchased at the beginning of the day

  Real limitations on the ability of owners of certain types

As we covered in Weeks 2 and 3, the passive loss limitation rules impose real limitations on the ability of owners of certain types of ventures to take losses from those ventures and use them to reduce other income.

  The regular fare is 3 per trip after analyzing its costs

seattle transit ltd. operates a local mass transit system. the transit authority is a state governmental agency. it has

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