User Account

All Pages

Determine the fixed and variable portions of utility cost

Assignment Help Accounting Basics
Reference no: EM133033789

Question - The management of Genuine Spice Inc. wishes to determine the number of cases required to break even per month. The utilities cost, which is part of factory overhead, is a mixed cost. The following information was gathered from the first six months of operation regarding this cost:

Month Case Production Utility Total Cost

January 500 $600

February 800 660

March 1,200 740

April 1,100 720

May 950 690

June 1,025 705

Required -

1. Determine the fixed and variable portions of the utility cost using the high-low method.

2. Determine the contribution margin per case.

3. Determine the fixed costs per month, including the utility fixed cost from part (1). Refer to the lists of Amount Descriptions for the exact wording of the answer choices for text entries.

4. Determine the break-even number of cases per month.

Reference no: EM133033789

Questions Cloud

Maintain current legal knowledge : Identify two (2) ways a community services worker can ensure they maintain current legal knowledge relevant to service operations.
How much does she need to save annually : She would like to retire with an 80 percent wage replacement ratio. How much does she need to save annually
Determine the unit break-even point : Determine the unit break-even point, assuming fixed costs are $60,000 per period, variable costs are $16.00 per unit, and the sales price is $25.00 per unit
What is the premise of healthcare policies : Problem: Health policy is simply a health plan that has been written with specific strategies or objectives to accomplish the overall goal of the plan.
Determine the fixed and variable portions of utility cost : The utilities cost, which is part of factory overhead, is a mixed cost. Determine the fixed and variable portions of the utility cost
Socio-technical theory in health computing : Find a reputable article online that discusses socio-technical aspects of health computing. Share your article and interpretation and how socio-technical
Example of a successful international business : Problem: Provide an example of a successful international business that used licensing effectively. What did they license? Please provide the complete solution
What is the direct labor rate variance : During February, Wissota Co. paid $99,500 to employees for 9, 150 hours worked. 2,400 units were produced during February. What is direct labor rate variance
ACCT6005 Taxation Law and Practice Assignment : ACCT6005 Taxation Law and Practice Assignment Help and Solution, Southern Cross University - Assessment Writing Service

Reviews

Write a Review

Accounting Basics Questions & Answers

  How much control does fed have over this longer real rate

Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest.   How much control does the Fed have over this longer real rate?

  Coures:- fundamental accounting principles

Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.

  Accounting problems

Accounting problems,  Draw a detailed timeline incorporating the dividends, calculate    the exact Payback Period  b)   the discounted Payback Period. the IRR,  the NPV, the Profitability Index.

  Theory of interest - term structure of interest rates

Term Structure of Interest Rates

  Write a report on internal controls

Write a report on Internal Controls

  Prepare the bank reconciliation for company

Prepare the bank reconciliation for company.

  Cost-benefit analysis

Create a cost-benefit analysis to evaluate the project

  Theory of interest

Theory of Interest: NPV, IRR, Nominal and Real, Amortization, Sinking Fund, TWRR, DWRR

  Liquidity and profitability

Distinguish between liquidity and profitability.

  What is the expected risk premium on the portfolio

Your Corp, Inc. has a corporate tax rate of 35%. Please calculate their after tax cost of debt expressed as a percentage. Your Corp, Inc. has several outstanding bond issues all of which require semiannual interest payments.

  Simple interest and compound interest

Simple Interest, Compound interest, discount rate, force of interest, AV, PV

  Capm and venture capital

CAPM and Venture Capital

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!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd