User Account

All Pages

Down jackets has three types of costs jacket cost factory

Assignment Help Accounting Basics
Reference no: EM13596803

Down jackets has three types of costs: jacket cost, factory rent cost, and utilities cost. This company sells its jackets for $16.50 each. Management has prepared the following estimated cost information for next month under two different sales levels.

  • At 10,000 jackets At 12,000 jackets
  • Jacket cost $80,000 $96,000
  • Rent cost 6,000 6,000
  • Utilities cost 8,400 9,900

Required
1. Compute what the company should expect for total variable cost if 11,000 jackets are sold next month.
2. Prepare its contribution format income statement for a monthly sales volume of 12,000 jackets.

Reference no: EM13596803

Questions Cloud

The inclusion of the 7500 in the machinery account on the : the invoice price of a machine is 50000. various other costs relating to the acquisition and installation of the
The entry to replenish the petty cash fund debited supplies : 1 robbins supply journal entry to establish a 100 petty cash fund for the office would include a a credit to petty cash
Accounts payable had a normal starting balance of 600 there : 1 which of the following would result if the business provided services to a customer collecting cash? a cash would
Kristen montana operates a retail clothing operation she : kristen montana operates a retail clothing operation. she purchases all merchandise inventory on credit and uses a
Down jackets has three types of costs jacket cost factory : down jackets has three types of costs jacket cost factory rent cost and utilities cost. this company sells its jackets
Payne company purchased a new machine on january 1 2005 for : payne company purchased a new machine on january 1 2005 for 678000. the machine was assigned a 10-year life and a
Proof that the dollar amount of the debits equals the : 1 m. sands cpa collected fees of 650 not previously billed or recorded. the journal entry to record the collection
On june 1 2004 xyz company paid 360000 to purchase land : on june 1 2004 xyz company paid 360000 to purchase land building and equipment. the market value of these assets on
Mayfield company expects to have a cash balance of 46000 on : mayfield company expects to have a cash balance of 46000 on january 1 2010. these are the relevant monthly budget data

Reviews

Write a Review

Accounting Basics Questions & Answers

  Aachine costing 470000 with a four-year life and an

a machine costing 470000 with a four-year life and an estimated 30000 salvage value is installed in calhoon companys

  Peachtree is a software tool that allows for the electronic

peachtree is a software tool that allows for the electronic processing of transactions and the generation of reports.

  A companys data is presented below desired ending inventory

a companys data is presented below. desired ending inventory is a consistent percentage of the next quarters sales and

  Risk and return-bond income-capital gain

John Haven purchased a bond for $9,500. The bond pays $300 interest every six months. If John decides to sell the bond after 18 months for $10,000 what would be his:

  Whenever it comes to coworkers explain why are strong

when it comes to coworkers why are strong interpersonal relationships important in business?how do you build and

  How much dividend income does speedways have

a. How much dividend income does Speedways have?  b. How much and what kind of taxable income does Speedways have because of the distribution?  c. What is Speedways's basis in its stock immediately after the distribution?

  Place to prevent this type of theft

Identify two parties other than O'Conner who can be harmed by this theft. In what ways can they be harmed? Discuss the role accounting plays in this situation. What internal controls could be put in place to prevent this type of theft?

  If abc uses uses the direct method of cost allocation and

abc company has two service departments a amp b and two production departments x amp y. the number of employees in each

  Peter johnson invests 2131008 now for a series of 3000

peter johnson invests 21310.08 now for a series of 3000 annual return biginning one year from now. peter will earn 10

  During periods of increasing costs the use of the fifo

during periods of increasing costs the use of the fifo method of costing inventory will yield an inventory amount for

  Indicate how each of the following six different

indicate how each of the following six different transactions that dynamic mattress might make would affect i cash and

  Mellon inc is a company with over 500 million in annual

mellon inc is a company with over 500 million in annual sales and assets of 100 million. mellon is listed on one of the

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