During its most recent fiscal year simon enterprises sold

Assignment Help Accounting Basics

Reference no: EM13583524

During its most recent fiscal year, Simon Enterprises sold 310,000 electric screwdrivers at a price of $18.30 each. Fixed costs amounted to $961,000 and pretax income was $1,271,000. What amount should have been reported as variable costs in the company's contribution margin income statement for the year in question?

Reference no: EM13583524

Questions Cloud

A company is trying to decide whether to keep or drop the : a company is trying to decide whether to keep or drop the sporting goods department in its department store. if the

Voorhees company has stockholders equity of 395900 and net : voorhees company has stockholders equity of 395900 and net income of 66900. it has a payout ratio of 12 and a return on

Sm press company manufactures books the company is trying : sm press company manufactures books. the company is trying to decide whether to print the individual pages in-house the

Hn inc produces and sells 40000 units of a single product : hn inc. produces and sells 40000 units of a single product eye drops. variable costs total 80000 and fixed costs total

During its most recent fiscal year simon enterprises sold : during its most recent fiscal year simon enterprises sold 310000 electric screwdrivers at a price of 18.30 each. fixed

Computer boutique sells computer equipment and home office : computer boutique sells computer equipment and home office furniture. currently the furniture product line takes up

A june sales forecast projects that 7200 units are going to : a june sales forecast projects that 7200 units are going to be sold at a price of 11.7 per unit. the desired ending

The wisbley company is contemplating the purchase of a : the wisbley company is contemplating the purchase of a helicopter for its executives to use in their business trips.

Finished goods inventory is 189000 if overhead applied to : finished goods inventory is 189000. if overhead applied to these goods is 75000 and the overhead rate is 120 of direct

Reviews

Write a Review

Required(*) Message

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

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

User Account

All Pages