Giere manufacturing had a bad year in 2011 for the first

Assignment Help Accounting Basics
Reference no: EM13604055

Giere Manufacturing had a bad year in 2011. For the first time in its history it operated at a loss. The company's income statement showed the following results from selling 80,000 units of product: Net sales $1,600,000; total costs and expenses $1,740,000; and net loss $140,000. Costs and expenses consisted of the following.

  • Total Variable Fixed
  • Cost of goods sold $1,200,000 $780,000 $420,000
  • Selling expenses 420,000 75,000 345,000
  • Administrative expenses 120,000 45,000 75,000


$1,740,000 $900,000 $840,000

Management is considering the following independent alternatives for 2012.Compute the break-even point in dollars under each of the alternative courses of action. (Round answers to 0 decimal places, e.g. 125. For computational of unit costs and contribution margin ratios, round to 4 decimal places, e.g. 10.2520. Round all other computations to 0 decimal places, e.g. 125.

Reference no: EM13604055

Questions Cloud

Perine company has 1600 pounds of raw materials in its : perine company has 1600 pounds of raw materials in its december 31 2012 ending inventory. required production for
Aerkion company starts 2013 with two assets cash of 19000 : aerkion company starts 2013 with two assets cash of 19000 lcu local currency units and land that originally cost 70000
Turney company produces and sells automobile batteries the : turney company produces and sells automobile batteries the heavy-duty hd-240. the 2012 sales forecast is as follows.
On june 8 alton co issued an 90000 6 120-day note payable : on june 8 alton co. issued an 90000 6 120-day note payable to seller co. assuming a 360-day year for your calculations
Giere manufacturing had a bad year in 2011 for the first : giere manufacturing had a bad year in 2011. for the first time in its history it operated at a loss. the companys
By indicating the sign of the effect for ioncrease - for : a repaid bank loan payable 7 million. interest was repaid seperatelyb paid cash to purchase property and equipment
A uniform time series of valua v is placed on the time axus : a uniform time series of valua v is placed on the time axus in the following manner the first value v at time s the
Vintech company is planning to produce 2100 units of : vintech company is planning to produce 2100 units of product in 2011. each unit requires 3 pounds of materials at 6 per
Collect the 4 main financial statements from credible : select a company that you are familiar with from the transportation industry.bullcollect the 4 main financial

Reviews

Write a Review

Accounting Basics Questions & Answers

  You have been approached by a potential client who appears

you have recently been promoted to audit manager. one of your responsibilities is to generate new business.you have

  Company x acquires 100 percent of the voting shares of

company x acquires 100 percent of the voting shares of company y for 275000 on december 31 20x8. the fair value of the

  What is the forecasted sales revenue from the product

Martin Company sells a certain product for $15 per unit. The beginning inventory is 40,000 units, and the desired ending inventory is 32,000 units. If budgeted production is 100,000 units, what is the forecasted sales revenue from the product?

  Mortgage note records

Prepare the journal entry to record the retirement of the bonds at maturity, assuming the bonds were issued at 100. Prepare the journal entry to record the retirement of the bonds before maturity at 98. Assume the balance in premium on bonds payable ..

  Determine how a firms breakeven point is affected

Supposing that all other factors remain unchanged, determine how a firm's breakeven point is affected by each ofthe following:

  Equivalent unit of production respect to direct materials

Compute the department's equivalent units of production with respect to direct materials under each of three separate assumptions.

  What is the receivables turnover for sampson

The following information pertains to Sampson Company. Assume that all balance sheet amounts represent both average and ending balance figures. Assume that all sales were on credit.

  During the last month of its fiscal year echo lake resort

during the last month of its fiscal year echo lake resort provided catering services for local business. echo lake

  Research and development costs for projects

Research and development costs for projects other than software development should be:

  The following materials standards have been established for

the following materials standards have been established for a particular product standard quantity per unit of output

  Equipment and average cost of inventory

The payroll costs for the year were $100,000, and the accounting costs for the year totaled $50,000. The departments and the average cost of store equipment and average cost of inventory for each are as follows:

  The rep also told the manager that the company would give

five years ago the city of paranoya spent 30000 to purchase a computerized radar system called w.a.s.t.e watching

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