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Novelties, Inc produces and sells highly faddish products directed towards the preteen market. A new product has come onto the market that the company is anxious to produce and sell. Enough capacity exists in the company's plant to produce 30,600 units each month. Variable expenses to manufacture and sell one unit would be $1.90, and fixed expenses would total $49,990 per month. The marketing department predicts that demand for the product will exceed the 30,600 units that the company is able to produce. Additional production capacity can be rented from another company at a fixed expense of $2,500 per month. Variable expenses in the rented facility would total $2.10 per unit, due to somewhat less efficient operations than in the main plant. The product would sell for $3.00 per unit. 1. Compute the monthly break-even point for the new product in units ad in total dollar sales. Break even point in unit sales=______ Break-even point in dollar sales=____ 2. How many units must be sold each month to make a monthly profit of $11,610? Total units to be sold=______ If the sales manager receives a bonus of 20 cents for each unit sold in excess of the break-even point, how many units must be sold each month to earn a return of 29% on the monthly investment in fixed expenses? Total units to be sold=_______
Columbia Sportswear Company had accounts receivable of $206,024,000 at the beginning of a recent year, and $267,653,000 at year-end. Sales revenues were $1,095,307,000 for the year. What is the amount of cash receipts from customers?
Duke Associates, antique dealers, purchased the contents of an estate for $38,400. Terms of the purchase were FOB shipping point, and the cost of transporting the goods to Duke Associates' warehouse was $1,650.
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John's specialty store uses a perpetua; inventory system. The following are some inventory transactions for month of May 2009: 1. John's purchased merchandise on account for $5,000.
this income statement reflects sales of 100000 mice. direct materials cost 5.00 per mouse direct labor was 1.00 per
Discuss the three approaches for reporting changes in accounting principles. Include additional points about how these approaches may be impacted by the adoption of new IFRS standards.
Which of the following statements pertain to both variable costing and absorption costing?
A company recorded sales of $160,000 during march. management expects sales to increase 5% in april, 3% in may, adn 5% in june. cost of goods sold is expected to be 70% of sales. What is the budgeted gross profit for june?
the chart of accounts is many times described in financial accounting as the central element of a general ledger
jacobs inc. 2012 sells purses at 35.00 and has an earned income is 67500. the company would like to have a net income
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