Jack company sells its product for 6600 per unit variable

Assignment Help Accounting Basics
Reference no: EM13597955

Jack Company sells its product for $6,600 per unit. Variable costs per unit are: manufacturing, $3,600, and selling and administrative, $75. Fixed costs are: $18,000 manufacturing overhead, and $24,000 selling and administrative. There was no beginning inventory at 1/1/10. Production was 20 units per year in 2010-2012. Sales was 20 units in 2010, 16 units in 2011, and 24 units in 2012.

Reference no: EM13597955

Questions Cloud

Based on past experience it is estimated that 30 of a : cash receipts budget flagstaff co. has actual sales for july and august and fore-cast sales for september october
North division has the following informationsales 900000if : north division has the following informationsales 900000.if this division is eliminated the fixed expenses will be
Production and purchases budgets pelican co is forecasting : production and purchases budgets pelican co. is forecasting sales of 40300 units of product for october. to make one
If this product line is eliminated 30 of the fixed expenses : corn crunchers has three product lines. its only unprofitable line is corn nuts the results of which appear below for
Jack company sells its product for 6600 per unit variable : jack company sells its product for 6600 per unit. variable costs per unit are manufacturing 3600 and selling and
Why must preferred stock dividends be subtracted from net : why must preferred stock dividends be subtracted from net income in computing earnings per share? why is common stock
Garlands cvp income statement included sales of 3000 units : garlands cvp income statement included sales of 3000 units a selling price of 50 variable expenses of 30 per unit and
On june 29 2012 machinery included in the march 31 2011 : on march 31 2011 the herzog company purchased a factory complete with machinery and equipment. the allocation of the
Buerhrles cvp income statement included sales of 3000 : buerhrles cvp income statement included sales of 3000 units a selling price of 100 variable expenses of 60 per unit and

Reviews

Write a Review

Accounting Basics Questions & Answers

  What is a constructive dividend

What is a constructive dividend? Under what circumstances is the IRS likely to argue that a constructive dividend has been paid?

  The st vincent manufacturing company produces a single

the st. vincent manufacturing company produces a single product in a single processing department. the material is

  Information about risk premiums

Here are stock market and Treasury bill returns between 1997 and 2001: What was the risk premium on common stock in each year? What was the average risk premium?

  The mountain springs water company has two departments

the mountain springs water company has two departments purifying and bottling. the bottling department had 8000 liters

  Xyz inc had actual sales of 150000 in february and 170000

xyz inc. had actual sales of 150000 in february and 170000 in march.nbspnbspthe firms managers estimate that sales in

  Equity method throughout the year

When a parent uses the equity method throughout the year to account for its investment in an acquired subsidiary, which of the following statements is false before making adjustments on the consolidated worksheet?

  Role of investment bankers

Is it true that the "flatter" or more nearly horizontal, the demand curve for a particular firm's stock, and the less important investors regard the signaling effect of the offering, the more important the role of investment bankers when the compa..

  The management of an amusement park is considering

the management of an amusement park is considering purchasing a new ride for 72000 that would have a useful life of 8

  Use information from the latest financial statement for

ratios are used for many purposes performance measurement is one such application. however not all performance measures

  Variable predetermined manufacturing overhead rates

Compute the total, fixed, and variable predetermined manufacturing overhead rates. Compute the total, controllable, and volume overhead variances.

  Travel and entertainment expenses

Why does an auditor examine travel and entertainment expenses? What would poor controls regarding executive reimbursements say about the "tone at the top" for purposes of evaluating and reporting on internal controls?

  Transaction-translation and economic exposures

What are the differences among transaction, translation, and economic exposures? Should all of them be ideally reduced to zero?

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