Mxsystems inc sells computer hardware to end consumers

Assignment Help Accounting Basics
Reference no: EM13589104

MaxSystems Inc. sells computer hardware to end consumers. Its most popular model, the CX30 is sold as a bundle, which includes three hardware products: a personal computer, 23-inch monitor, and a color laser printer. Each of these products is made in a separate manufacturing division of MaxSystems and can be purchased individually, as well as in a bundle. The ind. Selling prices and per unit costs are as follows:

Computer Component Ind. Selling Price per Unit Cost per Unit

  • PC Tower $1040 140
  • Monitor 260 84
  • Color Laser Printer 700 176
  • Computer Bundle Purchase Price 1200

Part 1

Allocate the revenue from the computer bundle purchase to each of the hardware products using the stand-alone method based on the ind. selling price per unit

Part 2

Allocate the revenue from the computer bundle purchase to each of the hardware products using the stand-alone method based on cost per unit.

Part 3

Allocate the revenue from the computer bundle purchase to each of the hardware products using the stand alone method based on physical units .

Reference no: EM13589104

Questions Cloud

Ljb company a local distributor has asked your accounting : ljb company a local distributor has asked your accounting firm to evaluate their system of internal controls because
Universal calendar company began the year with accounts : universal calendar company began the year with accounts receivable and inventory balances of 130000 and 50000
Beyond inquiries and analytical procedures what are the : you are doing a review services and related tax work engagement for murphy construction company. you have made
For a satellite to maintain a circular orbit around the : question for a satellite to maintain a circular orbit around the earth what parameters must be balanced? what would
Mxsystems inc sells computer hardware to end consumers : maxsystems inc. sells computer hardware to end consumers. its most popular model the cx30 is sold as a bundle which
In analyzing legal expense for the boastman bottle company : in analyzing legal expense for the boastman bottle company mary little cpa observes that the company has paid legal
A spring with a spring constant of 270 nm iscompressed by : a spring with a spring constant of 270 nm iscompressed by 14cm.a 880g ball is attached to the end and the spring is
Sara owns a sole proprietorship and phil is the sole : sara owns a sole proprietorship and phil is the sole shareholder of a c regular corporation. each business sustained a
Describe how johnsons testing in phases i-iii of the audit : elizabeth johnson cpa has completed the audit of notes payable and other liabilities for valley river electrical

Reviews

Write a Review

Accounting Basics Questions & Answers

  Advertising was purchased on open account for 3500 from a

advertising was purchased on open account for 3500 from a newspaper owned by one of the stockholders additional

  Effect of cash dividend and stock split

Effect of cash dividend and stock split - affect Indigo Inc.'s total assets, liabilities, and stockholders' equity

  Prepare a journal entry

You note that the carload was shipped December 24 from Albuquerque, f.o.b. Albuquerque, and that the total invoice price of the goods in the car was $35,300. The freight bill called for a payment of $1,500. Terms were net 30 days. The bookkeeper a..

  Calculate the profit margin and gross profit rate for the

the following selected data was retrieved from the walmart inc. financial statements for the year ending january 31

  The table below contains data on fincorp inc the balance

the table below contains data on fincorp inc. the balance sheet items correspond to values at year-end of 2010 and 2011

  What is the companys break-even point in unitshow many more

flip corporation income statement for the year ended december 31 2014sales 20000 units 600000variable expenses

  Partial balance sheet-bonds and interest payable

Prepare a partial balance sheet showing the presentation of bonds and the interest payable at December 31, 2001

  Determine and describe the primary differences between the

1.identify and explain the primary differences between fixed and flexible budgets.2.describe at least five benefits of

  The life span of the capital is 5 years implying the

a corporation produces output with a market price of 200 per unit. the marginal product of capital is 12k where k is

  Assuming bonds or shares of stock are issued at the

penny arcades inc. is trying to decide between the following two alternatives to finance its new 25 million gaming

  Calculate the issue price of the bonds

a. Calculate the issue price of the bonds. b. Without prejudice to your solution in part a, assume that the issue price was $884,000. Prepare the amortization table for 2008, assuming that amortization is recorded on interest payment dates.

  Prepare the merchandise purchases budget

Budgeted sales and merchandise purchases for the three most recent months follow. (1) Prepare the merchandise purchases budget for the months of July, August, and september.(2) Compute the ratio of ending inventory to the next month's sales for ea..

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