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Variable and Absorption Costing
During its first year, Walnut, Inc., showed an $36 per-unit profit under absorption costing but would have reported a total profit $32,000 less under variable costing. If production exceeded sales by 500 units and an average contribution margin of 62.5% was maintained, what is the apparent:
a. Fixed cost per unit? $ per unit
b. Sales price per unit? $ per unit
c. Variable cost per unit? $ per unit
d. Unit sales volume if total profit under absorption costing was $198,000? How many units
Jo invested $63,000. A portion earning a simple interest rate of 5% per year and the rest earning a rate of 7% per year. After one year the total interest earned on these investments was 3890 dollars. How much money did he invest at each rate?
Algorithmic the entire payroll is a subject to social security and medicare taxes.
Cutters kit Corporation manufactures a propeller. Shown below is Cutterski's cost structure: Variable cost per propeller Total fixed cost for the year Manufacturing cost $114 $810,000 Selling and administrative expense $20 $243,000
What does the scanlon plan mean? need examples to explain it.
First, consider Lisa’s savings. She began working at age 20 and began making an annual contribution of $2,000 at the first of the year beginning with her first year. Create a chart summarizing the details of the investment for both Bob and Lisa. Expl..
What balance will be reported for inventory in the consolidated balance sheet for December 31, 20X8? What amount of sales will be reported in the consolidated income statement for 20X8?
Prepare the bank reconciliation for this company as of July 31, 2011 on the next tab. Prepare a multiple-step income statement for fiscal year 2011. Prepare a single-step income statement for fiscal year 2011.
Lei purchased $3,000 stocks, expecting a 10% increase per year in value. What would be the after tax cash flow, when she sells the stocks in 7 years. He ordinary income tax bracket would be 25%?
Prepare a factory overhead budget, separating variable and fixed costs. Assume that factory insurance and depreciation are the only factory fixed costs.
Long and Short, CPAs, were auditing Island Corporation for the year ended December 31, 2014. On January 11, 2015, a major customer of Island Corporation declared bankruptcy as the result of an uninsured loss due to a major fire in their warehouse on ..
The Covariance of the returns between Willow Stock and Sky Diamond Stock is 0.0940. the Variance of Willow is .1310, and the variance of Sky Diamond is .1240. What is the correlation coefficient between the returns of the two stocks? A stock has an e..
The mailing of ken ‘s checks continued for the next four weekly paydays. It wasn’t until the monthly payroll reports were sent to Ken’s supervisor that the error was detected. Ken refused to return the four extra checks. What actions should the co..
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