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ABC Company sells a product that sells for $20 per unit. Variable costs are $8 per unit, and fixed costs total $12,000 annualy.
a) What is the product's CM ratio ? ( 1 decimal place)
b) What is the break-even point in sales dollars? ( 0 decimal places )
c) What is the break-even point in sales units? ( 0 decimal places )
Gator Corporation manufactures several types of accessories. For the year, the gloves and mittens line had sales of $503,690, variable expenses of $372,430, and fixed expenses of $140,550.
Reconstruct the income statement using the contribution margin format and calculate the magnitude of operating leverage.
Data related to the expected sales of golf balls for Medalist Inc. for the current year are as follows: What amount of sales of golf balls (in dozens) is required to reach the break-even point?
Describe the basic accounting equation that provides the structure for the balance sheet. Define the three major components reported on the balance sheet.
to include sales tx on sales form, you must set up the tax as an item. You can enter petty cash expenditures just as you enter checks. Where do you enter shipping charges for items received? Analyzing the Balance Sheet will allow you to calculate the..
Golfpro Corporation produces and markets two types’ drivers: Model X2 and Model X3. The following data were gathered on activities last month: Prepare a segmented income statement in the contribution format for last month.
Fair Value/Cost may be possible even with a 22% ownership stake. Unrecognized profits in trading securities are reported Other Comprehensive Income. Dividends paid out of Common Stock at Par are reported as income. Other Comprehensive Income is found..
Cranky company produces two types of gears: X and Y. The unit contribution margins are $25 and $10 respectively. They can sell all they can produce. Each gear must be notched by a special machine. How many of each should be made (what is the optimal ..
Compute the relevant cost of (a) making and (b) purchasing the component. Which alternative isles costly and by how much and What qualitative factors might influence the decision about whether to make or to buy the component?
When the level of activity decreases, variable costs will:
Perdon Corporation manufactures safes—large mobile safes, and large walk-in stationary bank safes. As part of its annual budgeting process, Perdon is analyzing the profitability of its two products. Part of this analysis involves estimating the amoun..
Create the Journal for the transactions and Post these to the T-accounts and create the Unadjusted trial balance, Make the necessary Adjusted journal entries.
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