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Piedmont Fasteners Corporation makes three different clothing fasteners in its manufacturing facility in North Carolina. Data concerning these products appear below:Velcro Metal NylonNormal annual sales volume 100,000 200,000 400,000Unit selling price $1.65 $1.50 $0.85Variable cost per unit $1.25 $0.70 $0.25--------------------------------------------------------------------------------Total fixed expenses are $400,000 per year.All three products are sold in highly competitive markets, so the company is unable to raise its prices without losing unacceptable numbers of customers.The company has an extremely effective lean production system, so there are no beginning or ending work in process or finished goods inventories.Requirement 1:
What is the company's over-all break-even point in total sales dollars?
Break-even point in total sales dollars $
How much ending inventory of plastic should be reported on the company's balance sheet at September 30
The standard costs and actual costs for direct materials, direct labor, and factory overhead for the manufacture of 2,500 units of product and find the labor efficiency (quantity) variance
The loader is predictable to have a four-year life and a $20,600 salvage value. Loader costs are recorded in Equipment account. Evaluate what is the journal Entry?
What is your overall appraisal of the company's cost system and its use in reports to management List the strengths and weaknesses of this system and its related reports for the purposes management uses the system's output.
net salvage valueallen air lines have to liquidate some equipment that is being replaced. the equipment originally cost
The budgeted indirect labor is $1.20 per machine-hour. The actual indirect labor cost for the month was $56,408. The variable overhead efficiency variance for indirect labor is.
the local episcopal church operates a retail shop.nbsp the inventory consists of the typical items sold by commercial
Situations involves possible violations of the AICPA's Code of Professional Conduct. For each situation - explain the nature of the violation and the rationale for the existing rule.
Provide a summary to the partners, outlining the advantages and disadvantages of forming the business as a partnership and the advantages and disadvantages of forming as a corporation
Determine whether Computer Villages should discontinue the furniture line and the financial benefit (cost) of dropping it.
The patents were purchased by the company at a cost of $40,000 and are being amortized on a straight-line basis.
Analyze the accounting for each fixed asset class using US GAAP and IFRS. Assume the Company uses straight-line depreciation for all its fixed assets and takes a full year of depreciation in the year of the addition.
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