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Number of musicians big band 15 jazz combo 4 rock band 5 price per hour 650,185,200. the musicians in all groups are paid 20 per hour. the company employs one person who sets up the equipment needed by the bands before each job and dismantles the equipment at the end of the job. this person is paid 125 to set up and tear down each job. the company's yearly costs are 5,000 for advertising,7,000 for equipment rental and depreciation,and 9,500 for other administrative costs. during 2009, music for all occasions performed the following jobs: number of jobs big band 32, jazz combo 97, rock band 88 total number of hours for all jobs 105,410,370. at the beginning of 2010 competition forced the owner of music for all occasions to change the price for the big band to 575 per hour and reduce the number of musicians in the group to 12. the wage rate for musicians in the big band was also raised to 25 per hour. based on the former price of 650 per hour, the owner estimated the big band would perform 35 jobs in 2010 totaling 115 hours, however with the reduced price, the big band actually played 50 jobs in 2010 for a total of 165 hours. perform the following analysis for music for all occasions. A) Determine the cost behavior(fixed or variable) for all of the company's costs and identify the activity base for the variable costs. B) Prepare a report showing contribution margin and contribution margin ratio by type of band for 2009. C) Prepare a variable costing income statement for the entire company for 2009. be sure your income statement shows both contribution margin and income from operations. D) Prepare a contribution margin analysis report for only the big band for 2010 comparing planned performance under the old price structure(650 per hour with 15 musicians) and the actual performance under the reduced price structure(575 per hour with 12 musicians)
scholarpak company produced and sold 76000 backpacks during the year just ended at an average price of 36.00 per unit.
proceeds from an issue of debt securities having stock warrants should not be allocated between debt and equity
What is a break even point? a) The level of operations at which a business revenues exceeds the budget. b) The level of operations at which the business will be able to break into a new market
Charlie Corp sells it products on both credit and cash basis. Monthly sales are sold 20% for cash, 80% for credit. Credit sales are collected 40% in the month of sale and 60% the following month. Sales for the first quarter are as follows:
ltbrgt ltbrgt3. acquisition entry and consolidation working paper on january 31 2014 phoenix inc. acquired all of the
for 1 million dempsey inc. purchased stock in a corporation that held only one asset an fcc license and thus is unable
The company uses the effective interest method to account for this debt.
Jamison Company produces and sells Product X at a total cost of $25 per unit, of which $15 is product cost and $10 is selling and administrative expenses. In addition, the total cost of $25 is made up of $14 variable cost and $11 fixed cost
Cash Conversion Cycle. Calculate the accounts receivable period, accounts payable period, inventory period, and cash conversion cycle for the following firm.
Mark Company currently sells a video recorder with a selling price of $300 per unit. The variable expense per unit is $175 and fixed expenses are $100,000. If the company reduces variable expenses by $20 per unit and increases the fixed expenses b..
The expected risk and return on individual securities are two of the most important measures of attractiveness. Precisely and completely explain how the expected return and standard deviation of the returns on individual securities are determined ..
sterling products a manufacturer of aircraft landing gear makes 1000 units each year of a special valve used in
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