User Account

All Pages

Calculate the total fixed expenses for the year

Assignment Help Accounting Basics
Reference no: EM132733193

Question - Shamrock Inc. plans to sell 3,000 Irish sweaters for $200 each in the coming year. Product costs include:

Direct materials per sweater $40

Direct labor per sweater 10

Variable overhead per sweater 15

Total fixed factory overhead $20,000.

Variable selling expenses are $5 per sweater, and fixed selling and administrative expenses total $12,000.

Required -

A. Calculate the total variable cost per unit.

B. Calculate the total fixed expenses for the year.

C. Prepare a contribution margin income statement for Shamrock Inc. for the coming year.

Reference no: EM132733193

Questions Cloud

Determine the specific drugs : Pick a pathogen, suggest tests that should be performed on that pathogen to determine the specific drugs and give reasons why they would be appropriate.
How are model codes developed : How are model codes developed? Who may suggest changes to them? How are model codes adopted at the local level?
Develop autoimmune disease : In terms of clonal selection and clonal deletion, describe how some people are born with/develop autoimmune disease?
Law applied to both fire personnel and civilians : Explain the origins and theory behind the Good Samaritan law. How is the law applied to both fire personnel and civilians?
Calculate the total fixed expenses for the year : Variable selling expenses are $5 per sweater, and fixed selling and administrative expenses total $12,000. Calculate the total fixed expenses for the year
Consider how a vaccine works : Consider how a vaccine works. Describe how the Influenza vaccine protects you from becoming ill following exposure to the Influenza virus.
Explain how you would put the money to use : Consider your current workplace and assume you have just been granted $25k to help improve motivation within the coffee shop. In 300 words explain how you would
Valuable public relations tools fire prevention : Public education is one of the most valuable public relations tools a fire prevention division can have
Contract the influenza virus : Does anyone ever contract the Influenza virus from the vaccine itself? Why or why not?

Reviews

Write a Review

Accounting Basics Questions & Answers

  How much control does fed have over this longer real rate

Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest.   How much control does the Fed have over this longer real rate?

  Coures:- fundamental accounting principles

Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.

  Accounting problems

Accounting problems,  Draw a detailed timeline incorporating the dividends, calculate    the exact Payback Period  b)   the discounted Payback Period. the IRR,  the NPV, the Profitability Index.

  Theory of interest - term structure of interest rates

Term Structure of Interest Rates

  Write a report on internal controls

Write a report on Internal Controls

  Prepare the bank reconciliation for company

Prepare the bank reconciliation for company.

  Cost-benefit analysis

Create a cost-benefit analysis to evaluate the project

  Theory of interest

Theory of Interest: NPV, IRR, Nominal and Real, Amortization, Sinking Fund, TWRR, DWRR

  Liquidity and profitability

Distinguish between liquidity and profitability.

  What is the expected risk premium on the portfolio

Your Corp, Inc. has a corporate tax rate of 35%. Please calculate their after tax cost of debt expressed as a percentage. Your Corp, Inc. has several outstanding bond issues all of which require semiannual interest payments.

  Simple interest and compound interest

Simple Interest, Compound interest, discount rate, force of interest, AV, PV

  Capm and venture capital

CAPM and Venture Capital

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!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd