Calculating allocated fixed cost

Assignment Help Managerial Accounting
Reference no: EM1349578

Urban Athletics Company has two store locations, North and South. During October, the company reported net income of $192,000 on sales of $905,000. Sales in the North store were $680,000 and variable costs in the South store were 60% of sales. The contribution margin in the North store was $204,000. If total direct costs are $50,000 allocated fixed cost must be:

Reference no: EM1349578

Questions Cloud

Explain what are some common ergonomic problems : Explain What are some common ergonomic problems that employees have experienced on the job and what actions have employers taken to remedy these issues?
Explain why do you think it is important for managers : Explain why do you think it is important for managers to understand the mechanics of supply and demand both in the short run and in the long run.
Conflict is negative toward constructive controversy : how would you use the communication theories presented in chapter 6 to help the parties arrive at a more productive outcome
What is the minimum stopping distance for the same car : The minimum distance required to stop a car moving at 36.0 mi/h is 48 ft. What is the minimum stopping distance for the same car moving at 70.0 mi/h, assuming same rate of acceleration.
Calculating allocated fixed cost : Urban Athletics Company has two store locations, North and South. During October, the company reported net income of $192,000 on sales of $905,000.
Explain that experience to your classmates : Think about a time in your work personal or school experience where you have held a position that required you to use the Leading function. Explain that experience to your classmates
Illustrate what is the shape of an indifference curve : Illustrate what is the shape of an indifference curve if there are economic bads on both axies.
Question on total fixed cost : Borderbooks Company has two locations, downtown and at a suburban mall. During March, the company reported net income of $271,000 and sales of $1.2 million.
Correlation equavalents causation : Find an article that assumes correlation equals causation and give the APA reference for the article, followed by a brief overview of the issue and of the author's position on the issue.

Reviews

Write a Review

Managerial Accounting Questions & Answers

  Prepare mastic static budget-prepare flexible budget

A company makes a product out of metal. They employ two pounds of metal that costs them $20 per pound. They pay their employees $25 an hour and it takes average of 1.3 hours for them to make the final product.

  Production cost variances

When determining end of period production cost variances, which of the following product costs components will require flexing?

  Powerpoint presentation on topic of costing

Task is to make a 10-12 powerpoint presentation on topic of costing. Explaining what needs to be done to project profits using the traditional income statement if sales were to increase 20%

  Question on total fixed cost

Borderbooks Company has two locations, downtown and at a suburban mall. During March, the company reported net income of $271,000 and sales of $1.2 million.

  Explanation of cash conversion cycle

Assuming a 365-day year, what is the length of its cash conversion cycle?

  Costing choices-process-job and activity-based methods

Pick a costing method: process, job, or activity based. Explain the nature of your chosen method. What types of organizations should choose that method?

  Evaluate direct materials and conversion costs

What are the corresponding units for direct materials and conversion costs, correspondingly, for June?

  Annual budget for rtwmtc

You've been appointed as an executive director of small nonprofit organization. Among your many duties are to estimate an annual budget and develop a fiscal plan for organization.

  Operating leverage-margin of safety-cost behavior

Describe how a 3 percent decline in sales at Home Depot could cause the 21 percent decline in profits. What accounting concept was involved, how were the many major types of costs incurred by Home Depot likely affected by decline in its sales

  Model building of startup company projections

Recognize the decision variables, exogenous variables, performance measure and intermediate variables. Illustrate the relationships between variables identified in part 1. Compute the break-even point

  Direct and indirect cost-mercy greeting cards

Mercy Greeting Cards Incorporated is starting a new business venture and are in the process of evaluating its product lines. Information for one new product, traditional parchment grade cards, is as follows: What is the total estimated life-cycle o..

  Managerial accounting-cost flows

Green Company's costs for the month of August were as follows: direct materials, $27,000; direct labor, $34,000; selling, $14,000; administrative, $12,000; and manufacturing overhead, $44,000.

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!

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