Reference no: EM133018500
Question - Jack makes electric golf carts, sold for $4,000 each. Relevant cost data are as follows:
Direct materials (per unit) $1,600
Fixed manufacturing overhead (total) $200,000
Direct labor (per unit) 500
Fixed selling expenses (total) 80,420
Variable manufacturing overhead 250
Variable selling costs (per unit) 25
Jack pays income taxes at the rate of 35 percent.
Required -
1. Compute the number of carts that need to be sold to earn $500,000 after tax.
2. Determine the revenue at which after tax profit equals 20% of sales.
|
What is the total amount of interest paid on february
: Assume the city of Oakville, Ontario issued a $200,000, 7% five-year bond dated on November 1, 2020, What is the total amount of interest paid on February
|
|
Calculate the carrying amount of the investment
: Love acquired 30% of ordinary shares of Cinta on 1 July 2019 for RM20 million. Calculate the carrying amount of the investment and the share of profits
|
|
How do you address customer conflict
: Think about a workplace you are currently in or were in previously, or think about a time when you were in a volunteer position. short essay on "Who is My Custo
|
|
What do you believe the employee did wrong
: Take a few minutes to think about some of the most memorable customer service experiences you have had, both good and bad. Pick one of each and answer the follo
|
|
Compute the number of carts that need to be sold
: Jack makes electric golf carts, sold for $4,000 each. Compute the number of carts that need to be sold to earn $500,000 after tax
|
|
What amount be used to consolidate sub cost of goods sold
: What amount should be used to consolidate Sub's cost of goods sold into Parent's income statement under the current rate method
|
|
What is the fair price of a hawkeye share
: Growth in dividends is expected to be 5.3% per year for the foreseeable future, and investors require 14.2% return. Using a DDM model, what is the fair price
|
|
Should sophie pharmaceuticals make the new investment
: Sophie Pharmaceuticals Ltd has 9.6 million ordinary shares on issue. Should Sophie Pharmaceuticals make the new investment
|
|
What is the financial impact of taking the order
: An analysis of costs and expenses reveals that variable cost of goods sold is $18.50 per unit. What is the financial impact of taking the order
|