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Sanchez Co. sells flags with team logos. Sanchez has fixed costs of $ $602,000 per year plus variable costs of $5.50 per flag. Each flag sells for $12.50.
Requirements:
1. Compute the number of flags Sanchez must sell each year to break even.2. Compute the dollar sales Sanchez needs to earn $70,000 in operating income.3. Prepare Sanchez's contribution margin income statement for the year June 30, 2012, for sales of 88,000 flags. Cost of Goods sold is 60% of variable costs. Operating costs make up the rest of variable costs and all of the fixed costs.4. The company is considering an expansion that will increase fixed costs by 20% and variable costs by $.60 cents per flag. Compute the new breakeven point in units and dollars ( round to the nearest unit for the breakeven point and the nearest dollar for the breakeven sales). Should Sanchez undertake the expansion. Give your reasoning.
Dave Ganz started a sole proprietorship by depositing $30,000 cash in a business checking account. During the accounting period the business earned $6,000 of net income and Ganz withdrew $2,000 cash from the business.
Support your speculation with evidence or examples and cite the Websites used in your research.
The township authorized a bond issue of $11 million for the construction of a pedestrian walkway as part of a downtown revitalization project. An additional $1 million of general revenues is to be used for the project. The authorization was record..
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orm Fish makes cheap fishing rods and operates in a competitive market. The company has a fixed cost of $20,000 per period. In addition the firm incurs production or variable costs depending on its output as follows:
Assume for 2011 that Don made one transfer involving his granddaughter as follows: Don opened a joint checking account with his granddaughter, with right of survivorship, for her college expenses.
How does activity-based costing differ from other forms of costing? What about activity-based management? Are activity-based costing and management suitable to all companies? Why or why not?
How large would the annual net cash inflows from the intangible benefits have to be to make this a financially acceptable investment?
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