Compute the selling price per composite chair

Assignment Help Financial Accounting
Reference no: EM13748640

Success system sells upscale modular desk units and office chairs in the ratio of 3:2 (desk unit: chair). The selling prices are $1,250 per desk and $500 per chair. The variable cost are $750 per desk unit and $250 per chair. Fixed cost are $120,000.

1. Compute the selling price per composite chair

2. Compute the variable cost per composite unit

3. Compute the breakeven point in composite units

4. Compute the number of units of each product that would be sold at the breakeven point

Reference no: EM13748640

Questions Cloud

Financial statements training and education : Describe the format and elements of a balance sheet, statement of operation, statement of changes in net assets, and statement of cash flows.
Equivalent units for conversion costs : Baker Corporation uses the weighted-average method in its process costing system. The Assembly Department started the month with 13,600 units in its beginning work in process inventory that were 90% complete with respect to conversion costs.
Analyzes the most important internal strengths : Identifies and analyzes the most important internal strengths and weaknesses of your organization: include an assessment of the organization's resources
Write paper on challenging security requirements for us : Write Paper on "Challenging Security Requirements for US Government Cloud Computing Adoption," NIST Cloud Computing Public Security Working Group, NIST Cloud Computing Program
Compute the selling price per composite chair : Success system sells upscale modular desk units and office chairs in the ratio of 3:2 (desk unit: chair). The selling prices are $1,250 per desk and $500 per chair. The variable cost are $750 per desk unit and $250 per chair. Fixed cost are $120,000.
What is the current bond price : Ninja Co. issued 19-year bonds a year ago at a coupon rate of 6.9 percent. The bonds make semiannual payments. If the YTM on these bonds is 5.2 percent, what is the current bond price? Assume a face value of $1,000
Complete with respect to conversion costs : Walborn Corporation uses the weighted-average method in its process costing system. The beginning work in process inventory in a particular department consisted of 12,000 units, 100% complete with respect to materials cost and 30% complete with respe..
Issuing par stock and cash dividends : On January 29, Quality Marble Inc., a marble contractor, issued for cash 75,000 shares of $10 par common stock at $23, and on May 31, it issued for cash 100,000 shares of $4 par preferred stock at $6. Illustrate the effects on the accounts and financ..
Painting debt ratio will affect its internal growth rate : Internal Growth Rate Last year, Al's Painting, Inc., reported an ROE of 30 percent. The firm's debt-to-equity was 2.50 times, sales were $20 million, the capital intensity was 1.5 times, and dividends paid to common stockholders were $500,000. The fi..

Reviews

Write a Review

Financial Accounting Questions & Answers

  Financial statement analysis and preparation

Financial Statement Analysis and Preparation

  Shareholder of a company

Describe the ways that a person can become a shareholder of a company. Why Wal-Mart would split its stock?

  Financial and accounting principles

An understanding of financial and accounting principles can be a valuable tool for managers. While not all managers will find themselves calculating financial ratios or preparing annual financial data.

  Prepare a statement of cash flow using the direct method

Prepare a Statement of Cash Flow using the Direct Method and Prepare the Operations section of the Statement of Cash Flow using the Indirect Method.

  Financial accounting assignment

This assignment has one case study and two question apart from case study. Questions related to document Liquidation question and Company financial statements question - Torquay Limited

  Prepare general journal entries for goela

Prepare general journal entries for Goela Ltd

  Principles of financial accounting

Prepare the journal entry to record the acquisition of the assets.

  Prepare general journal entries to record the transactions

Prepare general journal entries to record the transactions, assuming use of the periodic inventory system

  Global reporting initiative

Compare the view espoused by the economist Milton Friedman about the social responsibilities of business with the views express by Stigler.

  Explain the iasb conceptual frameworks

Explain the IASB Conceptual Framework's perspective of users and their decisions.

  Determine the company''s financial statements

T he focus of the report is to determine the extent to which you are comfortable relying on the financial statements as presented by management .

  Computation of free cash flow

Computation of Free Cash Flow

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