Reference no: EM1374726
The subsequent costs results from the production and sale of 4,000 drum sets manufactured by Vince Drum corporation for the year ended Dec. 31,2011. The Drum sets sell at 250 each. The company has a 25 percent income tax rate.
Variable production costs
Plastic for casing ........................................$68,000
Drum stands.................................................104,000
Wages of assembly workers........................328,000
Variable selling costs
Sales commissions........................................60,000
Fixed manufacturing cost
Factory maintenance....................................20,000
Taxes on factory...........................................10,000
Factory machinery depreciation....................80,000
Fixed selling and administrative cost
Accounting staff salaries...............................70,000
Lease of equipment for sales staff...............20,000
Administrative management salaries...........150,000
check: (1) Net income $67,500
1. Create a contribution margin income statement for the company
2. Evaluate its contribution margin per unit and its contribution margin ratio
3. Understand the contribution margin ratio from part 2.
What is the subsequent new theory called
: What is the subsequent new theory called: 'under which firms could be held liable if their stock prices fell meaningfully when the firms' projections of future earnings had been favourable
|
Find what alfred''s basis for gain
: Gift taxes paid on property were $3,000. Find what Alfred's basis for gain is and what is his basis for loss?
|
Illustrate what supply challenge would red fish-blue fish
: Illustrate what supply challenge would Red Fish, Blue Fish, face in expanding into South America. Do you recommend expanding aggressively into South America. Explain why or why not.
|
What progresses of action may tyson pursue
: Tyson supposed that it shouldn't have been liable, that the grants of damages were excessive and unsupported by proof, and that the inadmissible evidence and improper conduct had tainted the proceedings. What progresses of action may Tyson pursue?
|
Create a contribution margin income statement
: Create a contribution margin income statement for the company and evaluate its contribution margin per unit and its contribution margin ratio
|
Write a brief explaining strengths and weaknesses of both
: You would like to set up a Web site to sell towels, linens, pottery and tableware from Portugal and are examining services for hosting small business Internet storefronts. Write a brief report indicating your choice and explaining strengths and wea..
|
Question about technological change
: The technology is now expanding so that road use can be priced through computer. A computer in surface of the road picks up a signal from your car and automatically charges you for use of road.
|
What social accountabilities do pharmaceutical companies
: What social accountabilities do pharmaceutical companies have that differs from other kinds of companies? Who are the primary stakeholders a pharmaceutical company has as well as how do you think they are prioritized?
|
Compute the adjusted balance
: The March bank statement shown an ending balance of $20,245.00. Comparing bank statement, the canceled checks, and the accompanying memos
|