Determine the dollar amount of its maintenance costs

Assignment Help Managerial Accounting
Reference no: EM133023009

Question - If sales total $3,000,000 and fixed costs total $500,000 and variable costs are $1,000,000 of sales what the contribution margin ratio? Enter as a whole number, for example enter 40% as 40 (no decimal place).

If contribution margin is 40% and fixed cost is $550,000, what is the breakeven sales dollars? Enter as a whole number (no cents).

Great Book Company has one service department (Maintenance Services). Great Book has two production departments (Printing Department & Binding Department.) Maintenance Services has costs of $150,000 which is allocated to production departments based on their number of employees. Employees are:

Maintenance Services 3

Printing Department 8

Binding Department 8

Great Book uses the direct method for service cost allocation. Use this information to determine for Great Book Company the dollar amount of its maintenance costs that are to be absorbed by the printing department. Round answers to the nearest whole dollar (no cents).

Reference no: EM133023009

Questions Cloud

Estimate the fair value of a European call option : Use the Black-Scholes-Merton model to estimate the fair value of a European call option on XYZ shares, with exercise price of $125
How much must be contributed at the end of each month : An RESP account earns 4.16% compounded daily. How much must be contributed at the end of each month in order to accumulate $270,000 in 16 years
Determine the total tax expense during the year : All changes in deferred tax balances were due to deferred tax benefits or expenses. Determine the total tax expense during the year
How does covid-19 impacting airline industry : Flexible Working and Psychological Contract - How does COVID-19 Impacting Airline Industry?
Determine the dollar amount of its maintenance costs : Great Book uses the direct method for service cost allocation. Use this information to determine for Great Book Company dollar amount of its maintenance costs
Prepare appropriate adjusting entry : Prepare appropriate adjusting entry(s) at December 31, 2021, assuming the fair value of the IBM common shares was: $1,810,000
What is the value of the company value : The expected return on the market is 10.50 per cent, and Treasury bills are yielding 3.40 per cent. What is the value of the company value
What is the company gross profit for June : During the month of June, the company incurred direct labor costs of $45,300. Given sales revenue of $204,000, what is the company's gross profit for June
Recruitment procedures and the selection process : HR Managers regarding their recruitment procedures, and the selection process - adopted strategies for attracting and recruiting candidates

Reviews

Write a Review

Managerial Accounting Questions & Answers

  Manage budgets and financial plans

Explain the budgeting process and its importance to a business, identifying the components of different budgets, forecast estimates for inclusion in the budgets.

  Prepare a retained earnings statement

Prepare a retained earnings statement for the year and Prepare a stockholders' equity section of given case.

  Prepare a master budget for the three-month period

Prepare a master budget for the three-month period.

  Construct the companys direct labor budget

Construct the company's direct labor budget for the upcoming fiscal year, assuming that the direct labor workforce is adjusted each quarter to match the number of hours required to produce the forecasted number of units produced.

  Evaluate the predetermined overhead rate

Evaluate the Predetermined Overhead Rate

  Determine the company''s bid

Determine the company's bid if activity-based costing is used and the bid is based upon full manufacturing cost plus 30 percent.

  Compute the pool rates for the different activities

Complete the schedule to compute the pool rates for the different activities.

  Prepare Company financial statements

Prepare Company financial statements

  Prepare an analysis of terracycles

This individual assignment is based on the TerraCycle Inc.

  Discuss the ethical issues

Discuss the ethical issues

  Political resources in emerging markets

Calculate the GDP in Income Approach  and Expenditure Approach

  Management accounting - ehsan electronics company

A new plant accountant suggested that the company may be able to assign support costs to products more accurately by using an activity based costing system that relies on a separate rate for each manufacturing activity that causes support costs.

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