User Account

All Pages

Determine the estimated sales in units of the overall

Assignment Help Accounting Basics
Reference no: EM13482669

Hitch Company Sells Products S and T and has made the following estimates for the coming yr:
Product   Unit Selling price  Unit Variable Cost  Sales Mix   

S                           $30                 $24               60%   

T                           $70                 $56               40%

Fixed costs are estimated at $202,400. Determine:
a) the estimated sales in units of the overall product necessary to reach the break even point for the coming year
b) the estimated number of units of each product necessary to be sold to reach the break even point for the coming year
c) the estimated sales in units of the overall product necessary to realize an operating income of $119,600 for the coming year.

Reference no: EM13482669

Questions Cloud

Prepare a multiple-step income statement a statement of : more co. is a merchandising business. the account balances for more co. as of november 30 2008 unless otherwise
Prepare cost of goods sold statement for the year ended dec : china toys manufacturing company ltd. had a fire that completely destroyed the factory premises. only few accounting
Rose corporation stock is owned 85 by pheasant corporation : rose corporation stock is owned 85 by pheasant corporation and 15 by crystal. in a liquidation subject to section 332
What journal entry should be recorded g at the beginning of : 1in 2013 company a sold inventory costing 100 to its fully-owned subsidiary company b for 150. the entire inventory
Determine the estimated sales in units of the overall : hitch company sells products s and t and has made the following estimates for the coming yr product nbsp unit selling
An aging of accounts receivable indicated that 62500 of : before year-end adjusting entries carter companys account balances at december 312013 for accounts receivable and the
The following is a list of various costs of producing : the following is a list of various costs of producing sweatshirts. classify each cost as either a variable fixed or
Benton company bc has one owner who is in the 35 federal : benton company bc has one owner who is in the 35 federal income tax bracket. bcs gross income is 320000 and its
Dividing llc net income and statement of members equity : dividing llc net income and statement of members equitymedia properties llc has three members kxt radio partners rachel

Reviews

Write a Review

Accounting Basics Questions & Answers

  Future value calculation without referring to the

future value calculation without referring to the preprogrammed function on your financial calculator or to tables use

  Merchandise within the discount period

Logan Appliances purchased $8,000 of merchandise, 2/10, n/30, FOB shipping point. The seller prepaid the shipping charges of $200. If Logan pays for this merchandise within the discount period, how much should Logan remit to the seller?

  Computing the recognized gain

On April 1, 2004, Norcross Corporation purchased a new machine for $550,000. At the time of acquisition, the machine was estimated to have a useful life of ten years and an estimated salvage value of $25,000.

  Prevention of management fraud in australia

Are there any other regulatory controls or mechanisms (other than internal controls) that could prevent management fraud in Australia? If so, briefly discuss the ability of these mechanisms to prevent fraud?

  1 using the appropriate interest table answer each of the

1 using the appropriate interest table answer each of the following questions. each case is independent of the others.a

  Balance of the accumulated depreciation account

A change in estimate was made in 2011 to reflect these additional data. What amount should Wolverine record as the balance of the accumulated depreciation account for this machine at December 31, 2011?

  Which of the following are characteristics of an effective

which of the following are characteristics of an effective manual accounting system but not characteristics of an

  Amount of amortization at each interest payment point

Larson Company issued $500,000 of 8%, 5-year bonds at 106. Assuming straight-line amortization and annual interest payments, what is the amount of the amortization at each interest payment point?

  Number of equivalent units of production

If 16,000 units of materials enter production during the first year of operations, 12,000 of the units are finished, and 4,000 are 75% completed, the number of equivalent units of production would be 15,000.

  What are the primary reasons for audit failures and the

1. what is the purpose of an audit performed by a cpa?2. do audits signify to financial statement users

  Making summary entries to record

Using the installment-sales method, make summary entries to record: (a) the installment sales and cash collections; (b) the cost of installment sales; (c) the unrealized gross profit; (d) the realized gross profit.

  Expecting annual overhead costs

If annual overhead costs are expected to be $750,000 and direct labor costs are expected to be $1,000,000, then:

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!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd