Discuss what is the current operating profit

Assignment Help Accounting Basics
Reference no: EM131804718

Question:

Augusta LLC has a plant capacity that can produce 4,000 units annually. Its predicted operations for the year are as follows:

Sales (1,000 units at $75 each)

$75,000

Manufacturing costs:

Variable

$30 per unit

Fixed

$40,000

Marketing and administrative costs:

Variable

$8 per unit

Fixed

$20,000

What is the current operating profit? Please show the work and calculations.

Reference no: EM131804718

Questions Cloud

What is internal rate of return of the remodeling project : Assuming a five year time horizon, what is the internal rate of return of the remodeling project? Should the company invest in the remodel
Producing the generic aspirin first : Find the break-even volumes when producing brand-name aspirin first, and when producing the generic aspirin first.
Evaluate the success of the new product : Using the idea you have chosen for your project, describe how you will evaluate the success of the new product or service and its branding.
What is the net present value of the film project : What is the net present value of the film project? To simplify, assume that all outlays to produce the film occur at time 0. Should the company produce the film
Discuss what is the current operating profit : Augusta LLC has a plant capacity that can produce 4,000 units annually,
Compare and contrast the retail value and the value chain : Compare and contrast the retail value and the value chain of Abercrombie & Fitch Co. Determine key qualities that you believe the company exhibits.
Metics strive for safety and health excellence : Calculate Severity rates 1 and 2, TRC rate, LWC rate, and % recordable cases. Does your facility's indicator metics strive for safety and health excellence?
Role of competition and consumers in the assessments : Method's founders and CEO repeatedly reference the role of competition and consumers in their assessments of their external environment.
How classical conditioning and instrumental learning help : discuss how classical conditioning and instrumental learning help us adapt to the environment - Describe two examples of S-O learning

Reviews

Write a Review

Accounting Basics Questions & Answers

  What is a current liability

What is a current liability? From the perspective of a user of financial statements, why do you believe current liabilities are separated from long-term liabilities?

  Noncontrolling interest share of consolidated net income

Race decided to use the equity method to account for this investment. What was the noncontrolling interest's share of consolidated net income?

  Materials price and materials quantity variances

What were Glass Vessel's materials price and materials quantity variances for March?

  North wind aviation received its charter during january

north wind aviation received its charter during january 2010. the charter authorized the following capital

  Compute the price of the bonds for these maturity dates

The current yield to maturity on such bonds in the market is 14 percent. Compute the price of the bonds for these maturity dates

  What is the amount of joint costs assigned to product y

What is the amount of joint costs assigned to Product Y using the sales-value-at-split-off method

  Purchase price and sales price comparison

This question belongs to Accounting and it is about accounting review of an Australian company Woolworths Ltd. This exacting question is purchase price and sales price comparison of an investment by Woolworths Ltd

  What are the total assets of the company at the end of year

The company reported $234,000 in revenues and $177,000 in expenses for the year. Liabilities at the end of the year totaled $104,000. What are the total assets

  Nonvalue-added costs in a doctor office

When comparing various divisions within a company, describe what problems can arise from evaluating divisions that have different accounting methods, as described in Chapter 11 of your text. Cite three examples of accounting methods that could ca..

  Discuss and critically evaluate the success of harmonisation

Discuss and critically evaluate the success of harmonisation. Choose a country as an example for illustration.

  What are the budget and finance constraints

What are the budget and finance constraints that the state places on local government? Does Dillion's rule, as discussed in the text, apply?

  Find the inventory turnover at cost

If the beginning inventory at cost was $561,900 and the ending inventory at cost was $302,300, find the inventory turnover at cost

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