During its most recent fiscal year simon enterprises sold

Assignment Help Accounting Basics
Reference no: EM13583532

During its most recent fiscal year, Simon Enterprises sold 290,000 electric screwdrivers at a price of $17.70 each. Fixed costs amounted to $841,000 and pretax income was $1,131,000. What amount should have been reported as variable costs in the company's contribution margin income statement for the year in question?

Reference no: EM13583532

Questions Cloud

Company believes it can sell 10000000 units of its : company believes it can sell 10000000 units of its proposed new garage door opener at a price of 100 each. if the
A product sells for 240 per unit and its variable costs per : a product sells for 240 per unit and its variable costs per unit are 162. the fixed costs are 428000. if the firm wants
When service departments fixed costs are allocated using : when service departments fixed costs are allocated using actual costs and actual usage the charge one production
Products should be designed to meet customer needs at a : what is the basic premise of target costing?customers are generally willing to pay for whatever companies design so
During its most recent fiscal year simon enterprises sold : during its most recent fiscal year simon enterprises sold 290000 electric screwdrivers at a price of 17.70 each. fixed
Krusty co uses a capital intensive production process and : krusty co. uses a capital intensive production process and allocates maintenance costs to the three producing
A production departments output for the most recent month : a production departments output for the most recent month consisted of 11500 units completed and transferred to the
Austin company uses a job order cost accounting system the : austin company uses a job order cost accounting system. the companys executives estimated that direct labor would be
A company is trying to decide whether to keep or drop the : a company is trying to decide whether to keep or drop the sporting goods department in its department store. if the

Reviews

Write a Review

Accounting Basics Questions & Answers

  How much control does fed have over this longer real rate

Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest.   How much control does the Fed have over this longer real rate?

  Coures:- fundamental accounting principles

Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.

  Accounting problems

Accounting problems,  Draw a detailed timeline incorporating the dividends, calculate    the exact Payback Period  b)   the discounted Payback Period. the IRR,  the NPV, the Profitability Index.

  Write a report on internal controls

Write a report on Internal Controls

  Prepare the bank reconciliation for company

Prepare the bank reconciliation for company.

  Cost-benefit analysis

Create a cost-benefit analysis to evaluate the project

  Theory of interest

Theory of Interest: NPV, IRR, Nominal and Real, Amortization, Sinking Fund, TWRR, DWRR

  Liquidity and profitability

Distinguish between liquidity and profitability.

  What is the expected risk premium on the portfolio

Your Corp, Inc. has a corporate tax rate of 35%. Please calculate their after tax cost of debt expressed as a percentage. Your Corp, Inc. has several outstanding bond issues all of which require semiannual interest payments.

  Simple interest and compound interest

Simple Interest, Compound interest, discount rate, force of interest, AV, PV

  Capm and venture capital

CAPM and Venture Capital

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