Fxed overhead costs are 12000 per year fixed selling and

Assignment Help Accounting Basics
Reference no: EM13597243

Chromatics, Inc., produces novelty nail polishes. Each bottle sells for 3.60. Variable unit costs are as follows:

  1. Acrylic base- .75
  2. Pigments- .38
  3. Other ingredients- .35
  4. Bottle, packing material- 1.15
  5. Selling commission- .25

 

  • Fixed overhead costs are 12000 per year. Fixed selling and administrative costs are 6720 per year. Chromatics sold 35000 bottles last year.
  • What is Chromatics' operating income last year?

Reference no: EM13597243

Questions Cloud

Big sky mining company must install 15 million of new : big sky mining company must install 1.5 million of new machinery in its nevada mine. it can obtain a bank loan for 100
Metro shuttle inc is considering investing in two new vans : metro shuttle inc. is considering investing in two new vans that are expected to generate combined cash inflows of
Scoresby co uses 3 machine hours and 1 direct labor hour to : scoresby co. uses 3 machine hours and 1 direct labor hour to produce product x. it uses 4 machine hours and 8 direct
Sifton electronics corporation manufactures and assembles : sifton electronics corporation manufactures and assembles electronic motor drives for video cameras. the company
Fxed overhead costs are 12000 per year fixed selling and : chromatics inc. produces novelty nail polishes. each bottle sells for 3.60. variable unit costs are as follows acrylic
The raab company is expanding its production facilities to : the raab company is expanding its production facilities to include a new product line a sporty automotive tire rim.
7 million of 11 bonds were issued for 7 million on augues : at december 31 2011 newman engineerings liabilities include the following 1. 10 million of 9 bonds were issued for
Bienvenu enterprises reported cost of goods sold for 2010 : bienvenu enterprises reported cost of goods sold for 2010 of 1946000 and retained earnings of 7228000 at december 31
Who is single retired from his job this year he received a : who is single retired from his job this year. he received a salary of 25000 for the portion of the year that he worked

Reviews

Write a Review

Accounting Basics Questions & Answers

  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 295000 and its

  The jung corporations budget calls for the following

the jung corporations budget calls for the following productionquarter 1 45000 unitsquarter 2 38000 unitsquarter 3

  Dec 31 recorded depreciation on the remaining truck it has

transactions for fixed assets including salethe following transactions adjusting entries and closing entries were

  An organization makes and sells one product if the target

an organization makes and sells one product. if the target net profit for the month is 26000 monthly fixed costs are

  Design a chart of accounts for s dilley amp company explain

ollie mace has recently been appointed controller of s. dilley amp company a family-owned manufacturing firm founded 28

  What effect will a two-for-one stock split have on the

what effect will a two-for-one stock split have on the following items found on a firms financial statements?1.

  First-out method used to cost inventories

The cost of the 500 units in process at the end of the period in the first-in, first-out method is used to cost inventories was which of the following:

  Journal entry of exchange of equipment

Equipment that cost $80,000 and has accumulated depreciation of $63,000 is exchanged for similar equipment with a fair value of $35,000 and $15,000 cash is received. The exchange lacked commercial substance.

  You have 10000 to invest at 5 annually and you will keep

you have 10000 to invest at 5 annually and you will keep the money invested for 10 years. what will this amount grow

  The backus inc cash account had a balance of 1092 on march

the backus inc. cash account had a balance of 1092 on march 31. this included a bank deposit for 172 that was in

  What is the ending noncontrolling interest balance

Apart from its investment in Starr, Harrison had income of $220,000 in 2011 and $260,000 in 2012.

  Determine the cost of material purchased the cost of raw

raw material inventory112004 5000raw material inventory12312004

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