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Question - Vice President for Sales and Marketing at Waterways Corporation is planning for production needs to meet sales demand in the coming year. He is also trying to determine how the company's profits might be increased in the coming year. This problem asks you to use cost-volume-profit concepts to help Waterways understand contribution margins of some of its products and decide whether to mass-produce any of them.
Waterways markets a simple water control and timer that it mass-produces. Last year, the company sold 635,000 units at an average unit selling price of $5.00. The variable costs were $2,222,500, and the fixed costs were $619,125.
If management wanted to increase its income from this product by 10%, how many additional units would have to be sold to reach this income level?
Explain and then determine the impact on Break-even point in dollars if the company fixed factory overheads increase by $1700?
Annual fixed expenses are $45 000 and the sales mix remains constant. How many units of Fancy must Maxie Pty Ltd sell to earn a target profit of $31 500?
Activity C is finished. It finished 2 weeks late. It cost $100,000. And it was planned to cost $110,000. What are the PV, EV, and AC for the project
Determining appropriate product costs is essential to reporting a reliable inventory valuation. Fraud examiners have indicated that scams that involve product costs and expenses are relatively easy to detect.
Prepare in the order they occurred the journal entries that resulted in the amounts posted to the accounts and prepare a trial balance at April 30, 2012.
Compute the company's first-year net income under both the cash basis and the accrual basis of accounting.
Nyameye Ent. Manufactures,Design a store ledger card using Last In First (LIFO) Price Method in determining the value of the closing Inventory
Assume that finished goods inventories are valued at the current unit manufacturing cost.
The total price was $550. Later, a friend visiting their house saw the chairs and was sure they were Queen Anne antiques. He contacted a collector who inspected the chairs and offered Basil $14,000 for the set.
What unit product costs will be reported for the three products if the ABC system suggested by the cost accountant's classification of cost pools
The medallions are identical except for the materials used in their manufacture. What costing system would you advise the company to use?
Prepare the journal entries to record the issuance of the bonds, all the interest payments, premium amortizations, bond issue cost amortizations, and the repayment of the bonds."
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