Reference no: EM131797423
Question: The Renaissance Man Clothing Company experienced the following costs in 2007:
There was no beginning inventory. During the year the company manufactured 67,000 units. If net income using variable and full costing was $245,000 and $205,700, respectively, how many units did the company sell in 2007?
A 61,760
B 73,000
C 72,240
D 61,000
Uma's Used Autos has fixed costs of $7,000 per month. If each car is sold for $350 more than Alma paid for it, how many cars must Uma sell in a month in order to break even?
A 20 cars
B 50 cars
C 5 cars
D 30 cars
Assume that 500,000 CDs are produced and 450,000 are sold in 2008. What is ending inventory under variable costing?
A $150,000
B $200,000
C $250,000
D $300,000
The Outdoor Adventure Company experienced the following costs in 2007:
There was no beginning inventory. During the year the company sold 172,000 units. If net income using full and variable costing was $824,000 and $789,000, respectively, how many units did the company produce in 2007?
A 173,813
B 174,800
C 177,263
D 169,200
The Captain Carl Company experienced the following costs in 2007:
During the year the company manufactured 50,000 units and sold 45,000 units. If net income for the year was $265,000 using full costing, what would net income be if the company used variable costing? Assume no beginning inventories.
A $250,000
B $265,000
C $270,000
D $450,000
Syed Company needs to reduce the selling price of its product in order to be competitive. Currently, Syed has fixed costs of $346,400 and variable costs per unit of $2.50. If Syed can sell 80,000 units, what price should it charge in order to break even?
A $7.44
B $4.33
C $6.83
D $17.05
|
Perform a chi-square test of homogeneity on this data set
: The table shows statistical information on recorded live births in the Republic of South Africa in different years.
|
|
What is the firm-specific risk of portfolio
: Assume you create a portfolio Q, with investment proportions of 0.40 in a risky portfolio P, 0.35 in the market index, and 0.25 in T-bill.
|
|
Large portion of the retail book market
: Online booksellers have captured a very large portion of the retail book market over the past several years.
|
|
Find and compare the percentages of children arrested by age
: In Montreal, Canada, an experiment was done with parents of children who were thought to have a high risk of committing crimes when they became teenagers.
|
|
How many units did the company sell
: If net income using variable and full costing was $245,000 and $205,700, respectively, how many units did the company sell in 2007
|
|
What advantage does the two-proportion z-test have over
: Create a two-way table from the data and do a chi-square test on it, using a significance level of 0.05.
|
|
What will be the firm cash cycle in given problem
: Suppose that Ken-Z Art Gallery has annual sales of $890,000, cost of goods sold of $580,000, average inventories of $166,000, average accounts receivable.
|
|
Discuss about the use of steroid inhalers for asthma
: Eosinophils are a form of white blood cell that is often present in people suffering from allergies.
|
|
Critics skeptical of corporate social responsibility
: Why are many critics skeptical of corporate social responsibility? Utilitarian reasoning in approaching workplace hazards might be based on...
|