How much is the margin of safety for the company for june

Assignment Help Accounting Basics
Reference no: EM13515167

The following monthly data are available for Seasons Company which produces only one product: Selling price per unit, $42; Unit variable expenses, $14; Total fixed expenses, $70,000; Actual sales for the month of June, 3,000 units. How much is the margin of safety for the company for June?

Reference no: EM13515167

Questions Cloud

Dectatorship during the cold war : United State supported Israel and dectatorship during the Cold war, disscuss the consequences regarding the support of dectatorship and Israel.(according to Gelvin text book Please if its possible)
Contrast centralized and uncentralized political systems : Describe and contrast Centralized and Uncentralized Political Systems. Be sure to include information on differences in group size, perception of land ownership, the relative importance of the family unit, as well as the appearance of bureaucracy. Th..
Evaluate the experimental yield in grams obtained reaction : After mixing 2.00g of H2S with 2.00g of NaOH, a 92.0% yield of sodium sulfide is obtained. Calculate the experimental yield in grams obtained in that reaction.
Consanguineal-nuclear family and extended family : Pick two of the familial forms listed below. Briefly describe the two forms assuming that the reader does not know what they are. Then discuss their strengths and weaknesses specific to how they function within American culture.
How much is the margin of safety for the company for june : How much is the margin of safety for the company for June - Seasons Company which produces only one product: Selling price per unit, $42; Unit variable expenses
How to determine the identity of element x : After mixing 500mg of XI3 with sufficient Cl2, 236mg of XCl3 are obtained. This represents 100% yield of that reaction. Determine the identity of element X.
Salvage value of the u-scan : The salvage value of the U-Scan is expected to be $3,000. What is the net present value if the cost of capital is 12 percent (ignore income taxes)? If required, round to the nearest whole dollar.
What plants were used at an archeological site : What is the word for a fossilized piece of silica absorbed by plants during life that indicates what plants were used at an archeological site?
State the equilibrium concentrations of xy : Based on a kc value of 0.210 and the given data table, what are the equilibrium concentrations of xy,x and ,y respectively

Reviews

Write a Review

Accounting Basics Questions & Answers

  Determining the adjusting entry

On November 1, 2009, Bug Busters collected $6,000 in advance for three months of service to be provided beginning on that date. It was credited in full to unearned rent revenue. Assuming the accounting year ends December 31, give the adjusting ent..

  Fallen capitalize for intangible assets

During the year, Fallen spent $7,500 on product development and paid $10,000 in continuing franchise fees. What amount should Fallen capitalize for intangible assets in 2010?

  Calculate the total cost of direct materials used

avery corporations northwestern factory provided the followinginformation for the last calendar yearbeginning

  Differences between tax and accounting income

Woody Corp. had taxable income of $8,000 in the current year. The amount of MACRS depreciation was $3,000 while the amount of depreciation reported in the income statement was $1,000. Assuming no other differences between tax and accounting income..

  Indirect materials were used in the production process

Which of the following journal entries correctly records the current month's activity where $92,000 of direct material and $41,000 of indirect materials were used in the production process?

  How will the character of the income or loss be determined

The character of any income or loss will be ordinary if the contributed property is sold by the partnership within five years after the date of contribution regardless of the character of the asset in the hands of the partnership.

  Determining variable and absorption costs

Assume that the company uses variable costing, compute the unit cost for one knife set? Assuming that the company uses absorption costing, compute the unit cost for one knife set.

  Determining compensation expense

On January 1, 2009, D Corp. granted an employee an option to purchase 6,000 shares of D's $5 par common stock at $20 per share.

  Compare and contrast the rules regarding revenue

compare and contrast the rules regarding revenue recognition under ifrs versus

  Activity variance for plane operating costs

The actual cost for plane operating costs in September was $214,430. The activity variance for plane operating costs in September would be closest to:

  Important factor for evaluating pending lawsuit

What accounting factors are significant before evaluating whether a pending lawsuit should be accrued as a liability and reflected in the financial statements?

  What is her promise worth today

She will continue to show this generosity for 20 years, giving a total of 20 payments. If the interest rate is 5%, what is her promise worth today?

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