It costs lannon fields 28 of variable costs and 12 of

Assignment Help Accounting Basics
Reference no: EM13581037

It costs Lannon Fields $28 of variable costs and $12 of allocated fixed costs to produce an industrial trash can that sells for $60. A buyer in Mexico offers to purchase 3,000 units at $36 each. Lannon Fields has excess capacity and can handle the additional production. What effect will acceptance of the offer have on net income?

Reference no: EM13581037

Questions Cloud

Marios incorporated is in the process of selecting a : marios incorporated is in the process of selecting a production machine between two alternatives. marios cost of
Knseth sold for 3500 equipment which originally cost 5000 : kenseth corporations unadjusted trial balance at december 1 2014 is presented below.debitcreditcash22000accounts
If the old equipment is replaced now it can be sold for : chung inc. is considering the replacement of a piece of equipment with a newer model. the following data has been
Timkin companyu2019s current costs per unit of producing : timkin companyu2019s current costs per unit of producing the subassemblies internally with the old equipment are given
It costs lannon fields 28 of variable costs and 12 of : it costs lannon fields 28 of variable costs and 12 of allocated fixed costs to produce an industrial trash can that
Kolinchak inc expects its gross payroll for the period to : kolinchak inc. expects its gross payroll for the period to be 100000. it expects to withhold 7.65 of gross payroll for
Griffin corp is evaluating its piquette division an : griffin corp. is evaluating its piquette division an investment center. the division has a 60000 controllable margin
Barton corporation has provided the budgeting information : barton corporation has provided the budgeting information for you to determine its expected bonus payments. bartons
Given the current economic conditions in canada discuss any : a company is considering three separate mutually exclusive projects a b and c. project a requires a 10000 cash outlay

Reviews

Write a Review

Accounting Basics Questions & Answers

  Antonella in today tax dollars

how much would this action save Antonella in today's tax dollars? If Antonella's tax rate increased to 32% next year, would receiving the bonus in January still be advantageous?

  Effective-interest method of amortization

Assuming that interest is computed annually, at what carrying value should the total liability for these bonds be reported two years later on December 31, 2012, if the effective-interest method of amortization is used?

  Determine the number of lollipops

The variable costs were $350000 and the net profits were $100000. Administration has directed management to double profits in the next year. Assignment: Determine the Number of lollipops that must be sold to reach this target.

  The credit spread on aaa-rated corporate bonds

a. What is the price (expressed as a percentage of the face value) of a one-year, zero-coupon corporate bond with a AAA rating?b. What is the credit spread on AAA-rated corporate bonds?c. What is the credit spread on B-rated corporate bonds?d. How do..

  How much overhead from the labeling process

How much overhead from the labeling process will be allocated to this particular variety of wine?

  Gross profit rate of clark company

In the Clark Company, sales were $480,000, sales returns and allowances were $30,000, and cost of goods sold was $288,000. The gross profit rate was

  Analyze the need for a partnership agreement

Analyze three (3) key factors that must be discussed with the potential partners involved in forming a partnership and the likely implications of these factors on tax obligations. Based on your analysis, suggest when it is most favorable to use a ..

  What is the actual wage rate per hour compute the labor

a popular product of loring glassworks is a hand-decorated vase. the companys standard cost system calls for .75 hours

  Periodic inventory system problem

Barkley Company uses a periodic inventory system and has the following account balances: Beginning Inventory $50,000, Ending Inventory $70,000, Freight-in $12,000, Purchases $450,000, Purchase Returns and Allowances $8,000, and Purchase Discounts ..

  Nielson corp sells its product for 8800 per unit variable

1. ramirez corporation sells two types of computer chips. the sales mix is 30 q-chip and 70 q-chip plus. q-chip has

  List the acceptable capital investment proposals in the

emerald bay furniture companys managers have gathered all of the capital investment proposals for the year and they

  At the beginning of the year the firm purchased new

1.the beginning balance of ppampe is 50000 in 2014 and the beginning balance is shown as 80000 in 2015 .2. the firm

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