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1. Miller Metal Co. makes a single product that sells for $40.5 per unit. Variable costs are $26.2 per unit, and fixed costs total $65,975 per month. Required: a. Calculate the number of units that must be sold each month for the firm to break even. (Do not round your intermediate calculations.) Break-even volume Units b. Assume current sales are $405,000. Calculate the margin of safety and the margin of safety ratio. Margin of safety Margin of safety ratio % 2. A department of AIpha Co. incurred the following costs for the month of September. Variable cost, and the variable portion of mixed cost, are a function of the number of units of activity: Activity level in units 4,500 Variables costs 9,900 Fixed cost 31,000 Mixed costs 16,220 Total costs $57,120 During October the activity level was 9,400 units, and the total costs incurred were $69,500. Required: a. Calculate the variable costs, fixed costs, and mixed costs incurred during October. (Do not round Intermediate calculations.) October Variable cost Fixed cost Mixed cost b. Use the high-low method to calculate the cost formula for mixed cost. (Do not round intermediate calculations and round your answers to two decimal places.) Cost formula + Per unit
abc company employs a periodic inventory system and sells its inventory to customers for 25 per unit. abc company had
Cash Conversion Cycle. Calculate the accounts receivable period, accounts payable period, inventory period, and cash conversion cycle for the following firm.
The University Café has seen sales drop since classes have been scheduled during the noon hour and only 5 minutes between classes. Students don't have enough time to choose from the buffet line.
holiday card company a producer of specialty cards has asked you to complete several calculationsincome tax rate
Dividends on common stock were $2.05 per share and dividends on preferred stock were $1.80 per share. The earnings per share of common stock is closest to:
the cash disbursements journal also is called thea voucher register.b purchases journal.c check
from the e-activity examine the steps necessary to complete a sale and discuss how the sales order process is
Which of the following factors are used to compute the average collection period?
If Fama Company, with a break-even point at $360,000 of sales, has actual sales of $480,000, what is the margin of safety expressed (1) in dollars and (2) as a percentage of sales? Round the percentage to the nearest whole number.
Who is the payee and what is the title of the account used by Kearny Company in recording the note?
The total premium for each policy was paid in full (for all months) at the purchase date, and the Prepaid Insurance account was debited for the full cost. (Year-end adjusting entries for Prepaid Insurance were properly recorded in all prior years...
write down a 700- to 1050-word summary of teams discussion about ifrs v. gaap based on your team collaborative
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