Production and sales next month are expected

Assignment Help Financial Accounting
Reference no: EM131204395

The following information relates to Clyde Corporation which produced and sold 53,000 units last month.

  Sales $1,060,000

  Manufacturing costs:

  Fixed $210,000

  Variable $166,700

  Selling and administrative:

  Fixed $300,000

  Variable $ 45,300

There were no beginning or ending inventories. Production and sales next month are expected to be 43,000 units. The company's unit contribution margin next month should be: (Round your intermediate calculations and final answer to 2 decimal places)

$19.60

$3.40

$8.58

$16.00

Reference no: EM131204395

Questions Cloud

Prepare a statement of cash flows for the year ended : Comparative Balance Sheet. Prepare a statement of cash flows for the year ended December 31, 2015, using the indirect method.
Describe how perspectives of same-sex desire changed : Describe how perspectives of same-sex desire changed from ancient civilizations, to the 1880s, and through WWI. How was same-sex desire and activity thought about in ancient Greece?
Process of manufacture of carbon fibres : Unit BE1405 - Advanced Materials Technology - Composite Materials and Material Performance - Explain the strengths and limitations of thermosetting and thermoplastic resins in a composite material. Refer to specific resins in your answer and includ..
Was the victim the accuser or the accused : Discuss your thoughts on the victims' expectations of the criminal justice system and whether or not the victim in your chosen case was handled appropriately. Was the victim the accuser or the accused? What recommendations would you make to improv..
Production and sales next month are expected : The following information relates to Clyde Corporation which produced and sold 53,000 units last month. There were no beginning or ending inventories. Production and sales next month are expected to be 43,000 units. The company's unit contribution ma..
Should schools be allowed to punish students : Should schools be allowed to punish students who are engaged in cyber-bullying other students, when they are all off campus?
Would it exacerbate or mitigate the problem of selection : Would it exacerbate or mitigate the problem of adverse selection in the health insurance market? Would it increase or decrease the number of people without health insurance? Would it be a good thing?
Describe a normal probability distribution : Use the sales forecaster's predictions to describe a normal probability distribution that can be used to approximate the demand distribution. Sketch the distribution and show its means and standard deviation
Discuss the issues and risks associated with processing : Discuss the issues and risks associated with processing financial transactions and records on the Internet, and explain how you plan to address them.

Reviews

Write a Review

Financial Accounting Questions & Answers

  Interaction of the balance sheet and income statement

How is this information useful from a managerial perspective and explain your reasoning and support your conclusions with the numbers you have pulled out for the comparison

  Determine the total gross estate deductions

Evaluate the total gross estate and determine the total gross estate deductions?

  Compute the variable overhead rate variance

Compute the variable overhead rate variance, compute the variable overhead efficiency variance and provide the accounting entry for the overhead rate and efficiency variances.

  Why would a seller grant an allowance to a buyer

Why would a seller grant an allowance to a buyer of the seller's merchandise and dyer Department Store purchased goods with the terms 2/10, n/30.

  Discuss what knowledge of these areas an auditor possess

Client’s position within the market. Give examples of risk that could be present and discuss what knowledge of these areas an auditor should possess

  What is total cash outflow

what is total cash outflow through maturity total borrowing cost over life if bond interest expense for the year amortization for the year unamortized premies as of december bond carrying value as of december

  Wacc and cost of common equitykahn inc has a target capital

wacc and cost of common equitykahn inc. has a target capital structure of 60 common equity and 40 debt to fund its 10

  Illustrate what weight should templeton use in computing

The current owner have no debt financing but Templeton plans to borrow $320 million and invest $100 million in equity. Illustrate what weight should Templeton use in computing the WACC for this acquisiton? Round to one decimal place.

  Prepare the journal entry to record issuance of the stock

Sudoku Company issues 19,000 shares of $10 par value common stock in exchange for land and a building. The land is valued at $231,000 and the building at $368,000. Prepare the journal entry to record issuance of the stock in exchange for the land and..

  Explain why you use the same adjustment factor

Explain why you use the same adjustment factor, (1 + i), when you adjust annuity due payments for both future value and present value.

  Journalize the entries to record the summarized operations

Journalize the entries to record the summarized operations. For a compound transaction, if an amount box does not require an entry, leave it blank

  1 juicy energy industries develops and produces biomass an

1. juicy energy industries develops and produces biomass an alternative energy source. the company has an outstanding

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