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Question - FSSL initial year of operation that started February 2021, is very successful. Therefore, the state wants to add its enrollment to 2 youths per term starting January 2022. To, FSSL will need to hire 1 additional employee for $15 per hour for 40 hours each week. The cost of state and federal taxes and workers' compensation insurance per employee is 1% of the gross earnings paid by the employer. Employee taxes will be ignored in this problem. Should they accept the offer? Which costs are sunk in this decision? Which costs are still relevant in this decision? Show your detailed calculations.
Materials purchased on account: Materials requisitioned and Factory labor used:
Compute what should be the budgeted sales in units. The company plans to include a safety margin of $20 000 before tax. Assuming a tax rate of 30%.
Find and Journalize the Jan. 31 summary entries to record each of the Direct and indirect labor used operations for January (one entry for each operation).
Prepare the year-end adjusting entries in general journal form using the information and prepare an adjusted trial balance at December 31, 2014.
Prepare the Purchases Ledger Control Account for the month of January 2020. Purchases Ledger debit balances 480. Sales Ledger credit balances 787.
Describe the impact of increasing the unit selling price of a product on the company's break-even point. Would the move to raise the unit selling price
What are the expected monthly contribution margins? what is the expected monthly margin without scooters if the company sells all 92 motorcycle its manufacture
Which of the factors describes a possible cause for an unfavorable materials price variance? Vendors flooding the marketplace with their products
Compute the total overhead cost for the product : XH31, only for the month of January. Compute the Activity rates for all the activity pools.
Fixed manufacturing overhead costs are $82,500 and variable overhead costs are $6 per unit. Calculate the required sales in dollars to break even.
The company wants to understand how many pieces they should sell in order to be profitable. Ascertain contribution per piece and as a percentage of sales price
Ocean City Kite Company manufactures & sells kites for $7.50 each. The variable cost per kite is $2.50 with the current annual sales volume of 70,000 kites.
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