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The Wilcox Company sells 2 products, A and B, with contribution margin ratios of 40 and 30% and selling prices of of $5.00 and $2.50 a unit. Fixed costs amount to $72,000 a month. Monthly sales average 30,000 units of product A and 40,000 of product B.Required:a.) Assuming that three units of product A are sold for every four units of product B, calculate the dollar sales volume necessary to break-even.b.) As part of its cost accounting routine, Wilcox Company assigns $36,000 in fixed costs to each product each month. Calculate the break-even dollar sales volume for each project.
Petty Petroleum, Inc. uses various chemicals to manufacture its products. Variance data for last month for three primary chemicals used in production are as follows (F indicates a favorable variance; U indicates an unfavorable variance):
Two comments frequently are mentioned in relation to standard costing and variance analysis: "Variances are not explanations" and "Management's goal is not to minimize variances."
Prestige Computers is trying to decide whether to produce and sell a new home computer software package that includes the ability to interface with a sewing machine and a vacuum cleaner. There is no such software currently on the market.
Prepare a contribution format income statement segmented by divisions, as desired by the president and would you recommend the increased advertising? Show computations to support your answer.
Hampstead company's order entry department has 20 order entry operators. The cost associated with these 20 operators (salaries, fringe benefits, and supervision, as well as occupancy and equipment costs) is $873,600 per year.
What is the unit product cost for the month under variable costing and what is the unit product cost for the month under absorption costing?
Discuss how extending credit affects working capital requirements and the cash conversion period (cycle)? Evaluate the consequences of inventory costs on Working Capital needs and the Cash Conversion Period.
A new plant accountant suggested that the company may be able to assign support costs to products more accurately by using an activity based costing system that relies on a separate rate for each manufacturing activity that causes support costs.
Select a "market segment". Research demographic and psychographic information regarding this segment.
Differentiate among sunk costs, opportunity costs, and relevant costs. Choose one cost and discuss a situation where and why a manager from Anthony's Orchards would use that cost.
You've been appointed as an executive director of small nonprofit organization. Among your many duties are to estimate an annual budget and develop a fiscal plan for organization.
Calculate the ratios from the quantities stated in the financial statements and calculated and included in the financial statements that you produced for part
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