Total variable costs-fixed costs-total revenues

Assignment Help Financial Accounting
Reference no: EM13787999

Acorn Corp. had total variable costs of $175,972, total fixed costs of $170,982, and total revenues of $303,400.

Compute the required sales in dollars to break even.

Required sales                 

$

Reference no: EM13787999

Questions Cloud

Cost-based pricing and markups with variable costs : Jeny is studying Finance at University. To complete the Finance degree she has to take a basic income tax course. Because Jeny does not intend to be a tax expert she considers the course to be a waste of his time. What is the markup on variable costs..
Equivalent units of conversion costs : The Bottling Department of Rocky Springs Beverage Company had 3,600 ounces in beginning work in process inventory (80% complete). During the period, 30,100 ounces were completed. The ending work in process inventory was 1,800 ounces (50% complete). W..
Ending work in process inventory : The Bottling Department of Rocky Springs Beverage Company had 2,400 ounces in beginning work in process inventory (50% complete). During the period, 40,300 ounces were completed. The ending work in process inventory was 2,000 ounces (60% complete). W..
Equivalent production units : Equivalent production units, usually are determined for
Total variable costs-fixed costs-total revenues : Acorn Corp. had total variable costs of $175,972, total fixed costs of $170,982, and total revenues of $303,400. Compute the required sales in dollars to break even.
Use of the cost of production report : Which of the following is not a use of the cost of production report?
Generating revenues during the current period : Costs that are used in generating revenues during the current period, but are not involved in the manufacturing process are often referred to as:
Characteristic of a process cost system : Which of the following is not a characteristic of a process cost system?
Direct materials and conversion costs per equivalent unit : The cost of direct materials transferred into the Bottling Department of Rocky Springs Beverage Company is $290,840. The conversion cost for the period in the Bottling Department is $41,580.  Determine the direct materials and conversion costs per eq..

Reviews

Write a Review

Financial Accounting Questions & Answers

  Research in motion and apple are competitors in the global

research in motion and apple are competitors in the global marketplace. key comparative figures for each company

  The exchange qualifies as which type of transaction

Hugh owns 90% of Quartz Corporation, and Stacy owns the other 10%. In exchange for all of the Quartz stock, Hugh receives 1,000 shares of Turquoise Corporation common stock (value $20,000), and Stacy receives 50 shares of Turquoise preferred (value $..

  Does it make these accounts safer

Regular savings accounts are insured by the FDIC up to 250,000 just recently. Does it make these accounts safer and If these accounts are safe what is the drawback?

  Prepare the entry to record the accrued interest

Assuming that all the investments are classified as available-for-sale, use the spreadsheet Journal Entries to prepare the journal entries necessary to classify the amounts into the proper accounts. Prepare the entry to record the accrued interest ..

  Prepare a schedule showing the income statement

Prepare a schedule showing the income statement effects for the year ended 31st December, 2012 as a result of the above facts.

  Determine basic earnings per share for the year

Evaluate the number of shares used to determine basic earnings per share for the year ended December 31, 2013.

  Calculate taxable income and net income

Bateman Light began operations in 20X1. The company sometimes sells used warehouses on an instalment basis. In those cases, Bateman Light reports income in its income statement in the year of the sale, In its income tax return, though Bateman Light r..

  Public oversight boards panel on audit effectiveness

Which of the following statements best describe on of the findings of the Public Oversight Board's Panel on Audit Effectiveness?

  Compute the net increase or decrease in net income

Compute the net increase or decrease in net income for the month from the recognition of the adjustments in (1). (Ignore income taxes.)

  What are mclarens asset turnover

What are McLaren's (a) asset turnover and (b) profit margin? (Round answers to 1 decimal place, e.g. 10.5.)

  Determine the current ratio for 2006

Determine the current ratio for 2006, Calculate the quick ratio for 2006 and Calculate receivable turnover for 2006.

  Statement of cash flows-indirect method

Prepare a statement of cash flows, using the indirect method of presenting cash flows from operating activities - Statement of cash flows-indirect method

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