Reference no: EM131215747
A manufacturer of potting soil has the following financial data:
Pounds produced and sold 23,900
Sales $189,800
Less: Variable manufacturing costs 121,000
Fixed manufacturing costs 10,000
Variable selling and administrative costs 30,900
Fixed selling and administrative costs 15,900
Net operating income $12,000
(a) What is the company’s unit contribution margin? (Round answer to 2 decimal places, e.g. 1.64.)
Unit contribution margin_____________ $
Residency status for the current year
: Vanessa moves to Germany on July 15 of the current year. She is 35 and has lived in Canada all of her life. Which one of the following best indicates Vanessa’s Canadian residency status for the current year?
|
Requires equal payments of principal plus accrued interest
: On August 1, a $30,000, 6%, 3-year installment note payable is issued by a company. The note requires equal payments of principal plus accrued interest be paid each year on July 31. The present value of an annuity factor for 3 years at 6% is 2.6730. ..
|
Principles of accounting and contingent liabilitie
: Obtain either Walmart, Apple and General Motors most recent annual report from the company website. Research the footnotes, balance sheet, and income statement and describe the information you find regarding depletion, principles of accounting, conti..
|
What is the ending balance of allowance for doubtful account
: Moore Corporation uses the balance sheet approach for recording uncollectibles. An aging schedule reveals an estimated $12,750 of uncollectibles. Allowance for Doubtful Accounts has a credit balance of $3,700 before adjustment. What is the ending bal..
|
What is the company unit contribution margin
: A manufacturer of potting soil has the following financial data: What is the company’s unit contribution margin?
|
How many units must be sold to meet target operating income
: Buttermilk Bakery has provided the following cost data for the last year when 91,000 loaves of bread were produced and sold. How many units must be sold to meet a target operating income of $427,892?
|
Major pros and cons of preparing company budgets
: Analyze the major pros and cons of preparing company budgets. Determine at least two (2) critical budget items that you believe are essential in managing a company. Provide a rationale for your response.
|
How much of the process time is value-added
: Shields Manufacturing produces containers for nurseries and landscaping businesses. The company competes based on its low-cost, high-quality products. As the company’s expenses have risen, management has become concerned with the need to streamline v..
|
Cash proceeds fair market value nature of disposition
: Cost Accumulated Depreciation Cash Proceeds Fair Market Value Nature of disposition. Land: On February 15, a condemnation award was received as consideration for unimpoved land held primarily as an investment, and on March 31, another parcel of unimp..
|