What is the estimate of company net operating income

Assignment Help Cost Accounting
Reference no: EM132857049

Question - Irfan Corporation contribution margin ratio is 22% and its fixed monthly expenses are Rs. 54,000. If the company's sales for a month are Rs. 425,000, what is the best estimate of the company's net operating income? Assume that the fixed monthly expenses do not change.

Reference no: EM132857049

Questions Cloud

Construct confidence intervals for? the population variance : Construct 95?% confidence intervals for? (a) the population variance s2 and? (b) the population standard deviation s. Interpret the results.
What is X if the Declining Balance Method is used : A man receives a loan of $X. A payment of $682 is made 90 days later. What is X, if the Declining Balance Method is used
What is the probability that you will get a raise : There is a 0.72 probability that you will get a promotion, a raise, or both. The probability of getting a promotion and a raise is 0.25.
Correlation coefficient and coefficient of determination : -Find the correlation coefficient and coefficient of determination and then interpret both.
What is the estimate of company net operating income : If the company's sales for a month are Rs. 425,000, what is the best estimate of the company's net operating income
Find the standard deviation of the sample mean : A dishwasher has a mean life of 12 years with an estimated standard deviation of 1.25 years ("Appliance life expectancy," 2013). The life of a dishwasher is nor
Find probability that a person in china has bp : According to the WHO MONICA Project the mean blood pressure for people in China is 128 mmHg with a standard deviation of 23 mmHg (Kuulasmaa, Hense & Tolonen
Prepare journal entries using the area of interest method : Prepare journal entries using the area of interest method for 2017, 2018 and 2019. Calculations should be rounded to the nearest dollar
What does the shape of each distribution tell us about data : What does the shape of each distribution tell us about the data?

Reviews

Write a Review

Cost Accounting Questions & Answers

  What are breakeven sales in units using absorption costing

What are breakeven sales in units using absorption costing if the production units are actually? 50,000?

  Which of the following statements is true

Carney, Pierce, Menton, and Hoehn are partners who share profits and losses on a 4:3:2:1 basis, respectively. They are beginning to liquidate the business.

  Problem on break-even point

If total fixed costs are $1,200,000 and variable costs as a percentage of unit selling price are 40%, then the break-even point in dollars is.. A. $2,000,000 B. $480,000 C. $3,000,000 D. not determinable with the information given.

  Determine the allocation to each of the divisions

Determine the allocation to each of the divisions using the Dual rates based on time used (for personnel costs) and number of reservations

  What the overtime premium paid to the operator would be

Overtime is paid at the basic rate plus 44%. If, in week 9, the machine operator worked 47 hours, the overtime premium paid to the operator would be

  Discuss impact on the audit report of proposed treatment

Discuss the impact on the audit report of the proposed treatment of the items in the financial statements - Gocar Co cannot demand the return of the cars from Sparks Co.

  What type of companies do these rules apply to

What type of companies do these rules apply to?

  Find what is cost of goods sold for the year ended december

What is the cost of goods sold for the year ended December 31, 2019? AAA Inc. is employing a sophisticated just in time manufacturing system.

  Compute the amount of factory overhead in finished goods

Compute the amount of factory overhead in finished goods. Factory overhead is applied as a predetermined percentage of direct labor cost.

  Effect of transactions on cash flows

Prepare the cash flows from operating Activities section of the statement of cash flows, using the indirect method - Effect of transactions on cash flows

  Prepare journal entries to record transactions and events

Prepare journal entries to record transactions and events - Clarion Contractors completed the transactions and events involving the purchase and operation of equipment in its business.

  Direct material variances in addition to the information

Calculate the materials price variance and materials usage variance for August.

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