Solution-What should be reported as variable expenses

What should be reported as variable expenses

Reference no: EM132069483

Question - Chung, Inc. sells 100,000 wrenches for $24 per unit. Fixed costs are $700,000 and net income is $500,000. What should be reported as variable expenses in the CVP income statement?

a. $1,080,000

b. $1,200,000

c. $1,900,000

d. $1,700,000

Question - Bolton Industries had actual sales of $1,000,000 when break-even sales were $600,000. What is the margin of safety ratio?

a. 40%

b. 33%

c. 60%

d. 67%

Reference no: EM132069483

Questions Cloud

Why implementation will make congruent improvements : Discuss which provisions you believe will be difficult to achieve or implement because of the inherent challenges in the current U.S. healthcare landscape;

Welcome to the rest of your life : Jo is a 59 yr old woman, who five years ago experienced a right sided stroke. She continues to have difficulty with her left side, experiencing an intense sensi

Wacc use to compute equity capital costs : What asset pricing model does the WACC use to compute equity capital costs?

Explain the benefits of applying the tool : Post a brief description of the evaluation tool that you selected. Explain the benefits of applying this tool as part of your quality improvement plan.

What should be reported as variable expenses : Fixed costs are $700,000 and net income is $500,000. What should be reported as variable expenses in the CVP income statement

Write an essay on relevance to american society : Choose a mystery or scandal from the second half of the 20th century and write a 3 page essay with a detailed description of the topic you chose

Important inputs in the black-scholes option pricing model : Of the five inputs discussed, what are three important inputs in the Black-Scholes option pricing model?

How could one pay for health insurance with no means : The provision to have individuals purchase some type of healthcare insurance is a somewhat positive and negative.

Are supplemental hormones the best option for the patient : As an advanced practice nurse at a community health clinic, you often treat female (and sometimes male patients) with hormone deficiencies.

User Account

All Pages

What should be reported as variable expenses

Reference no: EM132069483

Reference no: EM132069483

Questions Cloud

Reviews

Write a Review

Accounting Basics Questions & Answers

Meca concrete purchased a mixer on january 1 for a cost of

Discuss the two-step process for recognizing tax benefit

Discussion on channels of communication-email

Prepare the adjusting general journal entry

Data analysis and trends

Discuss selling expenses increased to meet competition

Pit bull enterprises has numerous investments in debt and

At the end of the current year 41980 of fees have been

Discus how long is the payback period on this investment

Determine amount of interest to be capitalized

Under what conditions would this no longer be the case

Calculate the company current cash flow

Assured A++ Grade

Academics

Major Subjects

Majors

Get In Touch

TERMS & POLICIES

HELP & SUPPORT