User Account

All Pages

What should be reported as variable expenses in the cvp

Assignment Help Managerial Accounting
Reference no: EM132661063

The following monthly data are available for Hepburn, Inc. which produces only one product: Selling price per unit, $42; Unit variable expenses, $14; Total fixed expenses, $84,000; Actual sales for the month of June, 4,000 units. How much is the margin of safety for the company for June?

Problem 1: Price Company sells 100,000 units for $13 a unit. Fixed costs are $350,000 and net income is $250,000. What should be reported as variable expenses in the CVP income statement?

Reference no: EM132661063

Questions Cloud

Community in robert bellah habits of the heart : Describe the tension between values of individualism and community in Robert Bellah's Habits of the Heart.
What amounts listed above are taxable : What amounts listed above are taxable? Last year in July, was seriously injured moving a large box at work and received $5,000
Evaluate the IRS position : Evaluate the IRS's position regarding the treatment of Tern Corporation as a personal service corporation, and prepare a memo for the client files
Most significant impact on the united states : Which past natural disaster do you think had the most significant impact on the United States? Explain.
What should be reported as variable expenses in the cvp : Fixed costs are $350,000 and net income is $250,000. What should be reported as variable expenses in the CVP income statement?
Development of policies and procedures : You are the Workplace WHS representative for your company. One of your office workers sustained a severe injury to her right arm
Determine the income tax consequences to Azure Company : Determine the income tax consequences to Azure Company and to Sasha during the year for each of the following independent situations
How much is the margin of safety for the company for june : Total fixed expenses, $84,000; Actual sales for the month of June, 4,000 units. How much is the margin of safety for the company for June?
How many units must be sold to earn net income : If the unit sales price is $20, unit variable cost is $12, and total fixed costs are $500,000, how many units must be sold to earn net income of $300,000?

Reviews

Write a Review

Managerial Accounting Questions & Answers

  Manage budgets and financial plans

Explain the budgeting process and its importance to a business, identifying the components of different budgets, forecast estimates for inclusion in the budgets.

  Prepare a retained earnings statement

Prepare a retained earnings statement for the year and Prepare a stockholders' equity section of given case.

  Prepare a master budget for the three-month period

Prepare a master budget for the three-month period.

  Construct the companys direct labor budget

Construct the company's direct labor budget for the upcoming fiscal year, assuming that the direct labor workforce is adjusted each quarter to match the number of hours required to produce the forecasted number of units produced.

  Evaluate the predetermined overhead rate

Evaluate the Predetermined Overhead Rate

  Determine the company''s bid

Determine the company's bid if activity-based costing is used and the bid is based upon full manufacturing cost plus 30 percent.

  Compute the pool rates for the different activities

Complete the schedule to compute the pool rates for the different activities.

  Prepare Company financial statements

Prepare Company financial statements

  Prepare an analysis of terracycles

This individual assignment is based on the TerraCycle Inc.

  Discuss the ethical issues

Discuss the ethical issues

  Political resources in emerging markets

Calculate the GDP in Income Approach  and Expenditure Approach

  Management accounting - ehsan electronics company

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.

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!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd