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Question - Chelonia Ltd manufactures small robot toys. It plans to introduce two products, Speedie and Spunkie. It is anticipated that the product mix will be 40% Speedie and 60% Spunkie. One unit of Speedie will be sold for $100, with variable cost equals $40. For a unit of Spunkie, the selling price will be $120 and the variable cost is $70. The fixed cost for producing the two products is $108 000.
Required -
a. What is the break-even point in units for each product?
b. The company plans to include a safety margin of $20 000 before tax. Assuming a tax rate of 30%, what should be the budgeted sales in units?
Fredstone Consolidated, Inc. and Gradison Enterprises, Inc. are both real estate developers. Each entity owns a 50% general partner interest in Realty Partners.
Prepare journal entries, under a periodic inventory system. How would she journalise this? How would she journalise this? How is this recorded in the book?
Compute the contribution margin ratio and use it to find the break-even point in sales dollars.
sunshine state fruit company sells premium-quality oranges and other citrus fruits by mail order. protecting the fruit
Chang's basis in his Turnip's stock is $20,000, has an individual marginal tax rate of 32%. What is Turnips recognized gain on the distribution
Assume an activity-based costing system is used and that the number of setups and the number of components are identified as the activity-cost drivers for overhead.
What sequence is followed in preparing the budgets that constitute the master budget?
consider the following independent jobs. overhead is applied in department 1 at the rate of 6 per direct labor hour.
During the year, Zeno Company has a SUTA tax rate of 6.3%. The taxable payroll for the year for FUTA and SUTA is $77,000.
Using journal entries, record the sales and warranty costs for 2007 and 2008 Determine the balance remaining in estimated warranty liability.
Find what would be the amounts related to the lease that the lessor would report in its income statement for the year ended December 31 (ignore taxes)?
1. Free gift. A philanthropic organization sends out "free gifts" to people on their mailing list in the hope that the re- ceiver will respond by sending back a donation. Typical gifts are mailing labels, greeting cards, or post cards.
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