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Case: Three university friends decided to operate a small on-line business producing and selling healthy baked goods. They were able to secure their domain name "www.floralbakes" for a charge of $300.00. They decided that they will each earn a $25,000 annual income until the business break-even. Advertising and promotion costs were estimated at $4,000 for the year. They decided that the selling price for their baked goods averaged $12.00, and their best estimate of required sales to break even was 8,000 units.
Question 1: What was the variable cost per unit?
Question 2: Name three variable costs that they will definitely incur.
Question 3: What was the contribution margin per unit? What was the total contribution margin?
Question 4: What was the margin as a percentage of the sales?
Question 5: What was the margin as a percentage of the cost?
Assume you are the internal controls expert for your company. A detailed description of the policy or procedure to be implemented
Prepare a schedule showing the income or loss before income taxes for the year ended December 31, 2010, that Millay should report from its investment in Genso in its income statement issued in March 2011.
assess the short- and long-term impact the disaster had to the business and stakeholders. Provide specific examples to support your response.
in a recent period 13000 units were produced and there was a favorable labor efficiency variance of 23000. if 40000
How much is the total cash payment for the retirement of the bonds. Carl, Inc. issued a P4,000,000, 5 year, 12% bonds on January 1, 2020 for P3,668,156.
What type of point of purchase materials for promotion should be used in Wally's store to promote the Aeronaut
Ming Cookie Company uses activity-based costing to allocate factory overhead. Determine the activity-based cost for the cookies and crackers
a company has identified the following overhead costs and cost drivers for the coming yearoverhead item cost driver
The Finance Director of the Village of Glenville received, Prepare the journal entries to record the receipt of the ink cartridges on February 11.
Question - If Tonya purchased 200 decorative pillows at $12 each and sold 75 of the pillows for $20 each, what is the cost of goods sold
Greenworks Inc. sold inventory in 2017 to its 70% owned subsidiary Hogwarts. Make the consolidating entries related to the inventory transfers at 12/31/2018
Six months later, there were only 45 snack packs left, so the organization paid $472.50 for 225 additional snack packs. Calculate supplies expense using LIFO
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