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The income statement for Menage Industries for 2011 is as follows.Menage Industries Income Statement for Year Ended 31 December2011
Sales revenue (200 000 units) $2000000Cost ofgoods sold 1200000Gross profit 800000
Less expensesMarketing and distribution $460000Administration 440000900000
Profit (loss) $(100000)
All ofthe costs ofgoods sold are variable, 50 pereent ofthe marketing and distribution costs are variable, and 40 percent ofthe administration costs are variable.
REQUIREDCalculate the number of units required tobreak even. The finance manager has devised a number of alternative plans to get the entity back into profitability. One ofthe plans relates to switching to a more reliable supplier ofraw materials, which will increase the cost ofsales per unit by$0.80. A change in marketing strategy will see variable marketing and distribution costs increase by $0.10, and fixed marketing and distribution costs decrease by$60 000. Competitive forces would allow an increase in the selling price ofonly $0.50per unit. On the infonnation available, ",'would you advise switching to this alternative plan?
Wilton's assets on that date were recorded at $6,400,000 with liabilities of $3000000. Any excess of cost over book value of Well's investment was attributed to unrecorded patents having a remaining useful life of ten years.
Belle opens an investment account on April 1, 2011. At that time she deposits $2,500 into her account. The account will earn 5% annually. If she repeats this deposit for the next 14 years, how much will she have in her account on March 31, 2026, (..
A company sold $18,000 of goods on credit on May 1. At the time of the sale, the company recorded a debit to Accounts Receivable and a credit to Sales Revenue for $18,000. Terms were 2/10, n/30.
Explain how each amount in the flexible budget was calculated and determine the variance for each line of the profit and loss statement in both dollar terms and percentage terms
Upstream Inter-segment Sales: $180,000 Downstream Inter-segment Sales: $60,000 For purposes of the Revenue Test, what amount will be used as the benchmark for determining whether a segment is reportable?
What is the functional currency of their foreign subsidiaries and on average, did the US dollar strengthen or weaken against the currencies of WalMart's subsidiaries from 2010 to 2011? From 2011 to 2012?
computation of future value of investments.1.nbspalbert invested 12000 into two accounts. one payed 8 interest and one
computation of cash balance at the end using given data.use the following information to calculate the change in the
Sales for Hanebury Corporation's just-ended year were $12 million. Sales were $6 million 5 years earlier. Suppose someone calculated the sales growth for Hanebury as follows: Sales doubled in 5 years.
Determine whether Computer Villages should discontinue the furniture line and the financial benefit (cost) of dropping it.
How much will the remaining general creditors receive from the distribution before subordination adjustment? Round your answers to the nearest dollar.
In the current month, the company incurred $340,000 actual overhead and 39,000 actual labor hours while producing 19,500 units. Compute Earth Company’s overhead application rate for total overhead. Calculate Earth Company’s total overhead variance.
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