
FINANCIAL ACCOUNTING
10th Edition
ISBN: 9781259964947
Author: Libby
Publisher: MCG
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Rr.3.

Transcribed Image Text:For each total fixed cost listed below, determine the fixed cost per unit when sales are 55, 110, and 220 units.
$
Store rent
Manager's salary
Equipment lease
Depreciation on fixtures
Begin by calculating the fixed cost per unit for each of the fixed costs listed, and the total fixed cost per unit when
sales are 55 units. Then calculate the fixed cost per unit and the total fixed cost per unit when sales are 110 and 220
units, respectively. (Round all amounts to the nearest cent.)
Total Fixed Cost
Store rent
Manager's salary
Equipment lease
Depreciation on fixtures
Total fixed cost per unit
69
2,200
1,650
825
275
$
2,200
1,650
825
275
Fixed Cost per
Unit at 55 Units
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- What is the difference between a Form 10–K and a Form 10–Q?arrow_forwardDefine cardinality.arrow_forwardZina Manufacturing Company started and completed Job 501 in December with the following Job Cost Sheet and transferred it to the warehouse. Direct Materials Date Dec 17 Dec 30 Total Direct Labor Amount Date Amount $2,000 Dec 20 $4,000 8,000 Dec 30 3,800 Total Job Cost Sheet - Job No. 501 Total Cost The journal entry to record the transaction is A) WIP Inventory FG Inventory B) Cost of Goods Sold WIP Inventory C) FG Inventory WIP Inventory D) FG Inventory WIP Inventory Debit Credit 35,800 17,800 17,800 Manufacturing Overhead Date Amount Dec 24 $10,000 Dec 30 8,000 Total 35,800 35,800 17,800 17,800 35,800arrow_forward
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