The highest value of total cost for Mantilla Beverages Inc. was $75,000 in June. Its lowest value of total cost was $50,000 in December. The company makes a single product. The production volume in June and December were 13,000 and 8,000 units, respectively. What is the fixed cost per month?
Q: Give answer the accounting question
A: Step 1: Define Annual Gross IncomeThe gross income of an individual includes salary income, wages,…
Q: One of anfa company's activity cost pools is inspecting, with an estimated overhead (OH) of…
A: Step 1: Define Manufacturing OverheadConversion cost can be defined as the sum of manufacturing…
Q: Solve this general accounting question
A: Step 1: Define OverheadManufacturing overhead requires allocation as it cannot be traceable to the…
Q: Need help. accounting
A: Step 1: Define Labor VarianceLabor variance is used in a business if there is a compensation expense…
Q: Company X is in the household goods industry. What would be the estimated value of Company X stock…
A: ExplanationThe industry average P/E ratio of 8.4 is used as a benchmark for Company X. The P/E ratio…
Q: How many?
A: Explanation of Selling Price:The selling price is the amount of money a customer pays to purchase…
Q: Need Help with this Question please
A: Step 1: Define Cash And Credit SalesBusinesses are actively involved in the trading of products or…
Q: The following data pertain to cowl, inc. for the year ended December 31,2017
A: Step 1: Define Return On AssetsReturn on assets (ROA) indicates how much income is generated on a…
Q: Accounting. Stop and go has a 4.5 percent profit margin and a 15 percent dividend payout ratio.
A: The sustainable growth rate (SGR) represents the maximum rate at which a company can grow its…
Q: What is the amount of taxes the company paid in 2008?
A: Step 1: Define Taxable IncomeIt is the portion of the income of an individual or an entity on which…
Q: Accounting calculate taxable income
A: 1. First, let's calculate L & L, Inc.'s corporate taxable income:Revenue: $1,020,000Less:…
Q: Calistoga Produce estimates bad debt expense at 0.50% of credit sales. The company reported accounts…
A: First, we need to calculate the bad debt expense for the year 2024. Calistoga Produce estimates bad…
Q: 1. Compute equivalent units in the mixing department, for each cost category? 2. Summarize total…
A: Caricolor Limited Mixing Department Costing Analysis Equivalent Units Calculation To compute the…
Q: Financial Accounting
A: Step 1: Define Direct LaborDirect labor denotes the cost of labor that is directly associated with…
Q: On January 1, 20X5, Teymond Corporation issued $30,000 in 12-year, zero-coupon bonds. The interest…
A: Zero-coupon bonds are issued at a discount to their face value. The discount is the difference…
Q: None
A: Step 1: Define Make or BuyIn a relevant analysis for a make-or-buy decision, the things to consider…
Q: None
A: Step 1: Discount the cash inflows. Step 2: Calculate the Cumulative discounted cash inflows until…
Q: What would be his profit?
A: Hello student! Profit or Net Profit is the difference between the total revenue and total cost. The…
Q: 09:05 .III 4G TTT Pty Ltd is preparing a master budget for the quarter ending on 30 September 2024.…
A: To solve the problem, we need to prepare several budgets and statements for the months of July to…
Q: MCQ 4 MARKS
A: Explanation of Matching Principle: The Matching Principle is an accounting rule that ensures…
Q: Need help with this accounting question not use ai
A: Step 1: Define Fixed Asset TurnoverIn the fixed asset turnover ratio the net sales value of a…
Q: Answer ASAP
A: Explanation of Assets:Assets are resources owned by a company that have economic value and are…
Q: Don't use AI.
A: Required 1Age GroupComputationEstimated Amount UncollectibleNot yet due55,000 x 3%1,6500-60 days…
Q: General Accounting Need Answer
A: Step 1: Define Cash Flow:Cash flow refers to a stream of cash that is coming in or going out from…
Q: Hi expert. Need help
A: The problem requires the determination of the profit margin.Profit margin gauges the degree to which…
Q: Joel Feliciano has started his own business, Property Appraisals. He inspects property for buyers…
A: Each transaction involves at least two accounts. For example, when Feliciano invested cash in the…
Q: sa.3 answer must be correct or i will give down vote
A: Step 1: Calculate Income Tax Using the Tax Rate ScheduleFor a single filer in 2024, assuming the tax…
Q: Analyse the Annual Report for National Grid plc Utilities and dicuss the accounting policies and…
A: In-depth Analysis of National Grid plc Utilities' Accounting Policies for Intangible Assets (IAS…
Q: Tech Innovators Inc., a technology company, sells high- quality gadgets. At the beginning of 2023,…
A: 1) i) Cost of goods available for sale:- Cost of goods available for sale = Beginning inventory +…
Q: bc
A: a. As of December 31, 2024, what is the consolidated copyrights balance?To determine the…
Q: Business 123 Introduction to Investments May I please have an expert response to the following…
A: Critical Analysis of Stock Market Dynamics, Volatility, and Technological Impact on InvestingThis…
Q: Provide correct answer for this accounting question
A: Explanation of Investment Required:The investment required refers to the initial outlay or capital…
Q: FIFO
A: Explanation of Equivalent Units: Equivalent units represent the amount of work completed on units in…
Q: Can someone assist in explaing on to get results for entry *TA, S, A, I. On January 1, 2024, Sledge…
A: Step 1: Identify different transactions to be eliminated during consolidation process including the…
Q: University Car Wash built a deluxe car wash across the street from campus. The new machines cost…
A: Supporting Calculations: STRAIGHT-LINE METHODThis is the simplest method of depreciation.…
Q: Need help
A: Step 1: Define Normal SpoilageNormal spoiling is the term used to describe how products naturally…
Q: ??
A: Tech Innovators Inc.Cost of Goods Available for Sale (COGAS):COGAS=Beginning…
Q: A company has total liabilities of $300,000 and total equity of $450,000. What is the debt-to-equity…
A: Explanation of Total Liabilities:Total liabilities represent the total amount of debt or obligations…
Q: Need help
A: Understand the Cycle Time ConceptCycle time is the time required to complete one unit of production.…
Q: None
A: Step 1: Define TaxThere are two methods that taxpayers can follow to pay taxes, Cash basis or…
Q: Need answer with correct calculation
A:
Q: General Accounting Question Solve Please
A: A) Calculate the Return on Equity (ROE)• Step 1: Identify ROE formula• Step 2: Rearrange formula to…
Q: Question
A: Here's an explanation for each option in the context of asset classification:a)…
Q: bb
A: Understanding the Payroll Taxes:Federal Unemployment Tax (FUTA): A federal tax levied on employers…
Q: vt
A: Let's walk through the detailed calculations for each building.1. Building A (Purchase for…
Q: Solve the given requirement
A: Step 1: Define Sales ReturnsSales returns are recorded when customers return products they had…
Q: Need Answer Please Provide Solution
A: Step 1: Define Direct Materials:-Direct Materials are those materials that are visible in the…
Q: Don't use AI.
A: Hello student! To generate a flexible budget performance report, we must first understand what a…
Q: ITR?
A:
Q: Morrow Enterprises Inc. manufactures bathroom fixtures. The stockholders' equity accounts of Morrow…
A: Now, let us compute for the amount of common stock on April 10: Common Stock=Common Shares×Par…
What is the fixed cost per month? For this accounting question
Step by step
Solved in 2 steps
- What is the fixed cost per month?Pluto Company sold 2,000 units in October at a price of $35 per unit. The variable cost is $20 per unit. The monthly fixed costs are $10,000. Calculate the total contribution margin. What is the operating income earned in October?In the month of September, Matlock Industries sold 800 units of product. The average sales price was $30. During the month, fixed costs were $6,300 and variable costs were 70% of sales. Instructions Determine theBreak even point in units and dollars
- Cadre, Inc., sells a single product with a selling price of $120 and variable costs per unit of $90. The company’s monthly fixed expenses are $180,000.A. What is the company’s break-even point in units?B. What is the company’s break-even point in dollars?C. Prepare a contribution margin income statement for the month of October when they will sell 10,000units.D. How many units will Cadre need to sell in order to realize a target profit of $300,000?E. What dollar sales will Cadre need to generate in order to realize a target profit of $300,000?F. Construct a contribution margin income statement for the month of August that reflects $2,400,000 in sales revenue for Cadre, Inc.A company sells one of the items in its product line for $8.50 each. The variable costs per unit is $4.80, and the associated fixed costs per week are $2,100. If the total revenue is $8,075 per week, then determine each of the following quantities: (1) The weekly level of output, that is the number of items produced and sold, is units. (2) The total variable costs per week are $ (3) The net income per week is $Botana Company constructed the following formula for its monthly utility cost. Total utility cost = $1,200 + ($8.10 × Labor hours) Assume that 775 labor hours are budgeted for the month of April. If Botana Company incurs 9,600 labor hours for the year, what would be the estimate of total utility cost?
- ABC Company sells a product for $100 per unit. Variable costs are $60 per unit, and fixed costs are $3,000 per month. The company expects to sell $600 units in September using the contribution margin format. In the income statement for September using the Contribution Margin Format, the Contribution Margin is and the Operating Income is_ O $20,000 and $22,000 O $22,000 and $19,000 O $24,000 and $21,000 O $23,000 and $20,000 O $21,000 and $18,000Madison Company produces a single product which sells for $60 per unit. Fixed expenses total $16,800 per month, and variable expenses are $39 per unit. During the current month, sales, in units, totaled 1,000 units.Using the information above, match each of the items listed below with the appropriate amount. Contribution margin per unit. Contribution margin ratio. Break-even point in units.…Gardner Company sells a product for $65 per unit. Variable costs are $30 per unit, and fixed costs are $1,200 per month. The company expects to sell 610 units in September. Calculate the contribution margin per unit, in total, and as a ratio. Calculate the contribution margin per unit. Select the formula labels and then enter the amounts to compute the contribution margin per unit. _______________ -. ____________ = Contribution margin per unit
- Reta Inc has the following cost details: per kg. Material cost= 200 Direct labour= 40 Direct variable overhead= 20 Fixed production charges for the year on normal working capacity of 2 lakh kgs is 20 lakhs. 4,000 kgs of finished goods are in stock at the year end. Find Value of inventory per kg of finished goods.Maple Enterprises sells a single product with a selling price of $75 and variable costs per unit of $30. The company’s monthly fixed expenses are $22,500.A. What is the company’s break-even point in units?B. What is the company’s break-even point in dollars?C. Construct a contribution margin income statement for the month of September when they will sell 900 units.D. How many units will Maple need to sell in order to reach a target profit of $45,000?E. What dollar sales will Maple need in order to reach a target profit of $45,000?F. Construct a contribution margin income statement for Maple that reflects $150,000 in sales volume.Please need answer the accounting question do fast and step by step calculation