17. O Company produces a single product. Last year, the company had anet operating income of P92,000 using absorption costing and a netoperating income of P98,600 using variable costing. If the fixedmanufacturing overhead cost was P3.00 per unit for the last two years,and if production was 18,000 units, then sales in units last year wereО а. 24,600b. 20,200с. 15,800d. 15,000

The Difference between absorpotion costing and Variable costing is that Variable considers complete…

Answered: then sales in units last year were

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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With an assumption that the volatility of Waste Management (WM) is 1.86% per day, corresponding to ______ per week, ______ per month, and ______ per year. A. 4.16% / 8.52% / 35.54% B. 4.16% / 8.52% / 29.53% C. 4.16% / 10.19% / 35.54% D. 4.92% / 10.19% / 29.53%
In this exercise, we develop a model for the growth rate G, in thousands of dollars per year, in sales of a product as a function of the sales level s, in thousands of dollars.† The model assumes that there is a limit to the total amount of sales that can be attained. In this situation, we use the term unattained sales for the difference between this limit and the current sales level. For example, if we expect sales to grow to 4 thousand dollars in the long run, then 4 − s gives the unattained sales. The model states that the growth rate G is proportional to the product of the sales level s and the unattained sales. Assume that the constant of proportionality is 0.8 and that the sales grow to 2 thousand dollars in the long run. (a) Find a formula for unattained sales.(b) Write an equation that shows the proportionality relation for G.G =
The average seling price of a new vehicle in the United States last year was $64, 470. If the average price ten years earlier was $54, 700, what was the annual increase/decrease in the selling price over this time period?
4) Big Foot recorded a gross margin of 55% in last year. If cash discounts of the store were 2% while alteration costs were 1% of its net sales in last year, what was the maintained markup percentage Big Foot achieved in last year?
Mattress Wholesalers, Inc. is constantly trying to reduce inventory in its supply chain. Last year, cost of goods sold was $7.55 million and inventory was $1.52 million. This year, costs of goods sold is $8.64 million and inventory investment is $1.57 million. a) What was its weeks of supply last year? weeks (round your response to two decimal places).
An individual actually earned a 4% nominal return last year. Prices went up by 3% over the year. Given that the investment income was subject to a federal tax rate of 28% and a state and local tax rate of 6%, what was the investor's actual real after-tax rate of return? A. -0.36% B. 0.66% C. 1.45% D. 0.72%
Will Walmart’s profit margin decrease in the next three years?
A business had a +10% variance in cash flow from investing activities this year as compared to last year. The dollar amount of cash flow from investing activities last year was $900,000. What was the dollar amount of cash flow from investing activities for this business in this year?
SP had sales of $168,000 in 2006. In 2014, it had sales of $2,300,000. What is the compounded annual growth rate?
Heathshoe Limited had profits before tax of 873,334 in the current year, which represented 25% of sales for the year. Next year, they are budgeting that sales are expected to increase by 20% and costs will increase by 15%. What is the budgeted profit?
Footware manufacturing is projected to decrease output by 8.4% from 2006 to 2016. If footware manufacturing had 1.8 billion dollars of output in 2006, approximately how much output is expected in 2016?

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