XYZ Corporation purchases 500 gadgets for $45 each. At the end of the reporting period, the replacement cost is $41 per gadget, the estimated selling price is $72 per gadget, the disposal cost is $7 per gadget, and the normal profit margin is $18 per gadget. If XYZ uses LCM costing by item, at what amount will the gadgets be reported on the balance sheet? a. $20,500 b. $23,500 c. $22,500 d. $21,000

Carla Vista Company sells product 1976NLC for $20 per unit. The cost of one unit of 1976NLC is $21, and the replacement cost is $20. The estimated cost to dispose of a unit is $4, and the normal profit is 30% of selling price. At what amount per unit should product 1976NLC be reported, applying lower-of-cost-or-market?

igelow Inc. sells a product for $1,200 per unit. The variable cost is $816 per unit, while fixed costs are $3,120,000. Determine (a) the break-even point in sales units and (b) the break-even point if the selling price were increased to $1,232 per unit. a.  Break-even point in sales units  units b.  Break-even point if the selling price were increased to $1,232 per unit

Lin Corporation has a single product whose selling price is S136 per unit and whose variable expense is $68 per unit. The company's monthly tixed expense is $31,650, Required: 1. Calculate the unit sales needed to attain a target profit of $5,750. (Do not round intermediate calculations.)

If the current market price for selling a product at Andrew Materials is $15.50 per unit, and the company wishes to make a 12% profit, what is the target cost? Accounting question

W Company sells only one product with a selling price of $200 and a variable cost of $80 per unit. The company’s monthly fixed expense is $60,000. Required: A) Determine the breakeven point in units sold and sales dollars. B) Determine the breakeven point in units sold and sales dollars if the company wants a net income of $30,000. C) Determine margin of safety if current sales are $175,000.

A certain company sells its product at (45 – 0.08x) pesos per unit. Variable cost per unit is P 25 while fixed cost is P 1,200. a. Find the break-even quantity and revenue b. Find the maximum point c. Find the profit at a sale of 120 units.

Oriole Company sells product 2005WSC for $55 per unit and uses the LIFO method. The cost of one unit of 2005WSC is $52, and the replacement cost is $51. The estimated cost to dispose of a unit is $6, and the normal profit is 40% of selling price. At what amount per unit should product 2005WSC be reported, applying lower-of-cost-or-market?

Lin Corporation has a single product whose selling price is $136 per unit and whose variable expense is $68 per unit. The company's monthly fixed expense is $31,650. Required: 1. Calculate the unit sales needed to attain a target profit of $5,750. (Do not round intermediate calculations.) 2. Calculate the dollar sales needed to attain a target profit of $9,900. (Round your intermediate calculations to the riearest whole number.) |1. |Units sales to attain target profit units 2. Dollar sales to attain target profit

Lablanc Inc. sells a product for $93 per unit. The variable cost is $45 per unit, while fixed costs are $516,096. Determine (a) the break-even point in sales units and (b) the break-even point if the selling price were increased to $101 per unit.