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snow_tiger [21]

1 year ago

13

A difference between financial accounting income and taxable income that never reverses is called a(n)_____difference. (enter on

ly one word.)

1 answer:

soldi70 [24.7K]1 year ago

7 0

Permanent difference

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Clarence is visiting his friends in Germany. Which currency will he use to pay for souvenirs?

dolphi86 [110]

If Clarence is visiting his friends in Germany, he will use euros to pay any souvenirs he buys. Other places that uses euros are Greece, Austria, Finland, and Spain.

7 0

3 years ago

Read 2 more answers

Information concerning a product produced by Ender Company appears here: Sales price per unit $ 164 Variable cost per unit $ 94

Alex17521 [72]

Answer:

Results are below.

Explanation:

<u>To calculate the unitary contribution margin, we need to use the following formula:</u>

Contribution margin= selling price - unitary variable cost

Contribution margin= 164 - 94

Contribution margin= $70

<u>Now, to determine the break-even point in units and sales dollars, we need to use the following formulas:</u>

Break-even point in units= fixed costs/ contribution margin per unit

Break-even point in units= 434,000 / 70

Break-even point in units= 6,200

Break-even point (dollars)= fixed costs/ contribution margin ratio

Break-even point (dollars)= 434,000 / (70 / 164)

Break-even point (dollars)= $1,016,800

<u>The desired profit is $182,000:</u>

Break-even point in units= (fixed costs + desired profit) / contribution margin per unit

Break-even point in units= (434,000 + 182,000) / 70

Break-even point in units= 8,800

<u>Finally, the margin of safety in units, sales dollars, and as a percentage:</u>

Margin of safety (units)= (current sales level - break-even point)

Margin of safety (units)= 8,800 - 6,200

Margin of safety (units)= 2,600

Margin of safety (dollars)= (8,800*164) - 1,016,800

Margin of safety (dollars)= $426,400

Margin of safety ratio= (current sales level - break-even point)/current sales level

Margin of safety ratio= 426,400 / 1,443,200

Margin of safety ratio= 0.295

7 0

4 years ago

Bradford, Inc., expects to sell 9,000 ceramic vases for $21 each. Direct materials costs are $3, direct manufacturing labor i

Ierofanga [76]

Answer:

Direct material= $19,500

Direct labor= $78,000

Overhead= $19,500

Explanation:

Giving the following information:

Direct materials costs are $3, direct manufacturing labor is $12, and manufacturing overhead is $3 per vase.

The following inventory levels apply to 2019:

Beginning inventory - Ending inventory

Direct materials 3,000 units 3,000 units

Finished goods inventory 300 units 500 units

Sales= 9,000 units

First, we need to determine the number of units to be produced:

Production= sales + desired ending inventory - beginning inventory

Production= 9,000 + 500 - 3,000= 6,500

Purchases (direct material)= produciton + desired ending inventory - beginning inventory

Purchases= 6,500 + 3,000 - 3,000= 6,500

Now, we can calculate the budgeted costs:

Direct material= 3*6,500= $19,500

Direct labor= 12*6,500= $78,000

Overhead= 3*6,500= $19,500

8 0

3 years ago

Winnebago Industries, Inc. is a leading manufacturer of motor homes. Suppose Winnebago reported ending inventory at August 29, 2

Ad libitum [116K]

Answer:

Winnebago Industries' ending inventory have been if it had used FIFO is $77,196,000

Explanation:

The computation of the ending inventory under FIFO method is shown below:

= Ending inventory under LIFO inventory method + LIFO reserve

= $46,850,000 + $30,346,000

= $77,196,000

For determining the ending inventory under the FIFO method, we added the ending inventory under the LIFO method and LIFO reserve so that accurate value can come.

7 0

3 years ago

After the two adjusting entries for merchandise inventory for marley motorcycles have been entered on the worksheet, the income

damaskus [11]

The amount of merchandise inventory at the beginning of the year is B. $41,000.

<h3>What is the beginning inventory?</h3>

The beginning inventory is the balance of inventory at the beginning of a financial period.

The purchases for the current period, under the periodic inventory system, are added to the beginning inventory to obtain the value of goods available for sale. From the cost of goods available for sale, the ending inventory is deducted to obtain the cost of goods sold.

Thus, the amount of merchandise inventory at the beginning of the year is B. $41,000.

Learn more about the periodic inventory system at brainly.com/question/8189650

#SPJ1

8 0

2 years ago