Answer:
$1.5 million.
Explanation:
Calculation of the amount of the break-even sales for Grace Food Company:
Sales mix calculation will be:
Corn Flakes = $2,000,000/$2,500,000
= 0.80,
Frosted Flakes = $500,000/$2,500,000
= 0.20.
Calculation for the Contribution margin ratio will be:
(60%) × (0.80) + (50%) × (0.20) = 58�lculation for the Break-even point will be:
Break even point= Total Fixed Costs/Overall Contribution margin ratio
Hence,
$870,000/0.58= $1.5 million.
Therefore amount of break even sales will be $1.5 million.
Answer:
Leslie is correct
Explanation:
It is the duty of the real estate agents to inspect properties properly before signing listing agreement or contracts. In this scenario, Katherine did not do her inspection job properly and if in this scenario, Leslie buys the house and finds out about the leaky roof, she is very correct to accuse Katherine of negligent misrepresentation, and thus should hold Katherine liable for the leaky roof problem.
Answer:
$659,277
Explanation:
The computation of the manufacturing labor dollars per year over the three year period of performance is shown below:
For 3 year it is
= 3 × 1,800 hours × $31
= $167,400
For 4.5 years, it is
= 4.5 × 1,800 hours × $31 × 1.025
= $257,377.50
Foe 4 years, it is
= 4 × 1,800 hours × $31 × 1.025 × 1.025
= $254,499.50
So, the manufacturing labor dollars per year is
= $167,400 + $257,377.50 + $254,499.50
= $659,277
Answer:
d. $66,000
Explanation:
Raw Material requisition = $66,000
Raw Material requisition is transferred to work in process account by following entry
Dr. Cr.
Work in process $66,000
Raw Material Inventory $66,000
The debits to the Work in Process account as a consequence of the raw materials transactions in May is $66,000.
Answer:
A) The cost of inventory sold in the current year.
Explanation:
Cost of Goods Sold: It refers to the cost both associated with the sold product, direct and indirect costs are both included.
At the end of the year COGS is subtracted from the sales in dollars, to identify if the products are in profit or loss.
