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snow_tiger [21]
4 years ago
14

In 2019, X Company sold 5,950 units of its only product. Total revenue was $1,519,035, total variable costs were $611,065, and t

otal fixed costs were $615,000. In 2020, there are only two expected changes: variable costs will decrease by $5.00 per unit, and fixed costs will decrease by $21,100. How many units must X Company sell in 2020 in order to earn $30,000?
Business
1 answer:
irina [24]4 years ago
4 0

Answer:

Solution Units to be sold = 4262.76 units or 4263 units approx Working Current Changed Sales revenue $ 1,608,750.00 Total Variable

Explanation:

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TB MC Qu. 9-371 Irving Corporation makes a product with ... Irving Corporation makes a product with the following standards for
lisov135 [29]

Answer:

Variable manufacturing overhead rate variance= $664 favorable

Explanation:

Giving the following information:

Variable overhead 0.2 hours $ 5.10 per hour

The company used 1,660 direct labor-hours to produce this output. The actual variable overhead cost was $7,802.

<u>To calculate the variable overhead rate variance, we need to use the following formula:</u>

Variable manufacturing overhead rate variance= (standard rate - actual rate)* actual quantity

Actual rate= 7,802/1,660= $4.7

Variable manufacturing overhead rate variance= (5.1 - 4.7)*1,660

Variable manufacturing overhead rate variance= $664 favorable

6 0
4 years ago
A good is excludable if: a) Those who are unwilling or unable to pay for the good do not obtain its benefits. b) It is not possi
N76 [4]

Answer:

The correct answer is letter "A": Those who are unwilling or unable to pay for the good do not obtain its benefits.

Explanation:

The excludability feature of goods does not allow individuals to have access to them without having paid for them. Thus, non-excludable goods are those that no one cannot prevent its use. <em>Private goods</em> (clothing, vehicles, houses) are excludable but they are also considered rival goods since when one person uses it another individual cannot consume the goods.

4 0
3 years ago
Read 2 more answers
A fee that covers the cost of ensuring that the home belongs to the seller, and may also include title insurance, which protects
Aleks [24]

C. Title Fee

The company will perform a title search to ensure that there is a clear path of ownership so there can be a legal sale contract.

8 0
4 years ago
Read 2 more answers
Whispering Incorporated factored $164,900 of accounts receivable with Metlock Factors Inc. on a without-recourse basis. Metlock
GuDViN [60]

Answer:

The journal entries are as follows:

In the books of  Whispering:

Cash A/c Dr. $151,708

Due from Metlock Ac Dr. $9,894

Loss on sale of receivable A/c Dr. $3,298

         To Accounts receivable                         $164,900

(To record factoring of accounts receivable on without recourse)

Working notes:

Due from Metlock = $164,900 × 6%

                               = $9,894

Loss on sale of receivable:

=  $164,900 × 2%

= $3,298

In the books of Metlock Factors:

Accounts receivable A/c Dr. $164,900

            To Due to Whispering             $9,894

            To Financing revenue             $3,298

            To Cash                                   $151,708

(To record the accounts receivable)

5 0
3 years ago
Assume that the demand curve for a certain good is a vertical line. This vertical demand curve illustrates the idea that:
ladessa [460]

Answer:

e.people will not change the quantity of the good when the price of the good is changed.

Explanation:

When the demand curve for a good is vertical, it indicates that the demand for the good is perfectly inelastic ; a change in price has no effect on the quantity demanded.

Goods with perfect inelasticity usually have no or little close subsituites.

I hope my answer helps you

6 0
3 years ago
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