Answer:
break even point in unit =5440 units
break even point in sales = $544000
total sale = $680000
Explanation:
given data
Current operating income = $34,000
Selling price = $100
margin ratio = 25%
to find out
Bay Area Cycle’s break even point in units and total sales dollars
solution
we get here first break even point that is express as
break even point in unit = 
..................1
break even point in unit = 
break even point in unit =5440 units
so
break even point in sales = 
..................2
break even point in sales = 
break even point in sales = $544000
and
total sales will be
total sale = 
..................3
total sale = 
total sale = $680000
Ethical formalists maintain that moral judgement should be based on logical form,that is,like laws that should be obeyed,rather then by their content,that is,judgement about activities or people.
Answer:
The correct word for the blank spaces are: code of ethics.
Explanation:
The company's Code of Ethics represents the moral values a firm expects its employees to perform in their day-to-day activities. Usually written in a book, the Code of Ethics represents the core of the corporate culture of an organization which is the institution's spirit and differentiates it from competitors.
The Code of Ethics establishes guidelines for the behavior of workers within the workplace avoiding major issues that could harm the operations of the entity such as fraud.
Answer:
1. Total cost of purchases for the month
- = actual purchases x actual price = 200,000 pages x $0.175 per page = $35,000
2. Materials price variance
- = (actual unit cost - standard unit cost) x actual quantity used = ($0.175 - $0.17) x 185,000 = $925 unfavorable
3. Materials quantity variance
= (actual quantity used - standard quantity allowed) x standard price = (185,000 - 170,000) x $0.17 = $2,550 unfavorable
4. Net materials variance
- = materials price variance + materials quantity variance = $925 + $2,550 = $3,475 unfavorable
Explanation:
Actual purchase price $0.175 per page
Standard quantity allowed for production 170,000 pages
Actual quantity purchased during month 200,000 pages
Actual quantity used during month 185,000 pages
Standard price per page $0.17 per page
Answer:
When accounting for revenue over time for a long-term contract, the percentage of completion used to recognize revenue in the first year usually is determined by measuring Costs incurred in the first year, divided by estimated total costs for the completed project
Explanation:
The percentage of completion method of revenue recognition is a concept in accounting that refers to a method by which a business recognizes revenue on an ongoing basis depending on the stages of a project’s completion.
In other words, the percentage of completion method is used for longer-term projects and recognizes revenue and expenses as a percentage of the project’s completion during the period.
