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kherson [118]
3 years ago
8

Juniper Enterprises sells handmade clocks. Its variable cost per clock is $6, and each clock sells for $24. Calculate Juniper’s

contribution margin per unit and contribution margin ratio. If the company’s fixed costs total $6,660, determine how many clocks Juniper must sell to break even.
Business
1 answer:
julsineya [31]3 years ago
6 0

Answer:

The break even units of clock is 370 units.

Explanation:

Juniper Enterprises sells handmade clocks.

The variable cost per clock is $6.

The price of per unit of clock is $24.

The contribution margin per unit

= Sales - Variable cost

= $24 - $6

= $18

Break even units

= \frac{Total\ fixed\ costs}{Contribution\ unit}

= \frac{6,660}{18}

= 370 units

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3 years ago
On january 1, george paid the $2,345 in taxes for the current year. if he sold the property on june 23 of that same year, how mu
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A family wishes to accumulate 50,000 i a college education fund by the end of 20 years. If they deposit 1,000 into the fund at t
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8 0
3 years ago
Giant Ltd acquired 80 percent share capital of Expert Ltd. On 1 July 2018 for a cost of $1,600,000. As at the date of acquisitio
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Answer and Explanation:

1. For computation of the non-controlling interest as at 30 June 2019 is shown below:-

Adjusted profit = Profit tax after the year - Unrealized gain in stock - Gain on machinery

= $200,000 - $10,500 - $10,500

= $179,000

Non-controlling interest as at 30 June 2019 = Share capital + Retained earning + General reserve + Profit of the year June 2019

= ($800,000 × 20%) + ($200,000 × 20%) + ($400,000 × 20%) + ($179,000 × 20%)

= $160,000 + $40,000 + $80,000 + $35,800

= $315,800

2. The Journal entries are shown below:-

a. Profit for the year Dr, $21,000

         To Stock reserves $10,500

         To Equipment reserve $10,500

(Being reserves is recorded)

Working note:

For stock reserve

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Cost $60,000

Profit before tax $60,000

Tax at 30% $18,000

Profit after tax $42,000

Unsold stock 25%

Unrealized profit $10,500

For net gain on sale of machinery

Sale price $80,000

Cost $60,000

Profit before tax $20,000

Tax at 30% $6,000

Profit after tax $14,000

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b. Profit for the year Dr, $179,000

         To Consolidated reserves and surplus $35,800

          To Non controlling interest $143,200

(Being profit of expert ltd. is recorded)

Working note

Share of non controlling stakeholders = 20% × $179,000

= $35,800

Share of Giant Ltd. = 80% × $179,000

= $143,200

We do not make any adjustment with respect to consultancy fees

3 0
3 years ago
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