Answer:
$304,600
Explanation:
Break-even point = Fixed cost / Contribution margin
Break-even point = $121,840 / 0.4
Break-even point = $304,600
Therefore, the break-even point is $304,600
here you go
Explanation:
Characteristics of Partnership
Unlimited liability: The members of a partnership have unlimited liability, i.e. they are collectively and individually liable for the firm's debts and obligations. ... Sharing of profit and loss: The main purpose of the partnership is to share profit in the agreed ratio.
C Under U.S. GAAP, the entire issue price is recorded as debt. Under IFRS, convertible debt is divided into its liability and equity elements.
Answer:
C) $4,500.
Explanation:
The interest expense for one year is $6,000 (100,000 * 6%). The Accrual Principle of Accounting requires entities to record expenses in a period in which they are incurred and not when paid. So, we have to record the interest accrued for nine months that is from April to December.
⇒ Interest Expense at Year End = (6,000 / 12) * 9 = $4,500.
Answer:
Variable manufacturing overhead rate variance= $4,596 unfavorable
Explanation:
Giving the following information:
Variable manufacturing overhead 0.50 hours $8.80 per hour $4.40
Actual direct labor hours= 1,200
Variable manufacturing overhead costs during March totaled $15,161.
<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= 15,161/1,200= $12.63
Variable manufacturing overhead rate variance= (8.8 - 12.63)*1,200
Variable manufacturing overhead rate variance= $4,596 unfavorable