Answer:
a. lebron james 123456789101121314151617181920
Answer:
Part A.
$16.75
Part B.
Variable costing income statement for 2017
Fi
Part C.
Part D.
Absorption costing income statement for 2017
Explanation:
<em>The question is incomplete, however see explanations below</em>
Cost per unit - Variable Costing
<em>Only consider the Variable Manufacturing Costs</em>
Cost per unit - Variable Costing = $16.75
Cost per unit - Absorption Costing
<em>Consider Both Variable and Fixed Manufacturing Costs</em>
Answer:
Selling price = $20.05
Explanation:
<em>The break even point </em><em>is the level of activity where the total cost of is exactly equal to the total revenue. At this point, the business makes no profit and no loss, because the total contribution is also equal to the total fixed costs.</em>
Contribution is the excess of sales revenue over variable cost
Total contribution = (S.p - VC per unit) × unit sold
So we can determine the selling price per unit by equating the total contribution to the the total fixed cost as follows:
Step 1
<em>Determine the total contribution</em>
= ( S.P - 6.80) × 900
Step 2
<em>Equate the total contribution to the total fixed cost and solve for S.P</em>
(S.P - 6.80) × 900 = 11,925. Lets substitute S.P with x
(X-6.80) × 900 = 11,925
900X -6,120 = 11,925
900X = 11,925 + 6,120
900X = 18045
X = 18,045/900
X = $20.05
Selling price = $20.05
Studying. Never stop studying, going over your work twice, and double checking.
Answer:
A. $302,000
Explanation:
<u>Accrual basis: </u>recognize income and expenses based on the date at they occur regardless of collection or payment.
sales revenue: 496,000
incurred expenses:<u> (194,000) </u>
net income 302,000
<u>The prepaid is not considered an expense under accrual basis. </u>It will be adjusted over time.