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4 years ago

A contract entered into between the parties by words is called- -

1 answer:

8 0

A contract entered into between the parties by words is called AN EXPRESS CONTRACT.

An express contract is an exchange of promise between at least two parties wherein the agreed terms are expressed either orally or in writing at a time it is made. Express contract may also be both oral and written at the same time.

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In each of the following cases, calculate the accounting break-even and the cash break-even points. Ignore any tax effects in ca

kykrilka [37]

Answer:

Accounting break-even

Case

1 11,386.13 units

2 = 28125 units

3 312.5 units

Cash break-even

Case Break-even

1 = 13,861.38

2 = 8125

3 = 312.5

Explanation:

Accounting break even is computed as

Break-even = (total fixed cost + depreciation ) /selling price - variable cost per unit

Case

1 = (7,000,000 + 1,250,000)/(2,800- 2,295)= 11386.13861

2 (65,000 +160,000)/(51-43 ) unit = 28125

3 (1,800 + 700)/ (12- 4)= 312.5

Cash break even

Under here only cash based fixed cost would be used , depreciation would be ignored. This is so because it is not a fixed cost .

Break-even = (total fixed cost ) /selling price - variable cost per unit

1 = (7,000,000 )/(2,800- 2,295)= 13,861.38

2 (65,000 )/(51-43 ) unit = 8125

3 (1,800 + 700)/ (12- 4)= 312.5

8 0

3 years ago

Crane Company estimates that variable costs will be 55.00% of sales, and fixed costs will total $702,000. The selling price of t

Alisiya [41]

Answer and Explanation:

The computation is shown below;

The Variable cost is

= 55% of $4

=$2.2

Now

Contribution margin per unit

= Sale - Variable cost

= $4 - $2.2

= $1.8 per unit

a.Breakeven point is

= Fixed cost ÷ Contribution margin

In units

= ($702,000 ÷ $1.8)

= 390,000 units

in dollars = (390,000 × $4)

= $1,560,000

b.Margin of safety = Total sales - Breakeven sales

In dollars = ($2,000,000 - $1,560,000)

= $440,000

Margin of safety ratio =Margin of safety ÷ Total sales

= ($440,000 ÷ $2,000,000)

= 22%

4 0

3 years ago

What is an example of an interest leading to a career choice?

d1i1m1o1n [39]

A . an interest in animals leads to a career in marketing

8 0

3 years ago

How does the federal government's fiscal policy affect the U.S. economy?(1 point)

MrRissso [65]

Answer:

I think its d

Explanation:

Want my number I bored

4 0

2 years ago

A company’s planned activity level for next year is expected to be 100000 machine hours. At this level of activity, the company

Marina86 [1]

Answer:

The total manufacturing overhead is $200,100

Explanation:

The flexible budget prepared below is based on the original budget for 100,000 machine hours adjusted to 90,000 hours

indirect materials(variable)$50,000/100,000*90,000=$45,000

depreciation(fixed) =$37,500

indirect labor(variable )$80,000/100,000*90,000 =$72000

taxes(fixed) =$7,500

factory supplies(variable)$9000/100,000*90000 =$8,100

supervision(fixed) =$30,000

total manufacturing overhead $200,100

The total manufacturing overhead is $200,100 based on the fact that variable cost varies with output while fixed costs remain the same

4 0

3 years ago