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MAVERICK [17]
3 years ago
12

ay-Zee Company makes an in-car navigation system. Next year, Jay-Zee plans to sell 23,000 units at a price of $350 each. Product

costs include: Direct materials $74.00 Direct labor $42.00 Variable overhead $11.00 Total fixed factory overhead $549,200 Variable selling expense is a commission of 6 percent of price; fixed selling and administrative expenses total $97,200. Required: 1. Calculate the sales commission per unit sold. If required, round your answers to the nearest dollar. Use rounded answers in subsequent computations.
Business
1 answer:
Fittoniya [83]3 years ago
3 0

Answer:

$21

Explanation:

The computation of the sales commission per unit sold is shown below:

= Selling price per unit × sales commission percentage

= $350 × 6%

= $21

By multiplying the selling price per unit with the sales commission percentage we can get the sales commission per unit and the same is shown above in the calculation part.

All other information is not relevant. Hence, ignored it

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Holiday Gifts signs a three-month note payable to help finance increases in inventory for the Christmas shopping season. The not
Illusion [34]

Answer:

Explanation:

The adjusting entry for interest expense is shown below:

Interest expense A/c Dr $1,134

      To interest payable               $1,134

(Being interest expense is adjusted)

The interest expense is computed by

= Note payable amount × interest rate × (number of months in a year ÷ total number of months in a year)

= $75,600 × 9% × (2 months ÷ 12 months)

= $1,134

The two months is computed from the November 1 to December 31

4 0
3 years ago
The compensation associated with restricted stock units (RSUs) under a stock award plan is: A. The book value of an unrestricted
pantera1 [17]

Answer:

Allocated to expense over the service period which usually is the vesting period.

Explanation:

The compensation associated with restricted stock units (RSUs) under a stock award plan is Allocated to expense over the service period which usually is the vesting period.

The compensation associated with restricted stock units (RSUs) under a stock award plan is computed as

Number of shares represented by the RSUs * market price of an unrestricted share of the same stock.

5 0
3 years ago
The management accountant for Martha’s Book Store has prepared the following income statement for the most current year.
Tatiana [17]

Answer:

c. less corporate profits.

Explanation:

Subtract all the expenses from the revenue that are solely associated with Cookbook product line.

60000 - 36000 - 18000 - 2000 = 4000

This $4000 suggests that CookBook product line contributes profit of 4000 towards the company. So If the cookbook product line had been discontinued prior to this year, the company would have reported less corporate profits by $4000.

5 0
2 years ago
Possession of an open container of alcohol receives a $500 fine and a jail confinement of answer:_______
gayaneshka [121]

Possession of an open container of alcohol receives a $500 fine and a jail confinement of six day

8 0
3 years ago
A clinic has been set up to give flu shots to the elderly in a large city. The design capacity is 50 seniors per hour, and the e
SashulF [63]

Answer:

d. Design utilization is 66%.

Explanation:

If the clinic gave flu shots to 330 seniors over ten hours, that's an average of 33 seniors per hour, comparing to the design capacity and effective capicity gives:

DesignPerc = \frac{33}{50} = 0.66\\ EffectivePerc= \frac{33}{44} = 0.75

Therefore, Design utilization is 66% and Effective utilization is 75% so the answer is D.

7 0
3 years ago
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