Hop it helped you and you get a good grade on that assignment
Answer: See explanation
Explanation:
a. Prepare a CVP income statement that shows both total and per unit amounts.
CVP INCOME STATEMENT
Per unit. Total
Sales (500 units). 400. 200,000
Variable expense 280 140,000
Contribution margin. 120 60,000
Fixed expense. 48,000
Net operating Income. 12,000
b. Compute Norton's breakeven in units.
Breakeven point = 48000 / 120 = 400
c. Prepare a CVP income statement for the break-even point that shows both total and per unit amounts.
CVP income statement for the break-even point
Per unit. Total
Sales (400 units). 400. 160,000
Variable expense 280 112,000
Contribution margin. 120 48000
Fixed expense. 48,000
Net operating Income. 0
Answer:
$105,000
Explanation:
Boxes sold in 2017 = 600,000 boxes
Number of boxes expected to be redeemed = 600,000 * 50% = 300,000 boxes
Number of bowls expected to be offered = 300,000 * 1/5 = 60,000 bowls
Net cost of each bowl to the company = $2.75 - $1 = $1.75
Premium expense = $1.75 * 60,000 bowls = $105,000
So, the premium expense for 2023 is $105,000
Answer:
Fairness, lawful, righteous, telling the truth, being equal.
Explanation:
Answer:
Creative Design Co.
Bank Reconciliation
August 31, 20Y6
Cash balance according to Bank Statement $30,270
Add: Deposit in transit, not recorded by bank <u> $4,690</u>
$34,960
Less: Outstanding checks <u> ($5,850)</u>
Adjusted Balance $29,110
Cash balance according to Company's records $28,800
Add: Error in recording check (840 - 480) <u> $360 </u>
$29,160
Less: Bank service costs <u> ($50) </u>
Adjusted balance $29,110
