In your own words what is demand

Morrison Company manufactures two products: digital cameras and video cameras. The company uses an activity-based costing system

Shtirlitz [24]

Answer:

"$127.11 per unit" is the correct approach.

Explanation:

The activity cost as per the questions will be:

Activity 1:

= $\frac{30,000}{600}$

= $50$ ($)

Activity 2:

= $\frac{45000}{900}$

= $50$ ($)

Activity 3:

= $\frac{96600}{2400}$

= $40.25$ ($)

Now,

The overhead cost for digital cameras will be:

= $(50\times 100)+(50\times 600)+(40.25\times 400)$

= $5000+30000+16.100$

= $51100$ ($)

Per unit overhead cost will be:

= $\frac{51100}{10000}$

= $5.11$ ($)

hence,

The total cost will be:

= $Direct \ costs+Indirect \ costs$

= $122+5.11$

= $127.11 \ per \ unit$ ($)

4 0

3 years ago

What should you not put on your resume?

Anna [14]

You shouldn't put things you haven't accomplished or didn't do.

You should write things you have accomplished and YOU have done.

7 0

4 years ago

Read 2 more answers

Swann Company sold a delivery truck on April 1, 2019. Swann had acquired the truck on January 1, 2015, for $42,000. At acquisiti

Debora [2.8K]

Answer:

First we must record the depreciation expense for January, February and March:

Depreciation expense for 3 months = ($42,000 - $5,000) x 3/60 = $1,850

April 1, depreciation expense for January, February and March:

Dr Depreciation Expense 1,850

Cr Accumulated depreciation 1,850

the book value of the truck = $12,400 - $1,850 = $10,550

1) If the truck was sold at $12,000:

April 1, truck is sold at $12,000

Dr Cash 12,000

Dr Accumulated depreciation 31,450

Cr Gain from sale 1,450

Cr Truck 42,000

If the truck was sold at $9,000:

April 1, truck is sold at $9,000

Dr Cash 9,000

Dr Accumulated depreciation 31,450

Dr Loss from sale 1,550

Cr Truck 42,000

2) The gain or loss resulting from the disposal of the truck must be included in the income statement under gain/loss from sale of assets.

3) If Swann uses IFRS and had recorded a revaluation surplus on the truck:

April 1, truck is sold at $12,000

Dr Cash 12,000

Dr Revaluation surplus 4,000

Dr Loss from sale 1,450

Cr Truck 14,550

7 0

3 years ago

Prepare a contribution format income statement at the company's break-even point that shows the appropriate levels of sales for

fiasKO [112]

The overall contribution margin (CM) ratio for the company is 30% and Overall break-even point in dollar sales is $80,000.

<h3>Contribution margin (CM) ratio </h3>

1. Overall contribution margin ratio

Overall contribution margin ratio = Total contribution margin/Total sales

Overall contribution margin ratio= $30,000/ $100,000

Overall contribution margin ratio = 30%

2. Overall break-even point in dollar sales

Overall break-even = Total fixed expenses/ Overall contribution margin ratio

Overall contribution margin ratio= $24,000/30%

Overall contribution margin ratio= $80,000

3. Contribution format income statement

Claim-jumper Makeover Total

Original dollar sales $30,000 $70,000 $100,000

Percent of total 30% 70% 100%

Sales at break-even $24,000 $56,000 $80,000

Variable expenses:

Claim-jumper

Variable expenses= ($24,000/$30,000) × $20,000

Variable expenses= $16,000

Makeover

Variable expenses=($56,000/$70,000) × $50,000

Variable expenses= $40,000

Therefore the overall contribution margin (CM) ratio for the company is 30% and Overall break-even point in dollar sales is $80,000.

Learn more about Contribution margin (CM) ratio here:brainly.com/question/24039258

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5 0

2 years ago

A college textbook is selling for (US) $140 in the United States. That same textbook sells in Canada for (CA) $150. The exchan

dlinn [17]

Answer:

(US)$136,36

(CA)$154

NO

Explanation:

Hi, to answer the first question we have to divide the price of the textbook in Canada $150(CA) by $1.10.( since (CA) $1.10 = (US) $1.00.)

U.S. price of the textbook purchased in Canada: 150/1.10 = (US)$136,36

Canadian price of the textbook purchased in the U.S: $140 x 1.10 = (CA)$154

Taking shipping costs into account, (US) $5.00 if we purchase the book in the U.S. and sold in it Canada, it will cost:

$154(CA) + (5(US) X 1.10 ) = 154 (CA) +5.5 (CA)= $159.5(CA)

The textbooks are likely to be purchased in Canada directly, because they are cheaper ( $159.5(CA) >$150(CA))

Taking shipping costs into account, if we purchase the book in the Canada and sold in it the US, it will cost:

$136 + $5 = $141

The textbooks are likely to be purchased in the USA directly, because they are cheaper ( $141(US) >$140(US))

8 0

4 years ago