The cost object in a job order system is the ______ and the cost object in a process costing system is the _____

Dorcan Corporation manufactures and sells T-shirts imprinted with college names and slogans. Last year, the shirts sold for $7.5

stellarik [79]

Answer:

correct option is (A) 16,500 units.

Explanation:

given data

shirts sold = $7.50

variable cost = $2.25

after tax net income = $5,040

selling price =$10

solution

we get here first fixed cost that is

Break even sales units = Fixed costs ÷ Contribution per unit .............1

put here value

20000 = $\frac{fixed \ cost }{7.50 -2.25}$

Fixed costs = $105000

and

Fixed costs coming year will be

Fixed costs coming year = ($105000 × 1.10)

Fixed costs coming year = $115500

and

Variable cost = $2.25 + ($2.25 × $\frac{1}{3}$ )

Variable cost = $3

so that Contribution margin will be

Contribution margin = Sales price - Variable cost ............2

Contribution margin = $10 - $3

Contribution margin = $7

and

break even sales units is

break even sales = $\frac{115500}{7}$

break even sales = 16500 units

so correct option is (A) 16,500 units.

4 0

4 years ago

On November 1, 2017, Austin Services issued $305,000 of five-year bonds with a stated rate of 12%. The bonds were issued at par,

sergiy2304 [10]

Answer:

$12,200

Explanation:

Calculation to determine the amount of interest expense was recorded for the period of January 1 to April 30, 2018

Interest expense=$305,000*12%*4/12

Interest expense=$12,200

Therefore the amount of interest expense was recorded for the period of January 1 to April 30, 2018 is $12,200

8 0

3 years ago

Leadership effectiveness should be evaluated according to which of the following characteristics?

nikdorinn [45]

Answer:all of the above

Explanation:

7 0

3 years ago

Part of the lands' end business model includes purchasing products and then selling them again without any reprocessing. lands'

Musya8 [376]

<span>Part of the lands' end business model includes purchasing products and then selling them again without any reprocessing. Lands' end is operating in the reseller market.
This company doesn't use the goods it has bought - it just sells it again to another company so as to get some profit.
</span>

7 0

3 years ago

The auditing standards board has concluded that analytical procedures are so important that they are required during the?

Musya8 [376]

The Auditing Standards Board has concluded that analytical procedures are so important that they are required during planning and completion phases.

The American Institute of Certified Public Accountants has designated the Auditing Standards Board as its senior technical committee for the purpose of issuing standards, guidelines, and auditing, attestation, and quality control statements to certified public accountants for audits of non-public companies.

The Auditing Standards Board (ASB) provides certified public accountants with standards, guidelines, and auditing, attestation, and quality control statements (CPAs). It is the senior technical committee of the AIPCA and is in charge of creating generally recognized auditing standards (GAAS) for private enterprises.

Learn more about Auditing Standards Board (ASB) here

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3 0

2 years ago

The cost object in a job order system is the ______ and the cost object in a process costing system is the ______.

The cost object in a job order system is the and the cost object in a process costing system is the .