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Svetllana [295]
3 years ago
15

Coronado, Inc. uses activity-based costing as the basis for information to set prices for its six lines of seasonal coats.

Business
1 answer:
jolli1 [7]3 years ago
8 0

Answer:

Activity Cost Pools   Est. Overhead   Est. Use      Rate             Per

Designing                    $452,925         $13,500     $33.55   Designer hours

Sizing and cutting      $4,250,150       $167,000   $25.45   Machine hours

Stitching & trimming   $1,400,525       $75,500     $18.55    Labor hours

Wrapping & packing   $339,450         $31,000      $10.95    Finished units

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Which luxury brand shares its name with the french explorer who is credited with naming canada?
maxonik [38]

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7 0
4 years ago
INCOME STATEMENT Little Books Inc. recently reported $3 million of net income. Its EBIT was $6 million, and its tax rate was 40%
Papessa [141]

Answer:

Interest= $1000000

Explanation:

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Revenue/Sales (+)

Cost of Goods Sold (COGS) (-)

=Gross Profit

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General and Administrative (G&A) Expenses (-)

=EBITDA

Depreciation & Amortization Expense (-)

=Operating Income or EBIT

Interest (-)

Other Expenses (-)

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Income Taxes (-)

=Net Income

<u>In this exercise:</u>

EBIT= $6000000

interest= ?

tax=? (0,40)

EBITDA=$3000000

interest= [EBITDA/(1-t)]-EBIT

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