False i believe. not sure
Inferential Statistics is your answer
Answer:
The monthly fixed manufacturing cost is $7500.
Explanation:
Variable cost per unit = change in total cost / change in no of units
= 6900-5000/8000-4200
= 0.5 per unit
Fixed cost = Total manfacturing cost - variable cost at a 4200 level
= 5000 - (4200*0.5)
= 5000 - 2100
= $2900
If company produces 9200 units:
Total manfacturing costs = fixed costs + 9200*variable cost per unit
= 2900 + (9200*0.5)
= $7500
Therefore, The monthly fixed manufacturing cost is $7500.
The answer is "<span>$960,000".
This is how we calculate this;
</span><span>sales = $1,500,000
</span><span>fixed expenses = $450,000
</span><span>contribution margin ratio = 36% = 36/100 = 0.36
</span>total variable expenses = <span>($1,500,000) (1 – 0.36)
= (1,500,000)(0.64)
= $960,000</span>
Answer:
d. Treasury Stock for $240,000
Explanation:
The journal entry for re-acquisition of the stock under the cost method is shown below:
Treasury stock A/c Dr $240,000
To Cash A/c $240,000
(Being the stock are reacquired for cash)
The $240,000 amount should be come from
= Number of shares × common stock per share
= 16,000 shares × $15
= $240,000
Since the stock is reacquired so we used the treasury stock account instead of the common stock account
