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3 years ago

Michael's Machine Shop reports the following information for the quarter.

Business

1 answer:

m_a_m_a [10]3 years ago

3 0

Answer:

Results are below.

Explanation:

First, we need to calculate the variable cost per unit:

Variable cost per unit= Materials + Labor + Plant supervision + Selling and administrative

Variable cost per unit= 18 + 15 + 8 + 9

Variable cost per unit= $50

Now, the fixed cost:

Fixed costs= Selling and administrative + Production

Fixed costs= 47,620 + 142,860

Fixed costs= $190,480

To calculate the break-even point in units, we need to use the following formula:

Break-even point in units= fixed costs/ contribution margin per unit

Break-even point in units= 190,480 / (70 -50)

Break-even point in units= 9,524

Finally, the expected sales:

expected sales= 23,810*70

expected sales= $1,666,700

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Answer:

Results are below.

Explanation:

First, we need to calculate the total unitary variable cost:

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3 years ago

During the course of your examination of the financial statements of the Hales Corporation for the year ended December 31, 2021,

Nana76 [90]

Answer:

$35,260

Explanation:

Calculation to Determine the proper amount of net income for 2021

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Adjustments:

a. Insurance expense overstated $2,800

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c. Supplies expense overstated $645

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Adjusted net income $35,260

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3 years ago

Peter, has discovered another wine, wine D. Wine drinkers are willing to pay 45 dollars to drink it right now. The amount that w

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Answer:

e. 71 dollars

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Peter was willing to but the wine for $45

In a year, there is an increase of $15 = $45 + $15 = $60

The interest rate of 10% of $60 = $6

Total = $66 ~ $70

Therefore, the amount he is willing to pay for the win if he buys it as investment would be 71 dollars.

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3 years ago