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3 years ago

Munson Co. uses a job order cost system. The following data summarize the operations related to production for July:

Business

2 answers:

Musya8 [376]3 years ago

7 0

Nope other person already answer the question so

aliya0001 [1]3 years ago

4 0

i hope you don't mind but im using this for points

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Carmen contracted with miles, who agreed to replace the carpets in her house. a clause in the contract provides that the only re

kondaur [170]

The type of provision that has been contracted is a limitation of liability clause. This provision enables the an agreement of which when a party has caused a damage, he or she will need to comply. In order to replace or pay with the damage that has been done. In the statement above, this provision is what it describes.

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3 years ago

If the rate of interest increases 1 percent, what will be the bond’s new price

trasher [3.6K]

Not enough information. need original interest and possibly bond type

4 0

4 years ago

Information concerning a product produced by Ender Company appears here: Sales price per unit $ 164 Variable cost per unit $ 94

Alex17521 [72]

Answer:

Results are below.

Explanation:

To calculate the unitary contribution margin, we need to use the following formula:

Contribution margin= selling price - unitary variable cost

Contribution margin= 164 - 94

Contribution margin= $70

Now, to determine the break-even point in units and sales dollars, we need to use the following formulas:

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

Break-even point in units= 434,000 / 70

Break-even point in units= 6,200

Break-even point (dollars)= fixed costs/ contribution margin ratio

Break-even point (dollars)= 434,000 / (70 / 164)

Break-even point (dollars)= $1,016,800

The desired profit is $182,000:

Break-even point in units= (fixed costs + desired profit) / contribution margin per unit

Break-even point in units= (434,000 + 182,000) / 70

Break-even point in units= 8,800

Finally, the margin of safety in units, sales dollars, and as a percentage:

Margin of safety (units)= (current sales level - break-even point)

Margin of safety (units)= 8,800 - 6,200

Margin of safety (units)= 2,600

Margin of safety (dollars)= (8,800*164) - 1,016,800

Margin of safety (dollars)= $426,400

Margin of safety ratio= (current sales level - break-even point)/current sales level

Margin of safety ratio= 426,400 / 1,443,200

Margin of safety ratio= 0.295

7 0

4 years ago

Fuzzy Monkey Technologies, Inc., purchased as a long-term investment $220 million of 8% bonds, dated January 1, on January 1, 20

7nadin3 [17]

Answer:

1 Jan 2021- Debit Investment $220 million, Credit Bank $201 million, Credit Discount received $19 million.

30 June 2021 Debit Bank $8,800,000 Credit Interest income $8,800,000

31 December Debit Bank $8,800,000 Credit Interest income $8,800,000

31 December 2021 Debit Fair value loss $10 million, Credit Investment $10 million.

Explanation:

Required: prepare journal entries.

interest income = 220 million *0.08 *6/12= $8,800,000

fair value gain or loss = opening fair value - fair value at the end of the year

= 220 million - 210 million

= $10 million

7 0

4 years ago

Lyman’s business has grown to 400 employees with annual revenues of $15 million. He would like to expand further but needs anoth

Rashid [163]

He should consider where he is going to get the money from, how soon he will be able to pay it back if he borrowed it, and if he needs anymore emplyees for the expansion.

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3 years ago