Intercontinental, inc., provides you with the following data for its single product:
sales price per unit $ 51.00
fixed costs (per month):
selling, general, and administrative (sg& a) 900,000
manufacturing overhead 2,700,000
variable costs (per unit):
direct labor 6.00
direct materials 11.00
manufacturing overhead 10.00
sg& a 5.00
number of units produced per month 300,000 units
required:
compute the amounts for each of the following assuming that both production levels are within the relevant range. (do not round intermediate calculations. round your answers to 2 decimal places.)
note: need to do each for 300,000 units and 400,000 units.
a. prime cost per unit
b. contribution margin per unit.
c. gross margin per unit.
d. conversion cost per unit.
e. variable cost per unit.
f. full absorption cost per unit.
g. variable production cost per unit
h. full cost per unit.

Ming chen began a professional practice on june 1 and plans to prepare financial statements at the end of each month. during june, ming chen (the owner) completed these transactions. a. owner invested $61,000 cash in the company along with equipment that had a $25,000 market value. b. the company paid $1,900 cash for rent of office space for the month. c. the company purchased $15,000 of additional equipment on credit (payment due within 30 days). d. the company completed work for a client and immediately collected the $2,100 cash earned. e. the company completed work for a client and sent a bill for $7,000 to be received within 30 days. f. the company purchased additional equipment for $5,500 cash. g. the company paid an assistant $3,000 cash as wages for the month. h. the company collected $5,200 cash as a partial payment for the amount owed by the client in transaction e. i. the company paid $15,000 cash to settle the liability created in transaction c. j. owner withdrew $1,500 cash from the company for personal use. required: enter the impact of each transaction on individual items of the accounting equation. (enter decreases to account balances with a minus sign.)

When slick heating company switched to an activity based costing system, it realized that it was allocating a much lower percentage of factory overhead to a product line that the marketing department was trying to push. the product line may contain which type of products?

The cook corporation has two divisions--east and west. the divisions have the following revenues and expenses: east west sales $ 603,000 $ 506,000 variable costs 231,000 300,000 traceable fixed costs 151,500 192,000 allocated common corporate costs 128,600 156,000 net operating income (loss) $ 91,900 $ (142,000 ) the management of cook is considering the elimination of the west division. if the west division were eliminated, its traceable fixed costs could be avoided. total common corporate costs would be unaffected by this decision. given these data, the elimination of the west division would result in an overall company net operating income (loss)