Milden Company is a merchandiser that plans to sell 29,000 units during the next quarter at a selling price of $57 per unit. The company also gathered the following cost estimates for the next quarter: Cost Cost Formula Cost of good sold $27 per unit sold Advertising expense $177,000 per quarter Sales commissions 6% of sales Shipping expense $75,000 per quarter + $4.00 per unit sold Administrative salaries $87,000 per quarter Insurance expense $9,700 per quarter Depreciation expense $57,000 per quarter Required: 1. Prepare a contribution format income statement for the next quarter. 2. Prepare a traditional format income statement for the next quarter.
Answers: 1
Business, 21.06.2019 17:10, candaceblanton
Titus manufacturing, inc. provided the following information for the year: purchases - direct materials $91,000 plant utilities and insurance 68,000 indirect materials 11,170 indirect labor 4270 direct materials used in production 99,000 direct labor 117,500 depreciation on factory plant & equipment 4000the inventory account balances as of january 1 are given below. direct materials $44,000 work-in-progress inventory 10,000 finished goods inventory 50,000what is the ending balance in the direct materials account? $135,000 $36,000 $110,170 $6000
Answers: 3
Business, 22.06.2019 07:30, ingle75
Fill in the missing words to correctly complete each sentence about analyzing a job posting. when reviewing a job posting, it’s important to check theto determine whether it’s worth your time to apply. if the post has been up for a while or it’s already closed, move on to the next position. if it’s still available, take note of when it closes so you’ll know when you mayfrom the company in regard to an interview.
Answers: 1
Business, 22.06.2019 11:40, avagracegirlp17zx2
On january 1, 2017, sophie's sunlounge owned 4 tanning beds valued at $20,000. during 2017, sophie's bought 3 new beds at a total cost of $14 comma 000, and at the end of the year the market value of all of sophie's beds was $24 comma 000. what was sophie's net investment
Answers: 3
Business, 23.06.2019 09:00, alexandrecarmene
Jonathan’s class has 30 boys. of the students in his class, 60% are girls. how many girls are in jonathan’s class? (a)75 (b)60 (c)45 (d)20
Answers: 1
Milden Company is a merchandiser that plans to sell 29,000 units during the next quarter at a sellin...
English, 22.04.2021 15:30
Mathematics, 22.04.2021 15:30
Mathematics, 22.04.2021 15:30
Mathematics, 22.04.2021 15:30
Mathematics, 22.04.2021 15:30