Business, 05.03.2021 02:40 babygirl77733
Check my workCheck My Work button is now enabledItem 1 The following costs result from the production and sale of 4,800 drum sets manufactured by Tight Drums Company for the year ended December 31, 2019. The drum sets sell for $330 each. The company has a 25% income tax rate. Variable production costs Plastic for casing $ 158,400 Wages of assembly workers 470,400 Drum stands 201,600 Variable selling costs Sales commissions 148,800 Fixed manufacturing costs Taxes on factory 7,000 Factory maintenance 14,000 Factory machinery depreciation 74,000 Fixed selling and administrative costs Lease of equipment for sales staff 14,000 Accounting staff salaries 64,000 Administrative management salaries 144,000 Required: 1. Prepare a contribution margin income statement for the year. 2. Compute its contribution margin per unit and its contribution margin ratio. 3. For each dollar of sales, how much is left to cover fixed costs and contribute to operating income
Answers: 2
Business, 22.06.2019 16:00, bossboybaker
Analyzing and computing accrued warranty liability and expense waymire company sells a motor that carries a 60-day unconditional warranty against product failure. from prior years' experience, waymire estimates that 2% of units sold each period will require repair at an average cost of $100 per unit. during the current period, waymire sold 69,000 units and repaired 1,000 units. (a) how much warranty expense must waymire report in its current period income statement? (b) what warranty liability related to current period sales will waymire report on its current period-end balance sheet? (hint: remember that some units were repaired in the current period.) (c) what analysis issues must we consider with respect to reported warranty liabilities?
Answers: 1
Business, 22.06.2019 17:30, gabedafame26
Palmer frosted flakes company offers its customers a pottery cereal bowl if they send in 3 boxtops from palmer frosted flakes boxes and $1. the company estimates that 60% of the boxtops will be redeemed. in 2012, the company sold 675,000 boxes of frosted flakes and customers redeemed 330,000 boxtops receiving 110,000 bowls. if the bowls cost palmer company $3 each, how much liability for outstanding premiums should be recorded at the end of 2012?
Answers: 2
Business, 22.06.2019 22:50, kelseeygee
What is the difference between the contractual interest rate and the market interest rate?
Answers: 1
Check my workCheck My Work button is now enabledItem 1 The following costs result from the productio...
Mathematics, 15.04.2021 17:00
History, 15.04.2021 17:00
Social Studies, 15.04.2021 17:00
Mathematics, 15.04.2021 17:00