Answer:
Instructios are listed below.
Explanation:
Giving the following information:
Laptops:
Selling price= $1,600
Cost per unit= $800
Sale mix= 40%
Tablets:
Selling price= $850
Cost per unit= $350
Sale mix= 60%
The estimated fixed costs for the current year are $2,498,600
A) Break-even point (units)= Total fixed costs / (weighted average selling price - weighted average variable expense)
Weighted average selling price= (1600*0.40) + (850*0.60)= $1,150
Weighted average variable expense= (800*0.40) + (350*0.60)= 530
Break-even point (units)= 2,498,600 / (1150 - 530)= 4,030 units
B) Laptops= 4030*0.40= 1,612 units
Tablets= 4030*0.60= 2,418 units
Answer:
See Explanation
Explanation:
(a)
Journal entry to record the transaction is,
Particulars Debit Credit
Land and Building (460000 + 520000) $980,000
Cash Paid $360,000
Mortgage Payable (980,000 - 360,000) $620,000
We assume that 4% interest is chargeable each semiannual payment and that each subsequent payment is charged 4% on the remaining amount of principal minus any preceding principal payments.
(b)
First installment = Principal + Interest payable
= 31,000 + (620,000 * 0.04) = $55,800
(c)
Second payment = 31,000 + [(620,000 - 31000) * 0.04] = $54,560
Since the chart of accounts is not provided you can confirm the the account headings.
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Answer:
XOXO
1. Predetermined Manufacturing Overhead (MOH) rate = estimated overhead divided by total direct labor = $4,600/460 = $10 per direct labor
2. Analysis of cost per set for Job 12:
Raw materials:
Electronic parts: 40 units at $20 per unit = $800
Plastic: 10 kilograms at $10 per kilogram 100
Labor hours: 60 hours at $25 per hour 1,500
Manufacturing overhead applied $10 per 600
labor hour
Total Cost $3,000
Divided by 30 sets = $100 per set
Explanation:
The manufacturing overhead rate is the rate at which overhead will be charged to the jobs completed as part of the cost of production. As an estimate, it can be overapplied or underapplied.
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Answer:
1. 80,000
2. $40 per barrel
Explanation:
1. As we can see from the table provided The equilibrium quantity in this market is 80,000 barrels of heating oil per day, as quantity demanded match quantity supplied
2. As we can see from the table provided The equilibrium price is $40 per barrel as in this cost there is an intersection of quantity demanded and quantity supplied. In other words the equilibrium price and quantity could be find out when the quantity demanded equal to quantity supplied