What is the fixed costs per month
Lansbury Manufacturing produces hair brushes. The selling price is $20 per unit and the variable costs are $8 per brush. Fixed costs per month are $4,800. If Lansbury sells 25 more units beyond breakeven, how much does profit increase as a result?
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California Surplus Inc. qualifies to use the installment-sales method for tax purposes and sold an investment on an installment basis. The total gain of $75000 was reported for financial reporting purposes in the period of sale.
In 2010 Toni purchased 100 shares of common stock in Blue Corporation for $5,280. In 2011, Blue declared a stock dividend of one share of its common stock for each 10 shares held. This year, 2012, Blue's shares of the Blue corporation stock if bot
Robert Haddon contributed $70,000 in cash and land worth $130,000 to open a new business, RH Consulting. Which of the following general journal entries will RH Consulting make to record this transaction?
Lakshmi is single and provides you with the following tax information for 2012 Salary $200,000 Bank account interest $1,000 Capital gain on an asset held for 11 months 4,000 Capital gain on an asset held for 16 months 9,000.
In year 4, the company's variable costing net operating income was $240,000 and its absorption costing net operating income was $267,000. Did inventories increase or decrease during Year 4?
Benson Company provides the following information: Sales, $24,000; Net Income, $5,000; Current Assets, $12,00; Current Liabilities, $8,000. What is the company's gross profit margin? a. $19,000 b. 79% c. 1.5 to 1 d. Unable to determine e. None of
Krispy & Co manufactures a single product that goes through two processes, mixing and cooking. The following data are for the mixing department for June. Work-in process inventory.
Show all calculations and answers in organized way. Adam Beck Chemical Co. uses an average cost processing system. All materials are added at the start of the production process.
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