What percent are variable costs of sales
Aero, Inc. requires sales of $2,000,000 to cover its fixed costs of $700,000 and to earn net income of $200,000. What percent are variable costs of sales?
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The sales mix is 30% and 70% (Q-Chip Plus). Q-Chip has variable costs per unit of $36 and a selling price of $60. Q-Chip Plus has variable costs per unit of $42 and a selling price of $78.
Explain the procedures of apportionment of overhead expenses through departmentalization with the help of practical examples.
MacCloud Industries has two divisions-Standard and Premium. Each division has hundreds of different types of tennis racquets and tennis products. The following information is available.
The machine has an expected useful life of five years and anestimated salvage value of $3,000. Leslie Company uses straight-line depreciation for all of its depreciable assets.
Prepare an income statement, statement of retained earnings , non-classified, in order of liquidity, balance sheet , and statement of cash flows (indirect method.) for Tyler's first year in business .
Prepare the journal entry to issue the bonds on July 1, 2008and prepare the journal entry to record the first interest payment and the amortization of the discount on December 31, 2008.
Prepare a bond interest expense and premium ammorization schedule using the straight-line method. Prepare the journal entries to record the interest payments on Junne 30, 2007 and December 31, 2007, using both methods.
Murphy Company produces flash drives for computers, which it sells for $20 each. Each flash drive costs $8 of variable costs to make. During April, 700 drives were sold.
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