15. Dynamic Company had sales of P1,500,000, fixed costs of P400,000 and variable costs of P900,000. What would be the amount of the sales pesos at the break-even point? Your power
Q: Entries for issuing par stock Instructions Chart of Accounts Instructions Journal Final Question On…
A: Common Stock :— It is one of the source of capital that is issued to shareholders for ownership…
Q: Required information Use the following information for the Quick Studies below. (Algo) [The…
A: calculation of annual dollar change and percentage changes are as follows
Q: A product currently sells for $16 per unit. The variable costs are $8 per unit, and 10,000 units are…
A: Break-Even point = Fixed cost / Contribution…
Q: ts accounting policy calls for inventory purchases to be recorded net of any discounts offered.…
A: Journal entries are those entries that involve the day-to-day transactions or events of a company…
Q: Equivalent Units of Production The following information concerns production in the Baking…
A: Equivalent unit means the total number of units that are supposed to be produced using the same…
Q: arris Fabrics computes its plantwide predetermined overhead rate annually on the basis of direct…
A: Answer : Predetermine overhead rate : Predetermine overhead rate = Fixed manufacturing rate +…
Q: Mastery Problem: Cost-Volume-Profit Analysis Answer this question please Question Content Area…
A: Hi student Since there are multiple questions, we will answer only first question. Fixed costs are…
Q: 2. If you could relate materiality, disclosure, and conservatism to types of measure- ments…
A: You may find out how accurately variables are recorded using levels of measurement, also known as…
Q: Critically discuss how organisations develop cumulative budgeted costs.
A: Organizations allocate resources to many departments and projects to create cumulative budgeted…
Q: onsider the following information for Sanchez Corporation for the year ended December 31, 2022.…
A: The question is based on the concept of Cost Accounting. Cost of goods manufactured is…
Q: Following is a list of account balances (except for owner's capital) of Wilson Mowing Service as of…
A: Total liabilities are the dues owned by the firm. These can long term liabilities and current…
Q: Question 1. Once a union is in existence, in accordance with the National Labor Relations Act,…
A: Answer:- Collective bargaining meaning:- The process through which an employer and a group of…
Q: March April May June 11,000 13,000 10,500 9,000 Wright maintains an ending inventory for each month…
A: A budget is an estimation of income and expenditures on the basis of past performance or industry…
Q: Accounting Bosco Corp. uses a process costing system. Beginning inventory for January consisted…
A: Introduction: Using a process costing technique, costs are compounded when numerous comparable goods…
Q: Hare, Inc., had a cost of goods sold of $43,921. At the end of the year, the accounts payable…
A: Accounts payable (AP) are monies owed to vendors or suppliers for products or services not yet paid…
Q: How To Register as a New Taxpayer With BIR Form 1902? using flowchart
A: The BIR Form 1902 is a form that is used in the Philippines. The primary purpose of this form is to…
Q: If NZ$=A$0.75 and A$1=£0.5 then what is the £/$NZ exchange rate? A. NZ$1 = £0.5 B. NZ$1 = £0.75 C.…
A: Cross Rates in Forex :— A cross rate is a foreign currency exchange transaction between two…
Q: 1. has After moving, a homeowner's annual insurance premium increased from $480 to $710 per year.…
A: There are two questions asked and we are authorized to solve only one question under a multiple…
Q: The purchase price for an acquisition is $5,000,000. The buyer pays $15,000 for lender required…
A: Capital expenditure refer to that expenditure which is incurred by a business for its long term…
Q: determine the following ratios for both companies, then based on the information analvze and compare…
A: Ratio Analysis :— Ratio analysis is the process of Determination and Interpretation numerical…
Q: On September 1, 20X1, True North Ltd., a Canadian company, entered into an agreement with Langdon…
A: Given: - On September 2, spot rate: -$3.60 forward rate: -$3.64 On December 31, spot rate: -$3.63…
Q: What is variable costing? How does it differ from absorpotion costing? Which can better be used to…
A: Variable Costing is a costing method where variable expenses change in proportion with production.…
Q: The following cost data relate to the manufacturing activities of Chang Company during the just…
A: Over Applied and Under Applied of Manufacturing OH :— Under applied overhead is the opposite of…
Q: Belinda Furniture approached Melinda Accounting Services to audit its financial report for the year…
A: The purpose of any audit engagement is to provide audit opinion over the financial…
Q: So I have to finish the Cost of production Report, as you can see I need help with the cost sections…
A: Prepared cost production report of the White diamond flour company based on information given. I…
Q: Oslo Company prepared the following contribution format income statement based on a sales volume of…
A: Introduction: The operating leverage of a company is calculated by dividing its fixed costs by its…
Q: 1. Using the accounts below, prepare a basic Balance Sheet. All accounts will be used once; refer to…
A: Balance Sheet :— It is one of the financial statement that shows list of final balances of assets,…
Q: orres Corp. estimates its sales returns at the end of each month. On December 1, 2022, Torres…
A: Sales account in the books of accounts of the business is prepared for posting all the sales…
Q: ABC Pty Ltd is a newly established small training organisation that provides private tuition…
A: The closing balance in accounting refers to the amount of funds available to a business at the end…
Q: 36. Below are the data provided to you by Nicanor, a top withholding agent for the month of May…
A: Expanded withholding tax (EWT): This tax is applicable on the payment of income. this tax is…
Q: Prepare a statement of stockholders equity for the year ended June 30 20Y3. During the ended June…
A: Part 1:
Q: A restaurant selling hamburgers has fixed costs of $11,975 and sells the burgers for $4.50 each. The…
A: Break even is the point at which a business is neither in profits nor in losses. It is the point at…
Q: During the current year, Mr. X sold a building he bought in 1986 to XY Corporation for use in its…
A: The correct answer is option - A) $35,000 short term capital gain .
Q: Given the following projected contri income statement for the coming y Sales (100 units) P10.000
A: Answer : Operating income if only 80 units will be sold : Selling price per unit = 10,000 / 100 =…
Q: Identify two ways in which a contribution margin income statement differs in format from a…
A: Contribution margin income statements are those that reflect the contribution amount that remains…
Q: GASB pronouncements
A: The real source of generally accepted accounting principles is Governmental Accounting Standards…
Q: 4. How much is the increase in operating income if 150 units will be sold instead of 100 units?
A: Operating Income Operating income is the adjusted revenue of a business after all operating costs…
Q: Problem Compute for the equivalent units of production in each of the following cases: Case A In…
A: I'm using weighted average method because it is commonly used. Weighted Average Method :— Under…
Q: The following is the post-closing trial balance for the Whitlow Manufacturing Corporation as of…
A: Trial balance is the statement which is prepared to show the balances of all the ledger accounts in…
Q: Wendle Corp. produces memory enhancement kits for DVR machines. Sales have been very erratic, with…
A: Disclaimer: “Since you have posted a question with multiple sub-parts, we will solve the first three…
Q: During 2020, Stephanie received $16,000 in wages, $3,500 in unemployment benefits, and $500 in…
A: The business income for net operating income (NOI) would include only the income related to the…
Q: (Issuance and Conversion of Bonds) For each of the unrelated transactions described below, present…
A: Account Debit Credit Personal Accounts The Receiver The Giver Real Accounts What…
Q: If cash is $5450, accounts receivable is $10059,notes payable is $5285, common stock is $1161 how…
A: Retained earnings is the amount which is retained or kept by the entity out of the net profits…
Q: he question is required to answer year by year. Meaning separately 2016 quick ratio, 2017 quick…
A: Current Ratio - Current Asset / Current Liability This Ratio suggest whether the company has…
Q: Prepare the acquisition analysis on 1 January 2022. Prepare the consolidation worksheet entries for…
A:
Q: 3) Prepare a Statement of Retained Earnings for the year ended December 31, 2021
A: Statement of retained earnings is the part of balance sheet. To prepare the statement need the…
Q: Pab Corporation decided to establish Sollon Company as a wholly owned subsidiary by transferring…
A: A journal entry is a form of accounting entry that is used to report a business transaction in a…
Q: The following data on several transactions of ABC company for 2017 is available below. A company…
A: Income statement refers to the statement which is prepared by the company at the end of period along…
Q: rchased a new car in Jan 2022 which cost $60k. The car is his main vehicle for the year which he…
A: AGI stands for Adjusted gross income and refers to the gross income gained by an entity after…
Q: Flint Hills, Incorporated has prepared a year-end 2024 trial balance. Certain accounts in the trial…
A: The adjusting entries are prepared at the end of the accounting period. These entries help to ensure…
Step by step
Solved in 3 steps
- 4. Dynamic Corp. had sales of P1,500,000, fixed costs of P400,00 and variable cost of P900,000. What would be the amount of the sales pesos at breakeven point? a. P1,000,000 b. P1,200,000 c. P1,500,000 d. P1,800,000 5. Refer to question No. 4. How much should the sales be in order to produce a net income of P300,000? a. P2,500,000 b. P2,250,000 c. P2,000,000 d. P1,750,000Currently, a company has fixed costs of P32,500, a contribution ratio of 65%, and is selling its product for P12 per unit. If the sales price per unit is increased by P4, how much less will the break-even point in sales be when compared to the current condition? a.P14,411 b.P13,414 c.P17,500 d.P 5,932Company XY Sales are 6 800 000 € and fixed costs are 2 400 000 €. Variable costs are 4 284 000 €. Calculate, what should company’s sales be if profit should be 60 500 € and you assume that contribution margin (%) is same as earlier?
- Q3. Brainteaser Company Ltd has existing sales of INR 1,400 lakhs. Its breakeven sales amount to 60% of its existing sales and the variable costs amount to two and a half times that of contribution, the existing profit of the organization (in INR lakhs) would amount to? Compute the existing profit of the company and show your workings clearly.Given the selling price at P120 per unit; contribution margin at 25% and fixed cost at P250,000, the total variable expenses at the breakeven point would be? c. P 450,000 d. P 250,000 a. P 350,000 b. P 750,000Galactica Company has fixed costs of P100,000 and breakeven sales of P800,000. Based on this relationship, what is its projected profit at P1,200,000 sales?
- 11 .Del Co. has fixed costs of P100,000 and break-even sales of P800,000. What is the projected profit at P1,200,000 sales? a. P50,000 b. P150,000 c. P200,000 d. P400,000 e. None of these; answer isA company's breakeven sales (BES) is P 600,000. If fixed costs would increase by 10% of this BES, such BES would increase by 40%. a. What is the company's variable cost ratio b. How much is fixed costs of the new BES level?A Company has Sales of P1,457,900, a Contribution Margin Ratio of 35%, and Margin of Safety of P224,000. Required: * how much is Sales at Break-Even Point?* how much is the Fixed Cost?
- An organization's break-even point is 4,000 units at a sales price of P50 per unit,variable cost of P30 per unit, and total fixed costs of P80,000. If the companysells 500 additional units, by how much will its profit increase? A. P25,000B. P15,000C. P10,000D. P12,0002. A company provided the following information: Sales Variable costs Fixed costs P500,000 P100,000 P200,000 | Required: A. What is the contribution margin ratio? 500,000 – 100,000 = 400,000 "Contribution Margin" 400,000/500,000 = 0.8 What is the level of sales in amount necessary to generate a profit of P40,000? C. What is the contribution margin ratio if the sales price is increased by 10%? Using the information in part C, what level of sales in amount is necessary to generate a profit of P40,000? D. B.A company manufactures and sells a single product whose selling price is P500 and whose variable expense is P300 per unit. The company’s monthly fixed expense is P120,000. Required:1. Solve for the unit sales that are required to earn a target profit of P80,000. 2. If the company wants to earn a profit of P200,000, how much should be the sales revenue?