A firm operated at 80% of capacity for the past year, during which fixed costs were $210,000,
Question:
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 71% (14 reviews)
Sales 1000000 Fixed cost 210000 Variable cost 65x1000000 650000 Total co...View the full answer
Answered By
HABIBULLAH HABIBULLAH
I have been tutor on chegg for approx 5 months and had solved a lot of questions.
5.00+
1+ Reviews
10+ Question Solved
Related Book For
Fundamentals of Financial Management
ISBN: 978-0324302691
11th edition
Authors: Eugene F. Brigham, Joel F. Houston
Question Posted:
Students also viewed these Cost Accounting questions
-
A firm operated at a net loss for the current year, but cash flow from operations was positive. How can this happen?
-
The firm operated at full capacity in 2002. During 2003, it expects sales to increase by 20 percent and dividends per share to increase to $ 1.10. Use the projected balance sheet method to determine...
-
The Yardman Company produces electric weed trimmers, among other products. The following standard costs per unit are associated with the trimmers: Normal activity of 60,000 hours was used as the...
-
It is possible to construct a nonparametric tolerance interval that is based on the extreme values in a random sample of size n from any continuous population. If p is the minimum proportion of the...
-
Use a graph to approximate the roots of the equation x2 4 x2 = 2 x. Then approximate the area bounded by the curve y = x2 4 x2 and the line y = 2 x.
-
A new law enacted by a state legislature requires every couple applying for a marriage license in the state attend a one hour video presentation before the wedding. The video presentation was created...
-
Differentiate between the different methods of valuing intellectual property. What are the main advantages and disadvantages of each valuation method?
-
Data on the physical inventory of Rhino Company as of December 31, 2012, are presented in the working papers. The quantity of each commodity on hand has been determined and recorded on the inventory...
-
Daisy Corp. has identified circumstances that warrant impairment testing on an intangible asset. Information on this asset is provided below: Trademark cost $3,200,000 Trademark accumulated...
-
Storage of perishable items is an important concern for many companies. One study examined the effects of storage time and storage temperature on the deterioration of a particular item. Three...
-
Write an animation program that implements the example two-dimensional rotation procedure of Section 5-1. An input polygon is to be rotated repeatedly in small steps around a pivot point in the xy...
-
A fast food chain store conducted a taste survey before marketing a new hamburger. The results of the survey showed that 70% of the people who tried this hamburger like it. Encouraged by this result,...
-
Consider the consumer choice example in this chapter, where consumption and leisure are perfect complements. Assume that the consumer always desires a consumption bundle where the quantities of...
-
Globalisation is a new phenomenon. a. True b. False
-
In organisations, occasionally the best intentions go horribly wrong. While all of these tools help us to understand why someone might behave in a certain manner or even how they prefer to interact,...
-
While much research has been done into person-job fit and personality, humans are complex and no one tool is comprehensive enough to determine whether a person is suitable for a particular role....
-
Discuss the concept of independence within the context of a financial audit. How is independence different for internal auditors?
-
How has the Sarbanes-Oxley Act affected internal controls?
-
Compute the internal rate of return for the cash flows of the following two projects: Project B Project A Year -$7,300 -$4,390 3,940 2,170 2,210 3,450 3 2,480 1,730
-
The baseball player A hits the ball from a height of 3.36 ft with an initial velocity of 34.8 ft/s. 0.14 seconds after the ball is hit, player B who is standing 15 ft away from home plate begins to...
-
A magnet in the form of a cylindrical rod has a length of 5.00 cm and a diameter of 1.00 cm. It has a uniform magnetization of 5.30 x 103 A/m. What is its magnetic dipole moment?
-
A 0.50 T magnetic field is applied to a paramagnetic gas whose atoms have an intrinsic magnetic dipole moment of 1.0 x 10-23 J/T. At what temperature will the mean kinetic energy of translation of...
-
A sample of the paramagnetic salt to which the magnetization curve of Figure applies is to be tested to see whether it obeys Curie's law. The sample is placed in a uniform 0.50 T magnetic field that...
-
A corporation issues 13 %, 15-year bonds with a par value of $570,000 and semiannual interest payments. On the issue date, the annual market rate for these bonds is 11%, which implies a selling price...
-
A production department reports the following conversion costs. Equivalent units of production for conversion total 436,000 units this period. Calculate the cost per equivalent unit of production for...
-
If you were asked whether a large university such as Tennessee or Michigan with a large seating capacity for their football stadiums should build a new football stadium, how would you respond and...
Study smarter with the SolutionInn App