Harris Companys faxed overhead costs are $4 per unit, and its variable overhead costs are $8 per
Question:
Harris Company’s faxed overhead costs are $4 per unit, and its variable overhead costs are $8 per unit. In the first month of operations, 50,000 units are produced, and 46,000 units are sold. Write a short memo to the chief financial officer explaining which costing approach will produce the higher income and what the difference will be.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 63% (11 reviews)
MEMO ToChief financial officer From ABC ReAbsorption and variable c...View the full answer
Answered By
Shubhradeep Maity
I am an experienced and talented freelance writer passionate about creating high-quality content. I have over five years of experience working in the field and have collaborated with several renowned companies and clients in the SaaS industry.
At Herman LLC, an online collective of writers, I generated 1,000+ views on my content and created journal content for 100+ clients on finance topics. My efforts led to a 60% increase in customer engagement for finance clients through revamping website pages and email interaction.
Previously, at Gerhold, a data management platform using blockchain, I wrote and published over 50 articles on topics such as Business Finance, Scalability, and Financial Security. I managed four writing projects concurrently and increased the average salary per page from $4 to $7 in three months.
In my previous role at Bernier, I created content for 40+ clients within the finance industry, increasing sales by up to 40%.
I am an accomplished writer with a track record of delivering high-quality content on time and within budget. I am dedicated to helping my clients achieve their goals and providing exceptional results.
5.00+
1+ Reviews
10+ Question Solved
Related Book For
Accounting Principles
ISBN: 978-1118875056
12th edition
Authors: Jerry Weygandt, Paul Kimmel, Donald Kieso
Question Posted:
Students also viewed these Managerial Accounting questions
-
In its first month of operations Rusch BBQ made three purchases of sausages in the following sequence: (1) 300 pounds at $6, (2) 400 pounds at $7, and (3) 200 pounds at $8. Assuming there are 450...
-
The following information is available for the first month of operations of Url Inc., a manufacturer of art and craft items: Sales $1,200,000 Gross profit 320,000 Indirect labor 110,000 Indirect...
-
The following information is available for the first month of operations of Enders Company, a manufacturer of mechanical pencils: Sales ................. $630,000 Gross profit .............. 370,000...
-
Roles define the manager. Do you agree or disagree with this statement? Discuss what you think managers do.
-
Jones Contractors Inc. agreed to construct a building for 5300,000. Construction commenced in 2011 and was completed in 2013. Data relating to the contract are summarized below: Required: a. For each...
-
A A A B B B B B A A A A A A A Use the given sequence to determine the values of n1 n2, the number of runs G, and the 5% cutoff values from Table A-10.
-
What are the advantages and disadvantages of judgmental sampling?
-
Which brand is this consumer least likely to purchase? Discuss two ways the marketer of this brand can enhance consumer attitudes toward purchasing its brand. One way consumers can evaluate...
-
Retained earnings, July 31, 2020 $ 36,300 Cost of goods sold $ 137,400 Accounts receivable 28,300 Cash 26,000 Net revenues Total current liabilities All other expenses Other current assets Other...
-
1. Take a position either for or against the following statement: To prepare for disasters, you should stockpile inventory, other critical supplies, and raw materials. 2. Think of Heinzs (H. J. Heinz...
-
For Wesland Company, a mixed cost is $15,000 plus $18 per direct labor hour. Diagram the behavior of the cost using increments of 500 hours up to 2,500 hours on the horizontal axis and increments of...
-
Presto Corp. had total variable costs of $180,000, total fixed costs of $110,000, and total revenues of $300,000. Compute the required sales in dollars to break even.
-
Find the sum of the complex numbers in the complex plane. 1. (3 + i) + (2 + 5i) 2. (5 + 2i) + (3 + 4i) 3. (8 2i) + (2 + 6i) 4. (3 i) + (1 + 2i) 5. 6. Imaginary axis ,(5, 6) 6- Real axis -2+(1, 1) 6...
-
Using HTML and CSS, design the following page: ID Must be unique. (Cannot be changed once set) First Name Last Name Salary AddEmployee Accept Bonus Department Hire Date Phone Number Email MM/DD/YYYY...
-
Given the following circuit where I = 12.17 mA, I = 3.59 mA and 13 -4.39 mA, what is l? R2 >R3 Vs Answer: OmA
-
Based on the commentary, readings, and your professional experience: Identify at least three examples of decisions that an HR professional should make which will likely harm a company's bottom line...
-
1. Brief history of Kmart 2. Kmart leaders made bad decisions: 2a. What bad decision was made that brought the company into trouble? 2b. What could the company have done to protect itself from these...
-
How can you successfully motivate people to work in teams?Give specific examples How does friction play a part in shaping and developing teams?Give specific examples. How can you apply this in your...
-
A specialist sandwich retailer must order sandwiches at least eight hours before they are delivered. When they arrive in the shop, they are immediately displayed in a temperature-controlled cabinet....
-
Huntingdon Capital Corp. is a competitor of Plazacorp and First Capital Realty. Huntingdon reported the following selected information (in millions):...
-
The images show two contrasting coffee machines. Analyse the context for which these were designed by responding to the five W questions Who? What? Where? When? Why?
-
Medlen Company has the following account balances at December 31, 2014. Notes payable ($60,000 due after 12/31/15) ....... $100,000 Unearned service revenue .............. 70,000 Other long-term debt...
-
In January, gross earnings in Burrell Company were $80,000. All earnings are subject to 7.65% FICA taxes. Federal income tax withheld was $14,000, and state income tax withheld was $1,600. (a)...
-
In January, the payroll supervisor determines that gross earnings for Carlyle Company are $120,000. All earnings are subject to 7.65% FICA taxes, 5.4% state unemployment taxes, and 0.8% federal...
-
3. a. b. Solve the system by inverting the coefficient matrix and using Theorem 1.6.2 of the textbook. -x-2y-32 = 0 w+x+4y+4z = 7 w+3x+7y+9z = 4 -w-2x-4y - 6z = 6 Determine conditions on the b's, if...
-
1. If 5,000 earns Php86.00 interest in 15 months, how much is the rate of interest? 2. If the interest rate is 7.5% per year and the principal is Php2,500, determine the amount of interest for 20...
-
Given no change to the 0.8 percent chance that any women have breast cancer, and given that positive mammogram effectiveness is increased from 90% , and given that the false positive rate is...
Study smarter with the SolutionInn App