Finch Corporation incurs the following annual fixed costs. Item Cost Depreciation $ 53,000 190,000 Officers' salaries...
Fantastic news! We've Found the answer you've been seeking!
Question:
Transcribed Image Text:
Finch Corporation incurs the following annual fixed costs. Item Cost Depreciation $ 53,000 190,000 Officers' salaries Long-term lease Property taxes 85,000 10,000 Required Determine the total fixed cost per unit of production, assuming that Finch produces 2,000, 2,500, or 3,000 units. (Round your answers to 2 decimal places.) Units Produced 2,000 2,500 3,000 Fixed cost per unit Finch Corporation incurs the following annual fixed costs. Item Cost Depreciation $ 53,000 190,000 Officers' salaries Long-term lease Property taxes 85,000 10,000 Required Determine the total fixed cost per unit of production, assuming that Finch produces 2,000, 2,500, or 3,000 units. (Round your answers to 2 decimal places.) Units Produced 2,000 2,500 3,000 Fixed cost per unit
Expert Answer:
Answer rating: 100% (QA)
Answer Units Produced 2000 2500 3000 Fixed Cost per unit 16900 13520 11267 Calcu... View the full answer
Related Book For
Fundamental Managerial Accounting Concepts
ISBN: 978-0078110894
6th Edition
Authors: Edmonds, Tsay, olds
Posted Date:
Students also viewed these accounting questions
-
Henke Corporation incurs the following annual fixed costs: Required Determine the total fixed cost per unit of production, assuming that Henke produces 4,000, 4,500, or 5,000 units. Item Cost $...
-
Miranda Corporation incurs the following annual fixed production costs .:. Required Determine the total fixed production cost per unit if Miranda produces 10,000, 20,000, or 50,000 units. Item Cost $...
-
The Parr Corporation incurs the following expenses. When can it deduct the expenses if it uses the accrual method of accounting? the cash method? a. Parr Corporation mails a check for $5,000 to the...
-
Which of the following are valid in a Java file, listed in the order in which they are declared? (Choose two.) A. A package-private class declaration and a public interface declaration B. Two package...
-
Pratt Industries owes First National Bank $5 million but, due to financial difficulties, is unable to comply with the original terms of the loan. The bank agrees to settle the debt in exchange for...
-
A torque of 50 Nm is required to rotate the paddle wheel shown in Fig. 6.47 at 60 rad/s. If it rotates for 2 minutes during which time 200 kJ of heat is transferred to the air from a reservoir,...
-
Debit-to-Equity Ratio Calculate the company's 2019 debt-to-equity ratio and compare the result to the industry average. Use the following financial data for Brenner Instruments Sales revenue.. Cost...
-
Farrior Fashions needs to replace a beltloop attacher that currently costs the company $40,000 in annual cash operating costs. This machine is of no use to another company, but it could be sold as...
-
Bandar Industries manufactures sporting equipment. One of the company's products is a football helmet that requires special plastic. During the quarter ending June 30, the company manufactured 3,200...
-
Eruptions of the Old Faithful geyser in Yellowstone National Park typically last from 1.5 to 5 minutes. Between eruptions are dormant periods, which typically last from 50 to 100 minutes. A dormant...
-
Wintertime Inc. reported the following operating results for its three divisions: Parkas, Scarfs, and Gloves. Parkas Scarfs Gloves Sales $600,000 $500,000 $300,000 Net operating income $150,000...
-
Consider Arizona Microbrewery, Inc. ( AMI ) from Session # 6 . Suppose AMI has 1 0 0 incremental machine hours available to produce beers. By how much does total contribution margin increase from...
-
Can you please provide some guidance on how to balance this unadjusted trial balance? What is missing to balance this; Cash in bank $770 Accounts Receivables $1,480 Office Supplies $3,310 Equipment...
-
Honey Ltd sold goods to Customer K on 18 May 2023 with the condition that it must install the goods at the premises of the customer. The installation (including testing) will require three days and...
-
The Australian reports that one of Australia's top accounting firms says corporate annual reports are becoming too long and wants IFRS trimmed. Company representatives say that while IFRS has...
-
Jane is awaiting the payment of an insurance refund for $160 for a damaged laptop screen. The laptop repair has already been paid for, so a journal needs to be entered for the accrued income. Enter a...
-
Q8Q10 are based on the context described here - A local winery wants to sell its wine through a grocery retailer. On average, 1000 consumers pass through the store's wine aisle each week. The winery...
-
The following table shows the rates of total return in successive years from 2004 to 2008 for the Sprott Canadian Equity Fund and for the benchmark Toronto Stock Exchange S&P/TSX Composite Index. By...
-
On October 31, 2012, Henderson Companys total current assets were $65,000 and its total current liabilities were $20,000. On November 1, 2012, Henderson purchased marketable securities for $10,000...
-
Osmond Manufacturing Company produces a single product. The following data apply to the standard cost of materials and labor associated with making the product. During the year, the company made...
-
Determining cash flows from financing activities On January 1, 2011, Parker Company had a balance of $120,000 in its Common Stock account. During 2011, Parker paid $18,000 to purchase treasury stock....
-
If a price floor was set at the current equilibrium price, which of the following would cause a surplus as a result? a. an increase in demand b. a decrease in demand c. an increase in supply d. a...
-
What are price floors?
-
An increase in demand results in a(n) _________ equilibrium price and a(n) _________ equilibrium quantity.
Study smarter with the SolutionInn App