Determine the amount of fixed cost from the following: Sales=1,200,000 Variable cost=$800,000 profit=$350,000

Fantastic news! We've Found the answer you've been seeking!

Question:

Determine the amount of fixed cost from the following:

Sales=1,200,000

Variable cost=$800,000

profit=$350,000

Related Book For answer-question

Fundamental Managerial Accounting Concepts

ISBN: 978-0078025655

7th edition

Authors: Thomas Edmonds, Christopher Edmonds, Bor Yi Tsay, Philip Old

See More Books

Posted Date: Dec 20, 2022 02:01 AM

See More Questions

Determine the amount of Mg2Al3 () expected to form in a 5182-O aluminum alloy. (See Figure 14-2)
Determine the amount of power absorbed or supplied by the element shown if (a) V1 = 4v, I = 2A (b) V1 = -4v, I = -2A
Determine the amount of power absorbed or supplied by the element shown if (a) V1 = -6V, I = 3A (b) V1 = 6V, I = -3A The diagram is included in the solution.
Stock Valuation While it comes to investing, picking the right stock plays a crucial role. Careful research and patience are needed. One needs to check several aspects of the company before...
Suppose the following financial information (in millions) is from the 2014 annual reports of Redbird Sportswear and The Carwright Company. Instructions Calculate the accounts receivable turnover and...
An experiment consists of selecting a car at random from a college parking lot and observing the color and make. Let E be the event "the car is red," F be the event "the car is a Chevrolet," G be the...
Which of the following items should be recorded as other comprehensive income? (a) Foreign currency translation effects. (b) Extraordinary gains and losses. (c) Realized gains and losses. (d) All of...
You are a manager at Spacely Sprockets??a small firm that manufactures Type A and Type B bolts. The accounting and marketing departments have provided you with the following information about the...
company's products, a platinum diving watch, goes through an etching process. The company has recorded etching costs as follows over the last six weeks: Total Etching Cost Week Units 123456 11 $ 22...
If you construct a bond portfolio with five 6% coupon (semiannual payment), duration of 2.79 years, 3-year maturity bond sells at par ($1,000) and six 1-year zero coupon bond sells for $950. (a)...
Equation 1: 8 = 0.29 +0.9rgdp60, +2.43 tradeshare; (0.60) (0.09) (0.78) R0.14; R0.11;n - 65 Equation 2: 8 = 0.49 -0.47 rgdp60, +1.56 tradeshare, +0.57 yearsschool, -2.16 rev & coups; + 0.35 assa sin...
Have you, or do you know somebody who, found wrongdoing at a company? If not at a company, how about in one of your classes? What actions were taken and why? Looking back at what was done, was that...
As an IT professional, It is required to speak with others either face to face, by phone, or in virtual meetings. Provide 2 examples of verbal communication. What form were your communications in...
Think about a strategy for sharing the story Brown Bear, Brown Bear and Five Little Monkeys Jumping on the Bed with young children. How would you present this story to a child? What would you change...
Research and select three examples of professional business memos for communication. Select three that you think reflect the qualities you would like to see in your own work. Then, address the...
Societal Impacts of Global Business: Explain how the global expansion of organizations has impacted society, citing specific examples regarding culture, transportation, employment, infrastructure,...
Question Assumption Total Fixed Cost $3,150 Sale Volume 175 units 180 units 195 units 200 units : Calculate the Operating Income 225 units 320 units Contribution Margin per unit $27 $27 $27 $27 $27...
Match each of the key terms with the definition that best fits it. _______________ A record of the sequence of data entries and the date of those entries. Here are the key terms from the chapter. The...
Lallone Company makes fine jewelry that it sells to department stores throughout the United States. Lallone is trying to decide which of two bracelets to manufacture. Cost data pertaining to the two...
Use the financial statements for Revnik Company from Problem 13-17A to perform a vertical analysis of both the balance sheets and income statements for 2015 and 2014. Round computations to two...
Koch Construction Company began operations on January 1, 2015, when it acquired $15,000 cash from the issuance of common stock. During the year, Koch purchased $3,000 of direct raw materials and used...
Diehl Cleaners has the following statement of financial position items. Instructions Classify each item as an asset, liability, or equity. Analyze the effect of transactions. Accounts payable Cash...
Erin Danielle, the bookkeeper for Liverpool Ltd., has been trying to determine the correct statement of financial position for the company. The companys statement of financial position is shown...
Which of the following is true? a. Financial frauds have not occurred in U.S. companies because GAAP has detailed accounting and disclosure requirements. b. Transaction analysis is basically the same...

Determine the amount of fixed cost from the following: Sales=1,200,000 Variable cost=$800,000 profit=$350,000

Question:

Expert Answer:

Solution Calculation of fi... View the full answer

Fundamental Managerial Accounting Concepts

Students also viewed these accounting questions