Question: question 1 Maxie Pty Ltd makes and sells two types of shoes, Plain and Fancy. Product data is as follows: Plain Fancy Unit selling price

question 1

Maxie Pty Ltd makes and sells two types of shoes, Plain and Fancy. Product data is as follows:

	Plain		Fancy
Unit selling price		$20.00		$35.00
Variable costs per unit		$12.00		$24.50

Sixty per cent of the sales in units are Plain and annual fixed expenses are $45 000 and the sales mix remains constant. Assume an income tax rate of 20 per cent. How many units of Plain (round to the nearest 100) must Maxie Pty Ltd sell to earn an after tax profit of $18 000?

8437

3960

7875

4500

Lawson Lumber uses the highlow method to estimate electricity cost, which varies in relation to machine hours. Based on the following data, how would the cost function be stated if X' is the number of machine hours?

Month Electricity expense Machine Hours

Jun $ 495 410

Jul $ 500 400

Aug $ 750 900

Sep $ 610 500

$500 + $0.5X

$470 + $0.4X

$300 + $0.5X

$525 + $0.4X

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock blur-text-image

Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock

Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!

Hi, can you please explain how they got the answer to the below question with working out and formula to use Maxie Pty Ltd makes and sells two types of shoes, Plain and Fancy. Product data is as...

Maxie Pty Ltd makes and sells two types of shoes, Plain and Fancy. Product data is as follows: Plain Fancy Unit selling price $20.00 $35.00 Variable costs per unit $24.50 $12.00 60% of the sales in...

The following information are related to Questions 9-12. Maxie Pty Ltd makes and sells two types of shoes, Plain and Fancy. Product data is as follows: Plain $20.00 $12.00 Fancy $35.00 Unit selling...

The following information are related to Questions 9-12. Maxie Pty Ltd makes and sells two types of shoes, Plain and Fancy. Product data is as follows: Plain Unit selling price Variable costs per...

Maxie Pty Ltd makes and sells two types of shoes, Plain and Fancy. Product data is as follows: Plain Fancy Unit selling price $20.00 $35.00 Variable costs per unit $12.00 $24.50 Sixty per cent of the...

Consider the following data. Maxie Pty Ltd makes and sells two types of shoes, Plain and Fancy. Product data is as follows: Plain Fancy $35.00 Unit selling $20.00 price Variable $12.00 costs per unit...

Plain Fan Unit selling price $20.00 Variable costs per unit $12.00 $24.50 Maxie Pty Ltd makes and sells two types of shoes, Plain and Fancy. Product data is as above: Sixty per cent of the sales in...

. Pepper Pty Ltd makes and sells two types of shoes, Comfort and Style. Product data is as follows: Comfort Style Unit selling price $40.00 $45.00 Variable costs per unit$32.00 $34.50 Sixty per...

Ahmed & Co. makes and sells two types of shoes, Plain and Fancy. Data concerning these products are as follows: Plain Unit selling price Variable cost per unit Fancy $32.00 22.50 (8 04:29:11 13.00...

The three vectors in Fig. 3-35 have magnitudes a = 10.0m and angle = 30.0o. What are? (a) The x component and (b) The y component of a; (c) The x component and (d) The y component of b; and (e) The...

A spaceship whose rest length is 350 m has a speed of 0.82c with respect to a certain reference frame. A micrometeorite, also with a speed of 0.82c in this frame, passes the spaceship on an anti...

Which of the following is trequently utilised to assist in establishing lubor budgets? Benchmarks Bualsethes Flewible budget Rate setting

Executory costs: a) are included in the minimum lease payments by the lessee. b) should normally be borne by the party that is, the substance , the owner of asset. c) are the costs incurred by the...