Triax Corp. produced 50,000 gizmos at a total cost of $1,600,000 (including $400,000 of fixed costs) in
Question:
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 58% (17 reviews)
Total variable costs 1600000 400000 1200000 If prod...View the full answer
Answered By
Mugdha Sisodiya
My self Mugdha Sisodiya from Chhattisgarh India. I have completed my Bachelors degree in 2015 and My Master in Commerce degree in 2016. I am having expertise in Management, Cost and Finance Accounts. Further I have completed my Chartered Accountant and working as a Professional.
Since 2012 I am providing home tutions.
3.30+
2+ Reviews
10+ Question Solved
Related Book For
Question Posted:
Students also viewed these Accounting questions
-
Estimating fixed and variable costs using the high-low method Conry Ice Cream Company produces various ice cream products for which demand is highly seasonal. The company sells more ice cream in...
-
At a total cost of $1,820,000, Joshua Corporation acquired 70,000 shares of Caleb Corp. common stock as a long-term investment. Joshua Corporation uses the equity method of accounting for this...
-
At a total cost of $1,960,000, Turner Corporation acquired 70,000 shares of May Corp. common stock as a long-term investment. Turner Corporation uses the equity method of accounting for this...
-
The wheelbarrow and its contents have a center of mass at G. If F = 100 N and the resultant moment produced by force F and the weight about the axle at A is zero, determine the mass of the...
-
Lakia Rowell employs one college student every summer in her coffee shop. The student works the five weekdays and is paid on the following Monday. (For example, a student who works Monday through...
-
Find the domain of the function. Write answers using interval notation. f(x) = 6VR-25
-
Assume you are the marketing manager for Smith Ltd in exercise 22.14, and the accountant explains that when the actual results were compared with budget results he found a favourable sales price...
-
The standard cost of product 2525 includes 2 hours of direct labor at $14.00 per hour. The predetermined overhead rate is $21.00 per direct labor hour. During July, the company incurred 4,100 hours...
-
According to a principle, the velocity of a fluid multiplied by the cross section through which it flows at one point will equal the product of velocity and cross section at another point (vA = vA)....
-
William is a trader. His financial year ends on 31 December. He rents business premises. The monthly rent of $1,350, payable in advance on the first day of each month, was increased to $1,380 from 1...
-
A companys sales revenue decreased by 15% from one operating period to the next. Assuming no change in the prices of its inputs and outputs, by what percentage did: a. Fixed costs change? b. Unit...
-
Dynacan Ltd. manufactured 10,000 units of product last year and identified the following manufacturing and overhead costs. (V denotes variable cost and F denotes fixed cost.) Materials used in...
-
Suppose the bonds were issued and the warrants immediately traded on the open market for $5 each. What would this imply about the terms of the issue? Did the company win or lose? MINI CASE Paul...
-
You have decided to refinance your mortgage. You plan to borrow whatever is outstanding on your current mortgage. The current monthly payment is $1850 and you have made every payment on time. The...
-
You are buying a house and the mortgage company offers to let you pay a point (1% of the total amount of the loan) to reduce your APR from 5.93% to 5.68% on your $402,000, 30-year mortgage with...
-
Depreciation information for Corales Company is given in BE9-4. Assuming the declining-balance depreciation rate is double the straight-line rate, compute annual depreciation for the first and second...
-
Ironwood Bank is offering a 30-year mortgage with an APR of 6.10% based on monthly compounding. If you plan to borrow $157,000, what will be your monthly payment?
-
Assume you graduate from college with $28,000 in student loans. If your interest rate is fixed at 5% APR with monthly compounding and you will repay the loans over a 10-year period, what will be your...
-
Using the letters E , I , J , L , and S to abbreviate the simple statements, Egypts food shortage worsens, Iran raises the price of oil, Jordan requests more U.S. aid, Libya raises the price of oil,...
-
Akramin just graduated with a Master of Engineering in Manufacturing Engineering and landed a new job in Melaka with a starting salary of RM 4,000 per month. There are a number of things that he...
-
The following table shows the rates of total return in successive gears from 2011 to 2015 for the Renaissance Global Health Care Fund and for the benchmark Toronto Stock Exchange S&P/TSX Composite...
-
A bank offers a rate of 2.3% compounded semiannually on its four-gear GICs. What monthly and annually compounded rates should it quote in order to have the same effective interest race at all three...
-
Consider the Province of Ontario strip bond in Table 9.1. a. Present calculations to verify, to the nearest dollar, the bond's price on February 26, 2016, based on the quoted yield of 2.66%...
-
A scuba diver is exploring a shipwreck at a depth of 30 meters in the ocean. The diver's tank contains 5.0 moles of compressed air at a temperature of 25C. What is the pressure of the air in the tank...
-
1. Determine the atmospheric pressure at a location where the barometric reading is 720 mm Hg. 2. A pressure gauge connected to a tank reads 52 psi at a location where the barometric reading is 29.6...
-
Assume that a bond has an annual coupon rate of 6.80 percent, but makes coupon payments on a semi-annual basis, has a par value of $1,000, a yield to maturity of 7.20 percent, and a current price of...
Study smarter with the SolutionInn App