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2 years ago

If fixed costs increase, the break-even point in units will

Business

1 answer:

MAVERICK [17]2 years ago

5 0

If fixed costs increase, the break-even point in units will increase.

Predetermined overhead rate=$360,000/60,000=$6 per direct labor hour...Applied overhead=$6´9,350=$56,100. The overhead applied to production in September was $56,100.

Hope this helps, now you know the answer and how to do it. HAVE A BLESSED AND WONDERFUL DAY! As well as a great rest of Black History Month! :-)

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At the beginning of the current period, Kingbird Corp. had balances in Accounts Receivable of $191,500 and in Allowance for Doub

REY [17]

Answer:

total sales should be recorded as follows:

Dr Accounts receivables 733,600

Cr Sales revenue 733,600

collections should be recorded as follows:

Dr Cash 767,780

Cr Accounts receivable 767,780

to record the write off:

Dr Allowance for uncollectible accounts 7,149

Cr Accounts receivable 7,149

the two entries needed to record the collection of previous write offs:

Dr Accounts receivables 2,957

Cr Allowance for uncollectible accounts 2,957

Dr Cash 2,957

Cr Accounts receivable 2,957

to record estimated bad debt expense for the year:

Dr Bad debt expense 19,742

Cr Allowance for uncollectible accounts 19,742

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2 years ago

Adam and barb go to the store to purchase some lottery tickets. without looking at the price, adam says "i’ll take 10 lottery ti

Shtirlitz [24]

Answer:

Price elasticity of demand for Adam=0

Price elasticity of demand for Barb=1

Explanation:

Price elasticity of demand = %age change in demanded QTY / %age change in demanded price

The price is not important for Adam, and he demands a fixed quantity, hence his demand curve is vertical. A perfectly vertical demand curve is can inelastic demand curve and has price elasticity =0

The quantity is not important for Barb, and he demands a fixed price, hence his demand curve is horizontal. A perfectly horizontal demand curve is has price elasticity =1

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3 years ago

Which of the following is NOT a typical revenue model in the digital world? Freemium Subscriptions Channel marketing Licensing A

Ber [7]

Answer:

The correct answer is Channel Marketing.

Explanation:

The marketing channels are the routes through which the products circulate from their origin, the manufacturer, to the final consumer. These channels are formed by companies independent of the manufacturers whose function is to market, sell or help the sale of products created or manufactured by others. Let's say that the marketing channels are the ones that help sell the products of others.

Depending on the type of sales technology they use, we can find different channels:

Traditional channels: those that, as the name implies, do not use advanced technology to achieve their ends.
Automated channels: they use technology in a basic way to channel products towards consumption. For example, product vending machines.
Audiovisual channels: these are the channels that use different media. For example, television to publicize their products, the telephone to contact potential buyers and a transport company to get the product home.
Electronic channels: these are the marketing channels that use the internet as a means to connect with consumers.

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2 years ago

On October 1st, a company received $30,000 in cash and a building worth $200,000, and in return, issued common stock to an inves

Lilit [14]

Answer:

1. Journal:

October 1:

Debit Cash $30,000

Debit Building $200,000

Credit Common Stock $230,000

To record the receipt of cash and building for common stock.

2. T-accounts:

Cash Account

Date Description Debit Credit Balance

Oct. 1 Common Stock $30,000 $30,000

Building Account

Oct. 1 Common Stock $200,000 $200,000

Common Stock

Oct. 1 Cash $30,000 $30,000

Oct. 1 Building $200,000 $200,000

Explanation:

Journal entries show the accounts to be debited and credited respectively. They are the initial records of a business transaction. They can be used to post any transaction, make adjustments to the accounts, and close the accounts at the end of the accounting period.

7 0

2 years ago

Holly's ham, inc. sells hams during the major holiday seasons. during the current year 11,000 hams were sold resulting in $220,0

lutik1710 [3]

To find: Breakeven point (in units)
Given: Number of hams sold = 11000
Sales revenue = $220,000
Variable cost = $55,000
Fixed cost = $24,000
Solution: Break-even point (in units) can be calculated as:-
Fixed costs / (sales price per unit-variable costs per unit)
Fixed costs = $24,000
Sales price per unit = total sales revenue/number of units = 220000/11000 =
$20
Variable costs per unit = total variable cost/number of units = 55000/11000 = $5
Putting values in the formula,
=24000 / (20-5)
=24000/15
=1600
Breakeven point (in units) = 1600 units

7 0

2 years ago