Swifty Inc. had beginning inventory of $11,000 at cost and $19,800 at retail. Net purchases were $122,300 at cost and $184,200 a
1 answer:
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Answer:
Break Even Point in Dollars = $6,000
Explanation:
Break Even Point in Dollars =
Selling price per unit.
Total Fixed Cost = Fixed Production cost + Fixed Selling Expenses
Fixed Production Cost = $3,000
Fixed Selling Expense = $1,500
Total Fixed cost = $3,000 +$1,500 = $4,500
Contribution per unit = Selling price - Variable Cost per unit
Selling Price Per Unit = $2.00
Variable Cost Per Unit = Variable Production cost + Sales commission
Variable Production cost = $0.30
Sales Commission Cost = $0.20
Variable Cost per unit = $0.30 + $0.20 = $0.50
Contribution per unit = $2.00 - $0.50 = $1.50
Break-even point =
Break Even Point in Dollars = $6,000
Answer:
Answer for the question : Stan's tax for 2018 =105+240 = $345.
"Unearned Income of Minor Children and Certain Students (LO 6.4) Brian and Kim have a 12-year-old child, Stan. For 2019, Brian and Kim have taxable income of $52,000, and Stan has interest income of $4,500. No election is made to include Stan's income on Brian and Kim's return. Click here to access the income tax rate schedules and the trust and estate tax rate schedules.a. For purposes of the tax on a child's unearned income, calculate Stan's taxable income.b.Calculate Stan's earned taxable income."
is explained in the attachment.
Explanation:
