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    Determining the Fixed and Mixed Portion of Costs

    I have been studying the 'fixed' costs. I have learned that a number of 'fixed' costs are actually mixed costs (variable and fixed). However, I am still having trouble with answering the following question: Explain how you can determine the fixed and mixed portion of each cost (such as utility costs, maintenance costs) and why i

    Manufacturing overhead

    E2-4 Manufacturing cost data for Copa Company, which uses a job order cost system, are presented below. Case A Case B Case C Direct materials used $ (a) $ 83,000 $ 63,150 Direct labor 50,000 100,000 (h) Manufacturing overhead applied 42,500 (d) (i) Total manufacturing costs 165,650 (e)

    Additional funds needed

    Balance Sheet as of 12-31-2004 (Thousands of Dollars) Assets Cash $ 1,080 Receivables 6,480 Inventories 9,000 Total current assets $ 16,560 Net fixed assets 12,600 Total assets $29,160 Liabilit

    Price Analysis: Joe wants to buy a DVD player

    Joe's search costs are $7 per search. He wants to buy a DVD player for his wife for Christmas, and the lowest price he's found so far is $200. Joe thinks one-third of the stores charge $300 for a DVD player, one-third charge $200, and one-third charge $185. Should Joe continue to search or buy a DVD player at a price of $200?

    What is the manufacturing overhead for Copa Company?

    E2-4 Manufacturing cost data for Copa Company, which uses a job order cost system, are presented below. Case A Case B Case C Direct materials used $ (a) $ 83,000 $ 63,150 Direct labor 50,000 100,000 (h) Manufacturing overhead applied 42,500 (d) (i) Total manufacturing costs 165,650 (e)

    Store's after-tax salvage value

    Bruener Retail Bruener Retail is considering opening a new store. In evaluating the proposed project the company's CFO has collected the following information: · It will cost $10 million to construct the new store. These costs will be incurred at t = 0. These costs will be depreciated on a straight-line basis over the next

    Brandie's Cook founded Brandie's Micro-Batch Frozen Yogurt Company

    I need help with this problem so can you please show me how to do it?Is there any formulas that I need to use and what are they? So here is the question to the problem if inventories are expected to turn over ten times a year(based on cost of goods sold) what will be the venture's average inventories balance next year if sales

    Accounting Concepts

    1. Notes or accounts receivables that result from sales transactions are often called a Sales receivables. b Non-trade receivables. c Trade receivables. d Merchandise receivables. 2. Which one of the following is not a primary problem associated with accounts receivable? a Depreciating accounts receivable b

    Basic Accounting Concepts - True/False

    True False 1 Under the direct write-off method, no attempt is made to match bad debts expense to sales revenues in the same accounting period. 2 Restricted retained earnings are available for preferred stock dividends but unavailable for common stock dividends. 3 The statement of cash flows is a required stateme

    Financial management

    A) 1-Determine the year-to-year percentage annual growth in total net sales 2-Do you think the company will hit its sales goal of plus 10 percent annual revenue growth in 2005?Determine the target revenue figure,and explain why you do or do not feel that the company can hit this target . Fiscal years 2004 2003

    Accounting Question

    I have a practive problem that I need to do. If I see how it's done correctly I will be able to do it on the test (my professor is absolutly no help). As the instructions says: "Prepare a statement of cash flows for Ernest Banks Company for the year ended December 31, 2005, using the indirect method."

    What a stock is worth in two years with a certain dividend

    Assume that you plan to buy a share of XYZ stock today and to hold it for two years. Your expectations are that you will not receive at the end of year 1, but will receive a dividend of $9.25 at the end of year 2. In addition, you expect to sell the stock for $150 at the end of year 2. If your expected rate of return is 16 perce

    Average value of unpaid bills

    On average, it takes Microlimp's customers 60 days to pay their bills. If Microlimp has annual sales of $500 million, what is the average value of unpaid bills?

    Keller Cosmetics: calculate return on assets

    Keller Cosmetics maintains a profit margin of 4 percent and a sales-to-assets ratio of 3. What is its return on assets? If its debt-equity ratio is 1.0, its interest payments and taxes are each $10,000, and EBIT is $40,000, what is the return on equity?

    Tax Liability

    Determine the tax liability and the marginal and average tax rate for corporations with following amounts of taxable income: a) $45,000 b) $75,000 c) $500,000


    Nike is an Oregon-based company that focuses on the design, development, and worldwide marketing of high-quality footwear, apparel, equipment, and accessory products. Nike is the largest seller of athletic apparel in the world. The company sells its products to approximately 19,700 retail accounts in the United States and throug

    Bond entries for Strawder Farms

    17- 1A Strawder Farms is a grower of hybird seed corn for DeKalb Genetics Corportion. It has had two exceptionally good years and has elected to invest its excess funds in bonds. The following transactions relate to bonds acquired as an investment by Strawder Farms, whose fiscal year ends on December 31. 2005

    Compute total contribution margin and percentage with given information

    Assume that $1,800 million of the cost of goods sold is a fixed cost representing depreciation and other production costs that do not change with the volume of production. In addition, $3,000 million of the other operating expenses is fixed. Compute the total contribution margin and the contribution margin percentage. Expla

    Coefficient of skewness

    I am having a great deal of difficulty figuring the last part of a problem out. I am stuck and need help. b. Determine the coefficient of skewness using Pearson's method. c. Determine the coefficient of skewness using the software method. 25. Listed below are the commissions earned ($000) last year by the sales repres

    Balance on current account

    Balance on current account --- Given the following information, determine the balance on the United States' current account and capital accounts: Imports 211.5 Net income from foreign investments 32.3 Foreign investments in US

    Financial management: Calculate expected stock price, seven years from now.

    A stock currently sells for $28 a share. Its dividend is growing at a constant rate, and its dividend yield is 5 percent. The required rate of return on the company's stock is expected to remain constant at 13 percent. What is the expected stock price, seven years from now? $24.62 $29.99 $39.40 $41.83 $47.98

    Control Accounts and Entry Systems

    Q1.Explain two ways in which control accounts can be used in small business. Please note the owner is not operating full double entry system. Q2.Explain two limitations to the usefulness of control accounts. In small business, if the owner is not operating full double entry system. Q3.Explain two ways in which the going co

    Accounting problem

    With the help of another tutor, I received help in developing a set of pro forma financials (income statement and balance sheet only) for the next fiscal year-end using the percent-of-sales method. Assuming that the company's sales have increased by 20%. (Please see the attached document) What I'm not clear on is how or where

    Installment-Sales Method and Cost Recovery

    I am having problems completing the rest of the assignments similar to this problem. I just need to get in the ballpark. I will figure the rest out. I want to use this problem as a template for my test next week. I believe I will have several questions on the test for this problem. I am not comfortable with the concept. 15. (