When the company sells 20,000 units, what is the total indirect selling expense that cannot be readilytraced to individual sales representatives? Required information[The following information applies to the questions displayed below.]Kubin Company's relevant range of production is 18,000 to 22,000 units. When it producesand sells 20,000 units, its average costs per unit are as follows:Direct materialsDirect laborVariable manufacturing overheadFixed manufacturing overheadFixed selling expenseFixed administrative expenseSales commissionsVariable administrative expenseAverage Costper Unit$ 7.00$ 4.00$ 1.50$ 5.00$ 3.50$ 2.50$ 1.00$ 0.50

The manufacturing overhead means the indirect expenses spent throughout the production process that…

Answered: When the company sells 20,000 units,…

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

See similar textbooks

Similar questions

1. Resto supplies incorporated takes 32,000 loss on a number of older ovens in its inventory; it paid the manufacturer 170,000 for them but can sell them for only 75,000. Choices: a. Full disclosure principle b. Time period assumption c. Materiality constraint d. Cost Principle e. Revenue recognition principle f. Conservatism Constraint g. Matching principle h. Economic entity assumption i. Monetary unit j. Going concern k. Some other answers 2. A hotel corporation is preparing its end of year financial statements. Management has informed the accountant that in six weeks it will begin to close 12 of its properties. The accountant will provide information related to these future actions on the current end of year financial statements because of the _______ principle. Choices: a. Full disclosure principle b. Time period assumption c. Materiality constraint d. Cost Principle e. Revenue recognition principle f. Conservatism Constraint g. Matching principle h. Economic entity assumption…
Rylan corporation received an offer from an exporter for 25,000 units of product at $16 per unit. The acceptance of the offer will not affect normal production or domestic sales prices. The following data is available Domestic sales price: $22 Unit manufacturing costs: Variable: 11 Fixed: 6 A. What is the amount of income or loss from acceptance of the offer? B. What is the differential cost from acceptance of the offer?
Which accounts are affected when $133,000 of indirect goods are used in production?
2. If a company sells goods that cost P70,000 for P82,000, the firm will: reduce Finished-Goods Inventory by P70,000. b. reduce Finished-Goods Inventory by P82,000. C. report sales revenue on the balance sheet of P82,000. d. reduce Cost of Goods Sold by P70,000. a. to 3. Eleria Manufacturing recently sold goods that cost P35,000 for P45,000 cash. The journal entries to record this transaction would include: a credit to Work-in-Process Inventory for P35,000. b. a debit to Sales Revenue for P45,000. a debit to Finished-Goods Inventory for P35,000. d. a credit to Sales Revenue for P45,000. a. C.
Company A calculates the cost per unit of its product at $ 28 (with $ 18 variable cost & $ 10 fixed cost). The product sells for $ 42. If then there is a large trader who intends to buy 5000 units but at a price of $ 25 with an additional shipping cost of $ 1, then should Company A accept the order (Assume that the order does not interfere with regular orders)? what is the increase/decrease in net profit of company A? O $125.000 O $140,000 O $95.000 O $30,000
the information of the firm using the average cost method is as follows: Quantity unit price 200 10 300 15 250 20 300 25 Since the firm sold 750 units of 25 TL during the period by cash, (a) What will be the cost of goods sold and profit/loss? (b) Make the journal entry of the transaction?
The total cost formula for a company can be modeled by TC = 12570+ 50x where x represents the number of items sold. A formula for the company's total income is modeled with TR 80x, where a represents the number of items sold. This company will breakeven when its total costs equal its total income. - How many items must this company sell to breakeven? Answer:
how can made calculation for this problem At a sales volume of 40,000 units, Choice Corporation's sales commissions (a cost that is variable with respect to sales volume) total $492,000. To the nearest whole dollar, what should be the total sales commissions at a sales volume of 39,100 units? (Assume that this sales volume is within the relevant range.)
C). Construct a cost-volume-profit chart indicating the break-even sales for the current year, assuming that a non-cancellable contract is signed for the additional billboard advertising. No changes are expected in the unit selling price or other costs. Verify your answer, using the break-even equation.
A service company has the following financial information (in millions of $) Sales $ 510 Cost of outsourced facilitating goods 210 Cost of in-house services provided 199 Administrative costs 77 Pretax earnings 24 (Do not round intermediate calculations. Round answers to 1 decimal place.)a. What is the profit leverage effect of reducing the cost of the facilitating goods in this company? The correct answer is 21.3 b. It has been suggested that the in-house services costs could be reduced by 10 percent in the coming year by implementing lean systems. What effect would this have on earnings increase in percentage? The correct answer is 82.9% c. What is the profit leverage effect of in-house services relative to profits? I NEED ANSWER TO THIS QUESTIONS PLEASE THANK YOU
Same question as above but need help with the following questions please a-2. From an operating profit (loss) perspective for March, should Miles Audio accept the order from Lanoo Custom Systems? b. What is the minimum price Miles Audio should accept to take the special order from Lanoo Custom Systems?
Please do not provide answer in image formate thank you. Refer to the following Cost-Volume-Profit (CVP) graph of a business entity to answer the following question. What is the amount of profit if 83429 units were sold? Do not enter any sign or symbol, only enter two (2) decimal numbers, such as 123.56.

SEE MORE QUESTIONS

Recommended textbooks for you

FINANCIAL ACCOUNTING

Accounting

ISBN:

9781259964947

Author:

Libby

Publisher:

MCG

Accounting

ISBN:

9781337272094

Author:

WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.

Publisher:

Cengage Learning,

Accounting Information Systems

Accounting

ISBN:

9781337619202

Author:

Hall, James A.

Publisher:

Cengage Learning,

FINANCIAL ACCOUNTING

Accounting

ISBN:

9781259964947

Author:

Libby

Publisher:

MCG

Accounting

ISBN:

9781337272094

Author:

WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.

Publisher:

Cengage Learning,

Accounting Information Systems

Accounting

ISBN:

9781337619202

Author:

Hall, James A.

Publisher:

Cengage Learning,

Horngren's Cost Accounting: A Managerial Emphasis…

Accounting

ISBN:

9780134475585

Author:

Srikant M. Datar, Madhav V. Rajan

Publisher:

PEARSON

Intermediate Accounting

Accounting

ISBN:

9781259722660

Author:

J. David Spiceland, Mark W. Nelson, Wayne M Thomas

Publisher:

McGraw-Hill Education

Financial and Managerial Accounting

Accounting

ISBN:

9781259726705

Author:

John J Wild, Ken W. Shaw, Barbara Chiappetta Fundamental Accounting Principles

Publisher:

McGraw-Hill Education

SEE MORE TEXTBOOKS

When the company sells 20,000 units, what is the total indirect selling expense that cannot be readily traced to individual sales representatives?