Audio sells headphones and would like to earn after tax profit of $400 every week. Each set of headphones costs $5 and is sold for $10. They also incur costs of $200 for rent and other fixed costs,...

Audio sells headphones and would like to earn after tax profit of $400 every week. Each set of headphones costs $5 and is sold for $10. They also incur costs of $200 for rent and other fixed costs,...

Direct materials= $6 Direct labor= $3.50 Variable manufacturing overhead= $1.50 Fixed manufacturing overhead= $4.00 Fixed selling expense= $3.00 Fixed administrative expense =$2 Sales...

Dear heros, i would like to create a exel formula for commercial commissions which will start from 5% if the deal is =<500,000 then it would be decreased till reach...

rent 900, MOH variable 200, MOH fixed 200, direct materials 1600, labor 160, units produced 100 in the relevant range I really need to know the formula and how...

Sep. 15 Purchased land by issuing a $670,000, 90-day note to Zahorik Co., which discounted it at 9%. Assume a 360-day year. Dec. 14 Journalized the payment of the September 15 note...

is this true or false?

Suppose you are selling phones and want the price of each phone to be $159.00 including a sales tax of 6%. (a) Write an equation representing the statement above. (b)...

In the month of April, a department had 500 units in the beginning work in process inventory that were 60% complete. These units had $1,000 of materials costs and $900 of conversion costs. Materials...

it is a question from fundamentals of accounting...please help me,

Many types of transactions may affect stockholders' equity. Identify the effects of the following transactions on total stockholders' equity. Each transaction is independent. a. A...

Matt Company uses activity-based costing. The company has two products: A and B. The annual production and sales of Product A is 8,000 units and of Product B is 6,000 units. There are three activity...

The percent of capacity is 80%. Number of unit are 5000. So it's asking for Depreciation of building @ 1,200; Supervisors wages @ 2,300; Maintenance wages @ 1,000 - these are the fixed costs....

Journalize the transaction: sold merchandise on accoun, $72,500 with terms 2/10, n/30. The cost of the merchandise sold was $43,500

A shopkeeper sells an article at its list price 3000 and charges tax at the rate of 12% .if the V.A.T paid by shopkeeper is 72 at what price did the shopkeeper buy the article inclusive of sales tax...

The units of an item available for sale during the year were as follows: Jan. 1 Inventory 200 units at $60 Feb. 17 Purchase 275 units at $64 July 21 Purchase...

required: Prepare the journal entries for each transaction. Post to the ledger and prepare a trial balance. Ashly Distributors completed the following merchandising transactions for the month...

The accounting department of a sports drink bottling company is checking to see whether the actual expenses of a department differ from the budgeted expenses by more than $500 or by more than 5%....

Draxon Company borrowed $30,000 from the bank signing a 6%, 3-month note on September 1. Principal and interest are payable to the bank on December 1. If the company prepares monthly financial statements,...

If a company's monthly sales volume required to break even is $180,000 and its monthly fixed costs are $54,000, the contribution margin ratio is:

Your company's year end is December 31. At the end of Year 2, you were in the middle of a large job. The client has already paid your company $40,000 of the total $52,000 that will ultimately be billed...

Michael F.

HARVARD/MIT TUTOR: ECON, FINANCE, ACCOUNTING, STATISTICS

New York, NY

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Katie R.

Certified Teacher and Experienced Accounting Professional

Astoria, NY