Kool Khemistry for Kids Glowsticks, Cabbage, Milk, & Raisins Madelon Cheatham/AFSC and Lesley Merritt/UA Madelon Cheatham/Arch Ford Educational Service Cooperative Grocery store items – what do they have in common?
Profit is 20% of selling price.
Required;
Prepare a flexible budget based on a 50% level of activity. (9 marks)
State three problems which may arise from such a change in the level of activity.
(3 marks
Konrad, Inc. is considering a new project whose data are shown below. The required equipment has a 3-year tax life and it will be depreciated by the straight-line method over 3 years. Revenues and other operating costs are expected to be constant over the project’s 3-year life. What is the project’s Year 1 cash flow?
Annual sales revenues$180,000Annual operating costs, excluding depreciation$85,000Equipment Cost (depreciable basis)$120,000Years straight-line depreciation3Tax rate30%
RevenueCostDepreciationOperating IncomeLess: TaxNet Operating IncomeAdd: DepreciationCash Flow Year 118000085000400005500016500385004000078500
Kuhns Corp. has 250,000 shares of preferred stock outstanding that is cumulative and 100,000 common stock outstanding. The preferred dividend is $6.30 per share and has not been paid for 3 years. If Kuhns earned $2.00 million this year, what could be the maximum payment to the preferred stockholders on a per share basis? (Round your answer to 2 decimal places.)
Kolata, G. (2019, September 30). Eat Less Red Meat, Scientists Said. Now Some Believe That Was Bad Advice. Retrieved from https://www.nytimes.com/2019/09/30/health/red-meat-heart-cancer.html.
Sher, R. (2019, October 2). Making Virtual Teams Feel Like They’re In The Same Room:The AppNeta Approach. Retrieved from https://www.forbes.com/sites/robertsher/2019/10/02/making-virtual-teams-feel-like-theyre-in-the-same-room-the-appneta-approach/#303c448a18bb
Vinoski, J. (2019, September 27). GM Strike Highlights How Costly Breakdowns In Communication Between Workers And Executives Can Be. Retrieved from https://www.forbes.com/sites/jimvinoski/2019/09/27/gm-strike-highlights-how-costly-breakdowns-in-communication-between-workers-and-executives-can-be/#7b4d31136f87.
Kubota Co. is a wholesaler of office supplies. An aging of the companyâs accounts receivable on December 31, 2006, and a historical analysis of the percentage of uncollectible accounts in each age category are as follows:
Kohlberg’s developmental theory of moral development posits three levels and six stages. Other psychologists have different theories on how people develop morally. How do you think children and adolescents learn right from wrong? Why do you think people don’t act morally even though they know the difference between right and wrong?
Kubin Company’s relevant range of production is 21,000 to 25,000 units. When it produces and sells 23,000 units,
its average costs per unit are as follows:
Average Cost per Unit Direct materials $8.10 Direct labor $5.10 Variable manufacturing overhead $2.60 Fixed manufacturing overhead $6.10 Fixed selling expense $4.60 Fixed administrative expense $3.60 Sales commissions $2.10 Variable administrative expense $1.60
1. Assume the cost object is units of production:
a. What is the total direct manufacturing cost incurred to make 23,000 units?
b. What is the total indirect manufacturing cost incurred to make 23,000 units?
2. Assume the cost object is the Manufacturing Department and that its total output is 23,000 units.
a. How much total manufacturing cost is directly traceable to the Manufacturing Department?
b. How much total manufacturing cost is an indirect cost that cannot be easily traced to the Manufacturing Department?
3. Assume the cost object is the company’s various sales representatives. Furthermore, assume that the company spent $82,800 of its total fixed selling expense on advertising and the remainder of the total fixed selling expense comprised the fixed portion of the company’s sales representatives’ compensation.
a. When the company sells 23,000 units, what is the total direct selling expense that can be readily traced to individual sales representatives?
b. When the company sells 23,000 units, what is the total indirect selling expense that cannot be readily traced to individual sales representatives?
ABCDEFGHK1a. What is the total direct manufacturing cost incurred to make 23,000 units?direct manufacturing cost=(Direct labor+Direct materials)*23000303600fx=(8.1+5.1)*23000b. What…
2. Krueger Company has a variable cost percentage of 32% on a product that sells for $28 per unit. Fixed costs are $30,000. Krueger wants to know how many units must be sold (a) to break even and (b) to earn a profit of $15,000. Ignore income taxes.
Krueger Company has a variable cost percentage of 32% on a product that sells for $28 per unit. Fixed costs are $30,000. Krueger wants to know how many units must be sold (a) to break even and (b)…
please help me on this assignment, and please strictly follow the instructions in the “requirement” and “sample” files.
Running head: IDEA RECOGNIZED EXCEPTIONALITIES Idea Recognized ExceptionalitiesStudent’s NameCourse TitleJuly 31, 2017 1 IDEA RECOGNIZED EXCEPTIONALITIES 2 Idea Recognized Exceptionalities…
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