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JB

Answered

For the current year ending April 30, Hal Company expects fixed costs of $60,000, a unit variable cost of $70, and anticipated break-even of 1,715 sales units.
(a)Compute the unit sales price.
(b)Compute the sales
(units) required to realize an operating profit of $8,000.Round answer to the nearest whole number.

On Jul 29, 2024


(a)$60,000/ ($X - $70) = 1,715 unitsX = $105
(b) ($60,000 + $8,000)/ ($105 - $70) = 1,943 units
JB

Answered

In the PAIBOC questions for analysis,"P" refers to:

A) promotional offers of the organization obtainable through the presentation.
B) practices to be carried out while creating the slides or screens.
C) purposes for writing,or for creating slides or screens.
D) policies of the organization for which you are writing the document.

On Jul 26, 2024


C
JB

Answered

The minimum wage is a price ____,which tends to ___ the employment of unskilled workers.

A) ceiling;decrease
B) ceiling;increase
C) floor;decrease
D) floor;increase

On Jun 29, 2024


C
JB

Answered

​The best option to control the behavior of a natural monopoly is to use public ownership of the monopoly.

On Jun 26, 2024


False
JB

Answered

The "for value" requirement for holder-in-due-course status is the same as taking something for consideration.

On May 30, 2024


False
JB

Answered

Neuhaus Corporation manufactures one product. It does not maintain any beginning or ending Work in Process inventories. The company uses a standard cost system in which inventories are recorded at their standard costs. There is no variable manufacturing overhead. The standard cost card for the company's only product is as follows: Neuhaus Corporation manufactures one product. It does not maintain any beginning or ending Work in Process inventories. The company uses a standard cost system in which inventories are recorded at their standard costs. There is no variable manufacturing overhead. The standard cost card for the company's only product is as follows:   During the year, the company completed the following transactions:a. Purchased 52,900 gallons of raw material at a price of $7.60 per gallon.b. Used 46,820 gallons of the raw material to produce 27,600 units of work in process.Assume that all transactions are recorded on the below worksheet, which is similar to the worksheet shown in your text except that it has been divided into two parts so that it fits on one page. The beginning balances in each of the accounts have been given. PP&E (net)  stands for Property, Plant, and Equipment net of depreciation.   When recording the raw materials used in production in transaction (b)  above, the Raw Materials inventory account will increase (decrease)  by: A)  ($355,832)  B)  $355,832 C)  $351,150 D)  ($351,150) During the year, the company completed the following transactions:a. Purchased 52,900 gallons of raw material at a price of $7.60 per gallon.b. Used 46,820 gallons of the raw material to produce 27,600 units of work in process.Assume that all transactions are recorded on the below worksheet, which is similar to the worksheet shown in your text except that it has been divided into two parts so that it fits on one page. The beginning balances in each of the accounts have been given. PP&E (net) stands for Property, Plant, and Equipment net of depreciation.
Neuhaus Corporation manufactures one product. It does not maintain any beginning or ending Work in Process inventories. The company uses a standard cost system in which inventories are recorded at their standard costs. There is no variable manufacturing overhead. The standard cost card for the company's only product is as follows:   During the year, the company completed the following transactions:a. Purchased 52,900 gallons of raw material at a price of $7.60 per gallon.b. Used 46,820 gallons of the raw material to produce 27,600 units of work in process.Assume that all transactions are recorded on the below worksheet, which is similar to the worksheet shown in your text except that it has been divided into two parts so that it fits on one page. The beginning balances in each of the accounts have been given. PP&E (net)  stands for Property, Plant, and Equipment net of depreciation.   When recording the raw materials used in production in transaction (b)  above, the Raw Materials inventory account will increase (decrease)  by: A)  ($355,832)  B)  $355,832 C)  $351,150 D)  ($351,150) When recording the raw materials used in production in transaction (b) above, the Raw Materials inventory account will increase (decrease) by:

A) ($355,832)
B) $355,832
C) $351,150
D) ($351,150)

On May 27, 2024


D
JB

Answered

From the foregoing information, determine the amount of the conversion costs charged to Raw and In Process Inventory during August.

A) $369,840
B) $408,480
C) $428,800
D) $473,600

On Apr 30, 2024


C
JB

Answered

Benicio is a loan officer for a bank and is reviewing the financial statements of a prospective borrower.As a user of accounting information,Benicio is most interested in using this information

A) to plan and control daily operations.
B) in contract negotiations.
C) to make an investment decision and estimate its future returns.
D) to evaluate financial soundness of potential clients.

On Apr 27, 2024


D