Capital Cafe in Grainger Hall wants to sell a sufficient qua…
Capital Cafe in Grainger Hall wants to sell a sufficient quantity of hot sandwiches to meet a specific sales goal. The unit selling price is $12 and the unit variable cost is $9, which includes sales commissions. There are $60,000 of rent payments, $50,000 for property taxes, and $72,000 for depreciation of equipment and machinery. How many units must be sold to earn an income of $100,000?
Read DetailsCookie Co. makes chocolate chip cookies. They incurred the f…
Cookie Co. makes chocolate chip cookies. They incurred the following costs during the period: Ingredients (flour, sugar, eggs, etc.) $6,000 Baker Wages $24,000 Baking Sheets $1,000 Accountant Salaries $18,000 Depreciation on Ovens $5,000 Property Taxes on Bakery $10,000 Advertising Costs $8,000 Utilities at the Bakery $2,000 How much should Cookie Co.’s accountant record as manufacturing overhead for the period?
Read DetailsJohn sells crossbody handbags. He is concerned about his mar…
John sells crossbody handbags. He is concerned about his margin of safety for the month of June, where he recorded 40,000 units sold. John sells his signature bags for $2,000 each and his unit variable costs are $800. If his monthly fixed costs for June were $36,000,000, what is his margin of safety in dollars? Don’t round intermediate calculations.
Read DetailsA furniture manufacturing job is building a custom made ward…
A furniture manufacturing job is building a custom made wardrobe for a customer. For the job, they fill out a requisition form with the following: $1,200 worth of wood to make the base, $700 worth of glass for the doors, and $400 worth of cleaning supplies. Which of the following would be included in the journal entry?
Read DetailsBadger LLC determines it’s manufacturing overhead rate for t…
Badger LLC determines it’s manufacturing overhead rate for the year based on the cost of direct labor. The estimated and actual costs for the year are outlined in the table below. What would the appropriate journal entry include to adjust for the amount of under/over applied manufacturing overhead? Estimated Costs for Year Actual Costs for Year Manufacturing Overhead $500,000 $450,000 Direct Labor $800,000 $725,000
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