some easy accounting

User Generated

fnenu711

Business Finance

Description

There are 4 simple accounting problem that i attached.

Thank you

22-1B

22-2B

22-3B

22-4B

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Explanation & Answer

Attached.

Student 1
Student
Professor
Course no
Date

P22-1B
(a)Variable costs= Barbers commission+ Rent variable cost+ Barbers supplies
2+0.60+0.40
= $3
Fixed costs= Managers salary+ Other barbers salaries+ Rent+ Depreciation+
utilities+ Advertising
3900+3(1900) +700+500+300+100
=$11,200

(b) Breakeven point units= Fixed costs/ (Unit Cost-Unit variable cost)
11,200/ (10-3)
=1600 haircuts
Breakeven sales= Break even units*unit costs
1600*10
=$16000

(c)

Student 2

(d) Net income=Sales – Total costs
10(1700)- {(1700*3) +(11,200)}
=$700
P22-2B

Student 3

(a) CVP income statement for 2012
$

$

Sales

$
2,000,000

Direct materials used

360,000

Direct labor

450,000

Direct costs

810,000

Manufacturing overheads-variable
-fixed

270,000
280,000

Total overhead costs

550,000

Selling expenses-variable
-fixed

80,000
150,000

Administrative expenses- variable
-fixed

230,000

40,000
70,000

110,000

Tota...


Anonymous
Awesome! Perfect study aid.

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