Questions from Accounting Principles

Q: Zulu sells its waterproof phone case for $90 per unit.

Zulu sells its waterproof phone case for $90 per unit. Fixed costs total $200,000, and variable costs are $40 per unit. (a) Compute its break-even in units. (b) Will the break-even point in units incr...

Q: Zulu sells its waterproof phone case for $90 per unit.

Zulu sells its waterproof phone case for $90 per unit. Fixed costs total $200,000, and variable costs are $40 per unit. Compute the units that must be sold to get a target income of $216,000.

Q: Identify at least two potential negative outcomes of budgeting.

Identify at least two potential negative outcomes of budgeting.

Q: A manufacturer’s contribution margin income statement for the year follows. Prepare

A manufacturer’s contribution margin income statement for the year follows. Prepare a contribution margin income statement if the number of units sold (a) increases by 200 units and...

Q: US-Mobile manufactures and sells two products, tablet computers (

US-Mobile manufactures and sells two products, tablet computers (60% of sales) and smart phones (40% of sales). Fixed costs are $500,000, and the weighted-average contribution margin per unit is $125....

Q: Vintage Company reports the following information. Compute its product cost per

Vintage Company reports the following information. Compute its product cost per unit under absorption costing.

Q: Refer to QS 21-23. Compute its product cost per

Refer to QS 21-23. Compute its product cost per unit under variable costing.

Q: Determine whether each of the following is best described as a fixed

Determine whether each of the following is best described as a fixed, variable, or mixed cost with respect to product units.

Q: Aces Inc., a manufacturer of tennis rackets, began operations this

Aces Inc., a manufacturer of tennis rackets, began operations this year. The company produced 6,000 rackets and sold 4,900. Each racket was sold at a price of $90. Fixed overhead costs are $78,000 for...

Q: Aces Inc., a manufacturer of tennis rackets, began operations this

Aces Inc., a manufacturer of tennis rackets, began operations this year. The company produced 6,000 rackets and sold 4,900. Each racket was sold at a price of $90. Fixed overhead costs are $78,000 for...