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Product X sells for $25 per unit and has related variable costs of $20 per unit.  The fixed costs of producing Product X are $40,000 per month.  How many units of Product X must the company sell each month to earn a monthly operating income of $80,000?

Accounts receivable turnover for Year 2

Which of the following employees would not be included as part of direct labor in a software production and distribution company?

Brit, Inc. makes 3,000 waterproof mattresses annually to be used in one of its products. The unit cost of the mattresses includes variable costs of $30 and fixed costs of $15. If the mattresses were purchased from an outside supplier, 60% of the fixed costs could be eliminated. Buying mattresses from an outside supplier at a price of $35 each would cause Brit’s operating income to:

For the next six questions, decide how the costs should be categorized for the Frito Lay division (i.e., segment) of PepsiCo, Inc. You will be marking two answers for each of the questions. First, determine if the indicated cost is more likely to be fixed or variable in relation to net sales. Next determine if the indicated cost is a manufacturing cost or a non-manufacturing cost. Example: property taxes on computer equipment used by the Frito division’s finance department      answer:   fixed AND non-manufacturing

Indicate the section of the Statement of Cash Flows where each of the following transactions should be included for Tory Corporation.

In a recent financial journal, the exchange rate between the dollar and the British pound was quoted in two ways: Exchange rate (in dollars) = $1.60 and Exchange rate (in pounds) = £0.625. The number of pounds equal to $50,000 on this date is

The Work in Process controlling account of a manufacturing firm shows a debit balance of $5,000 at the end of an accounting period.  The job cost sheets of the two uncompleted jobs show charges of $800 and $1,200 for materials used and charges of $600 and $400 for direct labor used. From this information, it appears that the company is using a predetermined  overhead application rate (as a percentage of direct labor cost) of:

A(n) ______ cost is generally considered irrelevant in incremental analysis.

Working capital for Year 2