Harris Companys faxed overhead costs are $4 per unit, and its variable overhead costs are $8 per
Question:
Harris Company’s faxed overhead costs are $4 per unit, and its variable overhead costs are $8 per unit. In the first month of operations, 50,000 units are produced, and 46,000 units are sold. Write a short memo to the chief financial officer explaining which costing approach will produce the higher income and what the difference will be.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 66% (12 reviews)
MEMO ToChief financial officer From ABC ReAbsorption and variable c...View the full answer
Answered By
Shubhradeep Maity
I am an experienced and talented freelance writer passionate about creating high-quality content. I have over five years of experience working in the field and have collaborated with several renowned companies and clients in the SaaS industry.
At Herman LLC, an online collective of writers, I generated 1,000+ views on my content and created journal content for 100+ clients on finance topics. My efforts led to a 60% increase in customer engagement for finance clients through revamping website pages and email interaction.
Previously, at Gerhold, a data management platform using blockchain, I wrote and published over 50 articles on topics such as Business Finance, Scalability, and Financial Security. I managed four writing projects concurrently and increased the average salary per page from $4 to $7 in three months.
In my previous role at Bernier, I created content for 40+ clients within the finance industry, increasing sales by up to 40%.
I am an accomplished writer with a track record of delivering high-quality content on time and within budget. I am dedicated to helping my clients achieve their goals and providing exceptional results.
5.00+
1+ Reviews
10+ Question Solved
Related Book For
Accounting Principles
ISBN: 978-1118875056
12th edition
Authors: Jerry Weygandt, Paul Kimmel, Donald Kieso
Question Posted:
Students also viewed these Managerial Accounting questions
-
In its first month of operations Rusch BBQ made three purchases of sausages in the following sequence: (1) 300 pounds at $6, (2) 400 pounds at $7, and (3) 200 pounds at $8. Assuming there are 450...
-
The following information is available for the first month of operations of Url Inc., a manufacturer of art and craft items: Sales $1,200,000 Gross profit 320,000 Indirect labor 110,000 Indirect...
-
The following information is available for the first month of operations of Enders Company, a manufacturer of mechanical pencils: Sales ................. $630,000 Gross profit .............. 370,000...
-
Roles define the manager. Do you agree or disagree with this statement? Discuss what you think managers do.
-
Jones Contractors Inc. agreed to construct a building for 5300,000. Construction commenced in 2011 and was completed in 2013. Data relating to the contract are summarized below: Required: a. For each...
-
The practice has a profit-sharing plan in place for partners. Which report is the most important to determine the profit that has been earned by the practice? List at least three questions you will...
-
18-7. Which presentation format is most consistent with the marketing concept? Why?
-
McCormick Software reported the following amounts on its balance sheets at December 31, 2012, 2011, and 2010: Sales and profits are high. Nevertheless, McCormick is experiencing a cash shortage....
-
A company may experience the downward demand spiral when Select one: a. NONE OF THE GIVEN OPTIONS b. engaged in a cyclical business and after experiencing an upturn. c. spreading capacity costs over...
-
You have an obligation to pay $1,000,000 in 3 years from now, and you would like to make an investment now that will enable you to meet this obligation. This investment will be a portfolio containing...
-
For Wesland Company, a mixed cost is $15,000 plus $18 per direct labor hour. Diagram the behavior of the cost using increments of 500 hours up to 2,500 hours on the horizontal axis and increments of...
-
Presto Corp. had total variable costs of $180,000, total fixed costs of $110,000, and total revenues of $300,000. Compute the required sales in dollars to break even.
-
In 2017, Congress established a small business direct loan program. The program provides that qualifying businesses can obtain loans at a rate 5 percent below that prevailing on Treasury securities...
-
Question 1 [40 marks] (a) Table 1 present experimental data related to the absorbance of two compounds over a range of concentration, in a UV-Vis cell with path length I = 1.0 cm. From this table:...
-
i. The following table presents data on wholesale gas prices for the major capital cities in the Eastern-half of Australia, from 2011-12 to 2022-23. Use this data to construct a single, time-series...
-
Problem 1 Using the same Fourier-Method approach as used in lecture, consider a beam loaded as shown below. 290 -q. Cos 280 x Shane land V-280 Distributed load w = =-80 . Cos[X] a. What are the...
-
Think about a Floor Warden training program for that company - and write me another email (attached here as a Word document) as if I were the leader of your organization to tell me about the...
-
A particle travels around the curve shown, following ? = ? 0 . 2 ? ? , ?with ? ( ? ) = 0 . 5 ? 2 rad. At the moment ? = ? , ?determine the speed and acceleration of the particle. ? = , ? ? ? = , ? ?...
-
An atmospheric column with 25 real stages is operating with a pressure drop of 0.6 in. of water per stage. Assume pressure drop in the condenser and the reboiler is \(1.2 \mathrm{in}\). of water...
-
Huntingdon Capital Corp. is a competitor of Plazacorp and First Capital Realty. Huntingdon reported the following selected information (in millions):...
-
The images show two contrasting coffee machines. Analyse the context for which these were designed by responding to the five W questions Who? What? Where? When? Why?
-
Medlen Company has the following account balances at December 31, 2014. Notes payable ($60,000 due after 12/31/15) ....... $100,000 Unearned service revenue .............. 70,000 Other long-term debt...
-
In January, gross earnings in Burrell Company were $80,000. All earnings are subject to 7.65% FICA taxes. Federal income tax withheld was $14,000, and state income tax withheld was $1,600. (a)...
-
In January, the payroll supervisor determines that gross earnings for Carlyle Company are $120,000. All earnings are subject to 7.65% FICA taxes, 5.4% state unemployment taxes, and 0.8% federal...
-
Suppose I have computed the cost of carbon per mile for my car at 0 . 0 1 2 per mile. Assume that the interest rate is 4 % and that I drive the car 2 8 , 0 0 0 miles per year. What is the present...
-
Imagine that in stable growth period, the firm earns ROIC of 10% and has after tax EBIT of 200 and reinvestment $ of 40. What is the steady state growth rate? 20% O 10% 2%
-
Tanner-UNF Corporation acquired as a long-term investment $160 million of 5.0% bonds, dated July 1, on July 1, 2021. Company management has the positive intent and ability to hold the bonds until...
Study smarter with the SolutionInn App