Answered step by step
Verified Expert Solution
Question
...
1 Approved Answer
You are a company that sells a low end, midrange and high end version of what your company manufactures. what are the sales price and
You are a company that sells a low end, midrange and high end version of what your company manufactures. what are the sales price and variable cost and sales mix % for each item CALCULATOR PULL SCREEN PRINTER VERSION BACK NEXT Brief Exercise 19-08 Your answer is incorrect. Try again No Corporations three different models of a mouto rapper"Model A12 sells for $60 and has variable costs of $43. Model 22 sells for $111 and has variable costs of $79. Model C124 sells for $402 and as varate cost of $309. The sales mix of the three models is A12, 604 822, 27 and C124, 13%. of the company has the cost of $225,789. how many units of each model must the company sell in order to break even? (Round Per unit values to 2 decimal palces,.. 15.25 and Ninal answer too Total break-even 142.41 units Click if you would like to Show Work for this question Open Show Work For its fiscal year ending October 31, 2022, Grouper Corp. reports the following partial data shown below. Income before income taxes Income tax expense (20% * $361,200) Income from continuing operations Loss on discontinued operations Net Income $464,400 72,240 392,160 103,200 $288,960 The loss on discontinued operations was comprised of a $43,000 loss from operations and a $60,200 loss from disposal. The income tax rate is 20% on all items. Prepare a correct statement of comprehensive income, beginning with income before income taxes. GROUPER CORP. Partial Statement of Comprehensive Income For the Year Ended October 31, 2022. Income before Income Taxes 464400 Income Tax Expense 92880 1 Income from Continuing Operations 371520 Discontinued Operations Loss on Disposal Loss from Operations tudy & Practice Assignment Gradebook ORION Downloadable eTextbook men Assignment SOURCES Prepare a correct statement of comprehensive income, beginning with income before income taxes. 3-01 GROUPER CORP. Partial Statement of Comprehensive Income For the Year Ended October 31, 2022 3-05 3-06 3-10 Income Before Income Taxes EK 464400 Income Tax Expense 92880 Income from Continuing Operations 371520 Discontinued Operations Loss on Disposal 34400 Loss from Operations 48160 IZ on 25 82560 TNet Income / (Loss) 288960 ey Study Click if you would like to Show Work for this question: Open Show Work conchas d e overhead coo 93,900. Thas acted overheado a partie basis to two products wool and coon) ng director hours which are estimated to be 59.000 for the current year. The company has decided to experiment with activity based costing and has created two activity cost pools and related activity costrvers. These two compose r driver is machine hours) and over berotus). Overad ocated to the cutting cost pool 67,200 and 596,700 is located to the design coupool Adda formation related to the pool is as follows. Machine hours Number of setups Wool 102.000 4,000 Cotton 100.000 510 Total 204,000 1.530 calculate the overhead rate using activity based costing (Round answers to 2 de Overhead rates for activity-based costing Cutting per machine hour Design per stue De n eme mount of overhead alocated to the wool product line and the cotton product line wing activity-based costing Wool productie Cotton product line Overead Allocated
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access with AI-Powered Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started