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In: Accounting
Identify Fixed and Variable Costs Intuit Inc. develops and sells software products for the personal finance...
Identify Fixed and Variable Costs Intuit Inc. develops and sells software products for the personal finance market, including popular titles such as Quickbooks® and TurboTax®. Classify each of the following costs and expenses for this company as either variable or fixed to the number of units produced and sold: a. Packaging costs Fixed b. Sales commissions Variable c. Property taxes on general offices d. Shipping expenses e. Straight-line depreciation of computer equipment f. President’s salary g. Salaries of software developers h. Salaries of human resources personnel i. Wages of telephone order assistants j. Users' guides
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ekkarill92 answered 2 years agoRelated Solutions
Identify Fixed and Variable Costs Intuit Inc. develops and sells software products for the personal finance...
Identify Fixed and Variable Costs
Intuit Inc. develops and sells software products for the
personal finance market, including popular titles such as
Quickbooks® and TurboTax®. Classify each of the following costs and
expenses for this company as either variable or fixed to the number
of units produced and sold:
a. Packaging costs
b. Sales commissions
c. Property taxes on general offices
d. Shipping expenses
e. Straight-line depreciation of computer
equipment
f. President’s salary
g. Salaries of software developers
h. Salaries...
Intuit Inc. develops and sells software products for the personal finance market, including popular titles such...
Intuit Inc. develops and sells software products for the
personal finance market, including popular titles such as
Quickbooks® and TurboTax®. Classify each of the following costs and
expenses for this company as either variable or fixed to the number
of units produced and sold:
a. Packaging costs
b. Sales commissions
c. Property taxes on general offices
d. Shipping expenses
e. Straight-line depreciation of computer
equipment
f. President’s salary
g. Salaries of software developers
h. Salaries of human resources personnel
i....
Malibu, Inc., which has fixed costs of $2,978,000, sells three products whose sales price, variable cost...
Malibu, Inc., which has fixed costs of $2,978,000, sells three
products whose sales price, variable cost per unit, and percentage
of sales units are presented in the table below.
Product A
Product B
Product C
Sales Price
$
8.00
$
13.00
$
30.00
Variable Cost
$
5.00
$
5.00
$
16.00
Product Mix
60
%
20
%
20
%
a. What is the weighted average unit contribution
margin? (Round your answer to 2 decimal
places.)
b. At the break-even...
Cantor Products sells a product for $83. Variable costs per unit are $46, and monthly fixed...
Cantor Products sells a product for $83. Variable costs per unit
are $46, and monthly fixed costs are
$125,800.
a. What is the break-even point in units?
b. What unit sales would be required to earn a
target profit of $321,900?
c. Assume they achieve the level of sales required
in part b, what is the degree of operating leverage? (Round
your answer to 3 decimal places.)
d. If sales decrease by 30% from that level, by
what percentage...
Huntzburger products sells a product for $75. variable costs per unit are $50 and monthly fixed...
Huntzburger products sells a product for $75. variable costs per
unit are $50 and monthly fixed costs are $75000. answer following
questions. a) what is break even points in units? b) what unit
sales would be required to earn a profit target of $200,000 c)
assume they achieve the sales required in part b what is the degree
of operating leverage? d) if sales decrease by 30% from that level
by what percentage will profits decrease?
Mod Inc. sells parts for $80 each. Fixed costs are $1,200 per year and variable costs...
Mod Inc. sells parts for $80 each. Fixed costs are $1,200 per
year and variable costs are $65 per unit. If the initial investment
is $6,600 and is expected to last for 5 years and the firm pays 35%
taxes, what is the accounting and economic break-even level of
sales respectively? The initial investment will be depreciated
straight-line over 5 years to a final value of zero, and the
discount rate is 12%.
Mod Inc. sells parts for $125 each. Fixed costs are $1,800 per year and variable costs...
Mod Inc. sells parts for $125 each. Fixed costs are $1,800 per
year and variable costs are $80 per unit. If the initial investment
is $10,000 and is expected to last for 8 years and the firm pays
35% taxes, what is the accounting and economic break-even level of
sales respectively? The initial investment will be depreciated
straight-line over 8 years to a final value of zero, and the
discount rate is 12%.Please show all work!
Dallas Inc. sells a product for $62. Variable costs are 60% of sales, and monthly fixed...
Dallas Inc. sells a product for $62. Variable costs are 60% of
sales, and monthly fixed costs are $58,776.
a. What is the break-even point in units?
(Do not round intermediate
calculations.)
b. What unit sales would be required to earn a
target profit of $123,256? (Do not round
intermediate calculations.)
c. Assume they achieve the level of sales required
in part b, what is the margin of safety in sales dollars?
(Do not round intermediate
calculations.)
No. of Products Total Variable Costs, $ Total Costs $ Average Fixed Cost $ Average Variable...
No. of Products
Total Variable Costs, $
Total Costs $
Average Fixed Cost $
Average Variable Cost $
Average Total Cost $
Marginal Cost$
0
0
1
12
2
20
3
24
4
27
5
40
6
65
7
98
Assume that the fixed cost is $80, calculate the above costs in
the table and explain the difference between average total costs
and marginal costs.
In a graph illustrate the Average Total Cost and Marginal Cost
Curves, explain their relationship....
Perez Company makes and sells products with variable costs of$57 each. Perez incurs annual fixed...
Perez Company makes and sells products with variable costs of $57 each. Perez incurs annual fixed costs of $30,000. The current sales price is $72.
The following requirements are interdependent. For example, the $6,000 desired profit introduced in Requirement c also applies to subsequent requirements. Likewise, the $67 sales price introduced in Requirement d applies to the subsequent requirements.
a. Determine the contribution margin per unit
b. Determine the break-even point in units and in dollars. Prepare an income statement...
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