subject
Business, 26.09.2019 22:20 chloe081

House of pianos, inc., purchases pianos from a well-known manufacturer and sells them at the retail level. the pianos sell, on the average, for $3,300 each. the average cost of an piano from the manufacturer is $1,492. the costs that the company incurs in a typical month are presented below: costs cost formula selling: advertising $955 per month delivery of pianos $61 per piano sold sales salaries and $4,823 per month, plus 4% of sales utilities $633 per month depreciation of sales facilities $4,944 per month administrative: executive salaries $13,490 per month depreciation of office equipment $943 per month clerical $2,499 per month, plus $37 per piano sold insurance $719 per month during november, the company sold and delivered 60 pianos. required: 1. prepare a traditional income statement for september. 2. prepare a contribution format income statement for september. show costs and revenues on both a total and a per unit basis down through contribution margin. 3. refer to the income statement you prepared in (2) above. why might it be misleading to show the fixed costs on a per unit basis?

ansver
Answers: 3

Another question on Business

question
Business, 21.06.2019 22:20
Suppose a ceiling fan manufacturer has the total cost function c(x) = 48x + 1485 and the total revenue function r(x) = 75x. (a) what is the equation of the profit function p(x) for this commodity? p(x) = (b) what is the profit on 35 units? p(35) = interpret your result. the total costs are less than the revenue. the total costs are more than the revenue. the total costs are exactly the same as the revenue. (c) how many fans must be sold to avoid losing money? fans
Answers: 1
question
Business, 22.06.2019 19:00
Consider the following information on stocks a, b, c and their returns (in decimals) in each state: state prob. of state a b c boom 20% 0.27 0.22 0.16 good 45% 0.16 0.09 0.07 poor 25% 0.03 0 0.03 bust 10% -0.08 -0.04 -0.02 if your portfolio is invested 25% in a, 40% in b, and 35% in c, what is the standard deviation of the portfolio in percent? answer to two decimals, carry intermediate calcs. to at least four decimals.
Answers: 2
question
Business, 22.06.2019 19:30
Which of the following statements are false regarding activity-based costing? non-manufacturing costs are important to include when calculating the cost of each product. costs are allocated based on a pre-determined overhead rate. transitioning from traditional costing methods to activity-based costing can be complicated and costly. activity-based costing follows the same basic calculation methods as traditional costing approaches. none of the above
Answers: 2
question
Business, 22.06.2019 22:40
Utilization will always be lower than efficiency because: a. effective capacity is greater than design capacityb. expected output is less than actual output.c. effective capacity equals design capacity.d. effective capacity is less than design capacity.e. expected output is less than rated capacity.
Answers: 3
You know the right answer?
House of pianos, inc., purchases pianos from a well-known manufacturer and sells them at the retail...
Questions
question
Mathematics, 07.12.2019 11:31
question
Mathematics, 07.12.2019 11:31
question
Social Studies, 07.12.2019 11:31
Questions on the website: 13722361