National corporation needs to set a target price for its newly designed product m14-m16. the following data relate to this new product.
per unittotal
direct materials$28
direct labor$37
variable manufacturing overhead$10
fixed manufacturing overhead$1,280,000
variable selling and administrative expenses$ 7
fixed selling and administrative expenses$800,000

these costs are based on a budgeted volume of 80,000 units produced and sold each year. national uses cost-plus pricing methods to set its target selling price. the markup percentage on total unit cost is 40%.
compute the total variable cost per unit, total fixed cost per unit, and total cost per unit for m14-m16.

Ming chen began a professional practice on june 1 and plans to prepare financial statements at the end of each month. during june, ming chen (the owner) completed these transactions. a. owner invested $61,000 cash in the company along with equipment that had a $25,000 market value. b. the company paid $1,900 cash for rent of office space for the month. c. the company purchased $15,000 of additional equipment on credit (payment due within 30 days). d. the company completed work for a client and immediately collected the $2,100 cash earned. e. the company completed work for a client and sent a bill for $7,000 to be received within 30 days. f. the company purchased additional equipment for $5,500 cash. g. the company paid an assistant $3,000 cash as wages for the month. h. the company collected $5,200 cash as a partial payment for the amount owed by the client in transaction e. i. the company paid $15,000 cash to settle the liability created in transaction c. j. owner withdrew $1,500 cash from the company for personal use. required: enter the impact of each transaction on individual items of the accounting equation. (enter decreases to account balances with a minus sign.)

Which are the best examples of costs that should be considered when creating a project budget?

Which of the following is one disadvantage of renting a place to live compared to buying a home? a. tenants have to pay for all repairs to the building. b. the landlord covers the expenses of maintaining the property. c. residents can't alter their living space without permission. d. rent is generally more than monthly mortgage payments.