Entries by Hannah Wangui

Amigo Software Inc.

September 9, 2019 in /by

Question 7T)Amigo Software Inc. has total assets of $889,000, current liabilities of $192,000, and long-term liabilities of $154,000. There is $87,000 in preferred stock outstanding. Thirty thousand shares of common stock have been issued. a.Compute book value (net worth) per share. (Round your answer to 2 decimal places.)   Book value per share$    b.If there is $56,300 in earnings available […]

 

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Convex Mechanical Supplies

September 9, 2019 in /by

Question 2)Convex Mechanical Supplies produces a product with the following costs as of July 1, 2012:    Material$ 6      Labor 4      Overhead 3      $ 13           Beginning inventory at these costs on July 1 was 6,100 units. From July 1 to December 1, Convex produced 17,000 units. These units had a material cost of $10 per unit. The costs for labor […]

 

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International Data Systems

September 9, 2019 in /by

Question 11)International Data Systems information on revenue and costs is only relevant up to a sales volume of 117,000 units. After 117,000 units, the market becomes saturated and the price per unit falls from $20.00 to $11.80. Also, there are cost overruns at a production volume of over 117,000 units, and variable cost per unit […]

 

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Eaton Tool Company

September 9, 2019 in /by

Question 9)Eaton Tool Company has fixed costs of $340,400, sells its units for $80, and has variable costs of $43 per unit.a.Compute the break-even point. (Round your answer to the nearest whole number.)  Break-even point units  b.Ms. Eaton comes up with a new plan to cut fixed costs to $270,000. However, more labor will now be required, which […]

 

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