Multiple Problems

For Help with Multiple Homework Problems, Ask an Expert

Ask an Expert,
Get an Answer ASAP!

Multiple Problems
This answer was rated:

1. Elliots Escargots sells commercial and home snail extraction

1. Elliot’s Escargots sells commercial...
1. Elliot’s Escargots sells commercial and home snail extraction tools and serving pieces. Currently, the snail extraction line of products takes up approximately 50% of the company’s retail floor space. The CEO of Elliot’s wants to decide if the company should continue offering snail extraction tools or focus only on serving pieces. If the snail extraction tools are dropped, salaries and other direct fixed costs can be avoided and serving piece sales would increase by 13%. Allocated fixed costs are assigned based on relative sales.
Snail Extraction Serving
Tools Pieces Total
Sales $1,200,000 $800,000 $2,000,000
Less cost of goods sold 500,000 700,000 1,200,000
Contribution margin 700,000 100,000 800,000
Less direct fixed costs:
Salaries 175,000 175,000 350,000
Other 60,000 60,000 120,000
Less allocated fixed costs:
Rent 14,118 9,882 24,000
Insurance 3,529 2,471 6,000
Cleaning 4,117 2,883 7,000
Executive salary 76,470 53,530 130,000
Other 7,058 4,942 12,000
Total costs 340,292 308,708 649,000
Net income ($159,708) ($208,708) $151,000

Prepare an incremental analysis in good form to determine the incremental effect on profit of discontinuing the snail extraction tool line.


5. The following information relates to Vice Versa Ventures for calendar year 20XX, the company’s first year of operations.

Units produced 20,000
Units sold 17,000
Selling price per unit $30
Direct material per unit $5
Direct labor per unit $5
Variable manufacturing overhead per unit $2
Variable selling cost per unit $3
Annual fixed manufacturing overhead $160,000
Annual fixed selling and administrative expense $80,000

(a) Prepare an income statement using full costing.
(b) Prepare an income statement using variable costing.
Show More
Show Less
Ask Your Own Multiple Problems Question
Answered in 29 minutes by:
8/15/2013
DanielleCPA
Category: Multiple Problems
Satisfied Customers: 794
Experience: CPA with finance and business expertise
Verified
Welcome and thanks for your question!

I am currently working on your answer and will be post shortly.
Ask Your Own Multiple Problems Question
Customer reply replied 4 years ago

i need the answer within 20 minutes.... i´m in the middle of an exam

Customer reply replied 4 years ago

please the time is running! i need the answer asap

I'm sorry. That deadline just is not feasible. The questions are about 30 minutes worth of work and I just can't complete in the 20 minute time frame.
Ask Your Own Multiple Problems Question
Customer reply replied 4 years ago

i have 18 more minutes can you finish in that time?

Ok - I have the first half finished so should be able to have the second finished by then.
Ask Your Own Multiple Problems Question
Customer reply replied 4 years ago

perfect , send me the first answer thanks

Customer reply replied 4 years ago

please send me the first part so i can start posting it

Please click the link for both answer parts.

Answer

There is a tab in the document for each answer. If you need any clarification, please let me know and I will gladly assist you.

If this fully answers your question, please give a positive rating on the service. Thanks and have a wonderful evening!
DanielleCPA
Category: Multiple Problems
Satisfied Customers: 794
Experience: CPA with finance and business expertise
Verified
DanielleCPA and 87 other Multiple Problems Specialists are ready to help you
Ask your own question now
Ask DanielleCPA Your Own Question
DanielleCPA
DanielleCPA
DanielleCPA, CPA
Category: Multiple Problems
Satisfied Customers: 794
794 Satisfied Customers
Experience: CPA with finance and business expertise

DanielleCPA is online now

A new question is answered every 9 seconds

How JustAnswer works:

  • Ask an ExpertExperts are full of valuable knowledge and are ready to help with any question. Credentials confirmed by a Fortune 500 verification firm.
  • Get a Professional AnswerVia email, text message, or notification as you wait on our site. Ask follow up questions if you need to.
  • 100% Satisfaction GuaranteeRate the answer you receive.

JustAnswer in the News:

Ask-a-doc Web sites: If you've got a quick question, you can try to get an answer from sites that say they have various specialists on hand to give quick answers... Justanswer.com.
JustAnswer.com...has seen a spike since October in legal questions from readers about layoffs, unemployment and severance.
Web sites like justanswer.com/legal
...leave nothing to chance.
Traffic on JustAnswer rose 14 percent...and had nearly 400,000 page views in 30 days...inquiries related to stress, high blood pressure, drinking and heart pain jumped 33 percent.
Tory Johnson, GMA Workplace Contributor, discusses work-from-home jobs, such as JustAnswer in which verified Experts answer people’s questions.
I will tell you that...the things you have to go through to be an Expert are quite rigorous.

What Customers are Saying:

Wonderful service, prompt, efficient, and accurate. Couldn't have asked for more. I cannot thank you enough for your help.

Mary C.Freshfield, Liverpool, UK

This expert is wonderful. They truly know what they are talking about, and they actually care about you. They really helped put my nerves at ease. Thank you so much!!!!

AlexLos Angeles, CA

Thank you for all your help. It is nice to know that this service is here for people like myself, who need answers fast and are not sure who to consult.

GPHesperia, CA

I couldn't be more satisfied! This is the site I will always come to when I need a second opinion.

JustinKernersville, NC

Just let me say that this encounter has been entirely professional and most helpful. I liked that I could ask additional questions and get answered in a very short turn around.

EstherWoodstock, NY

Thank you so much for taking your time and knowledge to support my concerns. Not only did you answer my questions, you even took it a step further with replying with more pertinent information I needed to know.

RobinElkton, Maryland

He answered my question promptly and gave me accurate, detailed information. If all of your experts are half as good, you have a great thing going here.

DianeDallas, TX

< Previous | Next >

Meet the Experts:

linda_us

linda_us

Master's Degree

1,402 satisfied customers

A tutor for Business, Finance, Accounts and other related topics.

F. Naz

F. Naz

B.Com

1,088 satisfied customers

have completed B.Com and CA Finalist

Manal Elkhoshkhany

Manal Elkhoshkhany

Bachelor's Degree

912 satisfied customers

Completed by BA degree in 1988 and graduated with a GPA of 4.0

Mr. Gregory White

Mr. Gregory White

Master's Degree

874 satisfied customers

M.A., M.S. Education / Educational Administration

Bizhelp

Bizhelp

CPA

539 satisfied customers

BA degree and Certified Public Accountant

MyVirtualCPA

MyVirtualCPA

Master's Degree

155 satisfied customers

Master's degree holder who loves to help you understand your MC homework problems

Dimitry K., Esq.

Dimitry K., Esq.

Doctoral Degree

39 satisfied customers

JD/MBA, Business Attorney

< Previous | Next >

Related Multiple Problems Questions
How much do you charger per question I have 50 questions,
How much do you charger per question I have 50 questions … read more
Steven, M.Acc.
Steven, M.Acc.
Instructor
Master\u0027s Degree
252 satisfied customers
How i pay you. About that Questions
how i pay you JA: When we are ready I'll take you to the appropriate web page. Customer: ok JA: The Tutor can help you get an A on your homework or ace your next test. Tell us more about what you need… read more
F. Naz
F. Naz
B.Com
CA Finalist & Completed B.com
1,088 satisfied customers
I have a sauce Hobby it is trying to turn into a business I
I have a sauce Hobby it is trying to turn into a business I make a gourmet line of sauces hot sauces and such and I would like to know what I need to do to make my business official and successful in … read more
F. Naz
F. Naz
B.Com
CA Finalist & Completed B.com
1,088 satisfied customers
I have an assignment for Project Management that I need help
I have an assignment for Project Management that I need help with in order to make sure I understand the lesson. I will upload the chart with the project totals, but the questions it asks are below: 1… read more
F. Naz
F. Naz
B.Com
CA Finalist & Completed B.com
1,088 satisfied customers
For writer F. Naz. This assignment is due no later then
For writer F. Naz. This assignment is due no later then Monday 1/1/18. I have attached the assignment page and the rubric below. Please follow directions and show calculations for all problems and if … read more
F. Naz
F. Naz
B.Com
CA Finalist & Completed B.com
1,088 satisfied customers
Scenario: Person 1 - Owns (Owner) a property (Property)
Scenario: Person 1 - Owns (Owner) a property (Property) which is going to be a rental. Person 2 - Enters a lease-to-buy contract (Buyer) for the property held by the Owner. Buyer will not be living in… read more
PDtax
PDtax
Owner
Master\u0027s Degree
1 satisfied customers
Need help with Project Manager course work. Specifically,
Need help with Project Manager course work. Specifically, WBS, parametric estimates and PERT charts.… read more
F. Naz
F. Naz
B.Com
CA Finalist & Completed B.com
1,088 satisfied customers
I have some several questions i could use some help with.
I have some several questions i could use some help with. … read more
F. Naz
F. Naz
B.Com
CA Finalist & Completed B.com
1,088 satisfied customers
This is your second interview with a prestigious brokerage
This is your second interview with a prestigious brokerage firm for a job as an equity analyst. You survived the morning interviews with the department manager and the vice president of equity. Everyt… read more
F. Naz
F. Naz
B.Com
CA Finalist & Completed B.com
1,088 satisfied customers
I need help on a finance assignment that is timed and online
I need help on a finance assignment that is timed and online - so would need phone assistance on it… read more
Barbara
Barbara
Enrolled Agent, Paralegal
3,791 satisfied customers
How does this work? I have a final exam. 3 essay questions 2
3 essay questions 2 short annswer and 10 multiple choice need in 3 hours… read more
David L.
David L.
Bachelor\u0027s Degree
6 satisfied customers
Which of the following is not a characteristic of a tax? a.
Which of the following is not a characteristic of a tax? a. The payment to the governmental authority is required by law. b. The payment relates to the receipt of a specific benefit. c. The payment is… read more
Manal Elkhoshkhany
Manal Elkhoshkhany
Bachelor's Degree
912 satisfied customers
A department store chain is planning to open a new store.
A department store chain is planning to open a new store. They need to decide how to allocate the 100,000 square feet of available floor space among seven departments. Data on expected performance of … read more
Stephen, MBA
Stephen, MBA
Master's Degree
166 satisfied customers
Suppose that $ 2000 is loaned at a rate of 12 %, compounded
Suppose that $ 2000is loaned at a rate of 12 %, compounded quarterly. Assuming that no payments are made, find the amount owed after 4years.Do not round any intermediate computations, and round your a… read more
F. Naz
F. Naz
B.Com
CA Finalist & Completed B.com
1,088 satisfied customers
Stocks are evidence of __________ bonds are evidence of
Stocks are evidence of __________ bonds are evidence of _________. Select one: a. debt, ownership b. ownership, ownership c. debt, debt d. ownership, debt … read more
Manal Elkhoshkhany
Manal Elkhoshkhany
Bachelor's Degree
912 satisfied customers
This assignment is due no later then wednesday 12/13 at 6pm.
This assignment is due no later then wednesday 12/13 at 6pm. This assignment is for a healthcare finance class. I have attached the questions and assignment page below. Please read the directions care… read more
F. Naz
F. Naz
B.Com
CA Finalist & Completed B.com
1,088 satisfied customers
I need a solution for this problem GeneralProducts Inc. is
i need a solution for this problem GeneralProducts Inc. is incorporated in Nevada, USA on Jan… GeneralProducts Inc. is incorporated in Nevada, USA on Jan 1st 2013 to take over a local retail chain. Th… read more
PDtax
PDtax
Owner
Master\u0027s Degree
1 satisfied customers
Answers to finals. H&R block answers to the final exam
Answers to finals JA: The Tutor can help you get an A on your homework or ace your next test. Tell me more about what you need help with so we can help you best. Customer: H&R block answers to the fin… read more
PDtax
PDtax
Owner
Master\u0027s Degree
1 satisfied customers
Disclaimer: Information in questions, answers, and other posts on this site ("Posts") comes from individual users, not JustAnswer; JustAnswer is not responsible for Posts. Posts are for general information, are not intended to substitute for informed professional advice (medical, legal, veterinary, financial, etc.), or to establish a professional-client relationship. The site and services are provided "as is" with no warranty or representations by JustAnswer regarding the qualifications of Experts. To see what credentials have been verified by a third-party service, please click on the "Verified" symbol in some Experts' profiles. JustAnswer is not intended or designed for EMERGENCY questions which should be directed immediately by telephone or in-person to qualified professionals.

Disclaimer: Information in questions, answers, and other posts on this site ("Posts") comes from individual users, not JustAnswer; JustAnswer is not responsible for Posts. Posts are for general information, are not intended to substitute for informed professional advice (medical, legal, veterinary, financial, etc.), or to establish a professional-client relationship. The site and services are provided "as is" with no warranty or representations by JustAnswer regarding the qualifications of Experts. To see what credentials have been verified by a third-party service, please click on the "Verified" symbol in some Experts' profiles. JustAnswer is not intended or designed for EMERGENCY questions which should be directed immediately by telephone or in-person to qualified professionals.

Show MoreShow Less

Ask Your Question

x