Dawson Backpack, Inc. produced and sold 60,000 backpacks dur…

Dawson Backpack, Inc. produced and sold 60,000 backpacks during the year at a price of $20 per unit. Variable manufacturing costs were $ 8 per unit and variable marketing costs were $4 per unit. Fixed costs amounted to $250,000 for manufacturing and $56,000 for marketing. There was no beginning or ending inventory. What was Dawson’s breakeven in sales dollars for the year?

Trinkle Corporation uses activity-based costing. The company…

Trinkle Corporation uses activity-based costing. The company produces two products: Snaps and Pops. The expected annual production of Snaps is 1,000 units, while the expected annual production of Pops is 3,000 units. There are three activity cost pools: Assembly, Testing, and Packing. The estimated costs and activities for each of these three activity pools follows: Expected activity: Activity cost pool Estimated cost Snaps Pops Total Assembly  $ 4,550  600  100  700 Testing  $ 22,320  1,100   700 1,800 Packing  $ 1,738  60 160 220 The overhead cost of Pops would be closest to:

Texas Computer Repair uses accrual basis accounting. A compu…

Texas Computer Repair uses accrual basis accounting. A computer was repaired on May 15. The customer picked up the computer on June 1 and mailed the payment on June 5. On time computer repair received the check in the mail on June 10. The revenues should be recognized as earned on which date?