CPD CO. produces a product using an expensive proprietary machine that can onlybe leased. The leasing company offers two contracts. The first (unit-rate lease) is onewhere CPD would pay $4 per unit produced, regardless of the number of productionunits. The second lease option (flat-rate lease) is one where CPD would pay $60,000per month, regardless of the number produced. The lease will run one year, and thelease option chosen cannot be changed during the year. All other lease terms are thesame.The product sells for $35 per unit and unit variable cost (excluding any machine leasecosts) are $17. Monthly fixed costs (excluding any machine lease costs) are $205,000.The sales volume is the same as the production volume. At what volume would theoperating profit be the same regardless of the lease option chosen?A. 13000 unitsB. 10000 unitsC. 12500 unitsD. 15000 units

CPD Hardware is registered as a VAT vendor. All the suppliers of the entity are also registered for VAT.  All goods are sold at a constant mark-up of 25% on cost and a perpetual inventory system is in use. The following is an extract from the subsidiary journals of CPD Hardware for the month ended 30 June 2023: Purchases journal RVAT Input2 250Inventory15 000Trade payables control17 250  Purchases returns journal RVAT Input345Inventory2 300Trade payables control2 645  Sales journal RVAT Output1 170Sales7 800Trade receivables control8 970Cost of sales?  Sales returns journal RVAT Output330Sales returns2 200Trade receivables control2 530Cost of sales? Required: Post the applicable totals from the above subsidiary journals to the inventory account in the general ledger of CPD Hardware for the month ended 30 June 2023.Instructions:Use a full stop to indicate any decimals (eg: 1000.01)Round off to the second decimal after the full stop (eg: 50.56)If no amount should be recorded in any of the numeric spaces, please indicate it by filling in a zero ("0")   DrInventoryCr2023   R2023   RJun30AnswerAnswerAnswerJun30AnswerAnswerAnswer  AnswerAnswerAnswer  AnswerAnswerAnswer  Balancec/dAnswer  Balancec/dAnswer    Answer    AnswerJul1Balanceb/dAnswerJul1Balanceb/dAnswer

__________ is not a fixed cost.a.monthly rent of $1,000 contractually specified in a one-year leaseb.an insurance premium of $50 per year, paid last monthc.an attorney's retainer of $50,000 per yeard.a worker's wage of $15 per hour

Reid Manufacturing provides the following information about their product:Selling price per unit$200Variable manufacturing costs per unit$ 50Fixed manufacturing costs per unit$ 60Variable selling costs per unit$ 40Fixed selling costs per unit$ 20Expected production and sales800 unitsContribution margin per unit is:Question 10Select one:a.$30b.$90c.$110d.$150e.None of these is correct

On June 1 of the current year, a company entered into a real estate lease agreement for a new building. The lease is an operating lease and is fully executed on that day. According to the terms of the lease, payments of $28,900 per month are scheduled to begin on October 1 of the current year and to continue each month thereafter for a total of 56 months. The lease term spans five years. The company has a calendar year-end. What amount is the company's lease expense for the current calendar year

ABC Ltd signed a 4-year contract with Comp Ltd for the use of a customised machinery on 1 July 2022.ABC Ltd intends to return the asset at the end of the lease term. The leased machinery meets the criteria of a leased asset in accordance with AASB16 Leases. The following information shows the lease terms: Lease term (non-cancellable)4 yearsExpected useful life of the machinery6 yearsExpected fair value of the machinery at the end of lease term$30 000Residual value guaranteed$50 000Bargain purchase price at the end of lease term$60 000Net initial directly attributable costs (paid at 1 July 2022)$8 000Annual lease payment (paid in arrears) $70 000Interest rate implicit in the lease10% p.a. Required:Which journal entries that ABC needs to record on 1 July 2022 in relation to the lease contract?