In class problems chapter - Tagged

The following information is available for Wade Corp.: Sales                                     $550,000                  Total fixed expenses               $150,000 Cost of goods sold                 390,000                  Total variable expenses            360,000 A CVP income statement would report   gross profit of $160,000. contribution margin of $400,000. gross profit of $190,000. contribution margin of $190,000.

The most recent monthly income statement for Headphones Manufacturing Company is given below: Department A Department B (S) 600,340 Total (S) 1,006,990 (S) Sales 406,650 Variable expenses Contribution margin Traceable fixed expenses Segment margin Common fixed expenses Net operating income 256.530 420.000 180,340 676,530 150,120 330,460 100,000 50,120 200.000 (19,660) 300,000 30,460 20.870 29.130 50,000 29,250 (48,790) (19,540) Due to its poor result, consideration is being given to closing Department B. Studies show that if Department B is closed, 20% of its traceable fixed expenses will continue unchanged. The studies also show that closing Department B would result in a 5 percent decrease in sales in Department A. The company allocates common fixed expenses to the departments on the basis of sales dollars. Required: c) The company has done a detailed investigation to the production in Department A. Currently, department produces 4 products as follow: A B Selling price per unit…

Haresh

Copr. Goedl Uplift, Inc. reported the following financial data for the segmented income statements: Sales $125,000 Variable expenses $63,000 Contribution margin $62,000 Total fixed expenses $42,000 Common fixed expenses $15,000 How much are traceable fixed expenses? $83,000 $20,000 $48,000 $27,000 SUBMIT B 4 5 LO 5

A summary of HM Co's recent statement of profit or loss is given below: $'000 Revenue 10,123 Cost of sales (7,222) Gross profit 2,901 Expenses (999) Profit before interest and tax 1,902 Interest (1,000) Tax (271) Profit after interest and tax 631 70% of cost of sales and 10% of expenses are variable costs. What is HM Co's operational gearing?

Starwise Company had the following amounts from its income statement: $100,000 Sales revenue 32,000 Cost of goods sold -fixed 25,000 Cost of goods sold -variable 9,000 Selling expenses - fixed Selling expenses - variable 11,000 Administrative expenses - fixed 12,000 Administrative expenses - variable 8,000 How much is Starwise's contribution margin? $56,000. O$3,000. O $75,000. $43,000.

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Choose the correct letter of answer In 20x2 the Cranky Processing Company had the following data coming from its income statement (in Pesos): Sales, P1,200,000; Variable costs: (a) Goods sold, P400,000 and (b) S&A Expenses, P100,000; Fixed costs: (a) Factory overhead, P110,000, and S&A Expenses, P80,000. Income tax rate is 15%. Determine the required peso sales to provide an after-tax net income of P150,000.  a. P261,765b. P176,471c. P366,471d. P628,235

de bne In previous year, Seventy Up, Inc. operated at 250,000 units. The following income ement was provided for you to plan your next year's operation: Sales Cost of goods sold Gross profit Operating expenses, variable costs is P125,000 Net income before income tax eleo P2,000,000d 1,500,000 it P 500,000 ns mh 225,000 P 275,000 29 adeo baud The fixed manufacturing cost in the cost of goods sold is P3.00 Instructions: Revise the income statement to reflect a variable costing method. lad

Blossom Manufacturing Ltd. had sales for January 2022 of $1,025,000. The units sold were 20.500, and the expenses for January 2022 were as follows: Cost of goods sold Selling expenses Administrative expenses Show Transcribed Text Variable $207.050 56.375 29,725 Fixed $123,000 28,700 35,875 10 C Blossom Manufacturing Inc. CVP Income Statement Total Per unit

1. Shown below is an income statement in the traditional format for Ellie Inc, which has a contribution margin ratio of 25%. Sales ...... Cost of goods sold... Gross profit...... Operating expenses: Selling... Administrative.... Operating income $100,000 (70,000) $ 30,000 (5,000) (10,000) $ 15,000 Prepare an income statement in the contribution margin format. b. Calculate the sales per unit, variable expense per unit, and contribution margin per unit if 10,000 units were produced and sold. c. Calculate the cost formula (Y=a+bX). d. Calculate the firm's break even point in units.

A recent income statement of Company A reported the following data:       Units sold              8,000Sales revenue      ₱7,200,000Variable costs      ₱4,000,000Fixed costs            ₱1,600,000                      If the company desired to earn a target net profit of ₱480,000, it would have to sell:A.   1,200 units. B.   2,800 units. C.   4,000 units. D.   5,200 units.

Ultimo Company operates three production departments as profit centers. The following Information is avallable tor its most recent year Depntment 2s comciodn to o n dollars is: Sales Department 1 $ 3,500,000 Department 2 $ 1,400,000 Cost of Department 3 goods sold 2,450,000 $ 2,450,0o0 Direct expenses 525,000 1,050,000 Indirect expenses 350,000 140,000 525,000 280,000 350,000 70,000 Multiple Choice $735,000. $525,000. $35,000. $910,000. 10 of 25 no. ( Prev

Please explain in detail

A. Compute the profit margin for 20X1. B.

Lantern Company has three product lines: D, E, and F. The following information is available: D E F Sales revenue $85,000 $43,000 $20,000 Variable expenses $42,000 $23,000 $12,000 Contribution margin $43,000 $20,000 $8,000 Fixed expenses $12,000 $15,000 $17,000 Operating income (loss) $31,000 $5,000 $(9,000) Lantern Company is thinking of discontinuing product line F because it is reporting an operating loss. All fixed costs are unavoidable. Lantern Company discontinues product line F and rents the space formerly used to produce product F for $22,000 per year, what affect will this have on operating income? A. Increase $31,000 B. Increase $41,000 C. Decrease $14,000 D. Increase $14,000

Hernando​ Manufacturing, Inc. reported the following information for the​ year:   Number of Units Produced ​$152,000 Number of Units Sold ​62,000 Cost of Goods Manufactured ​268,000 Cost of Goods Sold ​52,900 Sales Revenue ​130,000 Gross Profit ​72,940 Operating Expense ​727,000   What was the unit product​ cost? (Round your answer to the nearest​ cent.)   A. ​$1.76   B. ​$0.85   C. ​$0.86   D. ​$4.32

subquestion 1 and 2

Tyler Company has the following information pertaining to its two product lines for last year: Variable selling and admin. expenses Direct fixed expenses Sales Direct fixed selling and admin. expenses Variable expenses Operating income Common expenses are $105,000 for the year. What is the income for Tyler Company? $102,500 $120,500 $99,000 $101,000 Product A $38,000 19,500 250,000 38,000 42,000 $112,500 " Product B $31,000 34,500 210,000 22,000 31,000 $91,500

What is the net income of this general accounting question?

As a costing team member, calculate the gross profit if: Sales P6,000; Cost of Sales P5,000; Beginning Inventory P1,000; Purchases P4,000; Wages P2,000; and Office Rent P1,000?a. Loss = P2,500b. Loss = P1,500c. Profit = P2,500d. Profit = P1,000

Can you please answer the question

Please help me figure a-e

The following information relates to the Jasmine Company for the upcoming year: Sales Amount Per Unit Sales $8,120,000 6,496,000 $32.00 Cost of goods sold Gross margin Operating expenses 22.00 1,624,000 10.00 690,000 3.00 Operating profits $ 934,900 $ 7.00 The cost of goods sold includes $2,375,100 of fixed manufacturing overhead; the operating expenses include $223,100 of fixed marketing expenses. A special order offering to buy 56.000 units for $16.20 per unit has been made to Jasmine. Fortunately, there will be no additional operating expenses associated with the order; however, Jasmine is operating at full capacity. How much will operating profits increase if Jasmine accepts the special order? Multiple Choice $280,000. $140,000. $56,000. Operating profits will not increase as a result of accepting the special order.

a.Sales 200,000b.Interest expenses 10,000c.tax 5,000d.Administration expenses 2,000e.advertisement expenses 1,000f.cost of good sold 95,000g. utility 20,000h. Raw material 30,000 base on the data given , Prepared an income statement for company X in 31 December 2003. #please explain to me why  raw material not include or include in the income statement

The related data of Rolene Company:                                          Net income                                                 P358,750           Operating expenses                                 250,000             Sales                                                              1,875,200          Finished goods, ending                           200,500             Finished goods, beginning                     178,900                                                                                     How much is the cost of goods manufactured?

can you show work and show how to do it in excel?