AC Project3 calculations
.xlsx
keyboard_arrow_up
School
University of Maryland Global Campus (UMGC) *
*We aren’t endorsed by this school
Course
630
Subject
Accounting
Date
Apr 3, 2024
Type
xlsx
Pages
16
Uploaded by ayindecole97
14-Mar-22
Standard Boxes Profit Maximization ( obtain Column C to H from Project 2) Price
5
$ 22.00 $ 110.00 $ 10.00 5.5
$ 21.60 $ 118.80 $ 10.00 6
$ 21.20 $ 127.20 $ 10.00 6.5
$ 20.80 $ 135.20 $ 10.00 7
$ 20.40 $ 142.80 $ 10.00 7.5
$ 20.00 $ 150.00 $ 10.00 8
$ 19.60 $ 156.80 $ 10.00 8.5
$ 19.20 $ 163.20 $ 10.00 9
$ 18.80 $ 169.20 $ 10.00 9.5
$ 18.40 $ 174.80 $ 10.00 10
$ 18.00 $ 180.00 $ 10.00 10.5
$ 17.60 $ 184.80 $ 10.00 11
$ 17.20 $ 189.20 $ 10.00 11.5
$ 16.80 $ 193.20 $ 10.00 12
$ 16.40 $ 196.80 $ 10.00 12.5
$ 16.00 $ 200.00 $ 10.00 13
$ 15.60 $ 202.80 $ 10.00 13.5
$ 15.20 $ 205.20 $ 10.00 14
$ 14.80 $ 207.20 $ 10.00 Deluxe Boxes Profit Maximization ( Columns C to H obtain from Project 2)
Price
1
$ 30.00 $ 30.00 $ 20.00 1.2
$ 29.50 $ 35.40 $ 20.00 1.35
$ 29.00 $ 39.15 $ 20.00 1.5
$ 28.50 $ 42.75 $ 20.00 1.55
$ 28.00 $ 43.40 $ 20.00 1.6
$ 27.50 $ 44.00 $ 20.00 1.65
$ 27.00 $ 44.55 $ 20.00 1.7
$ 26.50 $ 45.05 $ 20.00 In Project 3 you will analyse managerial and costing information to improve the company's EBITD
activity-based costing and cost-volume-profit analysis to make recommendations about LGI’s oper
Step 1: Use the information you calculated in Project 2 Tab 3 Profit Maximization to populate ha
Step 2: Assume the company operates for 12 months of the year convert the information you po
to M for both the Standard and Deluxe Boxes. Step 3: Assume for this project that the only variable costs in this company are materials and lab
Standard boxes sold per month (millions)
Revenue (price x volume)
Variable Cost per Standard box
Deluxe boxes sold per month (millions)
Revenue (price x volume)
Variable Cost per Deluxe box
1.75
$ 26.00 $ 45.50 $ 20.00 1.8
$ 25.50 $ 45.90 $ 20.00 1.85
$ 25.00 $ 46.25 $ 20.00 1.9
$ 24.50 $ 46.55 $ 20.00 1.95
$ 24.00 $ 46.80 $ 20.00 2
$ 23.50 $ 47.00 $ 20.00 2.05
$ 23.00 $ 47.15 $ 20.00 2.1
$ 22.50 $ 47.25 $ 20.00 2.15
$ 22.00 $ 47.30 $ 20.00 2.2
$ 21.50 $ 47.30 $ 20.00 2.25
$ 21.00 $ 47.25 $ 20.00 Question 2 Standard Boxes Deluxe Boxes Total 9
1.5
10.5
108
18
126
$ (in millions) $ (in millions) $ (in millions) Revenue $ 2,030.40 $ 513.00 $ 2,543.40 $ 1,080.00 $ 360.00 $ 1,440.43 $ 950.40 $ 153.00 $ 1,103.40 $ 120.00 $ 36.00 $ 156.00 $ 830.40 $ 117.00 $ 947.40 40.90%
22.81%
The Company currently operates by selling 9 Million Standard Boxes and 1.5 Million Deluxe Boxes
The CEO is convinced that under the current cost allocation which allocates fixed costs on a lump s
allocation basis) , Deluxe boxes is not contributing much to company profit and with recent threa
should consider to no longer produce Deluxe Boxes. Required (place answers in the in the Grey Spaces provided)
1)
Calculate how much operating profit each product makes? 2)
Calculate the Operating Profit percentage (based on sales)for each product. HINT Use the annual information calculated in Question 1 to complete Question 2 Number of Boxes per month (in Millions) Number of Boxes per year (millions) Subtract
: Variable Costs Equals
: Contribution Margin Subtract
: Fixed Costs Equals
: Operating Profit Operating Profit % (based on revenue)
$ 50.00 $ 10.00 $ 60.00 $ 50.00 $ 1,320.00 $ 55.00 $ 10.00 $ 65.00 $ 53.80 $ 1,425.60 $ 60.00 $ 10.00 $ 70.00 $ 57.00 $ 1,526.40 $ 65.00 $ 10.00 $ 75.00 $ 60.20 $ 1,622.40 $ 70.00 $ 10.00 $ 80.00 $ 62.80 $ 1,713.60 $ 75.00 $ 10.00 $ 85.00 $ 65.00 $ 1,800.00 $ 80.00 $ 10.00 $ 90.00 $ 66.80 $ 1,881.60 $ 85.00 $ 10.00 $ 95.00 $ 68.20 $ 1,958.40 $ 90.00 $ 10.00 $ 100.00 $ 69.20 $ 2,030.40 $ 95.00 $ 10.00 $ 105.00 $ 69.80 $ 2,097.40 $ 100.00 $ 10.00 $ 110.00 $ 70.00 $ 2,160.00 $ 105.00 $ 10.00 $ 115.00 $ 69.80 $ 2,217.60 $ 110.00 $ 10.00 $ 120.00 $ 69.20 $ 2,270.40 $ 115.00 $ 10.00 $ 125.00 $ 68.20 $ 2,318.40 $ 120.00 $ 10.00 $ 130.00 $ 66.80 $ 2,361.60 $ 125.00 $ 10.00 $ 135.00 $ 65.00 $ 2,400.00 $ 130.00 $ 10.00 $ 140.00 $ 62.80 $ 2,433.60 $ 135.00 $ 10.00 $ 145.00 $ 60.20 $ 2,462.40 $ 140.00 $ 10.00 $ 150.00 $ 57.20 $ 2,486.40 $ 20.00 $ 3.00 $ 23.0000 $ 7.00 $ 360.00 $ 24.00 $ 3.00 $ 27.0000 $ 8.40 $ 424.80 $ 27.00 $ 3.00 $ 30.0000 $ 9.15 $ 513.00 $ 30.00 $ 3.00 $ 33.0000 $ 9.75 $ 520.80 $ 31.00 $ 3.00 $ 34.0000 $ 9.40 $ 528.00 $ 32.00 $ 3.00 $ 35.0000 $ 9.00 $ 534.60 $ 33.00 $ 3.00 $ 36.0000 $ 8.55 $ 540.60 $ 34.00 $ 3.00 $ 37.0000 $ 8.05 $ 546.00 DA. You will use what you have learned about cost behavior and apply rational productivity. as Columns C to H in Question 1. opulated in Columns C to H to annual information and populate Columns I bour. All other overhead costs will be assumed to be fixed. Variable Cost (cost per unit x volume)
Fixed cost per month (millions)
Total Cost (Fixed + Variable)
Monthly Profit (revenue - all costs)
Annual Revenue (millions) Variable Cost (cost per unit x volume)
Fixed cost per month (millions)
Total Cost (Fixed + Variable)
Monthly Profit (revenue - all costs)
Annual Revenue (millions)
$ 35.00 $ 3.00 $ 38.0000 $ 7.50 $ 550.00 $ 36.00 $ 3.00 $ 39.0000 $ 6.90 $ 555.00 $ 37.00 $ 3.00 $ 40.0000 $ 6.25 $ 558.00 $ 38.00 $ 3.00 $ 41.0000 $ 5.55 $ 561.60 $ 39.00 $ 3.00 $ 42.0000 $ 4.80 $ 564.00 $ 40.00 $ 3.00 $ 43.0000 $ 4.00 $ 565.80 $ 41.00 $ 3.00 $ 44.0000 $ 3.15 $ 567.00 $ 42.00 $ 3.00 $ 45.0000 $ 2.25 $ 567.60 $ 43.00 $ 3.00 $ 46.0000 $ 1.30 $ 567.60 $ 44.00 $ 3.00 $ 47.0000 $ 0.30 $ 567.60 $ 45.00 $ 3.00 $ 48.0000 $ (0.75)
$ 567.60 s per month. sum method (arbitrarily using a monthly ats from environmental groups thinks that LGI
Annual information ( for 12 Months) Annual Profit $ 600.00 $ 120.00 $ 720.00 $ 600.00 $ 660.00 $ 120.00 $ 780.00 $ 645.60 $ 720.00 $ 120.00 $ 840.00 $ 686.40 $ 780.00 $ 120.00 $ 900.00 $ 722.40 $ 840.00 $ 120.00 $ 960.00 $ 753.60 $ 900.00 $ 120.00 $ 1,020.00 $ 780.00 $ 960.00 $ 120.00 $ 1,080.00 $ 801.60 $ 1,020.00 $ 120.00 $ 1,140.00 $ 818.40 $ 1,080.00 $ 120.00 $ 1,200.00 $ 830.40 $ 1,140.00 $ 120.00 $ 1,260.00 $ 837.60 $ 1,200.00 $ 120.00 $ 1,320.00 $ 840.00 $ 1,260.00 $ 120.00 $ 1,380.00 $ 837.60 $ 1,320.00 $ 120.00 $ 1,440.00 $ 830.40 $ 1,380.00 $ 120.00 $ 1,500.00 $ 818.40 $ 1,440.00 $ 120.00 $ 1,560.00 $ 801.60 $ 1,500.00 $ 120.00 $ 1,620.00 $ 780.00 $ 1,560.00 $ 120.00 $ 1,680.00 $ 753.60 $ 1,620.00 $ 120.00 $ 1,740.00 $ 722.40 $ 1,680.00 $ 120.00 $ 1,800.00 $ 686.40 Annual information ( for 12 Months) $ 120.00 $ 120.00 $ 240.00 $ 120.00 $ 144.00 $ 120.00 $ 264.00 $ 160.80 $ 162.00 $ 120.00 $ 282.00 $ 187.80 $ 180.00 $ 120.00 $ 300.00 $ 213.00 $ 186.00 $ 120.00 $ 306.00 $ 214.80 $ 192.00 $ 120.00 $ 312.00 $ 216.00 $ 198.00 $ 120.00 $ 318.00 $ 216.00 $ 204.00 $ 120.00 $ 324.00 $ 216.60 Annual VC (millions)
Annual FC (millions)
Annual Total Costs (millions)
Annual VC (millions)
Annual FC (millions)
Annual Total Costs (millions)
Annual Profit (millions)
$ 210.00 $ 120.00 $ 330.00 $ 216.60 $ 216.00 $ 120.00 $ 336.00 $ 214.80 $ 222.00 $ 120.00 $ 342.00 $ 213.00 $ 228.00 $ 120.00 $ 348.00 $ 210.00 $ 234.00 $ 120.00 $ 354.00 $ 207.60 $ 240.00 $ 120.00 $ 360.00 $ 204.00 $ 246.00 $ 120.00 $ 366.00 $ 199.80 $ 252.00 $ 120.00 $ 372.00 $ 195.00 $ 258.00 $ 120.00 $ 378.00 $ 189.60 $ 264.00 $ 120.00 $ 384.00 $ 183.60 $ 270.00 $ 120.00 $ 390.00 $ 177.00
Your preview ends here
Eager to read complete document? Join bartleby learn and gain access to the full version
- Access to all documents
- Unlimited textbook solutions
- 24/7 expert homework help
Related Questions
30
arrow_forward
K16
1
2
3
#
5
3
Projected Sales Volume
3 Desired Ending Inventory
9
0 Units Needed
1 Beginning Inventory
2
3 Projected Production
4
5
6
7
L8SOT
9
0
A
1
fx
B
с
Paulson Paint, Inc
Production Budget
For the Year Ended December 31, 2019
Magnificent
Paint
435,000
36,000
33,500
D
E
Marvelous
Paint
338,154
29,000
25,890
F
Total
G
H
arrow_forward
Multiple choice pls answer numbers 4 to 8
arrow_forward
A
2
Category
3
Sales
4 Cost of Goods Sold
15
a. Calculate ROA for current values.
16 Note: Round your answers to 2 decimal places.
17
18 SPM Outputs
19
Gross Profit
20
B
Current Input Values
$3,237,000.00
$2,490,000.00
$415,000.00
$161,850.00
$465,000.00
$162,000.00
$546,000.00
$492,000.00
5 Variable Expenses
6 Fixed Expenses
7 Inventory
8 Accounts Receivable
9 Other Current Assets
10
Fixed Assets
11
12 Required:
13 Note: Use cells A2 to C10 from the given information to complete this question.
14
Total Expenses
21
Net Profit
22 Net Profit Margin
23
Current Assets
24 Total Assets
25 Asset turnover
26 ROA (%)
27
28 b. Calculate ROA for new values.
29 Note: Round your answers to 2 decimal places.
30
31 SPM Outputs
32
Gross Profit
33 Total Expenses
34 Net Profit
35 Net Profit Margin
36 Current Assets
37 Total Assets
38 Asset turnover
39 ROA (%)
40
41
42
C
New Input Values
$3,560,700.00
$2,490,000.00
$383,875.00
$161,850.00
$395,250.00
$162,000.00
$546,000.00
$492,000.00
D
E
F
TI
G
H
I
J
K…
arrow_forward
Date
Date
1/9/18
10/9/18
Dollar Rate
Dollar Rate
1,16
Price in Euros Price in Dollars Price in Dollars Difference
1,18
Model
300 VRG
625 RTM
475 GRM
200 GRM
650 MTY
600 RTM
500 MTY
46.900 €
$55.342
$54.404
$938
66.700 €
$78.706
$77.372
$1.334
96.100 €
122.600 €
164.900 €
214.400 €
247.300 €
$113.398
$111.476
$1.922
$144.668
$142.216
$2.452
$194.582
$191.284
$3.298
$252.992
$291.814
$248.704
$286.868
$4.288
$4.946
1) Most of your exports to the US belong to the
model 600 RTM. The experience shows that, if the
price of this product rises over 215000 dollars, the
exported units will be reduced. If this product is
priced in euros, and assuming the trend shown in
question 1 continues, what would be the
consequences for your company's exports?
arrow_forward
00
Chapter 1
PROBLEM 1-19 Traditional and Contribution Format Income Statements L01-6
Todrick Company is a merchandiser that reported the following information based on 1,000 units sold:
Sales.....
Beginning merchandise inventory.
Purchases.....
1.
2.
3.
4.
5.
6.
Ending merchandise inventory
Fixed selling expense......
Fixed administrative expense.
Variable selling expense.
Variable administrative expense
Contribution margin.
Net operating income
$300,000
$20,000
$200,000
$7,000
?
$12,000
$15,000
?
$60,000
$18,000
Required:
Prepare a contribution format income statement.
Prepare a traditional format income statement.
Calculate the selling price per unit.
Calculate the variable cost per unit.
Calculate the contribution margin per unit.
Which income statement format (traditional format or contribution format) would be more
useful to managers in estimating how net operating income will change in responses to
changes in unit sales? Why?
arrow_forward
Use Goal Seek to find the new price per box (cell K8) to reach a new daily average sales goal of $3,000 in cell K7. Accept the
solution found by Goal Seek.
arrow_forward
Question 16
/1
View Policies
Current Attempt in Progress
If the required direct materials purchases are 32000 pounds, the direct materials required for production is three times
the direct materials purchases, and the beginning direct materials are three and a half times the direct materials
purchases, what are the desired ending direct materials in pounds?
oport
48000
O 32000
O 80000
O 16000
)
hp
prt sc
delete
home
%
6
num
backspace
lock
P
home
K
enter
pause
tn
tn
USE YOUR SMARTPHONE FOR
M
I
arrow_forward
QUESTION 6
2
what is the Mark up dollars?
Retail
$25.00
Cost
Markup
38%
arrow_forward
<
Cost Flow Methods
The following three identical units of Item JC07 are purchased during April:
Units Cost
April 2
April 15
April 20
Total
Item Beta
Purchase
Purchase
Purchase
a. First-in, first-out (FIFO)
b. Last-in, first-out (LIFO)
c. Weighted average cost
1
1
1
3
$94
97
Gross Profit
100
$291
Average cost per unit
($291 + 3 units)
Assume that one unit is sold on April 27 for $120. Determine the gross profit for April and ending inventory on April 30 using the (a) first-in, first-out (FIFO); (b) last-in,
first-out (LIFO); and (c) weighted average cost method.
$97
Ending Inventory
$
arrow_forward
4. Size of Accounts Receivable [LO1] Skye Flyer, Inc.,
has weekly credit sales of $21,900, and the average collection
period is 33 days. What is the average accounts receivable
figure?
arrow_forward
レ
%24
B5 Chapter 10 Lab application-A X
Bb Chapter 10 Lab application -A X
* CengageNOWv2 | Online teach x
keAssignment/takeAssignmentMain.do?invoker=&takeAssignmentSessionLocator=&inprogre... *
eBook
Show Me How
The following information is taken from a company's records.
Cost
Market value
per Unit
per Unit
Inventory Item 1 (9 units)
$32
$31
Inventory Item 2 (21 units)
6 -
6-
Inventory Item 3 (12 units)
9.
8.
Applying the lower-of-cost-or-market approach, what is the correct value that should be reported on the balance sheet for the
inventory?
S7IOIA
Show All
Check Mv Work 4 more Check My Work uses remainina
Sample Proble....docx
Sample Proble...docx
Proble....docx
arrow_forward
Exercise 5-12
The president of Normolle Mfg. Co. which manufactures only one product,
requests an analysis of the causes of the change in gross profit. An investigation
reveals the following:
Sales
Cost of Sales
Gross Profit
2020
Amount
P1,224,000
700,800
P523,200
Per Unit
P10.20
5.84
P4.36
2019
Amount
P1,000,000
600,000
P400,000
Per Unit
REQUIRED:
1. A detailed analysis of the causes for the change in gross profit graphically.
P10.00
6.00
P4.00
arrow_forward
+ I/
An
V -
MI
* 00
關
因
T
F.
PR
44
%#3
@https://ezto.mheducation.com/ext/map/index.html?_con3Dcon&e
dit - Chapter 11 & 13 Review
Saved
Help
Save & Exit
The Colson Company has budgeted sales for the year as follows:
1.
13,300 15,300 19,200| 17,300
Quarter
2
Sales in units
The ending inventory of finished goods for each quarter should equal 25% of the next quarter's budgeted sales in units. The finished goods
inventory at the start of the year is 4,300 units. Scheduled production for the third quarter is (in units)
Multiple Choice
18,725 units.
O 19,675 units.
Graw
< Prev
16 of 20
Next
11!H
pe here to search
近
Dツ
+D
F-4
F7
PrtSc
F10
F11
Dele
65
F12
Ins
23
&
2.
9.
6
S
G
N
Alt
Ctrl
arrow_forward
Chapter 5(1) i
12
Part 10 of 15
1
points
eBook
Print
References
!
Required information
The Foundational 15 (Algo) [LO5-1, LO5-2, LO5-3, LO5-4, LO5-5, LO5-6, LO5-7]
[The following information applies to the questions displayed below.]
Sales
Variable expenses
Contribution margin
Fixed expenses
Net operating income
Oslo Company prepared the following contribution format income statement based on a sales volume of 1,000 units (the
relevant range of production is 500 units to 1,500 units):
Number of units
ezto.mheducation.com
$ 15,000
9,000
80
Saved
6,000
3,120
$ 2,880
Foundational 5-10 (Algo)
10. How many units must be sold to achieve a target profit of $3,600?
Note: Round intermediate calculations to 2 decimal places.
0
Help
Save & Ex
Chec
arrow_forward
7:34
ll 5G
e Ims.trainingcertificationedge.com-Private
1:49:40
REMAINING O
Question 7 of 100
Which of the following statements about
the interrelationships of volume and price
is TRUE?
A. Price increases raise the
percentage of variable costs
to sales.
B. Volume increases lower
the variable cost percentage.
C. Price increases reduce
variable costs.
D. Volume increases raise
variable costs.
arrow_forward
Question number 17
arrow_forward
LL
Cost
per bag
$1.00
$1.50
$2.00
600,000
$2.75 400,000
Bags sold Profit
1,500,000
800,000
A. $1.50 per bag
C. $2.75 per bag
per bag
$0.20
$0.35
$0.60
$0.85
Which of the 4 price
options listed in the
table will maximize
the total profit made
by a potato chip
manufacturer?
A 9 a
B. $1.00 per bag
D. $2.00 per bag
Copyright © 2003-2022 International Academy of Science. All Rights
Reserved.
H
4x
arrow_forward
complete the table?
arrow_forward
vnt.6
arrow_forward
Sites
JESS
Time Remaining: 01:04:03
A Hide Time Remaining A
Part 1 of 2-
Question 5 of 50
1 Points
The budget of a company for next period shows that it would breakeven at a sales value of GHC800000 with fixed cost of
GH¢320000. What sales value should the company target to derive a profit of GH¢200000 in the next period?
O A. GHC1320000
OB. GHC1300000
OC. GHC1000000
O D. GHC866667
Reset Selection
11:59
3/18/2
Ps
arrow_forward
compute highlighted cells using
the LIFO method
A
B
E
F
G
Units
in
Cost
per unit
Total cost
Units
H
Selling Total Sales
price per
K
unit
6
January 01
Beginning inventory
210
$13.50 $2,835.00
7
January 10
Sales
160
$22.50 $3,600.00
8
January 20
Purchase
150
$12.50 $1,875.00
9
January 25
Sales
180
$22.50 $4,050.00
10
January 30
11
Purchase
Totals
340 $12.00 $4,080.00
700
$8,790.00
340
$7,650.00
12
13
Perpetual LIFO
14
Units available
Cost of Goods Sold - Jan 10
Units Cost Cost of
per unit goods sold
Cost of Goods Sold - Jan 25
Units
Cost Cost of
Ending Inventory
Units
Cost
Invento
per unit goods sold
per unit
15
210 units from beginning inventory
$13.50
$13.50
$13.50
16
150 units purchased on January 20
$12.50
$12.50
$12.50
17
340 units purchased on January 30
$12.00
$12.00
$12.00
18
Totals
0
$0.00
°
$0.00
°
$0
19
an
arrow_forward
Answer ALL FOUR Questions
Question 12
Total Pop's data show the following information of January, February, March, April,
May 2022 (respectively):
♦
+
Additional information
Finished goods inventory is required to be 20% of the next month's
.
Jan.
Feb. Mar. Apr. May
Estimated sales (units) 15,000 14,500 16,000 15,500 15,800
Sales price per unit $ 45 $ 45 $ 45 S
45 $
45
Direct labor per unit $ 3 $ 3 $2.25 S 2 $
Labor rate per hour $ 18 $ 18 S 21 $ 21 S
2
21
requirements.
The ending inventory required for direct materials is 15% of the next month's
needs.
Direct material requires 2 pounds per unit at a cost of $3 per pound.
In January, the beginning inventory is 3,000 units of finished goods and 4,470
pounds of material.
Required:
Prepare the below budgets for the company:
(a) a production budget for the first quarter of the year.
(b) direct materials budget for the first quarter of the year.
X
arrow_forward
69
%24
Cost Flow Methods
The following three identical units of Item JC07 are purchased during April:
Item Beta
Units
Cost
April 2
Purchase
$317
April 15
Purchase
1.
318
April 20
Purchase
319
Total
$954
Average cost per unit
$318
($954 3 units)
Assume that one unit is sold on April 27 for $439. Determine the gross profit for April and ending inventory on April 30 using the (a) first-in, first-out
(FIFO); (b) last-in, first-out (LIFO); and (c) weighted average cost method.
Gross Profit
Ending Inventory
a. First-in, first-out (FIFO)
b. Last-in, first-out (LIFO)
C. Weighted average cost
Check My Work
arrow_forward
Image answer me
arrow_forward
3-36. CONTRIBUTION MARGIN, GROSS MARGIN, AND MARGIN
www
OF SAFETY. Bella Beauty manufactures and sells a face cream to small
specialty stores in the greater Los Angeles area. It presents the monthly
operating income statement shown here to George Sanchez, a potential
investor in the business. Help Mr. Sanchez understand Bella Beauty's
cost structure.
Required
1. Recast the income statement to emphasize contribution margin.
2. Calculate the contribution margin percentage and breakeven point
in units and revenues for June 2020.
3. What is the margin of safety (in units) for June 2020?
4. If sales in June were only 9,500 units and Bella Beauty's tax rate is
30%, calculate its net income.
arrow_forward
A1
fx
Chapter 6: Ap
B
D
E
Chapter 6: Applying Excel
3 Data
4 Selling price per unit
5 Manufacturing costs:
6 Variable per unit produced:
Direct materials
$50
7
$11
8
Direct labor
$6
$3
Variable manufacturing overhead
10 Fixed manufacturing overhead per year
11 Selling and administrative expenses:
12 Variable per unit sold
13 Fixed per year
9
$120.000
$4
S70,000
14
15
Year 1
Year 2
16 Units in beginning inventory
17 Units produced during the year
18 Units sold during the year
10,000
6.000
8,000
6,000
19
20 Enter a formula into each of the cells marked with a ? below
21 Review Problem 1: Contrasting Variable and Absorption Costing
22
23 Compute the Ending inventory
24
Year 1
Year 2
25 Units in beginning inventory
26 Units produced during the year
27 Units sold during the year
28 Units in ending inventory
2,000
6,000
6,000
10,000
8.000
2,000
2,000
29
30 Compute the Absorption Costing Unit Product Cost
Year 1
$11
31
Year 2
$11
32 Direct materials
33 Direct labor
34 Variable manufacturing…
arrow_forward
Question 42 of 50
く
-/1
View Policies
Current Attempt in Progress
Concord Corporation began using dollar-value LIFO for costing its inventory last year. The base year layer consists of $601000.
Assuming the current inventory at end of year prices equals $831000 and the index for the current year is 1.2, what is the endinɛ
inventory using dollar-value LIFO?
O $831000.
O $710800.
O $997200.
O $692500.
Save for Later
Attempts: 0 of 2 used
Submit Answer
arrow_forward
None
arrow_forward
Sh12
Please help me
Solution
Thankyou
arrow_forward
Arial
10
v A A
2 Wrap Text v
General
$ v % 9
00
0
Conditional Format,
Formatting as Table Styles
Cell
Paste
BIUV
v A v
2 Merge & Center v
.00
39
Xv fx
B
E
F
G
H
1
Evergreen Fertilizer Company produces fertilizer. The company's fixed monthly cost is $25,000.00, and its variable
per pound of fertilizer is $0.15. Evergreen sells the fertilizer for $0.40 per pound.
cost
4
a) Determine the break-even volume for the company. What is the Contribution Margin?
6
b) If Evergreen Fertilizer Companychanges the price of its fertilizer from $0.40 per pound to $0.60 per pound. Wha
will the change have on the break-even volume. What is the Contribution Margin?
7
t effect
8
9
c) Using the price of $0.60 per pounds, if Evergreen Fertilizer Companyc hanges its production process to ad a we
killer to the fertilizer in order to increase sales, the variable cost per pound will increase from $0.15 to $0.22. What
10
eed
11
t effect
12
will this change have on the break-even volume.
13
d) If Evergreen…
arrow_forward
Question Content Area
Present value of $1
Periods
6%
8%
10%
12%
14%
16%
1
0.94340
0.92593
0.90909
0.89286
0.87719
0.86207
2
0.89000
0.85734
0.82645
0.79719
0.76947
0.74316
3
0.83962
0.79383
0.75131
0.71178
0.67497
0.64066
4
0.79209
0.73503
0.68301
0.63552
0.59208
0.55229
5
0.74726
0.68058
0.62092
0.56743
0.51937
0.47611
6
0.70496
0.63017
0.56447
0.50663
0.45559
0.41044
7
0.66506
0.58349
0.51316
0.45235
0.39964
0.35383
8
0.62741
0.54027
0.46651
0.40388
0.35056
0.30503
9
0.59190
0.50025
0.42410
0.36061
0.30751
0.26295
10
0.55839
0.46319
0.38554
0.32197
0.26974
0.22668
Present value of an annuity of $1
Periods
6%
8%
10%
12%
14%
16%
1
0.94340
0.92593
0.90909
0.89286
0.87719
0.86207
2
1.83339
1.78326
1.73554
1.69005
1.64666
0.74316
3
2.67301
2.57710
2.48685
2.40183
2.32163
0.64066
4
3.46511
3.31213
3.16987
3.03735
2.91371
0.55229
5
4.21236
3.99271
3.79079
3.60478
3.43308
0.47611
6
4.91732
4.62288
4.35526
4.11141
3.88867
0.41044
7
5.58238
5.20637…
arrow_forward
A9
arrow_forward
SEE MORE QUESTIONS
Recommended textbooks for you
Accounting
Accounting
ISBN:9781337272094
Author:WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.
Publisher:Cengage Learning,
Accounting Information Systems
Accounting
ISBN:9781337619202
Author:Hall, James A.
Publisher:Cengage Learning,
Horngren's Cost Accounting: A Managerial Emphasis...
Accounting
ISBN:9780134475585
Author:Srikant M. Datar, Madhav V. Rajan
Publisher:PEARSON
Intermediate Accounting
Accounting
ISBN:9781259722660
Author:J. David Spiceland, Mark W. Nelson, Wayne M Thomas
Publisher:McGraw-Hill Education
Financial and Managerial Accounting
Accounting
ISBN:9781259726705
Author:John J Wild, Ken W. Shaw, Barbara Chiappetta Fundamental Accounting Principles
Publisher:McGraw-Hill Education
Related Questions
- 30arrow_forwardK16 1 2 3 # 5 3 Projected Sales Volume 3 Desired Ending Inventory 9 0 Units Needed 1 Beginning Inventory 2 3 Projected Production 4 5 6 7 L8SOT 9 0 A 1 fx B с Paulson Paint, Inc Production Budget For the Year Ended December 31, 2019 Magnificent Paint 435,000 36,000 33,500 D E Marvelous Paint 338,154 29,000 25,890 F Total G Harrow_forwardMultiple choice pls answer numbers 4 to 8arrow_forward
- A 2 Category 3 Sales 4 Cost of Goods Sold 15 a. Calculate ROA for current values. 16 Note: Round your answers to 2 decimal places. 17 18 SPM Outputs 19 Gross Profit 20 B Current Input Values $3,237,000.00 $2,490,000.00 $415,000.00 $161,850.00 $465,000.00 $162,000.00 $546,000.00 $492,000.00 5 Variable Expenses 6 Fixed Expenses 7 Inventory 8 Accounts Receivable 9 Other Current Assets 10 Fixed Assets 11 12 Required: 13 Note: Use cells A2 to C10 from the given information to complete this question. 14 Total Expenses 21 Net Profit 22 Net Profit Margin 23 Current Assets 24 Total Assets 25 Asset turnover 26 ROA (%) 27 28 b. Calculate ROA for new values. 29 Note: Round your answers to 2 decimal places. 30 31 SPM Outputs 32 Gross Profit 33 Total Expenses 34 Net Profit 35 Net Profit Margin 36 Current Assets 37 Total Assets 38 Asset turnover 39 ROA (%) 40 41 42 C New Input Values $3,560,700.00 $2,490,000.00 $383,875.00 $161,850.00 $395,250.00 $162,000.00 $546,000.00 $492,000.00 D E F TI G H I J K…arrow_forwardDate Date 1/9/18 10/9/18 Dollar Rate Dollar Rate 1,16 Price in Euros Price in Dollars Price in Dollars Difference 1,18 Model 300 VRG 625 RTM 475 GRM 200 GRM 650 MTY 600 RTM 500 MTY 46.900 € $55.342 $54.404 $938 66.700 € $78.706 $77.372 $1.334 96.100 € 122.600 € 164.900 € 214.400 € 247.300 € $113.398 $111.476 $1.922 $144.668 $142.216 $2.452 $194.582 $191.284 $3.298 $252.992 $291.814 $248.704 $286.868 $4.288 $4.946 1) Most of your exports to the US belong to the model 600 RTM. The experience shows that, if the price of this product rises over 215000 dollars, the exported units will be reduced. If this product is priced in euros, and assuming the trend shown in question 1 continues, what would be the consequences for your company's exports?arrow_forward00 Chapter 1 PROBLEM 1-19 Traditional and Contribution Format Income Statements L01-6 Todrick Company is a merchandiser that reported the following information based on 1,000 units sold: Sales..... Beginning merchandise inventory. Purchases..... 1. 2. 3. 4. 5. 6. Ending merchandise inventory Fixed selling expense...... Fixed administrative expense. Variable selling expense. Variable administrative expense Contribution margin. Net operating income $300,000 $20,000 $200,000 $7,000 ? $12,000 $15,000 ? $60,000 $18,000 Required: Prepare a contribution format income statement. Prepare a traditional format income statement. Calculate the selling price per unit. Calculate the variable cost per unit. Calculate the contribution margin per unit. Which income statement format (traditional format or contribution format) would be more useful to managers in estimating how net operating income will change in responses to changes in unit sales? Why?arrow_forward
- Use Goal Seek to find the new price per box (cell K8) to reach a new daily average sales goal of $3,000 in cell K7. Accept the solution found by Goal Seek.arrow_forwardQuestion 16 /1 View Policies Current Attempt in Progress If the required direct materials purchases are 32000 pounds, the direct materials required for production is three times the direct materials purchases, and the beginning direct materials are three and a half times the direct materials purchases, what are the desired ending direct materials in pounds? oport 48000 O 32000 O 80000 O 16000 ) hp prt sc delete home % 6 num backspace lock P home K enter pause tn tn USE YOUR SMARTPHONE FOR M Iarrow_forwardQUESTION 6 2 what is the Mark up dollars? Retail $25.00 Cost Markup 38%arrow_forward
- < Cost Flow Methods The following three identical units of Item JC07 are purchased during April: Units Cost April 2 April 15 April 20 Total Item Beta Purchase Purchase Purchase a. First-in, first-out (FIFO) b. Last-in, first-out (LIFO) c. Weighted average cost 1 1 1 3 $94 97 Gross Profit 100 $291 Average cost per unit ($291 + 3 units) Assume that one unit is sold on April 27 for $120. Determine the gross profit for April and ending inventory on April 30 using the (a) first-in, first-out (FIFO); (b) last-in, first-out (LIFO); and (c) weighted average cost method. $97 Ending Inventory $arrow_forward4. Size of Accounts Receivable [LO1] Skye Flyer, Inc., has weekly credit sales of $21,900, and the average collection period is 33 days. What is the average accounts receivable figure?arrow_forwardレ %24 B5 Chapter 10 Lab application-A X Bb Chapter 10 Lab application -A X * CengageNOWv2 | Online teach x keAssignment/takeAssignmentMain.do?invoker=&takeAssignmentSessionLocator=&inprogre... * eBook Show Me How The following information is taken from a company's records. Cost Market value per Unit per Unit Inventory Item 1 (9 units) $32 $31 Inventory Item 2 (21 units) 6 - 6- Inventory Item 3 (12 units) 9. 8. Applying the lower-of-cost-or-market approach, what is the correct value that should be reported on the balance sheet for the inventory? S7IOIA Show All Check Mv Work 4 more Check My Work uses remainina Sample Proble....docx Sample Proble...docx Proble....docxarrow_forward
arrow_back_ios
SEE MORE QUESTIONS
arrow_forward_ios
Recommended textbooks for you
- AccountingAccountingISBN:9781337272094Author:WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.Publisher:Cengage Learning,Accounting Information SystemsAccountingISBN:9781337619202Author:Hall, James A.Publisher:Cengage Learning,
- Horngren's Cost Accounting: A Managerial Emphasis...AccountingISBN:9780134475585Author:Srikant M. Datar, Madhav V. RajanPublisher:PEARSONIntermediate AccountingAccountingISBN:9781259722660Author:J. David Spiceland, Mark W. Nelson, Wayne M ThomasPublisher:McGraw-Hill EducationFinancial and Managerial AccountingAccountingISBN:9781259726705Author:John J Wild, Ken W. Shaw, Barbara Chiappetta Fundamental Accounting PrinciplesPublisher:McGraw-Hill Education
Accounting
Accounting
ISBN:9781337272094
Author:WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.
Publisher:Cengage Learning,
Accounting Information Systems
Accounting
ISBN:9781337619202
Author:Hall, James A.
Publisher:Cengage Learning,
Horngren's Cost Accounting: A Managerial Emphasis...
Accounting
ISBN:9780134475585
Author:Srikant M. Datar, Madhav V. Rajan
Publisher:PEARSON
Intermediate Accounting
Accounting
ISBN:9781259722660
Author:J. David Spiceland, Mark W. Nelson, Wayne M Thomas
Publisher:McGraw-Hill Education
Financial and Managerial Accounting
Accounting
ISBN:9781259726705
Author:John J Wild, Ken W. Shaw, Barbara Chiappetta Fundamental Accounting Principles
Publisher:McGraw-Hill Education