Name: __________________________ Date: _____________
1. Super-Tech Industries had the following department information about physical units and percentage of completion:
Physical Units
Work in process, June 1 (75%)
8,000
Completed and transferred out
18,000
Work in process, June 30 (50%)
12,000
If materials are added at the beginning of the production process, what is the total number of equivalent units for materials during June?
A) 15,000.
B) 30,000.
C) 32,000.
D) 24,000.
2. A department had the following information for the month:
Total materials costs
$210,000
Conversion cost per unit
$3.00
Total manufacturing cost per unit
$5.00
What are the equivalent units of production for materials?
A) 105,000.
B) 70,000.
C) 42,000.
D) Cannot be
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A) $36,000
B) $56,000
C) $24,000
D) $12,000
7. A division sold 100,000 calculators during 2013:
Sales
Variable costs:
Materials
$380,000
Order processing
150,000
Billing labor
110,000
Selling expenses
60,000
Total variable costs
Fixed costs
How much is the contribution margin per unit?
A) $2
B) $7
C) $17
D) $13
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$2,000,000
700,000
1,000,000
8. In 2012, Teller Company sold 3,000 units at $400 each. Variable expenses were $280 per unit, and fixed expenses were $180,000. The same selling price, variable expenses, and fixed expenses are expected for 2013. What is Teller 's break-even point in sales dollars for 2013?
A) $600,000
B) $1,800,000
C) $1,200,000
D) $1,714,286
9. For Wilder Corporation, sales is $1,200,000 (6,000 units), fixed expenses are $360,000, and the contribution margin per unit is $80. What is the margin of safety in dollars?
A) $60,000
B) $300,000
C) $540,000
D) $840,000
10. In 2012, Raleigh sold 1,000 units at $500 each, and earned net income of $50,000.
Variable expenses were $300 per unit, and fixed expenses were $150,000. The same selling price is expected for 2013. Raleigh 's variable cost per unit will rise by 10% in
2013 due to increasing material costs, so they are tentatively planning to cut fixed costs by $15,000. How many units must Raleigh sell in 2013 to maintain the same income level as 2012?
A) 794
B) 971
C) 1,176
D) 1,088
11. Capitol Manufacturing sells 3,000 units of Product A annually, and 7,000
Net Sales – totaled $4,485,000.00 for year 6, and grew +33.3% or $1,495,000.00 between years 6 to 7.
The election to itemize is appropriate when total itemized deductions are less than the standard deduction based on the taxpayer’s filing status.
In our second assumption, instead of using the cost of goods per cases in 1986, we try to use the percentage it counts in the total expenses which is 50.4% and to find the sales needed to break-even. The detail of the calculation is shown in the answer for questions d. The result is that 95,635, a little bit higher than the estimated sales of 90,000.
= Unit Selling Price – Unit Variable Cost = $9.00 – ($1.25 + $0.35 + $1.00) = $6.40
13. If the selling price is $22 per unit, what is the contribution margin per unit sold?
The amount of extra sales that would be required to cover this cost of 300,000 would be
New Contribution Margin = New Price per unit – Variable cost per unit =$8.5-$2.5 =$6
Which personality inventory would be most helpful for assessing the nature and severity of his symptoms?|
The revenue is $600,600*1.2= $720,720. The variable cost changes as sales increases and fixed cost stays the same, the gross profit is $175,500. After tax, the net income is $100,557.
Break Even Point in Units = (Total Fixed Costs + Target Profit) ÷ Contribution Margin
8.20 equals $ 86,700. The contribution margin per unit at a retail price of Cr. 6.85 equal 1.95. The required volume will be the result of dividing the profit impact on the contribution margin per unit.
i. Calculate the rooms sold, occupancy %, and sales dollars he will need to achieve his desired profit if he opens the gift shop.
This equation is solved for the sales volume in units. c. In the graphical approach, sales revenue and total expenses are graphed. The break-even point occurs at the intersection of the total revenue and total expense lines. 8-2 The term unit contribution margin refers to the contribution that
Question B: How many units per year must be sold with each process to have annual profits of $50,000 if the selling price is $6.95 per unit?
In the case study, as the annual fixed cost is $6,000,000 and the contribution margin per event is $1,900. Therefore, the breakeven point is at the 3,158