can you help fill in all the yellow cells В I Uv田av A vAlignmentPasteNumbe23fxABC.DEMVP, Inc.Income StatementFor the Year Ended December 31, 2021Sales$ 375,000Cost of Goods Sold:Direct Materials (variable)100,000• Direct Labor (variable)19,600Manufacturing Overhead ($40,000 is fixed)89,5003Cost of Goods Sold209,100-4Gross Profit165,900 D8-D1315Operating Expenses:16Sales Commissions (variable)12,50017Shipping (variable)2,500Advertising (fixed)Billing (of which $10,000 is fixed)Sales and Administrative Salaries (fixed)189,8001910,2502099,90021Total Operating ExpensesOperating Income (Loss)134,9502230,950 =D14-D212324 Additional information:25Sales Price per unit:$15.0026Plant capacity (relevant range) is 60,000 units per year27All variable expenses in the company vary in terms of units soldThere was no change in inventory levels between the beginning and end of the year282930 B. Using the information above, calculate the missing amounts below:31a. Units of product MVP sold in 2021:n/a32Variable cost per unit for the following mixed costs:33b. Variable Manufacturing Overhead per unit:n/a34c. Variable Billing per unit:n/a35InstructionsA M5 Project+ReadyPage 1 of 157 wordsVWlal Tiappens to The brean-even POINI IIT UIMSSamanth...ivio.xls...022.docxWhich of the following statements is true if thevariable cost per unit and total fixed cost remaiWhen total fixed costs decrease the breakevenSolivioScreen Shot2022-02...7.26 PMSamantha_OTranscript.pdfМ13А1TMO 807 c. Variable Billing per unit:n/a6. Using MVP's 2021 income statement above, prepare a contribution margin income statement below (all amounts should be a formula/link to the information provided above):8738TotalAmountTotal Unitsn/an/aPer Unit39Salesn/a40Variable Costs:41Direct Materialsn/an/an/a42Direct Laborn/a43Variable Manufacturing Overheadn/an/a44Sales Commissionsn/an/aShippingVariable Billing45n/an/a46n/an/a47Total Variable Costsn/an/a48Contribution Marginn/an/a49Fixed Costs:50Fixed Manufacturing Overheadn/a51Advertisingn/a52Sales and Admin. Salariesn/a53Fixed Billing10,00054Total Fixed Costsn/an/a55Net Operating Income (Loss)Hint: Operating Income (Loss) must equal the ori5657Calculate MVP's current bre akeven point in both units and dollars:58Units:n/a59Dollars (use the Contribution Margin Ratio to calculate):n/a6061Redo MVP's Contribution Margin Income Statement using the Vice President of Sales (VP) suggestions and projected increase in sales volume below (all amounts should be a formula/link):62Reduce selling price by:5.00%63Increase advertising costs by: $4,90064Projected sales volume increase:25.00%InstructionsA M5 ProjectReadyPage 1 of 1四VVInal T appeis LU UIC UIean VOn poi R HE U LD Oal HAGU COSE Creasosr57 wordsMatn 50chedul...022.docxSamanth...ivio.xlsWhich of the following statements is true if the sales price per unit decreases whilevariable cost per unit and total fixed cost remain constant?When total fixed.costs decrease the breakeven point?Screen Shot2022-02.7.26 PMSamantha OEnglish Quiz2021-02 1.55 PMTranscript.pdtM13A1IMG

Income statement: Income statement as a part of financial statement that presents the organization's…

A C. D MVP, Inc. Income Statement For the Year Ended December 31, 2021 Sales $ 375,000 Cost of Goods Sold: Direct Materials (variable) Direct Labor (variable) 100,000 19,600 Manufacturing Overhead ($40,000 is fixed) 89,500 Cost of Goods Sold 209,100 165,900 D8-D13 Gross Profit Operating Expenses: Sales Commissions (variable) 12,500 Shipping (variable) 2,500 Advertising (fixed) Billing (of which $10,000 is fixed) 9,800 10,250 Sales and Administrative Salaries (fixed) 99,900 Total Operating Expenses Operating Income (Loss) 134,950 $ 30,950 =D14-D21 -Additional information: Sales Price per unit: $15.00 Plant capacity (relevant range) is 60,000 units per year All variable expenses in the company vary in terms of units sold There was no change in inventory letels between the beginning and end of the year 80 B. Using the information above, calculate the missing amounts below: 31 a. Units of product MVP sold in 2021: n/a 32 Variable cost per unit for the following mixed costs: 33 b. Variable Manufacturing Overhead per unit: n/a 34 c. Variable Billing per unit: n/a 35 Instructions A M5 Project Ready Page 1 of 1 57 words Samanth...ivio.xis 23 do

A C. D MVP, Inc. Income Statement For the Year Ended December 31, 2021 Sales $ 375,000 Cost of Goods Sold: Direct Materials (variable) Direct Labor (variable) 100,000 19,600 Manufacturing Overhead ($40,000 is fixed) 89,500 Cost of Goods Sold 209,100 165,900 D8-D13 Gross Profit Operating Expenses: Sales Commissions (variable) 12,500 Shipping (variable) 2,500 Advertising (fixed) Billing (of which $10,000 is fixed) 9,800 10,250 Sales and Administrative Salaries (fixed) 99,900 Total Operating Expenses Operating Income (Loss) 134,950 $ 30,950 =D14-D21 -Additional information: Sales Price per unit: $15.00 Plant capacity (relevant range) is 60,000 units per year All variable expenses in the company vary in terms of units sold There was no change in inventory letels between the beginning and end of the year 80 B. Using the information above, calculate the missing amounts below: 31 a. Units of product MVP sold in 2021: n/a 32 Variable cost per unit for the following mixed costs: 33 b. Variable Manufacturing Overhead per unit: n/a 34 c. Variable Billing per unit: n/a 35 Instructions A M5 Project Ready Page 1 of 1 57 words Samanth...ivio.xis 23 do

Survey of Accounting (Accounting I)

8th Edition

ISBN:9781305961883

Author:Carl Warren

Publisher:Carl Warren

Chapter11: Cost-volume-profit Analysis

Section: Chapter Questions

Problem 11.2E: Identify cost graphs The following cost graphs illustrate various types of cost behavior: For each...

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Identify cost graphs The following cost graphs illustrate various types of cost behavior: For each of the following costs, identify the cost graph that best illustrates its cost behavior as the number of units produced increases. a. Direct material cost per unit. b. Fees for using a patent of $500,000 plus $0.25 for each unit produced. c. Salary of quality control supervisor. d. Straight-line depreciation per unit on factory equipment. e. Total direct materials cost.
Prime cost is 236000 OMR, and cost of production for the year is 355000 OMR Opening stock of work in progress is 4000, and closing stock of Work in progress is 5000 OMR, Opening stock of finished goods is 20000, and closing stock of finished goods is 13750 OMR, Cost of goods manufactured 358500 OMR Calculate cost of Goods Sold. Select one: a. 385500 OMR b. None of these c. 395500 OMR d. 357500 OMR
X Limited Corporation making one product only, the standard cost of which is as follow: 2016 2017 2018 Direct material 35,000 36000 48,000 Direct labor 30,000 33000 42,000 Variable manufacturing overhead 25,000 24000 54,000 Variable marketing costs 10,000 15000 14,000 Total variable costs 100,000 122000 158,000 - The fixed manufacturing overhead costs $300,000 - Fixed marketing costs $200,000 - The selling price $200 per unit sold - The number of units produced and sold were: 2016 2017 2018 Beginning inv. 1000 …… 3000 Production…
Yamato Company’s 2019 fixed manufacturing overhead costs totaled Php120,000 and variable selling costs totaled P45,000. 7. Under variable (direct) costing, how much of the costs are product costs?A. None C. Php120,000B. Php45,000 D. Php165,000 8. Under absorption (full) costing, how much of the costs are period costs?A. None C. Php120,000B. Php45,000 D. Php165,000
XYZ Inc. manufactures a component D12, and two main products F45 and P67. The following details relate to each of these items: D12 D45 P67 Selling price ? 146 159 Material cost 10 15 26 Component D12 (bought-in price) ? 25 25 Direct labour 5 10 15 Variable overheads 6 12 18 Total variable cost per unit 21 62 84 Fixed overhead costs: P per annum P per annum P per annum Avoidable* 9,000.00 18,000.00 40,000.00 Non-avoidable 36,000.00 72,000.00 160,000.00 Total 45,000.00 90,000.00 200,000.00 * The avoidable fixed costs are product-specific fixed costs that would be avoided if the product or component were to be discontinued. 1. Assuming that the annual demand for component D12 is 5,000 units and that XYZ Inc. has sufficient capacity to make the component itself, the maximum price that should be paid to an external supplier for 5,000 components per year is 2. Assuming that component D12 is bought from an external supplier for P25.00 per unit, the number of units…
Crane Company sells its product for $10500 per unit. Variable costs per unit are: manufacturing, $5800; and selling and administrative, $120. Fixed costs are: $33600 manufacturing overhead, and $43600 selling and administrative. There was no beginning inventory at 1/1/20. Production was 24 units per year in 2020–2022. Sales were 24 units in 2020, 20 units in 2021, and 28 units in 2022. Income under absorption costing for 2022 is $51040. $38560. $45440. $44360.
8. The following cost relate to XYZ Corp for the year:Sales commission expenses P 185,000Direct materials 215,000Conversion cost 435,000Factory overhead 190,000 (40% of which is fixed)What is the TOTAL PERIOD COSTS?
Sales per unit $15.00Variable production cost 8.00Annual fixed production cost 35,000.00Variable selling expense (unit) 3.00Annual fixed selling expense 15,000.00Produced 12,500 units during the periodNo inventory at January 1 (beg.)Sold 10,000 units Total variable annual cost charged to expense in direct costinga. $110,000b. $117,500c. $80,000 d. $100,000 6. Total fixed cost charged against current year’s operations in absorption costinga. P35,000 b. $25,000 c. $15,000 d. $43,000
Raw Material Consumed is 25000 OMR, Prime cost is 338000 OMR, Cost of Production is 471800 OMR, cost of goods manufactured 485000 OMR Opening stock of work in progress is 27500, and closing stock of Work in progress is 14000 OMR, Opening stock of finished goods is 20000, and closing stock of finished goods is 13750 OMR, Calculate cost of goods available for sale Select one: a. None of These b. 450000 OMR c. 505000 OMR d. 605000 OMR
Prime cost is 236000 OMR, and cost of production for the year is 298420 OMR Opening stock of work in progress is 12000, and closing stock of Work in progress is 13500 OMR, Opening stock of finished goods is 20000, and closing stock of finished goods is 14000 OMR, Cost of goods manufactured 958000 OMR Calculate unit production cost if total manufacturing units was 2500 a. 119.368 OMR per unit b. None of These c. 121.368 OMR per unit d. 120.368 OMR per unit
ening stock of Raw material is 160000 OMR, Freight Inwards 10000 OMR, Purchases of Raw material 500000 OMR, Purchase returns is 2000 OMR and Closing stock of Raw material is 8000 OMR, Direct Wages is 175,000 OMR direct Expenses is 15000 OMR . Calculate Prime cost. Select one: a. 850,000 OMR b. 870,000 OMR c. None of these d. 860,000 OMR
P8-2A Special Order Total cost data follow for Glendale Manufacturing Company, which as a normal capacity per period of 8,000 units of product that sell for $60 each. For the foreseable future, regular sales volume should continue to equal normal capacity. Direct materials $ 100,800 Direct labor 62,400 Variable manufacturing overhead 46,800 Fixed manufacturing overhead (Note 1) 38,400 Selling expense (Note 2) 35,200 Administrative expense (fixed) 15,000 $ 298,600 Notes: 1. Beyond capacity, fixed overhead costs increase $1,800 for each 500 units or fraction thereof until a maximum capacity of 10,000 units is reached. 2. Selling expenses consist of a 6%…