A company has prepared the following p The data for the 2020 is given below Sales 21000 units Selling Price per unit RO.40 Variable Costs per unit RO.25 Total Costs per unit RO.35
Q: The following information are available for X Corp: (The company uses actual costing). What is the…
A: Beginning inventory for 2020 is equal to ending inventory of 2019. Sales = opening inventory +…
Q: Dennis Goods Company prepared the following preliminary forecast concerning product G for the…
A: Introduction: Operating income is an accounting metric that measures the amount of profit created by…
Q: Zebu has given the following details for two years: 2019-20 2020-21 Sales 800,000 ? PV Ratio 50%…
A: Marginal costing was an method of costing widely used in decision making for an entity, where it is…
Q: Boo Corporation's costing details for 2020 based on 20,000 produced units (60% of produced units…
A: In the variable costing income statement, all the variable costs are deducted from sales to…
Q: X Company had the following information available for 2020: Number of units sold 32,000 units…
A: The break even sales are calculated as fixed cost divided by contribution margin ratio.
Q: Covid2020 Furniture is operating at almost 100% capacity. The company expects sales to increase by…
A: A ) Contribution = sales - variable cost.
Q: Compute the EOQ given the following information. The annual consumption is 6000 units, ordering cost…
A: Given, Ordering Cost = RO 60 per order Carrying Cost = 20% of price Annual demand = 6,000 unit
Q: Question 1: Salalah Company has the financial information given in the table for the year ended on…
A: “Since you have asked multiple questions, we will solve the first question for you. If you want any…
Q: Total cost and number of units in the first seven months of 2020 are given below. According to this…
A:
Q: Dalen Company prepared the following preliminary forecast concerning Product D for 2019 assuming no…
A: Operating income of the business can be calculated by reducing fixed costs and variable costs in the…
Q: X corporation produces a decorative pillow. In 2020, it produced 2,000 units a 1,750 at an average…
A: Using absorption Costing, all variable and fixed manufacturing costs are included in the product…
Q: A&P is interested in predicting its income statement for the year 2021. The company estimates that…
A: “Since you have posted a question with multiple sub-parts, we will solve first three sub-parts for…
Q: Year Production-units Total Cost 2015 100,000 $ 500,000.00 2016 150,000…
A: Highest level is found at year 2019 Lowest level is found at year 2015
Q: What is the optimal order quantity?
A: Economic order quantity is the optimal order quantity that a business should order to save ordering…
Q: which of the following will result to higher net profit? 5% decrease in unit selling prices…
A: The answer for the multiple choice question and relevant working are presented hereunder : Unit…
Q: Determinant Company is a price - taker and uses a target - pricing approach. Refer to the following…
A: The target total product cost is calculated as difference between revenue at market price and…
Q: otal cost and number of units in the first seven months of 2020 are given below. According to this…
A: Cost function equation is the equation which is expresses as C(Y) = FC + V(X), where C stands for…
Q: Marsh microns produces an product and provides the following information for the year 2019 Margin of…
A: Selling price per unit: = Margin of Safety / Margin of Safety in quantity Profit computation: =…
Q: Hudson Co. reports the contribution margin income statement for 2019. HUDSON CO. Contribution Margin…
A: Given that, Sales = $2912000 Variable cost = $2184000 Fixed cost = $567000 Required sales =…
Q: Company D is planning to perform an ABC analysis for its products. An information table is given…
A: ABC analysis is an inventory control method which include categorizing of items used in production…
Q: Dhofar Company has the following information: Total Fixed cost OMR 8000 Selling price per unit OMR…
A: Variable cost is a cost is directly related to level of production and can be zero at zero level of…
Q: Covid2020 Furniture is operating at almost 100% capacity. The company expects sales to increase by…
A: Break even point (Sales) = Fixed Cost/ PV ratio PV Ratio = Contribution/ Sales Contribution = Sales…
Q: 11. George Corporation has the following information for the current year: Selling price per unit…
A: As per the honor code, we only answer up to 3 sub-parts, we’ll answer the first 3. Please resubmit…
Q: 3. From the following particulars, Calculate, BEP (Units and amount) and Margin of safety, if actual…
A: Formula to be used 1. Contribution Per unit= Sale price-contribution per unit 2. P/V Ratio=…
Q: Hudson Co. reports the contribution margin income statement for 2019. HUDSON CO. Contribution Margin…
A: If the sale price is raised to $320 per unit, the contribution margin statement will be :
Q: Assume XYZ Company intends to produce 20000 units next month. Calculate total production costs for…
A:
Q: BM Enterprise reported business transactions for a certain month in 2020: Unit Price, P55.75;…
A: The question is related to Breakeven Point. It is that level of sales at which there is no profit or…
Q: The following data for 2021 are available for Canlubang Automotive Company which manufactures and…
A: Contribution per unit = selling price per unit – variable cost per unit Break even point…
Q: X corporation produces a decorative pillow. In 2020, it produced 2,000 units a 1,750 at an average…
A: Here discuss about the details of the income statement which can be implied with the manufacturing…
Q: The following information is for Nichols Company: Selling price $120 per unit Variable costs $50 per…
A: The break even sales are the sales where business earns no profit no loss during the period.
Q: National Co. forecasted the following for 2022: Unit sales 2,000 70% 15,000 45 175,000 5% Variable…
A: Degree of financial leverage refers to sensitivity of the earnings per share of a company due to…
Q: Olsen Company has the following information available for September 2019. Unit selling price of…
A:
Q: break-even point in units and in sales dollars.
A: Under Marginal costing technique Sales Revenue - Total Variable cost - Total Fixed cost = Operating…
Q: Find out BEP in units and value with the following data: Fixed cost - $30000 Variable cost - $20…
A: The cost volume profit analysis or CVP analysis is used for the purpose of determining the effect on…
Q: unland Company sells 200000 units for $10 a unit. Fixed costs are $350000 and net income is $250000.…
A: Cost Volume Profit (CVP) Income Statement: The income statement which highlights the behavior of…
Q: Hudson Co. reports the contribution margin income statement for 2019. HUDSON CO. Contribution Margin…
A: Contribution margin = Sales - Variable expenses Contribution margin ratio= Contribution margin /…
Q: Total cost and number of units in the first seven months of 2020 are given below. According to this…
A: Cost equation is represented as: = Fixed Cost + (Number of units * Variable cost per unit)
Q: X Company had the following information available for 2020: Number of units sold 30,000 units…
A: The answer is option (1.) [i.e, $25,000,000] Refer step 2 for explanation
Q: Carla Vista Company has the following information available for September 2020. Unit selling price…
A:
Q: X Company had the following information available for 2020: Number of units sold 32,000 units…
A: Managerial accounting is the accounting method used by the business for its proper internal control…
Q: Tops Company sells Products D and E and has made the following estimates for the coming year:…
A: Breakeven sales point is that level of sales at which business is recovering its total costs that is…
Q: The cost accountant of Sacramento Company provided you the 2019 and 2020 selling price per unit,…
A: Contribution margin per unit in 2019 = selling price - Variable cost per unit = 20-12 = P8 per…
Q: Total cost and number of units in the first seven months of 2020 are given below. According to t…
A: Variable cost per unit = (Highest activity cost - Lowest activity cost) / (Highest activity units -…
Q: Hudson Co. reports the contribution margin income statement for 2019 below. Contribution Margin…
A: Sales required to achieve target income = (Fixed Costs + Desired Sales) / Contribution margin ratio…
Q: During 2019, Dandi Inc. produced 7000 units and sold 6500 units at 5 per unit. Variable…
A: Increase in Net income if absorption costing is used instead of Variable costing = Increase in…
Q: A company has following details for this year Details Total sales($) Total cost($) Details…
A: Required formulas:- P/V ratio= Profit/Sales =Sales-Total costSales Variable cost per ($)=Total…
Q: NUBD Company prepared the following preliminary forecast concerning product Excellence for 2021…
A: The income statement is prepared to find net income or losses incurred during the period.
Q: Suppose the relevant carrying cost per unit per year was $20 and the relevant ordering cost per…
A: Economic Order Quantity or EOQ in inventory management, economic order quantity is the order…
Step by step
Solved in 2 steps
- Refer to Cornerstone Exercises 2.2 and 2.3. Next year, Pietro expects to produce 50,000 units and sell 49,300 units at a price of 12.50 each. Beginning inventory of finished goods is 42,500, and ending inventory of finished goods is expected to be 34,000. Total selling expense is projected at 26,000, and total administrative expense is projected at 134,000. Required: 1. Prepare an income statement in good form. Be sure to include the percent of sales column. 2. What if the cost of goods sold percentage for the past few years was 65 percent? Explain how management might react.Ranger Industries has provided the following information at June 30: Other information: Average selling price, 196 Average purchase price per unit, 110 Desired ending inventory, 40% of next months unit sales Collections from customers: In month of sale20% In month after sale50% Two months after sale30% Projected cash payments: Inventory purchases are paid for in the month following acquisition. Variable cash expenses, other than inventory, are equal to 25% of each months sales and are paid in the month of sale. Fixed cash expenses are 40,000 per month and are paid in the month incurred. Depreciation on equipment is 2,000 per month. REQUIREMENT You have been asked to prepare a master budget for the upcoming quarter (July, August, and September). The components of this budget are a monthly sales budget, a monthly purchases budget, a monthly cash budget, a forecasted income statement for the quarter, and a forecasted September 30 balance sheet. The worksheet MASTER has been provided to assist you. Ranger Industries desires to maintain a minimum cash balance of 8,000 at the end of each month. If this goal cannot be met, the company borrows the exact amount needed to reach its goal. If the company has a cash balance greater than 8,000 and also has loans payable outstanding, the amount in excess of 8,000 is paid to the bank. Annual interest of 18% is paid on a monthly basis on the outstanding balance.EXCESS CAPACITY Krogh Lumbers 2019 financial statements are shown here. Krogh Lumber: Balance Sheet as of December 31, 2019 (thousands of dollars) Krogh Lumber: Income Statement for December 31, 2019 (thousands of dollars) a. Assume that the company was operating at full capacity in 2019 with regard to all items except fixed assets; fixed assets in 2019 were being utilized to only 75% of capacity. By what percentage could 2020 sales increase over 2019 sales without the need for an increase in fixed assets? b. Now suppose 2020 sales increase by 25% over 2019 sales. Assume that Krogh cannot sell any fixed assets. All assets other than fixed assets will grow at the same rate as sales; however, after reviewing industry averages, the firm would like to reduce its operating costs/sales ratio to 82% and increase its total liabilities-to-assets ratio to 42%. The firm will maintain its 60% dividend payout ratio, and it currently has 1 million shares outstanding. The firm plans to raise 35% of its 2020 forecasted interest-bearing debt as notes payable, and it will issue bonds for the remainder. The firm forecasts that its before-tax cost of debt (which includes both short- and long-term debt) is 11%. Any stock issuances or repurchases will be made at the firms current stock price of 40. Develop Kroghs projected financial statements like those shown in Table 16.2. What are the balances of notes payable, bonds, common stock, and retained earnings?
- Wallace Industries has total contribution margin of $58,560 and net income of $24,400 for the month of April. Wallace expects sales volume to increase by 5% in May. What are the degree of operating leverage and the expected percent change in income for Wallace Industries? 0.42 and 2.2% 0.42and5% 2.4andl2% 2.Sandl3%Trumbull Co. plans to produce 100,000 toy cars during September. Planned production for October is 125,000 cars. Sales are forecasted at 90,000 toy cars for September and 120,000 toy cars for October. Each toy car requires four wheels. Trumbulls policy is to maintain 10 percent of the next months production in inventory at the end of a month. How many wheels should Tram bull purchase during September? a. 195,000 b. 112,500 c. 102,500 d. 410,000Macom Manufacturing has total contribution margin of $61,250 and net income of $24,500 for the month of June. Marcus expects sales volume to increase by 10% in July. What are the degree of operating leverage and the expected percent change in income for Macom Manufacturing? 0.4 and 10% 2.5 and 10% 2.5 and 25% 5.0 and 50%