Assume that only one product is being sold in each of the four following case situations: Case #1 Case #2 Case #3 Case #4 Unit sold 8,200 20,800 5,500 Sales $ 237,800 $ 360,000 $ 192,500 Variable expenses Fixed expenses 114,800 291,200 89,000 173,000 73,000 Net operating income (loss) 37,000 $ 147,800 $ 37,000 Contribution margin per unit 14 $ 11 %24 %24

Assume that only one product is being sold in each of the four following case situations: Case #1 Case #2 Case #3 Case #4 Unit sold 8,200 20,800 5,500 Sales $ 237,800 $ 360,000 $ 192,500 Variable expenses Fixed expenses 114,800 291,200 89,000 173,000 73,000 Net operating income (loss) 37,000 $ 147,800 $ 37,000 Contribution margin per unit 14 $ 11 %24 %24

Managerial Accounting: The Cornerstone of Business Decision-Making

7th Edition

ISBN:9781337115773

Author:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger

Publisher:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger

Chapter2: Basic Managerial Accounting Concepts

Section: Chapter Questions

Problem 18MCQ: 2-18 Use the following information for Multiple- Choice Questions 2-13 through 2-18: Last year,...

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Fill in the missing amounts in each of the eight case situations below. Each case is independent of the others. Required: a. Assume that only one product is being sold in each of the four following case situations: Case 1 Case 2 Case 3 Case 4 Units sold 9,500 20,100 5,400 Sales $256,500 $319,000 $135,000 Variable expenses 133,000 201,000 Fixed expenses 91,000 170,000 78,000 Net operating income (loss) $18,500 $193,400 $(45,600) Contribution margin per unit $13 $14
QUESTION 1The following trial balance relates to Golden Ltd at 30th September 2018 GHS'000 GHS'000Sales (a) 760,000Material purchases (b) 128,000Production labour (b) 248,000Factory overheads (b) 160,000Distribution costs 28,400Administrative expenses (c) 92,800Finance costs 700Investment income 1,600Leased property - at cost (b) 100,000Plant and equipment - at cost (b) 89,000Accumulated amortisation/depreciation at 1/10/2017- leased property 20,000- plant and equipment…
i need Part B solution Part A here solution Computation of net income: Net sales 680,400 Less: cost of goods sold (327,600) Gross profit 352,800 Less: administrative expense (126,000) Less: selling expense (100,800) Operational income 126,000 Discontinued operations (loss before income tax) (50,400) Income before tax 75,600 Less: income tax (30%) (22,680) Net income 52,920
i need Part B solution Part A here solution Computation of net income: Net sales 680,400 Less: cost of goods sold (327,600) Gross profit 352,800 Less: administrative expense (126,000) Less: selling expense (100,800) Operational income 126,000 Discontinued operations (loss before income tax) (50,400) Income before tax 75,600 Less: income tax (30%) (22,680) Net income 52,920 Hence, net income for 2022 is calculated as €52,920.
A company’s (sole proprietorship) PnL shows the following numbers: PnL Item Amount in kEUR Revenues 575.3 Material expenses -258.0 Personnel expenses -121.0 Depreciation -33.7 Other operating exp. -29.8 EBIT 132.8 Interest income 0.2 Interest expenses -3.8 EBT 129.2 Extraordinary expenses -12 Net Result 117.2 - 70% of material expenses are raw materials. These are included at historical costs. Current market values are 3% higher. - Prices for the remaing 30% of material expenses are assumed to be 3% higher - The owner’s management acitivity would result in add. costs of EUR 85k - Personnel expenses include extraordinary government aids of 17k positively - Depreciation includes 3.5k from assets no longer used in the operating process - Other operating expenses include 9k of losses from customer…
Use the following information (in thousands):a. ¥126,000 d. ¥63,000Answer:1Sales revenue¥300,000 Gain on sale of equipment90,000 Cost of goods sold164,000 Interest expense16,000 Selling & administrative expenses30,000 Income tax rate30%Determine the amount of net income.
3) Calculate the amount of conversion cost that is incurred for Al Hood Manufacturing & Trading LLC. a. RO 8,000 b. RO 22,000 c. RO 25,000 d. RO 23,000
On August 1 of year 0, Dirksen purchased a machine for $25,500 to use in its business. On December 4 of year 0, Dirksen sold the machine for $24,000. Use MACRS Table. (Loss amounts should be indicated by a minus sign. Do not round percentages used for calculations. Round other intermediate computations to the nearest whole dollar amount. Leave no answer blank. Enter zero if applicable.) Problem 11-42 Part-a (Algo) a. What are the amount and character of the gain or loss Dirksen will recognize on the sale? b. Dirksen depreciated the machinery using MACRS (seven-year recovery period). What are the amount and character of the gain or loss Dirksen will recognize on the sale if the machine is sold on January 15 of year 1 instead?
please dont provide answer in image format thank you Great Lakes Manufacturing Inc. comparative Statement of Financial Position at December 31in (000)'s 20X5 20X4Cash $ 5,100 $ 4,800 Accounts Receivable $ 9,010 $ 6,100 Inventory $ 10,400 $ 14,000 Prepaid Expenses $ 1,950 $ 1,020 Equipment $ 58,500 $ 59,900 Accumulated Depreciation - equipment $ (33,100 ) $ (32,000 )Total Assets $ 51,860 $ 53,820 Account Payable $ 7,000 $ 11,400 Interest Payable $ 350 $ 110 Income taxes payable $ 650 $ 500 Dividends Payable $ 2,400 $ 3,200 Long-term Notes Payable $ 17,500 $ 17,000 Common shares $ 22,000 $ 20,000 Retained Earnings $ 1,960 $ 1,610 Total Liabilities &…
2-18 Use the following information for Multiple- Choice Questions 2-13 through 2-18: Last year, Barnard Company incurred the following costs: Barnard produced and sold 10,000 units at a price of 31 each. Refer to the information for Barnard Company on the previous page. Operating income is a. 34,000. b. 110,000. c. 234,000. d. 270,000. e. 74,000.
Fill in the missing amounts for the following 4 companies. Each case is independent of the others. Assume that only one product is being sold by each company: Company A Company B Company C Company D Units Sold 590 fill in the blank 1 fill in the blank 2 890 Sales in Dollars $29,500 $75,900 $240,100 $fill in the blank 3 Total Variable Expenses $6,490 $fill in the blank 4 $fill in the blank 5 $142,400 Per Unit C/M $fill in the blank 6 $100 $280 $150 Total Fixed Expenses $20,310 $62,000 $148,200 $fill in the blank 7 Net Operating Income (Loss) $fill in the blank 8 $7,000 $(11,000) $(23,000)
18 Fair value less cost to sell: P650,000 Value in use:P750,000 Carrying amount:P1,010,000 Compute the impairment loss Group of answer choices P160,000 P100,000 P260,000 P360,000