Carla Vista Company sells product 1976NLC for $20 per unit. The cost of one unit of 1976NLC is $21, and the replacement cost is $20. The estimated cost to dispose of a unit is $4, and the normal profit is 30% of selling price. At what amount per unit should product 1976NLC be reported, applying lower-of-cost-or-market?

Q: O’Shaughnessy Inc. sells a product for $90 per unit. The variable cost is $65 per unit, while fixed…

A:

Q: Altstadt Inc. sells a product for $50 per unit. The variable cost is $20 per unit, and fixed costs…

A: Breakeven point is the point or we can say the sales level at which the organisation is at no profit…

Q: A dealer purchased machinery for $57,750.00 per unit. His overhead expenses are 30.00% of the cost…

A: Cost of Machinery =$57,750 Overhead expenses = 30% of cost Operating Profit =40% of the cost…

Q: April Industries sells a product with a contribution margin of $12 per unit, fixed costs of…

A: Unit contribution margin = Sales price per unit - variable cost per unit contribution margin ratio =…

Q: Atlantic Company sells a product with a break-even point of 5,385 sales units. The variable cost is…

A: Break-even point = Fixed costs / Contribution margin per unit   Contribution margin per unit = Fixed…

Q: Sheridan Inc. sells a product for $106 per unit. The variable cost is $64 per unit, while fixed…

A: Contribution margin per unit = Sales price - variable cost = $106 - 64 = $42 per unit

Q: Mikasa Co. provides two products, Wood and Plastic. Wood accounts for 60 percent of total sales. The…

A: Break-even analysis is a technique widely used by production management. It helps to determine the…

Q: Friar Corp. sells two products. Product A sells for $112 per unit, and has unit variable costs of…

A: The variable cost is the cost that changes as the level of production increases. The variable cost…

Q: Hiawatha, Inc. has an agreement with a customer to produce 10 units of a product to sell for $1,200…

A: Variable costs per unit = total costs per unit x 50% = $850 x 50% = $425 Fixed costs per unit =…

Q: Blossom Company sells product 2005WSC for $90 per unit. The cost of one unit of 2005WSC is $87, and…

A: Cost should be reported, lower of, cost, replacement cost or net realizable value.

Q: company sells its product at P30 per unit. Unit variable cost is P22 and total fixed costs total to…

A: At indifferent point profit to the company will be same in both proposals.

Q: Colossal Beverages Company sells two products, A and B. Mist predicts that it will sell 3,000 units…

A: Contribution margin is calculated by deducting the variable cost from the sales revenue.

Q: Apex Company sells a product for $220 per unit. The variable cost is $170 per unit, and fixed costs…

A: The Break-even point is the point where the company does not earn profit nor does it incur a loss in…

Q: Frazer Corp sells several products. Information of average revenue and costs is as follows:…

A: Operating income reduced would be the difference between the current value of operating income and…

Q: Altstadt Inc. sells a product for $50 per unit. The variable cost is $20 per unit, and fixed costs…

A: Break-even point is a point at which a company is in a situation of no profit no loss. This means it…

Q: Gladstorm Enterprises sells a product for $60 per unit. The variable cost is $20 per unit, while…

A: Break even point is that point of revenue at which company is recovering it's fixed costs and…

Q: Gladstorm Enterprises sells a product for $53 per unit. The variable cost is $36 per unit, while…

A: 1. CONTRIBUTION MARGIN : = SALES - VARIABLE COST  2. BREAKEVEN POINT IN SALES UNITS : = FIXED COST /…

Q: O'Shaughnessy Inc. sells a product for $90 per unit. The variable cost is $65 per unit, while fixed…

A:

Q: ABD Corporation has the following information about its single product: Selling Price per unit ₱20…

A: Selling price per unit P20.00   Less: Variable Costs per Unit P12.00   Unit Contribution Margin…

Q: ablanc Inc. sells a product for $500 per unit. The variable cost is $350 per unit, while fixed costs…

A: Break even point is where at such point of sale profit is ZERO At break even sales contribution is…

Q: Woodsman Company sells a product for $110 per unit. The variable cost is $40 per unit, and fixed…

A: Given : Woodsman Company sells a product = $110 per unit Variable cost =  $40 per unit Fixed costs…

Q: It costs Ghala Company OMR 13 of variable and OMR 6 of fixed costs to produce one unit which…

A: Net income is the income which is computed by diminution of operating cost from the gross profits.

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: Lablanc Inc. sells a product for $91 per unit. The variable cost is $63 per unit, while fixed costs…

A: Contribution margin per unit = Sales price - variable costs = 91 - 63 = $28 per unit

Q: Altstadt Inc. sells a product for $50 per unit. The variable cost is $20 per unit, and fixed costs…

A: The point at which the company neither earns any profit nor incurs any loss is referred to as the…

Q: Gladstorm Enterprises sells a product for $60 per unit. The variable cost is $40 per unit, while…

A: Break even point in units = fixed costs/(selling price per unit - variable cost per unit)

Q: Kando Company incurs a $10.00 per unit cost for Product A, which it currently manufactures and sells…

A: Cost per unit not eliminated if bought = Cost per unit to make - cost eliminated = $10 - 7 = $3 per…

Q: Randy's tireland makes a product that sells for $71 per unit and has $53 per unit in variable costs.…

A: The breakeven point is calculated by dividing fixed cost by contribution margin per unit.

Q: Planet Company sells a product for $16 per unit, variable cost is $12 per unit, and the total fixed…

A: Given,  Selling price = $16 per unit Variable cost = $12 per unit Fixed cost = $6,000

Q: Sunland Company sells product 2005WSC for $125 per unit. The cost of one unit of 2005WSC is $122,…

A: The lower-of-cost-or-market rule defines that inventory should be recorded in books at lower cost…

Q: Walton Corporation is currently selling 104 units of its product. The company is deciding the price…

A: Lets understand the basics. When any special order sales is made which does not affect the current…

Q: Gladstorm Enterprises sells a product for $50 per unit. The variable cost is $34 per unit, while…

A: Break even point means where there is no profit no loss. Variable cost means the cost which vary…

Q: Kando Company incurs a $9.00 per unit cost for Product A, which it currently manufactures and sells…

A: Introduction: Incremental analysis, also known as the relevant cost approach, marginal analysis, or…

Q: It costs Ghala Company OMR 13 of variable and OMR 6 of fixed costs to produce one unit which…

A: A firm needs to take special order decision when a product can be sold in a large quantity to a…

Q: Maple Enterprises sells a single product with a selling price of $70 and variable costs per unit of…

A: Formula: Units to be sold for reaching target profit = ( Fixed cost + Target profit ) / Contribution…

Q: Sammy Co. has 24,000 defective units of a product that cost P8 per unit to manufacture, and can be…

A:

Q: Determine (a) the break-even point in sales units and (b) the break-even point if the selling price…

A: Break-Even Sales: Sales volume required to cover the fixed and variable costs and left out with…

Q: Lablanc Inc. sells a product for $60 per unit. The variable cost is $34 per unit, while fixed cost…

A: Break-Even Point: It is the point of sales at which entity neither earns a profit nor suffers a…

Q: Biscuit Company sells its product for $50. In addition, it has a variable cost ratio of 55 percent…

A: The break even sales are the sales where business earns no profit no loss during the period.

Q: Nicolas Enterprises sells a product for $56 per unit. The variable cost is $25 per unit, while fixed…

A: Formula: Break even point in sales units = Fixed cost / Contribution margin per unit

Q: A company sells its product at P30 per unit.Unit variable cost is P22 and total fixed costs total to…

A: SOLUTION- NEW VARIABLE COST PER UNIT AFTER SALES COMMISSION = P22+(30*5%) =P23.50 PER UNIT . NEW…

Q: The Waterfall Company sells a product for $150 per unit. The variable cost is $80 per unit, and…

A: The profits can be arrived from the income statement of the company. All the revenues, and expenses…

Q: Banjo Corporation produces and sells two models of vacuum cleaners, Standard and Deluxe. Company…

A: Step 2 in the solution.

Q: Assuming that the total fixed cost of Vader Co. is expected to increase by 30% next period, what…

A: Break Even Sales in Pesos = Fixed Cost / Weighted Average Contribution Margin Weighted Average…

Q: Randall has received a special order for 4300 units of its product at a special price of $20. The…

A: Special orders are usually one-time and do not attract a fixed cost. So, if the firm has the…

Q: Phipps Co. sells two products, Arks and Bins. Last year, Phipps sold 12,000 units of Arks and 28,000…

A: The following computations are done for calculating the BEP units for Phipps Company.

Q: Trailblazer Company sells a product for $270 per unit. The variable cost is $110 per unit, and fixed…

A: Break-even point = Fixed cost / (Sales price per unit - Variable cost per unit)

Q: Sheridan Company sells product 2005WSC for $65 per unit. The cost of one unit of 2005WSC is $62, and…

A: Net Realizable Value = Normal selling price - disposal cost = $65 - $6 = $59 per unit