Let's say the following numbers are available after an analysis, what is the CTO? (contribution to overhead) Sales = $1.00 Variable costs = 0.8964 What is the CTO?This means the amount that can be applied.to overhead after all variable costs are paid. This was calculated as a % of sales. 7. Calculate breakeven point. Howmany units (dollars) of sales are needed to completely cover all costs? Breakeven =Fixed costs_Sales dollars) 1.0 Variable costs as a portion of net sales Breakeven =Fixed Costs.Selling price per unit - variable cost per unit Fixed costs are $1,149,722. CTO figure from above.Calculate the breakeven sales volume in dollarsWrite your answer here.(Sales units)

Breakeven Sales Volume (dollars)} = Fixed…

Answered: Let's say the following numbers are…

Practical Management Science

6th Edition

ISBN:9781337406659

Author:WINSTON, Wayne L.

Publisher:WINSTON, Wayne L.

Chapter2: Introduction To Spreadsheet Modeling

Section: Chapter Questions

Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...

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You are an audit senior of Sam & Partners and are in the process of reviewing the systems testingcompleted on the payroll cycle of Brown Industries Ltd, as well as preparing the audit programmes for the finalaudit.Brown operates several chemical processing factories across the country, it manufactures 24 hours a day, sevendays a week and employees work a standard shift of eight hours and are paid for hours worked at an hourly rate.Factory employees are paid weekly, with approximately 80% being paid by bank transfer and 20% in cash; thedifferent payment methods are due to employee preferences and Brown has no plans to change these methods.The administration and sales teams are paid monthly by bank transfer.Factory staff are each issued a sequentially numbered clock card which details their employee number andname. Employees swipe their cards at the beginning and end of the eight-hour shift and this process is notsupervised. During the shift employees are entitled to a 30-minute paid…
Cost-Volume-Profit Analysis (CVP analysis), also commonly referred to as Break-Even Analysis, is a way for companies to determine how changes in costs (both variable and fixed) and sales volume affect a company’s profit.1. Discuss the main components of CVP analysis by providing your own numerical example and constructing a Break-Even Chart.provide the meaning of cost volume profit analysis. Provide numerical data and calculate contribution margin ratio and variable expense ratio, break even in units and in sales, changes in net income, margin of safety and degree of operating leverage. Also, state the assumptions of cost volume profit CVP analysis??
You make beautiful coffee tables out of juniper trees. You funded this business yourself with a 50,000 investment. You sold 875 tables year one at 689 per table. Your material and labor costs were 227,500 for the year, and your additional operating expenses were 224,000. What us your ROI on your initial investment for this first year?
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Can you please conduct the cost/benefit analysis and inventory analysis. I do not know what calculations to do. Thank you
h. What is the total amount of actual manufacturing overhead cost incurred during the year? (Show T-Account) I. Is manufacturing overhead underapplied or overapplied for the year? By how much? J. What Is the cost of goods available for sale during the year? (Show complete calculations ) K. What is the journal entry to record the cost of goods sold referred to above? L. What is the ending balance in Finished Goods ? (Show T-Account ) M. Assuming that the company closes its underapplied or overapplied overhead to Cost of Goods Sold, what is the adjusted cost of goods sold for the year? N. What is the gross margin for the year ? O. What is the net operating income for the year ?
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You have performed preliminary analytical procedureson one of your audit engagements and observed the following independent situations:1. The allowance for obsolete inventory increased from the prior year, but the allowance as a percentage of inventory decreased from the prior year.2. Long-term debt increased from the prior year, but total interest expense decreasedas a percentage of long-term debt.3. The dollar amount of operating income is consistent with the prior year althoughthe entity was more profitable on a net income basis.4. The quick ratio decreased from the prior year, although the amount of cash and netaccounts receivable is almost the same as the prior year.Below are possible explanations for each of the observed changes in the financial statementamounts and ratios. For each observed change, select the most likely explanation(s)from the list below. Note: There may be more than one explanation for a given observedchange, and an explanation can be used more than once.a.…

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