%24My HomengagevoWv2| Online teachir xO ) (29) Doja Cat, The Weekndow.com/ilrn/takeAssignment/takeAssignmentMam.ao?invoker=&takeAssignmentSessionLocator=&inprogress=false+| xeBookMarlin Motors sells a single product with a selling price of $350 with variable costs per unit of $140. The company's monthly fixed expenses are $42,000.A. What is the company's break-even point in units?Break-even unitsV units007B. What is the company's break-even point in dollars?Break-even dollars $A 000'0FeedbackCheck My WorkA. What is the contribution margin per unit? Determine this amount and use it to determine how many units are needed to cover the fixed costs.B. How many units are needed to break even? Use amount to determine the total sales dollars needed.C. Prepare a contribution margin income statement for the month of November when they will sell 110 units. Use a minus sign for a net loss if present.Income StatementSales2438,500Variable CostsA00tContribution Margin23,100Fixed Costs000006-PrevioNet Loss A My HomegageNowv2| Online teachir x) (29) Doja Cat, The Weekndgagenow.com/ilrn/takeAssignment/takeAssignmentMa.uo?invoker=&takeAssignmentSessionLocator=&inprogress=falseeBookD. How many units will Marlin need to sell in order to realize a target profit of $37,800?New break-even unitsunitsE. What dollar sales will Marlin need to generate in order to realize a target profit of $37,800?New break-even dollars $FeedbackCheck My WorkD. Remember that the break-even formula and the target profit formula are virtually the same. The only difference is that you are adding in the desired target profdetermine the amount required to reach that desired profit level. Use per unit contribution margin to determine the amount of needed units.E. The amount determined in part D can be used here. How many sales dollars would be needed? What do you need to use in the calculation to determine that?F. Construct a contribution margin income statement for the month of February that reflects $185,500 in sales revenue for Marlin Motors.Income StatementSales2$Variable CostsContribution MarginFixed CostsNet Income24

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Description: %24My HomengagevoWv2| Online teachir xO ) (29) Doja Cat, The Weekndow.com/ilrn/takeAssignment/takeAssignmentMam.ao?invoker=&takeAssignmentSessionLocator=&inprogress=false+| xeBookMarlin Motors sells a single product with a selling price of $350 with

Contribution margin per unit has been calculated as follows: Contribution margin per unit=Selling…

Business

Accounting

Marlin Motors sells a single product with a selling price of $350 with variable costs per unit of $140. The company's monthly fixed expenses are $42,000. A. What is the company's break-even point in units? Break-even units 200 V units B. What is the company's break-even point in dollars? Break-even dollars $ 70,000 V Feedback

Marlin Motors sells a single product with a selling price of $350 with variable costs per unit of $140. The company's monthly fixed expenses are $42,000. A. What is the company's break-even point in units? Break-even units 200 V units B. What is the company's break-even point in dollars? Break-even dollars $ 70,000 V Feedback

Excel Applications for Accounting Principles

4th Edition

ISBN:9781111581565

Author:Gaylord N. Smith

Publisher:Gaylord N. Smith

Chapter16: Manufacturing Accounting (mfg)

Section: Chapter Questions

Problem 4R: Open MFG2 and click the Chart sheet tab. The management of Twisp is convinced that the quality of...

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Nico sells a product for P6.25. The variable costs are P3.75. Janet's break-even units are 35,000. What is the amount of fixed costs? a.P 87,500 b.P 35,000 c.P131,250 d.P104,750
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Please answer quicklyX product; total sales quantity is 25, unit sales price is 1600 TL, unit variable expense is 1000 TL. (Total fixed expenses 120.000TL)What is the 'break-even point' of X according to uniform production? 2310143019
Don't use chatgpt, I will 5 upvotes question 5 For the current year, Electric Corporation expected to sell 42,300 industrial power cords. Fixed costs were expected to total $1,651,500; unit sales price was expected to be $3,900; and unit variable costs were budgeted at $2,400. Electric Corporation's margin of safety (MOS) in sales dollars is: (Do not round intermediate calculations.) A. $160,676,100. B. $194,851,099. C. $166,596,097. D. $178,401,100. E. $150,226,100. A B C D E
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Open MFG2 and click the Chart sheet tab. The management of Twisp is convinced that the quality of its products is highly dependent on their relative labor costs. Experience has shown that direct labor should account for at least 45% of the total product cost. According to the pie chart that appears on the screen, Twisp did not achieve this goal in 2011. How much should Twisp have spent on direct labor to reach its 45% goal? To find out, try different values for direct labor (cell C8), clicking the Chart sheet tab after each attempt. When you find a direct labor level that increases the direct labor percentage to 45%, enter the answer in the space provided: In 2011, direct labor needed to be ________________. Open MFG3 and click the Chart sheet tab. Did Twisp achieve its 45% goal in 2012? If not, answer the following: In 2012, direct labor needed to be ________________. When the assignment is complete, close the files without saving them again. Worksheet. The MFG2 worksheet presents the companys manufacturing activities for 2011. The company also had the following selling and general activities in 2011: sales of 13,503,000, selling expenses of 2,400,000, and general expenses of 1,200,000. Modify the worksheet to include this information in the Data Section and change the Answer Section so that it is in the form of an income statement. Preview the printout to make sure that the worksheet will print neatly on one page, and then print the worksheet. Save the completed file as MFGT. Hint: Expand the Data Section to include these additional input items alphabetically. Insert a row for sales under the heading in the Answer Section. Add the rest of the income statement information to the bottom of the schedule. You will need to enter formulas for gross profit, all the expenses, and net income. You will also need to change the statement name. Chart. Using the MFG2 file, prepare a single 3-D bar chart to show the dollar amount of materials, labor, and overhead incurred by Twisp in 2011 and 2012. Complete the Chart Data Table and use it as a basis for preparing the chart. Enter all appropriate titles, legends, and formats. Enter your name somewhere on the chart. Save the file again as MFG2. Print the chart.
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