res Manufacturing builds and sells snowboards, skis and poles. The sales price and variable cost for each follo Selling Price Variable Cost duct per Unit per Unit ards $320 $190 $410 $230 $50 $20 les mix is reflected in the ratio 6:3:1. If annual fixed costs shared by the threo produr

res Manufacturing builds and sells snowboards, skis and poles. The sales price and variable cost for each follo Selling Price Variable Cost duct per Unit per Unit ards $320 $190 $410 $230 $50 $20 les mix is reflected in the ratio 6:3:1. If annual fixed costs shared by the threo produr

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Identification of variable, semi-variable, and fixed costs.*Provide total VC/unit, total FC, and Semi-VC here as well. q 1. Breakeven in units. q 2. Breakeven in Sales q 3. Units including Target profit q 4. Income statement as at Dec.31, 202x V&A Carpet cleaning (Finney Franchise) based on units from Q3 with target profit
Company BB manufactures face masks with estimated cost data and other information as follows: Total Fixed cost and expenses P 777,600 Selling price P 10 Variable Cost per unit P 8 The number of units Company BB must sell to break-even is 388,800 units 518,400 units 583,200 units 972,000 units Answer A Group of answer choices 1 2 3 4
4. Salvador Manufacturing builds and sells snowboards, skis and poles. The sales price and variable cost for each are shown: Product Selling Priceper Unit Variable Costper Unit Snowboards $320.00 $170.00 Skis $400.00 $225.00 Poles $50.00 $20.00 Their sales mix is reflected in the ratio 7:3:2. NOTE #2: Units are whole numbers with commas as needed (i.e. 1,234). All dollar amounts are rounded to whole dollars and shown with "$" and commas as needed (i.e. $12,345). What is the overall Composite Unit Contribution Margin for Salvador with their current product mix? If annual fixed costs shared by the three products are $196,200, how many units of each product are to be sold in order for Salvador to break even? Snowboards? Skis ? Poles? Determine their break-even point in sales dollars. Snowboards ? Skis? and Poles?
JJ Manufacturing builds and sells switch harnesses for glove boxes. The sale sprice and variable cost for each follow: Product Selling Price Variable Cost per unit per unit Trunk Switch $60.00 $28.00 Gas door switch $75.00 $33.00 Glove box light $40.00 $22.00 Their sales mix is reflected in the ratio 4:4:1. What is the overall unit contribution margin for JJ Manufacturing with their current product mix?
alvadores Manufacturing builds and sells snowboards, skis and poles. The sales price and variable cost for each follows: Product Selling Priceper Unit Variable Costper Unit Snowboards $300 $160 Skis $420 $210 Poles $60 $30 Their sales mix is reflected in the ratio 6:4:1. What is the overall unit contribution margin for Salvadores with their current product mix? Overall Unit Contribution Margin $fill in the blank 1
please answer within the format by providing formula the detailed workingPlease provide answer in text (Without image)Please provide answer in text (Without image)Please provide answer in text (Without image) Exhibit 1: Assumptions (Both Products) Product #1: Launch-it Sales price per unit $ 10.00 Variable costs per unit: $ 4.00 Monthly volume 240 Product #2: Treat-time Sales price per unit $ 30.00 Variable costs per unit: $ 14.00 Monthly volume 160 Total fixed costs per month $ 1,500.00 Target profit per month $ 8,000.00 Margin of Safety (in $) Margin of Safety % Degree of Operating Leverage Expected % change in operating income (%)
f. Short-Term Product-Mix Decision DVD Production Company produces two basic types ofvideo games, Flash and Clash. Pertinent data for DVD Production Company follow:*Based on direct labor hours: 4 direct labor hours (DLHs) per unit of Flash and 2 DLHs perunit of Clash.Flash ClashSales price $250 $140CostsDirect materials 50 25Direct labor (@ $25/hr.) 100 50Variable factory overhead* 50 25Fixed factory overhead* 20 10Marketing costs (all fixed) 10 10Total costs $230 $120Operating profit $ 20 $ 20The DVD game craze is at its height so that either Flash or Clash alone can be sold to keep the plantoperating at full capacity. However, labor capacity in the plant is insufficient to meet the combineddemand for both games. Flash and Clash are processed through the same production departments.Required1. What is the meaning and importance of the statement that “Flash and Clash are processed through thesame production departments”?
Salvadores Manufacturing builds and sells snowboards, skis and poles. The sales price and variable cost for each follows: Product Selling Priceper Unit Variable Costper Unit Snowboards $310 $180 Skis $410 $210 Poles $50 $20 Their sales mix is reflected in the ratio 7:4:2. What is the overall unit contribution margin for Salvadores with their current product mix? Overall Unit Contribution Margin $fill in the blank 1
Cost Relationships The following costs are for Optical View Inc., a contact lens manufacturer:Output in Units Fixed Costs Variable Costs Total Costs250 $4,750 $ 7,500 $12,250 300 4,750 9,000 13,750350 4,750 10,500 15,250400 4,750 12,000 16,750Required1. Calculate and graph total costs, total variable cost, and total fixed cost.2. For each level of output calculate the per-unit total cost, per-unit variable cost, and per-unit fixed cost.3. Using the results from requirement 2, graph the per-unit total cost, per-unit variable cost, and per-unitfixed cost, and discuss the behavior of the per-unit costs over the given output levels.
Tiger Golf Accessories sells golf shoes, gloves, and a laser-guided range-finder that measures distance. Shown below are unit cost and sales data. Pairs ofShoes Pairs ofGloves Range-Finder Unit sales price $104 $34 $244 Unit variable costs 61 10 202 Unit contribution margin $43 $24 $42 Sales mix 40 % 43 % 17 % Fixed costs are $634,278. Calculate weighted-average unit contribution margin. (Round answer to 2 decimal places e.g. 10.25.) Weighted-average unit contribution margin $ Compute the break-even point in units for the company. Break-even point units Determine the number of units to be sold at the break-even point for each product line. Shoes Gloves Range Finders
Contribution Margin, Break-Even Units, Contribution Margin Income Statement, Margin of Safety Cheetah Company manufactures custom-designed skins (covers) for iPods® and other portable MP3 devices. Variable costs are $11.20 per custom skin, the price is $16, and fixed costs are $105,600. Required: 1. What is the contribution margin for one custom skin? Round your answer to the nearest cent. 105,588 X per custom skin Accounting numeric field custom skins 2. How mal 3. If Cheetah Company sells 23,000 custom skins, what is the operating income? heetah Company sell to break even? 4. Calculate the margin of safety in units and in sales revenue if 23,000 custom skins are sold. Margin of safety in units Margin of safety in sales revenue Feedback Check My Work units 1. Calculate contribution margin per unit (Price - Variable cost).
Mountain Technical manufactures mountaineering tents. It has fixed costs of $8,280,000. Mountain Technical's unit cost and sales data is shown as follows: Ranier Shasta Whitney Model Model Model Unit sales price $300 $400 $500 Unit variable costs $260 $340 $380 Units sold 48,000 72,000 40,000 What is the weighted-average unit contribution margin? A. $220 B. $57 C. $73 D. $69 Determine the number of units of each model that the company must sell to break even: Group of answer choices A. Ranier - 36,000 units; Shasta - 54,000 units; Whitney –…