Sales 60,000 ACquestion Variable Overheads. 36,0000 Contribution 1,15,000 Fixed Overheads Profit 86400 Find out Profit-Volume Ratio and Break-even-point... ( Handwriting solution not required...)
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Sales 60,000
ACquestion
Variable
Contribution 1,15,000
Fixed Overheads Profit 86400
Find out Profit-Volume Ratio and Break-even-point...
( Handwriting solution not required...)
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- What is the cost of direct labor f the conversion costs are $330.000 and manufacturing overhead is $275,000? $55,000 $275,000 $330,000 $605,000Direct material costs $3 per unit, direct labor costs $5 per unit, and overhead is applied at the rate of 100% of the direct labor cost. What is the value of the Inventory transferred to the next department if beginning inventory was 2,000 units; 9,000 units were started; and 1.000 units were in ending inventory? A. $1,000 B. $13,000 C. $130.000 D. $20.000Starling Co. manufactures one product with a selling price of 18 and variable cost of 12. Starlings total annual fixed costs are 38,400. If operating income last year was 28,800, what was the number of units Starling sold? a. 4,800 b. 6,400 c. 5,600 d. 11,200
- Sales of the product 80,000 units Material=4,80,000 Labor=1,60,000 Variable Overheads=3,20,000 Fixed Overhead=5,00,000 Fixed portion of the capital employed is 12 Lakhs. Its varing portion will be 50% of sales turnover. Find the selling price per unit to earn 12% net on capital employed(Net of Tax @40%)Sales revenue (6,000 units) $150,000 Cost of goods sold: Fixed costs $18,000 Variable costs 30,000 48,000 Gross profit 102,000 Operating expenses: Fixed costs 27,000 Variable costs 12,000 39,000 Operating income $ 63,000 How much is MDI’s total contribution margin?Sales (15,000 pools) $ 675,000 $ 675,000 Variable expenses: Variable cost of goods sold* 435,000 461,890 Variable selling expenses 20,000 20,000 Total variable expenses 455,000 481,890 Contribution margin 220,000 193,110 Fixed expenses: Manufacturing overhead 130,000 130,000 Selling and administrative 84,000 84,000 Total fixed expenses 214,000 214,000 Net operating income (loss) $ 6,000 $ Direct materials 3.0 pounds $5.00 per pound $ 15.00 Direct labor 0.8 hours $16.00 per hour 12.80 Variable manufacturing overhead 0.4 hours* $3.00 per hour 1.20 Total standard cost per unit $29.00 During June the plant produced 15,000 pools and incurred the following costs: Purchased 60,000 pounds of materials at a cost of $4.95 per pound. Used 49,200 pounds of materials in production. (Finished goods and work in…
- Sales revenue is $725,700; allocated manufacturing overhead is $95,100; actual manufacturing overhead is $120,500; and cost of goods sold before adjustment is $380,300. What is the actual gross profit? Question 47 options: $224,900 $320,000 $370,800 $345,400Fixed expenses of the business 345,000Unit selling price for a single item sold is 360Variable expense 210.What is the safety margin at the 3,000 unit production level? 0.500.180.360.230.41Percentage of gross margin 550,000 revenue 165,0000 good of sold operating expensive 325,0000
- Sales (65000 units) 15,600,000 Variable cost 8,736,000 Contribution Margin 6,864,000 Fixed Costs 4,011,744 Operating Income 2,852,256 With the above information Can you answer the following question Suppose actual sales revenue exceed the estimated amount on the projected income statement by $612,000. Without preparing a new income statement, determine the amount by which the profits are underestimated.Menlo Company distributes a single product. The company’s sales and expenses for last month follow: Total Sales P450,000 Variable expenses 180,000 Contribution margin 270,000 Fixed expenses 216,000 Net operating income P 54,000 Units sold is 15,000 units Required: a. What is the break-even point in units sold and in sales dollars? b. Without resorting to computations, what is the total contribution margin at the break-even point? c. How many units would have to be sold each month to earn a target profit of P90,000? Verify your answer by preparing a contribution format income statement at the target sales level. d. Refer to the original data. Compute the company’s margin of safety in both dollar and percentage terms.Consider the following: Fixed expenses P78,000; Unit contribution margin 12;Target net profit 42,000. How many unit sales are required to earn the target net profit? A. 15,000 unitsB. 10,000 unitsC. 12,800 unitsD. 20,000 units
