Answered: Sales Mix Analysis Delving…

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

See similar textbooks

Similar questions

Total Sales: $60,000 Price per unit: $10 Estimated order cost: $25 per order Inventory Cost: $0.70 What is the optimum order size?
Unit Sales = 500 unitsSales Price = 700/unitVariable Cost = 300/unitFixed Cost = 100,000Contribution Margin Ratio = 50%Compute for the total costCompute for the margin of safety
National Beverages company estimated the sales as follows Al Dahirah ( in units ) Al Batinah (In units ) Soft drinks 200,000 250,000 Mineral water 50,000 80,000 Assumed that selling price of Soft drinks OMR 0.250 Bz and Mineral water OMR 0.100 Bz., Estimate the total sales in volume. a. OMR 580,000 b. 58,000 Units c. 580,000 Units d. 55,000 Units
Assume that gross profit averages 40% for RAMCO. If sales are $1,600,000 and sales returns are $100,000, beginning inventory is $200,000, and purchases are $1,000,000 What is RAMCO's estimated Cost of Goods Sold? Group of answer choices $900,000 $300,000 $600,000 $640,000 $960,000
Calculate the sales and food costs for the volumes below from the following data: Menu Price $12.00 Food Cost 3.60 Covers Sales Food Cost 1 . . 10 . . 50 . .
(e) Product Blue Product Red £ £Selling £12.00 £24.00Variable cost £ 4.00 £ 8.00Contribution margin £ 8.00 £16.00Fixed costs apportioned £200,000 £400,000Budgeted Sales Units 140,000 60,000Required:Calculate the breakeven points, for each product and the company as a wholeand comment on your findings
Compute the sales and food costs for the volumes below from the following data: Menu Price $12.00 Food Cost 3.60 Covers Sales Food Cost 1 10 50
Multiplication table: 1. Quantity ordered Percentage of Discount Less than 100 units 5 % 101-150 units 10% 151-200 units 15% 201-250 units 20% 251units and above 25% With reference to the above table, if a cumulative discount was given by JJ Cake Pastries to Ace Catering for twenty dozens of cupcakes, priced at P25.00 per unit for orders within one month. Total amount payable is P________ if orders are as follow: November 6, 2020 - 5 dozens November 8, 2020 - 10 dozens November 15, 2020 - 10 dozens November 20, 2020 - 8 dozensa. 7,425 b.7,920 c.8,910 d.8,415 2. William is the owner of a company that specializes in the manufacturing of office computers and printers. He recently received a large order from a company…
Unit Sales = 500 unitsSales Price = 700/unitVariable Cost = 300/unitFixed Cost = 100,000Contribution Margin Ratio = 50%Compute for the break-even point in volume
Sub Station and Planet Sub reported the following selected financial data ($ in thousands). Sub Station’s business strategy is to sell the best-tasting sandwich with the highestquality ingredients. Planet Sub’s business strategy is to sell the lowest-cost sub on the planet. Sub Station Planet SubNet sales $ 108,249 $ 62,071Net income 25,922 3,492Total assets, beginning 75,183 38,599Total assets, ending 116,371 44,533Required:1. Calculate Sub Station’s return on assets, profit margin, and asset turnover ratio.2. Calculate Planet Sub’s return on assets, profit margin, and asset turnover ratio.3. Which company has the higher profit margin and which company has the higher asset turnover? Is this consistent with the primary business strategies of these two companies?
Use CVP and compute the sales revenue necessary to achieve an IBIT of $162,000 for a multi-product restaurant from the information below. Food Beverage Total Sales $240,000 $160,000 $400,000 100% VC 144,000 48,000 192,000 48% CM 96,000 112,000 208,000 52% FC 150,000 IBIT 58,000
(e) Product Blue Product Red Selling $12.00 $24.00Variable cost $4.00 $8.00Contribution margin $8.00 $16.00Fixed costs apportioned $200,000 $400,00Budgeted Sales Units 140,000 60,000 Calculate the breakeven points, for each product and the company as a whole and comment on your findings f)Discuss the merits and demerits of the cost volume profit analysis (CVP)

SEE MORE QUESTIONS

Recommended textbooks for you

FINANCIAL ACCOUNTING

Accounting

ISBN:

9781259964947

Author:

Libby

Publisher:

MCG

Accounting

ISBN:

9781337272094

Author:

WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.

Publisher:

Cengage Learning,

Accounting Information Systems

Accounting

ISBN:

9781337619202

Author:

Hall, James A.

Publisher:

Cengage Learning,

FINANCIAL ACCOUNTING

Accounting

ISBN:

9781259964947

Author:

Libby

Publisher:

MCG

Accounting

ISBN:

9781337272094

Author:

WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.

Publisher:

Cengage Learning,

Accounting Information Systems

Accounting

ISBN:

9781337619202

Author:

Hall, James A.

Publisher:

Cengage Learning,

Horngren's Cost Accounting: A Managerial Emphasis…

Accounting

ISBN:

9780134475585

Author:

Srikant M. Datar, Madhav V. Rajan

Publisher:

PEARSON

Intermediate Accounting

Accounting

ISBN:

9781259722660

Author:

J. David Spiceland, Mark W. Nelson, Wayne M Thomas

Publisher:

McGraw-Hill Education

Financial and Managerial Accounting

Accounting

ISBN:

9781259726705

Author:

John J Wild, Ken W. Shaw, Barbara Chiappetta Fundamental Accounting Principles

Publisher:

McGraw-Hill Education

SEE MORE TEXTBOOKS