Variable costs Manufacturing $5 per unit Administrative $3 per unit Selling $3 per unit Fixed costs Manufacturing $144,000 Administrative $72,000
Q: Total Sales revenue (30,000 units) $750,000 Variable costs 450,000 Contribution margin 300,000 Fixed…
A: Contribution margin ratio shows the percentage amount of contribution earned on given sales. It is…
Q: nits; unit selling price $73. it of finished goods: direct materials, 2 kg at $4 per kilogram g…
A: Direct Material 2kgs $ 4.00 $ 8.00 Direct Labour 4hrs $ 11.00 $…
Q: Menlo Company distributes a single product. The company’s sales and expenses for last month follow:…
A: The question is based on the concept of Cost Accounting. As per the Bartleby guidelines we are…
Q: Marinette Company makes several products, including canoes. The company has been experiencing losses…
A: Fixed costs can be divided into direct fixed costs that are related to a specific product or segment…
Q: Sanjay Company has monthly fixed costs of $112,000. The variable costs are $5.00 per unit. The sales…
A: Formula: Sales revenue = Sales units x Sales price per unit
Q: Mark Pro produces and sells a single product. Information on its costs follow: Variable costs: SG&A…
A: The margin of safety is calculated as difference between current sales and break even sales of the…
Q: Sales (45,000 units at $10 per unit).. Less cost of goods sold: $450,000 Direct materials Direct…
A: The build-up of costs and the break-up costs showed in a statement called a cost sheet, it is a…
Q: Sales (4,300 units) Variable expenses Contribution margin Fixed expenses Net operating income $ $…
A: Formula used: Contribution margin per unit = Total contribution margin / Number of units
Q: Unit selling price of video game consoles $400 Unit variable costs $280 Total fixed costs $48,000…
A: Under cost profit volume analysis sales is first compared with variable cost and contribution is…
Q: Frieden Company's contribution format income statement for last month is shown below: Sales (40,000…
A: The indifference point is when the company neither incurs loss nor profit. It is a point above which…
Q: Sales (7,200 units) $ 338, 400 Variable expenses 194, 400 Contribution margin Fixed expenses 144,000…
A: Formula: Contribution margin = Sales revenue - variable cost
Q: Starship Company sells 55,000 units at $14 per unit. Fixed costs are $67,000 and income from…
A: Contribution= Fixed cost+ Net income = $67000+$263000 = $ 330000 Contribution per unit=…
Q: Hinge Manufacturing’s cost of goods sold is $420,000 variable and $240,000 fixed. The company’s…
A: Net income can be calculated after deducting total expenses from the total sales. The total expenses…
Q: Sales (42,000 units) Variable expenses $ 294,000 168,000 $ 7.00 4.00 Contribution margin Fixed…
A: Operating income refers to the earnings made by the entity after deducting the total operating…
Q: Net loss ($28,500) All variable expenses vary with the number of units sold, except for sales…
A: Income Statement :— Income statement of the company provide the wealth of the Company. An income…
Q: The following information pertains to the Lurkins Company Sales price per unit $ 160 Variable cost…
A: Unit sales can be computed by dividing total fixed costs and net income of the business by…
Q: Number of units produced 2,900 Number of units sold 1,700 Unit sales price $ 790.00 Direct…
A: Absorption income statement is as follows: Results of the formulas used in the above table are as…
Q: of operation: Selling price per unit $ 91 Manufacturing costs: Variable manufacturing cost per unit…
A: The product cost consists of the cost that are incurred to produce a particular product.
Q: Factory manager's salary Janitor's salary Packaging costs Property taxes 11,000 5,000 19,400 15,000…
A: Variable cost = Direct labor cost + Direct materials cost + Packaging cost
Q: D. $1,080,000. PROBLEM 4 The following is Unknown Corporation's contribution format income statement…
A: The question is based on the concept of Cost Accounting. As per the Bartleby guidelines we are…
Q: Sales revenue (6,000 units) $150,000 Cost of goods sold:…
A: Total Contribution Margin = Sales - All Variable Cost
Q: Direct Material Cost per Unit 20.00 Direct Labor Cost 3,000 Manufacturing Overhead 16,000 Selling…
A: Total cost of prodcing included all manufacturing costs in the production process. Prime cost is…
Q: Sales P1,000,000 Direct Materials P 30 Direct Labor 500,000 variable Factory Overhead 300,000…
A: The income statement is prepared to find the net income or loss incurred during the period.
Q: Wang Co. manufactures and sells a single product that sells for $250 per unit; variable costs are…
A: In order to determine the contribution margin per unit, the variable cost per unit is required to be…
Q: Sales (18,000 units) Variable expenses Contribution margin Fixed expenses $ 360,000 144,000 216,000…
A: Formula: Contribution margin ratio = ( Contribution margin / Sales revenue ) x 100
Q: In Total Volume = 6,000 units Sales 930,000 Less variable expenses 480,000 Contribution margin…
A: Formula: Margin of safety units = Current sales units - Break even sales units Deduction of Break…
Q: What is the value of revenue to have operating income of $100,000? Units 3,000 Per Unit Revenue…
A: Contribution margin is the sales revenue which is over and above variable costs in the business.…
Q: reported this year: Sales revenue P 10,000,000 Variable costs 6,000,000 Fixed costs 3,200,000 If…
A: Calculation of Contribution Margin per Unit = [Sales Revenue - Variable Cost] / Number of Units =…
Q: Sanjay Company has monthly fixed costs of $112,000. The variable costs are $5.00 per unit. The sales…
A: Total sales revenue = Number of Units sold × selling price per unit
Q: e company targets a 12.0% markup on total cost. Variable Costs per Unit Direct materials $ 110…
A: Solution 1: Total cost per unit = total variable cost per unit + fixed cost per unit = (110 + 35 +30…
Q: Fixed expenses of the business 345,000 Unit selling price for a single item sold is 360 Variable…
A: SAfety Marging = [Production Level - Breakeven Point]/Production Level
Q: Direct materials per unit Direct labor per unit Variable overhead per unit Variable selling and…
A: Under variable costing, the period cost includes the variable and fixed non manufacturing overheads…
Q: sales per unit $15 $100 variable expenses per unit $9 $20…
A: Contribution margin = sales - variable cost
Q: If fixed costs are $1,209,000, the unit selling price is $226, and the unit variable costs are $109,…
A: Contribution margin per unit = Selling price - variable cost = $226 - $109 = $117 per unit
Q: Number of units sold 30,000 units Selling price per unit $1,000 Variable cost per unit S650 Total…
A: The contribution margin is calculated as difference between sales and variable costs.
Q: If fixed costs are $1,429,000, the unit selling price is $238, and the unit variable costs are $100,…
A: Formulas: Units required to earn desired profit: Units = (Fixed cost + Operating income) / (Selling…
Q: Amount Sales 123,000 Variable expenses 49,200 Contribution margin 73,800 Fixed expenses 24,000 Net…
A: Formula used: Degree of operating leverage = ( Total contribution margin / Net operating income )…
Q: Sales (30,000units) P 150,000…
A: Break even point = fixed cost/ contribution margin per unit Contribution margin = 49200
Q: Sales of the product 80,000 units Material=4,80,000 Labor=1,60,000 Variable Overheads=3,20,000…
A: Pricing plays an importanat role in sales of an product which was based on cost, market conditions…
Q: 1,000,000 units per year at sales price £1. Initial investment £800,000. Production cost p/u £.20…
A: The internal rate of return is the rate at which the present value of cash inflows are equal to the…
Q: Sales (8,400 units) $ 764,400 Variable expenses 445, 200 Contribution margin 319, 200 Fixed expenses…
A: Contribution margin per unit = Total contribution/Number of units sold
Q: Type of cost Sales person commision Wages Expense Cost 9.45 per unit $ 100,000.00 per month $…
A: Hello. Since your question has multiple sub-parts, we will solve first three sub-parts for you. If…
Q: Selling price per unit is $61 Variable manufacturing costs per unit manufactured (includes direct…
A: Variable Costing: Sales - Total Variable Cost = Contribution Margin Absorption Costing: Sales -…
Q: Production capacity. ....... Selling price to outside customers...... Variable cost per unit. Fixed…
A: Differential Analysis: Differential Analysis is an analysis used to differentiate between…
Q: Fixed costs in total: Manufacturing $100,000 (Budgeted or planned and actual)…
A: Since we only answer up to 3 subparts, we will answer the first 3. Please resubmit the question and…
Q: The following is last month's contribution format income statement: Total Sales (12,000) $300,000…
A: The Numerical has covered the concept of Margin of Safety. The margin of safety is defined as the…
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- Cold X, Inc. uses this information when preparing their flexible budget: direct materials of $2 per unit, direct labor of $3 per unit, and manufacturing overhead of $1 per unit. Fixed costs are $35,000. What would be the budgeted amounts for 20,000 and 25,000 units?Adam Corporation manufactures computer tables and has the following budgeted indirect manufacturing cost information for the next year: If Adam uses the step-down (sequential) method, beginning with the Maintenance Department, to allocate support department costs to production departments, the total overhead (rounded to the nearest dollar) for the Machining Department to allocate to its products would be: a. 407,500. b. 422,750. c. 442,053. d. 445,000.Haysbert Company provides management services for apartments and rental units. In general, Haysbert packages its services into two groups: basic and complete. The basic package includes advertising vacant units, showing potential renters through them, and collecting monthly rent and remitting it to the owner. The complete package adds maintenance of units and bookkeeping to the basic package. Packages are priced on a per-rental unit basis. Actual results from last year are as follows: Haysbert had budgeted the following amounts: Required: 1. Calculate the contribution margin variance. 2. Calculate the contribution margin volume variance. 3. Calculate the sales mix variance.
- Krouse Company produces two products, forged putter heads and laminated putter heads, which are sold through specialty golf shops. The company is in the process of developing itsoperating budget for the coming year. Selected data regarding the companys two products areas follows: Manufacturing overhead is applied to units using direct labor hours. Variable manufacturing overhead Ls projected to be 25,000, and fixed manufacturing overhead is expected to be15,000. The estimated cost to produce one unit of the laminated putter head is: a. 42. b. 46. c. 52. d. 62.Judges Gavel uses this information when preparing their flexible budget: direct materials of $3 per unit, direct labor of $2.50 per unit, and manufacturing overhead of $1.25 per unit. Fixed costs are $49,000. What would be the budgeted amounts for 33,000 and 35,000 units?Nashler Company has the following budgeted variable costs per unit produced: Budgeted fixed overhead costs per month include supervision of 98,000, depreciation of 76,000, and other overhead of 245,000. Required: 1. Prepare a flexible budget for all costs of production for the following levels of production: 160,000 units, 170,000 units, and 175,000 units. 2. What is the per-unit total product cost for each of the production levels from Requirement 1? (Round each unit cost to the nearest cent.) 3. What if Nashler Companys cost of maintenance rose to 0.22 per unit? How would that affect the unit product costs calculated in Requirement 2?
- Using Regression to Calculate Fixed Cost, Calculate the Variable Rate, Construct a Cost Formula, and Determine Budgeted Cost Refer to the information for Pizza Vesuvio on the previous page. Coefficients shown by a regression program for Pizza Vesuvios data are: Required: Use the results of regression to make the following calculations: 1. Calculate the fixed cost of labor and the variable rate per employee hour. 2. Construct the cost formula for total labor cost. 3. Calculate the budgeted cost for next month, assuming that 675 employee hours are budgeted. (Note: Round answers to the nearest dollar.) Use the following information for Brief Exercises 3-17 through 3-20: Pizza Vesuvio makes specialty pizzas. Data for the past 8 months were collected:Firenza Company manufactures specialty tools to customer order. Budgeted overhead for the coming year is: Previously, Sanjay Bhatt, Firenza Companys controller, had applied overhead on the basis of machine hours. Expected machine hours for the coming year are 50,000. Sanjay has been reading about activity-based costing, and he wonders whether or not it might offer some advantages to his company. He decided that appropriate drivers for overhead activities are purchase orders for purchasing, number of setups for setup cost, engineering hours for engineering cost, and machine hours for other. Budgeted amounts for these drivers are 5,000 purchase orders, 500 setups, and 2,500 engineering hours. Sanjay has been asked to prepare bids for two jobs with the following information: The typical bid price includes a 40 percent markup over full manufacturing cost. Required: 1. Calculate a plantwide rate for Firenza Company based on machine hours. What is the bid price of each job using this rate? 2. Calculate activity rates for the four overhead activities. What is the bid price of each job using these rates? 3. Which bids are more accurate? Why?Aspen Enterprises makes award pins for various events. Budget information regarding the current period is: A fraternity with which Aspen has a long relationship approached Aspen with a special order for 6,000 pins at a price of $2.75 per pin. Variable costs will be the same as the current production, and the special order will not impact the rest of the companys orders. However, Aspen is operating at capacity and will incur an additional $5,000 in fixed manufacturing overhead if the order is accepted. Based on this information, what is the differential income (loss) associated with accepting the special order?
- Variable Cost Ratio, Contribution Margin Ratio Chillmax Company plans to sell 3,500 pairs of shoes at 60 each in the coming year. Unit variable cost is 21 (includes direct materials, direct labor, variable factory overhead, and variable selling expense). Fixed factory overhead is 30,000 and fixed selling and administrative expense is 48,000. Required: 1. Calculate the variable cost ratio. 2. Calculate the contribution margin ratio. 3. Prepare a contribution margin income statement based on the budgeted figures for next year. In a column next to the income statement, show the percentages based on sales for sales, total variable cost, and total contribution margin.Flexible Production Cost Budget %24 $ 9:23 PM e here to search 12/13/2021Note: for credit you must show your calculations for this problem. The Magenta Company has provided the following information:Planned Production: 220,000 UnitsActual Production: 250,000 Units Selling price per unit $4.00Variable cost per unit $2.00Total fixed costs $220,000What is the Budgeted Net Operating Income using a Flexible Budget Methodology? View keyboard shortcuts EditViewInsertFormatToolsTable 12pt ParagraphSEE MORE QUESTIONS