wing company manufactures, and sells a single product that sells for $580 per unit variable costs are $319 annual fixed cost are $958,500. Current sales volume is $4,330,000 compute the break even point in units: 4816 3005 1653 668 3672
Q: X is obligated to procure and deliver 500 cases of "Puko" Beer to Y on April 2. X brought the cases…
A: A duty is a dedication to pay a 3rd birthday birthday celebration primarily based totally on an…
Q: A property was purchased for $9964.00 down and payments of $1506 00 at the end of every year for 3…
A: The question has asked to compute the purchase price of the property, and, the cost of finance.…
Q: Assume the following information for a company that produced 10,000 units and sold 9,000 units…
A: Absorption Costing :— Under this method, production cost is the sum of direct material, direct…
Q: n an attest engagement, the CPA can issue a report on the a. Subject Matter Client’s assertion…
A: Audit is an independent examination of financial statement conducted by the auditor to express an…
Q: 1. Aries Company provided the following int lance per book, March 31 ■sh receipts, April ash…
A: Bank Reconciliation Statement - An entity's bank account is matched up with its financial records…
Q: a Company is constructing a production complex that qualifies for interest capitalization. The…
A: A borrowing cost is that costs which is related to the acquisition , construction and production of…
Q: The income statement of Small Town, Inc. is as shown below: Small Town, Inc. Comparative Income…
A: Vertical analysis is the statement which shows the each line item as a percentage in comparison with…
Q: Assume that each year a company normally produces and sells 80,000 units of ts only product for $40…
A: The contribution margin is calculated as difference between sales and variable costs. The net income…
Q: Servicing business using non-conventional reporting of income has P600,000 service revenue. The cost…
A: Gross profit: The difference between the sales and the cost of goods sold is called gross income.…
Q: The following is a summary of information presented on the financial statements of a company on…
A: Horizontal analysis means where the analysis is made with regard with two different period where as…
Q: Joint Cost Allocation-Market Value at Split-off Method Man O'Fort Inc. produces two different styles…
A: Joint cost is the total combined cost which is incurred in a process from where more than one…
Q: Determine fixed costs using the high-low method from the following data: Total Costs…
A: Mixed-cost problems are solved using the High -Low-cost method. Variable and fixed costs are…
Q: Required: 1. Prepare an income statement showing the expected net operating income each year from…
A: Here I have calculated 1.Income statement 2.Simple rate of return 3. Payback period
Q: Ember engaged in three activities during the year. First, she spent 680 hours during the year acting…
A: If there is a loss in any business activity then such loss can be adjusted with the other income. If…
Q: Virginia Company uses the indirect method to prepare the statement of cash flows. Refer to the…
A: Statement of Cash flows reflects movement of cash during a period (i.e., a year). This statement is…
Q: Ron Ryder and Joe Jetty exchanged like-kind business property. Ron had an adjusted basis of $30,000…
A: Exchange of Assets - In Exchange of assets one or more assets i.e, Plant and equipment, building,…
Q: ancing activity esting activity erating activity
A: Cashflow statement shows the flow of cash transactions. It shows the inflow and outflow of cashflow.
Q: Ali Company uses a sales journal, purchases journal, cash receipts journal, cash payments journal,…
A: Accounting is the detailed process of recording, classifying, summarising and analysing financial…
Q: The probate process is governed by __________ law. Multiple Choice federal state…
A: When a deceased person has assets to be distributed, which include bank accounts, real estate,…
Q: The City of Meringen operates a central garage through an internal service fund to provide garage…
A: Journal entry is the procedure for initially documenting commercial transactions in the books of…
Q: auditors are to report any fraud at the company
A: Today, many companies resort to unfair practices in their business operations. Some corporations…
Q: Outline the differences between IRC Section 311 and 336/337 for non-liquidating and liquidating…
A: It represents the deregistration of company after the assets are being sold and the operations are…
Q: When an auditor decreases the planned assessed level of control risk because certain control…
A: Audit report represents the report prepared by an auditor that shows the opinion of the auditor on…
Q: ash Ccounts receivable quipment, net and tal assets Current Year $7,440 54,000 44,000 91,680…
A: Introduction:- Horizontal analysis is helps to measure of a company's financial statements over a…
Q: Record journal entries that the company would record during 20X1 if the company accounts for this…
A: Given in the question: Face Value $100,000 Stated Interest Rate 6% Interest is paid…
Q: Please note; $45,383,919.96 is not correct The options are: $47,554,834 $45,465,040…
A: To find the size of the bond, you need to use the present value formula: PV = FV / (1 + r)^n where…
Q: 11. On January 1, 2020, Jones Services receives a zero-interest note with a matu $10,000 and a three…
A: Solution a: Face value of note = $10,000 Normal rate of similar note = 10% Period of note = 3 years…
Q: Milling Department Cost of beginning work in process inventory Costs added during the period Total…
A: Cost per equivalent unit = Total costs/Equivalent units Total cost assigned to units completed and…
Q: Under the equity method, the investor must debit the Equity Investments account when a dividend is…
A: Equity method is used by the investor company when the percentage of investment in the common stock…
Q: John and Anne are partners. John has a capital balance of $48,000 and Anne has a capital balance of…
A: The correct answer is: (B) Bailey, capital will be credited for $13,000.
Q: Using the indirect method to prepare the statement of cash flows, Smith Company issued additional…
A: the cash flow prepared by the company to find the cash flow that takes place into the company and…
Q: eBook Show Me How Support Department Cost Allocation-Sequential Method Bucknum Boys, Inc., produces…
A: Cost allocation is the process of identifying and allocating the cost to the respective departments…
Q: Your neighbor goes to the post office once a month and picks up two checks, one for $34,000 and one…
A: By dividing the typical room revenue by the overall number of sold rooms, the current average rate…
Q: Complete: Current Assets Cash Accounts receivable Prepaid rent Merchandise inventory Total current…
A: Common Size Balance Sheet is a technique of analyzing the Balance Sheet of the Business Entity.…
Q: Trading debt investments include
A: The correct answer is: (B) debt securities that the investor plans to sell in the very near future.…
Q: C collected a note of P5,000 plus interest of P200. The asset of C is increased by a. P5,200 b.…
A: Solution.. Cash to be received by C will include a Principal amount and the interest amount.…
Q: Tra Curbstone Company Income Statement For the Year Ended August 31, 20Y5 to for 000.00
A: Income statement shows the net income or net loss that is calculated by deducting the expenses from…
Q: Exercise 5-1 (Algo) Computing revenues, expenses, and income LO C1 Fill in the blanks in the…
A: The gross profit is calculated as difference between sales and cost of goods sold. The net income is…
Q: The trend analysis report of Poplar, Inc. is given below (in millions): 2025 2021 2024 2023 2022…
A: Trend percentages can be calculated on basis of various base. Base can be taken from the previous…
Q: Tomasino's inventory records show the following data at January 31: Beginning inventory Jan. 1 100…
A: The inventory can be valued using various methods as LIFO, FIFO and weighted average method. Using…
Q: Which of the following methods is being described by a transfer price equal to 130% of full cost?…
A: The concept of transfer price generally arises when one division sells goods or services to another…
Q: d costs costs ct labor time variance is 7,100 6,200
A: Answer : Direct labor time variance = (Actual hour* Standard rate) - (Standard hour* Standard rate)…
Q: QUESTION 4 On September 1, Sky Mountain Company borrowed $58,000 on a 6%, 9-month note payable to…
A: The adjustment entries are prepared at year-end to adjust the revenue and expenses of the current…
Q: Required information Exercise 11-3 (Algo) Depreciation methods partial periods [LO11-2] [The…
A: Depreciation Expense - Depreciation is an Expense incurred on use, wear and tear, passage of time…
Q: Baxter Company sold 9,200 units at $150 per unit. Normal production is 9,600 units. Standard: 5…
A: Variance arises when the actual costs are different from the budgeted costs. The results are…
Q: Mr. Yuson obtained a 20-year mortgage for PhP 2,200,000. If his monthly payment is PhP 18,500, how…
A: MORTGAGE Mortgage is a Type of Loan. Mortgage is an agreement between you and a lender that…
Q: Paul Swanson has an opportunity to acquire a franchise from The Yogurt Place, Incorporated, to…
A: Contribution format of income statement that shows the expected net operating income each year…
Q: Kennedy, Inc. reported the following data: Net income Depreciation expense Loss on disposal of…
A: The indirect cash flow approach determines cash flow by adjusting net income with differences…
Q: Based on the following cash flows (t=0 to t=5), calculate the Precise(Exact) ERR. Assume the MARR is…
A: t = 0 receipt of $20,000. t=1 disbursement of $15,000. t=2 disbursement of $10,000. t=3 no cash…
Q: The XYZ Division of ABC Corp. generated a residual income of $400,000 and a return on investment of…
A: RETURN ON INVESTMENT Return on Investment is help to calculate the benefit an investor will…
Step by step
Solved in 3 steps
- A company produces two products. E and F in batches of 100 units. The production and cost data are: The company can only perform 12,000 set-ups each period yet there is unlimited demand for each product. What is the differential profit from producing product E instead of product F for the year? A. $216,000 B. $204,000 C. $12,000 D. $54,000Lotts Company produces and sells one product. The selling price is 10, and the unit variable cost is 6. Total fixed cost is 10,000. Required: 1. Prepare a CVP graph with Units Sold as the horizontal axis and Dollars as the vertical axis. Label the break-even point on the horizontal axis. 2. Prepare CVP graphs for each of the following independent scenarios: (a) Fixed cost increases by 5,000, (b) Unit variable cost increases to 7, (c) Unit selling price increases to 12, and (d) Fixed cost increases by 5,000 and unit variable cost is 7.Olivian Company wants to earn 420,000 in net (after-tax) income next year. Its product is priced at 275 per unit. Product costs include: Variable selling expense is 14 per unit; fixed selling and administrative expense totals 290,000. Olivian has a tax rate of 40 percent. Required: 1. Calculate the before-tax profit needed to achieve an after-tax target of 420,000. 2. Calculate the number of units that will yield operating income calculated in Requirement 1 above. (Round to the nearest unit.) 3. Prepare an income statement for Olivian Company for the coming year based on the number of units computed in Requirement 2. 4. What if Olivian had a 35 percent tax rate? Would the units sold to reach a 420,000 target net income be higher or lower than the units calculated in Requirement 3? Calculate the number of units needed at the new tax rate. (Round dollar amounts to the nearest dollar and unit amounts to the nearest unit.)
- Gelbart Company manufactures gas grills. Fixed costs amount to 16,335,000 per year. Variable costs per gas grill are 225, and the average price per gas grill is 600. Required: 1. How many gas grills must Gelbart Company sell to break even? 2. If Gelbart Company sells 46,775 gas grills in a year, what is the operating income? 3. If Gelbart Companys variable costs increase to 240 per grill while the price and fixed costs remain unchanged, what is the new break-even point?Abilene Industries manufactures and sells three products (XX, W, and ZZ). The sales price and unit variable cost for the three products are as follows: Their sales mix is reflected as a ratio of 4:2:1. Annual fixed costs shared by the three products are $345.000 per year. What are total variable costs for Abilene with their current product mix? Calculate the number of units of each product that will need to be sold in order for Abilene to break even. What is their break-even point in sales dollars? Using an income statement format, prove that this is the break-even point.Morris Industries manufactures and sells three products (AA, BB, and CC). The sales price and unit variable cost for the three products are as follows: Their sales mix s reflected as a ratio of 5:3:2. Annual fixed costs shared by the three products are $25,000 per year. What are total variable costs for Morris with their current product mix? Calculate the number of units of each product that will need to be sold in order for Morris to break even. What is their break-even point in sales dollars? Using an income statement format, prove that this is the break-even point.
- Maple Enterprises sells a single product with a selling price of $75 and variable costs per unit of $30. The companys monthly fixed expenses are $22,500. What is the companys break-even point in units? What is the companys break-even point in dollars? Construct a contribution margin income statement for the month of September when they will sell 900 units. How many units will Maple need to sell in order to reach a target profit of $45,000? What dollar sales will Maple need in order to reach a target profit of $45,000? Construct a contribution margin income statement for Maple that reflects $150,000 in sales volume.Cadre, Inc., sells a single product with a selling price of $120 and variable costs per unit of $90. The companys monthly fixed expenses are $180,000. What is the companys break-even point in units? What is the companys break-even point in dollars? Prepare a contribution margin income statement for the month of October when they will sell 10,000 units. How many units will Cadre need to sell in order to realize a target profit of $300,000? What dollar sales will Cadre need to generate in order to realize a target profit of $300,000? Construct a contribution margin income statement for the month of August that reflects $2,400,000 in sales revenue for Cadre, Inc.Garrett Company provided the following information: Common fixed cost totaled 46,000. Garrett allocates common fixed cost to Product 1 and Product 2 on the basis of sales. If Product 2 is dropped, which of the following is true? a. Sales will increase by 300,000. b. Overall operating income will increase by 2,600. c. Overall operating income will decrease by 25,000. d. Overall operating income will not change. e. Common fixed cost will decrease by 27,600.
- Kerr Manufacturing sells a single product with a selling price of $600 with variable costs per unit of $360. The companys monthly fixed expenses are $72,000. What is the companys break-even point in units? What is the companys break-even point in dollars? Prepare a contribution margin income statement for the month of January when they will sell 500 units. How many units will Kerr need to sell in order to realize a target profit of $120,000? What dollar sales will Kerr need to generate in order to realize a target profit of $120,000? Construct a contribution margin income statement for the month of June that reflects $600,000 in sales revenue for Kerr Manufacturing.If a company has fixed costs of $6.000 per month and their product that sells for $200 has a contribution margin ratio of 30%, how many units must they sell in order to break even? A. 100 B. 180 C. 200 D. 2,000Marlin Motors sells a single product with a selling price of $400 with variable costs per unit of $160. The companys monthly fixed expenses are $36,000. What is the companys break-even point in units? What is the companys break-even point in dollars? Prepare a contribution margin income statement for the month of November when they will sell 130 units. How many units will Marlin need to sell in order to realize a target profit of $48,000? What dollar sales will Marlin need to generate in order to realize a target profit of $48.000? Construct a contribution margin income statement for the month of February that reflects $200,000 in sales revenue for Marlin Motors.