your 1. The cost of producing mini-electric fan consist of P100 for labor, P120 for materials, and other variable cost of P1. Mini-electric fan can be sold for P350 each. The total fixed cost is P350,000 per month. Determine how many units of mini-electric fan must be sold to break even. Assume the units sold of mini electric fan of 500, 1,000, 3,000. Use graphical approach to show your answer.
Q: The inventory turnover ratio: Multiple Choice Is used to measure solvency. Reveals how many days a…
A: Inventory turnover is a financial statistic that shows how many times a company's inventory is sold…
Q: quipment costing P600,000 to Ace Company for P800,000. The equipment has a remaining life of five…
A: Thus Ace company is an associate and not a subsidiary company as the shares held are only 25%. An…
Q: The draft balance sheet of Four Corporation as of December 31, 2020 reported the net property, plant…
A: 1. Warehouse details Particulars Amount (P) Material 150000 Labour 800000…
Q: Ames Trading Company has the following products in its ending inventory. Cost per Market per Product…
A: Using LCM, the lower of the cost or market value is applied to the inventory valuation.
Q: Smithson Mining operates a silver mine in Nevada. Acquisition, exploration, and development costs…
A: An Asset Retirement Obligation (ARO) is a legal responsibility related with the retirement of a…
Q: Sweet Sixteen has two classes of stock authorized: $10 par preferred, and $1 par value common. As of…
A: The shareholders' equity section represents the total equity that belongs to the owners or…
Q: what is the meaning, purpose and formula of External Financing Need?
A: Finance Finance refers to the provision of money at the time it is required. Every business needs…
Q: Full Throttle Delivery Co provided the following information for costs of its delivery fleet. Month…
A: "Since you have posted a question with multiple sub parts, we will solve first three sub parts for…
Q: Find the current yield (as a %) of a bond whose coupon rate is listed as 4.875 and currently selling…
A: Current Yield = Annual Coupon/ Current price of Bond Current Yield = $ 4.875/ $ 104.875 Current…
Q: Even if we know that global warming due to rising levels of carbon dioxide in the atmosphere is a…
A: global warming is caused due to rise in the level of carbon dioxide and other gases. carbon dioxide…
Q: 4. The most appropriate definition of depreciation is: A. A means of determining the decrease in the…
A: Introduction:- The following methods used to calculate depreciation as follows under:- Straight…
Q: Sales $ 450000 ; Sales returns $ 50000 ; cost of goods sold $ 200000 Determine the values of Net…
A: Formula used: Gross profit = Net sales - cost of goods sold Deduction of cost of goods sold from net…
Q: Which of the following is an example of Discontinued Operations reported in a company’s income…
A: Discounted operations are those business operations which has been shut down or discontinued by the…
Q: The right attaches when the author first makes his work public: using the "C" symbol to claim…
A: Generally, copyright lasts for 70 years after the author’s death.
Q: Assume the perpetual inventory system is used. Determine the costs assigned to ending inventory when…
A: LIFO Method It is the method used for recording Inventory. Under this method, it is assumed that the…
Q: The charter of a corporation provides for the issuance of 118,000 shares of common stock. Assume…
A: Formula: Amount of cash dividends to be paid = No. of shares issued and outstanding x Dividend per…
Q: Cash received electronically through an electronic funds transfers (EFT)
A: Internal control represents the reasonable assurance that the employees of the company have not been…
Q: Calculate the dividends per share on each class of stock for each of the four years. Round all…
A: Dividend refers to that portion of the net income of the company which the company paid to its…
Q: A buyer of $7,800 in merchandise inventory failed to take advantage of the vendor's credit terms of…
A: The credit terms 2/15 means that 2% discount if payment is made within 15 days from the date of…
Q: Increase / (Decrease) P500,000 (4,600,000) (460,000) 4,800,000 Cash Accounts receivable Allowance…
A: It is the method of accounting in which the transactions are recorded using single entry, instead of…
Q: Planned amount A - 100 units, planned amount B - 150 units Actual amoint A - 80 units, actual amount…
A: The variances are calculated in order to compare the standard set and actual performance of the…
Q: On January 2, Bering Company disposes of a machine costing $57,600 with accumulated depreciation of…
A: A journal entry is often recorded in the main ledger; however, it may also be entered in a…
Q: on July 1, 2022, Trisha Company purchased the rights to a mine for P13,200,000, of which P1,200,000…
A: The depreciation expense is charged on tangible assets of the business, the depletion is charged on…
Q: Grass Pad's variable overhead is applied on the basis of direct labor-hours. The standard cost card…
A: The comparison of expected and actual results is referred to as variance analysis. For example, a…
Q: Planned costs of product A - 150000 Planned costs of product B- 220000 Real costs of product A –…
A:
Q: Revenue (with VAT) - 300 Costs of sales 270 Selling costs - 20 Profit from sales (profit +, losses…
A: Answer - Calculation of Profit/ Loss - Particular Amount Revenue with VAT 300 Less :…
Q: Required information PA9-1 (Algo) Computing Acquisition Cost and Recording Depreciation under Three…
A: Fixed asset : Assets which provide long term benefits are called fixed assets. These assets are…
Q: What happens when a qualified exempt importer subsequently sells what was imported to a taxable…
A: when a qualified exempt importer subsequently sells to non exempt person, the purchaser shall be…
Q: How do you figure out the balance of control and substantive testing? How does this link into…
A: Substantive testing can be defined as the process of auditing financial statements and obtaining…
Q: 1-3. Are high turnover ratios good or bad?
A: As per the guidelines, only one question is allowed to be solved so I am answering question 1-3.…
Q: Review the following transactions Requirements Prepare headings for a cash receipts journal.…
A: Cash receipt journal is the recording of the monetary transactions using a cash receipt journal…
Q: Beech Corporation is a merchandising company that is preparing a master budget for the third quarter…
A: Master budget is considered to be the sum of all budgets prepared.
Q: The following information was available from the inventory records of Swifty Corporation for…
A: Inventory valuation is based on the flow of exemption used by the company. There are many methods…
Q: Bourne Incorporated reports a cash balance at the end of the month of $2,620. A comparison of the…
A: Solution:- Preparation of the necessary entries to adjust the balance of cash as follows under:-
Q: YTL did not buy property during inflationary period. Identify the reasons given by Tan Sri Dr.…
A: As per our protocol we provide solution to the one question only but you have asked three questions…
Q: [The following information applies to the questions displayed below.] Allied Merchandisers was…
A: A Journal entry is a primary entry that records the financial transactions initially. The…
Q: Edison Leasing leased high-tech electronic equipment to Manufacturers Southern on January 1, 2021.…
A: Amortization Schedule- An amortization schedule, often known an amortization table, spells out…
Q: Territory and Product Profitability Analysis Coast to Coast Surfboards Inc. manufactures and sells…
A: Solution:- Calculation of a contribution margin by sales territory report as follows under:-
Q: In regards to the petrol sector, make an argument on the positives and negatives of price controls.…
A: Price controls can take the form of highest and lowest prices. Price controls can also be used to…
Q: al Benefit al M&O Cost al M&O Grac age Value Payment
A: Incremental internal rate of return refers to the process of analyzing the estimated rate of return…
Q: nd Joria are married and file a joint return. They have the following items for th ries S345,000 s…
A: The calculation of AGI is straightforward. Simply add all of your sources of income together and…
Q: PHILIPPINES -
A: Any interest/ surcharges on tax or any tax on assessment or income tax due shall not be allowed as…
Q: Calculate labor rate and efficiency variances and the controllable overhead variance and the…
A: 1. Labor Rate Variance: = (Actual Hours x Standard Rate) - (Actual Hours x Actual Rate) 2. Labor…
Q: Blossom Co. recently installed some new computer equipment. To prepare for the installation, Blossom…
A: IN THE GIVEN QUESTION COST OF CAPITAL ASSETS TO BE DETERMINE CAPITAL ASSETS SHOULD BE RECORDED AT…
Q: Total Current liabilities? Land 40 000 Building 40 000 Accounts Payable 8 000 Notes Payable 4 000…
A: Current liabilities are those which are payable within a period of one year.
Q: Nexis Corp. issues 1,110 shares of $9 par value common stock at $17 per share. When the transaction…
A: When common stock is issued anything received in excess of par is credited to paid in capital in…
Q: 55,200 P 155,200 P 173,200 P 86,400 P 86,400 P 98,400 P 48,000 P 41,600 P 41,600 P 47,600 P 32,000 P…
A: Here asked for multi question we will solve for first question accordance with the guidelines if you…
Q: Numbers 9-10 (LCNRV and Write-down of Raw Materials) The following figures relate to inventory of…
A: Inventory of material when recorded at LCNRV method implies that the cost of inventory to be…
Q: Suppose the 2020 adidas financial statements contain the following selected data (in millions).…
A: Ratio analysis helps to analyze the financial statements of the company. The management can take…
Q: 4. Skate Along, Inc has fixed costs of $740,000. They sell each pair of roller skates for $80 a…
A: Break even point means a point where there is no profit or loss incurred. in other words Break even…
Step by step
Solved in 2 steps with 1 images
- Schylar Pharmaceuticals, Inc., plans to sell 130,000 units of antibiotic at an average price of 22 each in the coming year. Total variable costs equal 1,086,800. Total fixed costs equal 8,000,000. (Round all ratios to four significant digits, and round all dollar amounts to the nearest dollar.) Required: 1. What is the contribution margin per unit? What is the contribution margin ratio? 2. Calculate the sales revenue needed to break even. 3. Calculate the sales revenue needed to achieve a target profit of 245,000. 4. What if the average price per unit increased to 23.50? Recalculate: a. Contribution margin per unit b. Contribution margin ratio (rounded to four decimal places) c. Sales revenue needed to break even d. Sales revenue needed to achieve a target profit of 245,000Dimitri Designs has capacity to produce 30,000 desk chairs per year and is currently selling all 30,000 for $240 each. Country Enterprises has approached Dimitri to buy 800 chairs for $210 each. Dimitris normal variable cost is $165 per chair, including $50 per unit in direct labor per chair. Dimitri can produce the special order on an overtime shift, which means that direct labor would be paid overtime at 150% of the normal pay rate. The annual fixed costs will be unaffected by the special order and the contract will not disrupt any of Dimitris other operations. What will be the impact on profits of accepting the order?Manatoah Manufacturing produces 3 models of window air conditioners: model 101, model 201, and model 301. The sales price and variable costs for these three models are as follows: The current product mix is 4:3:2. The three models share total fixed costs of $430,000. Calculate the sales price per composite unit. What is the contribution margin per composite unit? Calculate Manatoahs break-even point in both dollars and units. Using an income statement format, prove that this is the break-even point.
- Polaris Inc. manufactures two types of metal stampings for the automobile industry: door handles and trim kits. Fixed cost equals 146,000. Each door handle sells for 12 and has variable cost of 9; each trim kit sells for 8 and has variable cost of 5. Required: 1. What are the contribution margin per unit and the contribution margin ratio for door handles and for trim kits? 2. If Polaris sells 20,000 door handles and 40,000 trim kits, what is the operating income? 3. How many door handles and how many trim kits must be sold for Polaris to break even? 4. CONCEPTUAL CONNECTION Assume that Polaris has the opportunity to rearrange its plant to produce only trim kits. If this is done, fixed costs will decrease by 35,000, and 70,000 trim kits can be produced and sold. Is this a good idea? Explain.Hatch Manufacturing produces multiple machine parts. The theoretical cycle time for one of its products is 65 minutes per unit. The budgeted conversion costs for the manufacturing cell dedicated to the product are 12,960,000 per year. The total labor minutes available are 1,440,000. During the year, the cell was able to produce 0.6 units of the product per hour. Suppose also that production incentives exist to minimize unit product costs. Required: 1. Compute the theoretical conversion cost per unit. 2. Compute the applied conversion cost per minute (the amount of conversion cost actually assigned to the product). 3. Discuss how this approach to assigning conversion cost can improve delivery time performance. Explain how conversion cost acts as a performance driver for on-time deliveries.Shelby Industries has a capacity to produce 45.000 oak shelves per year and is currently selling 40,000 shelves for $32 each. Martin Hardwoods has approached Shelby about buying 1,200 shelves for a new project and is willing to pay $26 each. The shelves can be packaged in bulk; this saves Shelby $1.50 per shelf compared to the normal packaging cost. Shelves have a unit variable cost of $27 with fixed costs of $350,000. Because the shelves dont require packaging, the unit variable costs for the special order will drop from $27 per shelf to $25.50 per shelf. Shelby has enough idle capacity to accept the contract. What is the minimum price per shelf that Shelby should accept for this special order?
- Suppose that a company is spending 60,000 per year for inspecting, 30,000 for purchasing, and 40,000 for reworking products. A good estimate of nonvalue-added costs would be a. 70,000. b. 130,000. c. 40,000. d. 90,000. e. 100,000.Jansen Crafters has the capacity to produce 50,000 oak shelves per year and is currently selling 44,000 shelves for $32 each. Cutrate Furniture approached Jansen about buying 1,200 shelves for bookcases it is building and is willing to pay $26 for each shelf. No packaging will be required for the bulk order. Jansen usually packages shelves for Home Depot at a price of $1.50 per shell. The $1.50 per-shelf cost is included in the unit variable cost of $27, with annual fixed costs of $320.000. However, the $130 packaging cost will not apply in this case. The fixed costs will be unaffected by the special order and the company has the capacity to accept the order. Based on this information, what would be the profit if Jansen accepts the special order? A. Profits will decrease by $1,200. B. Profits will increase by $31,200. C. Profits will increase by $600. D. Profits will increase by $7,200.Variety Artisans has a bottleneck in their production that occurs within the engraving department. Arjun Naipul, the COO, is considering hiring an extra worker, whose salary will be $45,000 per year, to solve the problem. With this extra worker, the company could produce and sell 3,500 more units per year. Currently, the selling price per unit is $18 and the cost per unit is $5.85. Using the information provided, calculate the annual financial impact of hiring the extra worker.
- Flanders Manufacturing is considering purchasing a new machine that will reduce variable costs per part produced by $0.15. The machine will increase fixed costs by $18,250 per year. The information they will use to consider these changes is shown here.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.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.