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Candlemania, Inc. Financial Projections - 2021 Inputs: Section A: Section B: Section C: 2020 Actual 30,000 Change Factors 2021 What-If? 0% 0% 0% 0% 0% 0% 0% 2021 What-If? Sales in units ? Sales price per unit Direct materials cost per unit Direct labor cost per unit Variable overhead cost per unit | $ 120.00 ? 18.00 ? 16.00 ? 22.00 ? Fixed costs 2$ 500,000 ? Target Income Income Projections: $4 700,000 2020 Actual Sales ? ? Less variable expenses: Direct materials ? ? Direct labor ? Variable overhead ? ? Total variable expenses ? ? Contribution margin Less fixed expenses ? ? ? ? Income before taxes Contribution margin per unit Contribution margin ratio ? ? ? ? Break-even sales in units ? ? Break-even sales in $$ ? ? Margin of safety in units Margin of safety in sales $$ Sales in units to yield target income ? ? ? ? ?

Swifty Company expects to produce 1,464,000 units of Product XX in 2022. Monthly production is expected to range from 97,600 to 146,400 units. Budgeted variable manufacturing costs per unit are direct materials $6, direct labor $7, and overhead $8. Budgeted fixed manufacturing costs per unit for depreciation are $2 and for supervision are $1. Prepare a flexible manufacturing budget for the relevant range value using 24,400 unit increments. (List variable costs before fixed costs.)

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Current Attempt in Progress     Concord Company manufactures a variety of tools and industrial equipment. The company operates through three divisions. Each division is an investment center. Operating data for the Home Division for the year ended December 31, 2022, and relevant budget data are as follows.     Actual   Comparison with Budget Sales   $1,400,000   $101,000  favorable Variable cost of goods sold   680,000   55,000  unfavorable Variable selling and administrative expenses   124,000   24,000  unfavorable Controllable fixed cost of goods sold   169,000   On target   Controllable fixed selling and administrative expenses   79,000   On target   Average operating assets for the year for the Home Division were $2,000,000, which was also the budgeted amount. (a)     Prepare a responsibility report for the Home Division. (List variable costs before fixed costs. Round ROI to 2 decimal places, e.g. 1.57%.) CONCORD COMPANYHome…

General Accounting problem

Year 2020 2021 2022 Budgeted Production 20,000 20,000 20,000 a. $27,500 b. $47,000 UNITS Variable production costs Fixed OH production costs Variable selling & admin. expense Fixed selling & admin. expense Actual Production 16,000 25,000 15,000 c. $23,000 d. $50,000 e. $42,500 f. ($20,000) g. $53,750 h. None of the above Actual Sales 14,000 22,000 19,000 The company uses the FIFO inventory method. 2020 was the first year of operation. If operating income under variable costing for year 2021 is $35,000, what was the 2021 operating income under the absorption costing method assuming that overhead was applied to production using a rate based on actual production for each year? $8 per unit $100,000 per year $4 per unit $60,000 per year

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Question 2 Dickson Group has two divisions. The following statement shows the financial result of each division for the year ended 2020. Year 2020 Division B Division A Product type Equipment B Component A Sales volume 72,000 units 140,000 units $00 $00 Sales revenue 720,000 196,000 Variable costs (382,000)%23 (140,000) Contribution 338,000 56,000 Fixed costs 60,000 (20,000) Operating profit 278,000 36,000 # include buying components from Division A. Division A manufactures one type of component only. It sells the components to external customers and also to Division B. The following information is available: Division A Current production capacity 140,000 units Sold to Division B 72,000 units Sold to external markets 68,000 units External market demand for Component A Market price $1500 per unit 112,000 units The current policy of the group is that internal sales 72,000 units should be transferred at their opportunity cost. Consequently, some components were transferred to Division B…

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BUAD 205: Extra Credit Opportunity You are in charge of the following cost: Budgeted production in units: 10,000 Budgeted Cost: Indirect Materials 250,000 Indirect Labor 260,000 Utilities 190,000 Depreciation 280,000 Property Taxes 70,000 Supervision 50,000 1,100,000 Demand has increased Sell 12,000 Actual Cost: Indirect Materials 295,000 Indirect Labor 312,000 Utilities 225,000 Depreciation Property Taxes Supervision 280,000 70,000 50,000| 1,232,000 Your manager put the following table together: Budget Actual Variance production in units: 10,000 12,000 F=favorable U=Unfavorable Budgeted Cost: Indirect Materials 250,000 295,000 45.000 Indirect Labor 260,000 312,000 52,000 U Utilities 190,000 225,000 35,000 U Depreciation 280,000 280.000 Property Taxes Supervision 70,000 70,000 50,000| 1,232,000 50,000 1,100,000 132,000 U Requirement: Looking at the table, he is very dissatisfied with your performance. Should he fire you today? Please explain. Show calculations where necessary.

A division sold 100,000 calculators during 2019:   Sales                                                                      $2,000,000 Variable costs:       Materials                                 $380,000       Order processing                       150,000       Billing labor                              110,000       Selling expenses                         60,000       Total variable costs                                              700,000 Fixed costs                                                              1,000,000 How much is the contribution margin per unit? $2 $7 $17 $13

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Need detail explanation Provide income statement at sales volume 12,000, 14,000, 16,000, and 18,000  ** attached image

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