1. The selling price of the sole product of Namor Inc. last year is P30 and the company earns a per-unit gross profit of P10. The number of units sold by the company this year is 20% more than the prior-year level of 15,000. What is the cost volume variance under the 4-way analysis

Q: A firm operated at 80% of capacity for the past year, during which fixed costs were $191,000,…

A: Operating profit is the amount of profit which is earned by an entity from its operations. It is…

Q: The following information is extracted from the income statement of Al Shams Private Ltd. The Price…

A: A method that helps to evaluate the change in operating income with respect to change in sales is…

Q: Last year, Terrific Copying had total revenue of $475 000, while operating at 60% of capacity. The…

A: Income earned from the business or services after deducting the variable cost, fixed cost and…

Q: During August, Tyson Company sold 6,600 units and reported the following income statement: Sales…

A: Lets understand the basics.Degree of operating leverage indicates how much change in net operating…

Q: Last month when Holiday Creations, Incorporated, sold 37,000 units, total sales were $148,000, total…

A: units sold = 37,000 units Total sales = $148,000Variable cost = $115,440Fixed cost = $36,500

Q: What would be the sales of D.S Corporation when expected profit for the month of December and Fixed…

A: Following is the answer to given question

Q: Nana Company had a margin of safety ratio of 20%, variable costs of 60% of sales, fixed costs of…

A: Fixed cost refers to those cost which doesn't changes with the changing level of production /sales…

Q: For the past year, LaPrade Company had fixed costs of $70,000, a unit variable costs of $32, and a…

A:

Q: ixed expenses were $36,900. Required: 1. What is the company's contribution margin (CM) ratio? 2.…

A: Contribution Margin Ratio is  percentage difference between corporate revenues and variable costs.…

Q: Vaughn Manufacturing reported sales of $2400000 last year (120000 units at $20 each), when the…

A: Margin of safety units = Total units sold - Break even units sold = 120000-72000 = 48000 units

Q: During the last accounting period, Sheridan Corporation sold 92000 units at $45 each. The variable…

A: Degree of operating leverage is a financial measure that helps to determine the impact on the net…

Q: Tucker Enterprises produces a single product. Following is the projected income statement for the…

A: MARGINAL COSTING INCOME STATEMENTMarginal Costing Income Statement is one of the Important Cost…

Q: Miller Company's contribution format income statement for the most recent month is shown below: Per…

A: The contribution margin is calculated as the sales less variable costs. The net income is calculated…

Q: Prepare a detailed CVP income statement for the month ended January 31, 2022.

A:

Q: The net income before tax that the company would disclose on an absorption-costing income statement…

A: Absorption Costing Statement...       Sales revenue (37000*15)  (A)   555000 Less:Production…

Q: LAST YEAR EASTON CORPORATION REPORTED SALES OF $720,000, A CONTRIBUTION MARGIN RATIO OF 30% AND A…

A: Question (1) Given information, Sales = $720,000Contribution margin ratio = 30% or 0.30Net loss =…

Q: Of the 12,000 units produced by Hirofumi Company during April 2022, 10,000 units were sold at P50…

A: Working:  Total variable costs = Materials + Direct labor + Variable factory overhead = P80,000 +…

Q: What is the Sales Volume Variance under 4-way analysis?se, the current ratio will

A: Any of the variances can we analyzed in 4 ways Fixed price/Spending variance Variable…

Q: Frymire Corporation produces and sells a single product. Data concerning that product appear below:…

A: Contribution margin per unit = sales - variable costs = $240-79.20 = $160.80 Contribution margin…

Q: The gross profit margin percentage (rounded) was?

A: Gross profit margin is the difference between Sales Revenue and Cost of Goods sold. Cost of goods…

Q: ameson Company provided the following information for the coming year: make income statement…

A: Income statement Particulars Amount $ Sales (230,000 units * $9.70) 2,231,000 Less: Cost of…

Q: Last year, lerrific Copying had total revenue of $475 000, while operating at 60% of capacity. The…

A: Net Income: Income earned from the business or services after deducting the variable cost, fixed…

Q: Last month Forbes Company had a $35,119 profit on sales of $145,998. Fixed costs are $77,167 a…

A: Contribution Margin Ratio = 77%

Q: The following data have been taken from the records of a company: 200,000 Production in units during…

A: Variable Costing - In this costing method, variable costs are considered while preparing the cost of…

Q: The following data relates to the operation of a company over a period of two years; year 1: 12,000…

A: Answer is option C = 22,680 Units Cost Inflation Index Cost Before Inflation…

Q: Assume a  company sold 28,000 units last year and ncrease the sales commission by $2 per unit. What…

A: Units sold means the number of goods sold by the entity in the market during a particular period.…

Q: For the most recent quarter, Baffle company had an after-tax profit of $62,720 from sales of 225,000…

A: Contribution margin is the difference between the sales and the variable cost. The contribution…

Q: Maack Corporation's contribution margin ratio is 18% and its fixed monthly expenses are $49,000. If…

A: Step 1: Introduction to CVP AnalysisCVP analysis, or cost-volume-profit analysis, is a management…

Q: Last month Bryn Company had a $45,057 profit on sales of $296,632. Fixed costs are $72,308 a month.…

A: Contribution Margin = Fixed Costs + Net Income. Contribution Margin Ratio = (Fixed Costs + Net…

Q: For its most recent fiscal year, a firm reported that its contribution margin was equal to 60…

A: The contribution margin is calculated as difference between sales and variable costs. The operating…

Q: Barnes Companyreports the following operating results for the month of August: sales $315,000 (units…

A: The contribution margin is calculated as difference between sales and variable costs. The net income…

Q: In 2018, Downy Co presented total variable cost at $687.50; total fixed cost at $6,750,000; sales…

A: Working note :- Particulars Amount $ Amount $ Sales price per unit  [a]   1250.00 Less…

Q: Suppose a company has a sale of Rs. 200,000 for the year. The cost structure is given as follows:…

A: Raw material  4931.50 Work in progress 2780.82 Finished goods 6986.30 Debtor  16438.35…

Q: Barnes Company reports the following operating results for the month of August: sales $325,000…

A: Fixed costs are costs that remains constant and is not affected by the production or sale of output.…

Q: For the past year, Pedi Company had fixed costs of $70,000, unit variable costs of $32, and a unit…

A: Fixed cost = $ 70,000 Selling price = $ 40 Variable cost = $ 32 Contribution per unit = Selling…

Q: Assume that Corn Co. sold 7,700 units of Product A and 2,300 units of Product B during the past…

A: Sales mix  = Sales of product/ total sales  Product A = 7700 / (2300 + 7700) = 0.77 Product B = 2300…

Q: The following annual information is for Dexter Corporation:   Product A Revenue per unit: $20.00…

A: Formula: Unit contribution margin = Selling price - Variable cost per unit

Q: In 2012, Grant Co. sold 160,000 units of its product at a selling price of $40. The variable cost…

A: Profit = (Sales * PV ratiio ) - Fxed cost So, FIxed cost = ( Sales * PV ratio ) - Profit

Q: Chandler Company sells its product for $108 per unit. Variable manufacturing costs per unit are $49,…

A: Under absorption costing, total cost incurred for manufacturing the product whether it is fixed cost…

Q: During 2022, Sheridan Corp. produced 38,000 units and sold 38,000 for $14 per unit. Variable…

A: ABSORPTION COSTING Absorption Costing is a Cost managerial Accounting method in which All Cost…

Q: During the month of December, Labu Corporation produced 10,000 units and sold them for P18.50 per…

A: Variable costs are those costs which changes along with change in activity level. Fixed costs do not…

Q: During 2022, Bridgeport Corp. produced 45,100 units and sold 36,080 for $14.00 per unit. Variable…

A: Income statement is a financial statement that shows profitability, total revenue and total expenses…