10 points Rooney Corporation incurs the following annual fixed costs: Item Cost Depreciation $66,000 Officers' salaries 130,000 Long-term lease 85,000 12,000 eBook Property taxes Required Determine the total fixed cost per unit of production, assuming that Rooney produces 9,000, 9,500, or 10,000 units. Note: Round your answers to 2 decimal places. Print References Units Produced Fixed cost per unit 9,000 9,500 10,000
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- Vernon Corporation incurs the following annual fixed costs. Item Cost $ 52,000 120,000 85,000 9,000 Depreciation officers' salaries Long-term lease Property taxes Required Determine the total fixed cost per unit of production, assuming that Vernon produces 1,500, 2,000, or 2,500 units. (Round your answers to 2 decimal places.) Units Produced 1,500 2,000 2,500 Fixed cost per unitStuart Corporation incurs the following annual fixed costs. Item Depreciation Officers' salaries Long-term lease Property taxes Cost $ 66,000 190,000 Units Produced Fixed cost per unit Required Determine the total fixed cost per unit of production, assuming that Stuart produces 10,000, 10,500, or 11,000 units. (Round your answers to 2 decimal places.) 50,000 11,000 10,000 10,500 11,000Munoz Corporation incurs the following annual fixed costs: Item Cost $ 62,000 Depreciation Officers' 200,000 salaries Long-term lease 95,000 Property taxes 7,000 Required: Determine the total fixed cost per unit of production, assuming that Munoz produces 5,000, 5,500, or 6,000 units. (Round your answers to 2 decimal places.) Units Produced 5,500 5,000 6,000 Fixed cost per unit
- Franklin Corporation incurs the following annual fixed costs: Item Depreciation Officers' salaries Long-term lease Property taxes Cost $ 55,000 180,000 95,000 14,000 Skipped Required Determine the total fixed cost per unit of production, assuming that Franklin produces 8,500, 9,000, or 9,500 units. (Round your answers to 2 decimal places.) Units Produced 8,500 9,000 9,500 Fixed cost per unitFixed costSales revenue for XYZ Company is $1,000,000. The cost of goods sold is $450,000 and the operating expenses are S250,000. Interest revenue for the company is $100,000 and the interest expenses are $50,000. The minimum required rate of return is 15% and cost of operating assets $1,500,000. What is the residual income for XYZ Company? a. $125,000 b. $175,000 c. $100,000 d. $75.000
- Rongon Company manufactures twotypes of product. Selected information is given below:FantasyJoySelling price per unit$25$150Variable expenses per unit$15$35Number of units sold annually20,0005,000Fixed expenses total $480,800 per year. Required: i.Assuming the sales mix given above, do the following: a. Prepare a contribution format income statement showing both dollar and percent columns for each product and for the company as a whole. b. Compute the break-even point in dollars for the company as awhole and the margin of safety in both dollars and percent.ii.The company has developed a new product to be called Delight. Assume that the company could sell 10,000 units at $65each. The variable expenses would be $58each. The company’s fixed expenses would not change. a. Prepare another contribution format income statement, including sales of the Samoan Delight (sales of the other two products would not change). b. Compute the company’s new break-even point in dollars and the new margin…Which answer is correct?Consider the following Information for the business Harry's Vintage Records. Actuals from the year ended 31st December 2021; Total Sales Revenue Total Fixed Costs $380,000 $90,000 0.20 Contribution Margin Ratio Calculate Harry's profit or loss in 2021 Select one: O a. (13,000) O b. 11,000 c. 12,000 d. (14,000)
- The following annual information is for Dexter Corporation: Product A Revenue per unit: $20.00 Variable cost per unit: $15.00 Total fixed costs: $100,000 How many units does the company have to sell to achieve an after tax income of $75,000 if the income tax rate is 25%?The following annual information is for Bressler Corporation: Product X Revenue per unit: $10.00 Variable cost per unit: $5.00 Total fixed costs: $100,000 How many units the company has to sell to achieve an after tax income of $75,000 if the income tax rate is 25%?2.