11. G-Gear Company produces a single product, a special gear used inautomatic transmissions. Each gear sells for P28, and the company sells500,000 gears each year. Unit cost data are presented below: (See image)The unit product cost of gears under variable costing is: *VariableFixedDirect materialDirect laborP6.00P5.00Manufacturing overheadSelling and administrativeP2.00P7.00P4.00P3.00a. P13О. Р20c. P17O d. P27

Unit product cost of gears under variable costing = Direct Material + Direct Labor + Variable…

Answered: 11. G-Gear Company produces a single…

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

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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: Product Sales Priceper Unit Variable Costper Unit AA $45 $30 BB 35 10 CC 35 5 Their sales mix is reflected as a ratio of 5:3:2. Annual fixed costs shared by the three products are $189,000 per year. A. What are total variable costs for Morris with their current product mix? Total variable costs $fill in the blank b16d34fd6fb7fb3_1 B. Calculate the number of units of each product that will need to be sold in order for Morris to break even. Number ofUnits per Product AA fill in the blank BB fill in the blank CC fill in the blank C. What is their break-even point in sales dollars? Break-even point in sales $fill in the blank
Suppose that a company has fixed costs of $16 per unit and variable costs $10 per unit when 10,803 units are produced. What are the fixed costs per unit when 19,315 units are produced? Round to the nearest penny, two decimal places.
Company XYZ has three products A, B and C. The sales mix for products A, B and Care 7, 5 and 4 units respectively. The contribution margin per unit for products A, B and C are $900, $600 and $400 respectively. Assuming that the fixed costs were $2,272,000. What is the breakeven point in units (in total)? (rounded to the nearest number) O a. 800 O b. 1,641 O c. None of the given answers O d. 6,745 O e. 3,335
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ABC Company manufactures and sells three products: Products A, B, and C. The following data has been provided by the company: A ($) B ($) C (S) Selling Price 100 120 50 Variable Cost Per Unit 60 90 40 Forecasted sales are the following: Product A = 200 units; Product B =400 units; and Product C = 1,000 units. The company incurred $120,000 total fixed costs. Required: Weighted average contribution margin per unit Total breakeven sales units Breakeven sales units of Product A Breakeven sales units of Product B Breakeven sales units of Product C Breakeven sales dollars of Product A Breakeven sales dollars of Product B Breakeven sales dollars of Product C Sales mix of Product A, to Product B, to Product C Breakeven packages
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Answer all parts of the question 1. The unit costs ($) for manufacturing a component for a washing machine are as follows: Direct labor: 20; direct materials: $5; indirect labor and materials: 20% of direct labor; fixed and administrative costs: 30; selling costs: 10. a) Assuming a 90% first-pass yield, what should the unit selling price be if the manufacturer desires a 20% profit margin for conforming product? b) The manufacturer has identified a secondary market for the nonconforming products, that they can sell at $75/unit. Conforming product they wish to sell at 30% above costs. What is the expected profit per unit sold if the company has the same first-pass yield as in part a)? c) If the company improves its first-pass yield to 98%, what is the expected profit per unit sold, assuming other conditions are as stated in part b)?
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The following data are available: variable cost per unit, P8, fixed cost per unit P10, profit P20,000. The above data is based on a production of 20,000 units. How many units are needed to break-even? The company creates products using P20 worth of direct materials per unit. The total fixed cost is P150,000. The units are always sold at P25 per unit. In the next year, the total fixed costs were increased to P200,000 when the company acquired another warehouse How many additional units must be sold to break even compared to the previous break-even point?
Presented below is data of B Ltd for next year. XYZ Selling price ($) 3.0 2.0 4.0 Unit variable cost ($) 1.0 0.8 1.2 Standard labor hours 2.5 2 3.5 Maximum sales demand (units) 300 500 400 Total labor hours available for production in a month is 1000 hours. Requirements: 1. Compute unit contribution per unit of labor hour and show the product mix to maximize profit. 2. If the labor hours can be increased by 100 hours, how many units of product should the company produce to maximize profit?
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Use this information for Carter Co. to answer the question that follows. Carter Co. sells two products, arks and bins. Last year, Carter sold 14,000 units of arks and 56,000 units of bins. Related data are as follows: Product Unit Selling Price Unit Variable Cost Unit Contribution Margin Arks Bins $120 80 $80 60 $40 20 Assuming that last year's fixed costs totaled $960,000, what was Carter Co.'s break-even point in sales units? a. 12,000 units O b. 28.000 units O c. 35,000 units O d. 40.000 units 13

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11. G-Gear Company produces a single product, a special gear used in automatic transmissions. Each gear sells for P28, and the company sells 500,000 gears each year. Unit cost data are presented below: (See image) The unit product cost of gears under variable costing is: *