#1 Suppose a company can make a unit of product for $7 in variable labor and materials and sell it for $10. A. Determine the contribution and contribution margin. B. What is the breakeven sales level in units and dollars for the company if the firm has fixed costs of $1,800 per month?
Q: Indicate where each of the following income-related items for this company appears on its current…
A: If any Gain or loss arises in business not due to regular activity will be Reported as Other usual…
Q: Which of the following conditions would cause the break-even point to increase? Oa. total fixed…
A: The break even point the fixed cost of the production of the material is equal to the difference in…
Q: Finished goods inspection 22,600 From the provided schedule of activity costs, determine the…
A: A value-added cost is the costs which is incurred for the purpose of increasing the value of goods…
Q: Blossom Company prepared the tabulation below at December 31, 2022 Net Income=$307,100 Adjustments…
A: Cash flows from operating activity means the cash flow from the daily operations of the business. It…
Q: A company's product sells at $12.22 per unit and has a $5.33 per unit variable cost. The company's…
A: Break-even is the point at which the entity is in a situation of no profit or no loss. It is the…
Q: Prepare the journal entry to record Jevonte Company’s issuance of 41,000 shares of its common stock…
A: Shares are the primary source of finance for the company. The holder of common shares in also known…
Q: Active Apparel Company manufactures various styles of men’s casual wear. Shirts are cut and…
A: Piece rate system and time rate system both do have own advantages and disadvantages. In the given…
Q: Identify the statute of limitations if no income tax return is filed or a fraudulent income tax…
A: Please see the answer below: Let us know about why we have to file income tax return : A tax return…
Q: Two of the main factors in determining the price at which bonds will sell are
A: The correct answer is: (D) the stated rate and the market rate.The stated rate of a bond is the rate…
Q: Problem Set 2. Production Budget Production Budget Mary's Coffee Shop has to compute for the sales…
A: Units to be sold in March(O) Item Cappuccino 195 Mocha 90 Latte…
Q: Sandhill Ltd. reported the following financial results: Profit was $440,000 in 2023, $409,200 in…
A: HORIZONTAL ANALYSIS Horizontal analysis is the comparison of historical financial information over…
Q: The following selected financial data is available for Sneasle Company: Cash $20,000 Accounts…
A: It is to be noted that assets are to be considered as current if they are expected to realize within…
Q: The following information has been taken from ABC Company for the year 2019 Sales revenues 3600,000…
A: The term "cost of goods sold" refers to the direct costs a business incurs when producing the…
Q: Ma1. Please classify as true or false and comment the following sentence: “The costs of the…
A: Manufacturing costs refer to the expenses incurred during in the production of a product. Some of…
Q: For hedge accounting to be used, U.S. GAAP requires that these criteria must be satisfied, except: O…
A: The objective of hedge accounting is to match the timing of income statement recognition of the…
Q: Nuclear safety devices installed several years ago have been depreciated from a first cost Modified…
A: Annual Worth - The annual worth is the sum of all the advantages and expenses over the course of a…
Q: The accounts and balances shown below were taken from ACCCOB2 Company's trial balance on December…
A: ANSWER Current asset are the assets that are expected to be hold or can be easily sold and it can be…
Q: Mahadeus opened an RRSP deposit account on December 1, 2008, with a deposit of $2300. He added $2300…
A: The amount in the account is $10,591.657 =$10,592(Rounded off) Workings:- The deposit of $2,300…
Q: Logan Company produces two products, Standard and Premier. Logan can sell all of the Standard and…
A: Production capacity = 220,320 machine hours Contribution margin per unit Standard = $24 Premier =…
Q: Fruitas Company uses the weighted average method to determine the cost of its inventory. During July…
A: “Since you have asked multiple question, we will solve the first question for you. If you want any…
Q: Pablo Company is considering buying a machine that will yield Income of $3,400 and net cash flow of…
A: The net present value (NPV) of an investment or a proposal is calculated to take decisions on…
Q: Explain the purposes of showing more or less profits by the fraudulent director.
A: Fraudulent directors may show more or less profits for a variety of purposes. One purpose is to…
Q: state the importance of transparency and validity in relation to financial plan/budget.
A: Answer:- Financial budget:- Predicting the company's income and expenses over the long and short…
Q: 11. Klip Klop, a shoe manufacturer, uses two shifts in its manufacturing facility. The company pays…
A: Calculation of hours of overtime worked in September: Company paid wages for total of 16000 hours…
Q: With the help of accounting ratios, Critically analyse the Solvency performance of the Apple…
A: Solvency can be measured using debt equity ratio. Debt equity ratio can be found out using the…
Q: Armand Company has the following projected costs for manufacturing and seling and administrative…
A: Introduction: Schedule of cash payment is a part of cash budget. Cash budget is prepared by the…
Q: Dan Daytona has created a revocable contingent trust to handle his financial affairs when and if he…
A: THE CORRECT OPTION IS D) I, II, and IV only i)Dan has given his brother a general power of…
Q: Current Attempt in Progress Shark Tank Ltd. has introduced a new technological product into the…
A: I have used the Present Value method for geometric gradient because it is simple and then multiplied…
Q: Sifton Electronics Corporation manufactures and assembles electronic motor drives for video cameras.…
A: Estimated conversion cost = $3,678,300 Estimated unit production = 18,300
Q: On January 1, New Jersey Company borrowed $260,000 to purchase machinery and agreed to pay 7%…
A: Time value of money :— According to this concept, value of money in present day is greater than the…
Q: n Organizational Development (OD), each area of OD has its own budget to maintain. Please create a…
A: The question has asked to prepare the remaining budget analysis. Budget: The budget refers to the…
Q: The Maryville Construction Company occupies 90,200 square feet for construction of mobile homes.…
A: Overhead means the cost incurred indirect in factory for the production of goods. Overhead cost will…
Q: puters makes bulk purchases of small computers, stocks them in conveniently located warehouses,…
A: Financial Statement - Financial statements are written summaries of a company's financial position…
Q: A company issues 10,000 shares of its P5 par value ordinary share in exchange for an office…
A: "Since you have asked multiple questions, we will solve first question for you. If you want any…
Q: QUESTION 17 Which of this can suggest a heightened of risk of fraud in the acquisition and payment…
A: Risk of fraud means the opportunity for misstatements or misappropriation of assets and operations…
Q: P19.4B (LO 1,2,4) (Permanent and Temporary Differences, One Rate) The accounting records of Pinecone…
A: Financial income is the return on short-term investments and marketable securities made using a…
Q: Harison Company uses a normal cost system of accumulating product cost and had the following data…
A: Total Manufacturing Cost :— It is the total cost incurred in the manufacturing of product during the…
Q: Partial balance Sheets as of December 11 debit accounts 2022 2021 Cash $42,000 33,750 Accounts…
A: The cash flow statement is prepared to record the cash flow from various activities during the…
Q: Can you please solve the rest of the subparts for this question
A: Variance is the difference between the actual and budgeted costs. It is considered as favorable when…
Q: The Stake Division of the Outdoor Lumination Company produces stakes which can be sold to outside…
A: The fixed costs are not incurred for special orders. The variable cost is to be incurred for the…
Q: Celine Co. generates sales of P 500,000. Variable cost is 25% and fixed cost isP 75,000. Compute:…
A: Introduction:- The following formula used to calculate as follows:- Degree of Operating Leverage =…
Q: PLEASE PROVIDE THE NEEDED ANSWER AND SOLUTION ASAP PLEASE THANKYOU A company purchased an air…
A: The depreciation expense is charged on fixed assets as reduced value of the fixed asset with usage…
Q: a business buying its raw materials in its domestic market and selling its finished goods to…
A: It is easier to control cash out (Accounts Payable) than cash in (Accounts Receivable). This is…
Q: order to meet the purchasing objective, purchasing agents should avoid temptations such as gifts and…
A: the purchasing objective is considered to be an important part because it is objective according to…
Q: To meet projected annual sales, Bluegill Manufacturers, Inc. needs to produce 75,000 machines for…
A: The money a business makes from the selling of its products or the delivery of its services is known…
Q: located in shopping malls across the country. In the past, the company has done very little in the…
A: Balance sheet refers to the financial document that reflects the compiled values of all the assets…
Q: Pesto Corporation acquired 80 percent of Sauce Corporation's common stock on January 1, 20X7, for…
A: A consolidated balance sheet is a document that, without dividing the companies, compiles all of the…
Q: During a period of steadily rising prices, which of the methods of measuring the cost of goods is…
A: The inventory can be valued using various methods as LIFO, FIFO and weighted average method. The…
Q: A chair manufacturer has established the following flexible budget for the month.…
A: The total cost comprises fixed and variable costs incurred. The variable cost per unit is calculated…
Q: Allen Inc. has sales of P 400,000 with variable costs of P 300,000, fixed costs of P 120,000, and an…
A: Contribution Margin :— It is the difference between sales revenue and variable cost. Contribution…
#1 Suppose a company can make a unit of product for $7 in variable labor and materials and sell it for $10.
A. Determine the contribution and contribution margin.
B. What is the breakeven sales level in units and dollars for the company if the firm has fixed costs of $1,800 per month?
Step by step
Solved in 2 steps
- If a company has fixed costs of $6.000 per month and their product that sells for $200 has a contribution margin ratio of 30%, how many units must they sell in order to break even? A. 100 B. 180 C. 200 D. 2,000Suppose that a company has fixed costs of $23 per unit and variable costs $9 per unit when 20,000 units are produced. What are the fixed costs per unit when 16,000 units are produced? Round your answer to the nearest cent. Fixed costs per unit $fill in the blank 1a.Explain why contribution margin per unit becomes profit per unit above the break-even point b. If the contribution margin per unit is $7 and the break-even point is 10,000 units, how much profit will a firm make if 15,000 units are sold? c.What is the variable cost ratio? The contribution margin ratio? How are the two ratios related?
- 16.) Given the following information [daily basis] on a manufacturing company, calculate (a) contribution margin on a per unit basis, (b) contribution margin on a total dollar basis, and (c) fixed costs. Average selling price for manufacturer’s product = $5.00 Daily Break-even level [units] = 10,000 Variable cost per unit = $0.50 17.) Assume that the variable cost per unit in problem #16 = standard cost per unit and that daily break-even level of units = amount actually purchased. If the actual cost per unit at the time of purchase increases 10%, what is the variance for total variable cost? Is financial impact positive or negative?Suppose the marginal cost and marginal revenue (in ¢000) for a product produced by a company is estimated to be MC=q+35 MR=560+22q-q^2 Where q is the quantity produced and the firm’s break-even is 5 units per week You are Required to I. determine the total cost and the total revenue function in terms of q. II. estimate the output at which profit is maximize III. calculate the maximum profit12.) If 12,500 units are sold, what is the total manufacturing overhead costs to support this production level? What is the manufacturing overhead cost per unit? 13.) If the selling price is P2,200 per unit, what is the contribution margin per unit sold?
- Fixed cost = 10,000 Material cost per unit = 0.15 Labor cost per unit = 0.10 Revenue per unit = 0.65 Suppose ABC company sells all that it produces, profit is calculated by subtracting the fixed cost and total variable cost from total revenue.Give a mathematical model for calculating profit and implement your model from part in Excel. If ABC company makes 12,000 units of the new product, what is the resulting profit? Excel format required8. A company has return on sales of 20%, income of $50,000, selling price of $10, and a contribution margin of 40%.A. What are fixed costs?B. What are variable costs per units?C. What are sales in units?D. What are sales in dollars? *Suppose that a company has fixed costs of $22 per unit and variable costs $9 per unit when 18,000 units are produced. What are the fixed costs per unit when 14,400 units are produced? Round your answer to the nearest cent. Fixed costs per unit _____
- Q2. Suppose that Nafitol Company has a fixed cost of ETB 35,000 and VC of ETB 1.75 per unit for its products. Let us further consider that selling price is birr 2.7 per unit. Required: A. Write the revenue and the cost equation of the company B. At what level of production output is the company Break-even? C. What is the amount of the revenue when the company produces 300,000 units? D. If the company plans to earn a profit of 7000, what amount of quantity has to be produced?A company’s product sells for $150 and has variable costs of $60 associated with the product. What is its contribution margin per unit?A. $40B. $60C. $90D. $150A company has return on sales of 20%, income of $50,000, selling price of $10, and a contribution margin of 40% . A. What are fixed costs? Why? How? B. What are variable costs per units? Why? How? C. What are sales in units? D. What are sales in dollars? Why? How?