58.ABADDON CORP. shows the following planned data for the year 2019:ESTIMATED SALES20,000 unitsESTIMATED COSTS:Direct materialsDirect laborVariable factory overheadFixed factory overheadFixed administrative expenseP50,00040,00020,00010,00030,000Selling expenses (all variable) are accounted for as 20% of sales. Thecompany's planned profit is P0.75 per unit. In order to attain the company'sgoal for 2019, the selling price per unit must be set at:P 7.50P10.32P 8.25C.d.a.b.P11.50

The variable expenses are the expenses that arw increased or decreased with changes in number of…

Answered: 58. ABADDON CORP. shows the following…

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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A U Ltd manufactures and sells a single product, the company's sales and expenses for themonth of January 2021 were as follows:Total (Kshs)Value per unit (Kshs)Sales1.200.0080.00Less: Variable expenses840.0056.00Contribution360.0024.00Less: Fixed expenses300.00Net income60.00Required:What is the monthly breakeven point in units and in shillings?What is the total contribution margin at breakeven point?How many units would be sold each month to carn a minimum target net income ofkshs. 36.000?(iv)Using the original data, compute a company's margin of safety in both shilling and in percentage termsWhat is the contribution margin ratio, if the monthly sales increase by Kshs 16,000?
For the coming year, Cleves Company anticipates a unit selling price of $92, a unit variable cost of $46, and fixed costs of $299,000. Required: 1. Compute the anticipated break-even sales (units). units
A company has a product named Health booster powder and it has a profit volume ratio of 28%. Fixed operating costs directly attributable to product during the 3rd quarter of the year 2019-20 is P2,80,000. Find: Sales revenue required to achieve a quarterly profit of P70,000.
60
A company that manufactures and sells a single product. Unit sales for each of the four quarters of 2020 are projected as follows: Quarter Units First 65600 Second 123000 Third 451000 Forth 98400 Total 738000 Teal incurs vairiable manufacturing costs of $0.40 per unit and variable non-manufacturing costs of $0.40 per unit. Teal will incur fixed manufacturing costs of $590,400 and fixed non-manufacturing costs of $885,600. Teal will sell its product for $4 per unit. A) Determine the Net Income using the Integral approach and the Discrete approach for each quarter on 2020 B) Using the information above, determine the Profit margins for each quarter of 2020 using both the Integral approach and the Discrete approach.
A manufacturing company provided the following information for May 2021: Sales 24,000 Variable costs 8,000 Fixed costs 5,000 Operating income £11,000 If sales doubled in June 2021, what was the projected operating income?
Toys Manufacturing incurs annual fixed costs of P250,000 in producing and selling “Tales.” Estimated unit sales for 2019 are 125,000. An after-tax income of P75,000 is desired by management. The company projects its income tax rate at 40 percent. What is the maximum amount that Toys can expend for variable costs per unit and still meet its profit objective if the sales price per unit is estimated at P6? P3.37 P3.59 P3.00 P3.70
54) For the current year ending April 30, MJW Company expects fixed costs of $70,000, a unit variable cost of $60, and a unit selling price of $95. (a) Compute the anticipated break-even sales (units). (b) Compute the sales (units) required to realize an operating profit of $8,000. (a) (b)
Baryans Corporation provided the following partial income statements and detailed information for the past two years: 2021 2020 Changes Sales P360,000 P192,000 P168,000 Cost of sales 158,400 96,000 62,400 Gross income 201,600 96,000 105,600 Unit selling price P150 P120 Unit cost P66 P60 Quantity sold 2,400 1,600 How much is thr sales pricr variance? 72,000 favorable 72,000 unfavorable 57,600 unfavorable 57,600 unfavorable Refer to the case of Baryans Corporation. How much is the sales volume variance? 96,000 fav. 96,000 unfav. 48,000 unfav. 48,000 fav. Refer to the case of Baryans Corporation. How much is the cost price variance? Refere to the case Baryans Corporation. How much is the cost volume variance?
7
Company produces and sells X and Y. In 2020, 10,000 units of X were sold at P10 per unit with contribution margin P4 per unit and 15,000 units of Y were sold at P12 per unit with contribution margin P5 per unit. Total fixed cost is P100,000. What is the break-even volume? 20,000 22,222 25,000 21,739
For the coming year, Cabinet Inc. anticipates fixed costs of $199,100, a unit variable cost of $70, and a unit selling price of $125. The maximum sales within the relevant range are $912,250. a. Determine the maximum possible operating loss. $ X

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