A company produces pop cans. They sell each can for $1.99 and thevariable cost to produce a can is $0.49. The fixed costs for the business are$3000. The maximum amount of cans the company can produce in aperiod is 5000.The break-even chart for this company is shown below. Please identify allof the components on the break-even chart by dragging and dropping thetext boxes to the appropriate areas.12000Sales of Pop Cans - Break-Even AnalysisDollars10000800060002000, 39804000200000100020003000Units400050006000Total RevenueTotal CostFixed CostBreak-Even Point

MARGINAL COSTING INCOME STATEMENTMarginal Costing Income Statement is One of the Important Cost…

Answered: A company produces pop cans. They sell…

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

See similar textbooks

Similar questions

Tighaw Bottling Company produces a variety of bottled drinks. The company has classfied its products into these three basic categories: Variable Cost per Selling Price per Bottle Brand Name Bottle Mango Php 1.50 Php 1.40 Guyabano Php 1.20 Php 1.00 Grape Php 1.00 Php 0.40 The fixed cost of the company is Php 37,240 annually and does not change with any change in product mix or with total volume changes of less than 50%. During 19A, sales of Mango accounted for 50% of the company's total sales in bottles. Sales of Guyabano were four times that of Grape. Total sales revenue for the year was Php 500,000. Find the breakeven sales in pesos and units of each product group for 19A based on actually experienced sales mix.
Jackson, Ltd. produces a bicycle pump. The sales price per unit is $18.98. Fixed costs are $84 000. The variable cost per unit is $11.98. Find the profit on sales of 15000 units.
Tonya's Shades produces and sells two products, Palm Trees and Bamboo Blinds. The following data is provided: Palm Trees Bamboo Blinds Total Sales 30,000 $ 77,000 $ 107,000 Variable Production Cost 7,500 22,400 29,900 Variable Selling & Admin Expense 11,250 16,800 28,050 Contribution Margin 49,050 Fixed Expenses 18,500 Operating Income $4 30,550 )Calculate the break-even sales in DOLLARS for the company What amount of the company break-even sales should be allocated to h product?
2. vandolf, inc. produces and sells two products: a ceiling fan and a table fan. vandolf plans to sell 30,000 ceiling fans and 70,000 table fan in the coming year. product price and cost information includes: ceiling fan table fan price p 60 p 15 unit variable cost 12 7 direct fixed cost p 23,600 p 45,000 common fixed selling and administrative expenses total p 85,000. required: a. what is the sales mix estimated for next year (calculated to the lowest whole number for each product)? b. using the sales mix from the first requirement, form a package of ceiling fans and table fans. how many ceiling fans and table fans are sold at break-even? c. prepare a contribution-margin based income statement for vandolf,inc., based on the unit sales calculated in requirement in b. d. what if vandolf, inc., wanted to earn operating income equal to p 14,400? calculate the number of ceiling fans and table fans that must be sold to earn this level of operating income. ( hint: remember to form a package…
3. A furniture company manufactures desks and chairs. Each desk requires 29 hours to manufacture and contributes $400 to profit, and each chair requires 19 hours to manufacture and contributes $250 to profit. Due to marketing restrictions, a total of 2000 hours are available. a. Use Solver to maximize the company’s profit. b. What is the maximum profit? c. How many desks and chairs should the company manufacture? d. Of the 2000 available hours, how many hours will be used?
Please help me
XYZ is a retailer and sells 171,000 units per year. It purchases from a single supplier. Fixed cost per order is $900 and carrying cost is $5 per unit. Suppose XYZ orders 9,000 units per order from the supplier. What are the total costs (sum of carrying costs and shortage costs)? Round off your answer to two decimal points. Do not enter $ in the answer box.
The Westfall Company has a contract to produce 10,000 garden hoses for a large discount chain. Westfall has four different machines that can produce this kind of hose. Because these machines are from different manufacturers and use different technologies, their specifications are not the same. Machine 1 2 3 4 Fixed Cost to Set Up $750 $500 $1000 $300 Variable Cost Per Hose $1.25 $1.50 $1.00 $2.00 Capacity (units) 6000 7500 4000 5000 If machine 2 is used, machine 3 must be used also. However, if machine 3 is used, machine 2 need NOT be used. The company wants to minimize the total cost of fulfill the contract. Please formulate a mixed integer linear programming problem to decide which machine(s) to use and how many garden hoses to produce on each machine if the machine is used. The correct set of decision variables is:
Please help me. Thankyou.
Can you help me with CVP Drill #14?
Smith Company can produce two types of carpet cleaners, Brighter and Cleaner. Data on these two products are as follows: Sales volume in units Brighter 400 Cleaner 600 Unit sales price Unit variable cost $ 1,000 200 $ 1,000 700 The number of machine hours to produce one unit of Brighter is 1, while the number of machine hours for each unit of Cleaner is 2. Total fixed costs for the manufacture of both products are $290,000. Required: 1. Determine the breakeven point in total units for Smith Company, based on the assumption that the sales mix (on the basis of relative sales volume in units) remains constant. Use the weighted-average contribution margin approach. 2. At this breakeven level, how many units of each product must be sold? Due to rounding, the total breakeven units for Requirement 2 may differ slightly than in Requirement 1. 3. Using the Indirect approach, what is the overall breakeven point in sales dollars? Use the breakeven units computed in Requirement 1. Complete this…
please provide explanations to answers.

SEE MORE QUESTIONS

Recommended textbooks for you

FINANCIAL ACCOUNTING

Accounting

ISBN:

9781259964947

Author:

Libby

Publisher:

MCG

Accounting

ISBN:

9781337272094

Author:

WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.

Publisher:

Cengage Learning,

Accounting Information Systems

Accounting

ISBN:

9781337619202

Author:

Hall, James A.

Publisher:

Cengage Learning,

FINANCIAL ACCOUNTING

Accounting

ISBN:

9781259964947

Author:

Libby

Publisher:

MCG

Accounting

ISBN:

9781337272094

Author:

WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.

Publisher:

Cengage Learning,

Accounting Information Systems

Accounting

ISBN:

9781337619202

Author:

Hall, James A.

Publisher:

Cengage Learning,

Horngren's Cost Accounting: A Managerial Emphasis…

Accounting

ISBN:

9780134475585

Author:

Srikant M. Datar, Madhav V. Rajan

Publisher:

PEARSON

Intermediate Accounting

Accounting

ISBN:

9781259722660

Author:

J. David Spiceland, Mark W. Nelson, Wayne M Thomas

Publisher:

McGraw-Hill Education

Financial and Managerial Accounting

Accounting

ISBN:

9781259726705

Author:

John J Wild, Ken W. Shaw, Barbara Chiappetta Fundamental Accounting Principles

Publisher:

McGraw-Hill Education

SEE MORE TEXTBOOKS