pricing as described in the text. ABC Company uses the absorption costing approach to cost-plus Fixed selling, general, and administrative costs ABC Company uses the absorption costing approach to cost-plus pricing as described in the text. 4) Assume that the company uses a markup of 80% in order to determine şelling prices. The selling price for Product Q using the absorption costing approach would be: a. P32.40 b. P45.00 P9 P180,000 C. P37.00 d. P66.60 5)Assume that the company has not yet determined a markup. Product Q requires an investment of P400,000. The company desires a 30% rate of return on investment. The markup for Product Q under the absorption costing approach to cost-plus pricing would be: a. 100.0% b. 76.0% C. 72.0% d. 80.0% nctina ABC Company makes a number'ðf products, including Product 0 The company produces and sells 20,000 units of Product O each year. The costs of Product Q at that activity level are: Per Unit Total Variable production costs Fixed production costs Variable selling, general, and administrative P15 P10 P200,000 costs P3

pricing as described in the text. ABC Company uses the absorption costing approach to cost-plus Fixed selling, general, and administrative costs ABC Company uses the absorption costing approach to cost-plus pricing as described in the text. 4) Assume that the company uses a markup of 80% in order to determine şelling prices. The selling price for Product Q using the absorption costing approach would be: a. P32.40 b. P45.00 P9 P180,000 C. P37.00 d. P66.60 5)Assume that the company has not yet determined a markup. Product Q requires an investment of P400,000. The company desires a 30% rate of return on investment. The markup for Product Q under the absorption costing approach to cost-plus pricing would be: a. 100.0% b. 76.0% C. 72.0% d. 80.0% nctina ABC Company makes a number'ðf products, including Product 0 The company produces and sells 20,000 units of Product O each year. The costs of Product Q at that activity level are: Per Unit Total Variable production costs Fixed production costs Variable selling, general, and administrative P15 P10 P200,000 costs P3

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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In the cost-volume- profit graph (above), what is represented by the point marked "A"? Question 1 options: Breakeven point Fixed expenses Operating income area Operating loss area
Chapter 3- CVP Cost-volume-profit (CVP) analysis requires an understanding of cost behavior: variable and fixed costs. Cost behavior differs from the GAAP-based financial reporting focus: product and period costs. The two ways to categorize costs results in TWo different income statements: Absorption costing income statement: S-C-GM-SA-NI (Key assumption: Split costs into product and period costs) Variable costing income statement: S-VE-CM-FE-NI (Key assumption: Split costs into variable and fixed) 1. 2. Absorption Costing Income Statement Variable Costing Income Statement Sales $500,000 Sales $500,000 Less: Variable expenses Less: Cost of goods sold: Variable (DM+DL+VOH) Fixed (FOH) Gross margin 100,000 Product costs 100,000 60,000 S&A costs 110,000 340,000 Contribution margin 290,000 Less: Fixed expenses Less: Selling & administrative Variable 110,000 Product costs 60,000 Fixed 140,000 S&A costs 140,000 Taxable income $90,000 Taxable income $90,000 LINK THE LINEAR COST FUNCTION TO…
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A company manufactures a single product, product Y. It hasdocumented levels of demand at certain selling prices for thisproduct as follows: Demand Selling price per unit Cost per unit Units £ £ 1100 48 24 1200 46 21 1300 45 20 1400 42 19 Required:Using a tabular approach, calculate the marginal revenues andmarginal costs for product Y at the different levels of demand, andso determine the selling price at which the company profits aremaximized.
REQUIRED: How much is the company's overall income?
If a company chooses a price to charge for its product by adding up all the expenses necessary to make the product and then adding in a profit, this is known as: a) Target Costing Ob) Skimming Pricing Oc) Cost-Based Pricing Od) Odd-Even Pricing Oe) Penetration Pricing
Calculate the break-even units for each product, showing the intermediate calculations for the allocated fixed costs and selling price (dealer invoice).
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Fill in the missing amounts in each of the eight case situations below. Each case Is Independent of the others. (Hint: One way to find the missing amounts would be to prepare a contribution format Income statement for each case, enter the known data, and then compute the missing items.) Required: a. Assume that only one product is being sold in each of the following four case situations: Unit sold Sales Variable expenses Fixed expenses Operating income (loss) Contribution margin per unit Sales Variable expenses Fixed expenses $ Operating income (loss) Average contribution margin (percentage) Case #1 20,400 244,800 163,200 68,000 $ $ 136,000 $ 10 Case #2 $ Case #1 536,000 43,520 10.880 $ 8,800 20% 10 $ 69 Case #3 Case #2 13,600 b. Assume that more than one product is being sold in each of the following four case situations: (Enter "Contribution margin ratio" in percent. Round your final answers to the nearest whole dollar amount.) 436.000 283.400 109.000 95,200 16,320 13 $ S CA Case #4…