Blossom Company sells product 2005WSC for $90 per unit. The cost of one unit of 2005WSC is $87, and the replacement cost is $86. The estimated cost to dispose of a unit is $6, and the normal profit is 40% of selling price. At what amount per unit should product 2005WSC be reported, applying lower-of-cost-or-market? $86. $87. $48. $84.

Q: When Greenway, Incorporated sells 48,000 units, its total fixed cost is $115,200. What is its total…

A: The objective of the question is to determine the total fixed cost when Greenway, Incorporated sells…

Q: 5. Assume Wyteboard Corp. markers uses 1,440,000 gallons of ink each year. Assume Palmer will order…

A: Carrying cost is the net amount of cost that a company bears for holding the products in the…

Q: Radison Enterprises sells a product for $57 per unit. The variable cost is $26 per unit, while fixed…

A: Break-even analysis is a technique widely used by the production department. It helps to determine…

Q: Atlantic Company sells a product with a break-even point of 5,385 sales units. The variable cost is…

A: Break-even point = Fixed costs / Contribution margin per unit   Contribution margin per unit = Fixed…

Q: Awanita Enterprises sels computer flash drives for $1.88 per unit. Unit variabie cost is 50.07. The…

A: Formula: Margin of safety in Dollars = Expected sales value - Break even sales

Q: xed expenses total $36,455, the break-even sales in dollars is $94,734, and the selling price per…

A: Lets understand the basics.Break even point is a point is a point at which no profit no loss…

Q: Company XYZ is a car navigation system manufacturer . The company sells each unit for $600. The…

A: solution:- Calculation of the number of units needed to achieve an operating profit of $8,000 as…

Q: Homeward Hardware buys cat iter for $6 less 20% per bag The store's overhead is 45% of cost and the…

A: Note: As per the policy we are supposed to solve three sub-parts at a time. Kindly repost the…

Q: Atlantic Company sells a product with a break-even point of 5,583 sales units. The variable cost is…

A: Variable costs are costs that varies with the change in the level of output whereas fixed costs are…

Q: Tao Company has fixed costs of $886,220 Its single product sells for $490 per unit, and variable…

A: Variable costs are costs that varies with the change in the level of output whereas fixed costs are…

Q: Problem 2. Billy Company determines its sales price and costs structure as follows: Unit sales price…

A: Since you have posted a question with multiple sub-parts, we will solve first three sub-parts for…

Q: Friar Corp. sells two products. Product A sells for $60 per unit, and has unit variable costs of…

A: 1.Contribution per unit = Selling price per unit - Variable cost per unit.2.Profit = Total…

Q: O'Shaughnessy Inc. sells a product for $90 per unit. The variable cost is $65 per unit, while fixed…

A:

Q: Globus Autos sells a single product. 8,300 units were sold resulting in $81,000.00 of sales revenue,…

A: Margin of safety is the difference between total sales revenue and break-even sales revenue. The…

Q: Lablanc Inc. sells a product for $116 per unit. The variable cost is $60 per unit, while fixed costs…

A: The question is based on the concept of Cost Accounting. Break even point is the point at which…

Q: XYZ Inc. sells a product for OMR 2.5 per unit. The variable cost is OMR 1.7 per unit, and fixed…

A: The break-even point is a point at which the total cost is equal to the total revenue. In other…

Q: Gladstorm Enterprises sells a product for $53 per unit. The variable cost is $36 per unit, while…

A: Lets understand the basics. Break even point is a point at which total cost is equal to total…

Q: Campbell Company has fixed costs of $200,000, sales price of $50, and variable cost of $30 per unit.…

A: To earn a target profit of $50,000, Campbell must earn a contribution margin of $250,000…

Q: WRT Disk company sells its disks for $107 per unit. Total fixed costs are $197,000 and variable…

A: Contribution margin represents the difference between sales revenue and variable costs, showing how…

Q: Company XYZ is a car navigation system manufacturer. The company sells each unit for $700. The…

A: Number of units to be sold for desired profit means number of units at which business is fully…

Q: Stryker Industries received an offer from an exporter for 15,000 units of product at $17.50 per…

A: In question number 1. Since this is relevant costing, the only relevant cost is variable cost. Fixed…

Q: JLNS Ltd sells three products P, Q and R. The following information is provided   P Q R…

A: Formula: Contribution margin = sales price - variable cost Deduction of variable cost from selling…

Q: Radison Inc. sells a product for $52 per unit. The variable cost is $26 per unit, while fixed costs…

A: Break-even point in sales units=  Fixed CostsSelling price per unit-variable cost per unit

Q: Shock Electronics sells portable heaters for $49 per unit, and the variable cost to produce them is…

A: The break-even point refers to the production level where the revenue from the sales just covers the…

Q: XYZ Company sells a product for $45 per unit. The cost of one unit is $36. The estimated cost to…

A: Lower of cost or net realization value:   It is a concept used to report the cost inventory and…

Q: Pigwidgeon Company charges a selling price of $30 per unit for its single product, incurs variable…

A: TARGET SALES Target Sales are the Estimated Sales Required to Achieve the Desired Profit. Target…

Q: Choose the correct letter of answer Sela Company, sells Product R for P5 per unit. The fixed costs…

A: Variable cost means the cost which vary with the level of output and fixed cost means the cost which…

Q: (Unless otherwise stated, consider each requirement separately.)     e. What questions would have to…

A: Operating income refers to the sum value of money gained by an entity through its daily business…

Q: 53. Flyer Company sells a product in a competitive marketplace. Market analysis indicates that its…

A: DESIRED PROFIT PER UNIT :  = SELLING PRICE PER UNIT X PROFIT MARGIN %   SELLING PRICE PER UNIT :  =…

Q: Hilton Enterprises sells a product for $57 per unit. The variable cost is $29 per unit, while fixed…

A: Break-even analysis is a technique widely used by the production department. It helps to determine…

Q: When Greenway, Inc. sells 48,300 units, Its total fixed cost is $159,390. What is its total fixed…

A: Note: Total fixed costs do not vary with the sales units. Total fixed costs remain the same…

Q: Trevino Company makes and sells products with variable costs of $24 each. Trevino incurs annual…

A: Variable costs are those costs which changes along with change in activity level. Fixed costs are…

Q: Product T is produced for $5.90 per pound. Product T can be sold without additional processing for…

A: Cost per pound in alternative 2 = Production cost + further processing cost                    =…

Q: Phan Company has not reported a profit in five years. This year the company would like to narrow its…

A: Required sales indicate the total sales value to achieve the target profit or narrow loss.

Q: Soft Co. makes and sells two types of products, X and Y. Data concerning these products are as…

A: Contribution margin is the part of sale that is available to cover the fixed cost incurred during…

Q: Company XYZ is a car navigation system manufacturer. The company sells each unit for $400. The…

A: Working Note:

Q: Finn Enterprises manufactures celling fans that normally sell for $90 each. There are 300 defective…

A: Normal selling price = $90 Net income/(Net loss) if defectives are sold as is = Revenue from sale of…

Q: Company A calculates the cost per unit of its product at $ 28 (with $ 18 variable cost & $ 10 fixed…

A: Increase (decrease) in net profit = (Selling price per unit - relevant cost per unit) x No. of units…