Brahma Industries sells vinyl replacement windows to home improvement retailers nationwide. The national sales manager believes that if they invest an additional $24,000 in advertising, they would increase sales volume by 10,000 units. Sales (6,300 units at $113) $711,900 Variable Costs (6,300 units at $71) 447,300 Contribution Margin $264,600 Fixed Cost 19,600 Net Income (Loss) $245,000 Prepare a forecasted contribution margin income statement for Brahma if they incur the additional advertising costs, using the above information. Forecasted contribution Margin Income Statement Sales 1,841,900 Variable Costs 1,157,300 Contribution Margin 684,600 Fixed Cost 43,600 Net Income (Loss) 641,000
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Total forecasted fixed costs = current fixed costs + additional advertising costs
= $19,600 + 24,000
= $43,600
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- Problem 2: JIN Corporation started a promotional program. A towel is offered as a premium to customers who send in 10 box tops of facial soap returned and a remittance of P25. Distribution cost is P10 per towel. The entity estimated that only 60% of the box tops reaching the market will be redeemed. The entity provided the following information: 2020 2021 Facial soap sales, P50 per unit 2,875,000 360,000 2,500,000 Towel purchases, P90 per unit Number of box tops returned 337,500 22,500 38,550 Requirements: 4. Compute for the premiums (as an asset) amount for the year ended: A. December 31, 2020 B. December 31, 2021ANSWER ALREADY GIVEN. JUST PROVIDE SOLUTION Shoppe Marketing launched a new sales promotional program, or every seals of proof of purchase of their product, customers receive a double-layer reversible umbrella costing P200 each. This umbrella may separately be sold for P300 each. The company estimates that 75% of the seals of proof of purchase reaching the consumer market will be redeemed.Product sales with seals of proof of purchase - 20,000 units for a total of P12,000,000 Premiums distributed to customers - 500 umbrellasHow much of the total transaction price is allocated to the premium? Answer: 220,859 What is the amount of additional sales recognized by Shoppe upon redemption of premiums? Answer: 147,239ngageNOWv2| Online teachin x takeAssignment/takeAssignmentMain.do?invoker%-&takeAssignmentSessionLocator%=&inprogress%3false く☆ eBook 2. What if FlashKick added a third line-tournament quality soccer balls that were expected to take 40 percent of the units sold of the match balls and would have a selling price of $42 each in January and February, and $45 each in March? Prepare a sales budget for FlashKick for the first three months of the coming year. Show total sales for each product line by month and in total for the first quarter. If required, round your answers to the nearest cent. FlashKick Company Sales Budget For the First Quarter January February March Quarter Practice ball: Units 50,000 V 58,000 V 80,000 V 188,000 V Unit price 8.25 V $ 8.25 V 8.25 V $ 8.25 Sales 412,500 V$ 478,500 V 660,000 V 1,551,000 V Match ball: Units 4,200 4,500 V 7,800 V 16,500 15 V 15 V $ 15 V 15 V Unit price 67,500 V $ 117,000 V 247,500 V Sales $ 63,000 V Tournament ball: 5,200 V 11,000 V 2,800 3,000…
- My Home ngagervowv2| Online teachin x enow.com/ilrn/takeAssignment/takeAssignmentMan.uo?invoker=&takeAssignmentSessionLocator=&inprogress=false (29) Quavo - WORKIN ME ( X + eBook 回 一 Marlin Motors sells a single product with a selling price of $350 with variable costs per unit of $140. The company's monthly fixed expenses are $42,000. A. What is the company's break-even point in units? Break-even units units B. What is the company's break-even point in dollars? Break-even dollars $ C. Prepare a contribution margin income statement for the month of November when they will sell 110 units. Use a minus sign for a net loss if present. Income Statement D. How many units will Marlin need to sell in order to realize a target profit of $37,800? units New break-even units E. What dollar sales will Marlin need to generate in order to realize a target profit of $37,800? (Previous New break-even dollars $$ ArrignmentProblem 2: JIN Corporation started a promotional program. A towel is offered as a premium to customers who send in 10 box tops of facial soap returned and a remittance of P25. Distribution cost is P10 per towel. The entity estimated that only 60% of the box tops reaching the market will be redeemed. The entity provided the following information: 2020 2021 Facial soap sales, P50 per unit Towel purchases, P90 per unit Number of box tops returned 2,500,000 2,875,000 337,500 360,000 38,550 22,500 Requirements: 4. Compute for the premiums (as an asset) amount for the year ended: A. December 31, 2020 B. December 31, 2021 2 AE211: Intermediate Acctg. 2 Prepared by: Bernadette Adelaida M. Cope 5. Compute for the premiums expense for the year ended: A. December 31, 2020 B. December 31, 2021 6. Compute for the premium liability for the year ended: A. December 31, 2020 B. December 31, 2021 7. How much net cash did the entity receive (give) with regards to the premium transactions for the year…Problem 2: JIN Corporation started a promotional program. A towel is offered as a premium to customers who send in 10 box tops of facial soap returned and a remittance of P25. Distribution cost is P10 per towel. The entity estimated that only 60% of the box tops reaching the market will be redeemed. The entity provided the following information: 2020 2021 Facial soap sales, P50 per unit Towel purchases, P90 per unit Number of box tops returned 2,500,000 2,875,000 337,500 360,000 22,500 38,550 Requirements: How much net cash did the entity receive (give) with regards to the premium transactions for the year given below? (if net cash outflow, put a negative (-) sign before the numerical figure. A. December 31, 2020 B. December 31, 2021 7.
- Problem 2: JIN Corporation started a promotional program. A towel is offered as a premium to customers who send in 10 box tops of facial soap returned and a remittance of P25. Distribution cost is P10 per towel. The entity estimated that only 60% of the box tops reaching the market will be redeemed. The entity provided the following information: 2020 2021 Facial soap sales, P50 per unit Towel purchases, P90 per unit Number of box tops returned 2,500,000 2,875,000 337,500 360,000 22,500 38,550 Requirements: 5. Compute for the premiums expense for the year ended: A. December 31, 2020 B. December 31, 2021me | MyUSF X CengageNOWv2 |Online teachin X .cengagenow.com/ilrn/takeAssignment/takeAssignmentMain.do?invoker%3&takeAssignmentSessionLocator3&inpro... to 向 Differential Analysis for Further Processing The management of International Aluminum Co, is considering whether to process aluminum ingot further into rolled aluminum. Rolled aluminum can be sold for $2,100 per ton, and ingot can be sold without further processing for $1,050 per ton. Ingot is produced in batches of 89 tons by smelting 550 tons of bauxite, which costs $110 per ton of bauxite. Rolled aluminum will require additional processing costs of $610 per ton of ingot, and 1.25 tons of ingot will produce 1 ton of rolled aluminum. Required: 1. Prepare a differential analysis as of February 5 to determine whether to sell aluminum ingot (Alternative 1) or process further into rolled aluminum (Alternative 2). If required, do not round interim calculations. If required, use a minus sign to indicate a loss. Differential Analysis Sell…Required Information [The following information applies to the questions displayed below.] UR Safe Systems Installs home security systems. Two of its systems, the ICU 100 and the ICU 900, have these characteristics: Design Specifications Video cameras Video monitors Motion detectors Floodlights Alarms Wiring Installation 1,050 feet 21 hour The ICU 100 sells for $860 Installed, and the ICU 900 sells for $1,570 Installed. 1. Current profit margin 2. ICU 100 2 2 3 1 5 650 feet 11 hour Required: 1. What are the current gross profit margin percentages on both systems? 2. UR Safe's management believes that it must drop the price on the ICU 100 to $800 and on the ICU 900 to $1,440 to remain competitive in the market. Recalculate gross profit margin percentages for both products at these price levels and then compute the target cost needed for each product to maintain the current gross profit margin percentages. Profit margin Target cost (For all requirements, round your percentage answers to…
- Her Imported from Chr... Imported from Inte... KIDS SCHOOOL CL... SmartAid Family Portal ~ Log... IDES R My account | Roku... a. Break-even point in sales units units b. Break-even point if the selling price were increased to $80 per unit 2019 Coaching S Break-even point Daimler Inc. sells a product for $75 per unit. The variable cost is $50 per unit, while fixed costs are $5,400,000. Determine (a) the break-even point in sales units and (b) the break-even point if the selling price were increased to $80 per unit. units 2019 RENTALS SCR...! Required information [The following information applies to the questions displayed below.] UR Safe Systems installs home security systems. Two of its systems, the ICU 100 and the ICU 900, have these characteristics: Design Specifications Video cameras Video monitors Motion detectors Floodlights Alarms Wiring Installation ICU 100 2 2 1. Current profit margin 2. Profit margin Target cost WEIN ICU 100 1 % % 3 3 710 feet 11 hour 1,150 feet 21 hour The ICU 100 sells for $980 installed, and the ICU 900 sells for $1,690 installed. Required: 1. What are the current gross profit margin percentages on both systems? 2. UR Safe's management believes that it must drop the price on the ICU 100 to $920 and on the ICU 900 to $1,560 to remain competitive in the market. Recalculate gross profit margin percentages for both products at these price levels and then compute the target cost needed for each product to maintain the current gross profit margin percentages. (For all requirements, round your…Home CengageNOWv2| Online teachin X akeAssignment/takeAssignmentMain.do?invoker=&takeAssignmentSessionLocator=&inprogress=false еВook | Show Me How Print Item Target Profit Beard Company sells a product for $15 per unit. The variable cost is 10 per unit, and fixed costs are 1,750,000. Determine (a) the break-even point in sales units and (b) the sales units required for the company to achieve a target profit of $400,000. a. Break-even point in sales units X units b. Break-even point in sales units required for the company to ach ve a target profit of $400 X units Feedback Check My Work a. Unit sales price minus unit variable costs equals unit contribution margin. Fixed costs divided by unit contribution margin = break-even point in units. b (Fixed costs Target profit) divided by unit contribution margin = sales units.