CALCULA Exercise 193 Cunningham Industries reported actual sales of $2,000,000, and fixed costs of $540,000. The contribution margin ratio is 30%. Compute the margin of safety in dollars and the margin of safety ratio. Margin of safety in dollars 24 % Margin of safety ratio Click if you would like to Show Work for this question: Open Show Work

CALCULA Exercise 193 Cunningham Industries reported actual sales of $2,000,000, and fixed costs of $540,000. The contribution margin ratio is 30%. Compute the margin of safety in dollars and the margin of safety ratio. Margin of safety in dollars 24 % Margin of safety ratio Click if you would like to Show Work for this question: Open Show Work

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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Prime cost and conversion cost share what common element of total cost? Select one: a. Direct labor. b. Fixed overhead. c. Variable overhead. d. Direct materials. Zapora Bhd manufactured smart watches. In November 2021, Zapora produced 2,200 watches with the following costs: Direct Materials RM32,000 Direct Labour RM13,000 Manufacturing Overheads RM27,000 Additional information: There is no opening or closing stock of work-in-progress (WIP) during the month of November. Calculate Cost per Unit for the watches produced in November 2021. Select one: a. RM32.73 b. RM18.18 c. RM14.55 d. RM20.45 Question 23 Question text Joba Company uses differential piece rate to motivate its employees. 75% of piece rate below standard and 110% of piece rate at above standard. Worker A produces 150 units per day and worker B produces 180 units per day. Normal rate per hour is $2.20 and standard time per unit is 3 minutes. Assuming standard working hour is 8…
+ Problem 1: Total and Per Unit Costing Hatter Buggies operates a dune buggy rental service. Consider the costs below of operating the company over a relevant range of 10,000 hours to 20,000 hours of operating time for its buggies. Required: Re-create this chart in Excel, and fill in the empty numerical cells. 10,000 15,000 20,000 Total Variable Cost $75,000 Total Fixed Costs 312,000 Total Cost $387,000 Variable Cost per Hour Fixed Cost per Hour Total Cost per Hour
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Please assist in solving (not graded) Practive exercise Please provide details with formulas Business Decision Case. The following total cost data are for the Ralston manufacturing company which has a normal capacity per period of 400,000 units of product that sell for $18 each. For the foreseeable future, regular sales volume should continue at normal capacity of production. Direct Materials $1,720,00Direct Labor $ 1,120,000Variable Overhead 560,000Fixed Overheard (N1) 880,000Selling Expense (N2) 720,000Adminstrative Exp. Fixed 200,000------------------------------------ $5,200,000 ------------------------------------------------------------------ Notes1. Beyond nomral capacity, fixed overhead cost increase $30,,000 for each 20,000 units or fraction thereof until a maximum of 640,000 units is reached 2. Selling expense are at 10% sale commission. Ralston pays only one half o the regualr sales commission rates on any sale of 20,000 or more units.…
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PART D
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