Don't give me incorrect solution During its first year. Concord, Inc., showed a $33 per unitprofit under absorption costing but would have reported atotal profit of $19,300 less under variable costing. Ifproduction exceeded sales by 825 units and an averagecontribution margin of 77% was maintained, what isapparent: a. Fixed cost per unit? b. Sales price per unit?

Concept of Absorption CostingAbsorption costing is a method of costing in which all manufacturing…

Answered: During its first year. Concord, Inc.,…

Principles of Accounting Volume 1

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ISBN:9781947172685

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Chapter10: Inventory

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Problem 1PB: When prices are falling (deflation), which costing method would produce the highest gross margin for...

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During its first year, Yutsang Enterprises showed a $22 per-unit profit under absorption costing but would have reported a total profit of $20,000 less under variable costing. Suppose production exceeded sales by 600 units and an average contribution margin of 58% was maintained. a. What is the fixed cost per unit? b. What is the sales price per unit? c. What is the variable cost per unit? d. What is the unit sales volume if total profit under absorption costing was $240,000?
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During its first year. Concord, Inc., showed a $33 per unit profit under absorption costing but would have reported a total profit of $19,300 less under variable costing. If production exceeded sales by 825 units and an average contribution margin of 77% was maintained, what is apparent: a. Fixed cost per unit? b. Sales price per unit?
What is the contribution margin per unit of this general accounting question?
The following income statement applies to Franklin Company for the current year: Income Statement Sales revenue (410 units × $31) Variable cost (410 units × $16) Contribution margin Fixed cost Net income Required a. Use the contribution margin approach to calculate the magnitude of operating leverage. b. Use the operating leverage measure computed in Requirement a to determine the amount of net income that Franklin Company will earn If It experiences a 10 percent increase in revenue. The sales price per unit is not affected. c-1. Verify your answer to Requirement b by constructing an income statement based on a 10 percent increase in sales revenue. The sales price is not affected. c-2. Calculate the percentage change in net income for the two income statements. Req A and B Complete this question by entering your answers in the tabs below. Req C1 a. Operating leverage b. Net income $ $12,710 (6,560) 6,150 (4,100) $2,050 > Answer is complete but not entirely correct. Req C2 a. Use the…
Multiple-Product Break-Even and Target Profit Vandenberg, Inc., produces and sells two products: a ceiling fan and a table fan. Vandenberg plans to sell 30,000 ceiling fans and 60,000 table fans in the coming year. Product price and cost information includes: Ceiling Fan Table Fan Price $50 $16 Unit variable cost $1 $4 Direct fixed cost $23,000 $42,000 Common fixed selling and administrative expenses total $78,000. Required: 1. What is the sales mix estimated for next year (calculated to the lowest whole number for each product)? Sales mix of ceiling fans to table fans =| 2. Using the sales mix from Requirement 1, form a package of ceiling fans and table fans. How many ceiling fans and table fans are sold at break-even? Round your intermediate calculations and final answers to the nearest whole number. Break-even ceiling fans Break-even table fans
Please do not reject as incomplete I will submit the other portion as another question.Please answer all parts with explanations. Thx
During the current year, the net sales of Ridgeway, Inc., were 10 percent below last year’s level. You should expect Ridge-way’s semivariable costs to: a. Decrease in total, but increase as a percentage of net sales.b. Increase in total and increase as a percentage of net sales.c. Decrease in total and decrease as a percentage of net sales.d. Increase in total, but decrease as a percentage of net sales.
Compute the contribution margin.
Tami Tyler opened Tami's Creations, Incorporated, a small manufacturing company, at the beginning of the year. Getting the company through its first quarter of operations placed a considerable strain on Ms. Tyler's personal finances. The following income statement for the first quarter was prepared by a friend who has just completed a course in managerial accounting at State University. Tami's Creations, Incorporated Income Statement For the Quarter Ended March 31 $ 1,128,000 Sales (28,200 units) Variable expenses: Variable cost of goods sold Variable selling and administrative Contribution margin Fixed expenses: $ 431,460 172,020 603,480 524,520 Fixed manufacturing overhead Fixed selling and administrative 249,600 536,520 $ (12,000) 286,920 Net operating loss Ms. Tyler is discouraged over the loss shown for the quarter, particularly because she had planned to use the statement as support for a bank loan. Another friend, a CPA, insists that the company should be using absorption…
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