A & B?? answer this problem During its first year. Concord, Inc., showed a $33 per unit profitunder absorption costing but would have reported a totalprofit of $19,300 less under variable costing. If productionexceeded sales by 825 units and an average contributionmargin of 77% was maintained, what is apparent:a. Fixed cost per unit?b. Sales price per unit?

Explanation of Absorption Costing:Absorption costing is an accounting method where all manufacturing…

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

Principles of Accounting Volume 1

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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?
During its first year, Maple Ltd. reported a $25 per-unit profit under absorption costing but would have reported $12,000 less profit under variable costing. Suppose production exceeded sales by 400 units, and an average contribution margin of 60% 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 $250,000?
Provide correct answer general Accounting question
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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…
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Hudson Company reports the following contribution margin income statement. HUDSON COMPANY Contribution Margin Income Statement For Year Ended December 31 Sales (9,600 units at $225 each) Variable costs (9,600 units at $180 each) Contribution margin Fixed costs Income 1. Assume Hudson has a target income of $162,000. What amount of sales dollars is needed to produce this target income? 2. If Hudson achieves its target income, what is its margin of safety (in percent)? Note: Round your answer to 1 decimal place. . Dollar sales for target income 2. Margin of safety $ 2,160,000 1,728,000 432,000 324,000 $ 108,000 %
Compute the contribution margin.

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