EXERCISE 6–4 Basic Segmented Income Statement LO6-4Roval Lawncare Company produces and sells two packaged products-Weedban and Greengrow.Revenue and cost information relating to the products follow:ProductWeedbanGreengrow$7.50Selling price per unitVariable expenses per unit$6.00$2.40$5.25$45,000$21,000Traceable fixed expenses per year Chapter 6thog omps b nitao oldsineVCommon fixed expenses in the company total $33,000 annually. Last year the company producedand sold 15,000 units of Weedban and 28,000 units of Greengrow.Required:Prepare a contribution format income statement segmented by product lines.

Weedban Greengrow Sales: Weedban (15000@$6.00) $90,000 Greengrow (28000@$7.50)…

Answered: EXERCISE 6–4 Basic Segmented Income…

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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Question 6 of 10 Moving to another question will save this response. Question 6 Javed Corporation produces and sells a single product, has provided its contribution format income statement for March. Sales (17,000 units) Rs. 2,210,000 Variable Expenses 1,530,000 Contribution Margin 680,000 Fixed Cost 250,000 Net Profit 430,000 Number of units to be sold so that target profit of Javed Corporation increased by Rs. 48,000?
Exercise 1 CVP Relationships high electromagnetic radiation environments. Kelter Company manufactures and sells a specialized cordless telephone contribution format income statement for the most recent year is grven L Exurcises CVP Relationships The companys or helow Total Per Unit % of Sales Sales (20,000 units) Less: Variable expenses Contribution margin Less Fixed expenses P1,200,000 P60 100% 900,000 45 P 300,000 15 240,000 Net operating income P 60,000 Management is anxious to improve the company's profit performance and bas asked for an analysis of a number of items. Required 1 Compute the company's CM ratio and variable expenses ratio.
A 1 Chapter 7: Applying Excel 2 3 Data 4 Selling price per unit 5 Manufacturing costs: 6 7 8 Variable per unit produced: Direct materials Direct labor Variable manufacturing overhead 9 10 Fixed manufacturing overhead per year 11 Selling and administrative expenses: 12 Variable per unit sold 13 Fixed per year 14 15 16 Units in beginning inventory 17 Units produced during the year 18 Units sold during the year 25 Units in beginning inventory 26 Units produced during the year 27 Units sold during the year 28 Units in ending inventory 29 30 Compute the Absorption Costing Unit Product Cost 31 32 Direct materials 33 Direct labor 34 Variable manufacturing overhead 35 Fixed manufacturing overhead 36 Absorption costing unit product cost 37 19 20 Enter a formula into each of the cells marked with a ? below 21 Review Problem 1: Contrasting Variable and Absorption Costing 22 23 Compute the Ending Inventory 24 46 Compute the Variable Costing Unit Product Cost 47 48 Direct materials 49 Direct labor…
EC 3 Question 3 Hometown Bakery sells three types of doughnuts: glazed, jelly, and cake. The following table shows the sales price and variable costs for each type. The bakery incurs $331,000 a year in fixed expenses. Assume that it sells 3 glazed doughnuts for every 1 jelly doughnut and every 1 cake doughnut. DOUGHNUT TYPE SALES PRICE VARIABLE COST Glazed $0.40 $0.29 Jelly $0.52 $0.49 Cake $0.47 $0.29 (a) How many doughnuts of each type will be sold at the breakeven point? (Round intermediate calculations and final answers for the number of doughnuts to the nearest whole, e.g. 5,275.) Jelly doughnuts Cake doughnuts Glazed doughnuts b. What amount of revenue would need to be generated by each type of doughnut for the company to earn $74,100 in operating income?
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Eercise 1 CVP Relationships high electromagnetic radiation environments. Kelter Company manufactures and sells a specialized cordless telephone contribution format income statement for the most recent year is grven L Exurcises CVP Relationships The companys ur helow Total Per Unit % of Sales Sales (20,000 units) Less: Variable expenses Contribution margin Less Fixed expenses P1,200,000 P60 100% 900,000 45 P 300,000 15 240,000 Net operating income P 60,000 Management is anxious to improve the company's profit performance and has asked for an analysis of a number of items.
Question 3 Mesin Trade Sdn. Bhd. has two divisions: the 'Excel' and "Shine' divisions. Excel makes and supplies Component X to the Shine Division. The Shine Division buys Component X and converts it to the finished product, which it then sells to its extemal customers. Excel has no external customers for Component X. Expected sales of the finished product are as follows: www ww www Net selling Sales volumes price (RM): | (Units): 1,000 100 90 2,000 3,000 80 70 4,000 5,000 6,000 60 50 The optimal level of output for Mesin Trade Sdn. Bhd. has been determined at 5,000 units and the costs of each division are: www Excel Shine Variable cost per unit Fixed costs attributable to RM62,000 the products RM11.50 RM7.50 RM92,000 Based on a full cost plus mark-up policy, the transfer price of Component X has been set at RM30 per unit. Required: (a) Show computations supporting that at 5,000 units of output Mesin Trade Sdn. Bhd. will be able to maximize its profits. wwww (b) Using the above full…

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