Fill in the blanks. Each case is different. Case Selling Variable Total Units Total Contribution Fixed Net Price Cost p/u Margin Cost Income 1 28 ----- 120000 720000 64000 ------ 2 100 60 100000 ------ 22000 ----- 3 120 95 ------- 100000 ------ 15000 4 30 20 800000 ------- ----- 12000 5 ------ 12 70000 1700000 1100000 ------

Fill in the blanks. Each case is different. Case Selling Variable Total Units Total Contribution Fixed Net Price Cost p/u Margin Cost Income 1 28 ----- 120000 720000 64000 ------ 2 100 60 100000 ------ 22000 ----- 3 120 95 ------- 100000 ------ 15000 4 30 20 800000 ------- ----- 12000 5 ------ 12 70000 1700000 1100000 ------

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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Variable costs: Manufacturing Sales commission Total variable costs Fixed costs (allocated): Manufacturing Selling and administrative Total fixed costs Total costs Variable manufacturing cost per unit E20.24 Absorption cost per unit Total variable cost per unit = = $400 $192000-480 = ($192000-$120000)- 480 = ($192000-124000)-480 =$450 = 5650 $192 000 $ 24 000 $120 000 $48 000 $216 000 $168 000 $384 000 Determining markup percentage; target ROI: manufacturer LO 20.3 Refer to the cost and production data for the Wave Darter in Exhibit 20.4. The target profit is $110 000. Required Use the general formula to calculate the required markup percentages for each of the following cost- plus formulas: 1. variable manufacturing cost 2. absorption cost.
am. 115.
Total Fixed cost OMR 25000, Selling Price per unit OMR 20, and Variable cost per unit OMR 12, What will be the Quantity (units) of sales if it is desired to earn a profit of OMR 18000 Select one: O a. 3125 Units O b. 10000 Units O c. 2083.33 Units O d. 1000 Units
A7
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I found that gross profit of LIFO is 1270 but still cant find the weighted average for gross profit
X The figure below shows graphs of the fixed cost function, total cost function and the total revenue function for a certain commodity. 20 8000+ 7000 6000 5000 4000 Dollars ($) 3000- 2000 1000 -10 -1000+ 10 20 30 (a) What is the break-even point? (295,7650) (b) What are the fixed costs? $ Percent of capacity= 40 Units Next Question 50 TR If the selling price per unit is $90, and the variable cost per unit is $20: TC FC 60 70 80 90 100 (c) If the maximum production capacity of the commodity is 110, express the break- even units as a percent of capacity? enter the answer in the form (x,y) e.g. % (round to two decimal places if necessary)
/quiz/attempt.php?attempt3D1457214&cmid%3D719121&page%3D8%#3question-1620910-30 Academic O b. 38,500 O c. 56,000 O d. 101,500 e. 70,000 Clear my choice All else being equal, what happens to the unit contribution margin and the contribution margin ratio if the sales price per unit decrease? Select one: O a. Unit contribution margin increases while contribution margin ratio decreases. O b. Both unit contribution margin and contribution margin ratio increase. O c. None of the given answers. O d. Unit contribution margin decreases while contribution margin ratio increases. O e. Both unit contribution margin and contribution margin ratio are unchanged. Next page ge here to search
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(e) Product Blue Product Red Selling $12.00 $24.00Variable cost $4.00 $8.00Contribution margin $8.00 $16.00Fixed costs apportioned $200,000 $400,00Budgeted Sales Units 140,000 60,000 Calculate the breakeven points, for each product and the company as a whole and comment on your findings f)Discuss the merits and demerits of the cost volume profit analysis (CVP)