Please do not give solution in image format thanku ABC and CVP Analysis: Multiple ProductsGood Scent, Inc., produces two colognes: Rose and Violet. Of the two, Rose is more popular. Data concerning the two products follow:Expected sales (in cases)Selling price per caseDirect labor hoursMachine hoursReceiving ordersPacking ordersMaterial cost per case$49Direct labor cost per case$8The company uses a conventional costing system and assigns overhead costs to products using direct labor hours. Annual overhead costs follow. They are classified as fixed or variable with respect to direct labor hours.Direct labor benefitsMachine costsReceiving departmentPacking department*Total costsAll depreciationFixed$Rose Violet190,000*222,500116,000$528,500Break-even cases of Rose49,500 9,900$101$8034,850 5,7009,750 2,500Break-even cases of Violet52952846$43$6Variable$170,310316,290Required:1. Using the conventional approach, compute the number of cases of Rose and the number of cases of Violet that must be sold for the company to break even. In your computations, round variable unit cost to the nearest cent and round the number ofbreak-even packages to the nearest whole number.G F$486,600casescases 2. Using an activity-based approach, compute the number of cases of each product that must be sold for the company to break even. In your computations, round all computed amounts to the nearest cent and round the number of break-even packagesto the nearest whole number.Break-even cases of RoseBreak-even cases of VioletX casesX cases

CVP analysis, or cost-volume-profit analysis, is a management accounting technique used to analyze…

Good Scent, Inc., produces two colognes: Rose and Violet. Of the two, Rose is more popular. Data concerning the two products follow: Violet 49,500 9,900 $101 $80 34,850 5,700 9,750 2,500 Expected sales (in cases) Selling price per case Direct labor hours Machine hours Receiving orders Packing orders 46 Material cost per case $49 $43 Direct labor cost per case $8 $6 The company uses a conventional costing system and assigns overhead costs to products using direct labor hours. Annual overhead costs follow. They are classified as fixed or variable with respect to direct labor hours. Variable Fixed $ - $170,310 190,000 316,290 222,500 116,000 $528,500 $486,600 Direct labor benefits Machine costs Receiving department Packing department Total costs • All depreciation Rose Break-even cases of Rose Break-even cases of Violet 52 95 28 Required: 1. Using the conventional approach, compute the number of cases of Rose and the number of cases of Violet that must be sold for the company to break even. In your computations, round variable unit cost to the nearest cent and round the number of break-even packages to the nearest whole number. cases cases

Good Scent, Inc., produces two colognes: Rose and Violet. Of the two, Rose is more popular. Data concerning the two products follow: Violet 49,500 9,900 $101 $80 34,850 5,700 9,750 2,500 Expected sales (in cases) Selling price per case Direct labor hours Machine hours Receiving orders Packing orders 46 Material cost per case $49 $43 Direct labor cost per case $8 $6 The company uses a conventional costing system and assigns overhead costs to products using direct labor hours. Annual overhead costs follow. They are classified as fixed or variable with respect to direct labor hours. Variable Fixed $ - $170,310 190,000 316,290 222,500 116,000 $528,500 $486,600 Direct labor benefits Machine costs Receiving department Packing department Total costs • All depreciation Rose Break-even cases of Rose Break-even cases of Violet 52 95 28 Required: 1. Using the conventional approach, compute the number of cases of Rose and the number of cases of Violet that must be sold for the company to break even. In your computations, round variable unit cost to the nearest cent and round the number of break-even packages to the nearest whole number. cases cases

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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