please answer within the format by providing formula the detailed workingPlease provide answer in text (Without image)Please provide answer in text (Without image)Please provide answer in text (Without image) 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 unitcost to the nearest cent and round the number of break-even packages to the nearest whole number.Break-even cases of RoseBreak-even cases of Violet2. 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 nearestcent and round the number f break-even packages to the nearest whole number.Break-even cases of RoseBreak-even cases of Violetcasescasescasescases 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:Direct labor benefitsMachine costsReceiving departmentPacking departmentTotal costs*All depreciationExpected sales (in cases)Selling price per caseDirect labor hoursMachine hoursReceiving ordersPacking ordersMaterial cost per caseDirect labor cost per case$12The 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 laborhours.FixedRose Violet$58,500 11,700$9832,500 6,500210,0009.650 2,600222,500114,00051$82102$502755$42$6Variable$183,300206,700$546,500 $390,000

Break Even is the level of sales or production at which a company covers all its expenses but…

Good Scent, Inc., produces two colognes: Rose and Violet. Of the two, Rose is more popular. Data concerning the two products follow: Rose Violet 58,500 11,700 $82 32,500 6,500 9,650 2,600 51 27 Expected sales (in cases) Selling price per case Direct labor hours Machine hours Receiving orders Packing orders Material cost per case $50 Direct labor cost per case $12 $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. Direct labor benefits Machine costs Receiving department Packing department Total costs *All depreciation Fixed $ 222,500 $98 114,000 102 55 $42 $183,300 210,000* 206,700 Variable $546,500 $390,000

Good Scent, Inc., produces two colognes: Rose and Violet. Of the two, Rose is more popular. Data concerning the two products follow: Rose Violet 58,500 11,700 $82 32,500 6,500 9,650 2,600 51 27 Expected sales (in cases) Selling price per case Direct labor hours Machine hours Receiving orders Packing orders Material cost per case $50 Direct labor cost per case $12 $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. Direct labor benefits Machine costs Receiving department Packing department Total costs All depreciation Fixed $ 222,500 $98 114,000 102 55 $42 $183,300 210,000 206,700 Variable $546,500 $390,000

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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