A company that makes organic fertilizer has supplied the following data: The company's margin of safety in units is closest to:Select one:a.471,429 unitsb.501,563 unitsc.601,524 unitsd.194,043 units 680,000$4,352,000Bags produced and sold..Sales revenue ...Variable manufacturing expense..Fixed manufacturing expense.Variable selling and administrative expenseFixed selling and administrative expenseNet operating income..$1,972,000$730,000$782,000$412,000$456,000

The question is based on the concept of Cost Accounting. Margin of safety sales is the amount of…

Answered: he company's margin of safety in units…

he company's margin of safety in units is closest to: Select one: a. 471,429 units b. 501,563 units c. 601,524 units d. 194,043 units

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

See similar textbooks

Related questions

Q: ! Required information [The following information applies to the questions displayed below.] Benton…

A: Predetermined Overhead Rate :— It is the rate used to allocate manufacturing overhead cost to cost…

Q: Durban Metal Products, Limited, of the Republic of South Africa makes specialty metal parts used in…

A: Activity-Based Costing (ABC) is a costing methodology that assigns overhead costs to specific…

Q: Inventories: Beginning (units). Ending (units)... Variable costing net operating income..... Year 1…

A: The net income under variable and absorption costing differs due to fixed costs deferred in or…

Q: I want answer

A: Explanation of Resource Allocation to Products for Profit Maximization: Resource allocation for…

Q: Determine direct materials standards. BE12.2 (LO 1) Hideo Company accumulates the following data…

A: Introduction: Materials and supplies consumed during the manufacturing of a product that are…

Q: tory product 12.70 13.22 anufacturing cycle efficiency. bund intermediate calculations. Round you

A: Manufacturing cycle efficiency = Manufacturing product in hours / (Inspecting product in hours +…

Q: Please provide correct solution for correct answer with my problem

A: Step 1: Introduction to the Absorption Costing:In managerial accounting, the product cost can be…

Q: Assume a company's activity-based costing system includes three activities with the following…

A: ACTIVITY BASED COSTINGActivity Based Costing is a Powerful tool for measuring…

Q: Given the following cost and activity observations for Bounty Company’s utilities, use the high-low…

A: Variable cost is the cost that changes with change in the activity of cost driver used. The variable…

Q: Wildhorse Inc. has conducted the following analysis related to its product lines using a traditional…

A: Under the traditional costing system cost are allocated to product or services on the basis of…

Q: Kropf Incorporated has provided the following data concerning one of the products in its standard…

A: Materials price variance=Raw materials purchased×Standard price-Actual cost of raw materials…

Q: A business makes two components which it uses to produce one of its products. Details are: Component…

A: It is the process of making decisions that involve the management of costs to achieve long-term…

Q: 9. Schneider Electric manufactures power distribution equipment for commercial customers, such as…

A: Customer profitability analysis is done by the management to measure the profits earned by the…

Q: Direct materials Direct labor Variable manufacturing overhead Fixed manufacturing overhead Unit…

A: Answer:- Direct materials meaning:- Direct materials are the ingredients used to create a…

Q: Consumption Ratios; Activity Rates Bienestar Company produces two types of get-well cards: scented…

A: Overhead is allocated using the activity rate formula. In order to determine the activity-based…

Q: Compute operating income using the traditional costing system

A: Step 1:Operating Income can be calculated as Sales Revenue -Total Cost. Traditional income statement…

Q: Lillibridge & Friends, Incorporated provides you with the following data for its single product:…

A: "Since you have posted a question with multiple sub-parts, we will solve first three sub-parts for…

Q: A company manufactures and sells soap. The direct material costs per unit is K2.00, the direct…

A: The contribution to sales ratio is like the slice of the revenue pie that remains after covering the…

Q: Requirement 1. Using vanable costing, calculate the unit product cost. (Hound your tinal answer to…

A: Absorption costing and variable costing are the two methods of costing system. Under variable…

Q: (c2) Estimated daily production costs for April 1 using both the high-low method and the regression…

A: Mixed cost refers to that cost which has both a variable cost as well as a fixed cost. Total…

Q: ! Required information [The following information applies to the questions displayed below.] Benton…

A: The objective of the question is to calculate the predetermined overhead rate for the quarter and…

Q: a. Determine the amount of desired profit from the production and sale of 5,310 units of cell…

A: Solution:- a)Calculation of the amount of desired profit from the production and sale of 5,310…

Q: A Company that manufactures custom-made machinery routinely incurs sizable long distance telephone…

A: The cost can be of two types product cost and period cost. Product cost is the cost used to produce…

Q: Product 1 Product 2 Product 3 Product 4 £ per kg/hour £ £ £ £ Direct materials( per kg) £ 21.60 £…

A: A limiting factor is anything that restricts an organisation's ability to maximise its sales due to…

Q: Karyn Fabrics manufactures a specialty monogrammed blanket. The following are the cost standards for…

A: "Since you have posted a question with multiple sub parts, we will solve first three sub parts for…

Q: ILLUSTRATION 2 NXE Manufacturing Concern furnishes the following information: Material for 70 kg…

A: Material usage variance = (Actual quantity - Standard quantity) * Standard priceMaterial price…

Q: Required information Acoma Co. has identified one of its cost pools to be quality control and has…

A: The costs for quality pool has been assigned as $165,000. We have to find costs for different…

Q: Information about direct materials cost follows for a local company: Standard price per materials…

A: Standard price (SP) = $19 Actual quantity used (AQ) = 2450 grams Price variance = $19600 F Actual…

Q: me Douglas Tank Corp. has provided the following data concerning one of the products In Its standard…

A: As per the given question we are required to calculate different variances of labor material and…

Q: udard Selling Price ct Materials ect Labour

Q: Benoit Company produces three products-A, B, and C. Data concerning the three products follow (per…

A: The contribution margin is calculated as difference between sales and variable costs. The product…

Q: Quinnen Williams Roughing the Passer Corporation has provided-the folowing data concerning one of…

A: Since we only answer up to 3 sub-parts, we’ll answer the first 3. Please resubmit the question and…

Q: Identify the cost graph that best illustrates its cost behavior as the number of units produced…

A: In accounting there are two main types of costs – fixed costs and variable costs. Fixed costs in…

Q: For a company with the product portfolio in the Table, determine an aggregate unit and determine the…

A: Analyzing a company's product involves a thorough assessment of its features, quality, performance,…

Q: The statements of earnings for Pruitt Company summarized for a four-year period show the following…

A: Impact in 2019 Due to understatement of ending inventory for 2019 by $24, the cost of sales of 2019…

Q: Pippin Inc. has provided the following data concerning one of the products in its standard cost…

A: Lets understand the basics.Direct labor efficiency variance is a variance between the standard hours…

Q: Provide answer this question

A: a. Compute the variable cost per mile:Variable Cost per Mile = (Cost at Highest Activity Level -…

Concept explainers

Pricing

Pricing is used as a term in finance and economics, pricing is the process of fixing a value for a product or a service. Pricing establishes a value for a product or service that the customer has to pay. A business can choose from different strategies while deciding to set prices.

Question

A company that makes organic fertilizer has supplied the following data:

The company's margin of safety in units is closest to:

Select one:

471,429 units

501,563 units

601,524 units

194,043 units

680,000
$4,352,000
Bags produced and sold..
Sales revenue ...
Variable manufacturing expense..
Fixed manufacturing expense.
Variable selling and administrative expense
Fixed selling and administrative expense
Net operating income..
$1,972,000
$730,000
$782,000
$412,000
$456,000

Expert Solution

This question has been solved!

Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.

This is a popular solution!

SEE SOLUTION Check out a sample Q&A here

Step 1 Introduction

VIEW

Step 2 Calculating the required part.

VIEW

Trending now

This is a popular solution!

Step by step

Solved in 2 steps

SEE SOLUTION Check out a sample Q&A here

Knowledge Booster

Learn more about

Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, accounting and related others by exploring similar questions and additional content below.

Similar questions

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)
Kindly solve the remaining two Requirements iam going to mention the numbers 4. And 5. Previous three were solved earlier by your experts. Thankyou...
Bruce Corporation makes four products in a single facility. These products have the following unit product costs: Direct materials Direct labor Variable manufacturing overhead Fixed manufacturing overhead. Unit product cost Additional data concerning these products are listed below. Multiple Choice Product C Product B Product D Product A Products A B C D $17.20 $ 21.10 $ 14.10 $ 16.80 19.20 22.60 17.00 11.00 6.00 7.20 29.10 16.00 $71.50 A 2.25 $ 86.70 $ 2.95 4,600 9.70 16.10 $66.90 $ 56.90 Products Grinding minutes per unit Selling price per unit Variable selling cost per unit Monthly demand in units. The grinding machines are potentially the constraint in the production facility. A total of 10,500 minutes are available per month on these machines. Direct labor is a variable cost in this company. Which product makes the MOST profitable use of the grinding machines? Note: Round your intermediate calculations to 2 decimal places. B 1.30 $ 79.10 $ 3.65 3,600 C 0.85 $ 75.90 $4.40 3,600
roduct Cost Method of Product Costing MyPhone, Inc., uses the product cost method of applying the cost-plus approach to product pricing. The costs of producing and selling 5,160 units of cell phones are as follows: Variable costs: Fixed costs: Direct materials $90 per unit Factory overhead $199,200 Direct labor 31 Selling and admin. exp. 70,300 Factory overhead 23 Selling and admin. exp. 22 Total variable cost per unit $166 per unit MyPhone desires a profit equal to a 13% rate of return on invested assets of $600,800. a. Determine the amount of desired profit from the production and sale of 5,160 units of cell phones.$fill in the blank 1 b. Determine the product cost per unit for the production of 5,160 of cell phones. If required, round your answer to nearest dollar.$fill in the blank 2 per unit c. Determine the product cost markup percentage (rounded to two decimal places) for cell phones.fill in the blank 3 % d.…
[The following information applies to the questions displayed below.] Benton Corporation manufactures computer microphones, which come in two models: Standard and Premium. Data for a representative quarter for the two models follow: Units produced Production runs per quarter Direct materials cost per unit Direct labor cost per unit Supervision Setup labor Incoming inspection Total overhead Manufacturing overhead in the plant has three main functions: supervision, setup labor, and incoming material inspection. Data on manufacturing overhead for a representative quarter follow: Standard 10,400 50 $ 30 50 $ 214,500 249,600 179,400 $ 643,500 a. Overhead rate b. Supervision b. Setup labor b. Incoming inspection Premium 2,600 25 $ 64 75 Required: a. Benton currently applies overhead on the basis of direct labor cost. What is the predetermined overhead rate for the quarter? b. The CFO and the plant controller at Benton are thinking of adopting an ABC system. They have tentatively chosen the…
ABC Company makes four products in a single facility. Data concerning these products appear below: Product Selling price per unit Variable manufacturing cost A C P28.20 P26.60 D P20.40 P24.70 per unit Variable selling cost per unit Milling machine minutes per P11.40 P7.70 P6.30 P9.30 P3.40 P1.50 P3.50 P1.80 unit 2.60 1.40 0.70 0.90 Monthly demand in units The milling machines are potentially the constraint in the production facility. A total of 10,400 minutes are available per month on these machines. 1,000 3,000 4,000 1,000 8)Which product makes the LEAST profitable use of the milling machines? a. Product A c. Product C d. Product D b. Product B 9) Which product makes the MOST profitable use of the milling machines? a. Product A b. Product B c. Product C d. Product D 10) Up to how much should the company be willing to pay for one additional hour of milling machine time if the company has made the best use of the existing milling machine capacity? (Round off to the nearest whole cent.)…
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)