how much advertising costs and staff bonuses should be included
Q: porated's contribution margin ratio is 61% and its fixed monthly expenses are $45,500. Assuming that…
A: Net operating income refers to the concept of evaluating the expected sum of money arising out of an…
Q: Bruin Corporation's contribution margin ratio is 75% and its fixed monthly expenses are $45,000.…
A: Description: Contribution margin amount = Sales amount x Contribution margin ratio. Multiplying…
Q: À week before the end of Its fiscal year, a company forecasts that it will not meet its target net…
A:
Q: Data concerning the single product a company sells show that selling price and variable expenses per…
A: Solution : Given Current sales units 9900 units per month Selling price per unit $150…
Q: Jazzy Janitors has found that only 10% of its invoiced amounts are paid in the same month that the…
A: Expected cash receipt and revenue are different. Revenue is the amount of income recognized during…
Q: One of ABC product line has been unprofitable for the past 18 months. The latest monthly income…
A: Current the product line is incurring a loss of $ 2,600. Income statement assuming the product line…
Q: NUBD Co. has been incurring losses in the past years during the third quarter of the year.…
A: SOLUTION- CONTINUED OPERATION ARE ACTIVITIES WITHIN A BUSINESS ORGANIZATION THAT ARE ONGOING AND…
Q: The cash payments expected for Finch Company in the month of April are a.$122,895 b.$119,475…
A: Usually cash flow analysis is important for survival of any organization. Hence, organization need…
Q: Copley Paper Supply expects to have the sales and expenses shown for May, June, and July. The…
A:
Q: The Constantine Corporation purchases robes for $12 per unit and then sells them for $25 per unit.…
A: Budget means the expected value for future. Budget is prepared for future and actual value is…
Q: Prada Company maintains a mark up of 60% based on sales. The company's selling and administrative…
A: Solution: Sales = P1,440,000 Markup on sales = 60% Cost of sales = 40%
Q: merchandiser plans to sell 13,400 units next month at a selling price of $110 per unit. It also…
A: Contribution margin is the difference between total sales revenue and total variable cost. It is…
Q: Fazel Company makes and sells paper products. In the coming year, Fazel expects total sales of…
A: Solution 1" Fazel Company Selling and administrative expenses budget Particulars Amount…
Q: Finch Company began its operations on March 31 of the current year. Finch has the following…
A: Formula: Insurance expense = Per month amount x Number of months.
Q: Last month Bryn Company had a $45,057 profit on sales of $296,632. Fixed costs are $72,308 a month.…
A: Contribution Margin = Fixed Costs + Net Income. Contribution Margin Ratio = (Fixed Costs + Net…
Q: Cadre, Inc., sells a single product with a selling price of $120 and variable costs per unit of $90.…
A: As posted multiple sub parts we are answering only first three sub parts kindly repost the…
Q: The management of Pacubas Corporation expects sales in July to be $121,000. The company's…
A: SOLUTION- CVP ANALYSIS IS CONSIDERED A DECISION MAKING TOOL THAT HELP MANAGEMENT TO MAKE…
Q: The Constantine Corporation purchases robes for $12 per unit and then sells them for $25 per unit.…
A: Lets understand the basics.Management prepares budget in order estimate future profit from the…
Q: Copley Paper Supply expects to have the sales and expenses shown for May, June, and July. The…
A: Budget is the forecasts or estimates that are made for future period. Cash budget shows expected…
Q: Ashland Company manufactures and sells a single product. The company's sales and expenses for a…
A: Break-even point: A breakeven analysis is a calculation of the point at which revenue equals…
Q: A company sells a single product with a selling price of $120 and variable costs per unit of $90.…
A: Since you have posted a question with multiple sub-parts, we will solve the first three subparts for…
Q: Advanced Enterprises reports year- end information from 2018 as follows: Sales (161,250 units) Cost…
A: SOLUTION- EXPLANATION- COST OF GOOD SOLD IN 2018 = 645000 / 161250…
Q: Finch Company began its operations on March 31 of the current year. Finch has the following…
A: The cash payments in April are basically the manufacturing costs and the insurance expenses. Non…
Q: Crane Inc. had sales of $2,390,000 for the first quarter of 2022 (it sold 239,000 units). In making…
A: As per the absorption costing method, the product cost includes fixed and variable manufacturing…
Q: In April of 2021, Best Speaker Company expects to sell 470 bluetooth speaker units. Expenses are as…
A: Operating expenses are defined as the payments made by a business entity to execute its routine…
Q: Bexon company sells a product for RM730. Unit sales for May were 700 and each month's sales are…
A: Sales budget is an operating budget and it was used by the organisation to find out the sales…
Q: The Constantine Corporation purchases robes for $12 per unit and then sells them for $25 per unit.…
A: The projected ending inventory for March is calculated as follows:Projected Ending Inventory for…
Q: Yanimize company sales in December 2018 were $70,000 and they are expected to rise by $4,500 per…
A: Cash collection means the actual cash collected from debtors by the company. Cash budget shows the…
Q: Presented here is the income statement for Big Sky Incorporated for the month of February: Sales $…
A: The objective of this question is to rearrange the traditional income statement into a contribution…
Q: The following information relates to XYZ manufacturing for the first quarter of 2021: Fixed Cost MVR…
A: Break-even analysis is a technique widely used by the production department. It helps to determine…
Q: Jenny Inc. has the following projected costs for the second quarter of 20YY: Projected Costs…
A: The objective of the question is to calculate the total selling and administrative expenses for…
Q: Higgins Company sells three products, Product A, Product B, and Product C. Sales during June totaled…
A: Contribution arin ratio is calculated by deducting the cost of make product from the revenue and…
Throughout the financial year Dom Company incurs costs unevenly. On February 28, 2018, advertising costs
of P200,000 were incurred and staff bonuses are paid at the year-end
based on sales. Staff bonuses are expected to be around P3,000,000 for the year, based on
sales of P30,000,000. Total sales for the quarter ending March 31, 2018 were P7,000,000.
For the quarter ended March 31, 2018 how much advertising costs and staff bonuses should be included?
![](/static/compass_v2/shared-icons/check-mark.png)
Step by step
Solved in 2 steps
![Blurred answer](/static/compass_v2/solution-images/blurred-answer.jpg)
- ABC Inc. has sales of $2,000,000 for the first quarter of 2019. In making the sales, the company incurred the following costs and expenses. Variable Fixed Product cost $760,000 $600,000 Selling expenses 95,000 60,000 Administrative expenses 79,000 66,000 Instruction: Prepare a CVP income statement for the quarter ended March 31, 2019.Copley Paper Supply expects to have the sales and expenses shown for May, June, and July. The company expects to receive 70% of the sales in the month of the sale, 25% thefollowing month, and 5% to be uncollectible. The company's policy to pay manufacturing cost includes 65% in the month incurred and 35% the following month. All other costs are paid in the month incurred. In addition, the company must pay an income tax payment in July, which the company estimates will be 10% of total sales for the quarter. The company will also receive interest revenue of $1,200 in June. May $102,500 $100,000 $105,200 $107,100 Аpril June July Sales Manufacturing costs 30,000 34,500 38,000 36,500 Selling expenses Administrative expenses 14,900 14,900 22,500 15,000 20,000 20,000 22,500 25,000 Prepare the cash budget for the three months if the cash balance as of May 1, 2015, totaled $102,000. The company requires a $100,000 minimum cash balance.Jazzy Janitors has found that only 10% of its invoiced amounts are paid in the same month that the work is completed. Sixty percent are paid in the month after the work is completed and 30% are paid in the second month after the work is completed. During December 2013, Jazzy Janitors’ invoiced $200,000 to clients. Projected revenues for the first six months of 2014 are given below: Month Revenue January $180,000 February 215,000 March 220,000 April 218,000 May 240,000 June 255,000 What are the expected cash receipts for April, 2014?
- Copley Paper Supply expects to have the sales and expenses shown for May, June,and July. The company expects to receive 70% of the sales in the month of the sale,25% thefollowing month, and 5% to be uncollectible. The company’s policy to paymanufacturing cost includes 65% in the month incurred and 35% the followingmonth. All other costs are paid in the month incurred. In addition, the company mustpay an income tax payment in July, which the company estimates will be 10% of totalsales for the quarter. The company will also receive interest revenue of $1,200 inJune. Prepare the cash budget for the three months if the cash balance as of May 1, 2015,totaled $102,000. The company requires a $100,000 minimum cash balance.The Constantine Corporation purchases robes for $12 per unit and then sells them for $25 per unit. The company estimated the following sales for the first four months of the current year: January 8,000 units, February 12,000 units, March 9,000 units and April 7,000 units. The company has rent expense of $5,600 and personnel salaries of $32,000 each month as well as variable advertising costs of $3 per unit based on monthly sales. Ending inventory at December 31st is 2,000 units and for each month after that is expected to be 10% of the next month's sales. What is the company's budgeted net income for February?The Constantine Corporation purchases robes for $12 per unit and then sells them for $25 per unit. The company estimated the following sales for the first four months of the current year: January 8,000 units, February 12,000 units, March 9,000 units and April 7,000 units. The company has rent expense of $5,600 and personnel salaries of $32,000 each month as well as variable advertising costs of $3 per unit based on monthly sales. Ending inventory at December 31st is 2.000 units and for each month after that is expected to be 10% of the next month's sales. What total dollar amount of purchases is projected for March?
- Wildhorse Inc. has sales of $2,600,000 for the first quarter of 2025. In making the sales, the company incurred the following costs and expenses. Variable Fixed Cost of goods sold $988,000 $780,000 Selling expenses 123,500 78,000 Administrative expenses 102,700 85,800 Prepare a CVP income statement for the quarter ended March 31, 2025. WILDHORSE INC. CVP Income Statement For the Quarter Ended March 31, 2025 $merchandiser plans to sell 13,400 units next month at a selling price of $110 per unit. It also gathered the following cost estimates for next month: Cost Cost Formula Cost of goods sold $60 per unit sold Advertising expense $150,000 per month Depreciation expense $70,000 per month Shipping expense $100,000 per month + $10 per unit sold Administrative salaries $50,000 per month Sales commissions 5% of sales Insurance expense $15,000 per month What is the estimated total contribution margin for next month?Pablo Company wishes to determine the fixed portion of its maintenance expenses (a semi-variable expense), as measured against direct labor hours for the first three months of the year. Information for the first quarter is as follows (refer to the attached picture): What is the fixed portion of Pablo Company’s maintenance expense using high-low method? * direct hours labor maintenance costs January 25000 210000 February 30000 240000 march 27000 222000
- Jenny Inc. has the following projected costs for the second quarter of 20YY: Projected Costs Expenses April May June Selling and marketing expenses (i) $200,000 $250,000 $300,000 Office insurance expense (ii) 800 800 800 Office depreciation expense 500 500 500 Property tax expense (iii) 700 700 700 Jenny’s payment policy for selling and administrative expenses is as follows: Of the selling and marketing expenses, 50% is paid in the month they are incurred; the remaining 50% to be paid in the following month. The selling and admin expense payable at the end of March was $70,000, which represents 50% of March’s selling expenses. Insurance expense is $800 a month; however, the insurance is paid quarterly in the first month of each quarter, (i.e., in January, April, July, and October). Property taxes are paid once a year in December. The projected total selling and admin expenses for April are: Group of answer choices None of the above $172,400 $202,000 $204,400During a recent month, Cantho Company planned to provide cleaning services to 30 customers for $26 per hour. Each job was expected to take 6.0 hours. The company actually served 10 more customers than expected, but the average time spent on each job was only 5.5 hours each. Cantho's revenues for the month were OA $1,040 less than expected OB. $1.560 more than expected OC. $1.040 more than expected OD. Cannot be determined from data givenCrane Inc. had sales of $2,390,000 for the first quarter of 2022 (it sold 239,000 units). In making the sales, the company incurred the following costs and expenses. Cost of goods sold Selling expenses Administrative expenses Sales Prepare a CVP income statement for the quarter ended March 31, 2022. (Round per unit answers to 2 decimal places, e.g. 15.25.) Variable Costs Contribution Margin Fixed Costs Variable $976,000 116,000 103,000 Net Income/(Loss) Fixed $488,000 95,000 129,000 CRANE INC. CVP Income Statement For the Quarter Ended March 31, 2022 V Total $ Per Unit Percent of Sales 100 % % %