Give true answer not use ai In 2015, X Company sold 61,500 units of its only product. Thefollowing is budgeted per-unit information for 2016:Selling price$34.41Direct materials5.41Direct labor (all variable)4.13Variable overhead4.70Variable selling and administration 4.38Fixed overhead and fixed selling and administrationcosts are expected to total $356,700.If X Company wants to earn $44,000 after taxes in 2016, andthe tax rate is 31%, how many units must it sell?

Step 1: Define Cost-Volume-Profit (CVP) AnalysisThe cost-volume-profit (CVP) analysis is useful in…

Answered: In 2015, X Company sold 61,500 units of…

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter7: Budgeting

Section: Chapter Questions

Problem 15EA: Cold X, Inc. uses this information when preparing their flexible budget: direct materials of $2 per...

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Taylor Corporation is analyzing the cost behavior of three cost items, A, B, and C, to budget for the upcoming year. Past trends have indicated the following dollars were spent at three different levels of output: In establishing a budget for 14,000 units, Taylor should treat A, B, and C costs as: a. semivariable, fixed, and variable, respectively. b. variable, fixed, and variable, respectively. c. semivariable, semivariable, and semivariable, respectively. d. variable, semivariable, and semivariable, respectively.
Nashler Company has the following budgeted variable costs per unit produced: Budgeted fixed overhead costs per month include supervision of 98,000, depreciation of 76,000, and other overhead of 245,000. Required: 1. Prepare a flexible budget for all costs of production for the following levels of production: 160,000 units, 170,000 units, and 175,000 units. 2. What is the per-unit total product cost for each of the production levels from Requirement 1? (Round each unit cost to the nearest cent.) 3. What if Nashler Companys cost of maintenance rose to 0.22 per unit? How would that affect the unit product costs calculated in Requirement 2?
Variable Cost Ratio, Contribution Margin Ratio Chillmax Company plans to sell 3,500 pairs of shoes at 60 each in the coming year. Unit variable cost is 21 (includes direct materials, direct labor, variable factory overhead, and variable selling expense). Fixed factory overhead is 30,000 and fixed selling and administrative expense is 48,000. Required: 1. Calculate the variable cost ratio. 2. Calculate the contribution margin ratio. 3. Prepare a contribution margin income statement based on the budgeted figures for next year. In a column next to the income statement, show the percentages based on sales for sales, total variable cost, and total contribution margin.
Judges Gavel uses this information when preparing their flexible budget: direct materials of $3 per unit, direct labor of $2.50 per unit, and manufacturing overhead of $1.25 per unit. Fixed costs are $49,000. What would be the budgeted amounts for 33,000 and 35,000 units?
Cloud Shoes manufactures recovery sandals and is planning on producing 12.000 units in March and 11,500 in April. Each sandal requires 1.2 yards if material, which costs $3.00 per yard. The companys policy is to have enough material on hand to equal 15% of next months production needs and to maintain a finished goods inventory equal to 20% of the next months production needs. What is the budgeted cost of purchases for March?
Listed below are the budgeted factory overhead costs for 2011 for Moss Industries at a projected level of 2,000 units: Required: Prepare flexible budgets for factory overhead at the 1,000, 2,000, and 4,000 unit levels. (Hint: You must first decide which of the listed costs should be considered variable and which should be fixed.)
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The following data get out from Samsung industrial company: Direct materials costs JD 75 Direct manufacturing labor costs 20 Variable manufacturing overhead costs 15 Fixed overhead costs 28 Each TV need to 0.75 hour, and each hour by JD 31.5. The number of units manufactured is the cost driver for direct materials, direct manufacturing labor, and variable manufacturing overhead. The relevant range for the cost driver is from 0 to 6,000 TV. Budgeted and actual data for November 2019 are: Budgeted fixed costs for production JD 141, 750 Budgeted selling price JD 138 per unit Actual selling price 152.75 per unit Revenue at budgeted…
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Which of the preceding costs is variable? Fixed? Mixed? Explain.
Comex Company produces backpacks. Annual budget data for FY 2021 follows.Projected sales are 50,000 backpacks for FY 2021. Show workings.Sales revenue $2,500,000Manufacturing costs:Fixed 632,000Variable 500,000Selling and Administrative costs:Fixed 200,000Variable 700,000(a) Use CVP analysis to determine the unit contribution margin, breakeven point inunits and breakeven point in dollars.(b) Use CVP analysis to determine the profit for FY 2021. Ignore income taxes.(c) Use CVP analysis to determine the number of required units if Comex Companyplans to double the profit computed in Question 4b. Ignore income taxes.
Prepare flexible budget reports for manufacturing overhead costs, and comment on findings. E13.20 (LO 2) Excel Using the information in E13.19, assume that in July 2022, Raney Company incurs the following manufacturing overhead costs: Instructions a. Prepare a flexible budget performance report, assuming that the company worked 9,000 direct labour hours during the m b. Prepare a flexible budget performance report, assuming that the company worked 8,500 direct labour hours during the mc. Comment on your findings.

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