InfoTech Systems gives the following: • Variable Production Costs = $510,000 Variable S&A = $60,000 Fixed Production Costs = $265,000 • • Fixed S&A = $90,000 • • Units Produced = 130,000 • Units Sold = 115,000 Selling Price = $9 Find: Net Income using Full Costing
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- calculate net income ...?Use the following dataManagement believes it can sell a new product for $8.50. The fixed costs of production are estimated to be $6,000, and the variable costs are $3.20 a unit. Complete the following table at the given levels of output and the relationships between quantity and fixed costs, quantity and variable costs, and quantity and total costs. Quantity Total Revenue Variable Costs Fixed Costs Total Costs Profits (Loss) 0 500 1,000 1,500 2,000 2,500 3,000 Determine the break-even level using the above table and use the following Equation to confirm the break-even level of output. PQB = FC + VQB PQB - VQB = FC QB (P-V) = FC QB = FC P-V What would happen to the total revenue schedule, the total cost schedule, and the break-even level of output if management determined that fixed costs would…
- Please provide correct solution and accounting(Please answer question 2) Management believes it can sell a new product for $8.50. The fixed costs of production are estimated to be $6,000, and the variable costs are $3.20 a unit. Complete the following table at the given levels of output and the relationships between quantity and fixed costs, quantity and variable costs, and quantity and total costs. Quantity Total Revenue Variable Costs Fixed Costs Total Costs Profits (Loss) 0 500 1,000 1,500 2,000 2,500 3,000 2. Determine the break-even level using the above table and use the following Equation to confirm the break-even level of output. PQB = FC + VQB PQB - VQB = FC QB (P-V) = FC QB = FC P-V 3. What would happen to the total revenue schedule, the total cost schedule, and the break-even level of output if…Jerome Company has manufactured a product and has provided you the following relevant range of 30,000 to 50,000 units produced and sold annually: Units produced and sold 30000 40000 50000 Particulars Units Units Units Total Costs: Variable Costs $ 180,000 S 300,000 $ 480,000 ? ? Fixed Costs ? ? Total Costs ? ? Costs per Unit: Variable cost ? ? ? Fixed cost ? ? ? Total cost per unit: You are required to calculate net operating income if the company produces and sells 45,000 units during the year at a selling price of $16 per unit. a. Net income for the year is $250,000 b. Net income for the year is $150,000 c. Net income for the year is $175,000 d. Net income for the year is $215,000
- 1) What level of output would generate a profit of $15,000 if a product sells for $24.99, has unit variable costs of $9.99, and total fixed costs of $55,005?For Waterway Industries at a sales volume of 5000 units, sales revenue is $67000, variable costs total $ 44000, and fixed expenses are $21000. What is the unit contribution margin? Select answer from the options below $4.20 $8.80 $9.20 $4.60The controller of Orion Components Inc. prepared the following projected income statement: • Sales $200,000 • . • • Total Variable Cost = $120,000 Contribution Margin = $80,000 Total Fixed Cost = $50,000 Operating Income = $30,000 a. Calculate the contribution margin ratio. b. Calculate the variable cost ratio. c. Compute the break-even sales revenue for Orion Components Inc.