Mcdale Inc. produces and sells twoproducts. Data concerning thoseproducts for the most recent monthappear below: Product 149V ProductZ5OU Sales $ 40,000 $ 45,000 Variableexpenses $ 12,800 $ 28,850 The fixedexpenses of the entire company were$38,940. The break-even point for theentire company is closest to:Multiple Choice $76,353$38,940$80,590$46,060

Here, first off all we need to find the overall Contribution margin ratio to find the overall break…

Answered: Mcdale Inc. produces and sells two…

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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20. Crumbley Inc. produces and sells two products. Data concerning those products for the most recent month appear below: Product P2 $48,000 $7,520 Product W4 Sales $16,000 Variable expenses $5,920 Fixed expenses for the entire company were $42,760. Determine the overall break-even point for the company in total sales dollars. bluo
Mcdale Incorporated produces and sells two products. Data concerning those products for the most recent month appear below. Product 149V Product Z500 Sales $ 14,000 Variable expenses $ 15,000 $ 3,300 $ 2,790 The fixed expenses of the entire company were $18,460. The break-even point for the entire company is closest to: Multiple Choice $23,367 $10,540 $24,550 $18,460
The following data pertain to the operations of Deci, Inc. in the most recent month for the production of its only product, which sells for $297: Beginning inventory: 4, 000 Units Produced: 46,000 Units Sold: 47,000 Variable Costs per unit: Direct materials: $84 Direct Labor: $93 Manufacturing Overhead: $18 Selling and Administrative: $30 Fixed Costs: Manufacturing overhead: $1,912, 680 Selling and administrative: $1,954, 260 What is the variable costing unit product cost?
Trainor Incorporated, which has only one product, has provided the following data concerning its most recent month of operations: Selling price $ 112 Units in beginning inventory 0 Units produced 4,900 Units sold 4,500 Units in ending inventory 400 Variable costs per unit: Direct materials Direct labor Variable manufacturing overhead Variable selling and administrative $ 19 $ 45 $ 6 $ 9 Fixed costs: Fixed manufacturing overhead $ 1,17,600 Fixed selling and administrative $ 22,500 What is the net operating income for the month under absorption costing? A. ($19,600) B. $9,600 C. $8,400 D. $18,000
Joson Incorporated produces and sells two products. Data concerning those products for the most recent month appear below: Product A Product B Sales $ 30,000 $ 35,000 Variable expenses $ 11,800 $ 26,550 The fixed expenses of the entire company were $39,160. The break-even point for the entire company is closest to:
Walsh Company manufactures and sells one product. The following information pertains to each of the company's first two years of operations: Variable costs per unit: Manufacturing: Direct materials Direct labor Variable manufacturing overhead Variable selling and administrative Fixed costs per year: $ 27 $ 11 $ 6 $ 5 Fixed manufacturing overhead Fixed selling and administrative expenses $ 320,000 $ 60,000 During its first year of operations, Walsh produced 50,000 units and sold 40,000 units. During its second year of operations, it produced 40,000 units and sold 50,000 units. The selling price of the company's product is $55 per unit. Required: 1. Assume the company uses variable costing: a. Compute the unit product cost for Year 1 and Year 2. b. Prepare an income statement for Year 1 and Year 2. 2. Assume the company uses absorption costing: a. Compute the unit product cost for Year 1 and Year 2. b. Prepare an income statement for Year 1 and Year 2. 3. Reconcile the difference between…
ABC Corporation has sold 1,000 units of product in a month and provided the following contribution format income statement. Assume that the following information is within the relevant range.Total sales revenue 50,000 Total variable expenses 32,000 Contribution margin 18,000 Fixed expenses $ 12,000 Net operating income 6,000 The break-even point in unit sales is closest to:
Last month when Gifted by Design, Inc. sold 20,000 units, total sales were $400,000, total variable expenses were $300,000 and fixed expenses were $70,000. What is the company's Variable Expense ratio? Please express as a number without the % emblem i.e. 15 not 15%
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A manufacturing company that produces a single product has provided the following data related to its operations during May: Manufacturing costs: Variable costs per unit: Direct materials $22.50 $20.00 S7.50 Direct labor Variable manufacturing overhead Fixed manufacturing overhead costs (total) $875,000 Selling and administrative costs: Variable per unit Fixed (total) $5.00 $900,000 The product sells for $125 per unit. The company produced 35,000 units and sold 30,000 units in May. There is no beginning inventory. Required: a) Compute the breakeven sales dollars and margin of safety in sales dollars. b) Determine the unit product cost under: i. Absorption costing. ii. Variable costing. c) Prepare an income statement for the month using absorption costing. d) Prepare a contribution format income statement for the month using variable costing. e) Reconcile the variable costing and absorption costing net operating incomes in (c) and (d) above. f) Suppose the company had same production…

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