Omni Co. Manufactures I Phones. The selling price per unit is $240, the variable cost ratio is 65% and fixed costs are $40,000. Omni is currently selling 600 units during the month of January Calculate operating income
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Omni Co. Manufactures I Phones. The selling price per unit is $240, the variable cost ratio is 65% and fixed costs are $40,000. Omni is currently selling 600 units during the month of January
Calculate operating income
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- BFAR Company currently produces 1,000 tires per month. The following per unit data apply for sales to regular customers (based on 1,000 tires): Direct materials Direct manufacturing labor Variable manufacturing overhead Fixed manufacturing overhead Total manufacturing costs P 20 P3 P6 P 10 P 39 Compute the total variable cost of producing 3,000 tires.Company sells a product for $90.00 per unit. Variable costs are $50 per unit, and fixed costs are $1,000 per month. The company expects to sell 600 units in September. The Contribution Margin Ratio is O 44% O 42% O 46% O 40% gs O 48%Marwick’s Pianos, Inc., purchases pianos from a large manufacturer for an average cost of $1,499 per unit and then sells them to retail customers for an average price of $2,600 each. The company’s selling and administrative costs for a typical month are presented below: Costs Cost Formula Selling: Advertising $ 961 per month Sales salaries and commissions $ 4,799 per month, plus 4% of sales Delivery of pianos to customers $ 60 per piano sold Utilities $ 647 per month Depreciation of sales facilities $ 4,956 per month Administrative: Executive salaries $ 13,422 per month Insurance $ 702 per month Clerical $ 2,456 per month, plus $37 per piano sold Depreciation of office equipment $ 879 per month During August, Marwick’s Pianos, Inc., sold and delivered 56 pianos. Required: 1. Prepare a traditional format income statement for August.
- Marwik Pianos. Inc purchases pianos from a large manufacturer for an average cost of $1,482 per unit and then sells them to retail Customers for an average price or S2,100 each. The company's selling and administrative costs for a typical month are presented below Costs Cost Formuala Selling $965 per month Advertising $4,793 per month plus 5% of Sales Sales Salaries and commissions $57 per piano sold Delivery of Pianos to customers $670 per month Utilities $4,903 per month Depreciaiton of Sales Facilities Administrative Executive Salaries $13,506 per month Insurance $701 per month Clerical $2,480 per month,plus $ 37 per piano sold Depreciation of Office Equipment $916 per month During August, Marvik Pianos sold and delivered 63 pianos. Prepare Traditional Income Statement and also prepare contribution format income statement for cost(Show costs and revenues on both a total and a per unit basis down through contribution margin)A company produces several product lines. One of those lines generates the following annual cost and production data: The company adds 40% to its production cost in selling to the retailer. The retailer in turn adds a 50% profit margin when selling to its customers. How much would it cost a retailer to buy 100 units of the product? (a) $4800 (b) $6720 (c) $7200 (d) $1008Marwick's Pianos, Incorporated, purchases pianos from a large manufacturer for an average cost of $1,502 per unit and then sells them to retail customers for an average price of $2,400 each. The company's selling and administrative costs for a typical month are presented below: Costs Selling: Advertising Sales salaries and commissions Delivery of pianos to customers Utilities Cost Formula $944 per month $4,810 per month, plus 5% of sales $61 per piano sold $638 per month $4,920 per month Depreciation of sales facilities Administrative: Executive salaries Insurance Clerical Depreciation of office equipment During August, Marwick's Pianos, Incorporated, sold and delivered 64 pianos. $13,534 per month $685 per month $2,492 per month, plus $39 per piano sold $945 per month Required: 1. Prepare a traditional format income statement for August. 2. Prepare a contribution format income statement for August. Show costs and revenues on both a total and a per unit basis down through contribution…
- Zachary Corporation paid one of its sales representatives $8,500 during the month of March. The rep is paid a base salary plus $11 per unit of product sold. During March, the rep sold 170 units. Required Calculate the total monthly cost of the sales representative's salary for each of the following months. Month Number of units sold i Total variable cost Total fixed cost Total salary cost $ April 210 0 $ May 120 0 $ June 220 0 $ July 130 0Swifty Corporation produces flash drives for computers, which it sells for $15 each, Each flash drive costs $9 of variable costs to make. During April, 1000 drives were sold. Fied costs for April were $1000. How much is the contribution margin ratio? O 45% O 73% O 27% O 40%Royal Lawncare Company produces and sells two packaged products—Weedban and Greengrow. Revenue and cost information relating to the products follow: Product Weedban Greengrow Selling price per unit $ 9.00 $ 37.00 Variable expenses per unit $ 3.00 $ 13.00 Traceable fixed expenses per year $ 134,000 $ 36,000 Last year the company produced and sold 45,000 units of Weedban and 17,000 units of Greengrow. Its annual common fixed expenses are $107,000. Required: Prepare a contribution format income statement segmented by product lines.
