Solve it ASAP Note: Account Please refer the following data:SalesVariable cost of goods soldDirect fixed overheadLeather jacketsSuede jackets4,50,0005,42,0001,34,0002,13,00029,00038,000A sales commission of 2% of sales is paid for each of thetwo product lines. Direct fixed selling and administrativeexpense was estimated to be $32,000 for the leather jacketsand $66,000 for the suede jackets. Common fixed overheadfor the factory was estimated to be $83,000 and commonselling and administrative expense was estimated to be$14,000.Prepare a segmented income statement for Mario Co. forthe coming year, using variable costing.

Step 1: Organize the data providedSalesLeather jackets: $450,000Suede jackets: $542,000Variable…

Answered: Please refer the following data: Sales…

Managerial Accounting

15th Edition

ISBN:9781337912020

Author:Carl Warren, Ph.d. Cma William B. Tayler

Publisher:Carl Warren, Ph.d. Cma William B. Tayler

Chapter11: Differential Analysis And Product Pricing

Section: Chapter Questions

Problem 16E

See similar textbooks

Similar questions

The following data are for Moss Creek Apparel: East West Sales volume (units): Product XX 6,500 6,800 Product YY 3,000 5,000 Sales price: Product XX $17 $16 Product YY $22 $23 Variable cost per unit: Product XX $10 $10 Product YY $13 $13 a. Determine the contribution margin for Product YY. $ b. Determine the contribution margin for the West Region.
Morwenna, Inc. reports the following information for August: Sales Revenue Variable Cost of Goods Sold Fixed Cost of Goods Sold Variable Selling and Administrative Costs Fixed Selling and Administrative Costs $900,000 150,000 60,000 100,000 60,000 Calculate the operating income for August using absorption costing. OA. $1,060,000 O B. $370,000 OC. $530,000 D. $250,000
Brush Industries reports the following information for May: Sales Fixed cost of goods sold $9,30,000 $ 1,06,000 Variable cost of goods sold $ 2,56,000 Fixed selling and administrative costs $ 1,06,000 Variable selling and administrative costs $ 1,31,000 Calculate the gross margin for May under absorption costing. a. $674,000 b. $343,000 c. $555,000 d. $568,000
Lillibridge & Friends, Incorporated provides you with the following data for its single product: Sales price per unit Fixed costs (per quarter): Selling, general, and administrative (SG&A) Manufacturing overhead Variable costs (per unit): Direct labor Direct materials Manufacturing overhead SG&A Number of units produced per quarter Required: $ 60 1,500,000 4,500,000 9 12 10 6 500,000 units Compute the amounts for each of the following assuming that the production levels are within the relevant range if the number of units is 500,000 per quarter. Also calculate if the number of units increases to 600,000 per quarter. Note: Do not round intermediate calculations. Round your answers to 2 decimal places. a. Prime cost per unit b. Contribution margin per unit c. Gross margin per unit d. Conversion cost per unit e. Variable cost per unit f. Full absorption cost per unit g. Variable production cost per unit h. Full cost per unit 500,000 units 600,000 units
[The following information applies to the questions displayed below. Ramort Company reports the following for its single product. Ramort produced and sold 21,600 units this year. Direct materials Direct labor Variable overhead Fixed overhead Variable selling and administrative expenses Fixed selling and administrative expenses Sales price Compute gross profit under absorption costing. RAMORT COMPANY Gross Profit (Absorption Costing) Sales Cost of goods sold Gross profit $ 1,814,400 21,600
Shown below is a segmented income statement for Orzo Company's three laminated flooring product lines: Line Item Description Strip Plank Parquet Total Sales revenue $400,000 $200,000 $300,000 $900,000 Less: Variable expenses 225,000 120,000 250,000 595,000 Contribution margin $175,000 $ 80,000 $ 50,000 $305,000 Less direct fixed expenses: Machine rent 5,000 20,000 42,000 67,000 Supervision 15,000 10,000 20,000 45,000 Depreciation 35,000 10,000 25,000 70,000 Segment margin $120,000 $ 40,000 $ (37,000) $123,000 Orzo's management is deciding whether to keep or drop the parquet product line. Orzo's parquet flooring product line has a contribution margin of $50,000 (sales of $300,000 less total variable costs of $250,000). All variable costs are relevant. Relevant fixed costs associated with this line include $42,000 in machine rent and $5,000 in supervision salaries. 1) Which alternative is more cost effective and by how much?____
Philadelphia Company has the following information for March: Line Item Description Amount Sales $452,028 Variable cost of goods sold 201,145 Fixed manufacturing costs 78,853 Variable selling and administrative expenses 53,507 Fixed selling and administrative expenses 33,879 Determine the March: Line Item Description Amount a. Manufacturing margin $fill in the blank 1 b. Contribution margin $fill in the blank 2 c. Operating income for Philadelphia Company $fill in the blank 3
Use the information below to answer the following question(s). Franscioso Company sells several products. Information of average revenue and costs is as follows: Selling price per unit $28.50 Variable costs per unit: Direct material $5.25 Direct manufacturing labour $1.15 Manufacturing overhead $0.25 Selling costs $1.85 Annual fixed costs $110,000 The Franscioso Company contribution margin ratio is O A. 0.702:1. O B. 1.425:1. O C. 0.298:1. O D. 1.102:1. O E. 0.637:1.
Circetrax, Inc. has provided the following financial information for the year: Finished Goods Inventory: Beginning balance, in units Units produced Units sold Ending balance, in units Production costs: Variable manufacturing costs per unit Total fixed manufacturing costs What is the unit product cost for the year using absorption costing? OA. $117 630 1,400 1,500 530 $50 $42,000 W
Philadelphia Company has the following information for March: $476,824 212,488 78,357 49,816 38,848 Sales Variable cost of goods sold Fixed manufacturing costs Variable selling and administrative expenses Fixed selling and administrating expenses Determine the March: a. Manufacturing margin b. Contribution margin c. Operating income for Philadelphia Company 000
FamaNyame Company has three divisions : Ess,Wae, and Zee. Division Ess' income statement shows the following for the year ended December 31 Sales-GHC1500000; Cost of goods sold - GHC1125000; Selling expenses- GHC125000, and administrative expenses- GHC 350000. Cost of goods sold is 80 per cent variable and 20 per cent fixed. Of the fixed costs, 50 per cent are avoidable if the division is closed. All the selling expenses relate to the division and would be eliminated if Division Ess were eliminated. Of the administrative costs, 85 per cent are applied from corporate expenses. If Division Ess were eliminated, FamaNyame's income would
Communication codes of our products are TEL1 and TEL2. Their sale prices are respectively 200$ and 500$. The yearly capacity of the business is 60.000 units TEL1 and 30.000 units TEL2. Fixed costs are 11.934.000$ and are uploaded to goods according to their revenues. Variable costs are as follows: TEL1 TEL2 Direct Material30 $140 $Direct Labor20 $110 $Variable MO.10 $ 75 Sa) Compute the sale mix breakeven point and the sale quantity of each good at the breakeven point.b) Compute the the profit at the budgeted sale quantity.c) To get 9.945.000$ profit, compute the sale prices of each good.

SEE MORE QUESTIONS

Recommended textbooks for you

Managerial Accounting

Accounting

ISBN:

9781337912020

Author:

Carl Warren, Ph.d. Cma William B. Tayler

Publisher:

South-Western College Pub

Managerial Accounting

Accounting

ISBN:

9781337912020

Author:

Carl Warren, Ph.d. Cma William B. Tayler

Publisher:

South-Western College Pub

SEE MORE TEXTBOOKS