Questions 7 & 8. A company produces a product w/ a per-unit costs: DM $15; DL $6; MOH $19Last year, they produced & sold 2,000 units @ $75 each. Total SG&A expense was $30,000.Question 7. Conversion cost per unit was:A. $21B. $25C. $34D. $40Question 8. Total gross margin for last year was:A. $40,000B. $70,000C. $80,000D. $88,000E. $100,000

Step 1: Introduction to cost accountingThe field of accounting known as cost accounting is utilized…

Answered: Questions 7 & 8. A company produces a…

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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Consider the following: Fixed expenses P78,000; Unit contribution margin 12;Target net profit 42,000. How many unit sales are required to earn the target net profit? A. 15,000 unitsB. 10,000 unitsC. 12,800 unitsD. 20,000 units
elearn.squ.edu.om/mod/qu ING SYSTEM (ACADEMIC) Time left 1:31:39 Mazoon Company has information on its revenue and costs is as follows: Selling price per unit $80; Variable costs per unit includes: Direct material $16, Direct manufacturing labor $8, Manufacturing overhead $8, and Selling costs $10; Annual fixed costs $96,000. What is the contribution margin percentage? O a. 70% O b. 52.5% O c. None of the given answers O d. 47.5% O e. 60% on Which of the following does not represent a cost-volume-profit analysis equation? O a. Profit = contribution margin - fixed expenses O b. Sales + fixed expenses - profit = contribution margin + sales Fir O c. Sales = total expenses + profit at of Od. Sales - fixed expenses - variable expenses = 0 O e. Contribution margin - fixed expenses - profit = 0 CLEAR MY CHOICE --T:TA TV-E/lo ENG O O 4) Ca ^ 144 144
Mazoon Company has information on its revenue and costs is as follows: Selling price per unit $80; Variable costs per unit includes: Direct material $16, Direct manufacturing labor $8, Manufacturing overhead $8, and Selling costs $10; Annual fixed costs $96,000. What is the contribution margin percentage? Finisk a. 47.5% O b. 52.5% O c. 70% ype here to search & 7. V 3 5. 8. W. R Y. G H. V M alt ctri alt 立
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Mazoon Company has information on its revenue and costs is as follows: Selling price per unit $175; Variable costs per unit includes: Direct material $60, Direct manufacturing labor $8, Manufacturing overhead $8, and Selling costs $10; Annual fixed costs $45,000. What is the contribution margin percentage? O a. 56.6% O b. 61.1% O c. None of the given answers d. 50.9% Ое. 49.1%
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be determined using the above information Mazoon Company has information on its revenue and costs is as follows: Selling price per unit $125; Variable costs per unit includes: Direct material $15, Direct manufacturing labor $10, Manufacturing overhead $5, and Selling costs $10; Annual fixed costs $78,000. What is the contribution margin percentage? O a. None of the given answers O b. 68% O c. 70% d. 32% e. 60% NEXT PAGE AGEVindows but Jail ENG G 4)
32. Purvis Company manufactures a product that has varlable cost of P50 per unit Firet costs total P1,000,000, allocated on the basis of the number of units produced. Seline price is computed by adding 10% markup'to full cost. How much should the se price be per unit for 100,000 units? Р55 а. C. P61- b. P60 d. P66 (aicpa) The next two questions are based on the following information: Ryan Company produces a single product. The cost is composed of Variable raw materials cost Variable direct labor cost Total variable cost P 75 45 Р120 Fixed annual overhead expense P450,000 It is the pricing policy of the company to set its selling price per unit based on full cost plus 10% markup, 33. If the company's selling potential is 200,000 units, the selling price per unit to be se: ups a. P122.25 b. P138.44 c. P134.84. d. P134.48 34. If the company's pricing policy is changed to 20% based on fullcostand it seiling potents is increased by 300,000 units with a corresponding increase in annual fixed…
III. NadasellsorangejuiceforOMR1.00pergallon.ThevariablecostperunitisOMR0.80,andthefixed costs per month are OMR 1,000. You are required to;A) Calculate the total costs if Nada produces 10,000 units? B)Calculate the total profit earned by Nada if they produce and sell 10,000 units?
Mazoon Company has information on its revenue and costs is as follows: Selling price per unit $70; Variable costs per unit includes: Direct material $16, Direct manufacturing labor $8, Manufacturing overhead $8, and Selling costs $10; Annual fixed costs $85,000. What is the contribution margin percentage? a. 40% b. 52.5% C. 60% d. None of the given answers e. 70%
e. $5,752.10. Company XYZ has total prime cost of $21,000 and total conversion cost of $42,000. Assume that manufacturing overhead cost is three times the direct labor cost, how much is the direct materials cost? Select one: O a. None of the given answer O b. 21,000 O c. 10,500 O d. 12,000 O e. 31,500
The selling price of lumber at Home Depot is $3,260, percent markup on cost is 25%. Calculate the actual cost. (Round your answer to the nearest cent.) Actual cost %24 < Prev 2 of 16 E Next

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