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Raleigh Company produces and sells a single product. The company would like to budget its net operating income (NOI) for the coming year assuming an increase in unit sales but with price, variable cost per unit, and total fixed cost remaining the same. For the past year, the company reported the following results: Sales 24 548,000 Margin of safety Fixed cost 24 228,000 24 204,800 18 If the company expects a 25% increase in unit sales, its NOI for the coming period would be closest to: $ 137,000 $ 410,498 $ 233,600 $ 438,400 E. None of the above A. В. С. D.

Raleigh Company produces and sells a single product. The company would like to budget its net operating income (NOI) for the coming year assuming an increase in unit sales but with price, variable cost per unit, and total fixed cost remaining the same. For the past year, the company reported the following results: Sales 24 548,000 Margin of safety Fixed cost 24 228,000 24 204,800 18 If the company expects a 25% increase in unit sales, its NOI for the coming period would be closest to: $ 137,000 $ 410,498 $ 233,600 $ 438,400 E. None of the above A. В. С. D.

FINANCIAL ACCOUNTING
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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Please I want to learn how to make these problems with a good explanation. One of  those there is the possible answer.

I NEED ONLY QUESTION 18

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Lansing Company started its operation on July 1 with no beginning inventories. It started two jobs during July-Job P and Job Q. Job P was completed and sold by the end of July. Job Q was completed but was not sold by the end of July. The company uses a plant-wide predetermined overhead rate based on direct labor-hours (DLHS) and applies MOH costs based on the actual DLHs. The following additional information is available for the company as a whole and for Jobs P and Q (all data and questions relate to the month of July): Estimated total fixed manufacturing overhead (MOH) Estimated variable manufacturing overhead cost per DLH $ 1.40 Total actual manufacturing overhead costs incurred $ 170,000 Job P Job Q Direct materials $ 17,500 $ 43,200 24 9,300 Direct labor cost 2$ 11,700 Estimated DLHS 2,700 630 Actual DLHS worked 2,400 650 $0 The ending inventory balance of Work-in-process: The ending inventory balance Finished Goods Inventory: $24,380 17 What was the estimated total FIXED MOH? $ 17,316 B. $ 12,654 А. $ 12,540 $ 11,590 С. D. E. None of the above Raleigh Company produces and sells a single product. The company would like to budget its net operating income (NOI) for the coming year assuming an increase in unit sales but with price, variable cost per unit, and total fixed cost remaining the same. For the past year, the company reported the following results: Sales Margin of safety Fixed cost $ 548,000 228,000 %24 24 204,800 18 If the company expects a 25% increase in unit sales, its NOI for the coming period would be closest to: $ 137,000 $ 410,498 $ 233,600 $ 438,400 A. В. C. D. E. None of the above
Transcribed Image Text:Lansing Company started its operation on July 1 with no beginning inventories. It started two jobs during July-Job P and Job Q. Job P was completed and sold by the end of July. Job Q was completed but was not sold by the end of July. The company uses a plant-wide predetermined overhead rate based on direct labor-hours (DLHS) and applies MOH costs based on the actual DLHs. The following additional information is available for the company as a whole and for Jobs P and Q (all data and questions relate to the month of July): Estimated total fixed manufacturing overhead (MOH) Estimated variable manufacturing overhead cost per DLH $ 1.40 Total actual manufacturing overhead costs incurred $ 170,000 Job P Job Q Direct materials $ 17,500 $ 43,200 24 9,300 Direct labor cost 2$ 11,700 Estimated DLHS 2,700 630 Actual DLHS worked 2,400 650 $0 The ending inventory balance of Work-in-process: The ending inventory balance Finished Goods Inventory: $24,380 17 What was the estimated total FIXED MOH? $ 17,316 B. $ 12,654 А. $ 12,540 $ 11,590 С. D. E. None of the above Raleigh Company produces and sells a single product. The company would like to budget its net operating income (NOI) for the coming year assuming an increase in unit sales but with price, variable cost per unit, and total fixed cost remaining the same. For the past year, the company reported the following results: Sales Margin of safety Fixed cost $ 548,000 228,000 %24 24 204,800 18 If the company expects a 25% increase in unit sales, its NOI for the coming period would be closest to: $ 137,000 $ 410,498 $ 233,600 $ 438,400 A. В. C. D. E. None of the above
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