Lillibridge & Friends, Incorporated provides you with the following data for its single product:Sales price per unitFixed costs (per quarter):Selling, general, and administrative (SG&A)Manufacturing overheadVariable costs (per unit):Direct laborDirect materialsManufacturing overheadSG&ANumber of units produced per quartera. Prime cost per unitb. Contribution margin per unitc. Gross margin per unitd. Conversion cost per unite. Variable cost per unitRequired:Compute the amounts for each of the following assuming that the production levels are within the relevant range if the number of unitsis 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.f. Full absorption cost per unitg. Variable production cost per unith. Full cost per unit$ 1401,500,0004,500,000$17201814500,000 units500,000 units 600,000 units37.00 $$37.0055.00 $55.00

Prime Cost = Direct material + direct labourContribution margin = selling price - variable…

Answered: Required: Compute the amounts for each…

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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Management believes it can sell a new product for $9.00. The fixed costs of production are estimated to be $7,000, and the variable costs are $3.40 a unit. Complete the following table at the given levels of output and the relationships between quantity and fixed costs, quantity and variable costs, and quantity and total costs. Round your answers to the nearest dollar. Enter zero if necessary. Use a minus sign to enter losses, if any. Quantity Total Revenue Variable Costs Fixed Costs Total Costs Profits (Losses) 0 $ $ $ $ $ 500 $ $ $ $ $ 1,000 $ $ $ $ $ 1,500 $ $ $ $ $ 2,000 $ $ $ $ $ 2,500 $ $ $ $ $ 3,000 $ $ $ $ $ Determine the break-even level using the above table and use the Exhibit 19.5 to confirm the break-even level of output. Round your answers for the break-even level to the nearest whole number. Round your answers for the fixed costs, variable costs, total costs,…
Required:1. Compute the contribution margin per unit from (a) using the new material and (b) using the new material and increasing the selling price. (Round your answers to 2 decimal places.) All of the empty spaces needs numbers, please use the same format at the photos
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a. What is the traditional unit product cost for the deluxe model now? (round your intermediate calculations and final answer to 2 decimal places.) b. What is the traditional unit product cost for the tourist model? (Round your intermediate calculations and final answer to 2 deimal places) c. What is the ABC unit product cost for the deluxe model now? (Round your intermediate calculations and final answer to 2 decimal places.) d. What is the ABC product cost for the tourist model? (Round your intermediate calculations and final answer to 2 decimal places.)
The following information is available regarding the total repair costs of Alexander Design Company for six months of 2022: Units Produced Repair Cost January 1,500 $15,875 February 1,750 $16,500 March 1,000 $11,250 April 1,250 $15,250 May 1,875 $17,750 June 2,250 $20,250 Using the least-square regression analysis on Excel, construct a cost formula. Run a regression analysis on the data above and provide your response to the following three questions. Round decimals to the nearest tenth (i.e, two decimal points). (1) Provide the regression output and construct a cost model. (2) According to the cost model, what is the estimated total fixed cost? (3) According to the cost model, what is the estimated variable cost per unit?
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If Toyota Motor Company receives an order on May 1, begins production on May 19, and ships the order on May 24 immediately following production, then what is the manufacturing cycle efficiency (MCE) ratio? (Enter your answer as a whole number.) Manufacturing cycle efficiency (MCE)atio %
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Cycle Time and Velocity Norton Company has the following data for one of its production departments: Theoretical velocity: 760 units per hour Productive minutes available per year: 32,000,000 Annual conversion costs: $192,000,000 Actual velocity: 304 units per hour Required: 1. Calculate the actual conversion cost per unit using actual cycle time and the standard cost per minute. Round your actual cycle time answer to three decimal places and your cost per unit answer to the nearest cent. Actual cycle time fill in the blank minutes per unit Standard cost per minute $fill in the blank per minute Conversion cost per unit $fill in the blank per unit 2. Calculate the ideal conversion cost per unit using theoretical cycle time and the standard cost per minute. If required, round your intermediate calculations and final answers to two decimal places. Theoretical cycle time fill in the blank minutes per unit Conversion cost per unit $fill in the blank per unit
Carla Vista Company bottles and distributes B-Lite, a diet soft drink. The beverage is sold for 50 cents per 16-ounce bottle to retailers. For the year 2022, management estimates the following revenues and costs. Sales Direct materials Direct labor Manufacturing overhead-variable Manufacturing overhead-fixed $2,000,000 550,000 400,000 420,000 190.000 Selling expenses-variable Selling expenses-fixed Administrative expenses-variable Administrative expenses-fixed $109,000 58,000 21,000 52.000
If the unit selling price is $51 and the variable cost per unit is $25 and the total fixed costs are $38,878, what is the break even point in dollars? Round the contribution margin ratio to at least seven decimal places for your calculation. Round only your final answer to the nearest one dollar and do not type the dollar sign.

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