Royal Lawncare Company produces and sells two packaged products-Weedban and Greengrow. Revenue and cost informationrelating to the products follow;Selling price per unitVariable expenses per unitTraceable fixed expenses per yearProductWeedban$9.00$ 3.10$ 135,000Greengrow$34.00$ 12.00$ 34,000Last year the company produced and sold 40,000 units of Weedban and 16,000 units of Greengrow. Its annual common fixedexpenses are $104,000.$Required:Prepare a contribution format income statement segmented by product lines.TotalCompanyProduct LineWeedban0$00Greengrow0 $0

The Contribution Margin Income Statement assists firms in determining their break-even point (the…

Answered: Royal Lawncare Company produces and…

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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Activity Rate Travel Deliveries $2 per mile driven. $ 50 per delivery $ 22 per phone call Customer service Two of the company's many customers include Customer A and Customer B. These two customers consumed the company's activities as follows: Total Expected Activity Customer A Customer B 250 5 12 Activity Cost Pool Travel (number of miles driven) Deliveries (number of deliveries) Customer service (number of phone calls) How much cost would be assigned from the Travel activity to Customer A? Multiple Choice $170 $60 $680 340 15 20
When Greenway, Inc. sells 48,300 units, Its total fixed cost is $159,390. What is its total fixed cost when it sells 49,800 units? 4 Multiple Cholce $154440 $159390 $164,340 $174.240
Scott Confectionery sells its Stack-o-Choc candy bar for $0.8. The variable cost per unit for the candy bar is $0.45; total fixed costs are $175,000. What is the contribution margin per unit for the Stack-o-Choc candy bar? (Round per unit answer to 2 decimal places, e.g. 52.75.) Contribution margin per unit $ enter contribution margin per unit amount in dollars rounded to 2 decimal places
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RDWMNE769 Corp. sells a single product. Selling price per unit $12 Variable expense per unit $2.00 Current Sales in units 16,000 RDWMNE769's current net operating income is equal to 0.31 of current sales. Q. What is RDWMNE769's fixed cost? A. $
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3. Multiple product companies Pet Park International sells cat food and dog food. Its monthly fixed costs average $620,000. Cat food sales represent 80% of the company's total revenue. Dog food sales constitute the remaining 20%. The company has provided the following information expressed on a per-case basis: Cat food Dog food. Selling Contribution Price Margin $16 $40 $30 (a) The total monthly sales revenue required to break-even is $ (Rounded) (b) The total monthly sales revenue required to earn an operating income of $135,000 is $_ (c) The company's margin of safety at a monthly sales level of $2,500,000 is $_ (d) If monthly fixed costs increase by $10,000, the break-even point, expressed in sales dollars, will increase to $
The following data are for Greasy Gary's Grubhouse: West East Sales volume (units): Hub Cap 14,000 9,000 Gas Can 6,500 18,000 Sales price per unit: Hub Cap $36 $28 Gas Can $22 $31 The variable cost of goods sold per unit Hub Cap $19 $17 Gas Can $9 $14 Variable selling and administrative per unit Hub Cap $ 5 $ 4 Gas Can $ 3 $2 (a) Complete a contribution margin by sales territory and by-product (b) Analyze the statements and comment on what can help the company in terms of profitability, product placement, and territory. List 3 pros and cons to each product and territory.
Biscayne’s Rent-A-Ride rents two models of automobiles: the standard and the deluxe. Information follows: Standard Deluxe Rental price per day $ 46.00 $ 54.00 Variable cost per day 18.50 23.20 Biscayne’s total fixed cost is $22,500.00 per month.Required:1. Determine Biscayne’s new break-even point in each of the following independent scenarios:a. Product mix is 40/60. (Do not round your intermediate calculations. Round your answer to the nearest whole number.) b. Sales price increases on both models by 15 percent. (Assume a product mix of 50/50.) (Do not round your intermediatecalculations. Round your answer to the nearest whole number.) c. Fixed costs increase by $3,800. (Assume a product mix of 50/50.) (Do not round your intermediate calculations. Round your answer to the nearest whole number.) d. Variable costs increase by 20 percent. (Assume a product mix of 50/50.) (Do not round your intermediate calculations. Round your answer to the nearest…
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Royal Lawncare Company produces and sells two packaged products-Weedban an relating to the products follow: Selling price per unit Variable expenses per unit Teaceable fixed expenses per year Product Weedban $9.00 $ 3.10 $ 135,000 Greengrow $34.00 $ 12.00 $ 34,000