Can you help me solve this general accounting question using valid accounting techniques? Silver line Furnishings provided the following data regarding its cost ofsales:MonthUnits Sold Cost of SalesJune500$40,000July1,000$48,000August 1,500$58,000September 2,000$68,000What is the estimated variable cost per unit sold using the high-lowmethod?

Step 1: Definition of High-Low MethodThe High-Low Method is a cost estimation technique used in…

Answered: Silver line Furnishings provided the…

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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Crane Manufacturing Ltd. has provided you with the following CVP income statement. Sales (1,460 units) Variable costs: Cost of goods sold Selling expenses Administrative expenses Contribution margin Fixed costs: Cost of goods sold Selling expenses Administrative expenses Operating income $1,022,000 454,060 81,760 67,160 419, 20 153,300 52,560 33,580 $179,580 a. Calculate the contribution margin ratio. b. Calculate the break-even point in sales dollars and number of units.
The following information is available for Bramble Corp.: Sales Cost of goods sold $520000 0 0 0 0 300000 Total fixed expenses A CVP income statement would report contribution gross profit of $220000. contribution gross profit of $260000. Total variable expenses margin of $260000. margin of $370000. $150000 260000
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HWGMOF373 Corp has the following data: Unit selling price Unit variable expenses (ID#72095) Total fixed expenses Actual sales in June $200 $190 $300,000 39,881 units Q.) What was HWGMOF373's margin of safety in dollars for June? A.) 24
Lamp Company has the following cost-volume-profit (CVP) data: Breakeven point, in units 3,000 Selling price per unit $ 600 Total fixed costs $ 124,000 What is the variable cost per unit (rounded to two decimal places)?
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JPL, Incorporated has provided its sales and expense data for the most recent period. The Controller has asked you prepare a spreadsheet that shows the related CVP Analysis computations. Given the following information complete a CVP analysis for JPL, Incorporated: Unit sales Selling price per unit Variable expenses per unit Fixed expenses 11,200 units $ 75 per unit $45 per unit $ 210,000 Required: Use the data to answer the following. 1. Compute the CM ratio and variable expense ratio. 2. Compute the break-even sales. 3. Compute the margin of safety. 4. Compute the degree of operating leverage.
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The following information is available for Concord Corporation: Total fixed $150000 expenses == Total variable. 320000 expenses Sales Cost of goods sold $570000 370000 A CVP income statement would report O gross profit of $250000, contribution margin of $420000. Ogross profit of $200000. O contribution margin of $250000.
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Silver line Furnishings provided the following data regarding its cost of sales: Month Units Sold Cost of Sales June 500 $40,000 July 1,000 $48,000 August 1,500 $58,000 September 2,000 $68,000 What is the estimated variable cost per unit sold using the high-low method?