Sony Company incurred a fixed cost of RO 3200 for manufacturing Television. The cost of raw material is 24 RO per unit, cost of labour is RO 8 and the cost of overhead is RO 3 per unit. Sony sells 2000 Televisions. What is the total variable cost?
Q: A company's normal capacity is 10,000 units and at this level variable cost per unit is Rs. 75 and…
A: Variable cost is the cost that changes with change in the activity of cost driver used. The variable…
Q: Best Birdies produces ornate birdcages. The company's average cost per unit is $18 when it…
A: Variable cost and Fixed cost: When the demand is at its peak, variable costs would also increase…
Q: Determine the markup percentage on total cost. 1%
A: Cost-Plus is a method of product pricing, under which price of the product is decided by adding the…
Q: Nala Nala Corporation sells its product for $195.70 per unit. In 2015 the company had total sales in…
A: Contribution margin is the amount by which a product's sales exceed its variable cost. It is the net…
Q: A company produces and sells a single product whose variable cost is $6 per unit. Fixed costs have…
A: We have the following information: Variable Cost: $6 per unit Fixed Cost: $2 per unit with normal…
Q: Bradley Company manufactures a single product that sells for $360 per unit and whose variable costs…
A: The objective of the question is to calculate the contribution margin ratio for Bradley Company. The…
Q: Therapeutic Systems sells its products for $8 per unit. It has the following costs: Rent $120,000…
A: Rent = $120,000 Factory labor = $1.5 per unit Executives under contract = $112,000 Raw material =…
Q: wrt disk company sells its disk for $107 per unit. total fixed cost are $197000 and variable costs…
A: Contribution margin is the sales revenue which is over and above variable costs of the business.…
Q: Bright Force Inc. produces and sells lightning fixtures. An entry light has a total cost of $90 per…
A: Mark up % is % of Mark up over product cost
Q: Molly Company sells 38,000 units at $36 per unit. Variable costs are $27.36 per unit, and fixed…
A: Fixed cost is the cost does not change with the change in the units manufactured, while variable…
Q: Rios Company makes drones and uses the variable cost method in setting product price. Its costs for…
A: Cost volume profit analysis is the technique used by management for decision-making. The methods…
Q: lmstead Company has fixed costs of $795,760. The unit selling price, variable cost per unit, and…
A: Break-even point is defined as the volume of production where the total cost is equal to the total…
Q: If variable manufacturing costs are $19 per unit and total fixed manufacturing costs are $220,000,…
A: Manufacturing cost per unit (absorption costing) = Variable manufacturing costs + (total fixed…
Q: A company produces a product with variable costs of $2.50 per unit. The product sells for $5.00 per…
A: Answer - Sales Level to achieve the desired Target income = (Fixed Cost + Targeted Income) /…
Q: Vaughn, Inc. currently manufactures a wicket as its main product. Costs per unit are as follows:…
A: MAKE OR BUY DECISIONThe make-or-buy decision is choosing between manufacturing a product within a…
Q: Blanchard Company manufactures a single product that sells for $175 per unit and whose total…
A: Selling price per unit =$175 Variable cost per unit=$140 Annual fixed cost=$514,500 Contribution…
Q: o, Inc., which uses a volume-based cost system, produces cat condos, and has a gross profit margin…
A: The direct costs of producing the goods sold by a company are referred to as the cost of goods sold…
Q: Event Company produces a single product with the following characteristics: price per unit, $30.00;…
A: Sales required to earn desired or target profit is calculated by dividing the sum of total fixed…
Q: on (d) t- ntity (g cer repc
A: you have posted a question with multiple sub-parts, we will solve first three sub-parts for you. To…
Q: If variable manufacturing costs are $8 per unit and total fixed manufacturing costs are $185,000,…
A: Absorption costing method is a method of costing in which product cost is calculated by adding…
Q: Lincoln, Inc., which uses a volume-based cost system, produces cat condos that sell for $100 each.…
A: Direct costs are the expenses that are directly used for the production of goods and services for…
Q: Night Shades Inc. (NSI) manufactures biotech sunglasses. The variable materials cost is $1.89 per…
A: Variable Material Cost per unit = $ 1.89 Variable Labor Cost per unit = $ 3.40
Q: Perry Company’s break-even point is 12,000 units. Its product sells for $25 and has a $10 variable…
A: The question is multiple choice question Required Choose the Correct Option.
Q: Largo, Inc., which uses a volume-based cost system, produces cat condos, and has a gross profit…
A: Manufacturing cost refers to product cost or cost which is incurred for the production of goods.…
Q: Zeus, Incorporated produces a product that has a variable cost of $9 per unit. The company's fixed…
A: Volume of sales in units required to achieve the target profit means the number of units to be sold…
Q: $ 300,000 b. 25,000 units are manufactured and the company uses the variable costing concept? c.…
A: Under absorption costing, fixed manufacturing overhead is treated as product cost. Under variable…
Q: Suppose that Patron Company sells a product for $24. Unit costs are as follows: Direct materials…
A: 1. Variable Cost per Unit: The cost that varies with the level of production for each unit.2.…
Q: Voice Com, Inc. uses the product cost method of applying the cost-plus approach to product pricing.…
A: MARKUP PERCENTAGE Markup Percentage is Computed :— = (Profit ÷ Cost) * 100 Markup percentage is a…
Q: Shock Electronics sells portable heaters for $49 per unit, and the variable cost to produce them is…
A: The break-even point refers to the production level where the revenue from the sales just covers the…
Q: If variable manufacturing costs are $13 per unit and total fixed manufacturing costs are $245,100,…
A: Fixed manufacturing costs per unit = total fixed manufacturing costs / No. of units manufactured
Q: Cox Electric makes electronic components and has estimated the following for a new design of one of…
A: Break even point is the level of sales at which the firm's operating profit is zero. In other words,…
Q: Jamison Company uses the total cost method of applying the cost-plus approach to product pricing.…
A: when the goods are produced by the company it in needed to be sold by the company above the cost…
Q: Zoro, Inc. produces a product that has a variable cost of $6.00 per unit. The company’s fixed costs…
A: Given: Variable cost per unit = $ 6 Fixed costs = $ 30,000 Cost of product sold = $ 10 Estimated…
Q: The following costs related to Lillian Company: Variable Costs per unit: Direct materials…
A: The company's total cost would be equal to total variable cost and total fixed cost.
Q: Crescent Lighting Inc. produces and sells lighting fixtures. An entry light has a total cost of $66…
A: Total cost means the amount incurred to produce a product. It can be variable or fixed cost. Total…
Q: Ferrante Company sells 24,000 units at $22 per unit. Variable costs are $12.54 per unit, and fixed…
A: Contribution margin = Selling price - Unit Variable cost Contribution margin ratio = Contribution…
Q: t labor ead mg, general and administrative Fixed Costs (total) ead ng, general and administrative…
A: Total Variable cost is the variable cost per unit into the total number of units producedTotal…
Q: Rooney Corporation sells products for $38 each that have variable costs of $17 per unit. Rooney's…
A: Contribution means the difference between the selling price and variable cost. Break even point…
Q: Cox Electric makes electronic components and has estimated the following for a new design of one of…
A: Answer:- Profit model:- A profit model will take into account all expenses and income related to a…
Q: Bluegill Company sells 8,900 units at $320 per unit. Fixed costs are $142,400, and income from…
A: Contribution margin statement: Sales XXXLess: Variable expenses…
Trending now
This is a popular solution!
Step by step
Solved in 2 steps
- Cox Electric makes electronic components and has estimated the following for a new design of one of its products. Fixed cost = $12,350 • Material cost per unit = $0.16 •Labor cost per unit = $0.12 •Revenue per unit = $0.66 Note that fixed cost is incurred regardless of the amount produced. Per-unit material and labor cost together make up the variable cost per unit. Assuming that Cox Electric sells all that it produces, profit is calculated by subtracting the fixed cost and total variable cost from total revenue. Construct an appropriate spreadsheet model to find the profit based on a given production level and use the spreadsheet model to answer these questions. (a) Construct a one-way data table with production volume as the column input and profit as the output. Breakeven occurs when profit goes from a negative to a positive value; that is, breakeven is when total revenue = the total cost, yielding a profit of zero. Vary production volume from 0 to 100,000 in increments of 10,000.…Phone, Inc., uses the product cost method of applying the cost-plus approach to product pricing. The costs of producing and selling 5,490 units of cell phones are as follows: Variable costs: Fixed costs: Direct materials $90 per unit Factory overhead $201,800 Direct labor 39 Selling and admin. exp. 69,700 Factory overhead 22 Selling and admin. exp. 19 Total variable cost per unit $170 per unit Phone desires a profit equal to a 14% rate of return on invested assets of $598,700. Determine the amount of desired profit from the production and sale of 5,490 units of cell phones. $____ Determine the product cost per unit for the production of 5,490 of cell phones. If required, round your answer to nearest dollar. $______ per unit Determine the product cost markup percentage (rounded to two decimal places) for cell phones. _______…A company's product sells at $12.26 per unit and has a $5.39 per unit variable cost. The company's total fixed costs are $96,700. The contribution margin per unit is:
- Steven Company has fixed costs of $160,000. The unit selling price, variable cost per unit, and contribution margin per unit for the company’s two products are provided below. Product Selling Price per Unit Variable Cost per Unit Contribution Margin per Unit X $180 $80 $100 Y 100 50 50 The sales mix for Products X and Y is 55% and 45%, respectively. Determine the break-even point in units of X and Y.Value Electronics uses a standard part in the manufacture of different types of radios. The total cost of producing 32,000 parts is $90,000, which includes fixed costs of $30,000 and variable costs of $60,000. The company can buy this part from an external supplier for $5 per unit and avoid 10% of the fixed costs. If Value Electronics decides to outsource the production of the part, how will it impact its operating income? A. Operating income increases by $97,000. B. Operating income decreases by $100,000. C. Operating income decreases by $97,000. D. Operating income increases by $100,000.Wren Co. manufactures and sells two products with selling prices and variable costs as follows: A) selling price $18.00, variable costs $12.00, and B) selling price $22.00, variable costs $14.00. Wren's total annual fixed costs are $38,400. Wren sells four units of A for every unit of B. If operating income was $28,800 what was the number of units Wren sold?
- Werner Company produces and sells disposable foil baking pans to retailers for $2.65 per pan. The variable cost per pan is as follows: Direct materials Direct labor Variable factory overhead Variable selling expense Fixed manufacturing cost totals $143,704 per year. Administrative cost (all fixed) totals $19,596. Required: $0.27 0.51 0.69 0.18 Compute the number of pans that must be sold for Werner to break even. pans Conceptual Connection: What is the unit variable cost? What is the unit variable manufacturing cost? Round your answers to the nearest cent. Unit variable cost Unit variable manufacturing cost Which is used in cost-volume-profit analysis? Unit variable cost ✓ How many pans must be sold for Werner to earn operating income of $7,000? pans How much sales revenue must Werner have to earn operating income of $7,000?Cox Electric makes electronic components and has estimated the following for a new design of one of its products. . Fixed cost $27,000 Material cost per unit - $0.17 Labor cost per unit $0.11 Revenue per unit = $0.68 Note that fixed cost is incurred regardless of the amount produced. Per-unit material and labor cost together make up the variable cost per unit. Assuming that Cox Electric sells all that it produces, profit is calculated by subtracting the fixed cost and total variable cost from total revenue. Construct an appropriate spreadsheet model to find the profit based on a given production level and use the spreadsheet model to answer these questions, (a) Construct a one-way data table with production volume as the column input and profit as the output. Breakeven occurs when profit goes from a negative to a positive value; that is, breakeven is when total revenue the total cost, yielding a profit of zero. Vary production volume from 0 to 100,000 in increments of 10,000. In which…Sheridan, Inc. currently manufactures a wicket as its main product. Costs per unit are as follows: Direct materials and direct labor $11 Variable overhead Fixed overhead Total 7 9 $27 Saran Company has contacted Sheridan with an offer to sell it 5400 wickets for $21 each. Of Sheridan's $9 per unit fixed cost, $5 per unit is unavoidable. Should Sheridan make or buy the wickets and why? O Make because the cost savings is $16200 O Make because the cost savings is $5400 O Buy because the cost savings is $10800 O Buy because the cost savings is $5400
- Snower Corporation sells product G for $150 per unit, the variable cost per unit is $105, and the fixed costs are $720,000. What is the sales (in dollars) required to realize operating income of $40,000?Cox Electric makes electronic components and has estimated the following for a new design of one of its products. Fixed cost = $23,750 • Material cost per unit = $0.17 • Labor cost per unit = $0.11 • Revenue per unit = $0.66 Note that fixed cost is incurred regardless of the amount produced. Per-unit material and labor cost together make up the variable cost per unit. Assuming that Cox Electric sells all that it produces, profit is calculated by subtracting the fixed cost and total variable cost from total revenue. Construct an appropriate spreadsheet model to find the profit based on a given production level and use the spreadsheet model to answer these questions. (a) Construct a one-way data table with production volume as the column input and profit as the output. Breakeven occurs when profit goes from a negative to a positive value; that is, breakeven is when total revenue = the total cost, yielding a profit of zero. Vary production volume from 0 to 100,000 in increments of 10,000.…Wok of Fame, Inc., makes and sells woks at a price of $5.00 per unit. Variable cost is $3.00 per unit. The company's total fixed costs are $52,500. How much must total sales be if Wok of Fame wants to earn an operating income of $17,500? $100,000 $70,000 $175,000 $17,500 $26,250