5:22 PM ě ě2.3KB/s ill4G+8602:37:53 RemainingFill in the BlankHow much peso sales must begenerated to earn before tax profitof P203 , 450 ?1 attachmental mouse for computers. Each mouse sells for P25:mouse are as follows:P6.003.000.802.20P12.00ensesoverheadP589,550Edmodo: Download completed8 of 20 4G+5:22 PM ě3.5KB/s L ll86210917889_1941065336049...Speedy Mouse Inc, makes a special mouse for computers. Each mouse sells for P25 and annual production and salesare 120,000 units. Costs for each mouse are as follows:Direct materialP6.003.00Direct laborVariable overheadVariable selling expensesTotal variable cost0.802.20P12.00Total fixed overheadP589,550II

Contribution per unit=Sale per unit-Total Variable cost=P 25-P 12=P 13

Speedy Mouse Inc, makes a special mouse for computers. Each mouse sells for P25 and annual production and sales are 120,000 units. Costs for each mouse are as follows: Direct material Direct labor Variable overhead Variable selling expenses Total variable cost P6.00 3.00 0.80 2.20 P12.00 Total fixed overhead P589,550

Speedy Mouse Inc, makes a special mouse for computers. Each mouse sells for P25 and annual production and sales are 120,000 units. Costs for each mouse are as follows: Direct material Direct labor Variable overhead Variable selling expenses Total variable cost P6.00 3.00 0.80 2.20 P12.00 Total fixed overhead P589,550

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter5: Process Costing

Section: Chapter Questions

Problem 8MC: What is the conversion cost to manufacture insulated travel cups if the costs are: direct materials,...

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Speedy Mouse Inc. makes a special mouse for computers. Each mouse sells for $25 and annual production and sales are 120,000 units. Costs for each mouse are as follows: Direct material $ 6.00 Direct labor 3.00 Variable overhead 0.80 Variable selling expenses 2.20 Total variable cost $12.00 Total fixed overhead $589,550 a. Calculate the unit contribution margin in dollars and the contribution margin ratio for the product. b. Determine the break-even point in number of mice. c. Calculate the dollar break-even point using the contribution margin ratio. d. Determine Speedy Mouse Inc.’s margin of safety in units, in sales dollars, and as a percentage. e. Compute Speedy Mouse Inc.’s degree of operating leverage. If sales increase by 25 percent, by what percentage would before-tax income increase? f. How many mice must the company sell if it desires to earn $996,450 in before-tax profits? g. If Speedy Mouse Inc. wants to earn $657,800 after tax and is subject to a 20 percent tax rate, how many…
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