Student workpoint 3.7Be knowledgeableThe following information was provided by David, a candle producer,based on his monthly production and sales.Table 3.3.1Quantity Price per Revenue FixedVariableTotalProfit/of candle candlefromcostscostscosts(Loss)(USS)box sold [Total] [Total)(US$S)(USS)boxesboxcandle(USS)sold(USS)(USS)$102,0002,000(2,000)200$102,0002,0001,2003,200400$104,0002,0002,4004,400600$106,0002,0003,6005,6000081,000$108,0002,0004,8006,8001200$1010 0002,0006,0008,0001,200s1012 0002,0007,2009,200Referrring to Table 3.3.1, answer the questions below.1. Complete the profit/(loss) column.2. Calculate the variable cost per candle box.3. Draw a break-even graph using the information in the table andshow the break-even quantity on your graph.4. Show on the graph the margin of safety at 1,200 candle boxes sold.

Student workpoint 3.7 Be knowledgeable The following information was provided by David, a candle producer, based on his monthly production and sales. Table 3.3.1 Quantity Price per Revenue Fixed of candle candle from bоxes Variable Total Profit/ costs costs costs (Loss) (uSs) (USs) (USS) box candle (USS) box sold [Total] [Total] (USS) sold (USS) $10 2,000 2,000 (2,000) 200 $10 2,000 2,000 1,200 3,200 400 $10 4,000 2,000 2,400 4,400 600 $10 6,000 2,000 3,600 5,600 800 $10 8,000 2,000 4,800 6,800 1200 1,000 $10 10 000 2,000 6,000 8,000 1,200 s10 12 000 2,000 7,200 9,200 Referring to Table 3.3.1, answer the questions below. 1. Complete the profit/(loss) column. 2. Calculate the variable cost per candle box. 3. Draw a break-even graph using the information in the table and show the break-even quantity on your graph. 4. Show on the graph the margin of safety at 1,200 candle boxes sold.

Student workpoint 3.7 Be knowledgeable The following information was provided by David, a candle producer, based on his monthly production and sales. Table 3.3.1 Quantity Price per Revenue Fixed of candle candle from bоxes Variable Total Profit/ costs costs costs (Loss) (uSs) (USs) (USS) box candle (USS) box sold [Total] [Total] (USS) sold (USS) $10 2,000 2,000 (2,000) 200 $10 2,000 2,000 1,200 3,200 400 $10 4,000 2,000 2,400 4,400 600 $10 6,000 2,000 3,600 5,600 800 $10 8,000 2,000 4,800 6,800 1200 1,000 $10 10 000 2,000 6,000 8,000 1,200 s10 12 000 2,000 7,200 9,200 Referring to Table 3.3.1, answer the questions below. 1. Complete the profit/(loss) column. 2. Calculate the variable cost per candle box. 3. Draw a break-even graph using the information in the table and show the break-even quantity on your graph. 4. Show on the graph the margin of safety at 1,200 candle boxes sold.

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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e| MyUSF A My Home CengageNOWv2|Online teachir x engagenow.com/ilm/takeAssignment/takeAssignmentMain.do?invoker-&takeAssignmentSessionLocator=&inpro. to Product J is one of the many products manufactured and sold by Oceanside Company. An income statement by product line for the past year indicated a net profit for Product J of $2,750. This net profit resulted from sales of $275,000, cost of goods sold of $186,500, and operating expenses of $85,750. It is estimated that 30% of the cost of goods sold represents fixed factory overhead costs and that 40% of the operating expense is fixed. If Product J is retained, the revenue, costs, and expenses are not expected to change significantly from those of the current year. Because of the large number of products manufactured, the total fixed costs and expenses are not expected to decline significantly if Product J is discontinued. Prepare a differential analysis report dated February 8 of the current year. If an amount is zero, enter "0". If…
Question 1 1-pts You own Souvenir Gallore, a souvenir shop on Lane Avenue. You would like to do an ABC analysis based on annual dollar usage. You sell the following list of retail items in your store. Annual demand Items Unit cost (units) Greeting cards 10,000 $1.50 Key chains 975 $15.50 Candleholders 700 $35.00 Caps 775 $19.50 Calendars 350 $32.00 Watches 380 $25.00 The annual dollar usage of watches is $ and the ABC class that watches belong to is G Search or type URL 23 2$ & 3 7 8. E R T Y U < CO
QUESTION 1.3 HOW MANY CAKES TO GENERATE $1,100 PROFIT Please explain how many cakes would need to be sold to generage a profit of $1,100 based on the information below. Price per cake $14.71 Variable Costs Ingredients $2.25 Direct Labor $1.02 Overhead $.2 Fixed Cost per month $4,476
Question 3Study the scenario and complete the questions that follow:Nonna Greco LimitedNonna Greco Limited manufactures and sells Italian HIP sunglasses. The following information relatesto January 2020:Units manufactured and sold: 500Income statement:RSales 261 500Less: Manufacturing costs 223 000Material 75 000Labour 50 000Manufacturing overheads (@ R20 per machine hour) 98 00038 500Less: Selling and administrative expenses (60% fixed) 17 500Net profit 21 000The following changes will come into effect on 1 February 2020: A sales price increase of 10%, resulting in a 5% decrease in sales volume. Due to negotiations with the labour union, the labour rate per hour will increase by 6%. It is expected that material costs will increase by 10%.The variable budget for manufacturing overheads indicates a total cost ofR94 400 at a capacity utilisation of 4 600 hours.Source: Hunde, T. (2020)Required:3.1 Calculate the total marginal income and marginal income per unit for the year ended 1…
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Final Exam Units Unit You sell 100 units in $2.00 June. Calculate the cost of goods sold using last-in, first-out. Received Cost June 4 70 June 11 30 $3.00 June 18 60 $2.10 June 25 40 $2.40 A. $2.22 B. $2.10 C. $2.30 D. $2.26 21 Acellus Corporation. All Rights Reserved.
mework Assignment i Save & Exit Submit Saved Help Check my work Assume that Ocean King Products sells three varieties of canned seafood with the following prices and costs. Selling Price per Case $ 3 Variable Cost Fixed Cost per Case $2 per Month Variety 1 Variety 2 Variety 3 5 3 10 6. Entire firm $46,200 The sales mix (in cases) is 40 percent Variety 1, 35 percent Variety 2, and 25 percent Variety 3. Required: a. At what sales revenue per month does the company break even? b. Suppose the company is subject to a 35 percent tax rate on income. At what sales revenue per month will the company earn $40,950 after taxes assuming the same sales mix?
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https://ezto.mheducation.com/ext/map/index. 01:43:47 eBook Mc Graw Hill 3 XYZ Company manufactures and sells a single product. A partially completed schedule of the company's total costs and costs per unit over the relevant range of 54,000 to 94,000 units is given below: 76°F Sunny Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required: 1. Complete the schedule of the company's total costs and costs per unit as given in the relevant tab below. 2. Assume that the company produces and sells 84,000 units during the year at a selling price of $8.60 per unit. Prepare a contribution format income statement for the year. Total cost: Variable cost Fixed cost Total cost Cost per unit: Complete the schedule of the company's total costs and costs per unit as given in the relevant tab below. (Rou variable cost and fixed cost to 2 decimal places.) Variable cost Fixed cost Total cost per unit $ Saved $ $ 54,000 Units Produced and Sold 74,000 140,400 370,000…
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