The Future Corporation manufactured 3 productsfrom a joint process in December 2023 as follows:Product Number of Sales Additional Sales Valueunits Value at Cost/Unit aftertheABC8,000units16,000units14,000 $20 $2/ unit $24 / unitunits✓ Choose...split-offpoint$30$ 64,400$ 28,276$ 33,816$ 65,853additionalprocessing$10$4/unit $38 / unitJoint costs up to the split-off point were $156,400.If joint costs are allocated using the net realizablevalue, what amount of joint costs will be allocatedto the C product rounded to the nearest dollar)?$5/unit $13 / unit

Lets understand the basics.When more than one product gets produced from single process then all the…

The Future Corporation manufactured 3 products from a joint process in December 2023 as follows: Product Number of Sales Additional Sales Value Value at Cost/Unit after units the A B C 8,000 units split-off point $30 16,000 units additional processing 14,000 $20 $2/unit $24 / unit units $10 $4/unit $38 / unit $5/unit $13 / unit

The Future Corporation manufactured 3 products from a joint process in December 2023 as follows: Product Number of Sales Additional Sales Value Value at Cost/Unit after units the A B C 8,000 units split-off point $30 16,000 units additional processing 14,000 $20 $2/unit $24 / unit units $10 $4/unit $38 / unit $5/unit $13 / unit

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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CVP Analysis of Multiple Products Steinberg Company produces commercial printers. One is the regular model, a basic model that is designed to copy and print in black and white. Another model, the deluxe model, is a color printer-scanner-copier. For the coming year, Steinberg expects to sell 90,000 regular models and 18,000 deluxe models. A segmented income statement for the two products is as follows: Regular Model Deluxe Model Total Sales $14,400,000 $12,060,000 $26,460,000 Less: Variable costs 8,640,000 7.236,000 15,876,000 Contribution margin $5,760,000 $4,824,000 $10,584,000 Less: Direct fixed costs 1,200,000 960,000 2,160,000 Segment margin $4,560,000 $3,864.000 $8,424,000 Less: Common fixed costs 1,485,600 Operating income $6,938,400 Required: 1. Compute the number of regular models and deluxe models that must be sold to break even. Round your answers to the nearest whole unit. Regular models X units Deluxe models X units
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Cost Volume Profit Total Company produces one type of machine with the following costs and revenues for the year: Total revenues $4,200,000 Total fixed costs $1,400,000 Total variable costs $2,800,000 Total units produced and sold 700,000 a calculate the breakeven in unit b calculate the quantity that would produce an operating profit of $100000 c calculate the quantity that would produce an operating profit of 10 percent of sales dollars d calculate the breakeven quantity if sales increased by 20 perc ent e calculate the operating margin if 50000 unit are sold
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