Use the following data: Variable production costs $480,000 Variable S and A costs $55,000 Fixed S and A costs $100,000 Fixed production costs $270,000 Unit sales price $8 Production in units 120,000 Sales in units 110,000 Under full costing, net income (loss) is: A. $37,500 B. $15,000 C. $(25,000) D. None of the above
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- For each of the three independent situations in given picture computes the missing amountsComplete the Table Total Total Unit Selling Total Fixed Variable Variable Price Revenue of Costs Costs Cost Output ? ? $5,000 $6,600 $2,000 ? $18,000 ? 2 $45,000 ? $94,050 ? $5 ? ? ? $75.24 $13 $10 $75 ? ? 2 ? $10,000 $60,000 Level Net Income Rate $4,000 ?$14,500 $84,600 1,800 $78,000 3,000 $18,000 ? ?-$19,500 Contribution Unit Show Transcribed Text ? ? 35% ? 38% Contribution Margin $7.50 ? $13 ? can anyone help me doing this in easiest and less confusing wayWesley's income statement is as follows: Sales (10,000 units) Less variable costs Contribution margin Less fixed costs Net income $150,000 - 48,000 $102,000 - 24,000 $ 78,000 What is the unit contribution margin? A. $12.00 B. $ 7.20 C. $ 4.80 D. $10.20
- Based on analyzing the production cost (Y) to units produced (X), the following relationship was found: Y=$5,000+$20X. The $20 in the equation represents: Select one: Oa. Variable production costs per unit Ob. None of the answers given Oc Total variable production costs. O d. Total fixed production costs Oe. Fixed production costs per unit. Next page age5) Sales are $500,000 and variable costs are $350,000. What is the contribution margin ratio? а. 43% b. 30% c. 70% d. Cannot be determined because amounts are not expressed per unit.For each of the three independent situations below computes the missing amounts S/No. Sales Variable costs Contribution margin per unit Fixed costs Operating income Units sold 1 ? 120,000 20 ? 25,000 4,000 2 180,000 ? ? 45,000 30,000 5,000 3 600,000 ? 30 150,000 90,000 ?
- Consider the following cost and pricing data of ABC Corp. on its Product X:Price: P120.00.per unitProfit Contribution: P90.00Proposed additional Cost: P3 per unit (for quality improvement)Current Profits: P2.4 millionSales: 100,000 units. A. Assuming that average variable costs are constant at all output levels, findABC Corp.’s total cost function before the proposed change.B. Calculate the total cost function if the quality improvement is implemented. UNANSWERED SUB-PARTSC. Calculate ABC Corp.’s break-even output before and after the change, assuming it cannot increase its price.D. Calculate the increase in sales that would be necessary with the quality improvement to increase profits to P2.7 million8) Ahmet Company has three products, A, B, and C. The following information is available: A B с Sales Variable costs Contribution margin Fixed costs: Avoidable Unavoidable Operating income $70,000 37,000 33,000 10,000 7.000 $16,000 $97,000 51.000 46,000 20,000 12,000 $14.000 $23,000 15,000 8,000 2,000 9.400 $ (3,400) Ahmet Company is thinking of dropping Product C because it is reporting a loss. Assuming Ahmet drops Product C and does NOT replace it, operating income will A) increase by $3,400 B) increase by $2,000 C) decrease by $6,000 D) decrease by $11,400Answer Questions #11,12, and 13 using the information below: Projected Sales: 25,000 Average Sales Price per Unit: $ 56.00 Average Variable Cost per Unit: $ 38.00 Total Fixed Costs: $ $ 342,000 11) Which of the following statements is true? A) Profit in the amount of $108,000 and total costs equal $950,000 B) Loss in the amount of $108,000 and total costs equal $950,000 C) Profit in the amount of $108,000 and total costs equal $1,292,000 D) Loss in the amount of $108,000 and total costs equal $1,292,000 12) Break-even Units equals: A) 6,000 B) 14,000 C) 19,000 D) 22,000 13) If Budgeted Sales were $1,300,000, then the Margin of Safety in dollars is: A) $100,000 B) $236,000 C) $350,000 D) $578,000
- The following information is for Alex Corp: Product X: Revenue Variable Cost Product Y: Revenue Variable Cost Total fixed costs $12.00 $4.50 $25.00 $10.00 $40,500 What is the operating income, assuming actual sales total 120,000 units, and the sales mix is two units of Product X and one unit of Product Y? 1,960,000 1,240,500 1,200,000 1,159,500Please do not give solution in image format ?.What is the correct choice? Datamatix Company has gathered the following data: Unit Sales Price Unit Variable Costs Unit Sales Product 1 $18.00 $10.00 24,500 Product 2 27.00 17.00 17,500 Product 3 35.00 28.00 28,000 Fixed costs are $233,280. The weighted-average breakeven point is a. 34,500 units. b. 28,800 units. c. 25,200 units. d. 29,900 units.
