Use this information for Rusty Co. to answer the question that follows. Rusty Co. sells two products, X and Y. Last year, Rusty sold 5,000 units of X and 35,000 units of Y. Related data are as follows: Product Unit Selling Price Unit Variable Cost Unit Contribution Margin $110 $70 $40 Y 70 50 20

Use this information for Rusty Co. to answer the question that follows. Rusty Co. sells two products, X and Y. Last year, Rusty sold 5,000 units of X and 35,000 units of Y. Related data are as follows: Product Unit Selling Price Unit Variable Cost Unit Contribution Margin $110 $70 $40 Y 70 50 20

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

See similar textbooks

Related questions

Q: 1. How much commission will you earn if your sales amounted to P140 950 and you receive a fixed…

A: Since you have asked multiple questions, we will solve the first question for you. If you want any…

Q: When the gross profit percentage of costs is 32%, the gross profit percentage of sales is equal to:…

A: Gross profit % is calculated by the formula such as :- Gross profit % = Gross profit /revenue.

Q: Tamarisk Company is a multiproduct firm. Presented below is information concerning one of its…

A: The weighted-average cost per unit is calculated by dividing the total cost of available goods by…

Q: Price per Unit $120 le Cost per Unit $97 bution Margin per Unit $23 Costs $19,642 -Even (in units)…

A: The contribution margin can be represented in either gross or per-unit terms. It indicates the extra…

Q: Fill in the missing amounts in each of the eight cases below. Each case is independent of the…

A: The contribution margin is calculated as the difference between the sales and variable costs. The…

Q: How much money will be in the bank account at the end of 4 years if $5000 is deposited at the end of…

A: Future value: It implies to the value that an investment will carry at some point of time in future…

Q: 1. Compute the given in your module dated December 2018 using vertical analysis 2. Interpret the…

A: Income statement shows the profit earned or loss incurred during the period.

Q: An accounting clerk for Chesner Co. prepared the following bank reconciliation: Chesner Co. Bank…

A: The process of reconciling the amount in an entity's accounting records for a cash account to the…

Q: Calculate total revenue and fill in the table below. Price Quantity Total Revenue $50 60 $40 90

A: Introduction: Total revenues: Multiplying price with the quantities derives the Total revenues.…

Q: Provide all 8 solutions

A: Montoure Company's inventory and sales data lead to the following results:Cost of Goods Available…

Q: Q.3.2 Complete the following table by calculating and filling in the missing amounts listed as A to…

A: The objective of the question is to calculate the missing amounts in the given table. The missing…

Q: Sales data would be considered to be examples of __________ data. Multiple Choice ordinal interval…

A: Ratio data mean that quantitative data which can be written as percentage or ratio and can be better…

Q: Compute the markup percentage under absorption-cost pricing that will allow Indigo Windows to…

A: Desired Net Income =1,360,000 x 20%=272,000Desired Gross Profit under Absorption costing = Net…

Q: Cost Grss sold as a Selling price Margin Markup Price profit percentage of selling price 250 100 85…

A: The question is based on the concept of Financial Accounting.

Q: Calculate the missing information. Round dollars to the nearest cent and percents to the nearest…

A: Computation of selling price is as follows: Selling price: Cost Price+Mark Up Price…

Q: (c) comment on the relative profitability of these companies. (D) based on your calculations above,…

A: Introduction:- 1)Grass profit margin is the difference between net sales and cost of good sold 2)Net…

Q: Jordan Cameras, Incorporated manufactures two models of cameras. Model ZM has a zoom lens; Model DS…

A: The overhead is applied to the production on the basis of predetermined overhead rate. The total…

Q: How would I go about finding the previous reported sales, when I have the current sales and the…

A: Given: Current Sales Percentage increase in Sales

Q: Shipping Expenses Manufacturing Overhead $800,000 $3,700,000 General & Administrative Expenses…

A: Gorss Profit Margin is calculated by subtracting cost of goods sold from sales. It is calculated…

Q: How do i create an NPV graph on excel using these data: Unit Sale NPV…

A: With the help of the insert graph option in excel, you can create the NPV Graph using these data.

Q: What are the formulas to calculate "sales" and "break-even sales" . Answer please!

A: Sales are when a seller and a customer exchange goods, services, or products in exchange for money.…

Q: 4. Which segment has the best margin? a. Segment A b. Segment B c. Segment C d. Segment A and C 5.…

A: Ratio analysis used identify the business performance of the company. It is used to measure…

Q: Given the below data, fill in the blank below (WITHOUT SPACES) to calculate the total sales from…

A: SUMIFS is a math or excel formula which is used to find the sum of the criterias set in the…

Q: Assume a company reported the following results: Sales Net operating income Average operating assets…

A: Profit margin is the percentage of profit earned by the entity on its sales. It helps to determine…

Q: Use the percentage of 18-49 year olds who agree with the statement "I would buy this product" to…

A: Total sample size of 18-49 years old = Sum of all the samples whether agree or disagree = 14 + 10 +…

Q: owe Tool and Die (RTD) produces metal fittings as a supplier to various manufacturing firms in the…

A: Operating Profit -The revenue generated by a company's main activities, minus any financing or…

Q: Fill in the missing amounts in each of the eight case situations below. Each case is independent of…

A: Contribution means the difference between the selling price and variable cost . Fixed cost remain…

Q: Al Shahba has net sales are RO 57500 and gross profit rate is 45% of net sales, then estimated cost…

A: Estimated Cost of goods sold : This figure is calculated or determined while…

Q: The company has these parties of goods on hand: 10x1.000 TL; 20x900 TL; 10x800 TL; 10x700 TL. If 35…

A: LIFO method of inventory, adopt the product purchased lastly are sold first.

Q: 1. What is the present yearly net operating income or loss? 2. What is the present break-even point…

A: Since you have posted a question with multiple sub-parts, we will solve the first three subparts for…

Q: A product has three level value chain. The Product was sold at ₱16, ₱60, ₱124 in each level…

A: VAT is an indirect tax. It is levied based on the consumption of goods rather than the consumers'…

Q: Required: 1. Use appropriate Excel formulas to perform vertical analysis and complete the "Percent"…

A: Vertical analysis is done to determine the change in line items with respect to the other line item.…

Q: LC3Q4.lf the Margin is 20 percent and cost of goods sold is OMR 33000, Calculate the sales figure?

A: Margin means the profit earned . cost means the cost incurred on purchasing the goods. Sales price…

Q: Requirement 1. Calculate the EOQ. Begin by selecting the formula used to calculate EOQ. (D=Demand…

A: The objective of the question is to calculate the Economic Order Quantity (EOQ) and the number of…

Q: 1. You have been provided with the following data regarding shipments and costs for Brighton…

A: High-low method is one of the method to separate the variable cost and fixed cost from the mixed…

Q: In 150 words or fewer, list each of the four perspectives of the balanced scorecard. Give an example…

Q: Suppose that the profit (in dollars) from the sale of Kisses and Kreams is given by P(x, y) = 10x +…

A: Ans:

Q: Compute breakeven sales. (Use the rounded contribution margin ratio calculated in the previous part…

A: BREAKEVEN POINTBreak Even means the volume of production or sales where there is no profit or…

Q: The correlation (r) between the price of a product (x) and average daily sales (y) is –0.95.…

A: r=-0.95 1.The Coefficient of determination-It is the proportion of the variation in the dependent…

Q: Typically, Which Is More Comprehensive, the P/E Ratio, PEG Ratio, EV To Sales Ratio or the EV To EBİ…

A: Introduction : . The price to earnings ratio is a multiplier that is used to value the relative…

Q: 2. How much commission will you earn if you made the same amount of sales (refer to number 1), but…

A: Sales revenue: It is the revenue earned by a business on selling the goods or providing services to…

Q: If the IRR of Machine C is 12.5% and the IRR of Machine D is 11%, then it correct to conclude that…

A: Internal rate of return is the where the net present value is zero and present value of cash flow is…

Q: Which of the following is not assumed to be constant in CVP analysis? Selling Price None of the…

A: Cost-Volume-Profit (CVP) analysis is a cost accounting method to find out how changes in variable…

Question

I still don't understand sales mix so here's another example, please provide the steps to get to one of these answers:

A. 12.5% X; 87.5% Y

B. 30% X; 70% Y

C. 58% X, 42% Y

Use this information for Rusty Co. to answer the question that follows.
Rusty Co. sells two products, X and Y. Last year, Rusty sold 5,000 units of X and 35,000 units of Y. Related data are as follows:
Product Unit Selling Price Unit Variable Cost Unit Contribution Margin
$110
$70
$40
70
50
20

Expert Solution

This question has been solved!

Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.

This is a popular solution!

SEE SOLUTION Check out a sample Q&A here

Step 1

VIEW

Step 2

VIEW

Trending now

This is a popular solution!

Step by step

Solved in 2 steps

SEE SOLUTION Check out a sample Q&A here

Knowledge Booster

Learn more about

Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, accounting and related others by exploring similar questions and additional content below.

Similar questions

Using the cost function C(x)=-0.00000001x^3+0.000556x^2+2.9403x+19715.6363 find the average cost of the first 500 units sold where x=units sold
1. Call(35) = $9.12, Call(40) = $6.22, Call(45)= $4.08. Using MS Excel, create profit tables and graphs separately for each long call and then create a single chart showing profit for each long call on the same graph, clearly label each profit curve.
Q. 12. The markup percent is based on cost. Compute the missing terms. 100% + Markup Percent 50% Markup % Cost Selling Price $636
Calculate the weighted mean from the following sales: $400, $700, $300, $600, $300, $400, $700 Multiple Choice O O O O O $472.11 $500.00 $550.33 $485.71 None of the answer choices are correct.
= UDY_Jan... MANCOSA All tools Edit Convert Sign 76 IT PGDPM___Pr... PGDPM_Proj... Project_Proje... Rubric_CSTU... 3.2.Required Calculate the following from the information provided below: 3.2.1.Net profit or loss 3.2.2. The number of units that must be sold to obtain a profit of R1 000 000. INFORMATION The following projected figures were obtained from Drake Traders: Sales (50 000 units @ R24) Variable cost Fixed cost 69 zoom PROJ_Jan23_PGDPM_P... X R 1 200 000 280 000 88 600 Find text or tools Q + Create (3) (4) : 0) U & < 1:32 AM 9/17/2023 X យ 4 3 U 3
Requirements Dialog content starts 1. Allocate revenue from the sale of each unit of Dynamic Duo to Smarty and Sublime using the following: a. The stand-alone revenue-allocation method based on selling price of each product b. The incremental revenue-allocation method, with Smarty ranked as the primary product c. The incremental revenue-allocation method, with Sublime ranked as the primary product d. The Shapley value method 2. Of the four methods in requirement 1, which one would you recommend for allocating Paris's revenues to Smarty and Sublime? Explain.
b) Write Excel Formulas for given data sheet A B D E 1 Product Product Price per Sales tax(10% |Net Price No item of price) ? name 2 1 Mouse 5000 keyboard joyStick 3 1000 4 3 1500 4 VGA cable 800 6. Monitor 15000 Total price of all items 5% concession on total price 7 ? 8 ? 9. Total bill ? Dage 213
he company has these parties of goods on hand: 10x1.000 TL; 20x900 TL; 10x800 TL; 10x700 TL. If 37 items are sold with 20% profit margin (COGS +20% Profit), what is COGS and Sales Revenue in LIFO? a. COGS: 9.400 TL; Sales Revenue: 11.280 TL b. COGS: 33.600 TL; Sales Revenue: 40.320 TL c. COGS: 30.300 TL; Sales Revenue: 36.360 TL d. COGS: 12.700 TL; Sales Revenue: 15.240 TL
No chatgpt used i will give 5 upvotes typing please
5
4 ..... please help me
Hh1.