View PoliciesCurrent Attempt in ProgresstWinston Company's high and low level of activity last yearwas 60,000 units produced in April and 20,000 unitsproduced in December. Machine maintenance costs were$52,000 in April and $20,000 in December. Using the high-low method, estimated total mainternance cost for a monthin which 40,000 units will be produced isO $36,000.O not determinable with the information given.O $40,000.O$34,667.

High-low method: The high low method refers to the cost accounting procedure used to separate the…

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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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Profitability Analysis Razerian makes production for audio. A total of 500 hours in January 2021 is available per month in this operation beause they face COVID 19, so they must decrease their productive hours. Data concerning the company’s four products appear below: Headphone Earbuds Speaker Bluetooth Home theather Monthly demand in units 80 120 100 140 Hours required in operation per unit 0.6 1.8 0.4 2.5 Unit contribution margin $12 $36 $8 $50 Variable Expenses $8 $20 $5 $30 No fixed costs could be avoided by modifying how many units are produced of any product or even by dropping any one of the products. Question: Within this month, calculate the contribution margin and what should Razerian do if they want to get optimum margin?
Morris Industries manufactures and sells three products (AA, BB, and CC). The sales price and unit variable cost for the three products are as follows: Sales Price Variable Cost Product per Unit per Unit $30 AA $50 BB 35 10 CC 25 15 Their sales mix is reflected as a ratio of 5:3:2. Annual fixed costs shared by the three products are $253,500 per year. A. What are total variable costs for Morris with their current product mix? Total variable costs $ B. Calculate the number of units of each product that will need to be sold in order for Morris to break even. Number of Units per Product AA BB C. What is their break-even point in sales dollars? Break-even point in sales $ D. Using an income statement format, prove that this is the break-even point. If an amount is zero, enter "0". Income Statement Sales Product AA Product BB Product CC Total Sales Variable Costs Product AA Product BB Product CC Total Variable Costs $ Contribution Margin Fixed Costs Net Income
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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 break even quantity of sales increased by 20%b. Calculate the operating margin if 50000 unit are sold
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These following details were supplied by Eigen Manufacturing Corp. over the previous month: Sales $40,000 Variable costs 14,000 Fixed costs 10,000 Operating income $16,000 What is the anticipated operating income if sales drop to 50% in the upcoming month? A. $6,000 B. $15,000 C. $3,000 D. $16,000
EXERCISE Gabriel Auto produces and sells an auto part for P30.00 per unit. In 2021, 100,000 parts were produced and 75,000 units were sold. Other information for the year are as follows: BUSINESS AD 5 1986 ATION Direct Materials cost/unit Direct Manufacturing Labor cost/unit Variable Manufacturing Costs/unit Sales Commissions/unit Fixed Manufacturing Costs (per year) Fixed Administrative Expenses (per year) Php 12.00 2.25 0.75 3.00 375,000.00 135,000.00 What is the Inventoriable cost/unit using Absorption Costing What is the Inventoriable cost/unit using Variable Costing THE PREMIER BUSINESS SCHOOL OF THE SOUTH
Break-even sales and sales to realize operating income For the current year ended March 31, Cosgrove Company expects fixed costs of $462,000, a unit variable cost of $58, and a unit selling price of $86. a. Compute the anticipated break-even sales (units). units b. Compute the sales (units) required to realize operating income of $106,400. units Check My Work 2 more Check My Work uses remaining. All work saved. Previous Next
Current Attempt in Progress George Daze Growers accumulated actual MOH costs this year of $52,380, even though it had budgeted $58,590 of MOH. It allocates MOH based on the direct labor hours of its workers. At the beginning of the year, it budgeted for 9,000 hours but ended up using 9,700 hours this year. Determine the following. (Round budgeted and actual MOH rate answers to 2 decimal places, e.g 2.25.) (a) The budgeted MOH rate (b) The actual MOH rate SA $ /hr. SA $ /hr. (c) Applied MOH under actual costing $ (d) Applied MOH under normal costing $
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