X Company had the following information available for 2020: Number of units sold 32,000 units Selling price per unit S1,250
Q: Sunland Inc. earned operating income of $94,000 during 2021. The company wants to earn operating…
A: Contribution margin per unit = Selling price per unit - variable cost per unit Sales in dollars to…
Q: If ABC Corp sold 4,000 units at $50 each, and cost of goods sold was $50,000, what is ABC Corp's…
A: GROSS PROFIT Gross Profit is the Difference Between Net Sales & Cost of Goods Sold. Gross…
Q: 3. Sales volume Selling price per unit Direct materials Direct labor Variable factory overhead Fixed…
A:
Q: Prepare a gross profit variation analysis for two products.…
A: Gross profit analysis refers to the method of comparing the gross profit of a company for two…
Q: The Sales-mix factor shows a variance of
A: Variance is an essential device withinside the sciences, in which statistical evaluation of records…
Q: Use the information provided below to calculate the Cost of sales for 2023. INFORMATION Oyster…
A: The ending inventory comprises of the units that remains unsold at the end of the accounting period.…
Q: The sales and profit for two years are as below: Sales Profit 2019 50000 15000 2020 90000 35000…
A: Margin of safety is sales revenue over and above breakeven sales revenue. Breakeven sales revenue is…
Q: Numbers Company manufactures 3 consumer products, namely One, Two, and Three. Sales and other…
A: Sales mix variance measures the variance in the sales as per the standard mix of the sales unit…
Q: Sales COGS Gross Profit elect one: O 2017 1,000,000 300,000 A O O revenue is used as the base-figure…
A: The Vertical analysis mainly refers to the method in which each and every item is recorded as the…
Q: Numbers Company manufactures 3 consumer products, namely One, Two, and Three. Sales and other…
A: Variance is the difference between the budgeted figures and actual figures. This variances help the…
Q: Q1// A company estimates that it will sell 12000 units of its product for the forthcoming year. the…
A: Inventory: It is the stock of goods that, in all form, the company holds at a point of time. The…
Q: The Cost Price factor shows a variance of
A: Formula For Cost Price Factor Variance Cost Price Factor Variance = (Actual Unit Cost - Standard…
Q: If FIFO inventory value is $150,000 and the current cost per unit is $10, how many units does the…
A: INVENTORY VALUATIONInventory Valuation is a Method of Calculation of Value of Inventory at the End…
Q: The controller of Wildhorse Company estimates sales and production for the first four months of 2022…
A: Budgeting - Budgeting is a method of estimating sales and expenses on the basis of past performance.…
Q: CC (Caleb Clark) enterprises forecasts 2021 sales of $400,000. The selling price per unit is $75.…
A: Total sales = $4,00,000 Sale price per unit = 75…
Q: Based on the above information) The Sales-mix factor shows a variance of: P2,500 F P4,000 U P5,750…
A: The correct answer is:- P5750 F
Q: Variafull Company presented the following data for 2019 and 2020: Cost per unit: Production and…
A: The question has asked to prepare the detailed income statement of the Variafull Company under the…
Q: The Sales Price factor shows a variance of:
A: Sales price variance = (Actual price per unit - Standard price per unit) x Actual quantity in units
Q: A EXAMPLE 20.18 The following information relating to the third and last quarter of 2019-20 is…
A: The phrase "production budget" is used explicitly in the film industry as well as more generally in…
Q: Numbers Company manufactures 3 consumer products, namely One, Two, and Three. Sales and other…
A: Variance analysis is the difference between the budgeted and the actual cost incurred by the…
Q: DeCesare makes and sells sport utility vehicles, WR200. In 2020, it reported the following: Units…
A: Rate of return on investment shows the return earned by investing money and in simple, it shows net…
Q: 2018 2019 Output (units) 120,000 126,000 Selling price per unit $25.00 $25.00…
A: Productivity changes in labour can be influenced by various factors such as technological…
Q: Monroe Company produces and sells three products. Information regarding these three products for…
A: Contribution per unit = Selling price per unit - Variable cost per unit Total Contribution =…
Q: Complete the table: Cost Markup…
A: MARKUP % = (SELLING PRICE - COST ) / COST X 100
Q: Collected these information from Bell Telecom Company (Egypt) producing 3 products"E" ,"F", and "G"…
A: Step 1: Prepare the Sales BudgetCalculate the total estimated sales revenue for each product by…
Q: Jules company as we know produces two (2) products, GK320 and GK340. The following sales forecast…
A: Here discuss about the details of the duty of the Management Accountant to produce the information…
Q: David Company operating result under absorption costing below: 2019 Sales.. $ 270,000 Cost of goods…
A: Note: Since we only answer up to 3 sub-parts, we’ll answer the first 3. Please resubmit the question…
Q: achieve a profit of P6 600 for the period
A: To calculate the number of units to be produced and sold to achieve a profit of P6 600 for the…
Q: 3. Al Anwar ceramics, Oman estimated the sales as follows June – 2,000 units July - 3,000 units…
A: The budget is prepared on the basis of estimated data for the period. The sales budget is prepared…
Q: Barry's Burgers reported net sales of: 2019 $300,000 2020 $330,000 2021 $360,000 If 2019 is the base…
A: Sales is the revenue generated from the regular business operation of the company. The horizontal…
Q: Use the information provided to answer the questions. 1.1 Calculate the annual economic order…
A: Economic order quantity is the purchase of a particular quantity in one go at the least cost of…
Q: ecided on for the financial year January 1, 2020 to December 31, 2020: Details Q1 Q2 Q3 Q4…
A: Sales budget refers to the type of budget which reflects the estimated and evaluated sum value of…
Q: The controller of Coronado Company estimates sales and production for the first four months of 2022…
A: A budget is a forecast of revenue and expenses for a certain future period of time that is generally…
Q: ompany as we know produces two (2) products, GK320 and GK340. The following sales forecast for both…
A: The principal budget factor refers to the form of factor that limits or restricts the activities of…
Q: Numbers Company manufactures 3 consumer products, namely One, Two, and Three. Sales and other…
A: Every company prepares a budget to forecast its sales and cost related to it. This budgeted value is…
Q: The cost and revenue information of India Company for the last year (2022) is provided below: Sales…
A: Hi student Since there are multiple subparts asked, we will answer only first three subparts. CVP…
Q: Sharp Co. has generated these data for the 2 most recent years where 2021 sales price was 10% lower…
A: Sales Value in year 2020 = P 1,900,800 Sales Value in year 2021 = P 1,944,000 Let Sales Price in…
Step by step
Solved in 2 steps
- Collected these information from Bell Telecom Company (Egypt) producing 3 products"E" ,"F", and "G" for the year 2022:First: Sales:- Estimated sales "E" 11,000,000 EGP "F" 8,400,000 EGP "G" 7,380,000 EGP- Sales price/unit 440 EGP 420 EGP 410 EGPSecond: Production and Inventory (finished goods):- Total estimated sales units for product (E) will allocate for first quarter, second quarter,third quarter, and fourth quarter by equally.- For calculating of ending inventory of Finished Goods (F.G.) of product (E), 1/4 of salesunits of the next quarter are used except the fourth quarter 4/4 of sales units of the samequarter.- Ending inventory of Finished Goods (F.G.) for first quarter = 1250 units for product (E).- Beginning inventory of Finished Goods (F.G.) for first quarter = 2300 units for product (E).- Ending inventory of Finished Goods (F.G.) for product (F) and (G) 1/4 of sales units.- Inventory 31/12/2021 for product (F) and (G) are 1600 and 1100 units, respectivelyThird: Raw materials…Management AccoutingNumbers Company manufactures 3 consumer products, namely One, Two, and Three. Sales and other information related to the said products are as follows: 2019 = Product One: Units sold - 15,000, Unit Price - P10, Unit Cost - P8; Product Two: Units sold - 20,000, Unit Price - P8, Unit Cost - P7; Product Three: Units Sold - 5,000, Unit Price - P6, Unit Cost - 4.50. 2020 = Product One: Units Sold - 20,000, Total Price - P240,000, Total Cost - P180,000; Product Two: Units Sold - 20,000, Total Price - P180,000, Total Cost - P150,000; Product Three: Units Sold - 4,000, Total Price - P20,000, Total Cost - P16,000. The Sales Price factor shows a variance of:
- A business determines selling price by adding a mark-up of 30% to cost. The profit earned on a product with a selling price of £390 will be: a) £300 b) £117 c) £210 d) £90Numbers Company manufactures 3 consumer products, namely One, Two, and Three. Sales and other information related to the said products are as follows: 2019 = Product One: Units sold - 15,000Unit Price - P10, Unit Cost - ; Product Two: Units sold - 20,000, Unit Price - Unit Cost - P7; Product Three: Units Sold - 5, 000 , Unit Price - P6, Unit Cost - 4.50 2020 = Product One: Units Sold - 20,000Total Price - P240,000, Total Cost - P180,000 ; Product Two: Units Sold - 20,000 Total Price - P180,000 Total Cost - P150,000 ; Product Three: Units Sold - 4,000 , Total Price - P20,000 Total Cost - P16,000. The Sales-mix Factor shows a variance of? A. 2500F B. 4000U C. 5750 F D. 5750 UQ.1 Calculate the gross profit margin for Pearson & Litt for 2020. 2019 2020 Sales price per unit R15 R19 Variable cost per unit R6 R7 Fixed cost (FC) per annum R650 000 R 855 500 Fixed cost per unit R3 R4 Current assets R450 600 R560 700 Current liabilities R510 000 R780 000 Retained profit R21 809 R17 600 Net Sales R2 900 320 R 3 100 100 Cost of sales R390 000 R475 000
- Elmer's Electronics has the following information for the first three years of business: 2019 10,000 2020 11,000 3,000 $600,000 2021 12,000 8,000 S600,000 S 100 S 220 Units sold Units produced Fixed production costs Variable production costs per unit Selling price per unit Fixed selling & administrative expense 25,000 $600,000 $ 100 $ 200 $200,000 100 $ 210 $200,000 $200,000 Calculate income under both full costing and variable costing. What is the cost of ending inventory under full costing and under variable costing (assume FIFO)?I. Cost Behavior and Estimation (HP 6) The owners of Mormont Co., Jorah and Lyanna, are expecting sales for August, 2019 to be 250,000 units. Information about Mormont's Sales and costs over the past three months, are as follows: Units Sold Sales Cost of Goods Sold Wage & Salary Expense Admin Expense May O 200,000 300,000 $3,450,000 $5,175,000 $1,575,000 $2,312,500 $950,000 $975,000 $1,300,000 $1,600,000 June July 500,000 $8,625,000 $3,787,500 $1,925,000 $2,500,000 Required: Based on the information provided, provide a projected income statement, using the contribution margin format. 5Collected these information from Bell Telecom Company (Egypt) producing 3 products"E" ,"F", and "G" for the year 2022:First: Sales:- Estimated sales "E" 11,000,000 EGP "F" 8,400,000 EGP "G" 7,380,000 EGP- Sales price/unit 440 EGP 420 EGP 410 EGPSecond: Production and Inventory (finished goods):- Total estimated sales units for product (E) will allocate for first quarter, second quarter,third quarter, and fourth quarter by equally.- For calculating of ending inventory of Finished Goods (F.G.) of product (E), 1/4 of salesunits of the next quarter are used except the fourth quarter 4/4 of sales units of the samequarter.- Ending inventory of Finished Goods (F.G.) for first quarter = 1250 units for product (E).- Beginning inventory of Finished Goods (F.G.) for first quarter = 2300 units for product (E).- Ending inventory of Finished Goods (F.G.) for product (F) and (G) 1/4 of sales units.- Inventory 31/12/2021 for product (F) and (G) are 1600 and 1100 units, respectivelyThird: Raw materials…
- 1.3 REQUIRED Use the information given below to calculate the most economic quantity to order each time for 2023 (expressed to next whole number). INFORMATION Milton Wholesalers expects to sell approximately 3 600 cases of soap per month during 2023. Each case of soap costs R200. The cost of placing an order for soap is estimated to be R20. The inventory holding cost of one case of soap is 5% of the unit purchase price.I need help with question is answerPROBLEM 14: MMM Company started operations in 2019. The following data are abstracted from the company's production and sales records: 2019 2020 2021 of units Number produced Number of units sold Unit production cost 116,250 108,750 P 4.50 P 5.20 P 5.80 900,000 120,000 75,000 101,250 97,500 Sales revenue 600,000 975,000 19. Using the FIFO cost flow assumption, the gross profit for the year ended December 31, 2021 is: PROBLEM 15: The following quarterly cost data have been accumulated for New DDD Manufacturing, Inc.: Raw materials, 1/1/2022 Purchases of raw materials 10,000 units at P6.00 8,500 units at P7.00 11,000 units at P7.50 Raw materials transferred to work in process Work in process, 1/1/2022 Direct labor Manufacturing overhead Work in process, 3/31/2022 21,500 units 5,600 units at P13.50 P 250,000 325,000 4,200 units at P13.75 20. If New Dehi uses the FIFO method for valuing raw materials inventories, compute for the cost of goods manufactured for the quarter ended March 31,…