XYZ Company produces two models of wood chairs, A and B. The selling price per unit and the variable manufacturing cost per unin variable manufacturing cost per unit for model B are $480 and $228 respectively. The variable selling expense per unit for models A expenses are $237.600 per month and the expected monthly sales for models A and B are 10,800 units and 2,700 units respectively. (round figures to the nearest number) Select one: Oa. 844,800 Ob. 393,948 Oc 535,437 Od. None of the given answers Oe. 584.862

XYZ Company produces two models of wood chairs, A and B. The selling price per unit and the variable manufacturing cost per unin variable manufacturing cost per unit for model B are $480 and $228 respectively. The variable selling expense per unit for models A expenses are $237.600 per month and the expected monthly sales for models A and B are 10,800 units and 2,700 units respectively. (round figures to the nearest number) Select one: Oa. 844,800 Ob. 393,948 Oc 535,437 Od. None of the given answers Oe. 584.862

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

See similar textbooks

Similar questions

Riverside Incorporated makes one model of wooden canoe. Partial Information for it follows: Number of Canoes Produced and Sold Total costs Variable costs Fixed costs Unit contribution margin Contribution margin ratio Contribution margin Net operating income 550 Scenario 1 Raises Sales Price to $750 per Canoe $ 115,500 198,000 $ 313,500 Total costs Cost per unit Variable cost per unit Fixed cost per unit Total cost per unit Riverside sells its canoes for $650 each. Next year Riverside expects to sell 1,000 canoes. Required: Complete the Riverside's contribution margin income statement for each independent scenario. Assuming each scenario is a variation of Riverside's original data. Note: Round your unit contribution margin and contribution margin ratio to 2 decimal places (i.e. 0.1234 should be entered as 12.34%) and all other answers to the nearest dollar amount. $ 210.00 360.00 $570.00 750 $ 157,500 198,000 $ 355,500 Contribution Margin Income Statement $ 210.00 264.00 $ 474.00…
XYZ Company produces two models of wood chairs, A and B. The selling price per unit and the variable manufacturing cost per unit for model A are $420 and $245 respectively. The selling price per unit and the variable manufacturing cost per unit for model B are $560 and $266 respectively. The variable selling expense per unit for models A and B are $70 per unit and $84 per unit respectively. Assume that total fixed expenses are $277,200 per month and the expected monthly sales for models A and B are 12,600 units and 3,150 units respectively. If the sales mix and sales units are as expected, the break-even in sales ($) is: (round figures to the nearest number) Select one: O a. 624,676 O b. 682,338 O c. 985,600 O d. 459,606 O e. None of the given answers
Po.38.
Handy Home sells windows and doors in the ratio of 8:2 (windows:doors). The selling price of each window is $200 and of each door is $500. The variable cost of a window is $125 and of a door is $350. Fixed costs are $900,000. Use this information to determine the (1) selling price per composite unit, (2) variable costs per composite unit, (3) break-even point in composite units, and (4) number of units of each product that will be sold at the break-even point.
Winter Grow Inc. manufactures a range of heat mats. The production information for its standard heat mat is follows: Production Information for Standard Heat Mat Production Information Amount Monthly production capacity Current level of production $23 per Normal selling price per unit unit Variable manufacturing costs $5 per unit Variable selling and administrative $2 per unit expenses Fixed manufacturing costs (allocated) $4 per unit Fixed selling and administrative $2 per unit expenses (allocated) $75,000 profit $35,000 profit 25,000 units During current month, the company received an offer to sell 5,000 lights to an exporter for $13 per unit. The variable selling and administrative expenses per unit will be reduced by $1 as this is a one-off offer and some of the selling expenses would not be payable on this offer. Acceptance of this order does not affect the pricing policy in the domestic market. How much would be the profit or loss from the acceptance of this offer? $35,000 loss…
Vikrambhai
Tel Systems manufactures 2 products TLA and BIT. TLA selling price is $20/unit and variable costs are $13/unit. BIT selling price is $22/unit and variable costs are $10/unit. TLA requires 2 machine hours and BIT 4 machine hours. Demand for TLA is 2,000 units and for BIT is 1,600 units. Tel Systems works 5,000 hours. What is the optimal sales mix? O a. 2,000 TLA and 250 BIT O b. 2,000 TLA and 1,250 BIT O c. 0 TLA and 1,250 BIT O d. 2,000 TLA and O BIT O e. not enough data to answer O f. 1,000 TLA and 1,000 BIT O g. 2,000 TLA and 1,600 BIT
Oriole Industries production division reported a net operating loss of $516000 in 2021. Included in that amount were common fixed corporate expenses of $734000 that were allocated to divisions based on segment gross profit. The division's segment margin was O $218000. O ($218000). O $516000. O ($516000).
A furniture manufacturing company has two main processes. Process Alpha that makes dinning table and chair with the variable costs of $2.40 per unit. Process Beta that makes bedroom furniture with the variable costs of $2.25 per unit. The fixed cost of process Alpha and Beta is $10,000 and $9,000 respectively. Which of the following statements is true? Process Alpha should be selected for very large production volumes. ) The break-even point is approximately 6667 units. O Process Beta is cheaper than process Alpha at all volumes; there is no break- even point. O It is impossible for one process to have both of its costs lower than those of another process. O Process Alpha is more profitable than process Beta and should be selected.
Bridgeport Company manufactures and sells two products. Relevant per-unit data concerning each product follow: Selling price Variable costs Machine hours Product Basic $43.00 $19.00 0.50 Show Transcribed Text Calculate the contribution margin per machine hour for each product. Question Part Score Contribution margin per machine hour $ Basic eTextbook and Media Deluxe Deluxe $52.00 $23.30 Bridgeport should manufacture the Basic 0.70 If 1,800 additional machine hours are available, which product should Bridgeport manufacture? - Show Transcribed Text Total contribution margin $ Basic Prepare an analysis showing the total contribution margin if 1,800 additional hours are: (1) Divided equally between the products. product. $ Deluxe Total contribution margin $ (2) Allocated entirely to the product identified in part (b).
Stratford Company distributes a lightweight lawn chair that sells for $30 per unit. Variable expenses are 40% of sa expenses total $526,500 annually Required: Answer the following independent questions: 1. What is the product's CM per unit? Contribution margin per unit
Please help me