Compute the current annual operating income.

Question

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Answer 1

Question

Chapter 3, Problem 13E

1a.

To determine

Compute the current annual operating income.

1b.

To determine

Compute present break-even point in revenues.

2.

To determine

Calculate the new operating income, if $0.06 per unit increases in variable cost.

3.

To determine

Calculate the new operating income, if fixed costs increases by 20% and units sold increases by 20%.

4.

To determine

Calculate the new operating income, if fixed cost, selling price, variable cost and units sold decreases.

5.

To determine

Calculate the new break-even point in units, if fixed cost increases by 20%.

6.

To determine

Calculate the new break-even point in units, if fixed cost and selling price increases.

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Fiona Industries plans to produce 30,000 units next period at a denominator activity of 60,000 direct labor hours. The direct labor wage rate is $16.50 per hour. The company's standards allow 2.2 yards of direct materials for each unit of product; the material costs $10.50 per yard. The company's budget includes a variable manufacturing overhead cost of $3.25 per direct labor hour and fixed manufacturing overhead of $285,000 per period. Using 60,000 direct labor hours as the denominator activity, compute the predetermined overhead rate and break it down into variable and fixed elements.

Answer 2

Question

Chapter 3, Problem 13E

1a.

To determine

Compute the current annual operating income.

1b.

To determine

Compute present break-even point in revenues.

2.

To determine

Calculate the new operating income, if $0.06 per unit increases in variable cost.

3.

To determine

Calculate the new operating income, if fixed costs increases by 20% and units sold increases by 20%.

4.

To determine

Calculate the new operating income, if fixed cost, selling price, variable cost and units sold decreases.

5.

To determine

Calculate the new break-even point in units, if fixed cost increases by 20%.

6.

To determine

Calculate the new break-even point in units, if fixed cost and selling price increases.

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Answer 3

Question

Chapter 3, Problem 13E

1a.

To determine

Compute the current annual operating income.

1b.

To determine

Compute present break-even point in revenues.

2.

To determine

Calculate the new operating income, if $0.06 per unit increases in variable cost.

3.

To determine

Calculate the new operating income, if fixed costs increases by 20% and units sold increases by 20%.

4.

To determine

Calculate the new operating income, if fixed cost, selling price, variable cost and units sold decreases.

5.

To determine

Calculate the new break-even point in units, if fixed cost increases by 20%.

6.

To determine

Calculate the new break-even point in units, if fixed cost and selling price increases.

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Answer 4

Question

Chapter 3, Problem 13E

1a.

To determine

Compute the current annual operating income.

1b.

To determine

Compute present break-even point in revenues.

2.

To determine

Calculate the new operating income, if $0.06 per unit increases in variable cost.

3.

To determine

Calculate the new operating income, if fixed costs increases by 20% and units sold increases by 20%.

4.

To determine

Calculate the new operating income, if fixed cost, selling price, variable cost and units sold decreases.

5.

To determine

Calculate the new break-even point in units, if fixed cost increases by 20%.

6.

To determine

Calculate the new break-even point in units, if fixed cost and selling price increases.

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Answer 5

Chapter 3, Problem 13E

1a.

To determine

Compute the current annual operating income.

1b.

To determine

Compute present break-even point in revenues.

2.

To determine

Calculate the new operating income, if $0.06 per unit increases in variable cost.

3.

To determine

Calculate the new operating income, if fixed costs increases by 20% and units sold increases by 20%.

4.

To determine

Calculate the new operating income, if fixed cost, selling price, variable cost and units sold decreases.

5.

To determine

Calculate the new break-even point in units, if fixed cost increases by 20%.

6.

To determine

Calculate the new break-even point in units, if fixed cost and selling price increases.

Answer 6

Chapter 3, Problem 13E

1a.

To determine

Compute the current annual operating income.

Answer 7

Chapter 3, Problem 13E

1a.

To determine

Compute the current annual operating income.

Answer 8

1b.

To determine

Compute present break-even point in revenues.

Answer 9

1b.

To determine

Compute present break-even point in revenues.

Answer 10

2.

To determine

Calculate the new operating income, if $0.06 per unit increases in variable cost.

Answer 11

2.

To determine

Calculate the new operating income, if $0.06 per unit increases in variable cost.

Answer 12

3.

To determine

Calculate the new operating income, if fixed costs increases by 20% and units sold increases by 20%.

Answer 13

3.

To determine

Calculate the new operating income, if fixed costs increases by 20% and units sold increases by 20%.

Answer 14

4.

To determine

Calculate the new operating income, if fixed cost, selling price, variable cost and units sold decreases.

Answer 15

4.

To determine

Calculate the new operating income, if fixed cost, selling price, variable cost and units sold decreases.

Answer 16

5.

To determine

Calculate the new break-even point in units, if fixed cost increases by 20%.

Answer 17

5.

To determine

Calculate the new break-even point in units, if fixed cost increases by 20%.

Answer 18

6.

To determine

Calculate the new break-even point in units, if fixed cost and selling price increases.

Answer 19

6.

To determine

Calculate the new break-even point in units, if fixed cost and selling price increases.

Answer 20

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Answer 21

Expert Solution & Answer

Answer 22

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Answer 23

Ch. 3 - Prob. 1Q Ch. 3 - Prob. 2Q Ch. 3 - Prob. 3Q Ch. 3 - Prob. 4Q Ch. 3 - Prob. 5Q Ch. 3 - Prob. 6Q Ch. 3 - Prob. 7Q Ch. 3 - Prob. 8Q Ch. 3 - Prob. 9Q Ch. 3 - Prob. 10Q

Compute the current annual operating income.

Compute the current annual operating income.

Compute present break-even point in revenues.

Calculate the new operating income, if $0.06 per unit increases in variable cost.

Calculate the new operating income, if fixed costs increases by 20% and units sold increases by 20%.

Calculate the new operating income, if fixed cost, selling price, variable cost and units sold decreases.

Calculate the new break-even point in units, if fixed cost increases by 20%.

Calculate the new break-even point in units, if fixed cost and selling price increases.

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Chapter 3 Solutions