Smith Company manufactures fish tanks. One of the fish tanks that the company produces is a...
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Smith Company manufactures fish tanks. One of the fish tanks that
the company produces is a...
Smith Company manufactures fish tanks. One of the fish tanks that the company produces is a...
Smith Company manufactures fish tanks. One of the fish tanks that the company produces is a 2.6 gallon fish tank that the conpany sells foe $37.50. The fish tanks are manufactured in an outdated fish tank manufacturing facility that is labor intense, relying heavily on direct labor workers. Variable costs are high, totaling $22.50 per 2.6 gallon fish tank of whick 60% is direct labor cost. Last year the company sold 40,000 2.6 gallon fish tanks and had $480,000 in...
On the sheet tab labeled SOLUTION 3, use the DATA FOR SOLUTION 3 on the sheet...
On the sheet tab labeled SOLUTION 3, use the DATA FOR SOLUTION 3 on the sheet tab labeled DATA to: H Compute the new contribution margin ration Compute the new break even in number of 2.6 gallon fish tanks Compute the number of 2.6 gallon fish tanks that will have to be sold next year to maintain the current operating income On the sheet tab labeled SOLUTION 4, use the DATA FOR SOLUTION 3 and DATA FOR SOLUTION 4 on...
Northwood Company manufactures basketballs. The company has a ball that sells for $25. At present, the...
Northwood Company manufactures basketballs. The company has a
ball that sells for $25. At present, the ball is manufactured in a
small plant that relies heavily on direct labor workers. Thus,
variable expenses are high, totaling $15.00 per ball, of which 60%
is direct labor cost. Last year, the company sold 54,000 of these
balls, with the following results:
Required:
1. Compute (a) last year's CM ratio and the break-even point in
balls, and (b) the degree of operating leverage...
Northwood Company manufactures basketballs. The company has a ball that sells for $25. At present, the...
Northwood Company manufactures basketballs. The company has a ball that sells for $25. At present, the ball is manufactured in a small plant that relies heavily on direct labor workers. Thus, variable expenses are high, totaling $15.00 per ball, of which 60% is direct labor cost. Last year, the company sold 40,000 of these balls, with the following results: Sales (40,000 balls) $ 1,000,000 Variable expenses 600,000 Contribution margin 400,000 Fixed expenses 265,000 Net operating income $ 135,000 Required: 1....
northwood company manufactures basketballs Northwood Company manufactures basketballs. The company has a ball that sells for...
northwood company manufactures basketballs
Northwood Company manufactures basketballs. The company has a ball that sells for $25. At present, the ball is manufactured in a small plant that relies heavily on direct labor workers. Thus, variable expenses are high, totaling $15.00 per ball, of which 60% is direct labor cost. Last year, the company sold 32,000 of these balls, with the following results: $ Sales (32,000 balls) Variable expenses Contribution margin Fixed expenses Net operating income 800.000 480,000 320,000 211,000...
Northwood Company manufactures basketballs. The company has a ball that sells for $25. At present, the...
Northwood Company manufactures basketballs. The company has a ball that sells for $25. At present, the ball is manufactured in a small plant that relies heavily on direct labor workers. Thus, variable expenses are high, totaling $15.00 per ball, of which 60% is direct labor cost. Last year, the company sold 52,000 of these balls, with the following results: Sales (52,000 balls) Variable expenses Contribution margin Fixed expenses Net operating income $ 1,300,000 780,000 520,000 321,000 $ 199,000 Required: 1....
Northwood Company manufactures basketballs. The company has a ball that sells for $42. At present, the...
Northwood Company manufactures basketballs. The company has a ball that sells for $42. At present, the ball is manufactured in a small plant that relies heavily on direct labor workers. Thus, variable expenses are high, totaling $25.20 per ball, of which 60% is direct labor cost. Last year, the company sold 47,000 of these balls, with the following results: Sales (47,000 balls) Variable expenses Contribution margin Fixed expenses Net operating income $ 1,974,000 1,184,400 789,600 588,000 $ 201,600 Required: 1....
Northwood Company manufactures basketballs. The company has a ball that sells for $35. At present the...
Northwood Company manufactures basketballs. The company has a ball that sells for $35. At present the ball is manufacturedna small plant that relies heavily on direct labor workers. Thus, variable expenses are high, totaling $2100 per ball of which 60% is direct labor cost Last year, the company sold 41,000 of these balls, with the following results: Sales (41,600 balls) Variable expenses Contribution margin Fixed expenses Net operating income $ 1,435, eee 861, eee 574, eee 420, eee $ 154,...
answer all of the questions and show the solution yrene Products manufactures recreational equipment. One of...
answer all of the questions and show the
solution
yrene Products manufactures recreational equipment. One of the company's products, a skateboard Over the past year the company sold 48,000 skateboards, with the following operating results Sales (48,000 skateboards) sells for $35 The skateboards are manufactured in an antiquated plant that relies heavily on direct labor workers. Thus, variable costs are high, totaling $24 50 per skateboard of which 70% direct labor cost S 1.680,000 1,176,000 Variable expenses Contribution margin 504,000...
Northwood Company manufactures basketballs. The company has a ball that sells for $25. At present, the...
Northwood Company manufactures basketballs. The company has a ball that sells for $25. At present, the ball is manufactured in a small plant that relies heavily on direct labor workers. Thus, variable expenses are high totaling $15.00 per ball of which 60% is direct labor cost. Last year, the company sold 46,000 of these balls, with the following results: $ Sales (46,000 balls) Variable expenses Contribution margin Fixed expenses Net operating income 1,150,000 690,000 460,000 318,000 142,000 Required: 1. Compute...
On the sheet tab labeled SOLUTION 3, use the DATA FOR SOLUTION 3 on the sheet tab labeled DATA to: H Compute the new contribution margin ration Compute the new break even in number of 2.6 gallon fish tanks Compute the number of 2.6 gallon fish tanks that will have to be sold next year to maintain the current operating income On the sheet tab labeled SOLUTION 4, use the DATA FOR SOLUTION 3 and DATA FOR SOLUTION 4 on...
Northwood Company manufactures basketballs. The company has a
ball that sells for $25. At present, the ball is manufactured in a
small plant that relies heavily on direct labor workers. Thus,
variable expenses are high, totaling $15.00 per ball, of which 60%
is direct labor cost. Last year, the company sold 54,000 of these
balls, with the following results:
Required:
1. Compute (a) last year's CM ratio and the break-even point in
balls, and (b) the degree of operating leverage...
northwood company manufactures basketballs
Northwood Company manufactures basketballs. The company has a ball that sells for $25. At present, the ball is manufactured in a small plant that relies heavily on direct labor workers. Thus, variable expenses are high, totaling $15.00 per ball, of which 60% is direct labor cost. Last year, the company sold 32,000 of these balls, with the following results: $ Sales (32,000 balls) Variable expenses Contribution margin Fixed expenses Net operating income 800.000 480,000 320,000 211,000...
Northwood Company manufactures basketballs. The company has a ball that sells for $25. At present, the ball is manufactured in a small plant that relies heavily on direct labor workers. Thus, variable expenses are high, totaling $15.00 per ball, of which 60% is direct labor cost. Last year, the company sold 52,000 of these balls, with the following results: Sales (52,000 balls) Variable expenses Contribution margin Fixed expenses Net operating income $ 1,300,000 780,000 520,000 321,000 $ 199,000 Required: 1....
Northwood Company manufactures basketballs. The company has a ball that sells for $42. At present, the ball is manufactured in a small plant that relies heavily on direct labor workers. Thus, variable expenses are high, totaling $25.20 per ball, of which 60% is direct labor cost. Last year, the company sold 47,000 of these balls, with the following results: Sales (47,000 balls) Variable expenses Contribution margin Fixed expenses Net operating income $ 1,974,000 1,184,400 789,600 588,000 $ 201,600 Required: 1....
Northwood Company manufactures basketballs. The company has a ball that sells for $35. At present the ball is manufacturedna small plant that relies heavily on direct labor workers. Thus, variable expenses are high, totaling $2100 per ball of which 60% is direct labor cost Last year, the company sold 41,000 of these balls, with the following results: Sales (41,600 balls) Variable expenses Contribution margin Fixed expenses Net operating income $ 1,435, eee 861, eee 574, eee 420, eee $ 154,...
answer all of the questions and show the
solution
yrene Products manufactures recreational equipment. One of the company's products, a skateboard Over the past year the company sold 48,000 skateboards, with the following operating results Sales (48,000 skateboards) sells for $35 The skateboards are manufactured in an antiquated plant that relies heavily on direct labor workers. Thus, variable costs are high, totaling $24 50 per skateboard of which 70% direct labor cost S 1.680,000 1,176,000 Variable expenses Contribution margin 504,000...
Northwood Company manufactures basketballs. The company has a ball that sells for $25. At present, the ball is manufactured in a small plant that relies heavily on direct labor workers. Thus, variable expenses are high totaling $15.00 per ball of which 60% is direct labor cost. Last year, the company sold 46,000 of these balls, with the following results: $ Sales (46,000 balls) Variable expenses Contribution margin Fixed expenses Net operating income 1,150,000 690,000 460,000 318,000 142,000 Required: 1. Compute...
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