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PROBLEM 2 Ottawa Co. manufactured 200,000 units in 2016.. Variable manu per unit. Variable S&A expense...
PROBLEM 2 Ottawa Co. manufactured 200.000 unite in 2016 Variable manufacturing cost was 20 per unit....
PROBLEM 2 Ottawa Co. manufactured 200.000 unite in 2016 Variable manufacturing cost was 20 per unit. Variable S&A expense was $10 per unit. Fixed manufacturi SOVO,000. Fixed S&A cost was $400.000.000.000 units were sold at $40 per un 20000 Prepare a CM format income statement.
Number of units sold Selling price per unit Variable selling expense per unit Variable administrative expense...
Number of units sold Selling price per unit Variable selling expense per unit Variable administrative expense per unit Total fixed selling expense Total fixed administrative expense Beginning merchandise inventory Ending merchandise inventory Merchandise purchases 20,000 $30 $4 $2 $40,000 $30,000 $24,000 $44,000 $180,000 2. Prepare a contribution format income statement Cherokee, Inc. Contribution Format Income Statement Sales. Variable expenses: Cost of goods sold. Selling expense Administrative expenses Fixed expenses: Selling expenses Administrative expenses... Net operating income ....
Amount 13,000 Number of units sold Selling price per unit Variable selling expense per unit Variable...
Amount 13,000 Number of units sold Selling price per unit Variable selling expense per unit Variable administrative expense per unit Total fixed selling expense Total fixed administrative expense Beginning merchandise inventory Ending merchandise inventory Merchandise purchases $ 21,000 $ 15,000 $ 9,000 $ 25,000 $ 90,000 Required: 1. Prepare a traditional income statement. 2. Prepare a contribution format income statement. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Prepare a contribution format income...
1. Alvin Inc. planned and actually manufactured 200,000 units of its single product in 2019, its...
1. Alvin Inc. planned and actually manufactured 200,000 units of its single product in 2019, its first year of operations. Variable manufacturing costs were $30 per unit of product produced. Planned and actual fixed manufacturing costs were $600,000, and fixed marketing and administrative costs totaled $400,000 in 2019. Alvin sold 120,000 units of product in 2019 at a selling price of $40 per unit. What is Alvin's 2019 operating income using variable costing? What is Alvin's 2019 operating income using...
Number of units sold Selling price per unit Variable selling expense per unit Variable administrative expense...
Number of units sold Selling price per unit Variable selling expense per unit Variable administrative expense per unit Total fixed selling expense Total fixed administrative expense Beginning merchandise inventory Ending merchandise inventory Merchandise purchases 11,000 18 $ 22,000 15,000 s 10,000 25,000 $ 89,000 Required 1. Prepare a traditional income statement. 2. Prepare a contribution format income statement. Complete this question by entering your answers in the tabs below Required 1Required 2 Prepare a traditional income statement Cherokee, Inc. Traditional...
Number of units sold Selling price per unit Variable selling expense per unit Variable administrative expense...
Number of units sold Selling price per unit Variable selling expense per unit Variable administrative expense per unit Total fixed selling expense Total fixed administrative expense Beginning merchandise inventory Ending merchandise inventory Merchandise purchases 11,000 17 1 3 $ 21,000 $ 15,000 $ 8,000 $ 25,000 $ 86,000 points Required: 1. Prepare a traditional income statement. 2. Prepare a contribution format income statement. Answer is not complete. Complete this question by entering your answers in the tabs below. Required 1...
A product is sold at $40 per unit, the variable expense per unit is $20, and...
A product is sold at $40 per unit, the variable expense per unit is $20, and total fixed expenses are $200,000, what are the breakeven sales in dollars? A. $400,000 B. $100,000 C. $105,000 D. $5,000
Amount 20,000 30 Number of units sold Selling price per unit Variable selling expense per unit...
Amount 20,000 30 Number of units sold Selling price per unit Variable selling expense per unit Variable administrative expense per unit Total fixed selling expense Total fixed administrative expense Beginning merchandise inventory Ending merchandise inventory Merchandise purchases 2 $ 40,000 $ 30,000 $ 24,000 $ 44,000 $ 180,000 Required: 1. Prepare a traditional income statement. 2. Prepare a contribution format income statement. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Prepare a traditional...
1. if 9,000 units are sold, what is the variable cost per unit sold? 2. if...
1. if 9,000 units are sold, what is the variable cost per unit
sold?
2. if 9,000 units are sold what is the total amount of
variable costs related to the units sold?
Martinez Company's relevant range of production is 8.500 units to 13,500 units. When it produces and sells 11,000 units, its unit costs are as follows: Direct materials Direct labor Variable manufacturing overhead Fixed manufacturing overhead Fixed selling expense Fixed administrative expense Sales commissions Variable administrative expense Amount...
In 2016, Vaughn Manufacturing sold 3000 units at $1000 each. Variable expenses were $560 per unit,...
In 2016, Vaughn Manufacturing sold 3000 units at $1000 each. Variable expenses were $560 per unit, and fixed expenses were $780000. The same variable expenses per unit and fixed expenses are expected for 2017. If Vaughn cuts selling price by 4%, what is Vaughn’s break-even point in units for 2017? a. 1773. b. 1875. c. 1950. d. 1847.
PROBLEM 2 Ottawa Co. manufactured 200.000 unite in 2016 Variable manufacturing cost was 20 per unit. Variable S&A expense was $10 per unit. Fixed manufacturi SOVO,000. Fixed S&A cost was $400.000.000.000 units were sold at $40 per un 20000 Prepare a CM format income statement.
Number of units sold Selling price per unit Variable selling expense per unit Variable administrative expense per unit Total fixed selling expense Total fixed administrative expense Beginning merchandise inventory Ending merchandise inventory Merchandise purchases 20,000 $30 $4 $2 $40,000 $30,000 $24,000 $44,000 $180,000 2. Prepare a contribution format income statement Cherokee, Inc. Contribution Format Income Statement Sales. Variable expenses: Cost of goods sold. Selling expense Administrative expenses Fixed expenses: Selling expenses Administrative expenses... Net operating income ....
Amount 13,000 Number of units sold Selling price per unit Variable selling expense per unit Variable administrative expense per unit Total fixed selling expense Total fixed administrative expense Beginning merchandise inventory Ending merchandise inventory Merchandise purchases $ 21,000 $ 15,000 $ 9,000 $ 25,000 $ 90,000 Required: 1. Prepare a traditional income statement. 2. Prepare a contribution format income statement. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Prepare a contribution format income...
Number of units sold Selling price per unit Variable selling expense per unit Variable administrative expense per unit Total fixed selling expense Total fixed administrative expense Beginning merchandise inventory Ending merchandise inventory Merchandise purchases 11,000 18 $ 22,000 15,000 s 10,000 25,000 $ 89,000 Required 1. Prepare a traditional income statement. 2. Prepare a contribution format income statement. Complete this question by entering your answers in the tabs below Required 1Required 2 Prepare a traditional income statement Cherokee, Inc. Traditional...
Number of units sold Selling price per unit Variable selling expense per unit Variable administrative expense per unit Total fixed selling expense Total fixed administrative expense Beginning merchandise inventory Ending merchandise inventory Merchandise purchases 11,000 17 1 3 $ 21,000 $ 15,000 $ 8,000 $ 25,000 $ 86,000 points Required: 1. Prepare a traditional income statement. 2. Prepare a contribution format income statement. Answer is not complete. Complete this question by entering your answers in the tabs below. Required 1...
Amount 20,000 30 Number of units sold Selling price per unit Variable selling expense per unit Variable administrative expense per unit Total fixed selling expense Total fixed administrative expense Beginning merchandise inventory Ending merchandise inventory Merchandise purchases 2 $ 40,000 $ 30,000 $ 24,000 $ 44,000 $ 180,000 Required: 1. Prepare a traditional income statement. 2. Prepare a contribution format income statement. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Prepare a traditional...
1. if 9,000 units are sold, what is the variable cost per unit
sold?
2. if 9,000 units are sold what is the total amount of
variable costs related to the units sold?
Martinez Company's relevant range of production is 8.500 units to 13,500 units. When it produces and sells 11,000 units, its unit costs are as follows: Direct materials Direct labor Variable manufacturing overhead Fixed manufacturing overhead Fixed selling expense Fixed administrative expense Sales commissions Variable administrative expense Amount...
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