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Homework 3 Question 1: Company X sells product B. Unit sales revenue of product B is...
Question 1: Company X sells product B. Unit sales revenue of product B is 15 TL....
Question 1: Company X sells product B. Unit sales revenue of product B is 15 TL. Unit variable cost for product B is 12 TL. Total fixed cost of Company X is 600.000 TL. Required: a) Calculate contribution margin ratio for product B. b) Calculate the revenue to be earned in order to yield an operating income of 120.000 TL. Use contribution margin method. c) What is total revenue at Break Even Point? Use any method you like.
Question 1: Company X sells product B Unit sales revenue of product B is 15 TL...
Question 1: Company X sells product B Unit sales revenue of product B is 15 TL Unit variable cost for product B is 12 TL Total fixed cost of Company X is 600.000 TL Required: a) Calculate contribution margin ratio for product B. b) Calculate the revenue to be earned in order to yield an operating income of 120.000 TL Use contribution margin method. c) What is total revenue at Break Even Point? Use any method you like. Question 2:...
Question 3: Company XY sells two types of hats, A and B. Sales mix sells two...
Question 3: Company XY sells two types of hats, A and B. Sales mix sells two types of hats, A and B. Sales mix of Company XY includes 20.000 hat A's and 50.000 hat B's. Unit sales price is 50 TL, and unit variable cost is 30 TL for hat A. Unit sales price is 35 TL, and unit variable cost is 20 TL for hat B. Total fixed cost of Company XY is 805.000 TL Required: a) How many...
Question 4: Company A has two alternatives as below: Alternative Unit Sales Revenue: $13 Direct Labor...
Question 4: Company A has two alternatives as below: Alternative Unit Sales Revenue: $13 Direct Labor Cost : $5 Direct Material Cost : $3 Total Fix Cost : $1.500.000 Alternative 11 Unit Sales Revenue: $13 Direct Labor Cost : $3 Direct Material Cost : $3 Total Fix Cost: $2.100.000 Required: a) According to Alternative I, how much revenue is needed to be earned to reach to Break Even Point? (unit contribution margin ratio) b) According to Alternative II, how much...
Zachary Company makes a product that sells for $30 per unit. The company pays $11 per...
Zachary Company makes a product that sells for $30 per unit. The company pays $11 per unit for the variable costs of the product and Incurs annual fixed costs of $165,300. Zachary expects to sell 22,100 units of product Required Determine Zachary's margin of safety expressed as a percentage. (Round your answer to 2 decimal places. (.e, 0.2345 should be entered as 23.45) Margin of safety % Reld Company is considering the production of a new product. The expected variable...
Basic Break-Even Calculations Suppose that Adams Company sells a product for $22.00. Unit costs are as...
Basic Break-Even Calculations Suppose that Adams Company sells a product for $22.00. Unit costs are as follows: Direct materials $3.80 Direct labour 1.40 Variable factory overhead 2.30 Variable selling and administrative expense 1.40 Total fixed factory overhead is $74,840 per year, and total fixed selling and administrative expense is $54,195. Required: 1. Calculate the variable cost per unit and the contribution margin per unit. Round your answers to the nearest cent and use rounded amounts in subsequent requirements. Variable cost...
Instructions Multiple-Product Break-even, Break-Even Sales Revenue Cherry Blossom Products Inc. produces and sells yoga-training products: how-to...
Instructions Multiple-Product Break-even, Break-Even Sales Revenue Cherry Blossom Products Inc. produces and sells yoga-training products: how-to DVDS and a basic equipment set (blocks, strap, and small pillows). Last year, Cherry Blossom Products sold 13,500 DVDS and 4,500 equipment sets. Information on the two products is as follows: Equipment Sets DVDS Price $8 $25 Variable cost per unit 15 Total fixed cost is $98,550. Suppose that in the coming year, the company plans to produce an extra-thick yoga mat for sale...
Ritchie Manufacturing Company makes a product that it sells for $150 per unit. The company incurs...
Ritchie Manufacturing Company makes a product that it sells for $150 per unit. The company incurs variable manufacturing costs of $76 per unit. Variable selling expenses are $14 per unit, annual fixed manufacturing costs are $352,000, and fixed selling and administrative costs are $266,000 per year. Required Determine the break-even point in units and dollars using each of the following approaches: a. Use the equation method. b. Use the contribution margin per unit approach. c. Use the contribution margin ratio...
Ritchie Manufacturing Company makes a product that it sells for $150 per unit. The company incurs...
Ritchie Manufacturing Company makes a product that it sells for $150 per unit. The company incurs variable manufacturing costs of $76 per unit. Variable selling expenses are $14 per unit, annual fixed manufacturing costs are $352,000, and fixed selling and administrative costs are $266,000 per year. Required Determine the break-even point in units and dollars using each of the following approaches: a. Use the equation method. b. Use the contribution margin per unit approach. c. Use the contribution margin ratio...
Ritchie Manufacturing Company makes a product that it sells for $200 per unit. The company incurs...
Ritchie Manufacturing Company makes a product that it sells for $200 per unit. The company incurs variable manufacturing costs of $110 per unit. Variable selling expenses are $20 per unit, annual fixed manufacturing costs are $466,000, and fixed selling and administrative costs are $269,000 per year. Required Determine the break-even point in units and dollars using each of the following approaches: a. Use the equation method. b. Use the contribution margin per unit approach. c. Prepare a contribution margin income...
Question 1: Company X sells product B. Unit sales revenue of product B is 15 TL. Unit variable cost for product B is 12 TL. Total fixed cost of Company X is 600.000 TL. Required: a) Calculate contribution margin ratio for product B. b) Calculate the revenue to be earned in order to yield an operating income of 120.000 TL. Use contribution margin method. c) What is total revenue at Break Even Point? Use any method you like.
Question 1: Company X sells product B Unit sales revenue of product B is 15 TL Unit variable cost for product B is 12 TL Total fixed cost of Company X is 600.000 TL Required: a) Calculate contribution margin ratio for product B. b) Calculate the revenue to be earned in order to yield an operating income of 120.000 TL Use contribution margin method. c) What is total revenue at Break Even Point? Use any method you like. Question 2:...
Question 3: Company XY sells two types of hats, A and B. Sales mix sells two types of hats, A and B. Sales mix of Company XY includes 20.000 hat A's and 50.000 hat B's. Unit sales price is 50 TL, and unit variable cost is 30 TL for hat A. Unit sales price is 35 TL, and unit variable cost is 20 TL for hat B. Total fixed cost of Company XY is 805.000 TL Required: a) How many...
Question 4: Company A has two alternatives as below: Alternative Unit Sales Revenue: $13 Direct Labor Cost : $5 Direct Material Cost : $3 Total Fix Cost : $1.500.000 Alternative 11 Unit Sales Revenue: $13 Direct Labor Cost : $3 Direct Material Cost : $3 Total Fix Cost: $2.100.000 Required: a) According to Alternative I, how much revenue is needed to be earned to reach to Break Even Point? (unit contribution margin ratio) b) According to Alternative II, how much...
Zachary Company makes a product that sells for $30 per unit. The company pays $11 per unit for the variable costs of the product and Incurs annual fixed costs of $165,300. Zachary expects to sell 22,100 units of product Required Determine Zachary's margin of safety expressed as a percentage. (Round your answer to 2 decimal places. (.e, 0.2345 should be entered as 23.45) Margin of safety % Reld Company is considering the production of a new product. The expected variable...
Basic Break-Even Calculations Suppose that Adams Company sells a product for $22.00. Unit costs are as follows: Direct materials $3.80 Direct labour 1.40 Variable factory overhead 2.30 Variable selling and administrative expense 1.40 Total fixed factory overhead is $74,840 per year, and total fixed selling and administrative expense is $54,195. Required: 1. Calculate the variable cost per unit and the contribution margin per unit. Round your answers to the nearest cent and use rounded amounts in subsequent requirements. Variable cost...
Instructions Multiple-Product Break-even, Break-Even Sales Revenue Cherry Blossom Products Inc. produces and sells yoga-training products: how-to DVDS and a basic equipment set (blocks, strap, and small pillows). Last year, Cherry Blossom Products sold 13,500 DVDS and 4,500 equipment sets. Information on the two products is as follows: Equipment Sets DVDS Price $8 $25 Variable cost per unit 15 Total fixed cost is $98,550. Suppose that in the coming year, the company plans to produce an extra-thick yoga mat for sale...
Ritchie Manufacturing Company makes a product that it sells for $150 per unit. The company incurs variable manufacturing costs of $76 per unit. Variable selling expenses are $14 per unit, annual fixed manufacturing costs are $352,000, and fixed selling and administrative costs are $266,000 per year. Required Determine the break-even point in units and dollars using each of the following approaches: a. Use the equation method. b. Use the contribution margin per unit approach. c. Use the contribution margin ratio...
Ritchie Manufacturing Company makes a product that it sells for $150 per unit. The company incurs variable manufacturing costs of $76 per unit. Variable selling expenses are $14 per unit, annual fixed manufacturing costs are $352,000, and fixed selling and administrative costs are $266,000 per year. Required Determine the break-even point in units and dollars using each of the following approaches: a. Use the equation method. b. Use the contribution margin per unit approach. c. Use the contribution margin ratio...
Ritchie Manufacturing Company makes a product that it sells for $200 per unit. The company incurs variable manufacturing costs of $110 per unit. Variable selling expenses are $20 per unit, annual fixed manufacturing costs are $466,000, and fixed selling and administrative costs are $269,000 per year. Required Determine the break-even point in units and dollars using each of the following approaches: a. Use the equation method. b. Use the contribution margin per unit approach. c. Prepare a contribution margin income...
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