Question

caps lock Superior Company Company provided the following data for the year ended December 31. Superior closes any under-or o
11 Our company makes and sells three products: A, B, and C. Selected GAAP income statement information is below: B C 10,000 2
0 0
Add a comment Improve this question Transcribed image text
Answer #1

As HOMEWORKLIB honor code if more than one question is asked then only one question is to be solved so only second question is solved hope you understand for answer of first question kindly post it again

Thank you

Answer 2.

Answer: 2 E. $1,062,054
Calculation of Contribution
A B C
a Gross margin $          11,100 $          31,200 $            41,900
b Fixed manufacturing cost $          40,000 $        198,000 $            77,100
c Fixed non manufacturing cost $          68,900 $          70,800 $            21,000
d= a+b+c Contribution $        120,000 $        300,000 $          140,000
e Sale $        300,000 $        500,000 $          450,000
f = d*100/e Contribution margin 40% 60% 31.11%
Product Contribution X Sales = Total Weighted Contribution
A 40 x $        300,000 = $    12,000,000
B 60 x $        500,000 = $    30,000,000
C 31.11 x $        450,000 = $    13,999,500
Total $    1,250,000 = $    55,999,500
Weighted Contribution = Total Weighted Contribution = $ 55,999,500
Total Sales $    1,250,000
Weighted Contribution = 44.80 %
A B C
Fixed manufacturing cost $          40,000 $        198,000 $          77,100
Fixed non manufacturing cost $          68,900 $          70,800 $          21,000
$        108,900 $        268,800 $          98,100
Overall total fixed cost =108900+268800+98100 = $        475,800
Calculaiton of Break even point
Breakeven point = Total Fixed cost = $        475,800
Weighted Contribution margin 44.80%
Breakeven point = $                                                               1,062,054
Add a comment
Know the answer?
Add Answer to:
caps lock Superior Company Company provided the following data for the year ended December 31. Superior...
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Not the answer you're looking for? Ask your own homework help question. Our experts will answer your question WITHIN MINUTES for Free.
Similar Homework Help Questions
  • 11 Our company makes and sells three products: A, B, and C. Selected GAAP income statement...

    11 Our company makes and sells three products: A, B, and C. Selected GAAP income statement information is below: 20,000 $300,000 $100,000 5,000 $500,000 $150,000 10,000 $450,000 $160,000 Units sold Sales Gross margin Fixed Manufacturing Costs allocated to products by machine hours Fixed Non-Manufacturing Costs allocated to products by various methods GAAP Net Operating Income by products $40,000 $198,000 $77,100 $68,900 $11,100 $70,800 $31,200 $21,000 $41,900 Assuming constant sales mix, our breakeven revenue point in dollars is closest to $358,705...

  • 17 Superior Company provided the following data for the year ended December 31. Superior closes any...

    17 Superior Company provided the following data for the year ended December 31. Superior closes any under-or over-applied overhead costs to cost of goods sold at the end of the year. Selling and administrative expense Sales Actual manufacturing overhead cost Total manufacturing cost for the year Cost of goods manufactured Direct labor cost Net operating income (after adjustment) Finished goods (beginning balance) Finished goods (ending balance) S 12,000 $ 87,000 $ 19,000 $ 45,000 $ 37,000 $ 10,000 $ 42,000...

  • The correct answer is E but I don't know how to get to that number. 11...

    The correct answer is E but I don't know how to get to that number. 11 Our company makes and sells three products: A, B, and C. Selected GAAP income statement information is below: 20,000 $300,000 $100,000 5,000 $500,000 $150,000 10,000 $450,000 $160,000 Units sold Sales Gross margin Fixed Manufacturing Costs allocated to products by machine hours Fixed Non-Manufacturing Costs allocated to products by various methods GAAP Net Operating Income by products $40,000 $198.000 $77,100 $68,900 $11,100 $70,800 $31,200 $21,000...

  • 17 Superior Company provided the following data for the year ended December 31. Superior closes any...

    17 Superior Company provided the following data for the year ended December 31. Superior closes any under-or over-applied overhead costs to cost of goods sold at the end of the year. Selling and administrative expense Sales Actual manufacturing overhead cost Total manufacturing cost for the year Cost of goods manufactured Direct labor cost Net operating income (after adjustment) Finished goods (beginning balance) Finished goods (ending balance) $ 12,000 $ 87,000 19.000 $ 45,000 $ 37,000 $ 10,000 S 42,000 $...

  • Superior Company provided the following data for the year ended December 31 (all raw materials are...

    Superior Company provided the following data for the year ended December 31 (all raw materials are used in production as direct materials): Selling expenses Purchases of raw materials Direct labor Administrative expenses Manufacturing overhead applied to work in process Actual manufacturing overhead cost $ 140,000 $ 290,000 ? $ 100,000 $ 285,000 $ 270,000 Inventory balances at the beginning and end of the year were as follows: Raw materials Work in process Finished goods Beginning of Year $ 40,000 ?...

  • Superior Company provided the following data for the year ended December 31 (all raw materials are...

    Superior Company provided the following data for the year ended December 31 (all raw materials are used in production as direct materials): Selling expenses Purchases of raw materials Direct labor Administrative expenses Manufacturing overhead applied to work in process Actual manufacturing overhead cost $ 216,000 $ 264,000 ? $ 158,000 $ 378,000 $ 360,000 Inventory balances at the beginning and end of the year were as follows: Raw materials Work in process Finished goods Beginning $ 59,000 ? $ 37,000...

  • Superior Company provided the following data for the year ended December 31 (all raw materials are...

    Superior Company provided the following data for the year ended December 31 (all raw materials are used in production as direct materials): Selling expenses $ 216,000 Purchases of raw materials $ 263,000 Direct labor ? Administrative expenses $ 151,000 Manufacturing overhead applied to work in process $ 371,000 Actual manufacturing overhead cost $ 351,000 Inventory balances at the beginning and end of the year were as follows: Beginning of Year End of Year Raw materials $ 51,000 $ 40,000 Work...

  • Superior Company provided the following data for the year ended December 31 (all raw materials are...

    Superior Company provided the following data for the year ended December 31 (all raw materials are used in production as direct materials): Selling expenses $ 218,000 Purchases of raw materials $ 261,000 Direct labor ? Administrative expenses $ 156,000 Manufacturing overhead applied to work in process $ 364,000 Actual manufacturing overhead cost $ 352,000 Inventory balances at the beginning and end of the year were as follows: Beginning of Year End of Year Raw materials $ 55,000 $ 37,000 Work...

  • Superior Company provided the following data for the year ended December 31 (all raw materials are...

    Superior Company provided the following data for the year ended December 31 (all raw materials are used in production as direct materials): $ 219,000 268,000 Selling expenses Purchases of raw materials Direct labor Administrative expenses Manufacturing overhead applied to work in process Actual manufacturing overhead cost 153,000 5 366,000 $ 353,000 Inventory balances at the beginning and end of the year were as follows: Raw materials Work in process Finished goods Beginning $ 60,000 ? $ 31,000 Ending $ 35,000...

  • Superior Company provided the following data for the year ended December 31 (all raw materials are...

    Superior Company provided the following data for the year ended December 31 (all raw materials are used in production as direct materials) Selling expenses Purchases of raw materials Direct labor Administrative expenses Manufacturing overhead applied to work in process Actual manufacturing overhead cost $ 219,000 $ 268,000 > $ 153,000 $366,000 $ 353,000 3:54:52 Inventory balances at the beginning and end of the year were as follows: Beginning $ 60,000 Raw materials Work in process Finished goods Ending $ 35,000...

ADVERTISEMENT
Free Homework Help App
Download From Google Play
Scan Your Homework
to Get Instant Free Answers
Need Online Homework Help?
Ask a Question
Get Answers For Free
Most questions answered within 3 hours.
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT