Homework Answers
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 | |||||
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caps lock Superior Company Company provided the following data for the year ended December 31. Superior...
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...
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 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 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 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 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 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 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 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 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 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...
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