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Question 1 ABC Company estimates the following data for the coming month Total variable costs $60,000.00...
ABC Company estimates the following data for the coming month Total variable costs ?5??? 40,000.00 Income...
ABC Company estimates the following data for the coming month Total variable costs ?5??? 40,000.00 Income tax rate 40% Contribution margin percentage 50% Estimated net income $6,000.00 Find the estimated operating income for the coming month. a. Between 0 and $20,000.00 b. Between $20,000.00 and $40,000.00 c. Between $40,001.00 and $60,000.00 d. Between $60,000 and 80,001.00 ABC Company estimates the following data for the coming month Total variable costs 2577240 000.00 Income tax rate 40% Contribution margin percentage 50% Estimated...
ABC Company estimates the following data for the coming month: total variable costs $48,000.00, income tax...
ABC Company estimates the following data for the coming month: total variable costs $48,000.00, income tax rate 30%, total fixed costs $10,000, contribution margin percentage 20%. Find the estimated operating income for the coming month. a. $2,000 b. $10,000 c. $10,000 X (100%-30%) d. Between $7,000 and $10,000
NM company estimates the following costs for the coming month: Overhead (indirect costs) to direct labor...
NM company estimates the following costs for the coming month: Overhead (indirect costs) to direct labor ratio 60% Direct material to total costs ratio 20% Estimated total costs $100,000 Find Direct labor costs 1. $20,000.00 2. $30,000.00 3. $50,000.00 4. $70,000.00 5. $80,000.00
NM company estimates the following costs for the coming month Variable overhead to direct labor ratio...
NM company estimates the following costs for the coming month Variable overhead to direct labor ratio Fixed overhead costs Direct material to total costs ratio Estimated total costs Find variable overhead costs 60% $10,000 20% $100,000 O 1. Between 25,000.00 and $30,000.00 2. Between $38,000.00 and $44,000.00 3. Between $48,000.00 and $51.000.00 4. Between $58,000.00 and $62.000.00 ●ラ Moving to another question will save this response.
Jordan Company produces a single product. The projected income statement for the coming month, based on...
Jordan Company produces a single product. The projected income statement for the coming month, based on sales of 20,000 units is: Sales $200,000 Less: Variable costs 140,000 Contribution margin $ 60,000 Less: Fixed costs 45,000 Operating income $ 15,000 Instructions: 1. Compute the unit contribution margin and the number of units that must be sold to break even. Suppose that 3,000 units are sold above the break-even point. What is the profit? 2. Compute the contribution margin ratio and the...
For the coming year, Belton Company estimates fixed costs of $60,000, the unit variable cost of...
For the coming year, Belton Company estimates fixed costs of $60,000, the unit variable cost of $25, and the unit selling price of $50. a. Determine the break-even point in units of sales. b. Determine the unit sales required to realize operating income of $100,000. c. Determine the probable operating income if sales total $400,000.
ABC Company operates two divisions with the following sales and expense information for the month of...
ABC Company operates two divisions with the following sales and
expense information for the month of August:
Division 1: sales, $144,000; contribution margin ratio, 50%; direct
fixed expenses, $30,000.
Division 2: sales, $98,000; contribution margin ratio, 70%; direct
fixed expenses, $19,000.
ABC Company’s total fixed expenses during August was
$121,600.
Required:
Prepare a segmented income statement for ABC Company to determine
the segment margin for Divisions 1 and 2 and the operating income
for ABC Company.
ABC Company operates two...
Question C.1 (12 Marks) Define relevant costs. Why are historical costs irrelevant? a. b. Distinguish between quantitative and qualitative factors in decision making. Why are qualitative factors...
Question C.1 (12 Marks) Define relevant costs. Why are historical costs irrelevant? a. b. Distinguish between quantitative and qualitative factors in decision making. Why are qualitative factors important in decision making? Sunny Inc. produces 40 000 MP3 Players each month. The market price per MP3 Player is $40. The following data is relevant to MP3 Players' production and sales in November 2018 c. Direct material costs S389 870 Direct labor costs S265 900 Variable manufacturing overhead costs S224 230 Variable...
ABC Company operates two divisions with the following sales and expense information for the month of...
ABC Company operates two divisions with the following sales and expense information for the month of August: Division 1: sales, $150,000; contribution margin ratio, 50%; direct fixed expenses, $31,500. Division 2: sales, $102,500; contribution margin ratio, 70%; direct fixed expenses, $19,750. ABC Company’s total fixed expenses during August was $127,000. Required: Prepare a segmented income statement for ABC Company to determine the segment margin for Divisions 1 and 2 and the operating income for ABC Company. total company division 1...
. Erikson Company estimates $150,000/month for total fixed costs and the variable costs per unit are...
. Erikson Company estimates $150,000/month for total fixed costs and the variable costs per unit are estimated at $10.00. A.) Express the total cost in a cost formula. B.) Calculate the total cost based on the following production levels: • 15,000 units • 20,000 units • 25,000 units
ABC Company estimates the following data for the coming month Total variable costs ?5??? 40,000.00 Income tax rate 40% Contribution margin percentage 50% Estimated net income $6,000.00 Find the estimated operating income for the coming month. a. Between 0 and $20,000.00 b. Between $20,000.00 and $40,000.00 c. Between $40,001.00 and $60,000.00 d. Between $60,000 and 80,001.00 ABC Company estimates the following data for the coming month Total variable costs 2577240 000.00 Income tax rate 40% Contribution margin percentage 50% Estimated...
NM company estimates the following costs for the coming month: Overhead (indirect costs) to direct labor ratio 60% Direct material to total costs ratio 20% Estimated total costs $100,000 Find Direct labor costs 1. $20,000.00 2. $30,000.00 3. $50,000.00 4. $70,000.00 5. $80,000.00
NM company estimates the following costs for the coming month Variable overhead to direct labor ratio Fixed overhead costs Direct material to total costs ratio Estimated total costs Find variable overhead costs 60% $10,000 20% $100,000 O 1. Between 25,000.00 and $30,000.00 2. Between $38,000.00 and $44,000.00 3. Between $48,000.00 and $51.000.00 4. Between $58,000.00 and $62.000.00 ●ラ Moving to another question will save this response.
ABC Company operates two divisions with the following sales and
expense information for the month of August:
Division 1: sales, $144,000; contribution margin ratio, 50%; direct
fixed expenses, $30,000.
Division 2: sales, $98,000; contribution margin ratio, 70%; direct
fixed expenses, $19,000.
ABC Company’s total fixed expenses during August was
$121,600.
Required:
Prepare a segmented income statement for ABC Company to determine
the segment margin for Divisions 1 and 2 and the operating income
for ABC Company.
ABC Company operates two...
Question C.1 (12 Marks) Define relevant costs. Why are historical costs irrelevant? a. b. Distinguish between quantitative and qualitative factors in decision making. Why are qualitative factors important in decision making? Sunny Inc. produces 40 000 MP3 Players each month. The market price per MP3 Player is $40. The following data is relevant to MP3 Players' production and sales in November 2018 c. Direct material costs S389 870 Direct labor costs S265 900 Variable manufacturing overhead costs S224 230 Variable...
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