Homework Answers
| Sales Revenue | 8,000.00 |
| Variable Cost | 4,500.00 |
| Contribution Margin | 3,500.00 |
| Fixed Cost | 2,620.00 |
| Operating Income | 880.00 |
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Writer One Inc. manufactures ball point pens that sell at wholesale for $0.80 per unit. Budgeeted...
Yale Company manufactures hair brushes that sell at wholesale for $3 per unit. The company had...
Yale Company manufactures hair brushes that sell at wholesale for $3 per unit. The company had no beginning inventory in the prior year. These data summarize the current and prior year operations: Prior Year Current Year Sales 3,400 units 7,000 units Production 5,200 units 5,200 units Production cost Factory—variable (per unit) $ 0.60 $ 0.60 —fixed $ 2,600 $ 2,600 Marketing—variable $ 0.40 $ 0.40 Administrative—fixed $ 500 $ 500 Required: 1. Prepare an income statement for each year...
Yale Company manufactures hair brushes that sell at wholesale for $3 per unit. The company had...
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Yale Company manufactures hair brushes that sell at wholesale for $3 per unit. The company had...
Yale Company manufactures hair brushes that sell at wholesale for $3 per unit. The company had no beginning inventory in the prior year. These data summarize the current and prior year operations: Prior Year Current Year Sales 2,000 units 2,800 units Production 2,400 units 2,400 units Production cost Factory—variable (per unit) $ 0.60 $ 0.60 —fixed $ 1,200 $ 1,200 Marketing—variable $ 0.40 $ 0.40 Administrative—fixed $ 500 $ 500 Required: 1. Prepare an income statement for each year based...
Yale Company manufactures hair brushes that sell at wholesale for $3 per unit. The company had no beginning inventory in...
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Yale Company manufactures hair brushes that sell at wholesale for $3 per unit. The company had...
Yale Company manufactures hair brushes that sell at wholesale for $3 per unit. The company had no beginning inventory in the prior year. These data summarize the current and prior year operations: Prior Year 3,200 units 4,800 units Current Year 6,400 units 4,800 units Sales Production Production cost Factory-variable (per unit) -fixed Marketing-variable Administrative-fixed $ 0.60 $2,400 $ 0.40 $ 500 $ 0.60 $2,400 $ 0.40 $ 500 Required: 1. Prepare an income statement for each year based on full...
Carter Manufacturing Company manufactures exclusive pens which sell for $71 per unit. Its unit variable costs...
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Yale Company manufactures hair brushes that sell at wholesale for $3 per unit. The company had...
Yale Company manufactures hair brushes that sell at wholesale for $3 per unit. The company had no beginning inventory in the prior year. These data summarize the current and prior year operations: Prior Year 3,300 units 5,800 units Current Year 6,700 units 5,800 units Sales Production Production cost Factory-variable (per unit) -fixed Marketing-variable Administrative-fixed $ 8.60 $ 2, see $ 0.40 $ See $ 8.60 $ 2,500 $ 0.40 $ See Required: 1. Prepare an income statement for each year...
The Brewer Company manufactures and sells pens. Currently, 5,300,000 units are sold per year at $0.50...
The Brewer Company manufactures and sells pens. Currently, 5,300,000 units are sold per year at $0.50 per unit. Fixed costs are $900,000 per year. Variable costs are $0.30 per unit Read the requirements. Requirements Requireme (a) Start by Operating income Consider each case separately: 1. a. What is the current annual operating income? b. What is the current breakeven point in revenues? Compute the new operating income for each of the following changes: 2. A $0.08 per unit increase in...
Diego Company manufactures one product that is sold for $81 per unit in two geographic regions—the...
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Diego Company manufactures one product that is sold for $70 per unit in two geographic regions—the...
Diego Company manufactures one product that is sold for $70 per unit in two geographic regions—the East and West regions. The following information pertains to the company's first year of operations in which it produced 53,000 units and sold 48,000 units. 10 Variable costs per unit: Manufacturing Direct materials Direct labor Variable manufacturing overhead Variable selling and administrative Fixed costs per year. Fixed manufacturing overhead Fixed selling and administrative expenses 2. s 1,060,000 S 557,000 The company sold 36,000 units...
Yale Company manufactures hair brushes that sell at wholesale for $3 per unit. The company had no beginning inventory in the prior year. These data summarize the current and prior year operations: Prior Year 3,200 units 4,800 units Current Year 6,400 units 4,800 units Sales Production Production cost Factory-variable (per unit) -fixed Marketing-variable Administrative-fixed $ 0.60 $2,400 $ 0.40 $ 500 $ 0.60 $2,400 $ 0.40 $ 500 Required: 1. Prepare an income statement for each year based on full...
Yale Company manufactures hair brushes that sell at wholesale for $3 per unit. The company had no beginning inventory in the prior year. These data summarize the current and prior year operations: Prior Year 3,300 units 5,800 units Current Year 6,700 units 5,800 units Sales Production Production cost Factory-variable (per unit) -fixed Marketing-variable Administrative-fixed $ 8.60 $ 2, see $ 0.40 $ See $ 8.60 $ 2,500 $ 0.40 $ See Required: 1. Prepare an income statement for each year...
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Diego Company manufactures one product that is sold for $81 per unit in two geographic regions—the East and West regions. The following information pertains to the company's first year of operations in which it produced 52.000 units and sold 47,000 units. Variable costs per unit: Manufacturing: Direct materials Direct labor Variable manufacturing overhead Variable selling and administrative Fixed costs per year. Fixed manufacturing overhead Fixed selling and administrative expenses S S S 20 20 4 $936,000 S552,000 The company sold...
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