Homework Answers
Devices per day after fall = 50*80% = 40
Variable cost per unit = 10,000/50 = $200
Hence, profit per day = (Sales - variable costs - Fixed costs)
= (800-200)*40 - 20,000
= $4000
Note: Fixed costs do not change with change in level of operations
Add Answer to:
Question 9 (5 points) 09. Polio manufactures and sells 50 control devices per day. Total fixed...
5) MSU manufactures and sells toy gyroscopes. The following data is related to sales and production...
5) MSU manufactures and sells toy gyroscopes. The following data is related to sales and production of the toy gyroscopes for last year. $8.00 $ 1.83 Selling price per unit Variable manufacturing costs per unit Variable selling and administrative expenses per unit Fixed manufacturing overhead (in total) Fixed selling and administrative expenses (in total) Units produced during the year Units sold during the year $ 75,000 $ 80,000 500,000 150,000 Using variable costing, what is the operating income for last...
Hixson Company manufactures and sells one product for $34 per unit. The company maintains no beginning...
Hixson Company manufactures and sells one product for $34 per unit. The company maintains no beginning or ending inventories and its relevant range of production is 20,000 units to 30,000 units. When Hixson produces and sells 25,000 units, its unit costs are as follows: Direct materials Direct labor Variable manufacturing overhead Fixed manufacturing overhead Fixed selling expense Fixed administrative expense Sales commissions Variable administrative expense Amount Per Unit $8.00 $5.00 $1.00 $6.00 $3.50 $2.50 $4.00 $1.00 Required: 1. For financial...
Jackson Company manufactures and sells one product for $34 per unit. The company maintains no beginning...
Jackson Company manufactures and sells one product for $34 per unit. The company maintains no beginning or ending inventories and its relevant range of production is 20,000 to 30,000 units. When Jackson produces and sells 25,000 units, its unit costs are as follows: Per Unit Amount $8.00 $5.00 Direct materials Direct labor $1.00 $6.00 $3.50 $2.50 Variable manufacturing overhead Fixed manufacturing overhead Fixed selling expense Fixed administrative expense $4.00 $1.00 Sales commissions Variable administrative expense Required: 1. For financial accounting...
Hixson Company manufactures and sells one product for $34 per unit. The company maintains no beginning...
Hixson Company manufactures and sells one product for $34 per unit. The company maintains no beginning or ending inventories and its relevant range of production is 20,000 units to 30,000 units. When Hixson produces and sells 25,000 units, its unit costs are as follows: Direct materials Direct labor Variable manufacturing overhead Fixed manufacturing overhead Fixed selling expense Fixed administrative expense Sales commissions Variable administrative expense Amount Per Unit $8.00 $5.00 $1.00 $6.00 $3.50 $2.50 $4.00 $1.00 Required: 1. For financial...
Item 7 Item 7 10 points Hixson Company manufactures and sells one product for $34 per...
Item 7 Item 7 10 points Hixson Company manufactures and sells one product for $34 per unit. The company maintains no beginning or ending inventories and its relevant range of production is 20,000 units to 30,000 units. When Hixson produces and sells 25,000 units, its unit costs are as follows: Amount Per Unit Direct materials $ 8.00 Direct labor $ 5.00 Variable manufacturing overhead $ 1.00 Fixed manufacturing overhead $ 6.00 Fixed selling expense $ 3.50 Fixed administrative expense $...
Problem 5.37A a-b Jacobson Electronics manufactures two HD television models: the Royale, which sells for $1,400,...
Problem 5.37A a-b Jacobson Electronics manufactures two HD television models: the Royale, which sells for $1,400, and a new model, the Majestic, which sells for $1,100. The production costs calculated per unit under traditional costing for each model in 2020 were as follows: Royale Majestic 1600 Traditional costing Direct materials Direct labour ($20 per hour) Manufacturing overhead ($35 per direct labour hour) Total per unit cost 100 140 175 $875 $540 In 2020, Jacobson manufactured 20,000 units of the Royale...
8 of 9 QUESTION 4 [TOTAL MARKS: 25 Marks (a) Basic Lad sells Product X for...
8 of 9 QUESTION 4 [TOTAL MARKS: 25 Marks (a) Basic Lad sells Product X for €30 each. Total unit variable costs are €15. Fixed costs for the company are €250,000. Target profit for the period is €25.000 Calculate the following for the company using appropriate formula (show all working 1. Breakeven point in units 2. Breakeven point in value 3. Sales in units to achieve the expected target profit 4. Sales in value to achieve an expected target profit...
Polaski Company manufactures and sells a single product called a Ret. Operating at capacity, the company...
Polaski Company manufactures and sells a single product called a Ret. Operating at capacity, the company can produce and sell 34,000 Rets per year. Costs associated with this level of production and sales are given below: Unit $ 25 Direct materials Direct labor Variable manufacturing overhead Fixed manufacturing overhead Variable selling expense Fixed selling expense Total cost ONW Total $ 850,000 340,000 102,000 238,000 68,000 204,000 $ 1,802,000 53 The Rets normally sell for $58 each. Fixed manufacturing overhead is...
Polaski Company manufactures and sells a single product called a Ret. Operating at capacity, the company...
Polaski Company manufactures and sells a single product called a Ret. Operating at capacity, the company can produce and sell 34,000 Rets per year. Costs associated with this level of production and sales are given below: Unit Total Direct materials $ 20 $ 680,000 Direct labor 10 340,000 Variable manufacturing overhead 3 102,000 Fixed manufacturing overhead 5 170,000 Variable selling expense 2 68,000 Fixed selling expense 6 204,000 Total cost $ 46 $ 1,564,000 The Rets normally sell for $51...
Polaski Company manufactures and sells a single product called a Ret. Operating at capacity, the company...
Polaski Company manufactures and sells a single product called a Ret. Operating at capacity, the company can produce and sell 42,000 Rets per year. Costs associated with this level of production and sales are given below: Unit Total Direct materials $ 20 $ 840,000 Direct labor 6 252,000 Variable manufacturing overhead 3 126,000 Fixed manufacturing overhead 7 294,000 Variable selling expense 4 168,000 Fixed selling expense 6 252,000 Total cost $ 46 $ 1,932,000 The Rets normally sell...
5) MSU manufactures and sells toy gyroscopes. The following data is related to sales and production of the toy gyroscopes for last year. $8.00 $ 1.83 Selling price per unit Variable manufacturing costs per unit Variable selling and administrative expenses per unit Fixed manufacturing overhead (in total) Fixed selling and administrative expenses (in total) Units produced during the year Units sold during the year $ 75,000 $ 80,000 500,000 150,000 Using variable costing, what is the operating income for last...
Hixson Company manufactures and sells one product for $34 per unit. The company maintains no beginning or ending inventories and its relevant range of production is 20,000 units to 30,000 units. When Hixson produces and sells 25,000 units, its unit costs are as follows: Direct materials Direct labor Variable manufacturing overhead Fixed manufacturing overhead Fixed selling expense Fixed administrative expense Sales commissions Variable administrative expense Amount Per Unit $8.00 $5.00 $1.00 $6.00 $3.50 $2.50 $4.00 $1.00 Required: 1. For financial...
Jackson Company manufactures and sells one product for $34 per unit. The company maintains no beginning or ending inventories and its relevant range of production is 20,000 to 30,000 units. When Jackson produces and sells 25,000 units, its unit costs are as follows: Per Unit Amount $8.00 $5.00 Direct materials Direct labor $1.00 $6.00 $3.50 $2.50 Variable manufacturing overhead Fixed manufacturing overhead Fixed selling expense Fixed administrative expense $4.00 $1.00 Sales commissions Variable administrative expense Required: 1. For financial accounting...
Hixson Company manufactures and sells one product for $34 per unit. The company maintains no beginning or ending inventories and its relevant range of production is 20,000 units to 30,000 units. When Hixson produces and sells 25,000 units, its unit costs are as follows: Direct materials Direct labor Variable manufacturing overhead Fixed manufacturing overhead Fixed selling expense Fixed administrative expense Sales commissions Variable administrative expense Amount Per Unit $8.00 $5.00 $1.00 $6.00 $3.50 $2.50 $4.00 $1.00 Required: 1. For financial...
Problem 5.37A a-b Jacobson Electronics manufactures two HD television models: the Royale, which sells for $1,400, and a new model, the Majestic, which sells for $1,100. The production costs calculated per unit under traditional costing for each model in 2020 were as follows: Royale Majestic 1600 Traditional costing Direct materials Direct labour ($20 per hour) Manufacturing overhead ($35 per direct labour hour) Total per unit cost 100 140 175 $875 $540 In 2020, Jacobson manufactured 20,000 units of the Royale...
8 of 9 QUESTION 4 [TOTAL MARKS: 25 Marks (a) Basic Lad sells Product X for €30 each. Total unit variable costs are €15. Fixed costs for the company are €250,000. Target profit for the period is €25.000 Calculate the following for the company using appropriate formula (show all working 1. Breakeven point in units 2. Breakeven point in value 3. Sales in units to achieve the expected target profit 4. Sales in value to achieve an expected target profit...
Polaski Company manufactures and sells a single product called a Ret. Operating at capacity, the company can produce and sell 34,000 Rets per year. Costs associated with this level of production and sales are given below: Unit $ 25 Direct materials Direct labor Variable manufacturing overhead Fixed manufacturing overhead Variable selling expense Fixed selling expense Total cost ONW Total $ 850,000 340,000 102,000 238,000 68,000 204,000 $ 1,802,000 53 The Rets normally sell for $58 each. Fixed manufacturing overhead is...
Most questions answered within 3 hours.
-
Abigail Adams was hired as an associate professor of economics
at Heartland University. She was the...
asked 2 minutes ago -
consider the overall reaction: AB(g) + CB(g) ⟶ A(g) + CB2(g)
A proposed mechanism for this...
asked 8 minutes ago -
In fruit flies, assume bright red eyes (r) and curly wing (w)
are encoded by two...
asked 24 minutes ago -
Consider the compounds represented by the following names:
Compound A: 2,3-dimethylpentane Compound B: 3,4-dimethyl-3-pentene
Compound C:...
asked 29 minutes ago -
C3H8 + 5O2 produces 3CO2 + 4
H2O
How many grams of CO2 are
produced by...
asked 29 minutes ago -
Select a target behavior from your list of potential target
behaviors. State your target behavior in...
asked 43 minutes ago -
Guns make a unique marking on the bullets they fire and their
shell casings. These markings...
asked 46 minutes ago -
Bourque Enterprises is considering a new project. The project
will generate sales of $1.5 million, $2.2...
asked 58 minutes ago -
data structures c++
please implement the QuickSort algorithm as a C++ function. Use
it to sort...
asked 58 minutes ago -
A young investment manager tells his client that the probability
of making a positive return with...
asked 1 hour ago -
Calculate the final discrete available-to-promise quantity for
Week 1 using the following table.
Weeks
1
2...
asked 1 hour ago -
Bob is gambling in the casino. The probability that he will win
nothing is 0.2. The...
asked 2 hours ago