Tory Company sells a single product. Troy estimates demand and costs at various activity levels as...
Question 1 (1 point) Tory Company sells a single product. Troy estimates demand and costs at various activity levels as follows: Units Sold Price Total Variable Costs Fixed Costs 120,000 $48 $3,000,000 $1,000,000 152,000 $45 $3,550,000 $1,000,000 160,000 $40 $4,000,000 $1,000,000 180,000 $35 $4,500,000 $1,000,000 200,000 $30 $5,000,000 $1,000,000 How much profit will Troy have if a price of $45 is charged? Round to two decimal places. Your Answer: Question 1 options: Answer Question 2 (1 point) The Falling Snow...
Ovation Company has a single product called a Bit. The company normally produces and sells 33,600 Bits each year at a selling price of $34 per unit. The company’s unit costs at this level of activity are given below: Direct materials$11.70 Direct labour3.60 Variable manufacturing overhead2.40 Fixed manufacturing overhead3.90 ($131,040 total) Variable selling expenses2.70 Fixed selling expenses3.60 ($120,960 total) Total cost per unit$27.90 A number of questions relating to the production and sale of Bits follow. Each question is independent.Required:1. Assume that Ovation Company has sufficient capacity to...
Andretti Company has a single product called a Dak. The company normally produces and sells 86,000 Daks each year at a selling price of $60 per unit. The company’s unit costs at this level of activity are given below: Direct materials $ 8.50 Direct labor 10.00 Variable manufacturing overhead 3.60 Fixed manufacturing overhead 10.00 ($860,000 total) Variable selling expenses 3.70 Fixed selling expenses 3.50 ($301,000 total) Total cost per unit $ 39.30 A number of questions relating to the production...
Andretti Company has a single product called a Dak. The company normally produces and sells 80,000 Daks each year at a selling price of $58 per unit. The company’s unit costs at this level of activity are given below: Direct materials$7.50Direct labor9.00Variable manufacturing overhead3.50Fixed manufacturing overhead9.00($720,000 total)Variable selling expenses4.70Fixed selling expenses3.50($280,000 total)Total cost per unit$37.20 A number of questions relating to the production and sale of Daks follow. Each question is independent. Required:1-a. Assume that Andretti Company has sufficient capacity to produce 100,000...
High-Low Method The manufacturing costs of Ackerman Industries for the first three months of the year follow: Total Costs Units Produced January $1,900,000 20,000 units February 2,250,000 27,000 March 2,400,000 30,000 Using the high-low method, determine (a) the variable cost per unit and (b) the total fixed cost. Round all answers to the nearest whole dollar. a. Variable cost per unit b. Total fixed cost Contribution Margin Lanning Company sells 160,000 units at $45 per unit. Variable costs are $27...