Homework Answers
1.
Selling price = $115 per unit
Fixed costs = $63,760
Variable cost = $85 per unit
Contribution margin per unit = Selling price - Variable cost
= 115 - 85
= $30
Break even point (in units) = Fixed costs/Contribution margin per unit
= 63,760/30
= 2,125
Hence, correct option is (a)
2.
Prime cost = $5,400,000
Conversion costs = $9,400,000
Direct materials = $2,200,000
Factory overheads = $6,200,000
Direct labor = ?
Prime cost = Direct material + Direct labor
5,400,000 = 2,200,000 + Direct labor
Direct labor = $3,200,000
Hence, correct option is (c)
Kindly give a positive rating if you are satisfied with the answer. Feel free to ask if you have any doubts. Thanks.
Add Answer to:
A company manufactures and sells a product for $115 per unit The company's fixed costs are...
A company manufactures and sells a product for $123 per unit. The company's fixed costs are...
A company manufactures and sells a product for $123 per unit. The company's fixed costs are $71,760, and its variable costs are $93 per unit. The company's break-even point in units is:
Flannigan Company manufactures and sells a single product that sells for $580 per unit, variable costs...
Flannigan Company manufactures and sells a single product that sells for $580 per unit, variable costs are $319. Annual fixed costs are $958,500. Current sales volume is $4,330,000. Compute the contribution margin per unit. Multiple Choice Ο Ο Ο Ο Ο A company's product sells at $12.22 per unit and has a $5.33 per unit variable cost. The company's total fixed costs are $96,900 The contribution margin per unit is: Multiple Choice Ο $8.06. Ο $5.33. Ο $6.89. Ο $12.22....
A company manufactures and sells a product for $120 per unit. The company's fixed costs are $68,760, and its variab...
A company manufactures and sells a product for $120 per unit. The company's fixed costs are $68,760, and its variable costs are $90 per unit. The company's break-even point in units is: 1) 2,292. O2) 573. O 3) 764.
Help Save & Exte A company's prime costs total $3,800,000 and its conversion costs total $7,800,000....
Help Save & Exte A company's prime costs total $3,800,000 and its conversion costs total $7,800,000. If direct materials are $1.400.000 and factory overhead is $5,400,000, then direct labor Muuple Choice mn o О 52. Аоороо. o О ѕоороо o S4000.000 o O ss sooooo o spooooo.
Question 45 2 pts A company's prime costs total $3,000,000 and its conversion costs total $7,000,000.if...
Question 45 2 pts A company's prime costs total $3,000,000 and its conversion costs total $7,000,000.if direct materials are $1,000,000 and factory overhead is $5,000,000, then direct labor is: O $4,000,000 O$14,000,000. O$2,000,000 O$1,000,000. O$3,000,000 estion 46 Cost information for the year Asteroid Industries accumulated the following cost information for the year 2 pts Direct materials Indirect materials $16,000 4,000 Indirect labor 8,500 Factory depreciation 12,800 Direct labor 37,000 Using the above information, total factory overhead costs equal: O $78,300...
Fresh out of college, Johnson is being interviewed at Maiden Company. Help Johnson solve the following...
Fresh out of college, Johnson is being interviewed at Maiden Company. Help Johnson solve the following puzzle. A company's prime costs total $3,800,000 and its conversion costs total $7,800,000. If factory overhead is $5,400,000, and direct materials are $1,400,000 then direct labor is: 29 Multiple Choice O $1000,000 $15,600,000 O $2,400,000 $4,000,000 $3,800,000
Seved Save & Exit Help A company's prime costs total $3,800,000 and its conversion costs total...
Seved Save & Exit Help A company's prime costs total $3,800,000 and its conversion costs total $7,800,000. If direct materials are $1,400000 and factory overhead is $5,400,000, then direct labor is: Mutiple Cholce 723 $2,400,000 $3.800,000 $4000,000 $15,600.000 S1000,000
SBD Phone Company sells its waterproof phone case for $85 per unit. Fixed costs total $193,800,...
SBD Phone Company sells its waterproof phone case for $85 per
unit. Fixed costs total $193,800, and variable costs are $34 per
unit.
SBD Phone Company sells its waterproof phone case for $85 per unit. Fixed costs total $193,800, and variable costs are $34 per unit. (1) Determine the contribution margin per unit. Sales | $ 85 per unit Less: Variable costs 34 per unit Contribution margin $ 51 per unit (2) Determine the break-even point in units. Choose Numerator:...
6. DEF Company manufactures and sells a single product that sells for $450 per unit; varialble...
6. DEF Company manufactures and sells a single product that sells for $450 per unit; varialble costs are $270. Annual fixed costs are $800,000. The products current break-even point in dollars is $2,000,000 and sales are expected to be $4,000,000. (5 Points) The current margin of safety in dollars is: (5 Points) The current margin of safety percentage is: 7. XYZ Company manufactures and sells a single product that sells for $400 per unit; variable costs are $200. Annual fixed...
Locus Company has total fixed costs of $112,500. Its product sells for $36 per unit and...
Locus Company has total fixed costs of $112,500. Its product sells for $36 per unit and variable costs amount to $16 per unit. Next year Locus Company wishes to earn a pretax income that equals 20% of fixed costs. How many units must be sold to achieve this target income level? o o o o o
Flannigan Company manufactures and sells a single product that sells for $580 per unit, variable costs are $319. Annual fixed costs are $958,500. Current sales volume is $4,330,000. Compute the contribution margin per unit. Multiple Choice Ο Ο Ο Ο Ο A company's product sells at $12.22 per unit and has a $5.33 per unit variable cost. The company's total fixed costs are $96,900 The contribution margin per unit is: Multiple Choice Ο $8.06. Ο $5.33. Ο $6.89. Ο $12.22....
A company manufactures and sells a product for $120 per unit. The company's fixed costs are $68,760, and its variable costs are $90 per unit. The company's break-even point in units is: 1) 2,292. O2) 573. O 3) 764.
Help Save & Exte A company's prime costs total $3,800,000 and its conversion costs total $7,800,000. If direct materials are $1.400.000 and factory overhead is $5,400,000, then direct labor Muuple Choice mn o О 52. Аоороо. o О ѕоороо o S4000.000 o O ss sooooo o spooooo.
Question 45 2 pts A company's prime costs total $3,000,000 and its conversion costs total $7,000,000.if direct materials are $1,000,000 and factory overhead is $5,000,000, then direct labor is: O $4,000,000 O$14,000,000. O$2,000,000 O$1,000,000. O$3,000,000 estion 46 Cost information for the year Asteroid Industries accumulated the following cost information for the year 2 pts Direct materials Indirect materials $16,000 4,000 Indirect labor 8,500 Factory depreciation 12,800 Direct labor 37,000 Using the above information, total factory overhead costs equal: O $78,300...
Fresh out of college, Johnson is being interviewed at Maiden Company. Help Johnson solve the following puzzle. A company's prime costs total $3,800,000 and its conversion costs total $7,800,000. If factory overhead is $5,400,000, and direct materials are $1,400,000 then direct labor is: 29 Multiple Choice O $1000,000 $15,600,000 O $2,400,000 $4,000,000 $3,800,000
Seved Save & Exit Help A company's prime costs total $3,800,000 and its conversion costs total $7,800,000. If direct materials are $1,400000 and factory overhead is $5,400,000, then direct labor is: Mutiple Cholce 723 $2,400,000 $3.800,000 $4000,000 $15,600.000 S1000,000
SBD Phone Company sells its waterproof phone case for $85 per
unit. Fixed costs total $193,800, and variable costs are $34 per
unit.
SBD Phone Company sells its waterproof phone case for $85 per unit. Fixed costs total $193,800, and variable costs are $34 per unit. (1) Determine the contribution margin per unit. Sales | $ 85 per unit Less: Variable costs 34 per unit Contribution margin $ 51 per unit (2) Determine the break-even point in units. Choose Numerator:...
6. DEF Company manufactures and sells a single product that sells for $450 per unit; varialble costs are $270. Annual fixed costs are $800,000. The products current break-even point in dollars is $2,000,000 and sales are expected to be $4,000,000. (5 Points) The current margin of safety in dollars is: (5 Points) The current margin of safety percentage is: 7. XYZ Company manufactures and sells a single product that sells for $400 per unit; variable costs are $200. Annual fixed...
Locus Company has total fixed costs of $112,500. Its product sells for $36 per unit and variable costs amount to $16 per unit. Next year Locus Company wishes to earn a pretax income that equals 20% of fixed costs. How many units must be sold to achieve this target income level? o o o o o
Most questions answered within 3 hours.
-
Create a 32-run crossed array design with six control factors
and two noise factors such that...
asked 21 minutes ago -
A 500g sample of sand from source A has the following amounts
retained on each sieve....
asked 22 minutes ago -
In
your own words, please explain the essay by John Keynes wrote "The
End of Laissez...
asked 21 minutes ago -
How are the matrix and pixels related? Why are smaller
pixels better for diagnostic quality?
asked 24 minutes ago -
2. An AC generator has 80 rectangular loops on
its armature. Each loop is 11 cm...
asked 26 minutes ago -
Please help me with this question. Consider Aldi’s current and
potential geographic markets (see Exhibit 4...
asked 28 minutes ago -
What are the main components of the fermentation process and
give an explanation of each? Include...
asked 53 minutes ago -
Explain which types of cells in the body (belonging to which
organs, etc.) are sensitive to...
asked 57 minutes ago -
A single cable supports an 703-kg elevator car. What is the
tension in the cable when...
asked 59 minutes ago -
among the three different ways to link CSS specifications to an
HTML document (inline CSS, document...
asked 1 hour ago -
(1) Write the net ionic equation for the reaction that occurs
when equal volumes of 0.191...
asked 1 hour ago -
On the night of April 18, 1775, a signal was to be sent from the
Old...
asked 1 hour ago