Homework Answers
a) Selling price = Variable cost per unit/Variable cost ratio = 7.80*100/65 = 12
b) Number of unit = (Fixed cost+Operating income)/Contribution margin per unit = (15000+6000)/4.2 = 5000 Units
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Backus Inc. makes...
Backus Inc. makes and sells many consumer products. The firm's average contribution margin ratio is 35%....
Backus Inc. makes and sells many consumer products. The firm's average contribution margin ratio is 35%. Management is considering adding a new product that will require an additional $15,000 per month of fixed expenses and will have variable expenses of $7.80 per unit. Required: a. Calculate the selling price that will be required for the new product if it is to have a contribution margin ratio equal to 35% b. Calculate the number of units of the new product that...
Backus Inc. makes and sells many consumer products. The firm's average contribution margin ratio is 35%...
Backus Inc. makes and sells many consumer products. The firm's average contribution margin ratio is 35% Management is considering adding a new product that will require an additional $15,000 per month of fixed expenses and will have variable expenses of $780 per unit. Required: a. Calculate the selling price that will be required for the new product if it is to have a contribution margin ratio equal to 35% b. Calculate the number of units of the new product that...
Calculate the missing amounts for each of the following firms: (Do not round intermediate calculations. Round...
Calculate the missing amounts for each of the following firms: (Do not round intermediate calculations. Round "Selling Price" to 2 decimal places. Enter any negative amount with a minus sign.) Variable Costs Per Unit Contribution Margin Fixed Costs Operating Income (Loss) Units Sold Selling Price 10,000 $ 25.00 9,000 700 $ Firm A Firm B Firm C 100 000 $ 40.000 66,000 19.00 4.00 50.00 33,000 (6.000) 12 000 40.000 Firm D 4,000 48,000 Backus Inc, makes and sells many...
please complete the entire question, try and use the same format if possible Current operating income...
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Current operating income for Bay Area Cycles Co. is $44,000. Selling price per unit is $100, the contribution margin ratio is 20%, an fixed expense is $176,000. Required: 1. Calculate Bay Area Cycle's breakeven point in units and total sales dollars. Break-even units Break-even dollars 2. Calculate Bay Area Cycle's margin of safety and margin of safety ratio. Margin of safety Margin of safety ratio-
please complete the entire question, try and use the same format if possible Assume MIX Inc....
please complete the entire question, try and use the same format if
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Assume MIX Inc. has sales volume of $1,342.000 for two products with May sales and contribution margin ratios as follows: Product A: Sales $514,000: Contribution Margin Ratio 30% Product B: Sales $828,000. Contribution Margin Ratio 60% Required: Assume MIX's fixed expenses are $338,000. Calculate the May total contribution margin, operating income, average contribution margin ratio, and breakeven sales volume (Round "Average contribution margin ratio' answer to 2...
please complete the entire question, try and use the same format if possible Ch You are...
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Ch You are pitching a marketing proposal to a company that sells electronic equipment. For a particular product line, their current sales price is $20 per unit, cost is $9 per unit and they have $20,000 in fixed costs associated with this line. Last year, they sold 8,200 units You are proposing that the company implement your marketing plan which will cost $3,000 per year. You believe...
please complete the entire question, try and use the same format if possible The following information was availa...
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The following information was available for the year ended December 31, 2019: Sales Net income Average total assets Average total stockholders' equity Dividends per share Earnings per share Market price per share at year-end $240,000 35,560 540,000 310,000 1.22 3.00 24.30 Required: a. Calculate margin, turnover, and ROI for the year ended December 31, 2019 b. Calculate ROE for the year ended December 31, 2019. c. Calculate...
please complete the entire question, try and use the same format if possible Consider the following...
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Consider the following summary modified income statement for Tech Inc.. Sales $594,000 Variable Operating Costs 246,000 Contribution Margin $348,000 Fixed Operating Costs 131,000 Operating Income $217,000 Interest Expense 50,000 Net Income $167,000 Calculate Tech's degree of operating leverage. 2 Degree of Operating Leverage =
please complete the entire question, try and use the same format if possible A department of...
please complete the entire question, try and use the same format if
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A department of Alpha Co. incurred the following costs for the month of September. Variable costs, and the variable portion of mixed costs, are a function of the number of units of activity Activity level in units Variable costs Fixed costs Mixed costs Total costs 3.500 $ 7.175 32.000 18,040 $57, 215 During October, the activity level was 9.200 units, and the total costs incurred were $70,000....
please complete the entire question, try and use the same format if possible Che MFG Company...
please complete the entire question, try and use the same format if
possible
Che MFG Company experiences the following cost behavior patterns each week Fixed costs: supervisor's salary $1,200; factory rent $2,900 Mixed costs: utilities $1,700+ $5.75 per unit Variable costs per unit manufacturing labor wages $21.00; supplies used in production $9.00; packaging cost $2.75, warranty cost $4 Required: Compute total costs to be incurred for a week with 2,770 units of activity. (Do not round intermediate calculations.) Total cost
Backus Inc. makes and sells many consumer products. The firm's average contribution margin ratio is 35%. Management is considering adding a new product that will require an additional $15,000 per month of fixed expenses and will have variable expenses of $7.80 per unit. Required: a. Calculate the selling price that will be required for the new product if it is to have a contribution margin ratio equal to 35% b. Calculate the number of units of the new product that...
Backus Inc. makes and sells many consumer products. The firm's average contribution margin ratio is 35% Management is considering adding a new product that will require an additional $15,000 per month of fixed expenses and will have variable expenses of $780 per unit. Required: a. Calculate the selling price that will be required for the new product if it is to have a contribution margin ratio equal to 35% b. Calculate the number of units of the new product that...
Calculate the missing amounts for each of the following firms: (Do not round intermediate calculations. Round "Selling Price" to 2 decimal places. Enter any negative amount with a minus sign.) Variable Costs Per Unit Contribution Margin Fixed Costs Operating Income (Loss) Units Sold Selling Price 10,000 $ 25.00 9,000 700 $ Firm A Firm B Firm C 100 000 $ 40.000 66,000 19.00 4.00 50.00 33,000 (6.000) 12 000 40.000 Firm D 4,000 48,000 Backus Inc, makes and sells many...
please complete the entire question, try and use the same format if
possible
Current operating income for Bay Area Cycles Co. is $44,000. Selling price per unit is $100, the contribution margin ratio is 20%, an fixed expense is $176,000. Required: 1. Calculate Bay Area Cycle's breakeven point in units and total sales dollars. Break-even units Break-even dollars 2. Calculate Bay Area Cycle's margin of safety and margin of safety ratio. Margin of safety Margin of safety ratio-
please complete the entire question, try and use the same format if
possible
Assume MIX Inc. has sales volume of $1,342.000 for two products with May sales and contribution margin ratios as follows: Product A: Sales $514,000: Contribution Margin Ratio 30% Product B: Sales $828,000. Contribution Margin Ratio 60% Required: Assume MIX's fixed expenses are $338,000. Calculate the May total contribution margin, operating income, average contribution margin ratio, and breakeven sales volume (Round "Average contribution margin ratio' answer to 2...
please complete the entire question, try and use the same
format if possible
Ch You are pitching a marketing proposal to a company that sells electronic equipment. For a particular product line, their current sales price is $20 per unit, cost is $9 per unit and they have $20,000 in fixed costs associated with this line. Last year, they sold 8,200 units You are proposing that the company implement your marketing plan which will cost $3,000 per year. You believe...
please complete the entire question, try and use the same format if
possible
The following information was available for the year ended December 31, 2019: Sales Net income Average total assets Average total stockholders' equity Dividends per share Earnings per share Market price per share at year-end $240,000 35,560 540,000 310,000 1.22 3.00 24.30 Required: a. Calculate margin, turnover, and ROI for the year ended December 31, 2019 b. Calculate ROE for the year ended December 31, 2019. c. Calculate...
please complete the entire question, try and use the same format if
possible
Consider the following summary modified income statement for Tech Inc.. Sales $594,000 Variable Operating Costs 246,000 Contribution Margin $348,000 Fixed Operating Costs 131,000 Operating Income $217,000 Interest Expense 50,000 Net Income $167,000 Calculate Tech's degree of operating leverage. 2 Degree of Operating Leverage =
please complete the entire question, try and use the same format if
possible
A department of Alpha Co. incurred the following costs for the month of September. Variable costs, and the variable portion of mixed costs, are a function of the number of units of activity Activity level in units Variable costs Fixed costs Mixed costs Total costs 3.500 $ 7.175 32.000 18,040 $57, 215 During October, the activity level was 9.200 units, and the total costs incurred were $70,000....
please complete the entire question, try and use the same format if
possible
Che MFG Company experiences the following cost behavior patterns each week Fixed costs: supervisor's salary $1,200; factory rent $2,900 Mixed costs: utilities $1,700+ $5.75 per unit Variable costs per unit manufacturing labor wages $21.00; supplies used in production $9.00; packaging cost $2.75, warranty cost $4 Required: Compute total costs to be incurred for a week with 2,770 units of activity. (Do not round intermediate calculations.) Total cost
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