answer 18.34 only
answer 18.34 only
Homework Answers
| 1 & 2 | Annual Sales | 140000 | units |
| Sales price per unit | $37.50 | ||
| Variable cost per unit | $29.70 | ||
| Contribution margin per unit | $7.80 | ||
| Contribution margin | $10,92,000.00 | ||
| Less:Fixed cost | $10,53,000.00 | ||
| Contribution margin ratio | 20.80% | ||
| Breakeven point($1,053,000/$7.80) | 1,35,000 | units | |
| Break even point in dollars($1,053,000/20.80%) | $50,62,500.00 | ||
| 3 | Required Profit after tax | $6,00,000 | |
| Add:Tax($600,000*30/70) | $2,57,143 | ||
| Required Profit before tax | $8,57,143 | ||
| Add:Fixed cost | $10,53,000 | ||
| Required contribution | $19,10,143 | ||
| No. of units to be sold($1,910,143/$7.80) | 2,44,890 | units | |
| 4 | Annual sales at 140,000 units | $52,50,000.00 | |
| Less:Break even point in dollars | $50,62,500.00 | ||
| Margin of safety | $1,87,500.00 | ||
| 5 | Annual Sales | 140000 | units |
| Sales price per unit | $37.50 | ||
| Variable cost per unit($29.70+$0.60) | $30.30 | ||
| Contribution margin per unit | $7.20 | ||
| Contribution margin | $10,08,000.00 | ||
| Fixed cost | $10,53,000.00 | ||
| Breakeven point($1,053,000/$7.20) | 1,46,250 | units | |
| Required contribution margin | 20.80% | ||
| Required variable cost margin | 79.20% | ||
| Variable cost | $30.30 | ||
| Required sale price per unit($30.30/79.20%) | $38.26 | ||
Add Answer to:
answer 18.34 only
answer 18.34 only
answer second attachment questions from first attachment statement.. P18.33 10...
answer second attachment questions from first attachment statement.. answer question 18.34 only e in the following...
answer second attachment questions from first
attachment statement..
answer question 18.34 only
e in the following table. Basic CVP relationships: manufacturer Vine Pty Ltd produces and sells bottles of wine. Price and cost data are in the following P18.33 LO18.1 18.3 18.4 18.5 Selling price per bottle Variable costs per bottle: Direct material Direct labour Manufacturing overhead Selling costs Total variable costs per bottle Annual fixed costs: Manufacturing overhead Selling and administrative Total fixed costs Forecast annual sales (140000 units)...
Basic CVP relationships: manufacturer Vine Pty Ltd produces and sells bottles of wine. Price and cost...
Basic CVP relationships: manufacturer Vine Pty Ltd produces and sells bottles of wine. Price and cost data are in the following table. $ 37.50 P18.33 LO18.1 18.3 S 12.30 Selling price per bottle 18.4 6.00 Variable costs per bottle: 18.5 Direct material 9.00 Direct labour 2.40 S 29.70 Manufacturing overhead Selling costs S 432000 Total variable costs per bottle Annual fixed costs Manufacturing overhead 621 000 $1053000 $5250000 Selling and administrative Total fixed costs Forecast annual sales (140000 units Refer...
e in the following table. Basic CVP relationships: manufacturer Vine Pty Ltd produces and sells bottles...
e in the following table. Basic CVP relationships: manufacturer Vine Pty Ltd produces and sells bottles of wine. Price and cost data are in the following P18.33 LO18.1 18.3 18.4 18.5 Selling price per bottle Variable costs per bottle: Direct material Direct labour Manufacturing overhead Selling costs Total variable costs per bottle Annual fixed costs: Manufacturing overhead Selling and administrative Total fixed costs Forecast annual sales (140000 units) $ 29,70 $ 432000 621000 $1053000 $5250000 (In the following requirements, ignore...
A contribution margin income statement organizes costs by behavior
Contribution Margin Income StatementA contribution margin income statement organizes costs by behavior (variable or fixed), rather than by function (operating, selling, or administrative). The contribution margin is the difference between sales and variable expenses .Byron Manufacturing has one product that sells for $24.00 per unit. The company estimates fixed costs at $6,000, direct materials at $4.00 per unit, direct labor at $5.00 per unit, and variable overhead costs at $3.00 per unit.Fill in the contribution margin income statement when 730...
P18-2A Prepare a CVP income statement, compute break-even point, contribution margin ratio, margin of safety ratio...
P18-2A Prepare a CVP income statement, compute break-even point, contribution margin ratio, margin of safety ratio and sales for target net income Jorge Company bottles and distributes B-Lite, a diet soft drink. The beverage is sold for 50 cents per 16-ounce bottle to retailers, who charge customers 75 cents per bottle. For the year 2017, management estimates the following revenues and costs. Sales $1,800,000 Selling expenses - variable Direct materials 430,000 Selling expenses - fixed Direct labor 360,000 Administrative...
A contribution margin income statement organizes costs by behavior (variable or fixed), rather than by function...
A contribution margin income statement organizes costs by behavior (variable or fixed), rather than by function (operating, selling, or administrative). The contribution margin is the difference between sales and variable expenses. Byron Manufacturing has one product that sells for $24.00 per unit. The company estimates fixed costs at $6,000, direct materials at $4.00 per unit, direct labor at $5.00 per unit, and variable overhead costs at $3.00 per unit. Fill in the contribution margin income statement when 730 units are...
nd it rises by $1.10 per anie tB-Lite, a diet soft drink. The beverage is sold...
nd it rises by $1.10 per anie tB-Lite, a diet soft drink. The beverage is sold for 50 cents per 16-ounce to retailers, who charge customers 75 cents per bottle. For the year bevy 7, management estimates the and costs $1,800,00oSelling expenses- variable Sales Direct materials Direct labor Manufacturing overhead- variable 430,000 Selling expenses -fixed 360,000 380,000 Administrative expenses fixed 280,000 $70,000 65,000 20,000 60,000 Manufacturing overhead -fixed Instructions (a) Prepare b) Compute the break-even point in (1) units and...
please be as clear and as simple as possible. I am trying to understand it. show...
please be as clear and as simple as possible. I am trying to
understand it. show me the steps, not only the answers. thank you
in advance.
P22-20 Compute a CVP income statement, compute break even poist, contribution margin ratio, margin of safety rate and soles for tarRetnet income All Frute Company bottles and distribuses Frute Ade, a fruit drink. The beverage is sald for 50 cents per 16-ounce bottle to retailers who charge customers 70 cents per bottle. For...
Johnson Company bottles ans distributes soft drinks. The beverage is sold for 60 cents per 16 ounce bottle to retailers...
Johnson Company bottles ans distributes soft drinks. The beverage is sold for 60 cents per 16 ounce bottle to retailers who charge customers 75 cents per bottle. For the year 2020, management estimates the following revenues and costs. Sales 1,800,000 Direct materials 510,000 Direct labor 390,000 Manufacturing overhead-variable 410,000 Manufacturing overhead-fixed 130,000 Selling expenses-variable 105,000 Selling expense-fixed 62,000 Administrative expense-variable 25,000 Administrative expense-fixed 96,000 Prepare a CVP income statement for 2020 based on management's estimates. Then calculate variable cost per...
Victoria Company reports the following operating results for the month of April. VICTORIA COMPANY CVP Income...
Victoria Company reports the following operating results for the month of April. VICTORIA COMPANY CVP Income Statement For the Month Ended April 30, 2020 Total Per Unit Sales (10,000 units) $500,000 $50 Variable costs 250,000 25.00 Contribution margin 250,000 $25.00 Fixed expenses 187,425 Net income $62,575 Management is considering the following course of action to increase net income: Reduce the selling price by 5%, with no changes to unit variable costs or fixed costs. Management is confident that this change...
answer second attachment questions from first
attachment statement..
answer question 18.34 only
e in the following table. Basic CVP relationships: manufacturer Vine Pty Ltd produces and sells bottles of wine. Price and cost data are in the following P18.33 LO18.1 18.3 18.4 18.5 Selling price per bottle Variable costs per bottle: Direct material Direct labour Manufacturing overhead Selling costs Total variable costs per bottle Annual fixed costs: Manufacturing overhead Selling and administrative Total fixed costs Forecast annual sales (140000 units)...
Basic CVP relationships: manufacturer Vine Pty Ltd produces and sells bottles of wine. Price and cost data are in the following table. $ 37.50 P18.33 LO18.1 18.3 S 12.30 Selling price per bottle 18.4 6.00 Variable costs per bottle: 18.5 Direct material 9.00 Direct labour 2.40 S 29.70 Manufacturing overhead Selling costs S 432000 Total variable costs per bottle Annual fixed costs Manufacturing overhead 621 000 $1053000 $5250000 Selling and administrative Total fixed costs Forecast annual sales (140000 units Refer...
e in the following table. Basic CVP relationships: manufacturer Vine Pty Ltd produces and sells bottles of wine. Price and cost data are in the following P18.33 LO18.1 18.3 18.4 18.5 Selling price per bottle Variable costs per bottle: Direct material Direct labour Manufacturing overhead Selling costs Total variable costs per bottle Annual fixed costs: Manufacturing overhead Selling and administrative Total fixed costs Forecast annual sales (140000 units) $ 29,70 $ 432000 621000 $1053000 $5250000 (In the following requirements, ignore...
nd it rises by $1.10 per anie tB-Lite, a diet soft drink. The beverage is sold for 50 cents per 16-ounce to retailers, who charge customers 75 cents per bottle. For the year bevy 7, management estimates the and costs $1,800,00oSelling expenses- variable Sales Direct materials Direct labor Manufacturing overhead- variable 430,000 Selling expenses -fixed 360,000 380,000 Administrative expenses fixed 280,000 $70,000 65,000 20,000 60,000 Manufacturing overhead -fixed Instructions (a) Prepare b) Compute the break-even point in (1) units and...
please be as clear and as simple as possible. I am trying to
understand it. show me the steps, not only the answers. thank you
in advance.
P22-20 Compute a CVP income statement, compute break even poist, contribution margin ratio, margin of safety rate and soles for tarRetnet income All Frute Company bottles and distribuses Frute Ade, a fruit drink. The beverage is sald for 50 cents per 16-ounce bottle to retailers who charge customers 70 cents per bottle. For...
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