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Required: 1. Determine the total variable costs and the total fixed costs for the current year....
but will not affect the relationship between sales and variable costs. Required: 1. Determine the total...
but will not affect the relationship between sales and variable costs. Required: 1. Determine the total variable costs and the total fixed costs for the current year. Enter the final answers rounded to the nearest dollar Total variable costs Total fixed costs 2. Determine (a) the unit variable cost and (b) the unit contribution margin for the current year. Enter the final answers rounded to two decimal places. Unit variable cost Unit contribution margin 3. Compute the break-even sales (units)...
Break-Even Sales Under Present and Proposed Conditions Portmann Company, operating at full capacity, sold 1,000,000 units at a price of $186 per unit during the current year. Its income statement is as follows: Sales $186,000,000 Cost of goods sold
Break-Even Sales Under Present and Proposed ConditionsPortmann Company, operating at full capacity, sold 1,000,000 units at a price of $186 per unit during the current year. Its income statement is as follows:Sales$186,000,000 Cost of goods sold(101,000,000)Gross profit$85,000,000 Expenses:Selling expenses$15,000,000Administrative expenses8,100,000Total expenses(23,100,000)Operating income$61,900,000The division of costs between variable and fixed is as follows:VariableFixedCost of goods sold70%30%Selling expenses75%25%Administrative expenses50%50%Management is considering a plant expansion program for the following year that will permit an increase of $11,160,000 in yearly sales. The expansion will increase fixed costs by $3,000,000 but...
Break-Even Sales Under Present and Proposed Conditions Portmann Company operating at full capacity, sold 1,000,000 units...
Break-Even Sales Under Present and Proposed Conditions Portmann Company operating at full capacity, sold 1,000,000 units at a price of $187 per unit during the current year. Its income statement is as follows Sales $187,000,000 Cost of goods sold (102,000,000) Gross profit $85,000,000 Expenses Selling expenses $16,000,000 Administrative expenses 7,200,000 Total expenses (23,200.000) Operating income $61,800,000 The division of costs between variable and fixed is as follows: Variable Fixed Cost of goods sold 70% 30% Selling expenses 75% 25% Administrative...
Break-Even Sales Under Present and Proposed Conditions Portmann Company, operating at full capacity, sold 1,000,000 units...
Break-Even Sales Under Present and Proposed Conditions Portmann Company, operating at full capacity, sold 1,000,000 units at a price of $189 per unit during the current year. Its income statement is as follows: Sales $189,000,000 Cost of goods sold (102,000,000) Gross profit $87,000,000 Expenses: Selling expenses $14,000,000 Administrative expenses 14,200,000 Total expenses (28,200,000) $58,800,000 Operating income The division of costs between variable and fixed is as follows: Variable Fixed Cost of goods sold 70% 30% 25% 75% Selling expenses Administrative...
How to calculate question number 7: If the proposal is accepted and sales remain at the current level, what will the operating income or loss be for the following year?
Break-Even Sales Under Present and Proposed ConditionsPortmann Company, operating at full capacity, sold 1,000,000 units at a price of $188 per unit during the current year. Its income statement is as follows:Sales$188,000,000 Cost of goods sold(99,000,000)Gross profit$89,000,000 Expenses:Selling expenses$14,000,000Administrative expenses16,400,000Total expenses(30,400,000)Operating income$58,600,000The division of costs between variable and fixed is as follows:VariableFixedCost of goods sold70%30%Selling expenses75%25%Administrative expenses50%50%Management is considering a plant expansion program for the following year that will permit an increase of $13,160,000 in yearly sales. The expansion will...
1. Margin of Safety a. If Canace Company, with a break-even point at $256,000 of sales,...
1. Margin of Safety a. If Canace Company, with a break-even point at $256,000 of sales, has actual sales of $400,000, what is the margin of safety expressed (1) in dollars and (2) as a percentage of sales? Round the percentage to the nearest whole number. 1. $ 2. % b. If the margin of safety for Canace Company was 45%, fixed costs were $2,074,050, and variable costs were 55% of sales, what was the amount of actual sales (dollars)?...
Break-Even Sales Under Present and Proposed Conditions Howard Industries Inc., operating at full capacity, sold 64,000...
Break-Even Sales Under Present and Proposed Conditions Howard Industries Inc., operating at full capacity, sold 64,000 units at a price of $45 per unit during the current year. Its income statement is as follows: Sales $2,880,000 Cost of goods sold 1,400,000 Gross profit $1,480,000 Expenses: Selling expenses $400,000 Administrative expenses 387,500 Total expenses 787,500 Income from operations $ 692,500 The division of costs between variable and fixed is as follows: Variable Fixed Cost of goods sold 75% 25% Selling expenses...
Determine the amount of sales (units) that would be necessary under Break-Even Sales Under Present and...
Determine the amount of sales (units) that would be necessary under Break-Even Sales Under Present and Proposed Conditions Darby Company, operating at full capacity, sold 121,500 units at a price of $108 per unit during the current year. Its income statement for the current year is as follows: Sales $13,122,000 Cost of goods sold 6,480,000 Gross profit $6,642,000 Expenses: Selling expenses $3,240,000 Administrative expenses 3,240,000 Total expenses 6,480,000 Income from operations $162,000 The division of costs between fixed and variable...
4 Determine the amount of sales (units) that would be necessary under Break-Even Sales Under Present...
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Determine the amount of sales (units) that would be necessary under Break-Even Sales Under Present and Proposed Conditions Darby Company, operating at full capacity, sold 72,900 units at a price of $114 per unit during the current year. Its income statement for the current year is as follows: Sales $8,310,600 4,104,000 Cost of goods sold Gross profit $4,206,600 Expenses: Selling expenses $2,052,000 2,052,000 Administrative expenses Total expenses Income from operations 4,104,000 $102,600 The division of costs between fixed and...
Any help? Determine the amount of sales (units) that would be necessary under Break-Even Sales Under...
Any help?
Determine the amount of sales (units) that would be necessary under Break-Even Sales Under Present and Proposed Conditions Darby Company, operating at full capacity, sold 109,350 units at a price of $63 per unit during the current year. Its income statement for the current year is as follows: Sales $6,889,050 Cost of goods sold 3,402,000 Gross profit $3,487,050 Expenses: Selling expenses $1,701,000 Administrative expenses 1,701,000 Total expenses 3,402,000 Income from operations $85,050 The division of costs between fixed...
but will not affect the relationship between sales and variable costs. Required: 1. Determine the total variable costs and the total fixed costs for the current year. Enter the final answers rounded to the nearest dollar Total variable costs Total fixed costs 2. Determine (a) the unit variable cost and (b) the unit contribution margin for the current year. Enter the final answers rounded to two decimal places. Unit variable cost Unit contribution margin 3. Compute the break-even sales (units)...
Break-Even Sales Under Present and Proposed Conditions Portmann Company operating at full capacity, sold 1,000,000 units at a price of $187 per unit during the current year. Its income statement is as follows Sales $187,000,000 Cost of goods sold (102,000,000) Gross profit $85,000,000 Expenses Selling expenses $16,000,000 Administrative expenses 7,200,000 Total expenses (23,200.000) Operating income $61,800,000 The division of costs between variable and fixed is as follows: Variable Fixed Cost of goods sold 70% 30% Selling expenses 75% 25% Administrative...
Break-Even Sales Under Present and Proposed Conditions Portmann Company, operating at full capacity, sold 1,000,000 units at a price of $189 per unit during the current year. Its income statement is as follows: Sales $189,000,000 Cost of goods sold (102,000,000) Gross profit $87,000,000 Expenses: Selling expenses $14,000,000 Administrative expenses 14,200,000 Total expenses (28,200,000) $58,800,000 Operating income The division of costs between variable and fixed is as follows: Variable Fixed Cost of goods sold 70% 30% 25% 75% Selling expenses Administrative...
4
Determine the amount of sales (units) that would be necessary under Break-Even Sales Under Present and Proposed Conditions Darby Company, operating at full capacity, sold 72,900 units at a price of $114 per unit during the current year. Its income statement for the current year is as follows: Sales $8,310,600 4,104,000 Cost of goods sold Gross profit $4,206,600 Expenses: Selling expenses $2,052,000 2,052,000 Administrative expenses Total expenses Income from operations 4,104,000 $102,600 The division of costs between fixed and...
Any help?
Determine the amount of sales (units) that would be necessary under Break-Even Sales Under Present and Proposed Conditions Darby Company, operating at full capacity, sold 109,350 units at a price of $63 per unit during the current year. Its income statement for the current year is as follows: Sales $6,889,050 Cost of goods sold 3,402,000 Gross profit $3,487,050 Expenses: Selling expenses $1,701,000 Administrative expenses 1,701,000 Total expenses 3,402,000 Income from operations $85,050 The division of costs between fixed...
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