Homework Answers
Answer : 23) The answer is option C.
Per unit total manufacturing cost = Variable cost + fixed cost = 32 + 20 = $52
For 10,000 units the total manufacturing cost = Per unit total manufacturing cost * Output = 52 * 10,000 = $520,000.
Therefore, option C is correct.
35) The answer is option D.
In case of perfectly inelastic supply if demand for the good increase then the demand curve shift to rightward. As a result, the equilibrium price level increase but the equilibrium quantity level does not change. Therefore, option D is correct.
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QUESTION 23 Oroz Company had the following information available: Expected Costs and Selling Price Based on...
Abensan Company sells a single product. If both the selling price and variable cost per unit...
Abensan Company sells a single product. If both the selling price and variable cost per unit increase by 5% and fixed costs remain steady, then contribution margin per unit and break- even point in units will, respectively, decrease and increase. increase and remain unchanged. decrease and remain unchanged. O increase and decrease.
Question 16 Abensan Company sells a single product units will, respective both the selling price and...
Question 16 Abensan Company sells a single product units will, respective both the selling price and variable cost per unit increase by 5% and xed cost reman steady, en contr bution margin per uit and break even on n decrease and increase. increase and remain unchanged decrease and remain unchanged Increase and decrease.
Exercise 5-5 Changes in Variable Costs, Fixed Costs, Selling Price, and Volume (LO5-4] [The following information...
Exercise 5-5 Changes in Variable Costs, Fixed Costs, Selling Price, and Volume (LO5-4] [The following information applies to the questions displayed below.] Data for Hermann Corporation are shown below: Selling price Variable expenses Contribution margin Percent Per Unit of Sales $ 90 100% 63 $ 27 308 70 Fixed expenses are $30,000 per month and the company is selling 2,000 units per month. Exercise 5-5 Part 1 Required: 1-a. How much will net operating income increase (decrease) per month if...
17. In perfect competition, the marginal revenue of a firm always equals: A) product price. B)...
17. In perfect competition, the marginal revenue of a firm always equals: A) product price. B) total revenue. average total cost. D) marginal cost. 22. If the supply of product X is perfectly elastic, an increase in the demand for it will increase: A) equilibrium quantity but reduce equilibrium price. B) equilibrium quantity but equilibrium price will be unchanged. equilibrium price but reduce equilibrium quantity. equilibrium price but equilibrium quantity will be unchanged. 24. The main sources for the fluctuation...
Question 9 Johansen Company had $205,000 of operating income in 2020, when the selling price per...
Question 9 Johansen Company had $205,000 of operating income in 2020, when the selling price per unit was $153, the variable costs per unit were $103, and the fixed costs were $420,000. Management expects per-unit data and total fixed costs to remain the same in 2021. The president of Johansen Company is under pressure from shareholders to increase operating income by $60,000 in 2021. (a) Calculate the number of units sold in 2020. Units sold units
Question Completion Status: QUESTION 10 If selling price per unit remains the same, unit variable cost...
Question Completion Status: QUESTION 10 If selling price per unit remains the same, unit variable cost remains the same, sales volume in units remains the same, and total fixed costs increase by $10,000, which of the following predictions is correct? Unit Contribution Margin Break-Even Volume Total Profit ОА Same Increase Decrease Same Decrease Decrease Increase Increase Decrease Decrease Decrease Increase Decrease Increase Decrease QUESTION 11 At sales volume of 600 units, variable costs are 58 per unit, and fixed costs...
EXERCISE 5-5 Changes in Variable Costs, Fixed Costs, Selling Price, and Volume L05-4 Data for Hermann...
EXERCISE 5-5 Changes in Variable Costs, Fixed Costs, Selling Price, and Volume L05-4 Data for Hermann Corporation are shown below: Per Unit Percent of Sales $90 63 100% 70 Selling price Variable expenses Contribution margin $27 30% Fixed expenses are $30,000 per month and the company is selling 2,000 units per month. Required: 1. How much will net operating income increase (decrease) per month if the monthly advertising budget increases by $5,000 and monthly sales increase by $9,000? 2. Refer...
Paulsen Company sells only one product. The regular selling price is $50. Variable costs are 70%...
Paulsen Company sells only one product. The regular selling price is $50. Variable costs are 70% of this selling price, and fixed costs are $7,500 per month Management decides to increase the selling price from $50 to $55 per unit. Assume that the cost of the product and the fixed operating expenses are not changed by this pricing decision. 5 Refer to the above data. At the original selling price of $50 per unit, what is the contribution margin Refer...
The following information is available for the 21,000 units of X Company's only product sold in...
The following information is available for the 21,000 units of X Company's only product sold in 2019: Selling price $56.10 Variable costs per unit $12.40 Total fixed costs $420,000 Management believes it can increase the selling price in 2020 with no change in unit sales. Variable costs per unit and fixed costs would remain the same. What would the selling price have to be in 2020 in order for X Company's 2020 profit to be $622,125?
20. If total fixed costs decrease by $5,000, selling price per unit increases by $2, and...
20. If total fixed costs decrease by $5,000, selling price per unit increases by $2, and unit variable increases by $1, which of the following is true? Unit Contribution Break-Even Margin Volume Increase Increase Increase Decrease Decrease Increase Decrease Decrease E. Not enough information
Abensan Company sells a single product. If both the selling price and variable cost per unit increase by 5% and fixed costs remain steady, then contribution margin per unit and break- even point in units will, respectively, decrease and increase. increase and remain unchanged. decrease and remain unchanged. O increase and decrease.
Question 16 Abensan Company sells a single product units will, respective both the selling price and variable cost per unit increase by 5% and xed cost reman steady, en contr bution margin per uit and break even on n decrease and increase. increase and remain unchanged decrease and remain unchanged Increase and decrease.
Exercise 5-5 Changes in Variable Costs, Fixed Costs, Selling Price, and Volume (LO5-4] [The following information applies to the questions displayed below.] Data for Hermann Corporation are shown below: Selling price Variable expenses Contribution margin Percent Per Unit of Sales $ 90 100% 63 $ 27 308 70 Fixed expenses are $30,000 per month and the company is selling 2,000 units per month. Exercise 5-5 Part 1 Required: 1-a. How much will net operating income increase (decrease) per month if...
17. In perfect competition, the marginal revenue of a firm always equals: A) product price. B) total revenue. average total cost. D) marginal cost. 22. If the supply of product X is perfectly elastic, an increase in the demand for it will increase: A) equilibrium quantity but reduce equilibrium price. B) equilibrium quantity but equilibrium price will be unchanged. equilibrium price but reduce equilibrium quantity. equilibrium price but equilibrium quantity will be unchanged. 24. The main sources for the fluctuation...
Question 9 Johansen Company had $205,000 of operating income in 2020, when the selling price per unit was $153, the variable costs per unit were $103, and the fixed costs were $420,000. Management expects per-unit data and total fixed costs to remain the same in 2021. The president of Johansen Company is under pressure from shareholders to increase operating income by $60,000 in 2021. (a) Calculate the number of units sold in 2020. Units sold units
Question Completion Status: QUESTION 10 If selling price per unit remains the same, unit variable cost remains the same, sales volume in units remains the same, and total fixed costs increase by $10,000, which of the following predictions is correct? Unit Contribution Margin Break-Even Volume Total Profit ОА Same Increase Decrease Same Decrease Decrease Increase Increase Decrease Decrease Decrease Increase Decrease Increase Decrease QUESTION 11 At sales volume of 600 units, variable costs are 58 per unit, and fixed costs...
EXERCISE 5-5 Changes in Variable Costs, Fixed Costs, Selling Price, and Volume L05-4 Data for Hermann Corporation are shown below: Per Unit Percent of Sales $90 63 100% 70 Selling price Variable expenses Contribution margin $27 30% Fixed expenses are $30,000 per month and the company is selling 2,000 units per month. Required: 1. How much will net operating income increase (decrease) per month if the monthly advertising budget increases by $5,000 and monthly sales increase by $9,000? 2. Refer...
Paulsen Company sells only one product. The regular selling price is $50. Variable costs are 70% of this selling price, and fixed costs are $7,500 per month Management decides to increase the selling price from $50 to $55 per unit. Assume that the cost of the product and the fixed operating expenses are not changed by this pricing decision. 5 Refer to the above data. At the original selling price of $50 per unit, what is the contribution margin Refer...
20. If total fixed costs decrease by $5,000, selling price per unit increases by $2, and unit variable increases by $1, which of the following is true? Unit Contribution Break-Even Margin Volume Increase Increase Increase Decrease Decrease Increase Decrease Decrease E. Not enough information
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