Assume the following information for one segment of a company: Sales revenue $2,600,000 Variable manufacturing costs...
Assume the following information for one segment of a company:
| Sales revenue | $2,600,000 |
| Variable manufacturing costs | 200,000 |
| Fixed manufacturing costs | 350,000 |
| Variable selling/administrative costs | 120,000 |
| Fixed selling/administrative costs | 80,000 |
What is the product line's segment income?
|
$2,280,000 |
||
|
$1,930,000 |
||
|
$2,050,000 |
||
|
$1,850,000 |
Homework Answers
| Sales Revenue | $ 2,600,000.00 | ||||
| Less: | Variable Expenses | ||||
| Variable Manu. Costs | $ 200,000.00 | ||||
| Variable S/A costs | $ 120,000.00 | $ 320,000.00 | |||
| Contribution Margin | $ 2,280,000.00 | ||||
| Less: | Fixed Expenses | ||||
| Fixed Manu. Costs | $ 350,000.00 | ||||
| Fixed S/A costs | $ 80,000.00 | $ 430,000.00 | |||
| Product Line Segment Income | $ 1,850,000.00 | ||||
Add Answer to:
Assume the following information for one segment of a
company:
Sales revenue
$2,600,000
Variable manufacturing costs...
The following information is provided for Southall Company: Sales revenue Variable manufacturing costs Fixed manufacturing costs...
The following information is provided for Southall Company: Sales revenue Variable manufacturing costs Fixed manufacturing costs Variable selling and administrative costs Fixed selling and administrative costs $125,000 42,500 37,500 15,000 12,500 What is this company's contribution margin? Multiple Choice o $30,000 $45,000 0 $67,500 0 $17,500 $17,500
Walsh Company manufactures and sells one product. The following information pertains to each of the company’s...
Walsh Company manufactures and sells one product. The following
information pertains to each of the company’s first two years of
operations:
Variable costs per unit:
Manufacturing:
Direct materials
$
26
Direct labor
$
13
Variable manufacturing overhead
$
7
Variable selling and administrative
$
6
Fixed costs per year:
Fixed manufacturing overhead
$
320,000
Fixed selling and administrative expenses
$
80,000
During its first year of operations, Walsh produced 50,000 units
and sold 40,000 units. During its second year of...
Haas Company manufactures and sells one product. The following information pertains to each of the company’s first three...
Haas Company manufactures and sells one product. The following information pertains to each of the company’s first three years of operations: Variable costs per unit: Manufacturing: Direct materials $ 24 Direct labor $ 16 Variable manufacturing overhead $ 7 Variable selling and administrative $ 2 Fixed costs per year: Fixed manufacturing overhead $ 120,000 Fixed selling and administrative expenses $ 60,000 During its first year of operations, Haas produced 60,000 units and sold 60,000 units. During its second year of...
Custom Shoes Co. has gathered the following information concerning one model of shoe: Variable manufacturing costs...
Custom Shoes Co. has gathered the following information concerning one model of shoe: Variable manufacturing costs $40,000 Variable selling and administrative costs $20,000 Fixed manufacturing costs $160,000 Fixed selling and administrative costs $120,000 Investment $1,200,000 ROI 20% Planned production and sales 5,000 pairs What is the target selling price per pair of shoes?
Check my work Haas Company manufactures and sells one product. The following information pertains to each...
Check my work Haas Company manufactures and sells one product. The following information pertains to each of the company's first three years of operations: Variable costs per unit: Manufacturing: Direct materials Direct labor Variable manufacturing overhead Variable setting and administrative Fixed costs per year. Fixed manufacturing overhead Fixed selling and administrative expenses $ 120,000 $ 60,000 During its first year of operations, Hans produced 60.000 units and sold 60.000 units. During its second year of operations, it produced 75,000 units...
Variable costs per unit: Manufacturing: Direct materials $ 21 Direct labor $ 13 Variable manufacturing overhead...
Variable costs per unit: Manufacturing: Direct materials $ 21 Direct labor $ 13 Variable manufacturing overhead $ 3 Variable selling and administrative $ 2 Fixed costs per year: Fixed manufacturing overhead $ 400,000 Fixed selling and administrative expenses $ 60,000 During its first year of operations, Walsh produced 50,000 units and sold 40,000 units. During its second year of operations, it produced 40,000 units and sold 50,000 units. The selling price of the company’s product is $89 per unit. Required:...
EXERCISE 4A-1 Super-Variable Costing Income Statement L04-6 Zola Company manufactures and sells one product. The following...
EXERCISE 4A-1 Super-Variable Costing Income Statement L04-6 Zola Company manufactures and sells one product. The following information pertains to the company's first year of operations: $18 Variable cost per unit: Direct materials Fixed costs per year: Direct labor Fixed manufacturing overhead Fixed selling and administrative expenses $200,000 $250,000 $80,000 The company does not incur any variable manufacturing overhead costs or variable selling and administrative expenses. During its first year of operations, Zola produced 25,000 units and sold 20,000 units. The...
6) Mexico Company has the following data about its only product: Revenue $800,000 Direct materials used $200,000 Direct...
6) Mexico Company has the following data about its only product: Revenue $800,000 Direct materials used $200,000 Direct labor 80,000 Indirect manufacturing—fixed 100,000 Selling and administrative—fixed 150,000 Indirect manufacturing—variable 20,000 Selling and administrative—variable 60,000 Mexico Company uses the contribution approach. What is the contribution margin? calculate the operating income using contribution and absorption methods A) $390,000 B) $350,000 C) $440,000 D) $500,000
5 Sales revenue Variable manufacturing costs Fixed manufacturing costs Variable selling and administrative costs Fixed selling...
5 Sales revenue Variable manufacturing costs Fixed manufacturing costs Variable selling and administrative costs Fixed selling and administrative costs $274,000 93,000 67,000 38,000 33,000 What is this company's contribution margin? Multiple Choice o $43.000 $76.000 5114000 $143.000 6 Sales revenue (1,700 units * $19.20 per unit) Cost of goods sold (variable; 1,700 units x $9.20 per unit) Cost of goods sold (fixed) Gross margin Administrative salaries Depreciation Supplies (1,700 units * $1.20 per unit) Net income $ 32,640 (15,640) (3,200)...
lexington company reports the following information for june: net sales revenue 775,000 variable cost of goods...
lexington company reports the following information for june: net sales revenue 775,000 variable cost of goods sold 230,000 fixed costs of goods sold 180,000 variable selling and administrative costs 172,000 fixed selling and administrative costs 77,000. calculate the contribution margin and operating income for june using variable costing. begin by selecting the labels and entering the amounts to compute the contribution margin. then, select the labels and enter the amounts to compute the operating income.
The following information is provided for Southall Company: Sales revenue Variable manufacturing costs Fixed manufacturing costs Variable selling and administrative costs Fixed selling and administrative costs $125,000 42,500 37,500 15,000 12,500 What is this company's contribution margin? Multiple Choice o $30,000 $45,000 0 $67,500 0 $17,500 $17,500
Walsh Company manufactures and sells one product. The following
information pertains to each of the company’s first two years of
operations:
Variable costs per unit:
Manufacturing:
Direct materials
$
26
Direct labor
$
13
Variable manufacturing overhead
$
7
Variable selling and administrative
$
6
Fixed costs per year:
Fixed manufacturing overhead
$
320,000
Fixed selling and administrative expenses
$
80,000
During its first year of operations, Walsh produced 50,000 units
and sold 40,000 units. During its second year of...
Check my work Haas Company manufactures and sells one product. The following information pertains to each of the company's first three years of operations: Variable costs per unit: Manufacturing: Direct materials Direct labor Variable manufacturing overhead Variable setting and administrative Fixed costs per year. Fixed manufacturing overhead Fixed selling and administrative expenses $ 120,000 $ 60,000 During its first year of operations, Hans produced 60.000 units and sold 60.000 units. During its second year of operations, it produced 75,000 units...
EXERCISE 4A-1 Super-Variable Costing Income Statement L04-6 Zola Company manufactures and sells one product. The following information pertains to the company's first year of operations: $18 Variable cost per unit: Direct materials Fixed costs per year: Direct labor Fixed manufacturing overhead Fixed selling and administrative expenses $200,000 $250,000 $80,000 The company does not incur any variable manufacturing overhead costs or variable selling and administrative expenses. During its first year of operations, Zola produced 25,000 units and sold 20,000 units. The...
5 Sales revenue Variable manufacturing costs Fixed manufacturing costs Variable selling and administrative costs Fixed selling and administrative costs $274,000 93,000 67,000 38,000 33,000 What is this company's contribution margin? Multiple Choice o $43.000 $76.000 5114000 $143.000 6 Sales revenue (1,700 units * $19.20 per unit) Cost of goods sold (variable; 1,700 units x $9.20 per unit) Cost of goods sold (fixed) Gross margin Administrative salaries Depreciation Supplies (1,700 units * $1.20 per unit) Net income $ 32,640 (15,640) (3,200)...
Most questions answered within 3 hours.
-
Assume one of your finals has 50 questions on it, and
lucky for you, it's all...
asked 59 minutes ago -
Rice Products in Bangladesh
Business behavior is derived in large part from the basic cultural
environment...
asked 2 hours ago -
The following base sequence is found for a mRNA fragment from
wild-type E. coli: 5'- UAUCAGUAGAUAAUGUAACC-3'...
asked 2 hours ago -
For this exercise, round all regression parameters to three
decimal places.
One of the two tables...
asked 3 hours ago -
What is the 5% level of significance for mean = 3.60, standard
deviation = 0.94, and...
asked 3 hours ago -
Prior to beginning work on this discussion, please read the
article by Hayley Peterson, 15 Companies...
asked 3 hours ago -
Which pair of aqueous solutions, when mixed, will form a
precipitate?
A) NaNO3 and AgC2H3O2
B)...
asked 3 hours ago -
1-Write an algorithm to get two numbers from the user (as
inputs) and calculate the sum...
asked 7 hours ago -
Define white-collar crime. What is the difference between
offender and offense-based definitions of white-collar crime? What...
asked 7 hours ago -
Consider a reaction which is 1st order with respect to A and 1st
order with respect...
asked 8 hours ago -
c++
The length of the hypotenuse of a right-angled triangle is the
square root of the...
asked 8 hours ago -
When a metal rod is heated, not only its resistance but also its
length and cross‐sectional...
asked 8 hours ago