Homework Answers
Correct answer will be D: $77400
Working for your refrence
| Computation of Net Income ( LOSS)- Blaine Corporation | ||
| Sales ( 40000X $10.36) | $414,400.00 | |
| Less: Variable cost | ||
| Manufacturing | $117,000.00 | |
| Marketing | $32,000.00 | |
| Administrative | $34,000.00 | $183,000.00 |
| Contribution | $231,400.00 | |
| Less: Fixed Cost | ||
| Manufacturing | $110,000.00 | |
| Marketing | $23,000.00 | |
| Administrative | $21,000.00 | $154,000.00 |
| Net Income | $77,400.00 | |
| Let me know if any doubt Kindly mark with positive rating it would help me lot. Thanks in advance. |
Add Answer to:
The following information for the past year for the Blaine Corporation has been provided: $110,000 23,000...
The following information for the past year for the Blaine Corporation has been provided: Fixed costs:...
The following information for the past year for the Blaine Corporation has been provided: Fixed costs: Manufacturing $ 125 comma 000$125,000 Marketing 24 comma 00024,000 Administrative 20 comma 00020,000 Variable costs: Manufacturing $ 110 comma 000$110,000 Marketing 30 comma 00030,000 Administrative 34 comma 00034,000 During the year, the company produced and sold 60 comma 00060,000 units of product at a selling price of $ 12.40$12.40 per unit. There was no beginning inventory of the product at the beginning of the...
The following information for the past year for the Blaine Corporation has been provided 398 Click...
The following information for the past year for the Blaine Corporation has been provided 398 Click the icon to view the data) During the year, the company produced and sold 40.000 units of product at a selling price of $10.42 per unit. There was no beginning inventory of product at the beginning of the year. What is the contribution margin per unit for Blaine Corporation? (Round any intermediary cal and your final answer to the nearest cent) 3 OA. 50.07...
Stallard Corporation gathered the following information for the year just ended: During the year, Stallard produced...
Stallard Corporation gathered the following information for the year just ended: During the year, Stallard produced and sold 50,000 units of product at a selling price of $5.64 per unit. There was no beginning inventory of product at the start of the year. What is the operating income (loss) for the year? Data Table Fixed costs: Manufacturing $120,000 Marketing 41,000 Administrative 17,000 Variable costs: Manufacturing $60,000 Marketing 17,000 Administrative 40,000 A.−$13,000 B. $282,000 C. $165,000 D. $104,000
The following information has been provided for Lead Manufacturing Prepare a budgeted income statement for next year. C...
The following information has been provided for Lead Manufacturing Prepare a budgeted income statement for next year. Current unit prices 74,000 4,200 3,560 8,190 23,000 Given Information for current year: Revenue (100,000 units; $0.74/unit) Manufacturing Costs: Materials (unit level) Unit-level (variable) OH cash costs Facility-level (fixed) OH cash costs Depreciation facility-level) Marketing & admin costs: Marketing (unit-level, cash) Marketing depreciation Administrative facility-level, cash) Administrative depreciation Total Costs Operating Profit 10,560 4,100 12,730 1,870 68,210 5,790 Anticipated changes for next year...
Help Save & E Gabuat Corporation, which has only one product, has provided the following data...
Help Save & E Gabuat Corporation, which has only one product, has provided the following data concerning its most recent month of operations: Selling price $ 136 Units in beginning inventory Units produced Units sold Units in ending inventory 3,400 2,920 480 Variable costs per unit: Direct materials Direct labor Variable manufacturing overhead Variable selling and administrative expense Fixed costs: Fixed manufacturing overhead Fixed selling and administrative expense wwww $68,000 $14,600 The total gross margin for the month under the...
Cool Sky reports the following costing data on its product for its first year of operations....
Cool Sky reports the following costing data on its product for its first year of operations. During this first year, the company produced 42,000 units and sold 34,000 units at a price of $110 per unit. Manufacturing costs Direct materials per unit $ 42 Direct labor per unit $ 16 Variable overhead per unit $ 5 Fixed overhead for the year $ 378,000 Selling and administrative costs Variable selling and administrative cost per unit $ 11 Fixed selling and...
The following information is available for year 1 for Pepper Products: $2,200,000 2.5 points $ Skipped...
The following information is available for year 1 for Pepper Products: $2,200,000 2.5 points $ Skipped 131,000 112,000 258,000 787,000 Sales revenue (110,000 units) Manufacturing costs Materials Variable cash costs Fixed cash costs Depreciation (fixed) Marketing and administrative costs Marketing (variable, cash) Marketing depreciation Administrative (fixed, cash) Administrative depreciation Total costs Operating profits eBook 332,000 117,000 398,000 59,000 $2,194,000 $ 6,000 Print ♡ References All depreciation charges are fixed and are expected to remain the same for year 2. Sales...
Cambridge Roller Skates has three product lines-D, E, and F. The following information is available: Sales...
Cambridge Roller Skates has three product lines-D, E, and F. The following information is available: Sales revenue $70,000 $60,000 $30,000 Variable costs (40,000) (115.000) (10.000) Contribution margin $30,000 $45,000 $20,000 Fixed costs (15.000) (5.000) (23.000) Operating income (loss) $15,000 $40,000 $(3,000) The company is deciding whether to drop product line F because it has an operating loss. Assume that $21,000 of total fixed costs could be eliminated by O A. Operating income will decrease by $1,000 O B. Operating income...
QUESTION 2 Butteco Corporation has provided the following cost data for last year when 100,000 units...
QUESTION 2 Butteco Corporation has provided the following cost data for last year when 100,000 units were produced and sold: Raw materials ................ Direct labor.... Manufacturing overhead ............. Selling and administrative expense................... $200,000 $100,000 $200,000 $150,000 All costs are variable except for $100,000 of manufacturing overhead and $100,000 of selling and administrative expense. There are no beginning or ending inventories. If the selling price is $10 per unit, the net operating income from producing and selling 110,000 units would be:...
Farris Corporation, which has only one product, has provided the following data concerning its most recent...
Farris Corporation, which has only one product, has provided the following data concerning its most recent month of operations: Selling price $ 124 Units in beginning inventory Units produced Units sold Units in ending inventory 9,100 8,700 400 Variable costs per unit: Direct materials Direct labor Variable manufacturing overhead Variable selling and administrative expense Fixed costs! Fixed manufacturing overhead Fixed selling and administrative expense 13 $136,500 $ 9,100 What is the net operating income (loss) for the month under variable...
The following information for the past year for the Blaine Corporation has been provided 398 Click the icon to view the data) During the year, the company produced and sold 40.000 units of product at a selling price of $10.42 per unit. There was no beginning inventory of product at the beginning of the year. What is the contribution margin per unit for Blaine Corporation? (Round any intermediary cal and your final answer to the nearest cent) 3 OA. 50.07...
The following information has been provided for Lead Manufacturing Prepare a budgeted income statement for next year. Current unit prices 74,000 4,200 3,560 8,190 23,000 Given Information for current year: Revenue (100,000 units; $0.74/unit) Manufacturing Costs: Materials (unit level) Unit-level (variable) OH cash costs Facility-level (fixed) OH cash costs Depreciation facility-level) Marketing & admin costs: Marketing (unit-level, cash) Marketing depreciation Administrative facility-level, cash) Administrative depreciation Total Costs Operating Profit 10,560 4,100 12,730 1,870 68,210 5,790 Anticipated changes for next year...
Help Save & E Gabuat Corporation, which has only one product, has provided the following data concerning its most recent month of operations: Selling price $ 136 Units in beginning inventory Units produced Units sold Units in ending inventory 3,400 2,920 480 Variable costs per unit: Direct materials Direct labor Variable manufacturing overhead Variable selling and administrative expense Fixed costs: Fixed manufacturing overhead Fixed selling and administrative expense wwww $68,000 $14,600 The total gross margin for the month under the...
The following information is available for year 1 for Pepper Products: $2,200,000 2.5 points $ Skipped 131,000 112,000 258,000 787,000 Sales revenue (110,000 units) Manufacturing costs Materials Variable cash costs Fixed cash costs Depreciation (fixed) Marketing and administrative costs Marketing (variable, cash) Marketing depreciation Administrative (fixed, cash) Administrative depreciation Total costs Operating profits eBook 332,000 117,000 398,000 59,000 $2,194,000 $ 6,000 Print ♡ References All depreciation charges are fixed and are expected to remain the same for year 2. Sales...
Cambridge Roller Skates has three product lines-D, E, and F. The following information is available: Sales revenue $70,000 $60,000 $30,000 Variable costs (40,000) (115.000) (10.000) Contribution margin $30,000 $45,000 $20,000 Fixed costs (15.000) (5.000) (23.000) Operating income (loss) $15,000 $40,000 $(3,000) The company is deciding whether to drop product line F because it has an operating loss. Assume that $21,000 of total fixed costs could be eliminated by O A. Operating income will decrease by $1,000 O B. Operating income...
QUESTION 2 Butteco Corporation has provided the following cost data for last year when 100,000 units were produced and sold: Raw materials ................ Direct labor.... Manufacturing overhead ............. Selling and administrative expense................... $200,000 $100,000 $200,000 $150,000 All costs are variable except for $100,000 of manufacturing overhead and $100,000 of selling and administrative expense. There are no beginning or ending inventories. If the selling price is $10 per unit, the net operating income from producing and selling 110,000 units would be:...
Farris Corporation, which has only one product, has provided the following data concerning its most recent month of operations: Selling price $ 124 Units in beginning inventory Units produced Units sold Units in ending inventory 9,100 8,700 400 Variable costs per unit: Direct materials Direct labor Variable manufacturing overhead Variable selling and administrative expense Fixed costs! Fixed manufacturing overhead Fixed selling and administrative expense 13 $136,500 $ 9,100 What is the net operating income (loss) for the month under variable...
Most questions answered within 3 hours.
-
Write a program to solve the Josephus problem, with the following
modification:
Sample Input:
./a.out n...
asked 1 hour ago -
At the start of a CD it is spinning at a rate of 525 rpm
(revolutions...
asked 2 hours ago -
4. Without doing any calculations, predict whether the observed
∆T would increase, decrease or remain the...
asked 3 hours ago -
Based on the range, which of the following sets of scores has
the greatest variability? 3,...
asked 4 hours ago -
Ripples in a pond travel at a velocity of 3 m/s with one peak
passing a...
asked 4 hours ago -
A man stands on the roof of a building of height 13.0 mm and
throws a...
asked 4 hours ago -
The extent to which assets are financed by borrowed funds and
other liabilities is indicated by:...
asked 5 hours ago -
Explain in detail
Germany is the fifth largest economy
explain what goods and services Germany specializes...
asked 5 hours ago -
The density of platinum is 21.45 g/mL. If a cube of platinum
with a mass of...
asked 5 hours ago -
Accounts Receivable
Sales
A/R Posting
Extended Sales Invoice
Packing Slip
Compare invoice to packing slip 2...
asked 5 hours ago -
Michaella, age 23, is a full-time law student and is claimed by
her parents as a...
asked 5 hours ago -
Why are polymers not typically casted into products?
asked 6 hours ago