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The Agate Corporation manufactures and sells two types of bookcases, standard and...
3. A company that makes organic fertilizer has supplied the following data: Bags produced and sold...
3. A company that makes organic fertilizer has supplied the following data: Bags produced and sold Sales revenue Variable manufacturing expense Fixed manufacturing expense Variable selling and administrative expense Fixed selling and administrative expense Net operating income 240,000 $1,896,000 $804,000 $520,000 $180,000 $270,000 $122,000 The company's degree of operating leverage is closest to: A. 1.97 B. 15.54 C. 1.25 D. 7.48 4. The Catherine Corporation manufactures and sells two types of bookcases, standard and deluxe. Catherine expects the following operating...
What is the correct answer? 100% Sparrow Company sells three different products that are similar, but...
What is the correct answer?
100% Sparrow Company sells three different products that are similar, but are differentiated by various product features. Budgeted sales by product and in total for the coming year are shown below: Product Standard Deluxe Premium Total Percentage of total sales 48% 20% 32% Sales $240,000 $100,000 $160,000 $500,000 Less: variable costs 72,000 80,000 88,000 240,000 Contribution margin $168,000 $ 20,000 $ 72,000 $260,000 Less: fixed expenses $233,600 Net operating income $ 26,400 If the actual...
Gogan Company manufactures and sells two products: Basic and Deluxe. Monthly sales, CM ratios, and the...
Gogan Company manufactures and sells two products: Basic and
Deluxe. Monthly sales, CM ratios, and the CM per unit for the two
products are shown below:
Product
Basic
Deluxe
Total
Sales
$
600,000
$
400,000
$
1,000,000
Contribution margin ratio
60
%
35
%
?
Contribution margin per unit
$
9.00
$
11.50
?
The company’s fixed expenses total $400,000 per month.
Required: 1. Prepare a contribution format income statement for the company as a whole. 1.000.000 Basic Deluxe Total...
Warm Hands, a small company based in Prince Edward Island, manufactures and sells two types of...
Warm Hands, a small company based in Prince Edward Island, manufactures and sells two types of lightweight gloves for runners- Warm and Cozy. Current revenue, cost, and unit sales data for the two products appear below: Selling price per pair Variable expenses per pair Number of pairs sold monthly Warm Cozy $ 6.00 $ 9.00 $ 1.50 $ 4.50 3,000 units1,000 units Fixed expenses are $2,160 per month. 2. The company has developed another type of gloves that provide better...
Come-On-In Manufacturing produces two types of entry doors: Deluxe and Standard. The assignment basis for support...
Come-On-In Manufacturing produces two types of entry doors: Deluxe and Standard. The assignment basis for support costs has been direct labor dollars. For 2010, Come-On-In compiled the following data for the two products: Deluxe Standard Sales units $50,000 $400,000 Sales price per unit $650.00 $475.00 Direct material and labor costs per unit $180.00 $130.00 Manufacturing support costs per unit $ 80.00 $120.00 Last year, Come-On-In Manufacturing purchased an expensive robotics system to allow for more decorative door products in the deluxe product line. The CFO suggested that an ABC...
Polaski Company manufactures and sells a single product called a Ret. Operating at capacity, the company...
Polaski Company manufactures and sells a single product called a Ret. Operating at capacity, the company can produce and sell 48,000 Rets per year. Costs associated with this level of production and sales are given below: Unit $ 25 Direct materials Direct labor Variable manufacturing overhead Fixed manufacturing overhead Variable selling expense Fixed selling expense Total cost On uw ou Total $ 1,200,000 384,000 144,000 240,000 96,000 288,000 $ 2,352,000 $ 49 The Rets normally sell for $54 each. Fixed...
please help me with my homework Polaski Company manufactures and sells a single product called a...
please help me with my homework
Polaski Company manufactures and sells a single product called a Ret. Operating at capacity, the company can produce and sell 50,000 Rets per year. Costs associated with this level of production and sales are given below. Unit 520 $ Direct materials Direct labor Variable manufacturing overhead Fixed manufacturing overhead Variable selling expense Fixed selling expense Total cost Total 1.000.000 400,000 150,000 450,000 100,000 300,000 2,400,000 $ The Rets normally sell for $53 each. Fixed...
Warm Hands, a small company based in Prince Edward Island, manufactures and sells two types of...
Warm Hands, a small company based in Prince Edward Island, manufactures and sells two types of lightweight gloves for runners—Warm and Cozy. Current revenue, cost, and unit sales data for the two products appear below: Warm Cozy Selling price per pair $8.00 $12.00 Variable expenses per pair $2.00 $6.00 Number of pairs sold monthly 1,200 units 400 units Fixed expenses are $3,510 per month. Required: 1. Assuming the sales mix above, do the following: a. Prepare a contribution format income...
Warm Hands, a small company based in Prince Edward Island, manufactures and sells two types of...
Warm Hands, a small company based in Prince Edward Island, manufactures and sells two types of lightweight gloves for runners—Warm and Cozy. Current revenue, cost, and unit sales data for the two products appear below: Warm Cozy Selling price per pair $8.00 $12.00 Variable expenses per pair $2.00 $6.00 Number of pairs sold monthly 1,200 units 400 units Fixed expenses are $3,510 per month. Required: 1. Assuming the sales mix above, do the following: a. Prepare a contribution format income...
Warm Hands, a small company based in Prince Edward Island, manufactures and sells two types of...
Warm Hands, a small company based in Prince Edward Island, manufactures and sells two types of lightweight gloves for runners- Warm and Cozy. Current revenue, cost, and unit sales data for the two products appear below: Selling price per pair Variable expenses per pair Number of pairs sold monthly Warm $ 5.00 $ 1.25 ,700 units Cozy $7.50 $ 3.75 900 units 2 Fixed expenses are $3,240 per month. Required: 1. Assuming the sales mix above, do the following: a....
3. A company that makes organic fertilizer has supplied the following data: Bags produced and sold Sales revenue Variable manufacturing expense Fixed manufacturing expense Variable selling and administrative expense Fixed selling and administrative expense Net operating income 240,000 $1,896,000 $804,000 $520,000 $180,000 $270,000 $122,000 The company's degree of operating leverage is closest to: A. 1.97 B. 15.54 C. 1.25 D. 7.48 4. The Catherine Corporation manufactures and sells two types of bookcases, standard and deluxe. Catherine expects the following operating...
What is the correct answer?
100% Sparrow Company sells three different products that are similar, but are differentiated by various product features. Budgeted sales by product and in total for the coming year are shown below: Product Standard Deluxe Premium Total Percentage of total sales 48% 20% 32% Sales $240,000 $100,000 $160,000 $500,000 Less: variable costs 72,000 80,000 88,000 240,000 Contribution margin $168,000 $ 20,000 $ 72,000 $260,000 Less: fixed expenses $233,600 Net operating income $ 26,400 If the actual...
Gogan Company manufactures and sells two products: Basic and
Deluxe. Monthly sales, CM ratios, and the CM per unit for the two
products are shown below:
Product
Basic
Deluxe
Total
Sales
$
600,000
$
400,000
$
1,000,000
Contribution margin ratio
60
%
35
%
?
Contribution margin per unit
$
9.00
$
11.50
?
The company’s fixed expenses total $400,000 per month.
Required: 1. Prepare a contribution format income statement for the company as a whole. 1.000.000 Basic Deluxe Total...
Warm Hands, a small company based in Prince Edward Island, manufactures and sells two types of lightweight gloves for runners- Warm and Cozy. Current revenue, cost, and unit sales data for the two products appear below: Selling price per pair Variable expenses per pair Number of pairs sold monthly Warm Cozy $ 6.00 $ 9.00 $ 1.50 $ 4.50 3,000 units1,000 units Fixed expenses are $2,160 per month. 2. The company has developed another type of gloves that provide better...
Polaski Company manufactures and sells a single product called a Ret. Operating at capacity, the company can produce and sell 48,000 Rets per year. Costs associated with this level of production and sales are given below: Unit $ 25 Direct materials Direct labor Variable manufacturing overhead Fixed manufacturing overhead Variable selling expense Fixed selling expense Total cost On uw ou Total $ 1,200,000 384,000 144,000 240,000 96,000 288,000 $ 2,352,000 $ 49 The Rets normally sell for $54 each. Fixed...
please help me with my homework
Polaski Company manufactures and sells a single product called a Ret. Operating at capacity, the company can produce and sell 50,000 Rets per year. Costs associated with this level of production and sales are given below. Unit 520 $ Direct materials Direct labor Variable manufacturing overhead Fixed manufacturing overhead Variable selling expense Fixed selling expense Total cost Total 1.000.000 400,000 150,000 450,000 100,000 300,000 2,400,000 $ The Rets normally sell for $53 each. Fixed...
Warm Hands, a small company based in Prince Edward Island, manufactures and sells two types of lightweight gloves for runners- Warm and Cozy. Current revenue, cost, and unit sales data for the two products appear below: Selling price per pair Variable expenses per pair Number of pairs sold monthly Warm $ 5.00 $ 1.25 ,700 units Cozy $7.50 $ 3.75 900 units 2 Fixed expenses are $3,240 per month. Required: 1. Assuming the sales mix above, do the following: a....
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