Homework Answers
| Ans. A | Particulars | Per unit | |
| Kevlar | $250 | ||
| Resin and supplies | $100 | ||
| Finishing kit (seat, rudder, ropes, etc.) | $170 | ||
| Labor | $420 | ||
| Selling and administrative expenses - variable | $400 | ||
| Total variable costs per unit | $1,340 | per unit | |
| Ans. B | Particulars | Per unit | |
| Unit selling price | $2,000 | ||
| Less: Unit variable cost | -$1,340 | ||
| Unit contribution margin | $660 | per unit | |
| Ans. C | Particulars | Per unit | |
| Selling and administrative expenses - fixed | $119,700 | ||
| Manufacturing overhead - fixed | $240,000 | ||
| Total fixed cost (a) | $359,700 | ||
| Unit contribution margin (b) | $660 | ||
| Break even point in units (a/b) | 545 | units | |
| Ans. D | Particulars | Per unit | |
| Total fixed cost | $359,700 | ||
| Target net income | $270,600 | ||
| Total fixed cost + Target net income (a) | $630,300 | ||
| Unit contribution margin (b) | $660 | ||
| Units need to be sold (a/b) | 955 | units | |
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3 (a) Calculate variable cost per unit. Current Designs.xls Data Review View Home Insert Page Layout...
Enable Editing (0) PROTECTED VIEW Be careful-files from the Internet can contain viruses. Unless you need...
Enable Editing (0) PROTECTED VIEW Be careful-files from the Internet can contain viruses. Unless you need to edit it's safer to stay in Protected view K19 DK 1 CD5 - EXCEL Tutorial 3 CURRENT DESIGNS 4 Bill Johnson, sales manager, and Diane Buswell, controller at Current Designs are beginning to analyze the cost 5 considerations for one of the composite models of the kayak division. They have provided the following production 6 and operational costs necessary to produce one composite...
NT DESIGNS and Diane Buswell, controller at Curr composite models of the kayak division. Th Ball...
NT DESIGNS and Diane Buswell, controller at Curr composite models of the kayak division. Th Ball Johnson, sales manager, rent for one of the on sicerational costs necessary to produce one composite kayav proviaeg ming to analyze the cos $250 per kayak $100 per kayak S170 per kayak $420 per kayak $400 per kayąk. $119,000 per year $240,000 per year Resin and supplies Finishing kit (seat, rudder, ropes, etc.) Labor Seling and administrative expenses - variable Selling and administrative expenses-fixed...
Chapter_2_Applying_Excel_Student_Form.xls File Home Insert Draw Page Layout Formulas Data Review Vie Arial 10 AA Paste *...
Chapter_2_Applying_Excel_Student_Form.xls
File Home Insert Draw Page Layout Formulas Data Review Vie Arial 10 AA Paste * Cut Еe Copy Format Painter Clipboard BIU Font Alignment A1 fx Chapter 2: Applying Excel B D ? per unit A B с Chapter 2: Applying Excel 2 3 Data 4 Unit sales 20,000 units 5 Selling price per unit $60 per unit 6 Variable expenses per unit $45 per unit 7 Fixed expenses $240,000 8 9 Enter a formula into each of the...
$170 per unit. The company incurs variable manufacturing costs of $83 per unit. Variable selling expenses...
$170 per unit. The company incurs variable manufacturing costs of $83 per unit. Variable selling expenses are $19 per unit, annual fixed manufacturing costs are $498.000, and fixed selling and administrative costs are $236.400 per year. Required Determine the break-even point in units and dollars using each of the following approaches: a. Use the equation method. b. Use the contribution margin per unit approach. c. Prepare a contribution margin income statement for the break-even sales volume. Complete this question by...
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nd it rises by $1.10 per anie tB-Lite, a diet soft drink. The beverage is sold for 50 cents per 16-ounce to retailers, who charge customers 75 cents per bottle. For the year bevy 7, management estimates the and costs $1,800,00oSelling expenses- variable Sales Direct materials Direct labor Manufacturing overhead- variable 430,000 Selling expenses -fixed 360,000 380,000 Administrative expenses fixed 280,000 $70,000 65,000 20,000 60,000 Manufacturing overhead -fixed Instructions (a) Prepare b) Compute the break-even point in (1) units and...
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P18-2A Prepare a CVP income statement, compute break-even point, contribution margin ratio, margin of safety ratio and sales for target net income Jorge Company bottles and distributes B-Lite, a diet soft drink. The beverage is sold for 50 cents per 16-ounce bottle to retailers, who charge customers 75 cents per bottle. For the year 2017, management estimates the following revenues and costs. Sales $1,800,000 Selling expenses - variable Direct materials 430,000 Selling expenses - fixed Direct labor 360,000 Administrative...
Zoom Company produces widgets. The widgets are sold for $3.00 per unit to wholesalers. Unit variable...
Zoom Company produces widgets. The widgets are sold for $3.00 per unit to wholesalers. Unit variable cost are 60%. For the year 2019, management estimates the following revenues and costs. $ Sales Direct materials Direct labor Manufacturing overhead-variable Manufacturing overhead-fixed Selling expenses - variable Selling expenses - fixed SGA expenses - Variable SGA expenses- fixed 2,500,000 630,000 560,000 350,000 480,000 80,000 85,000 40,000 100,000 5 Instructions: 6 (a) Compute the contribution margin ratio. (Round to the nearest full percent.) Instructions:...
IHG Company produces widgets. The widgets are sold for $2.00 per unit to wholesalers Unit variable...
IHG Company produces widgets. The widgets are sold for $2.00 per unit to wholesalers Unit variable cost are 60 % . For the year 2019, management estimates the following revenues and costs Selling expenses Selling expenses SGA expenses V SGA expenses- fix Sales Direct materials 70,000 75,000 30,000 1.100.000 530,000 460,000 Direct labor Manufacturing overhead- variable Manufacturing overhead -fixed 400,000 80,000 380,000 Instructions: (a) Compute the contribution margin ratio. (Round to the nearest full percent.) Compute the break-even point in...
Ritchie Manufacturing Company makes a product that it sells for $160 per unit. The company incurs variable manufacturin...
Ritchie Manufacturing Company makes a product that it sells for $160 per unit. The company incurs variable manufacturing costs of $73 per unit. Variable selling expenses are $15 per unit, annual fixed manufacturing costs are $490,000, and fixed selling and administrative costs are $258,800 per year. Required Determine the break-even point in units and dollars using each of the following approaches: a. Use the equation method. b. Use the contribution margin per unit approach c. Prepare a contribution margin income...
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Target Profit Ramirez Inc. sells a product for $80 per unit. The variable cost is $60 per unit, and fixed costs are $2,000,000. Determine (a) the break-even point in sales units and (b) the break-even point in sales units if the company desires a target profit of $250,000. a. Break-even point in sales units 100,000 units b. Break-even point in sales units if the company desires a target profit of $250,000 22,500 units Feedback a. Unit sales price minus unit...
Enable Editing (0) PROTECTED VIEW Be careful-files from the Internet can contain viruses. Unless you need to edit it's safer to stay in Protected view K19 DK 1 CD5 - EXCEL Tutorial 3 CURRENT DESIGNS 4 Bill Johnson, sales manager, and Diane Buswell, controller at Current Designs are beginning to analyze the cost 5 considerations for one of the composite models of the kayak division. They have provided the following production 6 and operational costs necessary to produce one composite...
NT DESIGNS and Diane Buswell, controller at Curr composite models of the kayak division. Th Ball Johnson, sales manager, rent for one of the on sicerational costs necessary to produce one composite kayav proviaeg ming to analyze the cos $250 per kayak $100 per kayak S170 per kayak $420 per kayak $400 per kayąk. $119,000 per year $240,000 per year Resin and supplies Finishing kit (seat, rudder, ropes, etc.) Labor Seling and administrative expenses - variable Selling and administrative expenses-fixed...
Chapter_2_Applying_Excel_Student_Form.xls
File Home Insert Draw Page Layout Formulas Data Review Vie Arial 10 AA Paste * Cut Еe Copy Format Painter Clipboard BIU Font Alignment A1 fx Chapter 2: Applying Excel B D ? per unit A B с Chapter 2: Applying Excel 2 3 Data 4 Unit sales 20,000 units 5 Selling price per unit $60 per unit 6 Variable expenses per unit $45 per unit 7 Fixed expenses $240,000 8 9 Enter a formula into each of the...
$170 per unit. The company incurs variable manufacturing costs of $83 per unit. Variable selling expenses are $19 per unit, annual fixed manufacturing costs are $498.000, and fixed selling and administrative costs are $236.400 per year. Required Determine the break-even point in units and dollars using each of the following approaches: a. Use the equation method. b. Use the contribution margin per unit approach. c. Prepare a contribution margin income statement for the break-even sales volume. Complete this question by...
nd it rises by $1.10 per anie tB-Lite, a diet soft drink. The beverage is sold for 50 cents per 16-ounce to retailers, who charge customers 75 cents per bottle. For the year bevy 7, management estimates the and costs $1,800,00oSelling expenses- variable Sales Direct materials Direct labor Manufacturing overhead- variable 430,000 Selling expenses -fixed 360,000 380,000 Administrative expenses fixed 280,000 $70,000 65,000 20,000 60,000 Manufacturing overhead -fixed Instructions (a) Prepare b) Compute the break-even point in (1) units and...
Zoom Company produces widgets. The widgets are sold for $3.00 per unit to wholesalers. Unit variable cost are 60%. For the year 2019, management estimates the following revenues and costs. $ Sales Direct materials Direct labor Manufacturing overhead-variable Manufacturing overhead-fixed Selling expenses - variable Selling expenses - fixed SGA expenses - Variable SGA expenses- fixed 2,500,000 630,000 560,000 350,000 480,000 80,000 85,000 40,000 100,000 5 Instructions: 6 (a) Compute the contribution margin ratio. (Round to the nearest full percent.) Instructions:...
IHG Company produces widgets. The widgets are sold for $2.00 per unit to wholesalers Unit variable cost are 60 % . For the year 2019, management estimates the following revenues and costs Selling expenses Selling expenses SGA expenses V SGA expenses- fix Sales Direct materials 70,000 75,000 30,000 1.100.000 530,000 460,000 Direct labor Manufacturing overhead- variable Manufacturing overhead -fixed 400,000 80,000 380,000 Instructions: (a) Compute the contribution margin ratio. (Round to the nearest full percent.) Compute the break-even point in...
Ritchie Manufacturing Company makes a product that it sells for $160 per unit. The company incurs variable manufacturing costs of $73 per unit. Variable selling expenses are $15 per unit, annual fixed manufacturing costs are $490,000, and fixed selling and administrative costs are $258,800 per year. Required Determine the break-even point in units and dollars using each of the following approaches: a. Use the equation method. b. Use the contribution margin per unit approach c. Prepare a contribution margin income...
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