Homework Answers
| Variable cost per unit | = | $ 118 | |||
| Total Fixed costs | = | $ 10,00,000 | |||
| Income from operation at sales of 14000 units | = | $ 4,00,000 | |||
| Income from operation at sales of 18000 units | = | $ 8,00,000 | |||
| Workings: | |||||
| Variable amount per unit | Total Fixed cost | 14,000 units | 18,000 units | ||
| (a) | [(a) X 14,000] | [(a) X 18,000] | |||
| (i) | Sales (3488000/16000) | $ 218 | $ 30,52,000 | $ 39,24,000 | |
| Variable Costs: | |||||
| Direct material (368000/16000) | $ 23 | $ 3,22,000 | $ 4,14,000 | ||
| Direct labor (704000/16000) | $ 44 | $ 6,16,000 | $ 7,92,000 | ||
| Production Supplies (448000/16000) | $ 28 | $ 3,92,000 | $ 5,04,000 | ||
| Sales Commissions (128000/16000) | $ 8 | $ 1,12,000 | $ 1,44,000 | ||
| Packaging (240000/16000) | $ 15 | $ 2,10,000 | $ 2,70,000 | ||
| (ii) | Total Variable costs | $ 118 | $ 16,52,000 | $ 21,24,000 | |
| (iii) | Contribution margin (i) - (ii) | $ 100 | $ 14,00,000 | $ 18,00,000 | |
| Fixed costs: | |||||
| Plant manager salary | $ 1,68,000 | $ 1,68,000 | $ 1,68,000 | ||
| Advertising | $ 1,00,000 | $ 1,00,000 | $ 1,00,000 | ||
| Administrative Salaries | $ 2,18,000 | $ 2,18,000 | $ 2,18,000 | ||
| Depreciation - Office Equip. | $ 1,88,000 | $ 1,88,000 | $ 1,88,000 | ||
| Insurance | $ 1,58,000 | $ 1,58,000 | $ 1,58,000 | ||
| Office Rent | $ 1,68,000 | $ 1,68,000 | $ 1,68,000 | ||
| (iv) | Total Fixed Costs (iii) - (iv) | $ 10,00,000 | $ 10,00,000 | $ 10,00,000 | |
| Income from Operations | $ 4,00,000 | $ 8,00,000 |
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Ch 08 Ex 8-3 Saved Help Save & Exit Submit Check my work Tempo Company's fixed...
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Ch 08 Ex 8-30 Tempo Company's fixed budget (based on sales of 10,000 units) for the...
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Ch 08 Ex 8-15 Saved Help Save & Exit Submit Check my work The following describes...
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Exercise 08-3 Preparing flexible budgets LO P1 Tempo Company's fixed budget (based on sales of 16,000 units) for the first quarter reveals the following Fixed Budget Sales (16,000 units x $204 per unit) Cost of goods sold Direct materials $3,264,000 $384,000 704,000 448,000 184,000 Direct labor Production supplies Plant manager salary Gross profit Selling expenses Sales commissions Packaging Advertising Administrative expenses Administrative salaries Depreciation-office equip. 1,720,000 1,544,000 128,000 256,000 100,000 484,000 234,000 204,000 174,000 184,000 Insurance Office rent 796,000 $...
Exercise 08-3 Preparing flexible budgets LO P1 Tempo Company's fixed budget (based on sales of 16,000...
Exercise 08-3 Preparing flexible budgets LO P1 Tempo Company's fixed budget (based on sales of 16,000 units) for the first quarter reveals the following. Fixed Budget $3,392,000 $384,000 672,000 432,000 184,000 1,672,000 1,720,000 Sales (16,000 units x $212 per unit) Cost of goods sold Direct materials Direct labor Production supplies Plant manager salary Gross profit Selling expenses Sales commissions Packaging Advertising Administrative expenses Administrative salaries Depreciation-office equip. Insurance Office rent Income from operations 144,000 240,000 100,000 484,000 234,000 204,000 174,000...
Ch 08 Ex 8-2 Saved Help Save & Exit Submit Check my work Tempo Company's fixed budget (based on sales of 14,000 units) for the first quarter reveals the following. Fixed Budget $2,856,000 points eBook $336,000 602,000 378,000 136,000 Hint 1,452,000 1,404,000 Ask Print Sales (14,000 units X $204 per unit) Cost of goods sold Direct materials Direct labor Production supplies Plant manager salary Gross profit Selling expenses Sales commissions Packaging Advertising Administrative expenses Administrative salaries Depreciation-office equip. Insurance Office...
Ch 08 Ex 8-3 G Saved Help Save 1 Tempo Company's fixed budget (based on sales of 16,000 units) for the first quarter reveals the following. Fixed Budget Sales (16,000 units x $215 per unit) Cost of goods sold Direct materials $3,440,000 10 points $368,000 Direct labor 688,000 432,000 168,000 Production supplies Plant manager salary Gross profit Selling expenses 1,656,000 1,784,000 еВok Sales commissions 128,000 256,000 Packaging Advertising Administrative expenses Administrative salaries Depreciation-office equip 484,000 100,000 Hint 218,000 188,000 158,000...
Ch 08 Ex 8-30 Tempo Company's fixed budget (based on sales of 10,000 units) for the first quarter reveals the following. Fixed Budget $2,070,000 10 points $240,000 440,000 280,000 40,000 1,000,000 1,070,000 eBook Sales (10,000 units x $207 per unit) Cost of goods sold Direct materials Direct labor Production supplies Plant manager salary Gross profit Selling expenses Sales commissions Packaging Advertising Administrative expenses Administrative salaries Depreciation-office equip. Insurance Office rent Income from operations 80,000 150,000 100,000 COT 330,000 Hint 90,000...
Check my work Exercise 08-3 Preparing flexible budgets LO P1 Tempo Company's fixed budget (based on sales of 14,000 units) for the first quarter reveals the following Skipped Fixed Budget $2,814,000 $322,000 602,000 392,000 122,000 eBook 1,430.000 1,376,000 Sales (14,000 units * $201 per unit) Cost of goods sold Direct materials Direct labor Production supplies Plant manager salary Gross profit Selling expenses Sales commissions Packaging Advertising Administrative expenses Administrative salaries Depreciation-office equip. Insurance office rent Income from operations 112,000 210,000...
Ch 06 Ex 6-3 Submit Help Save & Exit Check my work 1 Sims Company, a manufacturer of tablet computers, began operations on January 1, 2019. Its cost and sales Information for this year follows 10 points Manufacturing costs Direct materials 35 per unit Direct labor Overhead costs 55 per unit Variable 30 per unit $7,350, eee (per year) eBook Fixed Selling and administrative costs for the year 750, eee $4,75e,eee Variable Fixed Hint Production and sales for the year...
Ch 08 Ex 8-15 Saved Help Save & Exit Submit Check my work The following describes production activities of Mercer Manufacturing for the year. 15 points Actual direct materials used 20,000 lbs. at $4.25 per lb. 7,265 hours for a total of Actual direct labor used $140,941 Actual units produced 42,030 eBook Hint Budgeted standards for each unit produced are 0.50 pound of direct material at $4.20 per pound and 10 minutes of direct labor at $20.40 per hour. Ask...
Ch 06 Ex 6-9 A Saved Help Save & Exit Submit Check my work Required information [The following information applies to the questions displayed below.) Part 1 of 4 Cool Sky reports the following costing data on its product for its first year of operations. During this first year, the company produced 44,000 units and sold 36,000 units at a price of $120 per unit. points $ $ 48 18 Manufacturing costs Direct materials per unit Direct labor per unit...
Exercise 08-3 Preparing flexible budgets LO P1 Tempo Company's fixed budget (based on sales of 16,000 units) for the first quarter reveals the following. Fixed Budget $3,424,000 $400,000 688,000 416,000 200,000 1,704,000 1,720,000 Sales (16,000 units * $214 per unit) Cost of goods sold Direct materials Direct labor Production supplies Plant manager salary Gross profit Selling expenses Sales commissions Packaging Advertising Administrative expenses Administrative salaries Depreciation-office equip. Insurance Office rent Income from operations 128,000 256,000 100,000 484,000 250,000 220,000 190,000...
Exercise 08-3 Preparing flexible budgets LO P1 Tempo Company's fixed budget (based on sales of 16,000 units) for the first quarter reveals the following Fixed Budget Sales (16,000 units x $204 per unit) Cost of goods sold Direct materials $3,264,000 $384,000 704,000 448,000 184,000 Direct labor Production supplies Plant manager salary Gross profit Selling expenses Sales commissions Packaging Advertising Administrative expenses Administrative salaries Depreciation-office equip. 1,720,000 1,544,000 128,000 256,000 100,000 484,000 234,000 204,000 174,000 184,000 Insurance Office rent 796,000 $...
Exercise 08-3 Preparing flexible budgets LO P1 Tempo Company's fixed budget (based on sales of 16,000 units) for the first quarter reveals the following. Fixed Budget $3,392,000 $384,000 672,000 432,000 184,000 1,672,000 1,720,000 Sales (16,000 units x $212 per unit) Cost of goods sold Direct materials Direct labor Production supplies Plant manager salary Gross profit Selling expenses Sales commissions Packaging Advertising Administrative expenses Administrative salaries Depreciation-office equip. Insurance Office rent Income from operations 144,000 240,000 100,000 484,000 234,000 204,000 174,000...
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