Homework Answers
| Sales Revenue | $ 165,900 |
| Variable Costs | $ 84,696 |
| Contribution Margin | $ 81,204 |
| Fixed Costs | $ 25,000 |
| Net Operating income | $ 56,204 |
1. Operating Income = $56204
2. Contribution Margin per unit = $81204/100 = $812.04
3. Contribution Margin Ratio = Contribution Margin / Sales x
100
= $81204/165900 = 48.95%
4. Break Even Units = Fixed Costs / Contribution Margin per
unit
= $25000 / $812.04 = 31 units
5. Units for $30000 income = (Fixed Costs+Target Income) /
Contribution Margin per unit
= ($25000+30000) / $812.04 = 68 units
6. Net Income = $56204 x (1-0.30) = $39343
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Answer options for question
4. Beginning work in process, cost of goods manufactured, direct
materials, direct wages, ending work in process.
5. Beginning finished goods inventory, cost of good avaliable
for sale, cost of goods manufactured, cost of goods sold, ending
finished goods inventory.
6. Administrative expenses, cost of goods sold, gross margin,
operating income, sales, selling expenses.
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The options it allows you to pick are Beginning Inventory,
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Fixed General and Administrative expense, Interest expense, Sales,
and Variable selling expense.
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The options it allows you to pick are Beginning Inventory, Contribution Margin, Cost of Goods Manufactured,...
The options it allows you to
pick are Beginning Inventory, Contribution Margin, Cost of Goods
Manufactured, Ending inventory, Fixed General and Administrative
expense, Interest expense, Sales, and Variable selling expense.
The following information pertains to the first year of operation for Crystal Cold Coolers Inc.: 3,000 2.500 350 S Number of units produced Number of units sold Unit sales price Direct materials per unit Direct labor per unit Variable manufacturing overhead per unit Fixed manufacturing overhead per unit ($225,000 +...
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Need help with 3-5
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The options it allows you to pick are Beginning Inventory, Contribution Margin, Cost of Goods Manufactured,...
The options it allows you to
pick are Beginning Inventory, Contribution Margin, Cost of Goods
Manufactured, Ending inventory, Interest Expense, Fixed General and
Administrative expense, Interest expense, Sales, and Variable
selling expense. Please only label those. Thanks!
The following information pertains to the first year of operation for Crystal Cold Coolers Inc.: 3,000 2.500 350 S Number of units produced Number of units sold Unit sales price Direct materials per unit Direct labor per unit Variable manufacturing overhead per unit...
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Answer options for question
4. Beginning work in process, cost of goods manufactured, direct
materials, direct wages, ending work in process.
5. Beginning finished goods inventory, cost of good avaliable
for sale, cost of goods manufactured, cost of goods sold, ending
finished goods inventory.
6. Administrative expenses, cost of goods sold, gross margin,
operating income, sales, selling expenses.
Cost Assignment Methods Brody Company makes industrial cleaning solvents. Various chemicals, detergent, and water are mixed together and then bottled in 10-gallon...
3 Information: 5 Number of Units Produced 6 Number of units Sold 3200 3200 $48 per unit $26 per unit Cost of Goods Sold Detail: Direct materials Direct Labor Manufacturing Overhead: Rent on Factory Building Depreciation on Equipment Other Expen Salaries for Rent of Offic Depreciation Commission 8 Revenue per unit $275 per unit $25,000 total 10 12 A) Traditional Absorption Costing Income Statement B) Contribution Margin Income Statement income Statement using Variable Costing) Calculate Total variable Total fixed cc...
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The options it allows you to pick are Beginning Inventory,
Contribution Margin, Cost of Goods Manufactured, Ending inventory,
Fixed General and Administrative expense, Interest expense, Sales,
and Variable selling expense.
The following information pertains to the first year of operation for Crystal Cold Coolers Inc.: 3,000 2.500 350 S Number of units produced Number of units sold Unit sales price Direct materials per unit Direct labor per unit Variable manufacturing overhead per unit Fixed manufacturing overhead per unit ($225,000 +...
The options it allows you to
pick are Beginning Inventory, Contribution Margin, Cost of Goods
Manufactured, Ending inventory, Fixed General and Administrative
expense, Interest expense, Sales, and Variable selling expense.
The following information pertains to the first year of operation for Crystal Cold Coolers Inc.: 3,000 2.500 350 S Number of units produced Number of units sold Unit sales price Direct materials per unit Direct labor per unit Variable manufacturing overhead per unit Fixed manufacturing overhead per unit ($225,000 +...
Need help with 3-5
Schedule of cost of goods manufactured Beginning raw material $ 155,000.00 Raw material purchase $ 45,000.00 Total raw material available $ 200,000.00 Less: Ending raw material $ 70,000.00 Raw material used in production $ $ 130,000.00 167,000.00 Direct labor Factory Overhead: Indirect Material $ 15,000.00 Indirect Labor $ 120,000.00 Depreciation - Plant and Equipment $ 24,000.00 Plant Utilities $ 58,000.00 Plant Insurance $ 12,000.00 Plant property tax $ 5,800.00 Total Factory Overhead $ 234,800.00 Total manufacturing...
The options it allows you to
pick are Beginning Inventory, Contribution Margin, Cost of Goods
Manufactured, Ending inventory, Interest Expense, Fixed General and
Administrative expense, Interest expense, Sales, and Variable
selling expense. Please only label those. Thanks!
The following information pertains to the first year of operation for Crystal Cold Coolers Inc.: 3,000 2.500 350 S Number of units produced Number of units sold Unit sales price Direct materials per unit Direct labor per unit Variable manufacturing overhead per unit...
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