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30. Keith Inc. has 4 product lines: sour cream, ice cream, yogurt, and butter. Demand of...
Keith Inc. has 4 product lines: sour cream, ice cream, yogurt, and butter. Demand of individual...
Keith Inc. has 4 product lines: sour cream, ice cream, yogurt, and butter. Demand of individual products is not affected by changes in other product lines. 30% of the fixed costs are direct, and the other 70% are allocated. Results of June follow: Ice Cream 500 Units sold Revenue Variable departmental costs Fixed costs Net income (loss) Sour Cream 2,000 $10,000 6,000 5,000 $ (1,000) $20,000 13,000 2,000 $ 5,000 Yogurt 400 $10,000 4,200 3,000 $2,800 Butter 200 $20,000 4,800...
Sheffield Corp. has four product lines: sour cream, ice cream, yogurt, and butter. The total cost...
Sheffield Corp. has four product lines: sour cream, ice cream, yogurt, and butter. The total cost of producing the milk base for the products is $42000, which has been allocated based on the gallons of milk base used by each product. Results for July follow: Sour Cream Ice Cream Yogurt Butter Total Units sold 2000 500 400 2000 4900 Revenue $9350 $18700 $9350 $18700 $56100 Variable departmental costs 5250 11500 3750 4250 24750 Fixed costs 5000 2000 3000 7000 17000...
Multiple Choice Question 120 Sunland Company has four product lines: sour cream, ice cream, yogurt, and butter The...
Multiple Choice Question 120 Sunland Company has four product lines: sour cream, ice cream, yogurt, and butter The total cost of producing the milk base for the products is $52000, which has been allocated based on the gallons of milk base used by each product. Results for July follow: Sour Cream Ice Cream Yogurt Butter Total Units sold 2000 500 2000 400 4900 Revenue $11050 $22100 $11050 $22100 $66300 Variable departmental 7350 16100 5250 5950 34650 costs Fixed costs 5000...
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...
Crane Company manufactures widgets. Bowden Company has approached Crane with a proposal to sell the company...
Crane Company manufactures widgets. Bowden Company has approached Crane with a proposal to sell the company widgets at a price of $65600 for 100000 units. Crane is currently making these components in its own factory. The following costs are associated with this part of the process when 100000 units are produced: $ 24800 23200 Direct material Direct labor Manufacturing overhead Total 32000 $80000 The manufacturing overhead consists of $12800 of costs that will be eliminated if the components are no...
Please answer with clear work Top Hats Inc. has two product lines -baseball helmets and football...
Please answer with clear
work
Top Hats Inc. has two product lines -baseball helmets and football helmets, The income statement data for this year is Baseball Helmets $500,000 (250,000) $250,000 (90,000) Football Helmets Total $350,000 (280,000) $70,000 (90,000) $(20,000) $850,000 (530,000) $320,000 (180,000) $140,000 Sales Revenue Variable Costs Contribution Margin Fixed Costs Operating income (loss)$160,000 6.The firm might drop the football helmets line, which would reduce the costs by $50,000.How would the firm's operating income be affected if football helmets...
Semester Case - Cowboy Ice Cream, Inc. Assuming the expansion of CIC takes place, W.L. is trying to prepare...
Semester Case - Cowboy Ice Cream, Inc. Assuming the expansion of CIC takes place, W.L. is trying to prepare a sales budget for the year following the expansion. Currently he's working on data for the wholesale division. Using the information compiled above, complete the following. Assume that selling and administrative expenses are 15% of sales revenue. During the first six months of the year, the price charged averaged $7.75 per unit. Round all computations to the nearest whole dollar. First...
Segmented Income Statements, Adding and Dropping Product Lines Dantrell Palmer has Just been appointed manager of...
Segmented Income Statements, Adding and Dropping Product Lines Dantrell Palmer has Just been appointed manager of Kirchner Glass Products Division. He has two years to make the division profitable. If the division is still showing a loss after two years, it will be eliminated, and Dantrell will be reassigned as arn assistant divisional manager in another division. The divisional income statement for the most recent year is as follows: Sales Less: Variable expenses $4,590,000 ,953,450 $535,550 575,000 38,450) 200,000 238,450)...
Segmented Income Statements, Adding and Dropping Product Lines Dantrell Palmer has just been appointed manager of Kirchner Glass Products Division. He has two years to make the division profitable....
Segmented Income Statements, Adding and Dropping Product Lines Dantrell Palmer has just been appointed manager of Kirchner Glass Products Division. He has two years to make the division profitable. If the division is still showing a loss after two years, it will be eliminated, and Dantrell will be reassigned as an assistant divisional manager in another division. The divisional income statement for the most recent year is as follows: Sales $4,590,000 Less: Variable expenses 3,953,450 Contribution margin $636,550 Less: Direct...
Keith Inc. has 4 product lines: sour cream, ice cream, yogurt, and butter. Demand of individual products is not affected by changes in other product lines. 30% of the fixed costs are direct, and the other 70% are allocated. Results of June follow: Ice Cream 500 Units sold Revenue Variable departmental costs Fixed costs Net income (loss) Sour Cream 2,000 $10,000 6,000 5,000 $ (1,000) $20,000 13,000 2,000 $ 5,000 Yogurt 400 $10,000 4,200 3,000 $2,800 Butter 200 $20,000 4,800...
Multiple Choice Question 120 Sunland Company has four product lines: sour cream, ice cream, yogurt, and butter The total cost of producing the milk base for the products is $52000, which has been allocated based on the gallons of milk base used by each product. Results for July follow: Sour Cream Ice Cream Yogurt Butter Total Units sold 2000 500 2000 400 4900 Revenue $11050 $22100 $11050 $22100 $66300 Variable departmental 7350 16100 5250 5950 34650 costs Fixed costs 5000...
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...
Crane Company manufactures widgets. Bowden Company has approached Crane with a proposal to sell the company widgets at a price of $65600 for 100000 units. Crane is currently making these components in its own factory. The following costs are associated with this part of the process when 100000 units are produced: $ 24800 23200 Direct material Direct labor Manufacturing overhead Total 32000 $80000 The manufacturing overhead consists of $12800 of costs that will be eliminated if the components are no...
Please answer with clear
work
Top Hats Inc. has two product lines -baseball helmets and football helmets, The income statement data for this year is Baseball Helmets $500,000 (250,000) $250,000 (90,000) Football Helmets Total $350,000 (280,000) $70,000 (90,000) $(20,000) $850,000 (530,000) $320,000 (180,000) $140,000 Sales Revenue Variable Costs Contribution Margin Fixed Costs Operating income (loss)$160,000 6.The firm might drop the football helmets line, which would reduce the costs by $50,000.How would the firm's operating income be affected if football helmets...
Semester Case - Cowboy Ice Cream, Inc. Assuming the expansion of CIC takes place, W.L. is trying to prepare a sales budget for the year following the expansion. Currently he's working on data for the wholesale division. Using the information compiled above, complete the following. Assume that selling and administrative expenses are 15% of sales revenue. During the first six months of the year, the price charged averaged $7.75 per unit. Round all computations to the nearest whole dollar. First...
Segmented Income Statements, Adding and Dropping Product Lines Dantrell Palmer has Just been appointed manager of Kirchner Glass Products Division. He has two years to make the division profitable. If the division is still showing a loss after two years, it will be eliminated, and Dantrell will be reassigned as arn assistant divisional manager in another division. The divisional income statement for the most recent year is as follows: Sales Less: Variable expenses $4,590,000 ,953,450 $535,550 575,000 38,450) 200,000 238,450)...
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