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Answer is D. Choice D
If sale increase by 15% then there is also increase in variable cost by same percentage hence per unit variable cost will remain constant while total fixed cost will remain constant if sale increase hence per unit fixed cost will decrease with increase in sale
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Last year, Small Company sold 10,000 units of its only product. If sales increase by 15%...
Idbor. B) Unspecified labor. C) Indirect labor. D) Basic labor. E) Joint labor. 13) Last year,...
Idbor. B) Unspecified labor. C) Indirect labor. D) Basic labor. E) Joint labor. 13) Last year, Gordon Company sold 20.000 units of its only product. If sales increase by 20% in the current year, how will unit variable cost and total fixed cost be affected? Unit Variable Cost A) Remains constant B) Increases C) Decreases D) Remains constant E) Remains constant Total Fixed Cost Remains constant Decreases Remains constant Decreases Increases C) Choice B E) Choice D D) Choice E...
Bud, Inc. sold 10,000 units for $70/unit of its only product last year. Operating information from...
Bud, Inc. sold 10,000 units for $70/unit of its only product last year. Operating information from last year is shown below: Total Cost Total Manufacturing Costs $440,000 Selling & Administrative Expenses Variable: $ 60,000 Fixed: $ 32,000 Bud management has indicated that manufacturing costs are 50% variable and 50% fixed. Management does not expect a change in the price/cost structure for next year. What percentage of each sale goes toward profit after the breakeven point is reached? If sales increase by $70,000, how...
The Snack Hut sells fudge, cashews, and caramel corn. They sold 10,000 units last year. Caramel...
The Snack Hut sells fudge, cashews, and caramel corn. They sold 10,000 units last year. Caramel corn outsold cashews by a ratio of 2 to 1. Sales of fudge were the same as sales of cashews. Fixed costs for The Snack Hut are $19,500. Additional information follows: Product Unit Sales Prices Unit Variable Cost Fudge $8.00 $4.00 Cashews $10.00 $5.00 Caramel Corn $6.00 $4.50 The weighted average contribution margin for the three products of The Snack Hut is O A....
Assume that a company produced 10,000 units and sold 8,000 units during its first year of...
Assume that a company produced 10,000 units and sold 8,000 units during its first year of operations. It has also provided the following information: Per Year Selling price Direct materials Direct labor Variable manufacturing overhead Sales commission Fixed manufacturing overhead Fixed selling and administrative expense Per Unit $240 $ 85 $ 60 $ 10 $ 11 $ 2 $ 250,000 If the company's unit product cost under absorption costing is $194, then what is the amount of fixed manufacturing overhead...
Question 4 (1 point Last year the Simple Company sold 10,000 units of a product for...
Question 4 (1 point Last year the Simple Company sold 10,000 units of a product for $25. For this year the marketing manager believes the firm should decrease price to $20. The marketing manager is now trying to forecast sales and revenue for this year. If demand for the product is inelastic and all other market conditions remain the same, which of the following should MOST LIKELY NOT be part of the forecast? overall unit sales may increase to 11,500...
Last year, Richmon Company produced 10,000 units and sold 6,000 units at a price of $20....
Last year, Richmon Company produced 10,000 units and sold 6,000 units at a price of $20. Costs for last year were as follows: Direct materials $30,000 Direct labor 38,000 Variable factory overhead 8,000 Fixed factory overhead 40,000 Variable selling expense 5,000 Fixed selling expense 4,900 Fixed administrative expense 11,000 Fixed factory overhead is applied based on expected production. Last year, Richmon expected to produce 10,000 units. What is operating income for last year under absorption costing? a. $55,000 b. $39,000...
and tribution This year Bertrand Company sold 40,000 units of its only product for $25 per...
and tribution This year Bertrand Company sold 40,000 units of its only product for $25 per unit Manufacturing and selling the product required $200,000 of fixed manufacturing costs and $325.000 of fixed selling and administrative costs, Tes per unit variable costs follow. $0.00 Material Direct labor (paid on the basis of completed units). Variable overhead costs Variable selling and administrative, costs Next year the company will use new material, which will reduce material costs by 50% and direct labor costs...
ABC Company sold 100 units of its only product in 2018, if sales increased by 40%...
ABC Company sold 100 units of its only product in 2018, if sales increased by 40% in 2019 what happens to total variable cost, total fixed cost, unit variable cost and unit fixed cost?
This year Burchard Company sold 27,000 units of its only product for $19.60 per unit. Manufacturing...
This year Burchard Company sold 27,000 units of its only product for $19.60 per unit. Manufacturing and selling the product required $112,000 of fixed manufacturing costs and $172,000 of fixed selling and administrative costs. Its per unit variable costs follow. Material $ 3.20 Direct labor (paid on the basis of completed units) 2.20 Variable overhead costs 0.32 Variable selling and administrative costs 0.12 Next year the company will use new material, which will reduce material costs by 60% and direct...
This year Bertrand Company sold 40,000 units of its only product for $25 per unit. Manufacturing...
This year Bertrand Company sold 40,000 units of its only product for $25 per unit. Manufacturing and selling the product required $200,000 of fixed manufacturing costs and $325,000 of fixed selling and administrative costs. Its per unit variable costs follow. tion $8.00 5.00 Material Direct labor (pald on the basis of completed units) Variable overhead costs, Variable selling and administrative costs 1.00 10.50 Next year the company will use new material, which will reduce material costs by 50% and direct...
Idbor. B) Unspecified labor. C) Indirect labor. D) Basic labor. E) Joint labor. 13) Last year, Gordon Company sold 20.000 units of its only product. If sales increase by 20% in the current year, how will unit variable cost and total fixed cost be affected? Unit Variable Cost A) Remains constant B) Increases C) Decreases D) Remains constant E) Remains constant Total Fixed Cost Remains constant Decreases Remains constant Decreases Increases C) Choice B E) Choice D D) Choice E...
The Snack Hut sells fudge, cashews, and caramel corn. They sold 10,000 units last year. Caramel corn outsold cashews by a ratio of 2 to 1. Sales of fudge were the same as sales of cashews. Fixed costs for The Snack Hut are $19,500. Additional information follows: Product Unit Sales Prices Unit Variable Cost Fudge $8.00 $4.00 Cashews $10.00 $5.00 Caramel Corn $6.00 $4.50 The weighted average contribution margin for the three products of The Snack Hut is O A....
Assume that a company produced 10,000 units and sold 8,000 units during its first year of operations. It has also provided the following information: Per Year Selling price Direct materials Direct labor Variable manufacturing overhead Sales commission Fixed manufacturing overhead Fixed selling and administrative expense Per Unit $240 $ 85 $ 60 $ 10 $ 11 $ 2 $ 250,000 If the company's unit product cost under absorption costing is $194, then what is the amount of fixed manufacturing overhead...
Question 4 (1 point Last year the Simple Company sold 10,000 units of a product for $25. For this year the marketing manager believes the firm should decrease price to $20. The marketing manager is now trying to forecast sales and revenue for this year. If demand for the product is inelastic and all other market conditions remain the same, which of the following should MOST LIKELY NOT be part of the forecast? overall unit sales may increase to 11,500...
and tribution This year Bertrand Company sold 40,000 units of its only product for $25 per unit Manufacturing and selling the product required $200,000 of fixed manufacturing costs and $325.000 of fixed selling and administrative costs, Tes per unit variable costs follow. $0.00 Material Direct labor (paid on the basis of completed units). Variable overhead costs Variable selling and administrative, costs Next year the company will use new material, which will reduce material costs by 50% and direct labor costs...
This year Bertrand Company sold 40,000 units of its only product for $25 per unit. Manufacturing and selling the product required $200,000 of fixed manufacturing costs and $325,000 of fixed selling and administrative costs. Its per unit variable costs follow. tion $8.00 5.00 Material Direct labor (pald on the basis of completed units) Variable overhead costs, Variable selling and administrative costs 1.00 10.50 Next year the company will use new material, which will reduce material costs by 50% and direct...
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