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Homework Answers
Contribution margin per unit
= Selling price - Variable costs
= 66 - 18 - (66*5%)
= 44.70
Breakeven point = Fixed cost/Contribution margin per unit
= 985,700/44.70
= 22,051
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! Required information [The following information applies to the questions displayed below.] Corrigan Enterprises is studying...
Required information (The following information applies to the questions displayed below.) Corrigan Enterprises is studying the...
Required information (The following information applies to the questions displayed below.) Corrigan Enterprises is studying the acquisition of two electrical component insertion systems for producing its sole product, the universal gismo. Data relevant to the systems follow. Model no. 6754: Variable costs, $18.00 per unit Annual fixed costs, $985,700 Model no. 4399: Variable costs, $12.80 per unit Annual fixed costs, $1,114,000 Corrigan's selling price is $66 per unit for the universal gismo, which is subject to a 5 percent sales...
Required information The following information applies to the questions displayed below.) Corrigan Enterprises is studying the...
Required information The following information applies to the questions displayed below.) Corrigan Enterprises is studying the acquisition of two electrical component insertion systems for producing its sole product, the universal gismo. Data relevant to the systems follow. Model no. 6754: Variable costs, $18.00 per unit Annual fixed costs, $986,200 Model no. 4399: Variable costs, $11.80 per unit Annual fixed costs, $1,114,200 Corrigan's selling price is $66 per unit for the universal gismo, which is subject to a 10 percent sales...
Required information [The following information applies to the questions displayed below.) Corrigan Enterprises is studying the...
Required information [The following information applies to the questions displayed below.) Corrigan Enterprises is studying the acquisition of two electrical component insertion systems for producing its sole product, the universal gismo. Data relevant to the systems follow. Model no. 6754: Variable costs, $18.00 per unit Annual fixed costs, $986,500 Model no. 4399: Variable costs, $10.80 per unit Annual fixed costs, $1,113,600 Corrigan's selling price is $63 per unit for the universal gismo, which is subject to a 10 percent sales...
Required information [The following information applies to the questions displayed below.) Corrigan Enterprises is studying the...
Required information [The following information applies to the questions displayed below.) Corrigan Enterprises is studying the acquisition of two electrical component insertion systems for producing its sole product, the universal gismo. Data relevant to the systems follow. Model no. 6754: Variable costs, $18.00 per unit Annual fixed costs, $985,700 Model no. 4399: Variable costs, $12.80 per unit Annual fixed costs, $1,114,000 Corrigan's selling price is $66 per unit for the universal gismo, which is subject to a 5 percent sales...
Required information The following information applies to the questions displayed below] Corrigan Enterprises is studying the...
Required information The following information applies to the questions displayed below] Corrigan Enterprises is studying the acquisition of two electrical component insertion systems for producing its sole product, the universal gismo. Data relevant to the systems follow. Model no. 6754: Variable costs, $20.00 per unit Annual fixed costs, $985, 800 Model no. 4399: Variable costs, $11.80 per unit Annual fixed costs, $1,114,600 Corrigan's selling price is $70 per unit for the universal gismo, which is subject to a 10 percent...
Required information [The following information applies to the questions displayed below.] Corrigan Enterprises is studying the...
Required information [The following information applies to the questions displayed below.] Corrigan Enterprises is studying the acquisition of two electrical component insertion systems for producing its sole product, the universal gismo. Data relevant to the systems follow. Model no. 6754 Variable costs, $17.00 per unit Annual fixed costs, $986,100 Model no. 4399: Variable costs, $11.80 per unit Annual fixed costs, $1,114,100 Corrigan's selling price is $61 per unit for the universal gismo, which is subject to a 15 percent sales...
Required Information [The following information applies to the questions displayed below.) Corrigan Enterprises is studying the...
Required Information [The following information applies to the questions displayed below.) Corrigan Enterprises is studying the acquisition of two electrical component insertion systems for producing its sole product, the universal gismo. Data relevant to the systems follow Model no. 67541 Variable costs $17.00 per unit Annual fixed costs, $986, 100 Model no. 43991 Variable conta, $10.80 per unit Annual fixed costs, $1,113, 900 Corrigan's selling price is $67 per unit for the universal gismo, which is subject to a 5...
Required information The following information applies to the questions displayed below.) Karlik Enterprises distributes a single...
Required information The following information applies to the questions displayed below.) Karlik Enterprises distributes a single product whose selling price is $24 per unit and whose variable expense is $18 per unit. The company's monthly fixed expense is $24,000. 2. Calculate the company's break even point in unit sales. Unit sales to break even 4,000 units
Required information The following information applies to the questions displayed below) This year Burchard Company sold...
Required information The following information applies to the questions displayed below) This year Burchard Company sold 45,000 units of its only product for $18.00 per unit. Manufacturing and selling the product required $130,000 of fixed manufacturing costs and $190,000 of fixed selling and administrative costs. Its per unit variable costs follow. Material Direct labor (paid on the basis of completed units) Variable overhead costs Variable selling and administrative costs $ 5.69 4.00 0.5e @.30 Next year the company will use...
Required information [The following information applies to the questions displayed below.] This year Burchard Company sold...
Required information [The following information applies to the questions displayed below.] This year Burchard Company sold 45,000 units of its only product for $18.00 per unit. Manufacturing and selling the product required $130,000 of fixed manufacturing costs and $190,000 of fixed selling and administrative costs. Its per unit variable costs follow. Material $ 5.00 Direct labor (paid on the basis of completed units) 4.00 Variable overhead costs 0.50 Variable selling and administrative costs 0.30 Next year the company will use...
Required information (The following information applies to the questions displayed below.) Corrigan Enterprises is studying the acquisition of two electrical component insertion systems for producing its sole product, the universal gismo. Data relevant to the systems follow. Model no. 6754: Variable costs, $18.00 per unit Annual fixed costs, $985,700 Model no. 4399: Variable costs, $12.80 per unit Annual fixed costs, $1,114,000 Corrigan's selling price is $66 per unit for the universal gismo, which is subject to a 5 percent sales...
Required information The following information applies to the questions displayed below.) Corrigan Enterprises is studying the acquisition of two electrical component insertion systems for producing its sole product, the universal gismo. Data relevant to the systems follow. Model no. 6754: Variable costs, $18.00 per unit Annual fixed costs, $986,200 Model no. 4399: Variable costs, $11.80 per unit Annual fixed costs, $1,114,200 Corrigan's selling price is $66 per unit for the universal gismo, which is subject to a 10 percent sales...
Required information [The following information applies to the questions displayed below.) Corrigan Enterprises is studying the acquisition of two electrical component insertion systems for producing its sole product, the universal gismo. Data relevant to the systems follow. Model no. 6754: Variable costs, $18.00 per unit Annual fixed costs, $986,500 Model no. 4399: Variable costs, $10.80 per unit Annual fixed costs, $1,113,600 Corrigan's selling price is $63 per unit for the universal gismo, which is subject to a 10 percent sales...
Required information [The following information applies to the questions displayed below.) Corrigan Enterprises is studying the acquisition of two electrical component insertion systems for producing its sole product, the universal gismo. Data relevant to the systems follow. Model no. 6754: Variable costs, $18.00 per unit Annual fixed costs, $985,700 Model no. 4399: Variable costs, $12.80 per unit Annual fixed costs, $1,114,000 Corrigan's selling price is $66 per unit for the universal gismo, which is subject to a 5 percent sales...
Required information The following information applies to the questions displayed below] Corrigan Enterprises is studying the acquisition of two electrical component insertion systems for producing its sole product, the universal gismo. Data relevant to the systems follow. Model no. 6754: Variable costs, $20.00 per unit Annual fixed costs, $985, 800 Model no. 4399: Variable costs, $11.80 per unit Annual fixed costs, $1,114,600 Corrigan's selling price is $70 per unit for the universal gismo, which is subject to a 10 percent...
Required information [The following information applies to the questions displayed below.] Corrigan Enterprises is studying the acquisition of two electrical component insertion systems for producing its sole product, the universal gismo. Data relevant to the systems follow. Model no. 6754 Variable costs, $17.00 per unit Annual fixed costs, $986,100 Model no. 4399: Variable costs, $11.80 per unit Annual fixed costs, $1,114,100 Corrigan's selling price is $61 per unit for the universal gismo, which is subject to a 15 percent sales...
Required Information [The following information applies to the questions displayed below.) Corrigan Enterprises is studying the acquisition of two electrical component insertion systems for producing its sole product, the universal gismo. Data relevant to the systems follow Model no. 67541 Variable costs $17.00 per unit Annual fixed costs, $986, 100 Model no. 43991 Variable conta, $10.80 per unit Annual fixed costs, $1,113, 900 Corrigan's selling price is $67 per unit for the universal gismo, which is subject to a 5...
Required information The following information applies to the questions displayed below.) Karlik Enterprises distributes a single product whose selling price is $24 per unit and whose variable expense is $18 per unit. The company's monthly fixed expense is $24,000. 2. Calculate the company's break even point in unit sales. Unit sales to break even 4,000 units
Required information The following information applies to the questions displayed below) This year Burchard Company sold 45,000 units of its only product for $18.00 per unit. Manufacturing and selling the product required $130,000 of fixed manufacturing costs and $190,000 of fixed selling and administrative costs. Its per unit variable costs follow. Material Direct labor (paid on the basis of completed units) Variable overhead costs Variable selling and administrative costs $ 5.69 4.00 0.5e @.30 Next year the company will use...
Required information [The following information applies to the questions displayed below.] This year Burchard Company sold 45,000 units of its only product for $18.00 per unit. Manufacturing and selling the product required $130,000 of fixed manufacturing costs and $190,000 of fixed selling and administrative costs. Its per unit variable costs follow. Material $ 5.00 Direct labor (paid on the basis of completed units) 4.00 Variable overhead costs 0.50 Variable selling and administrative costs 0.30 Next year the company will use...
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