Homework Answers
Total fixed costs =16*14000 =224000
Fixed costs per unit when units produced are 11200 =224000/11200 =20.00 per unit
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Book Calculator Print Item Suppose that a company has fixed costs of $16 per unit and...
BOOK Calculator Print Item Price, Variable Cost per Unit, Contribution Margin, Contribution Margin Ratio, Fixed Expense...
BOOK Calculator Print Item Price, Variable Cost per Unit, Contribution Margin, Contribution Margin Ratio, Fixed Expense For each of the following independent situations, calculate the amount(s) required. Unless otherwise instructed, round all total dollar figures (e.g. sales, total contribution margin) to the nearest dollar, breakeven or target units to the nearest unit, and unit costs and unit contribution margins to the nearest cent. Round ratios to four significant digits. Required: 1. At the break-even point, Jefferson Company sells 115,000 units...
Suppose a company has fixed costs of $51,200 and variable cost per unit of 1 3...
Suppose a company has fixed costs of $51,200 and variable cost per unit of 1 3 x + 333 dollars, where x is the total number of units produced. Suppose further that the selling price of its product is 1965 − 2 3 x dollars per unit. (a) Find the break-even points. (Enter your answers as a comma-separated list.) x = (b) Find the maximum revenue. (Round your answer to the nearest cent.) $ (c) Form the profit function...
JB Company has fixed costs of $300,000. Total costs, both fixed and variable, are $378,000 when...
JB Company has fixed costs of $300,000. Total costs, both fixed and variable, are $378,000 when 40,000 units are produced. How much is the variable cost per unit? (Please round to the nearest cent.) $2.78 $7.50 $9 45 $1.95
eBook Show Me How Calculator Print Item Contribution Margin Molly Company sells 27,000 units at $46...
eBook Show Me How Calculator Print Item Contribution Margin Molly Company sells 27,000 units at $46 per unit. Variable costs are $31.74 per unit, and fixed costs are $115,500. Determine (a) the contribution margin ratio, (b) the unit contribution margin, and (c) income from operations. a. Contribution margin ratio (Enter as a whole number) b. Unit contribution margin (Round to the nearest cent.) per unit c. Income from operations Check My Work
Given the graphs above, calculate the total fixed costs,variable costs per unit, and sales price...
Given the graphs above, calculate the total fixed costs, variable costs per unit, and sales price for Firm A. Firm B's fixed costs are $120,000, its variable costs per unit are $4, and its sales price is $8 per unit. Round your answers to the nearest cent.Fixed costs: $ Variable costs per unit: $ Sales price per unit: $ Which firm has the higher operating leverage at any given level of sales?A or BAt what sales level, in units, do both firms earn...
eBook Show Me How Calculator Print item High-Low Method The manufacturing costs of Gregory Industries for three mon...
eBook Show Me How Calculator Print item High-Low Method The manufacturing costs of Gregory Industries for three months of the year are provided below. Total Costs Production January $319,680 2,220 units February 432,990 4,400 March 497,280 5.920 Using the high-low method, determine (a) the variable cost per unit and (b) the total fixed cost. Round all answers to the nearest whole dollar a. Variable cost per unit b. Total fixed cost Check My Work a. Divide the difference between the...
Suppose a company has fixed costs of $54,400 and variable cost per unit of 1/3x +...
Suppose a company has fixed costs of $54,400 and variable cost per unit of 1/3x + 333 dollars, where x is the total number of units produced. Suppose further that the selling price of its product is 2065 - 2/3x dollars per unit. (a) Find the break-even points. (b) Find the maximum revenue. (c) Form the profit function P(x) from the cost and revenue functions. Find maximum profit. (d) What price will maximize the profit
Flexible Budget for Varying Levels of Activity Nashler Company has the following budgeted variable costs per...
Flexible Budget for Varying Levels of Activity
Nashler Company has the following budgeted variable costs per
unit produced:
Direct materials
$7.10
Direct labor
1.54
Variable overhead:
Supplies
0.23
Maintenance
0.19
Power
0.17
Budgeted fixed overhead costs per month include supervision of
$98,000, depreciation of $77,000, and other overhead of
$248,000.
Required:
1. Prepare a flexible budget for all costs of
production for the following levels of production: 160,000 units,
170,000 units, and 175,000 units. Round your answers to the nearest...
Steven Company has fixed costs of $276,000. The unit selling price, variable cost per unit, and...
Steven Company has fixed costs of $276,000. The unit selling price, variable cost per unit, and contribution margin per unit for the company's two products are provided below. Product Selling Price per Unit Variable Cost per Unit Contribution Margin per Unit X $864 $324 $540 Y 731 391 340 The sales mix for product X and Y is 60% and 40% respectively. Determine the break-even point in units of X and Y combined. Round answer to nearest whole number. units
Contribution Margin Willie Company sells 25,000 units at $26 per unit. Variable costs are $18.20 per...
Contribution Margin Willie Company sells 25,000 units at $26 per unit. Variable costs are $18.20 per unit, and fixed costs are $66,300. Determine (a) the contribution margin ratio, (b) the unit contribution margin, and (c) income from operations. a. Contribution margin ratio (Enter as a whole number.) % b. Unit contribution margin (Round to the nearest cent.) $ per unit c. Income from operations $ Part 2 The manufacturing costs of Ackerman Industries for the first three months of the...
BOOK Calculator Print Item Price, Variable Cost per Unit, Contribution Margin, Contribution Margin Ratio, Fixed Expense For each of the following independent situations, calculate the amount(s) required. Unless otherwise instructed, round all total dollar figures (e.g. sales, total contribution margin) to the nearest dollar, breakeven or target units to the nearest unit, and unit costs and unit contribution margins to the nearest cent. Round ratios to four significant digits. Required: 1. At the break-even point, Jefferson Company sells 115,000 units...
JB Company has fixed costs of $300,000. Total costs, both fixed and variable, are $378,000 when 40,000 units are produced. How much is the variable cost per unit? (Please round to the nearest cent.) $2.78 $7.50 $9 45 $1.95
eBook Show Me How Calculator Print Item Contribution Margin Molly Company sells 27,000 units at $46 per unit. Variable costs are $31.74 per unit, and fixed costs are $115,500. Determine (a) the contribution margin ratio, (b) the unit contribution margin, and (c) income from operations. a. Contribution margin ratio (Enter as a whole number) b. Unit contribution margin (Round to the nearest cent.) per unit c. Income from operations Check My Work
eBook Show Me How Calculator Print item High-Low Method The manufacturing costs of Gregory Industries for three months of the year are provided below. Total Costs Production January $319,680 2,220 units February 432,990 4,400 March 497,280 5.920 Using the high-low method, determine (a) the variable cost per unit and (b) the total fixed cost. Round all answers to the nearest whole dollar a. Variable cost per unit b. Total fixed cost Check My Work a. Divide the difference between the...
Flexible Budget for Varying Levels of Activity
Nashler Company has the following budgeted variable costs per
unit produced:
Direct materials
$7.10
Direct labor
1.54
Variable overhead:
Supplies
0.23
Maintenance
0.19
Power
0.17
Budgeted fixed overhead costs per month include supervision of
$98,000, depreciation of $77,000, and other overhead of
$248,000.
Required:
1. Prepare a flexible budget for all costs of
production for the following levels of production: 160,000 units,
170,000 units, and 175,000 units. Round your answers to the nearest...
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