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Use the following information for the next TWO questions. In 2019, Conrad Inc. sold 20,000 units....
PLA so VC DL Cmn 501000 Depr. 15.000 FC 1. The following financial statement amounts related...
PLA so VC DL Cmn 501000 Depr. 15.000 FC 1. The following financial statement amounts related to producing 2,000 units: Direct materials $30,000 Sales 100.000 - Depreciation expense 15,000 DM 30,000 Sales revenue 100,000 20.000 Direct labor (Variable cost) 20,000 Rent expense 15,000 TL Rent. 15,000 a. How much is contribution margin per unit? NI 20,000 0.0001 2000 - 25 b. What is the company's contribution margin ratio? 50% c. What is the company's break-even in units? . Fix cost...
Cost-Volume-Profit Analysis Use the information below to answer the following questions: # of units Cost of...
Cost-Volume-Profit Analysis Use the information below to answer the following questions: # of units Cost of goods sold Salaries expense Depreciation expense Shipping expense Rent expense July August 200 units 300 units $ 30,000 $ 45,000 $ 5,900 $ 6,350 $ 580 $ 580 $ 1,400 $ 2,100 $ 800 $ 800 Classification of Costs For each expense, indicate if it is a variable cost (type: VC), fixed cost (type: FC) or mixed costs (type: MC). This question is auto-graded....
In 2019, Barry Grey Inc. sold 42,000 units at a selling price of $44 per unit....
In 2019, Barry Grey Inc. sold 42,000 units at a selling price of $44 per unit. The company manufactured 70,000 units. Variable manufacturing costs were $22 per unit manufactured. Fixed manufacturing costs amounted to $334,000. Variable marketing costs were $9 per unit sold, and the budgeted and actual fixed marketing costs were $30,000. Other fixed operating expenses amounted to $22,000. There was no beginning inventory. Round all answers to the nearest whole number. a) Calculate the company's 2019 operating income...
VIVE (The following information applies to the questions displayed below.] Kubin Company's relevant range of production...
VIVE (The following information applies to the questions displayed below.] Kubin Company's relevant range of production is 18,000 to 22,000 units. When it produces and sells 20,000 units, its average costs per unit are as follows: Direct materials Direct labor Variable manufacturing overhead Fixed manufacturing overhead Fixed selling expense Fixed administrative expense Sales commissions Variable administrative expense Average Cost per Unit $ 7.00 $ 4.00 $ 1.50 $ 5.00 $ 3.50 $ 2.50 $ 1.00 $ 0.50 Required: 1. For...
4. At 5,000 units of production, Peltor Inc. has the following per unit production costs: Cost...
4. At 5,000 units of production, Peltor Inc. has the following per unit production costs: Cost per Unit Direct Materials $ 3.00 Direct Labour 2.00 Variable Manufacturing Overhead $ 1.00 Fixed Manufacturing Overhead 2.00 Based on the above information, what would Peltor's total manufacturing costs be at 6,000 units? a) $40,000 b) $48,000 c) |$45,000. d) $46,000 e) |$30,000
the n.swrauestions Ata sales volume of 40.000 t, Lonnie Companys total fixed costs ore 40,000 ad...
the n.swrauestions Ata sales volume of 40.000 t, Lonnie Companys total fixed costs ore 40,000 ad variable custs are 50.000 The relevant range is 30,000 o 50,000 t Lonne were to sell 42,.000units, thec ttal pcted cost would be A) $105,000 )5100.000 CI 5103.000 )$102.000 2 If Lonnie were to sell 50,000 units, the total cxpected cost per unit would be )$2.20 B) 52.30 C) 52.50 )52.00 3. An analysis of a particular mixed cost indicates it will be an...
Prepare a Statement of Cash Flows using the direct method. Use the following information: The following...
Prepare a Statement of Cash Flows using the direct method. Use
the following information:
The following information is available for 2017.
Equipment (cost $10,000 and accumulated depreciation $4,000)
was sold for $7,000. All other changes in Property, Plant and
Equipment accounts relate to purchases and depreciation expense,
respectively.
Intangible Assets costing $10,000 were purchased during
2017.
There were $25,000 in payments on the Bonds Payable during
2017
12/31/2016 Closing Trial Balance 55,000 70,000 (4,000) 80,000 9,000 - Cash Accounts Receivable...
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...
please show details. thank you Use the information below to answer the following two questions Ginger...
please show details. thank you
Use the information below to answer the following two questions Ginger Company's relevant range of production is 5.000 units to 13,000 units. When it produces and sells 10,000 units, ils average costs per unit are as follows: Direct materials Direct labor Variable manufacturing overhead Fixed manufacturing overhead Fixed selling experie Fixed administrative expense Sales commissions Variable administrative expense Average Cost $ 4.80 S 3.50 S 1.30 S 3.00 S 2.50 S 1.00 $0.50 Molt= u...
Sunset Inc. Plastics Company uses process costing and provided the following information for 2019: Units Percent...
Sunset Inc. Plastics Company uses process costing and provided the following information for 2019: Units Percent Complete Percent Complete Direct Materials Conversion Costs Work-in-process at January 1 20,000 40% 60% Units started during year 218,000 Work-in-process at December 31 40,000 70% 40% The cost of the beginning work-in-process included $110,750 for direct materials used and $85,350 for direct labor. Production costs during the year were $793,250 for direct materials and $143,935 for direct labor. The company applies manufacturing overhead using...
PLA so VC DL Cmn 501000 Depr. 15.000 FC 1. The following financial statement amounts related to producing 2,000 units: Direct materials $30,000 Sales 100.000 - Depreciation expense 15,000 DM 30,000 Sales revenue 100,000 20.000 Direct labor (Variable cost) 20,000 Rent expense 15,000 TL Rent. 15,000 a. How much is contribution margin per unit? NI 20,000 0.0001 2000 - 25 b. What is the company's contribution margin ratio? 50% c. What is the company's break-even in units? . Fix cost...
Cost-Volume-Profit Analysis Use the information below to answer the following questions: # of units Cost of goods sold Salaries expense Depreciation expense Shipping expense Rent expense July August 200 units 300 units $ 30,000 $ 45,000 $ 5,900 $ 6,350 $ 580 $ 580 $ 1,400 $ 2,100 $ 800 $ 800 Classification of Costs For each expense, indicate if it is a variable cost (type: VC), fixed cost (type: FC) or mixed costs (type: MC). This question is auto-graded....
VIVE (The following information applies to the questions displayed below.] Kubin Company's relevant range of production is 18,000 to 22,000 units. When it produces and sells 20,000 units, its average costs per unit are as follows: Direct materials Direct labor Variable manufacturing overhead Fixed manufacturing overhead Fixed selling expense Fixed administrative expense Sales commissions Variable administrative expense Average Cost per Unit $ 7.00 $ 4.00 $ 1.50 $ 5.00 $ 3.50 $ 2.50 $ 1.00 $ 0.50 Required: 1. For...
4. At 5,000 units of production, Peltor Inc. has the following per unit production costs: Cost per Unit Direct Materials $ 3.00 Direct Labour 2.00 Variable Manufacturing Overhead $ 1.00 Fixed Manufacturing Overhead 2.00 Based on the above information, what would Peltor's total manufacturing costs be at 6,000 units? a) $40,000 b) $48,000 c) |$45,000. d) $46,000 e) |$30,000
the n.swrauestions Ata sales volume of 40.000 t, Lonnie Companys total fixed costs ore 40,000 ad variable custs are 50.000 The relevant range is 30,000 o 50,000 t Lonne were to sell 42,.000units, thec ttal pcted cost would be A) $105,000 )5100.000 CI 5103.000 )$102.000 2 If Lonnie were to sell 50,000 units, the total cxpected cost per unit would be )$2.20 B) 52.30 C) 52.50 )52.00 3. An analysis of a particular mixed cost indicates it will be an...
Prepare a Statement of Cash Flows using the direct method. Use
the following information:
The following information is available for 2017.
Equipment (cost $10,000 and accumulated depreciation $4,000)
was sold for $7,000. All other changes in Property, Plant and
Equipment accounts relate to purchases and depreciation expense,
respectively.
Intangible Assets costing $10,000 were purchased during
2017.
There were $25,000 in payments on the Bonds Payable during
2017
12/31/2016 Closing Trial Balance 55,000 70,000 (4,000) 80,000 9,000 - Cash Accounts Receivable...
please show details. thank you
Use the information below to answer the following two questions Ginger Company's relevant range of production is 5.000 units to 13,000 units. When it produces and sells 10,000 units, ils average costs per unit are as follows: Direct materials Direct labor Variable manufacturing overhead Fixed manufacturing overhead Fixed selling experie Fixed administrative expense Sales commissions Variable administrative expense Average Cost $ 4.80 S 3.50 S 1.30 S 3.00 S 2.50 S 1.00 $0.50 Molt= u...
Sunset Inc. Plastics Company uses process costing and provided the following information for 2019: Units Percent Complete Percent Complete Direct Materials Conversion Costs Work-in-process at January 1 20,000 40% 60% Units started during year 218,000 Work-in-process at December 31 40,000 70% 40% The cost of the beginning work-in-process included $110,750 for direct materials used and $85,350 for direct labor. Production costs during the year were $793,250 for direct materials and $143,935 for direct labor. The company applies manufacturing overhead using...
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