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ID: A 24 Brother Company sells wooden...
I. A company sells a product which has a unit sales price of $10, unit variable...
I. A company sells a product which has a unit sales price of $10, unit variable cost of $5 and total fixed costs of $280,000. The number of units the company must sell to break even is: 2. At the breakeven point of 3.000 units, variable costs are $300,000, and fixed costs are S180,000. How much is the selling price per unit? 3. A company has total fixed costs of $160,000 and a contribution margin ratio of 20%. The total...
Hixson Company manufactures and sells one product for $34 per unit. The company maintains no beginning...
Hixson Company manufactures and sells one product for $34 per unit. The company maintains no beginning or ending inventories and its relevant range of production is 20,000 units to 30,000 units. When Hixson produces and sells 25,000 units, its unit costs are as follows: Direct materials Direct labor Variable manufacturing overhead Fixed manufacturing overhead Fixed selling expense Fixed administrative expense Sales commissions Variable administrative expense Amount Per Unit $8.00 $5.00 $1.00 $6.00 $3.50 $2.50 $4.00 $1.00 Required: 1. For financial...
23. Potter has received product normally sells Direct materials Direct labor Variable manufacturing overhead Fixed...
23. Potter has received product normally sells Direct materials Direct labor Variable manufacturing overhead Fixed manufacturing overhead Unit cost is currently operating at full capacity and cannot fin the order without an production and sales. If Potter access the onder what effect will the order have short-term profit? A) $64,000 decrease B) $80,000 decrease C) 564,000 increase D) $16.000 increase 1.000 Two short answer questions (10 points each) 1. Boxwood Company sells wooden boxes from a kiosk in a mall...
At the various activity levels shown, Harper Company incurred the following costs: 20111 100 40 60...
At the various activity levels shown, Harper Company incurred the following costs: 20111 100 40 60 36.00$18.0012.00 $ 9.00 $ 7.20 120.00140.00 160.00 1.00 480.00 480.00 480.00480.00 480.00 a. Rental cost per unit of merchandise sold b. Total phone expense c. Cost per unit of supplies d. Total insurance cost e. Total salary cost f. Total cost of goods sold g. Depreciation cost per unit h. Total rent cost i. Total cost of shopping bags j. Cost per unit of...
Variable-Costing and Absorption-Costing Income Borques Company produces and sells wooden pallets that are used for moving...
Variable-Costing and Absorption-Costing Income Borques Company produces and sells wooden pallets that are used for moving and stacking materials. The operating costs for the past year were as follows: Variable costs per unit: Direct materials 9 Direct labor 2.85 $ 1.92 1.60 9 Variable overhead Variable selling $ 0.90 Fixed costs per year: $180,000 Fixed overhead Selling and administrative $ 96,000 During the year, Borques produced 200,000 wooden pallets and sold 204,300 at $9 each. Borques had 8,200 pallets in...
Variable-Costing and Absorption-Costing Income Borques Company produces and sells wooden pallets that are used for moving...
Variable-Costing and Absorption-Costing Income
Borques Company produces and sells wooden pallets that are used
for moving and stacking materials. The operating costs for the past
year were as follows:
Variable costs per unit:
Direct materials
$ 2.85
Direct labor
$ 1.92
Variable overhead
$ 1.60
Variable selling
$ 0.90
Fixed costs per year:
Fixed overhead
$180,000
Selling and administrative
$ 96,000
During the year, Borques produced 200,000 wooden pallets and
sold 204,300 at $9 each. Borques had 8,200 pallets in...
Haver Company currently produces component RX5 for its sole product. The current cost per unit to...
Haver Company currently produces component RX5 for its sole product. The current cost per unit to manufacture the required 64,000 units of RX5 follows. Direct materials $ 4.00 Direct labor 8.00 Overhead 9.00 Total costs per unit 21.00 Direct materials and direct labor are 100% variable. Overhead is 70% fixed. An outside supplier has offered to supply the 64,000 units of RX5 for $20.00 per unit. Required: 1. Calculate the incremental costs of making and buying component RX5.
Haver Company currently produces component RX5 for its sole product. The current cost per unit to...
Haver Company currently produces component RX5 for its sole product. The current cost per unit to manufacture the required 67,000 units of RX5 follows. Direct materials $ 4.00 Direct labor 8.00 Overhead 9.00 Total costs per unit 21.00 Direct materials and direct labor are 100% variable. Overhead is 70% fixed. An outside supplier has offered to supply the 67,000 units of RX5 for $19.00 per unit. Required: 1. Calculate the incremental costs of making and buying component RX5.
Jackson Company manufactures and sells one product for $34 per unit. The company maintains no beginning...
Jackson Company manufactures and sells one product for $34 per unit. The company maintains no beginning or ending inventories and its relevant range of production is 20,000 to 30,000 units. When Jackson produces and sells 25,000 units, its unit costs are as follows: Per Unit Amount $8.00 $5.00 Direct materials Direct labor $1.00 $6.00 $3.50 $2.50 Variable manufacturing overhead Fixed manufacturing overhead Fixed selling expense Fixed administrative expense $4.00 $1.00 Sales commissions Variable administrative expense Required: 1. For financial accounting...
Hixson Company manufactures and sells one product for $34 per unit. The company maintains no beginning...
Hixson Company manufactures and sells one product for $34 per unit. The company maintains no beginning or ending inventories and its relevant range of production is 20,000 units to 30,000 units. When Hixson produces and sells 25,000 units, its unit costs are as follows: Direct materials Direct labor Variable manufacturing overhead Fixed manufacturing overhead Fixed selling expense Fixed administrative expense Sales commissions Variable administrative expense Amount Per Unit $8.00 $5.00 $1.00 $6.00 $3.50 $2.50 $4.00 $1.00 Required: 1. For financial...
I. A company sells a product which has a unit sales price of $10, unit variable cost of $5 and total fixed costs of $280,000. The number of units the company must sell to break even is: 2. At the breakeven point of 3.000 units, variable costs are $300,000, and fixed costs are S180,000. How much is the selling price per unit? 3. A company has total fixed costs of $160,000 and a contribution margin ratio of 20%. The total...
Hixson Company manufactures and sells one product for $34 per unit. The company maintains no beginning or ending inventories and its relevant range of production is 20,000 units to 30,000 units. When Hixson produces and sells 25,000 units, its unit costs are as follows: Direct materials Direct labor Variable manufacturing overhead Fixed manufacturing overhead Fixed selling expense Fixed administrative expense Sales commissions Variable administrative expense Amount Per Unit $8.00 $5.00 $1.00 $6.00 $3.50 $2.50 $4.00 $1.00 Required: 1. For financial...
23. Potter has received product normally sells Direct materials Direct labor Variable manufacturing overhead Fixed manufacturing overhead Unit cost is currently operating at full capacity and cannot fin the order without an production and sales. If Potter access the onder what effect will the order have short-term profit? A) $64,000 decrease B) $80,000 decrease C) 564,000 increase D) $16.000 increase 1.000 Two short answer questions (10 points each) 1. Boxwood Company sells wooden boxes from a kiosk in a mall...
At the various activity levels shown, Harper Company incurred the following costs: 20111 100 40 60 36.00$18.0012.00 $ 9.00 $ 7.20 120.00140.00 160.00 1.00 480.00 480.00 480.00480.00 480.00 a. Rental cost per unit of merchandise sold b. Total phone expense c. Cost per unit of supplies d. Total insurance cost e. Total salary cost f. Total cost of goods sold g. Depreciation cost per unit h. Total rent cost i. Total cost of shopping bags j. Cost per unit of...
Variable-Costing and Absorption-Costing Income Borques Company produces and sells wooden pallets that are used for moving and stacking materials. The operating costs for the past year were as follows: Variable costs per unit: Direct materials 9 Direct labor 2.85 $ 1.92 1.60 9 Variable overhead Variable selling $ 0.90 Fixed costs per year: $180,000 Fixed overhead Selling and administrative $ 96,000 During the year, Borques produced 200,000 wooden pallets and sold 204,300 at $9 each. Borques had 8,200 pallets in...
Variable-Costing and Absorption-Costing Income
Borques Company produces and sells wooden pallets that are used
for moving and stacking materials. The operating costs for the past
year were as follows:
Variable costs per unit:
Direct materials
$ 2.85
Direct labor
$ 1.92
Variable overhead
$ 1.60
Variable selling
$ 0.90
Fixed costs per year:
Fixed overhead
$180,000
Selling and administrative
$ 96,000
During the year, Borques produced 200,000 wooden pallets and
sold 204,300 at $9 each. Borques had 8,200 pallets in...
Jackson Company manufactures and sells one product for $34 per unit. The company maintains no beginning or ending inventories and its relevant range of production is 20,000 to 30,000 units. When Jackson produces and sells 25,000 units, its unit costs are as follows: Per Unit Amount $8.00 $5.00 Direct materials Direct labor $1.00 $6.00 $3.50 $2.50 Variable manufacturing overhead Fixed manufacturing overhead Fixed selling expense Fixed administrative expense $4.00 $1.00 Sales commissions Variable administrative expense Required: 1. For financial accounting...
Hixson Company manufactures and sells one product for $34 per unit. The company maintains no beginning or ending inventories and its relevant range of production is 20,000 units to 30,000 units. When Hixson produces and sells 25,000 units, its unit costs are as follows: Direct materials Direct labor Variable manufacturing overhead Fixed manufacturing overhead Fixed selling expense Fixed administrative expense Sales commissions Variable administrative expense Amount Per Unit $8.00 $5.00 $1.00 $6.00 $3.50 $2.50 $4.00 $1.00 Required: 1. For financial...
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