Homework Answers
| Sales (25000*10) | 250000 |
| Variable cost (25000*7.50) | 187500 |
| Contribution margin | 62500 |
| Fixed cost | 50000 |
| Operating income | 12500 |
So answer is a) $12500
Add Answer to:
is
it A, B, C, or D?
Fave Motion Pictures sells movie tickets for $10 per...
QUESTION 6 Doggie pals produces 110,000 dog collars each month that give off a fresh scent...
QUESTION 6 Doggie pals produces 110,000 dog collars each month that give off a fresh scent to keep your dog smelling clean between baths. Total manufacturing costs are $220,000. Of this amount, $150,000 are variable costs. What are the total production costs when 125,000 collars are produced? a. $100,455 b. $240,455 c. $170,455 d. $390,455 3 points QUESTION 7 The unit contribution margin is computed by: a. subtracting variable cost per unit from sales price per unit b. dividing...
Who Done It Mystery Theater sells tickets for dinner and a show for $30 each. The...
Who Done It Mystery Theater sells tickets for dinner and a show for $30 each. The cost of providing dinner is $26 per ticket and the fixed cost of operating the theater is $120,000 per month. The company can accommodate 13,000 patrons each month. What is the contribution margin per patron? $4 $7.50 $0.13 $26
You are the pricing manager for a bus tour company which sells tickets to tourists for...
You are the pricing manager for a bus tour company which sells tickets to tourists for bus tours of major cities. The current price for a bus tour is $10 per ticket. On average, you sell 10,000 tickets per month. You are contemplating raising the price for a ticket to $12 per ticket. You estimate that the number of tickets sold will fall to 9,000 tickets per month. Your variable costs are $3 per ticket. Your fixed costs are $50,000...
MFG Manufacturing sells a product for $40 per unit. The production cost of the product is...
MFG Manufacturing sells a product for $40 per unit. The production cost of the product is $21 per unit: direct materials of $8, direct labor of $7, variable overhead of $4 and fixed overhead of $2. The fixed overhead per unit comes from dividing $500,000 of fixed factory overhead by 250,000 units produced. In addition, MFG pays $3 for shipping each unit sold. Finally, MFG has fixed costs outside the factory (such as office building depreciation and salaries) that total...
Exercise 5-9 Variable and Absorption Costing Unit Product Costs and Income Statements [LO5-1, LO5-2, LO5-3] Walsh...
Exercise 5-9 Variable and Absorption Costing Unit Product Costs and Income Statements [LO5-1, LO5-2, LO5-3] Walsh Company manufactures and sells one product. The following information pertains to each of the company's first two years of operations: Variable costs per unit: Manufacturing: Direct materials Direct labor Variable manufacturing overhead Variable selling and administrative Fixed costs per year: Fixed manufacturing overhead Fixed selling and administrative expenses $ $ 240,000 60,000 During its first year of operations, Walsh produced 50,000 units and sold...
9. Tony Manufacturing produces a single product that sells for $80. Variable costs per unit equal...
9. Tony Manufacturing produces a single product that sells for $80. Variable costs per unit equal $30. The company expects total fixed costs to be $78,000 for the next month at the projected sales level of 2,500 units. Suppose that management believes that a 10% reduction in the selling price will result in a 10% increase in sales. If this proposed reduction in selling price is implemented: A) operating income will decrease by $9,500 B) operating income will increase by...
EXERCISE 4A-1 Super-Variable Costing Income Statement L04-6 Zola Company manufactures and sells one product. The following...
EXERCISE 4A-1 Super-Variable Costing Income Statement L04-6 Zola Company manufactures and sells one product. The following information pertains to the company's first year of operations: $18 Variable cost per unit: Direct materials Fixed costs per year: Direct labor Fixed manufacturing overhead Fixed selling and administrative expenses $200,000 $250,000 $80,000 The company does not incur any variable manufacturing overhead costs or variable selling and administrative expenses. During its first year of operations, Zola produced 25,000 units and sold 20,000 units. The...
Craylon Manufacturing produces a single product that sells for $100. Variable costs per unit equal $25....
Craylon Manufacturing produces a single product that sells for $100. Variable costs per unit equal $25. The company expects total fixed costs to be $70,000 for the next month at the projected sales level of 1,400 units. In an attempt to improve performance, management is considering a number of alternative actions. Each situation is to be evaluated separately. One alternative is to increase advertsing expenses by $12,000. What is the effect on operating income with the increase of advertising expenses?...
Craylon Manufacturing produces a single product that sells for $110. Variable costs per unit equal $30....
Craylon Manufacturing produces a single product that sells for $110. Variable costs per unit equal $30. The company expects total fixed costs to be $65,000 for the next month at the projected sales level of 1,300 units. In an attempt to improve performance, management is considering a number of alternative actions. Each situation is to be evaluated separately. One alternative is to increase advertsing expenses by $10,000. What is the effect on operating income with the increase of advertising expenses?...
please help answer part c as well it is very important. P20-8B Electricoil is a division...
please help answer part c as well it is very
important.
P20-8B Electricoil is a division of Meier Products Corporation. The division manufactures and sells an electric coil used in a wide variety of applications. During the coming year, it expects to sell 200,000 units for $9 per unit. Mark Barnes is the division manager. He is considering producing either 200,000 or 250,000 units during the period. Other information is presented in the schedule. Division Information for 2017 Beginning inventory...
Exercise 5-9 Variable and Absorption Costing Unit Product Costs and Income Statements [LO5-1, LO5-2, LO5-3] Walsh Company manufactures and sells one product. The following information pertains to each of the company's first two years of operations: Variable costs per unit: Manufacturing: Direct materials Direct labor Variable manufacturing overhead Variable selling and administrative Fixed costs per year: Fixed manufacturing overhead Fixed selling and administrative expenses $ $ 240,000 60,000 During its first year of operations, Walsh produced 50,000 units and sold...
EXERCISE 4A-1 Super-Variable Costing Income Statement L04-6 Zola Company manufactures and sells one product. The following information pertains to the company's first year of operations: $18 Variable cost per unit: Direct materials Fixed costs per year: Direct labor Fixed manufacturing overhead Fixed selling and administrative expenses $200,000 $250,000 $80,000 The company does not incur any variable manufacturing overhead costs or variable selling and administrative expenses. During its first year of operations, Zola produced 25,000 units and sold 20,000 units. The...
Craylon Manufacturing produces a single product that sells for $110. Variable costs per unit equal $30. The company expects total fixed costs to be $65,000 for the next month at the projected sales level of 1,300 units. In an attempt to improve performance, management is considering a number of alternative actions. Each situation is to be evaluated separately. One alternative is to increase advertsing expenses by $10,000. What is the effect on operating income with the increase of advertising expenses?...
please help answer part c as well it is very
important.
P20-8B Electricoil is a division of Meier Products Corporation. The division manufactures and sells an electric coil used in a wide variety of applications. During the coming year, it expects to sell 200,000 units for $9 per unit. Mark Barnes is the division manager. He is considering producing either 200,000 or 250,000 units during the period. Other information is presented in the schedule. Division Information for 2017 Beginning inventory...
Most questions answered within 3 hours.
-
On January 1, 2019, ABC Company issued $60,000,000 of 20-year,
10.5% bonds when the market rate...
asked 15 minutes ago -
39.4% of US homes continue to use a landline in addition to cell
phone service. 3...
asked 54 minutes ago -
Starting with benzene, synthesize 1-phenyl-1-butyne.
Show intermediates and reagents.
asked 1 hour ago -
Create a 32-run crossed array design with six control factors
and two noise factors such that...
asked 2 hours ago -
A 500g sample of sand from source A has the following amounts
retained on each sieve....
asked 2 hours ago -
In
your own words, please explain the essay by John Keynes wrote "The
End of Laissez...
asked 2 hours ago -
How are the matrix and pixels related? Why are smaller
pixels better for diagnostic quality?
asked 2 hours ago -
2. An AC generator has 80 rectangular loops on
its armature. Each loop is 11 cm...
asked 2 hours ago -
Please help me with this question. Consider Aldi’s current and
potential geographic markets (see Exhibit 4...
asked 2 hours ago -
What are the main components of the fermentation process and
give an explanation of each? Include...
asked 3 hours ago -
Explain which types of cells in the body (belonging to which
organs, etc.) are sensitive to...
asked 3 hours ago -
A single cable supports an 703-kg elevator car. What is the
tension in the cable when...
asked 3 hours ago