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Question 24 Concord reported the following results from the sale of 5000 units in May: sales...
Crane Corporation reported the following results from the sale of 4920 units in March: sales $246000,...
Crane Corporation reported the following results from the sale of 4920 units in March: sales $246000, variable costs $147600, fixed costs $73800, and operating income $24600. Assume that Crane increases the selling price by 10% on April 1. How many units will have to be sold in April to maintain the same level of operating income? 2460. O 4920 3936. 4428
Brilliant, Inc. reported the following results from the sale of 31,000 units of IT-54: Sales $...
Brilliant, Inc. reported the following results from the sale of 31,000 units of IT-54: Sales $ 546,000 Variable manufacturing costs 310,000 Fixed manufacturing costs 124,000 Variable selling costs 54,800 Fixed administrative costs 36,400 Extra Company has offered to purchase 3,700 IT-54s at $13 each. Brilliant has available capacity, and the president is in favor of accepting the order. She feels it would be profitable because no variable selling costs will be incurred. The plant manager is opposed because the...
POPUPA OO. Hustry SOCIOP Perp IVO, AICPA FN MBromont, AICPAP 129. Problem Solving, IMA: Quantitative Methods...
POPUPA OO. Hustry SOCIOP Perp IVO, AICPA FN MBromont, AICPAP 129. Problem Solving, IMA: Quantitative Methods Hayduke Corporation reported the following results from the sale of 5,000 units in May: sales $300,000, variable costs $180,000, fixed costs $90,000, and net income $30,000. Assume that Hayduke increases the selling price by 5% on June 1. How many units will have to be sold in June to maintain the same level of net income? a. 4,444 b. 4,600 c. 4,750. d. 5,000
Чuestion/ Question 26 of 40 -/5.63 View Policies Current Attempt in Progress Carla Vista Corporation reported...
Чuestion/ Question 26 of 40 -/5.63 View Policies Current Attempt in Progress Carla Vista Corporation reported the following results from the sale of 7080 units in March: sales $354000, variable costs $212400, fixed costs $106200, and operating in come $35400. Assume that Carla Vista increases the selling price by 8% on April 1. How many units will have to be sold in April to maintain the same level of operating income? 0 5900. 0 7080. O 6372 0 3540 Save...
2. In May 20Y2, Zenith, Inc. reports the following results: Production 70 units Sales 80 units...
2. In May 20Y2, Zenith, Inc. reports the following results: Production 70 units Sales 80 units Selling price, per unit $30 Variable manufacturing costs, per unit $12 Variable S&A expenses, per unit $7 Fixed manufacturing overhead, total $560 Fixed S&A expenses, total $210 Zenith’s per-unit manufacturing costs were the same in the prior month. a. What is Zenith’s operating income using variable costing? __________ b. What is Zenith’s operating income using absorption costing? ________
The following is a summarized master budget that Tu Company prepared for JanuarY: Sales 9000 units...
The following is a summarized master budget that Tu Company prepared for JanuarY: Sales 9000 units Sales Revenue $450000 Less variable costs: Manufacturing $270000 Selling and admin $18000 Contribution Margin $162000 Less fixed costs: Manufacturing $72000 Selling and admin $27000 Operating income $63000 Actual results for January were as follows: Units produced and sold 8500 units Selling price per unit $55 Variable costs per unit: Manufacturing $32 Selling and admin $1.50 Total fixed cost $99 What was the flexible budget...
Delongis Corporation, a merchandising company, reported the following results for June: Number of units sold $...
Delongis Corporation, a merchandising company, reported the following results for June: Number of units sold $ 1,200 units Selling price per unit $ 221 per unit Unit cost of goods sold $ 97 per unit Variable selling expense per unit $ 12 per unit Total fixed selling expense $ 7,300 Variable administrative expense per unit $ 8 per unit Total fixed administrative expense $ 15,300 Cost of goods sold is a variable cost in this company. The contribution margin for...
Fanelli Corporation, a merchandising company, reported the following results for July: Number of units sold 5,200...
Fanelli Corporation, a merchandising company, reported the following results for July: Number of units sold 5,200 Selling price per unit $ 600 Unit cost of goods sold $ 404 Variable selling expense per unit $ 54 Total fixed selling expense $ 124,700 Variable administrative expense per unit $ 24 Total fixed administrative expense $ 206,600 Cost of goods sold is a variable cost in this company. Required: a. Prepare a traditional format income statement for July. b. Prepare a contribution...
Question 8 Oriole Company reports the following operating results for the month of August: sales $378,000 (units 5,400),...
Question 8
Oriole Company reports the following operating results for the
month of August: sales $378,000 (units 5,400), variable costs
$255,000, and fixed costs $93,000. Management is considering the
following independent courses of action to increase net
income.
1.
Increase selling price by 10% with no change in total variable
costs or units sold.
2.
Reduce variable costs to 63% of sales.
Compute the net income to be earned under each
alternative.
1.
Net Income
$
2.
Net Income
$...
Barnes Company reports the following operating results for the month of August: sales $325,000 (units 5,000);...
Barnes Company reports the following operating results for the
month of August: sales $325,000 (units 5,000); variable costs
$213,000; and fixed costs $71,600. Management is considering the
following independent courses of action to increase net
income.
Compute the net income to be earned under each alternative.
1. Increase selling price by 10% with no change in
total variable costs or sales volume.
Net income
$
2. Reduce variable costs to 58% of
sales.
Net income
$
3. Reduce fixed costs...
Crane Corporation reported the following results from the sale of 4920 units in March: sales $246000, variable costs $147600, fixed costs $73800, and operating income $24600. Assume that Crane increases the selling price by 10% on April 1. How many units will have to be sold in April to maintain the same level of operating income? 2460. O 4920 3936. 4428
POPUPA OO. Hustry SOCIOP Perp IVO, AICPA FN MBromont, AICPAP 129. Problem Solving, IMA: Quantitative Methods Hayduke Corporation reported the following results from the sale of 5,000 units in May: sales $300,000, variable costs $180,000, fixed costs $90,000, and net income $30,000. Assume that Hayduke increases the selling price by 5% on June 1. How many units will have to be sold in June to maintain the same level of net income? a. 4,444 b. 4,600 c. 4,750. d. 5,000
Чuestion/ Question 26 of 40 -/5.63 View Policies Current Attempt in Progress Carla Vista Corporation reported the following results from the sale of 7080 units in March: sales $354000, variable costs $212400, fixed costs $106200, and operating in come $35400. Assume that Carla Vista increases the selling price by 8% on April 1. How many units will have to be sold in April to maintain the same level of operating income? 0 5900. 0 7080. O 6372 0 3540 Save...
Question 8
Oriole Company reports the following operating results for the
month of August: sales $378,000 (units 5,400), variable costs
$255,000, and fixed costs $93,000. Management is considering the
following independent courses of action to increase net
income.
1.
Increase selling price by 10% with no change in total variable
costs or units sold.
2.
Reduce variable costs to 63% of sales.
Compute the net income to be earned under each
alternative.
1.
Net Income
$
2.
Net Income
$...
Barnes Company reports the following operating results for the
month of August: sales $325,000 (units 5,000); variable costs
$213,000; and fixed costs $71,600. Management is considering the
following independent courses of action to increase net
income.
Compute the net income to be earned under each alternative.
1. Increase selling price by 10% with no change in
total variable costs or sales volume.
Net income
$
2. Reduce variable costs to 58% of
sales.
Net income
$
3. Reduce fixed costs...
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