Please show explanation.Homework Answers
Therefore, the correct answer is option D,
7567 units.
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Ms. Sophia Jones, the company president, has heard that there are multiple breakeven...
Ms. Sophia Jones, the company president, has heard that there are multiple breakeven points for every...
Ms. Sophia Jones, the company president, has heard that there are multiple breakeven points for every product. She does not believe this and has asked you to provide the evidence of such a possibility. Some information about the company for 2017 is as follows: Total fixed manufacturing overhead Total other fixed expenses Total variable manufacturing expenses Total other variable expenses Units produced Budgeted production Units sold Selling price $184,000 $203,000 $240,000 $280,000 60,000 units 60,000 units 55,000 units $42 What...
The vice president of sales at Wildlife Corporation has received the income statement for January 2009....
The vice president of sales at Wildlife Corporation has received the income statement for January 2009. This statement, which was prepared on the basis of variable costing, is reproduced below. The firm has just adopted a variable costing system for internal reporting. Wildlife Corporation Income Statement For the Month of January 2009 $2,400,000 1,200,000 $1,200,000 Sales revenues Variable cost of goods sold Contribution margin Fixed costs Manufacturing Selling and administrative Operating income S600,000 400,000 1,000,000 $ 200,000 The controller attached...
Hyper Color Company manufactures widgets. The following data is related to sales and production of the...
Hyper Color Company manufactures widgets. The following data is related to sales and production of the widgets for last year. Selling price per unit Variable manufacturing costs per unit Variable selling and administrative expenses per unit Fixed manufacturing overhead (in total) Fixed selling and administrative expenses (in total) Units produced during the year Units sold during year $170 $62 $9 $30,000 $9,000 1,600 1,000 Using absorption costing, what is operating income for last year? (Round any intermediary calculations to the...
Hyper Color Company manufactures widgets. The following data is related to sales and production of the...
Hyper Color Company manufactures widgets. The following data is related to sales and production of the widgets for last year. Selling price per unit $160 Variable manufacturing costs per unit $60 Variable selling and administrative expenses per unit $7 Fixed manufacturing overhead (in total) $31,000 Fixed selling and administrative expenses (in total) $5,000 Units produced during the year 1,500 Units sold during year 1,100 Using absorption costing, what is gross profit for last month? (Round any intermediary calculations to the...
Starfax, Inc., manufactures a small part that is widely used in various electronic products such as...
Starfax, Inc., manufactures a small part that is widely used in various electronic products such as home computers. Results for the first three years of operations were as follows (absorption costing basis): Year 1 Year 2 Year 3 Sales $ 1,000,000 $ 790,000 $ 1,000,000 Cost of goods sold 705,000 500,000 745,000 Gross margin 295,000 290,000 255,000 Selling and administrative expenses 260,000 220,000 260,000 Net operating income (loss) $ 35,000 $ 70,000 $ (5,000 ) In the latter part...
Starfax, Inc., manufactures a small part that is widely used in various electronic products such as...
Starfax, Inc., manufactures a small part that is widely used in various electronic products such as home computers. Results for the first three years of operations were as follows (absorption costing basis): Year 1 Year 2 Year 3 Sales $ 1,000,000 $ 790,000 $ 1,000,000 Cost of goods sold 740,000 520,000 785,000 Gross margin 260,000 270,000 215,000 Selling and administrative expenses 220,000 190,000 220,000 Net operating income (loss) $ 40,000 $ 80,000 $ (5,000 ) In the latter part...
Starfax, Inc., manufactures a small part that is widely used in various electronic products such as...
Starfax, Inc., manufactures a small part that is widely used in various electronic products such as home computers. Results for the first three years of operations were as follows (absorption costing basis): Year 1 Year 2 Year 3 Sales $ 1,000,000 $ 790,000 $ 1,000,000 Cost of goods sold 740,000 520,000 785,000 Gross margin 260,000 270,000 215,000 Selling and administrative expenses 220,000 190,000 220,000 Net operating income (loss) $ 40,000 $ 80,000 $ (5,000 ) In the latter part...
Exercise 19-3 (continued) Part 2 ..... 24,500,000 14,000,000 SIMS COMPANY Absorption Costing Income Statement Sales (70,000...
Exercise 19-3 (continued) Part 2 ..... 24,500,000 14,000,000 SIMS COMPANY Absorption Costing Income Statement Sales (70,000 units x $350 per unit) Cost of goods sold (70,000 units x $200 per unit").... Gross profit Selling and administrative costs ($770,000+ $4,250,000). Net income "Direct materials. per unit Direct labor...... per unit Variable overhead ($3,000,000/100,000 per unit units)................ Fixed overhead ($7,000,000/100,000 units)... per unit Total absorption cost per unit... per unit Exercise 19-3 (25 minutes) Part 1 SIMS COMPANY Variable Costing Income Statement...
Lucas Industries uses departmental overhead rates to allocate its manufacturing overhead to jobs. The company has...
Lucas Industries uses departmental overhead rates to allocate its manufacturing overhead to jobs. The company has two departments: Assembly and Sanding. The Assembly Department uses a departmental overhead rate of $50 per machine hour, while the Sanding Department uses a departmental overhead rate of $30 per direct labor hour. Job 542 used the following direct labor hours and machine hours in the two departments: Assembly Department Sanding Department Actual results Direct labor hours used Machine hours used 10 o The...
please show your work In 2017, BSA Manufacturing, LLC produce and sold 50,000 units of "x"...
please show your work
In 2017, BSA Manufacturing, LLC produce and sold 50,000 units of "x" in their first year of operation. The following information is provided regarding the company's first year in operation. Total Sales (50,000-$80) Units Produced and sold Direct material Direct Labor Variable Overhead Fixed Overhead Selling and Admin: Variable Selling and Admin Fixed Selling and Admin 4,000,000 50,000 35 $Per Unit 10 $ Per Unit 5 $Per Unit 8 $Per Unit 2 $Per Unit 10 $...
Ms. Sophia Jones, the company president, has heard that there are multiple breakeven points for every product. She does not believe this and has asked you to provide the evidence of such a possibility. Some information about the company for 2017 is as follows: Total fixed manufacturing overhead Total other fixed expenses Total variable manufacturing expenses Total other variable expenses Units produced Budgeted production Units sold Selling price $184,000 $203,000 $240,000 $280,000 60,000 units 60,000 units 55,000 units $42 What...
The vice president of sales at Wildlife Corporation has received the income statement for January 2009. This statement, which was prepared on the basis of variable costing, is reproduced below. The firm has just adopted a variable costing system for internal reporting. Wildlife Corporation Income Statement For the Month of January 2009 $2,400,000 1,200,000 $1,200,000 Sales revenues Variable cost of goods sold Contribution margin Fixed costs Manufacturing Selling and administrative Operating income S600,000 400,000 1,000,000 $ 200,000 The controller attached...
Hyper Color Company manufactures widgets. The following data is related to sales and production of the widgets for last year. Selling price per unit Variable manufacturing costs per unit Variable selling and administrative expenses per unit Fixed manufacturing overhead (in total) Fixed selling and administrative expenses (in total) Units produced during the year Units sold during year $170 $62 $9 $30,000 $9,000 1,600 1,000 Using absorption costing, what is operating income for last year? (Round any intermediary calculations to the...
Exercise 19-3 (continued) Part 2 ..... 24,500,000 14,000,000 SIMS COMPANY Absorption Costing Income Statement Sales (70,000 units x $350 per unit) Cost of goods sold (70,000 units x $200 per unit").... Gross profit Selling and administrative costs ($770,000+ $4,250,000). Net income "Direct materials. per unit Direct labor...... per unit Variable overhead ($3,000,000/100,000 per unit units)................ Fixed overhead ($7,000,000/100,000 units)... per unit Total absorption cost per unit... per unit Exercise 19-3 (25 minutes) Part 1 SIMS COMPANY Variable Costing Income Statement...
Lucas Industries uses departmental overhead rates to allocate its manufacturing overhead to jobs. The company has two departments: Assembly and Sanding. The Assembly Department uses a departmental overhead rate of $50 per machine hour, while the Sanding Department uses a departmental overhead rate of $30 per direct labor hour. Job 542 used the following direct labor hours and machine hours in the two departments: Assembly Department Sanding Department Actual results Direct labor hours used Machine hours used 10 o The...
please show your work
In 2017, BSA Manufacturing, LLC produce and sold 50,000 units of "x" in their first year of operation. The following information is provided regarding the company's first year in operation. Total Sales (50,000-$80) Units Produced and sold Direct material Direct Labor Variable Overhead Fixed Overhead Selling and Admin: Variable Selling and Admin Fixed Selling and Admin 4,000,000 50,000 35 $Per Unit 10 $ Per Unit 5 $Per Unit 8 $Per Unit 2 $Per Unit 10 $...
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