the local convenience sells a large variety of snack foods. if their budget for the month...
Homework Answers
Contribution margin =(155000-77500)/155000 =50%
Break-even point in units =Fixed costs/contribution margin
Break-even point in units =23500/50%
Break-even point in units =47000 units
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the local convenience sells a large variety of snack foods. if
their budget for the month...
7. (10 points) J.M Smucker Company operates two divisions, the Fruit Preserves Division and the Snack Foods Division. The Fruit Preserves Division manufactures and sells jelly and jams to supermarket...
7. (10 points) J.M Smucker Company operates two divisions, the Fruit Preserves Division and the Snack Foods Division. The Fruit Preserves Division manufactures and sells jelly and jams to supermarkets. The Snack Foods Division sells its products to theme parks. The company is considering disposing of the Snack Foods Division since it has been consistently unprofitable for a number of years. The income statements for the two divisions for the year ended December 31, 2017 are presented below: Fruit Preserve:s...
The Snack Hut sells fudge, cashews, and caramel corn. They sold 10,000 units last year. Caramel...
The Snack Hut sells fudge, cashews, and caramel corn. They sold 10,000 units last year. Caramel corn outsold cashews by a ratio of 2 to 1. Sales of fudge were the same as sales of cashews. Fixed costs for The Snack Hut are $19,500. Additional information follows: Product Unit Sales Prices Unit Variable Cost Fudge $8.00 $4.00 Cashews $10.00 $5.00 Caramel Corn $6.00 $4.50 The weighted average contribution margin for the three products of The Snack Hut is O A....
Beach Balls and More is a local company that manufactures and sells beach balls. When the...
Beach Balls and More is a local company that manufactures and sells
beach balls. When the company produced 8,500 beach balls in
February it’s partial costs were: *see graph*
BUDGET LINE ITEM Hourly employees Store manager salary Electric/water Auto insurance Plastic parts Printing logo on balls The Mint coupons (advertising) Factory depreciation COST PER UNIT $15.00 $0.30 $0.25 $0.05 $0.85 $0.35 $0.12 $1.18 The company wants your help to plan for the month of March when Spring Break production is...
Gia's Foods produces frozen meals that it sells for $8 each. The company computes a new...
Gia's Foods produces frozen meals that it sells for $8 each. The company computes a new monthly fixed manufacturing overhead allocation rate based on the planned number of meals to be produced that month. Assume all costs and production levels are exactly as planned. The following data are from Gia's Foods' first month in business: January 2016 Units produced and sold Sales 950 meals Production 1,150 meals Variable manufacturing cost per meals 4 Sales commission cost per meal Total fixed...
Wagner Enterprise sells two products, large tractors and small tractors. A large tractor sells for $55,800...
Wagner Enterprise sells two products, large tractors and small tractors. A large tractor sells for $55,800 per unit with variable costs of $25,668 per unit. Small tractors sell for $30,600 per unit with variable costs of $14,688 per unit. Total fixed costs for the company are $1,512,000. Wagner Enterprises typically sells two large tractors for every three small tractors. Assuming the sales mix remains constant, how many large and small tractors are sold (in units) at Wagner’s break-even point? Answer...
Clarita's Foods produces frozen meals that it sells for $9 each. The company computes a new...
Clarita's Foods produces frozen meals that it sells for $9 each. The company computes a new monthly fixed manufacturing overhead allocation rate based on the planned number of meals to be produced that month. Assume all costs and production levels are exactly as planned. The following data are from Clarita's Foods's first month in business: January 2018 Units produced and sold: Sales 1,000 meals 1,200 meals Production Variable manufacturing cost per meal Sales commission cost per meal Total fixed manufacturing...
how to slove it step by step 3. A large drug store offers a variety of...
how to slove it step by step
3. A large drug store offers a variety of products for sale. For 2018, the company reported: $10 million sales; $6 million variable costs; $2.4 million fixed costs. For 2019, what is the expected break-even sales in dollars)? (sales = $6 million]
Break-Even with Multiple Products Wagner Enterprise sells two products, large tractors and small tractors. A large...
Break-Even with Multiple Products Wagner Enterprise sells two products, large tractors and small tractors. A large tractor sells for $62,000 per unit with variable costs of $28,520 per unit. Small tractors sell for $34,000 per unit with variable costs of $16,320 per unit. Total fixed costs for the company are $1,560,000. Wagner Enterprises typically sells two large tractors for every three small tractors. Assuming the sales mix remains constant, how many large and small tractors are sold (in units) at...
Maria's Foods produces frozen meals that it sells for $14 each. The company computes a new...
Maria's Foods produces frozen meals that it sells for $14 each. The company computes a new monthly fixed manufacturing overhead allocation rate based on the planned number of meals to be produced that month. Assume all costs and production levels are exactly as planned. The following data are from Maria's Foods's first month in business: Units produced and sold for January 2018: Sales=800meals Production=1100 meals Variable manufacturing cost per meal =$6 Sales commission cost per meal=$2 Total fixed manufacturing overhead=$385...
Sullivan, Inc., sells tire rims. Its sales budget and inventory, purchases, and cost of goods sold...
Sullivan, Inc., sells tire rims. Its sales budget and inventory, purchases, and cost of goods sold budget for the nine months ended September 30, 2016, follow: (Click the icon to view the sales budget and inventory, purchases, and cost of goods sold budget.) Sullivan's selling and administrative expenses include the following 囲(Click the icon to view the expenses.) Prepare a selling and administrative expense budget for each of the three quarters of 2016 and totals for the nine-month period Sullivan,...
7. (10 points) J.M Smucker Company operates two divisions, the Fruit Preserves Division and the Snack Foods Division. The Fruit Preserves Division manufactures and sells jelly and jams to supermarkets. The Snack Foods Division sells its products to theme parks. The company is considering disposing of the Snack Foods Division since it has been consistently unprofitable for a number of years. The income statements for the two divisions for the year ended December 31, 2017 are presented below: Fruit Preserve:s...
The Snack Hut sells fudge, cashews, and caramel corn. They sold 10,000 units last year. Caramel corn outsold cashews by a ratio of 2 to 1. Sales of fudge were the same as sales of cashews. Fixed costs for The Snack Hut are $19,500. Additional information follows: Product Unit Sales Prices Unit Variable Cost Fudge $8.00 $4.00 Cashews $10.00 $5.00 Caramel Corn $6.00 $4.50 The weighted average contribution margin for the three products of The Snack Hut is O A....
Beach Balls and More is a local company that manufactures and sells
beach balls. When the company produced 8,500 beach balls in
February it’s partial costs were: *see graph*
BUDGET LINE ITEM Hourly employees Store manager salary Electric/water Auto insurance Plastic parts Printing logo on balls The Mint coupons (advertising) Factory depreciation COST PER UNIT $15.00 $0.30 $0.25 $0.05 $0.85 $0.35 $0.12 $1.18 The company wants your help to plan for the month of March when Spring Break production is...
Gia's Foods produces frozen meals that it sells for $8 each. The company computes a new monthly fixed manufacturing overhead allocation rate based on the planned number of meals to be produced that month. Assume all costs and production levels are exactly as planned. The following data are from Gia's Foods' first month in business: January 2016 Units produced and sold Sales 950 meals Production 1,150 meals Variable manufacturing cost per meals 4 Sales commission cost per meal Total fixed...
Clarita's Foods produces frozen meals that it sells for $9 each. The company computes a new monthly fixed manufacturing overhead allocation rate based on the planned number of meals to be produced that month. Assume all costs and production levels are exactly as planned. The following data are from Clarita's Foods's first month in business: January 2018 Units produced and sold: Sales 1,000 meals 1,200 meals Production Variable manufacturing cost per meal Sales commission cost per meal Total fixed manufacturing...
how to slove it step by step
3. A large drug store offers a variety of products for sale. For 2018, the company reported: $10 million sales; $6 million variable costs; $2.4 million fixed costs. For 2019, what is the expected break-even sales in dollars)? (sales = $6 million]
Break-Even with Multiple Products Wagner Enterprise sells two products, large tractors and small tractors. A large tractor sells for $62,000 per unit with variable costs of $28,520 per unit. Small tractors sell for $34,000 per unit with variable costs of $16,320 per unit. Total fixed costs for the company are $1,560,000. Wagner Enterprises typically sells two large tractors for every three small tractors. Assuming the sales mix remains constant, how many large and small tractors are sold (in units) at...
Maria's Foods produces frozen meals that it sells for $14 each. The company computes a new monthly fixed manufacturing overhead allocation rate based on the planned number of meals to be produced that month. Assume all costs and production levels are exactly as planned. The following data are from Maria's Foods's first month in business: Units produced and sold for January 2018: Sales=800meals Production=1100 meals Variable manufacturing cost per meal =$6 Sales commission cost per meal=$2 Total fixed manufacturing overhead=$385...
Sullivan, Inc., sells tire rims. Its sales budget and inventory, purchases, and cost of goods sold budget for the nine months ended September 30, 2016, follow: (Click the icon to view the sales budget and inventory, purchases, and cost of goods sold budget.) Sullivan's selling and administrative expenses include the following 囲(Click the icon to view the expenses.) Prepare a selling and administrative expense budget for each of the three quarters of 2016 and totals for the nine-month period Sullivan,...
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