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In 2019, Brenner Inc, expects to sell 60,000 balls. Brenner is budgeting the following: Sales Variable...
Spencer Company expects to sell 60,000 units next year. Variable production costs are $4 per unit,...
Spencer Company expects to sell 60,000 units next year. Variable production costs are $4 per unit, and variable selling costs are 10% of the selling price. Fixed expenses are $115,000 per year, and the company has set a target profit of $50,000. Based on this information, the unit selling price should be: A) $7.00 B) $10.75 C) $7.50 D) $6.75
Feather Friends, Inc. distributes a high-quality wooden birdhouse that sells $20 per unit. Variable expenses are...
Feather Friends, Inc. distributes a high-quality wooden birdhouse that sells $20 per unit. Variable expenses are $8 per unit, and fixed expenses total $180,000 per year. Its operating results for last year were as follows: Sales $400,000 Variable Expenses 160,000 Contribution margin 240,000 Fixed expenses 180,000 Net operating income $60,000 What is the product’s CM ratio? Use the CM ratio to determine the break-even point in dollar sales. If this year’s sales increase by $75,000 and fixed expenses do not...
Last year, the company sold 60,000 of these balls, with the following results: Sales (60,000 balls)...
Last year, the company sold 60,000 of these balls, with the following results: Sales (60,000 balls) Variable expenses Contribution margin Fixed expenses Net operating income $ 1,500,000 900,000 600,000 375,000 $ 225,000 Required: 1. Compute (a) last year's CM ratio and the break-even point in balls, and (b) the degree of operating leverage at last year's sales level. 2. Due to an increase in labor rates, the company estimates that next year's variable expenses will increase by $3.00 per ball....
Next year, CPC Inc. expects to sell 50,000 units of its only product and has prepared...
Next year, CPC Inc. expects to sell 50,000 units of its only product and has prepared the following budgeted income statement: Sales Variable expenses Contribution margin Fixed expenses Net operating income $1,250,000 750,000 500,000 300,000 $200,000 The company is considering the use of higher quality direct materials, which would increase direct material cost from $6 per unit to $8 per unit. If this change were made without changing the selling price, it is believed that unit sales would increase by...
Feather Friends, Inc., distributes a high-quality wooden birdhouse that sells for $20 per unit. Variable expenses...
Feather Friends, Inc., distributes a high-quality wooden birdhouse that sells for $20 per unit. Variable expenses are $8 per unit, and fixed expenses total $180,000 per year. Its operating results for last year were as follows: Sales $ 400,000 Variable expenses 160,000 Contribution margin 240,000 Fixed expenses 180,000 Net operating income $ 60,000 Required: Answer each question independently based on the original data: 1. What is the product's CM ratio? 2. Use the CM ratio to determine the break-even point...
ALPINE, INC. Income Statement For the year ended June 30, 2019 Sales (40,000 Units at $12)...
ALPINE, INC. Income Statement For the year ended June 30, 2019 Sales (40,000 Units at $12) $480,000 Less: Cost of Goods Sold Direct Materials Direct Labor Manufacturing Overhead $120,000 / 40000 = 3.0 65,600 40000 = 1.64 90.000 275,600 Gross Margin 204,400 Less: Operating expenses: Selling expenses: Variable: Sales Commissions Shipping -.96 $38,400/48000 = .08-> 8% 14,000 52,400 30400 40000 unit Fixed (Advertising, salaries) 110,000 Administrative expenses: Variable (billing, other) Fixed (salaries, other) 3,200 85,000 250,600 Net Loss $(46,200) All...
Next year. CPC Inc. expects to sell 50,000 units of its only product and has prepared...
Next year. CPC Inc. expects to sell 50,000 units of its only product and has prepared the following budgeted income statement: Sales Variable expenses Contribution margin Fixed expenses Net operating income $1,250,000 750,000 500,000 300,000 $200,000 10. The marketing manager suggests that a $25,000 increase in advertising will increase sales by $100,000. If she is correct, net operating income would be: a. $275,000. b. $191,000. 1,350,000 - c. $215,000 750,00 d. $235,000 600,00 325,000
Managerial Accounting (Flexible budgeting) Healthcare Inc.(HCI) uses flexible budgeting system, rather than only the current master...
Managerial Accounting (Flexible budgeting) Healthcare Inc.(HCI) uses flexible budgeting system, rather than only the current master budget. The following data are available for HCI's expected costs at production levels of 100,000,110,000 and 120,000 units: Variable costs: Manufacturing $8 per unit Administrative $4 per unit Selling $3 per unit Fixed costs: Manufacturing $350,000 Administrative $150,000 a) Prepare a flexible budget for each of the possible production levels:100,000, 110,000 and 120,000 units. b) If HCI sells its product for $35 each, how...
EasyFind, Inc. sells StraightShot golf balls for $24 per dozen, with a variable manufacturing cost of...
EasyFind, Inc. sells StraightShot golf balls for $24 per dozen, with a variable manufacturing cost of $13 per dozen EasyFind is planning to introduce a lower priced ball, Duffer's Delite, that will sell for $16 per dozen with a variable manufacturing cost of $4 per dozen. The firm currently sells 45,600 StraightShot units per year and expects to sell 24,200 units of the new Duffer's Delight golf ball if it is introduced (1 unit = 12 golf balls packaged together)....
Last year, the company sold 60,000 of these balls, with the following results: Sales (60,000 balls) Variable expenses Contribution margin Fixed expenses Net operating income $ 1,500,000 900,000 600,000 375,000 $ 225,000 Required: 1. Compute (a) last year's CM ratio and the break-even point in balls, and (b) the degree of operating leverage at last year's sales level. 2. Due to an increase in labor rates, the company estimates that next year's variable expenses will increase by $3.00 per ball....
Next year, CPC Inc. expects to sell 50,000 units of its only product and has prepared the following budgeted income statement: Sales Variable expenses Contribution margin Fixed expenses Net operating income $1,250,000 750,000 500,000 300,000 $200,000 The company is considering the use of higher quality direct materials, which would increase direct material cost from $6 per unit to $8 per unit. If this change were made without changing the selling price, it is believed that unit sales would increase by...
ALPINE, INC. Income Statement For the year ended June 30, 2019 Sales (40,000 Units at $12) $480,000 Less: Cost of Goods Sold Direct Materials Direct Labor Manufacturing Overhead $120,000 / 40000 = 3.0 65,600 40000 = 1.64 90.000 275,600 Gross Margin 204,400 Less: Operating expenses: Selling expenses: Variable: Sales Commissions Shipping -.96 $38,400/48000 = .08-> 8% 14,000 52,400 30400 40000 unit Fixed (Advertising, salaries) 110,000 Administrative expenses: Variable (billing, other) Fixed (salaries, other) 3,200 85,000 250,600 Net Loss $(46,200) All...
Next year. CPC Inc. expects to sell 50,000 units of its only product and has prepared the following budgeted income statement: Sales Variable expenses Contribution margin Fixed expenses Net operating income $1,250,000 750,000 500,000 300,000 $200,000 10. The marketing manager suggests that a $25,000 increase in advertising will increase sales by $100,000. If she is correct, net operating income would be: a. $275,000. b. $191,000. 1,350,000 - c. $215,000 750,00 d. $235,000 600,00 325,000
EasyFind, Inc. sells StraightShot golf balls for $24 per dozen, with a variable manufacturing cost of $13 per dozen EasyFind is planning to introduce a lower priced ball, Duffer's Delite, that will sell for $16 per dozen with a variable manufacturing cost of $4 per dozen. The firm currently sells 45,600 StraightShot units per year and expects to sell 24,200 units of the new Duffer's Delight golf ball if it is introduced (1 unit = 12 golf balls packaged together)....
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