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23. Information for a company is shown below. Variable costs per unit: $10.00 direct materials $9.00...
IHG Company produces widgets. The widgets are sold for $2.00 per unit to wholesalers Unit variable...
IHG Company produces widgets. The widgets are sold for $2.00 per unit to wholesalers Unit variable cost are 60 % . For the year 2019, management estimates the following revenues and costs Selling expenses Selling expenses SGA expenses V SGA expenses- fix Sales Direct materials 70,000 75,000 30,000 1.100.000 530,000 460,000 Direct labor Manufacturing overhead- variable Manufacturing overhead -fixed 400,000 80,000 380,000 Instructions: (a) Compute the contribution margin ratio. (Round to the nearest full percent.) Compute the break-even point in...
Zoom Company produces widgets. The widgets are sold for $3.00 per unit to wholesalers. Unit variable...
Zoom Company produces widgets. The widgets are sold for $3.00 per unit to wholesalers. Unit variable cost are 60%. For the year 2019, management estimates the following revenues and costs. $ Sales Direct materials Direct labor Manufacturing overhead-variable Manufacturing overhead-fixed Selling expenses - variable Selling expenses - fixed SGA expenses - Variable SGA expenses- fixed 2,500,000 630,000 560,000 350,000 480,000 80,000 85,000 40,000 100,000 5 Instructions: 6 (a) Compute the contribution margin ratio. (Round to the nearest full percent.) Instructions:...
$170 per unit. The company incurs variable manufacturing costs of $83 per unit. Variable selling expenses...
$170 per unit. The company incurs variable manufacturing costs of $83 per unit. Variable selling expenses are $19 per unit, annual fixed manufacturing costs are $498.000, and fixed selling and administrative costs are $236.400 per year. Required Determine the break-even point in units and dollars using each of the following approaches: a. Use the equation method. b. Use the contribution margin per unit approach. c. Prepare a contribution margin income statement for the break-even sales volume. Complete this question by...
This year Burchard Company sold 35,000 units of its only product for $16.00 per unit. Manufacturing...
This year Burchard Company sold 35,000 units of its only product for $16.00 per unit. Manufacturing and selling the product required $120,000 of fixed manufacturing costs and $180,000 of fixed selling and administrative costs. Its per unit variable costs follow. Material Direct labor (paid on the basis of completed units) Variable overhead costs Variable selling and administrative costs $ 4.00 3.00 0.40 0.20 Next year the company will use new material, which will reduce material costs by 60% and direct...
Blanchard Company manufactures a single product that sells for $160 per unit and whose total variable costs are $112 pe...
Blanchard Company manufactures a single product that sells for $160 per unit and whose total variable costs are $112 per unit. The company's annual fixed costs are $734,400. (a) Compute the company's contribution margin per unit. Less: Contribution margin (b) Compute the company's contribution margin ratio. Choose Choose Numerator: Denominator: Contribution Margin Ratio = Contribution margin ratio (c) Compute the company's break-even point in units. Choose Numerator: Choose Denominator: Break-Even Units Break-even units 0 (d) Compute the company's break-even point...
SBD Phone Company sells its waterproof phone case for $95 per unit. Fixed costs total $210,900,...
SBD Phone Company sells its waterproof phone case for $95 per unit. Fixed costs total $210,900, and variable costs are $38 per unit. (1) Determine the contribution margin per unit. per unit per unit Contribution margin per unit (2) Determine the break-even point in units. Choose Numerator: Choose Denominator: Break Even Units Break even units SBD Phone Company sells its waterproof phone case for $128 per unit. Fixed costs total $257,000, and variable costs are $58 per unit. (1) Determine...
This year Burchard Company sold 28.000 units of its only product for $19.40 per unit. Manufacturing...
This year Burchard Company sold 28.000 units of its only product for $19.40 per unit. Manufacturing and selling the product required $113.000 of fixed manufacturing costs and $173.000 of fixed selling and administrative costs. Its per unit variable costs follow. $ 3.30 2.30 Material Direct labor (paid on the basis of completed units) Variable overhead costs Variable selling and administrative costs 0.33 0.13 Next year the company will use a new material, which will reduce material costs by 50% and...
Required information [The following information applies to the questions displayed below.] This year Burchard Company sold...
Required information [The following information applies to the questions displayed below.] This year Burchard Company sold 45,000 units of its only product for $18.00 per unit. Manufacturing and selling the product required $130,000 of fixed manufacturing costs and $190,000 of fixed selling and administrative costs. Its per unit variable costs follow. Material $ 5.00 Direct labor (paid on the basis of completed units) 4.00 Variable overhead costs 0.50 Variable selling and administrative costs 0.30 Next year the company will use...
Zachary Company makes a product that sells for $30 per unit. The company pays $11 per...
Zachary Company makes a product that sells for $30 per unit. The company pays $11 per unit for the variable costs of the product and Incurs annual fixed costs of $165,300. Zachary expects to sell 22,100 units of product Required Determine Zachary's margin of safety expressed as a percentage. (Round your answer to 2 decimal places. (.e, 0.2345 should be entered as 23.45) Margin of safety % Reld Company is considering the production of a new product. The expected variable...
Required information The following information applies to the questions displayed below) This year Burchard Company sold...
Required information The following information applies to the questions displayed below) This year Burchard Company sold 45,000 units of its only product for $18.00 per unit. Manufacturing and selling the product required $130,000 of fixed manufacturing costs and $190,000 of fixed selling and administrative costs. Its per unit variable costs follow. Material Direct labor (paid on the basis of completed units) Variable overhead costs Variable selling and administrative costs $ 5.69 4.00 0.5e @.30 Next year the company will use...
IHG Company produces widgets. The widgets are sold for $2.00 per unit to wholesalers Unit variable cost are 60 % . For the year 2019, management estimates the following revenues and costs Selling expenses Selling expenses SGA expenses V SGA expenses- fix Sales Direct materials 70,000 75,000 30,000 1.100.000 530,000 460,000 Direct labor Manufacturing overhead- variable Manufacturing overhead -fixed 400,000 80,000 380,000 Instructions: (a) Compute the contribution margin ratio. (Round to the nearest full percent.) Compute the break-even point in...
Zoom Company produces widgets. The widgets are sold for $3.00 per unit to wholesalers. Unit variable cost are 60%. For the year 2019, management estimates the following revenues and costs. $ Sales Direct materials Direct labor Manufacturing overhead-variable Manufacturing overhead-fixed Selling expenses - variable Selling expenses - fixed SGA expenses - Variable SGA expenses- fixed 2,500,000 630,000 560,000 350,000 480,000 80,000 85,000 40,000 100,000 5 Instructions: 6 (a) Compute the contribution margin ratio. (Round to the nearest full percent.) Instructions:...
$170 per unit. The company incurs variable manufacturing costs of $83 per unit. Variable selling expenses are $19 per unit, annual fixed manufacturing costs are $498.000, and fixed selling and administrative costs are $236.400 per year. Required Determine the break-even point in units and dollars using each of the following approaches: a. Use the equation method. b. Use the contribution margin per unit approach. c. Prepare a contribution margin income statement for the break-even sales volume. Complete this question by...
This year Burchard Company sold 35,000 units of its only product for $16.00 per unit. Manufacturing and selling the product required $120,000 of fixed manufacturing costs and $180,000 of fixed selling and administrative costs. Its per unit variable costs follow. Material Direct labor (paid on the basis of completed units) Variable overhead costs Variable selling and administrative costs $ 4.00 3.00 0.40 0.20 Next year the company will use new material, which will reduce material costs by 60% and direct...
Blanchard Company manufactures a single product that sells for $160 per unit and whose total variable costs are $112 per unit. The company's annual fixed costs are $734,400. (a) Compute the company's contribution margin per unit. Less: Contribution margin (b) Compute the company's contribution margin ratio. Choose Choose Numerator: Denominator: Contribution Margin Ratio = Contribution margin ratio (c) Compute the company's break-even point in units. Choose Numerator: Choose Denominator: Break-Even Units Break-even units 0 (d) Compute the company's break-even point...
SBD Phone Company sells its waterproof phone case for $95 per unit. Fixed costs total $210,900, and variable costs are $38 per unit. (1) Determine the contribution margin per unit. per unit per unit Contribution margin per unit (2) Determine the break-even point in units. Choose Numerator: Choose Denominator: Break Even Units Break even units SBD Phone Company sells its waterproof phone case for $128 per unit. Fixed costs total $257,000, and variable costs are $58 per unit. (1) Determine...
This year Burchard Company sold 28.000 units of its only product for $19.40 per unit. Manufacturing and selling the product required $113.000 of fixed manufacturing costs and $173.000 of fixed selling and administrative costs. Its per unit variable costs follow. $ 3.30 2.30 Material Direct labor (paid on the basis of completed units) Variable overhead costs Variable selling and administrative costs 0.33 0.13 Next year the company will use a new material, which will reduce material costs by 50% and...
Required information [The following information applies to the questions displayed below.] This year Burchard Company sold 45,000 units of its only product for $18.00 per unit. Manufacturing and selling the product required $130,000 of fixed manufacturing costs and $190,000 of fixed selling and administrative costs. Its per unit variable costs follow. Material $ 5.00 Direct labor (paid on the basis of completed units) 4.00 Variable overhead costs 0.50 Variable selling and administrative costs 0.30 Next year the company will use...
Zachary Company makes a product that sells for $30 per unit. The company pays $11 per unit for the variable costs of the product and Incurs annual fixed costs of $165,300. Zachary expects to sell 22,100 units of product Required Determine Zachary's margin of safety expressed as a percentage. (Round your answer to 2 decimal places. (.e, 0.2345 should be entered as 23.45) Margin of safety % Reld Company is considering the production of a new product. The expected variable...
Required information The following information applies to the questions displayed below) This year Burchard Company sold 45,000 units of its only product for $18.00 per unit. Manufacturing and selling the product required $130,000 of fixed manufacturing costs and $190,000 of fixed selling and administrative costs. Its per unit variable costs follow. Material Direct labor (paid on the basis of completed units) Variable overhead costs Variable selling and administrative costs $ 5.69 4.00 0.5e @.30 Next year the company will use...
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