Homework Answers
| 1 | Contribution margin per unit=Selling price-Variable cost per unit=45-26=$ 19 | |||||||
| Contribution margin ratio=Contribution margin per unit/Selling price=19/45=0.4222=42.22% | ||||||||
| 2 | Breakeven sales in units=(Fixed cost+Desired net income)/Contribution margin per unit=(390000+190000)/19=30526.32=30527 | |||||||
| 3 | Breakeven sales in units=Fixed cost/Contribution margin per unit=(390000+50000)/19=23157.89=23158 | |||||||
| 4 | Breakeven sales in units=Fixed cost/Contribution margin per unit | |||||||
| Contribution margin per unit=Selling price-Variable cost per unit=45-(26+5)=$ 14 | ||||||||
| Breakeven sales in units=390000/14=27857.14=27858 | ||||||||
| 5 | Breakeven sales in units=Fixed cost/Contribution margin per unit | |||||||
| Contribution margin per unit=Selling price-Variable cost per unit=45-(26-5)=$ 24 | ||||||||
| Breakeven sales in units=390000/24=16250 | ||||||||
| 6 | Breakeven sales in units=Fixed cost/Contribution margin per unit | |||||||
| Contribution margin per unit=Selling price-Variable cost per unit=50-26=$ 24 | ||||||||
| Breakeven sales in units=390000/24=16250 | ||||||||
| 7 | Breakeven sales in units=Fixed cost/Contribution margin per unit | |||||||
| Contribution margin per unit=Selling price-Variable cost per unit=40-26=$ 14 | ||||||||
| Breakeven sales in units=390000/14=27857.14=27858 | ||||||||
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I See The Light, Inc Schedule of Projected Costs Variable Manufacturing Unit Cost 20x 1 Cost...
Variable Manufacturing Unit Cost 20x1 Cost Projected Percent Increase 20x2 Cost Rounded to 2 Decimal Places...
Variable Manufacturing Unit Cost 20x1 Cost Projected Percent Increase 20x2 Cost Rounded to 2 Decimal Places 2% Lamp Kit Labor Variable Overhead $16 $2 $ 2 2.50% .50% $16.32 $2.07 $2.05 {4.01) {4.02) (4.03) 2 Projected Variable Manufacturing Cost Per Unit $20.44 {4.04) Total Variable Cost Per Unit 20x1 Cost 20x2 Cost Rounded to 2 Decimal Places Projected Percent Increase 2.00% 6.00% Variable Selling Variable Administrative Projected Variable Manufacturing Unit Cost $3.00 $2.00 3.06 2.12 20.44 (4.05) {4.06) (4.04) Projected...
Variable Manufacturing Unit Cost 20x1 Cost 20x2 Cost Rounded to 2 Decimal Places Lamp Kit Labor...
Variable Manufacturing Unit Cost 20x1 Cost 20x2 Cost Rounded to 2 Decimal Places Lamp Kit Labor Variable Overhead $16 $ 2 $ 2 Projected Percent Increase 2% 2 .50% 2 .50% $16.32 $2.07 $2.05 {4.01) (4.02) (4.03) Projected Variable Manufacturing Cost Per Unit $20.44 (4.04) Total Variable Cost Per Unit 20x1 Cost 20x2 Cost Rounded to 2 Decimal Places Projected Percent Increase 2.00% 6.00% Variable Selling Variable Administrative Projected Variable Manufacturing Unit Cost $3.00 $2.00 3.06 2.121 20.44 {4.05) (4.06)...
4. For 20x2 the selling price per lamp will be $45.00. If the variable cost increase...
4. For 20x2 the selling price per lamp will be $45.00. If the variable cost increase by $3.00 a unit how many lamps must be sold to breakeven? Breakeven sales in units (Since we cannot sell part of a unit round up to the next unit if needed) (6.01) 5. For 20x2 the selling price per lamp will be $45.00. If the variable cost decreased by $3.00 a unit how many lamps must be sold to breakeven? Breakeven sales in...
I See The Light Projected Income Statement For the Period Ending December 31, 20x1 Sales Cost...
I See The Light Projected Income Statement For the Period Ending December 31, 20x1 Sales Cost of Goods Sold Gross Profit Selling Expenses: $1,125,000.00 723,250.00 $ 401,750.00 25,000 lamps $45.00 $28.93 $23,000.00 Fixed Variable(Commission per unit)@ $3.15 78,750.00 $101,750.00 Fixed Administrative Expenses $42,000.00 Variable 1,500.00 43.9000 145,250.00 Total Selling and Administrative Expenses Net Profit 256,500.00 The projected cost of a lamp is calculated based upon the projected increases or decreases to current costs. The present costs to manufacture one lamp...
The projected cost of a lamp is calculated based upon the projected increases or decreases to...
The projected cost of a lamp is calculated based upon the projected increases or decreases to current costs. The present costs to manufacture one lamp are: Lamp Kit: Direct Labor: Variable Overhead: Fixed Overhead: $16.0000000 per lamp 2.0000000 per lamp (4 lamps/hr.) 2.0000000 per lamp 10.0000000 per lamp (based on normal capacity of 25,000 lamps) Cost per lamp: $30.0000000 per lamp Expected increases for 20x2 When calculating projected increases round to TWO ($0.00) decimal places. 1. Material Costs are expected...
I See The Light Projected Balance Sheet As of December 31, 20x1 $ 34,710.00 67,500.00 Current...
I See The Light Projected Balance Sheet As of December 31, 20x1 $ 34,710.00 67,500.00 Current Assets Cash Accounts Receivable Inventory Raw Material Lamp Kits Work in Process Finished Goods Total Current Assets 8,90.00 8,000.00 500 @ $16.00 0 3000 @ $30.00 $ 90,000.00 200,210.00 $ Fixed Assets Equipment Accumulated Depreciation Total Fixed Assets Total Assets 20,000.00 6,800.00 13,200.00 213,410.00 $ $ $ 54,000.00 54,000.00 Current Liabilities Accounts Payable Total Liabilities Stockholder's Equity Common Stock Retained Earnings Total Stockholder's Equity...
Hello I figured out some of the boxes so the yellow boxes that are filled in...
Hello I figured out some of the boxes so the yellow boxes that
are filled in are correct but the other yellow boxes I am having a
hard time figuring out can you help? thank you
Projected Income Statement For the Period Ending December 31, 20x1 $45.00 $30.00 $ 1,125,000.00 750,000.00 $ 375,000.00 Sales 25,000 lamps @ Cost of Goods Sold @ Gross Profit Selling Expenses: Fixed Variable Commission per unit) Administrative Expenses: Fixed Variable @ Total Selling and Administrative...
Need help filling out the yellow cells. (10.01-10.1). Also included the extra information needed to solve...
Need help filling out the
yellow cells. (10.01-10.1). Also included the extra information
needed to solve and all numbers already in yellow are correct,
thanks!
2 Materials Budget Lamp Kits Needed for Production Desired Ending Inventory Total Needed Less: Beginning Inventory Total Purchases Cost per piece Cost of Purchases (Round to two places, $##.##) 34,400 units 600 units 35,000 units 500 units {8.01} {8.02) {8.03} {8.04} 34,500 units 16.96 $ $ 16.96 585,120.00 {8.05) {8.06) 3 Direct Labor Budget $...
Please help with 9.01 - 10.10 Thank you very much!!! Let me know if you need...
Please help with 9.01 - 10.10 Thank you very much!!! Let me know
if you need any more information.
I See The Light Projected Income Statement For the Period Ending December 31, 20x1 $ 1,125,000.00 750,000.00 375,000.00 $ Sales 25,000 lamps @ $45.00 Cost of Goods Sold @ $30.00 Gross Profit Selling Expenses: Fixed Variable (Commission per unit) @ $3.00 Administrative Expenses: Fixed Variable @ $2.00 Total Selling and Administrative Expenses: Net Profit $ 23,000.00 75,000.00 $ 98,000.00 $ 42,000.00...
I. A company sells a product which has a unit sales price of $10, unit variable...
I. A company sells a product which has a unit sales price of $10, unit variable cost of $5 and total fixed costs of $280,000. The number of units the company must sell to break even is: 2. At the breakeven point of 3.000 units, variable costs are $300,000, and fixed costs are S180,000. How much is the selling price per unit? 3. A company has total fixed costs of $160,000 and a contribution margin ratio of 20%. The total...
Variable Manufacturing Unit Cost 20x1 Cost Projected Percent Increase 20x2 Cost Rounded to 2 Decimal Places 2% Lamp Kit Labor Variable Overhead $16 $2 $ 2 2.50% .50% $16.32 $2.07 $2.05 {4.01) {4.02) (4.03) 2 Projected Variable Manufacturing Cost Per Unit $20.44 {4.04) Total Variable Cost Per Unit 20x1 Cost 20x2 Cost Rounded to 2 Decimal Places Projected Percent Increase 2.00% 6.00% Variable Selling Variable Administrative Projected Variable Manufacturing Unit Cost $3.00 $2.00 3.06 2.12 20.44 (4.05) {4.06) (4.04) Projected...
Variable Manufacturing Unit Cost 20x1 Cost 20x2 Cost Rounded to 2 Decimal Places Lamp Kit Labor Variable Overhead $16 $ 2 $ 2 Projected Percent Increase 2% 2 .50% 2 .50% $16.32 $2.07 $2.05 {4.01) (4.02) (4.03) Projected Variable Manufacturing Cost Per Unit $20.44 (4.04) Total Variable Cost Per Unit 20x1 Cost 20x2 Cost Rounded to 2 Decimal Places Projected Percent Increase 2.00% 6.00% Variable Selling Variable Administrative Projected Variable Manufacturing Unit Cost $3.00 $2.00 3.06 2.121 20.44 {4.05) (4.06)...
4. For 20x2 the selling price per lamp will be $45.00. If the variable cost increase by $3.00 a unit how many lamps must be sold to breakeven? Breakeven sales in units (Since we cannot sell part of a unit round up to the next unit if needed) (6.01) 5. For 20x2 the selling price per lamp will be $45.00. If the variable cost decreased by $3.00 a unit how many lamps must be sold to breakeven? Breakeven sales in...
I See The Light Projected Income Statement For the Period Ending December 31, 20x1 Sales Cost of Goods Sold Gross Profit Selling Expenses: $1,125,000.00 723,250.00 $ 401,750.00 25,000 lamps $45.00 $28.93 $23,000.00 Fixed Variable(Commission per unit)@ $3.15 78,750.00 $101,750.00 Fixed Administrative Expenses $42,000.00 Variable 1,500.00 43.9000 145,250.00 Total Selling and Administrative Expenses Net Profit 256,500.00 The projected cost of a lamp is calculated based upon the projected increases or decreases to current costs. The present costs to manufacture one lamp...
The projected cost of a lamp is calculated based upon the projected increases or decreases to current costs. The present costs to manufacture one lamp are: Lamp Kit: Direct Labor: Variable Overhead: Fixed Overhead: $16.0000000 per lamp 2.0000000 per lamp (4 lamps/hr.) 2.0000000 per lamp 10.0000000 per lamp (based on normal capacity of 25,000 lamps) Cost per lamp: $30.0000000 per lamp Expected increases for 20x2 When calculating projected increases round to TWO ($0.00) decimal places. 1. Material Costs are expected...
I See The Light Projected Balance Sheet As of December 31, 20x1 $ 34,710.00 67,500.00 Current Assets Cash Accounts Receivable Inventory Raw Material Lamp Kits Work in Process Finished Goods Total Current Assets 8,90.00 8,000.00 500 @ $16.00 0 3000 @ $30.00 $ 90,000.00 200,210.00 $ Fixed Assets Equipment Accumulated Depreciation Total Fixed Assets Total Assets 20,000.00 6,800.00 13,200.00 213,410.00 $ $ $ 54,000.00 54,000.00 Current Liabilities Accounts Payable Total Liabilities Stockholder's Equity Common Stock Retained Earnings Total Stockholder's Equity...
Hello I figured out some of the boxes so the yellow boxes that
are filled in are correct but the other yellow boxes I am having a
hard time figuring out can you help? thank you
Projected Income Statement For the Period Ending December 31, 20x1 $45.00 $30.00 $ 1,125,000.00 750,000.00 $ 375,000.00 Sales 25,000 lamps @ Cost of Goods Sold @ Gross Profit Selling Expenses: Fixed Variable Commission per unit) Administrative Expenses: Fixed Variable @ Total Selling and Administrative...
Need help filling out the
yellow cells. (10.01-10.1). Also included the extra information
needed to solve and all numbers already in yellow are correct,
thanks!
2 Materials Budget Lamp Kits Needed for Production Desired Ending Inventory Total Needed Less: Beginning Inventory Total Purchases Cost per piece Cost of Purchases (Round to two places, $##.##) 34,400 units 600 units 35,000 units 500 units {8.01} {8.02) {8.03} {8.04} 34,500 units 16.96 $ $ 16.96 585,120.00 {8.05) {8.06) 3 Direct Labor Budget $...
Please help with 9.01 - 10.10 Thank you very much!!! Let me know
if you need any more information.
I See The Light Projected Income Statement For the Period Ending December 31, 20x1 $ 1,125,000.00 750,000.00 375,000.00 $ Sales 25,000 lamps @ $45.00 Cost of Goods Sold @ $30.00 Gross Profit Selling Expenses: Fixed Variable (Commission per unit) @ $3.00 Administrative Expenses: Fixed Variable @ $2.00 Total Selling and Administrative Expenses: Net Profit $ 23,000.00 75,000.00 $ 98,000.00 $ 42,000.00...
I. A company sells a product which has a unit sales price of $10, unit variable cost of $5 and total fixed costs of $280,000. The number of units the company must sell to break even is: 2. At the breakeven point of 3.000 units, variable costs are $300,000, and fixed costs are S180,000. How much is the selling price per unit? 3. A company has total fixed costs of $160,000 and a contribution margin ratio of 20%. The total...
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