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View Policies Current Attempt in Progress Cullumber Theater Company is interested...
Current Attempt in Progress Cullumber Theater Company is interested in estimating fixed and variable costs. The...
Current Attempt in Progress Cullumber Theater Company is interested in estimating fixed and variable costs. The following data are available for the month of December: Cost Number of Tickets Sold 4,800 $384,630 December Detail of Cost: Author royalties/fees Wages (actors, ticket office, ushers, etc.) Rent Utilities Food and beverages Depreciation-theater equipment Owner's salary Total $84,320 171.450 65,040 6,640 33,600 12,790 10,790 $384,630 *Author royalties/fees are fixed because the theater pays for the right to put on the play, royalties and...
Question 4 View Policies Current Attempt in Progress In 2019, Cullumber Company had a break-even point...
Question 4 View Policies Current Attempt in Progress In 2019, Cullumber Company had a break-even point of $309,000 based on a selling price of $5 per unit and fixed costs of $92.700. In 2020, the selling price and the variable costs per unit did not change, but the break even point increased to $453,000 Compute the variable costs per unit and the contribution margin ratio for 2019. (Round Variable cost per unit to 2 decimal places, es 2.25 and Contribution...
please answer part B. Current Attempt in Progress Frinut Company estimates the following overhead costs for...
please answer part B.
Current Attempt in Progress Frinut Company estimates the following overhead costs for the coming year: Equipment depreciation Equipment maintenance Supervisory salaries Factory rent Total $250,000 50,000 20,000 100,000 $420,000 Frinut budgeted $600,000 in direct labor costs and 14,000 machine hours for the coming year. (a) Your answer has been saved. See score details after the due date. Calculate the predetermined overhead rate using direct labor costs as the allocation base. (Round answer to 2 decimal places,...
Question 5 of 5 < > View Policies Show Attempt History Current Attempt in Progress Bramble...
Question 5 of 5 < > View Policies Show Attempt History Current Attempt in Progress Bramble Gravity Grips produces spike sets for track shoes. CEO Brittany Bramble has gathered the follo company's sales volume and marketing cost for the past six months: January February March April May June Sales Volume 64,300 48,300 69,800 74.300 67,300 78,500 Total Marketing Costs $7,798 $5,932 $8,430 $8,590 $8,180 $8,650 Question 5 of 5 < 1/5 Machine Hours High point 78500 $ 8650 Low point...
View Policies Current Attempt in Progress Cullumber Company has the following portfolio of investment securities at...
View Policies Current Attempt in Progress Cullumber Company has the following portfolio of investment securities at September 30, 2020, its most recent reporting date. Investment Securities Horton, Inc. common (5,500 shares) Monty, Inc. preferred (3,830 shares) Oakwood Corp.common (980 shares) Cost $236,500 141,710 179,340 Fair Value $221,790 149,280 178,430 On October 10, 2020, the Horton shares were sold at a price of $52 per share. In addition, 3,170 shares of Patriot common stock were acquired at $53 per share on...
View Policies Current Attempt in Progress The following information is available for Trailblazer, a manufacturer of...
View Policies Current Attempt in Progress The following information is available for Trailblazer, a manufacturer of four-wheel all-terrain vehicles for its first two years of operation: Vehicles produced Vehicles sold 2020 1,000 900 2021 1,400 1,200 $1,200 $350 $220 $1,200 $350 $220 Selling price per unit Direct material per unit Direct labor per unit Variable manufacturing overhead per unit Fixed manufacturing overhead per year Variable selling and administrative expense per unit Fixed selling and administrative expense per year $40 $112,000...
Question 6 View Policies Current Attempt in Progress Bramble Clothiers is a small company that manufactures...
Question 6 View Policies Current Attempt in Progress Bramble Clothiers is a small company that manufactures tall-men's suits. The company has used a standard cost accounting system. In May 2020, 10,600 suits were produced The following standard and actual cost data applied to the month of May when normal capacity was 17,500 direct labor hours. All materials purchased were used. Cost Element Standard (per unit) Actual Direct materials 7 yards at $4.50 per yard $325,815 for 74.900 yards ($4.35 per...
Question 4 0.5/1 View Policies Show Attempt History Current Attempt in Progress Sunland Monograms sells stadium...
Question 4 0.5/1 View Policies Show Attempt History Current Attempt in Progress Sunland Monograms sells stadium blankets that have been monogrammed with high school and university emblems. The blankets retail for $46 throughout the country to loyal alumni of over 3,000 schools. Sunland's variable costs are 43% of sales, fixed costs are $114,000 per month. (a1) ✓ Your answer is correct. Calculate contribution margin ratio. (Round ratio to 2 percentage places, e.g. 0.38 - 38%.) Contribution margin ratio 0 5...
View Policies Current Attempt in Progress Kokomo produces stereo speakers. The selling price per pair of...
View Policies Current Attempt in Progress Kokomo produces stereo speakers. The selling price per pair of speakers is $1,840. There is no beginning inventory. $147 Costs involved in production are: Direct material Direct labor Variable manufacturing overhead Total variable manufacturing costs per unit 204 100 $451 Fixed manufacturing overhead per year $665,760 In addition, the company has fixed selling and administrative costs: Fixed selling costs per year $196,100 Fixed administrative costs per year $ 101,400 During the year, Kokomo produces...
Question 2 051 Accounting Updates View Policies Show Attemot History Current Attempt in Progress ences brations...
Question 2 051 Accounting Updates View Policies Show Attemot History Current Attempt in Progress ences brations PLUS Support Three years ago, Marissa Moore started a business that creates and delivers a nd birthday gift baskets to students at the local i ty Marissa seils the baskets for $26 each and the variable costs are $16 per basket. She incurs $12.000 in fixed costs each Your answer is correct How many baskets wil Mark e tose this year if she wants...
Current Attempt in Progress Cullumber Theater Company is interested in estimating fixed and variable costs. The following data are available for the month of December: Cost Number of Tickets Sold 4,800 $384,630 December Detail of Cost: Author royalties/fees Wages (actors, ticket office, ushers, etc.) Rent Utilities Food and beverages Depreciation-theater equipment Owner's salary Total $84,320 171.450 65,040 6,640 33,600 12,790 10,790 $384,630 *Author royalties/fees are fixed because the theater pays for the right to put on the play, royalties and...
Question 4 View Policies Current Attempt in Progress In 2019, Cullumber Company had a break-even point of $309,000 based on a selling price of $5 per unit and fixed costs of $92.700. In 2020, the selling price and the variable costs per unit did not change, but the break even point increased to $453,000 Compute the variable costs per unit and the contribution margin ratio for 2019. (Round Variable cost per unit to 2 decimal places, es 2.25 and Contribution...
please answer part B.
Current Attempt in Progress Frinut Company estimates the following overhead costs for the coming year: Equipment depreciation Equipment maintenance Supervisory salaries Factory rent Total $250,000 50,000 20,000 100,000 $420,000 Frinut budgeted $600,000 in direct labor costs and 14,000 machine hours for the coming year. (a) Your answer has been saved. See score details after the due date. Calculate the predetermined overhead rate using direct labor costs as the allocation base. (Round answer to 2 decimal places,...
Question 5 of 5 < > View Policies Show Attempt History Current Attempt in Progress Bramble Gravity Grips produces spike sets for track shoes. CEO Brittany Bramble has gathered the follo company's sales volume and marketing cost for the past six months: January February March April May June Sales Volume 64,300 48,300 69,800 74.300 67,300 78,500 Total Marketing Costs $7,798 $5,932 $8,430 $8,590 $8,180 $8,650 Question 5 of 5 < 1/5 Machine Hours High point 78500 $ 8650 Low point...
View Policies Current Attempt in Progress Cullumber Company has the following portfolio of investment securities at September 30, 2020, its most recent reporting date. Investment Securities Horton, Inc. common (5,500 shares) Monty, Inc. preferred (3,830 shares) Oakwood Corp.common (980 shares) Cost $236,500 141,710 179,340 Fair Value $221,790 149,280 178,430 On October 10, 2020, the Horton shares were sold at a price of $52 per share. In addition, 3,170 shares of Patriot common stock were acquired at $53 per share on...
View Policies Current Attempt in Progress The following information is available for Trailblazer, a manufacturer of four-wheel all-terrain vehicles for its first two years of operation: Vehicles produced Vehicles sold 2020 1,000 900 2021 1,400 1,200 $1,200 $350 $220 $1,200 $350 $220 Selling price per unit Direct material per unit Direct labor per unit Variable manufacturing overhead per unit Fixed manufacturing overhead per year Variable selling and administrative expense per unit Fixed selling and administrative expense per year $40 $112,000...
Question 6 View Policies Current Attempt in Progress Bramble Clothiers is a small company that manufactures tall-men's suits. The company has used a standard cost accounting system. In May 2020, 10,600 suits were produced The following standard and actual cost data applied to the month of May when normal capacity was 17,500 direct labor hours. All materials purchased were used. Cost Element Standard (per unit) Actual Direct materials 7 yards at $4.50 per yard $325,815 for 74.900 yards ($4.35 per...
Question 4 0.5/1 View Policies Show Attempt History Current Attempt in Progress Sunland Monograms sells stadium blankets that have been monogrammed with high school and university emblems. The blankets retail for $46 throughout the country to loyal alumni of over 3,000 schools. Sunland's variable costs are 43% of sales, fixed costs are $114,000 per month. (a1) ✓ Your answer is correct. Calculate contribution margin ratio. (Round ratio to 2 percentage places, e.g. 0.38 - 38%.) Contribution margin ratio 0 5...
View Policies Current Attempt in Progress Kokomo produces stereo speakers. The selling price per pair of speakers is $1,840. There is no beginning inventory. $147 Costs involved in production are: Direct material Direct labor Variable manufacturing overhead Total variable manufacturing costs per unit 204 100 $451 Fixed manufacturing overhead per year $665,760 In addition, the company has fixed selling and administrative costs: Fixed selling costs per year $196,100 Fixed administrative costs per year $ 101,400 During the year, Kokomo produces...
Question 2 051 Accounting Updates View Policies Show Attemot History Current Attempt in Progress ences brations PLUS Support Three years ago, Marissa Moore started a business that creates and delivers a nd birthday gift baskets to students at the local i ty Marissa seils the baskets for $26 each and the variable costs are $16 per basket. She incurs $12.000 in fixed costs each Your answer is correct How many baskets wil Mark e tose this year if she wants...
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