Homework Answers
| Total fixed costs | 4154813 | |
| Divide by Contribution margin per unit | 68 | =84-16 |
| Break even point in units | 61100 | |
| Breakeven revenue | 5132400 or 5132416 | =61100*84 |
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Clinton Manufacturing made and sold 534,000 units of its product for $84 per unit in 20X1....
Question 2 6 pts Clinton Manufacturing made and sold 534,000 units of its product for $84...
Question 2 6 pts Clinton Manufacturing made and sold 534,000 units of its product for $84 per unit in 20X1. Variable costs per unit are $23 (which are largely labor costs), and total fixed costs are $1,385,000. Question: What is breakeven (in units) for Clinton?
Question 1 12 pts Imani is the controller for Extreme Enterprises, a manufacturing firm that makes...
Question 1 12 pts Imani is the controller for Extreme Enterprises, a manufacturing firm that makes processing chips for phones and computers. Each order is considered a "job" for the firm. Imani has direct costs related to Job 45344 as follows: • 12 hours of labor @ $19 per hour and $2,098 of materials In addition, Extreme estimates its overhead related to the manufacture of chips to be $141,185 for the year. The company expects to do 72,178 jobs for...
Bailey Manufacturing sold 440,000 units of its product for $69 per unit in 2017. Variable cost...
Bailey Manufacturing sold 440,000 units of its product for $69 per unit in 2017. Variable cost per unit is $57, and total fixed costs are $1,760,000. Read the requirements. Requirement 1. Calculate (a) contribution margin and (b) operating income. (a) Determine the formula used to calculate the contribution margin. Total sales - Total variable costs = Contribution margin The contribution margin is $ 5,280,000 (b) Determine the formula used to calculate the operating income. Contribution margin. Total fixed costs –...
CVP computations. Garrett Manufacturing sold 410,000 units of its product for $68 per unit in 2017....
CVP computations. Garrett Manufacturing sold 410,000 units of its product for $68 per unit in 2017. Variable cost per unit is $60, and total fixed costs are $1,640,000. Required 3-22 1. Calculate (a) contribution margin and (b) operating income. 2. Garrett's current manufacturing process is labor intensive. Kate Schoenen, Garrett's production manager, has proposed investing in state-of-the-art manufacturing equipment, which will increase the annual fixed costs to $5,330,000. The variable costs are expected to decrease to $54 per unit. Garrett...
Bailey Manufacturing sold 435,000 units of its product for $60 per unit in 2017. Variable cost...
Bailey Manufacturing sold 435,000 units of its product for $60 per unit in 2017. Variable cost per unit is $50, and total fixed costs are $1,740,000. Read the requirements Requirement 1. Calculate (a) contribution margin and (b) operating income. (a) Determine the formula used to calculate the contribution margin. Total sales - Total variable costs = Contribution margin The contribution margin is $ 4,350,000 (b) Determine the formula used to calculate the operating income Contribution margin- Total fixed costs Operating...
Bailey Manufacturing sold 435,000 units of its product for $60 per unit in 2017. Variable cost...
Bailey Manufacturing sold 435,000 units of its product for $60 per unit in 2017. Variable cost per unit is $50, and total fixed costs are $1,740,000. Read the requirements. Requirement 1. Calculate (a) contribution margin and (b) operating income. (a) Determine the formula used to calculate the contribution margin- Total sales Total variable costs Contribution margin i Requirements The contribution margin is s 4,350,000 (b) Determine the formula used to calculate the operating income. Contribution margin Total fixed costs Operating...
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...
This year Bertrand Company sold 40,000 units of its only product for $25 per unit. Manufacturing...
This year Bertrand Company sold 40,000 units of its only product for $25 per unit. Manufacturing and selling the product required $200,000 of fixed manufacturing costs and $325,000 of fixed selling and administrative costs. Its per unit variable costs follow. on Material a Direct labor (pald on the basis of completed units). Variable overhead costs Variable selling and administrative costs $8.00 5.00 10.50 . Next year the company will use new material, which will reduce material costs by 50% and...
This year Bertrand Company sold 40,000 units of its only product for $25 per unit. Manufacturing...
This year Bertrand Company sold 40,000 units of its only product for $25 per unit. Manufacturing and selling the product required $200,000 of fixed manufacturing costs and $325,000 of fixed selling and administrative costs. Its per unit variable costs follow. tion $8.00 5.00 Material Direct labor (pald on the basis of completed units) Variable overhead costs, Variable selling and administrative costs 1.00 10.50 Next year the company will use new material, which will reduce material costs by 50% and direct...
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...
Question 2 6 pts Clinton Manufacturing made and sold 534,000 units of its product for $84 per unit in 20X1. Variable costs per unit are $23 (which are largely labor costs), and total fixed costs are $1,385,000. Question: What is breakeven (in units) for Clinton?
Question 1 12 pts Imani is the controller for Extreme Enterprises, a manufacturing firm that makes processing chips for phones and computers. Each order is considered a "job" for the firm. Imani has direct costs related to Job 45344 as follows: • 12 hours of labor @ $19 per hour and $2,098 of materials In addition, Extreme estimates its overhead related to the manufacture of chips to be $141,185 for the year. The company expects to do 72,178 jobs for...
Bailey Manufacturing sold 440,000 units of its product for $69 per unit in 2017. Variable cost per unit is $57, and total fixed costs are $1,760,000. Read the requirements. Requirement 1. Calculate (a) contribution margin and (b) operating income. (a) Determine the formula used to calculate the contribution margin. Total sales - Total variable costs = Contribution margin The contribution margin is $ 5,280,000 (b) Determine the formula used to calculate the operating income. Contribution margin. Total fixed costs –...
CVP computations. Garrett Manufacturing sold 410,000 units of its product for $68 per unit in 2017. Variable cost per unit is $60, and total fixed costs are $1,640,000. Required 3-22 1. Calculate (a) contribution margin and (b) operating income. 2. Garrett's current manufacturing process is labor intensive. Kate Schoenen, Garrett's production manager, has proposed investing in state-of-the-art manufacturing equipment, which will increase the annual fixed costs to $5,330,000. The variable costs are expected to decrease to $54 per unit. Garrett...
Bailey Manufacturing sold 435,000 units of its product for $60 per unit in 2017. Variable cost per unit is $50, and total fixed costs are $1,740,000. Read the requirements Requirement 1. Calculate (a) contribution margin and (b) operating income. (a) Determine the formula used to calculate the contribution margin. Total sales - Total variable costs = Contribution margin The contribution margin is $ 4,350,000 (b) Determine the formula used to calculate the operating income Contribution margin- Total fixed costs Operating...
Bailey Manufacturing sold 435,000 units of its product for $60 per unit in 2017. Variable cost per unit is $50, and total fixed costs are $1,740,000. Read the requirements. Requirement 1. Calculate (a) contribution margin and (b) operating income. (a) Determine the formula used to calculate the contribution margin- Total sales Total variable costs Contribution margin i Requirements The contribution margin is s 4,350,000 (b) Determine the formula used to calculate the operating income. Contribution margin Total fixed costs Operating...
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...
This year Bertrand Company sold 40,000 units of its only product for $25 per unit. Manufacturing and selling the product required $200,000 of fixed manufacturing costs and $325,000 of fixed selling and administrative costs. Its per unit variable costs follow. on Material a Direct labor (pald on the basis of completed units). Variable overhead costs Variable selling and administrative costs $8.00 5.00 10.50 . Next year the company will use new material, which will reduce material costs by 50% and...
This year Bertrand Company sold 40,000 units of its only product for $25 per unit. Manufacturing and selling the product required $200,000 of fixed manufacturing costs and $325,000 of fixed selling and administrative costs. Its per unit variable costs follow. tion $8.00 5.00 Material Direct labor (pald on the basis of completed units) Variable overhead costs, Variable selling and administrative costs 1.00 10.50 Next year the company will use new material, which will reduce material costs by 50% and direct...
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...
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