If Sales Price and product costs per unit remain constant, Group of answer choices Gross Margin...
If Sales Price and product costs per unit remain constant,
Group of answer choices
Gross Margin (gross profit %) will increase as more units are sold
Gross Margin (gross profit %) will decrease if we produce more units than we sell
Gross Margin (gross profit %) will increase with an increase in Cost of Goods Manufactured
Gross Margin (Gross Profit %) will stay the same regardless of volume produced or sold
Homework Answers
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If Sales Price and product costs per unit remain constant,
Group of answer choices
Gross Margin...
49. The contribution margin per unit and the contribution margin ratio will remain constant as long...
49. The contribution margin per unit and the contribution margin ratio will remain constant as long as: a. the selling cost remains the same. b. the cost of production and selling price changes. c. the sales revenue varies in direct proportion to volume. d. the volume of sales decreases. 50. The difference between sales and cost of goods sold equals ________. a. net profit b. profit after tax c. gross profit d. ...
Question Completion Status: QUESTION 10 If selling price per unit remains the same, unit variable cost...
Question Completion Status: QUESTION 10 If selling price per unit remains the same, unit variable cost remains the same, sales volume in units remains the same, and total fixed costs increase by $10,000, which of the following predictions is correct? Unit Contribution Margin Break-Even Volume Total Profit ОА Same Increase Decrease Same Decrease Decrease Increase Increase Decrease Decrease Decrease Increase Decrease Increase Decrease QUESTION 11 At sales volume of 600 units, variable costs are 58 per unit, and fixed costs...
15. Price is $10 per unit. At current sales volume, cost of goods sold (COGS) is...
15. Price is $10 per unit. At current sales volume, cost of goods sold (COGS) is $7 per unit and selling. general, and administrative (SG&A) costs are $5 per unit. Variable costs are $4 per unit. Total fixed costs are unknown. How much will the profit change in the short term if we sell 10 more units? Assume that the new volume is in the relevant range. A Jucrease by $20 B. increase by $30 Cincrease by $10 b. increase...
When calculating the cost per unit, if we sell more units, but our fixed costs remain...
When calculating the cost per unit, if we sell more units, but our fixed costs remain the same, or total cost per unit will: Go down Stay the same Go up Previous Next
QUESTION 9 Boomerang company sells a product at $100 per unit that has unit variable costs...
QUESTION 9 Boomerang company sells a product at $100 per unit that has unit variable costs of $30. The company's break-even sales point in sales dollars is $150,000. How much profit will the company make if it sells 4,000 units? A. $120,000 B. $70,000 C.$175,000 D. $215,000 QUESTION 10 To find the break-even point for a company that sells several products, the analyst must make an assumption about what the sales mix will be and calculate a weighted average contribution...
If a product has a sales price of $50 per unit and a contribution margin of...
If a product has a sales price of $50 per unit and a contribution margin of $15 per unit and the company desires a before tax profit of $180,000, how many additional units over the breakeven amount need to be sold?
Product G $ 50 Product B $ 80 10 Selling price per unit Variable costs per...
Product G $ 50 Product B $ 80 10 Selling price per unit Variable costs per unit Contribution margin per unit Machine hours to produce 1 unit Maximum unit sales per month S 40 $ 32 0.4 hours 600 units 1.0 hours 200 units The company presently operates the machine for a single eight-hour shift for 22 working days each month. Management is thinking about operating the machine for two shifts, which will increase its productivity by another eight hours...
$ Sales (@ $64 per unit) Cost of goods sold (@ $41 per unit) Gross margin...
$ Sales (@ $64 per unit) Cost of goods sold (@ $41 per unit) Gross margin Selling and administrative expenses* Net operating income Year i 960,000 615,000 345,000 299,000 146,000 Year 2 $ 1,600,000 1,025,000 575,000 329,000 $ 246,000 $ *$3 per unit variable; $254,000 fixed each year. The company's $41 unit product cost is computed as follows: $ 6 Direct materials Direct labor Variable manufacturing overhead Fixed manufacturing overhead ($380,000 + 20,000 units) Absorption costing unit product cost Forty...
Variable and Absorption Costing Scott Manufacturing makes only one product with total unit manufacturing costs of...
Variable and Absorption Costing Scott Manufacturing makes only one product with total unit manufacturing costs of $59, of which $41 is variable. No units were on hand at the beginning of 2015. During 2015 and 2016, the only product manufactured was sold for $93 per unit, and the cost structure did not change. Scott uses the first-in, first-out inventory method and has the following production and sales for 2015 and 2016 2015 Units Manufactured Units Sold 120,000 90,000 120,000 130,000...
Variable and Absorption Costing Scott Manufacturing makes only one product with total unit manufacturing costs of...
Variable and Absorption Costing Scott Manufacturing makes only one product with total unit manufacturing costs of $57, of which $39 is variable. No units were on hand at the beginning of 2015. During 2015 and 2016, the only product manufactured was sold for $89 per unit, and the cost structure did not change. Scott uses the first-in first-out inventory method and has the following production and sales for 2015 and 2016 Units Manufactured Units Sold 90,000 20,000 130,000 2015 120,000...
Question Completion Status: QUESTION 10 If selling price per unit remains the same, unit variable cost remains the same, sales volume in units remains the same, and total fixed costs increase by $10,000, which of the following predictions is correct? Unit Contribution Margin Break-Even Volume Total Profit ОА Same Increase Decrease Same Decrease Decrease Increase Increase Decrease Decrease Decrease Increase Decrease Increase Decrease QUESTION 11 At sales volume of 600 units, variable costs are 58 per unit, and fixed costs...
15. Price is $10 per unit. At current sales volume, cost of goods sold (COGS) is $7 per unit and selling. general, and administrative (SG&A) costs are $5 per unit. Variable costs are $4 per unit. Total fixed costs are unknown. How much will the profit change in the short term if we sell 10 more units? Assume that the new volume is in the relevant range. A Jucrease by $20 B. increase by $30 Cincrease by $10 b. increase...
When calculating the cost per unit, if we sell more units, but our fixed costs remain the same, or total cost per unit will: Go down Stay the same Go up Previous Next
QUESTION 9 Boomerang company sells a product at $100 per unit that has unit variable costs of $30. The company's break-even sales point in sales dollars is $150,000. How much profit will the company make if it sells 4,000 units? A. $120,000 B. $70,000 C.$175,000 D. $215,000 QUESTION 10 To find the break-even point for a company that sells several products, the analyst must make an assumption about what the sales mix will be and calculate a weighted average contribution...
Product G $ 50 Product B $ 80 10 Selling price per unit Variable costs per unit Contribution margin per unit Machine hours to produce 1 unit Maximum unit sales per month S 40 $ 32 0.4 hours 600 units 1.0 hours 200 units The company presently operates the machine for a single eight-hour shift for 22 working days each month. Management is thinking about operating the machine for two shifts, which will increase its productivity by another eight hours...
$ Sales (@ $64 per unit) Cost of goods sold (@ $41 per unit) Gross margin Selling and administrative expenses* Net operating income Year i 960,000 615,000 345,000 299,000 146,000 Year 2 $ 1,600,000 1,025,000 575,000 329,000 $ 246,000 $ *$3 per unit variable; $254,000 fixed each year. The company's $41 unit product cost is computed as follows: $ 6 Direct materials Direct labor Variable manufacturing overhead Fixed manufacturing overhead ($380,000 + 20,000 units) Absorption costing unit product cost Forty...
Variable and Absorption Costing Scott Manufacturing makes only one product with total unit manufacturing costs of $59, of which $41 is variable. No units were on hand at the beginning of 2015. During 2015 and 2016, the only product manufactured was sold for $93 per unit, and the cost structure did not change. Scott uses the first-in, first-out inventory method and has the following production and sales for 2015 and 2016 2015 Units Manufactured Units Sold 120,000 90,000 120,000 130,000...
Variable and Absorption Costing Scott Manufacturing makes only one product with total unit manufacturing costs of $57, of which $39 is variable. No units were on hand at the beginning of 2015. During 2015 and 2016, the only product manufactured was sold for $89 per unit, and the cost structure did not change. Scott uses the first-in first-out inventory method and has the following production and sales for 2015 and 2016 Units Manufactured Units Sold 90,000 20,000 130,000 2015 120,000...
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