Homework Answers
| 2020 | 2021 | 2022 | |
| Net Profit | 1765400 | 971900 | 2558900 |
| Ending Inventory $ | 0 | 793500 | 0 |
| Working note for Net Profit | |||
| 2020 | 2021 | 2022 | |
| Units Sold | 23000 | 23000 | 23000 |
| Selling Price | 261 | 261 | 261 |
| Revenue (A) | 6003000 | 6003000 | 6003000 |
| Fixed Production Cost | 862500 | 862500 | 862500 |
| Variable Production Costs( 138*Units Produced) | 3174000 | 3967500 | 2380500 |
| Fixed Selling & Admin Exp. | 201100 | 201100 | 201100 |
| Expenses (B) | 4237600 | 5031100 | 3444100 |
| Net Profit (A-B) | 1765400 | 971900 | 2558900 |
| Working note for Ending Inventory $ | |||
| 2020 | 2021 | 2022 | |
| Beginning Inventory | 0 | 0 | 5750 |
| Units Produced | 23000 | 28750 | 17250 |
| Units Sold | 23000 | 23000 | 23000 |
| Units On Hand | 0 | 5750 | 0 |
| Variable Production Cost per unit | 138 | 138 | 138 |
| Ending Inventory $ | 0 | 793500 | 0 |
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Oak Electronics produces a wireless home lighting device that allows consumers to turn on home lights...
Dynatech Electronics produces a wireless home lighting device that allows consumers to turn on home lights...
Dynatech Electronics produces a wireless home lighting device that allows consumers to turn on home lights from their cars and light a safe path into and through their homes. Information on the first three years of business is as follows: Total 42,000 42,000 Units sold Units produced Fixed production costs Variable production costs per unit Selling price per unit Fixed selling and administrative expense 2017 14,000 14,000 $612,500 $149 $240 $222,800 2018 14,000 17,500 $612,500 $149 $240 $222,800 2019 14,000...
Problem 5-1 Richetti Electronics produces a wireless home lighting device that allows consumers to turn on...
Problem 5-1 Richetti Electronics produces a wireless home lighting device that allows consumers to turn on home lights from their cars and light a path into and through their homes. Information on the first three years of business is as follows: Total 72,000 72,000 Units sold Units produced Fixed production costs Variable production costs per unit Selling price per unit Fixed selling and administrative expense 2017 24,000 24,000 $1,020,000 $157 $237 $226,800 2018 24,000 30,000 $1,020,000 $157 $237 $226,800 2019...
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...
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Covington BBQ produces stainless steel propane gas grills. The company has been in operation for three years, and sales have declined each year due to increased competition. The following information is available: 2020 2021 2022 Total Units sold 27.000 23,900 25,600 76,500 Units produced 27,000 27.000 22,500 76,500 Fixed production costs $27,000,000 $27,000,000 $27,000,000 Variable production costs per unit $1.000 $1,000 $1.000 Selling price per unit $2,500 $2,500 $2,500 Fixed selling and administrative expense $3,700,000 $3,700,000 $3,700,000 ро Calculate profit...
Dynatech Electronics produces a wireless home lighting device that allows consumers to turn on home lights from their cars and light a safe path into and through their homes. Information on the first three years of business is as follows: Total 42,000 42,000 Units sold Units produced Fixed production costs Variable production costs per unit Selling price per unit Fixed selling and administrative expense 2017 14,000 14,000 $612,500 $149 $240 $222,800 2018 14,000 17,500 $612,500 $149 $240 $222,800 2019 14,000...
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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...
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