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(C)! 116-29. Contribution Income Statement, Cost-Volume-Profit Graph, and Taxes Jail and Sail: Alcatraz Tour and Cruise...
Problems P16-28. Profit Planning with Taxes Carron Net Company manufactures sports nets for virtually every outdoor...
Problems P16-28. Profit Planning with Taxes Carron Net Company manufactures sports nets for virtually every outdoor sport. Assume Carron sells nets for $50, on average, per unit. Last year, the company manufactured and sold 30,000 nets to obtain an after-tax profit of $275,000. Variable and fixed costs follow. LO3 Carron Net Company Variable Costs per Unit Manufacturing. Selling and administrative Total Fixed Costs per Year $20 Manufacturing.. 4 Selling and administrative. $24 Total $232,250 204,000 $436,250 Required a. Determine the...
Required a. Prepare a contribution income statement for June. b. Determine NYT’s monthly break-even point in...
Required
a. Prepare a contribution income statement for June.
b. Determine NYT’s monthly break-even point in units.
c. Determine NYT’s margin of safety for June 2017.
d. Determine the unit sales required for a monthly after-tax
profit of $15,000.
e. Prepare a cost-volume-profit graph. Label the horizontal axis
in units with a maximum value of
4,000. Label the vertical in dollars with a maximum value of
$300,000. Draw a vertical line on
the graph for the current (3,000) unit level...
Contribution Margin, Break-Even Sales, Cost-Volume-Profit Graph, and Operating Leverage Organic Health Care Products Inc. expects to...
Contribution Margin, Break-Even Sales, Cost-Volume-Profit Graph, and Operating Leverage Organic Health Care Products Inc. expects to maintain the same inventories at the end of 2048 as at the beginning of the year. The total of all production costs for the year is therefore assumed to be equal to the cost of goods sold. With this in mind, the various department heads were asked to submit estimates of the costs for their departments during 2018. A summary report of these estimates...
The following diagram is a cost-volume-profit graph for a manufacturing company: 4 o The formula to...
The following diagram is a cost-volume-profit graph for a manufacturing company: 4 o The formula to determine the Y-axis value ($) at point D on the graph is Oa. Fixed costs/Unit contribution margin. Ob. Fixed costs/Contribution margin ratio. Oc. Fixed costs + (Variable costs per unit x Number of units). Od. EXY - BEX.
Break-Even Sales and Cost-Volume-Profit Graph For the coming year, Bernardino Company anticipates a unit selling price...
Break-Even Sales and Cost-Volume-Profit Graph For the coming year, Bernardino Company anticipates a unit selling price of $144, a unit variable cost of $72, and fixed costs of $640,800. Instructions: 1. Compute the anticipated break-even sales in units. units 2. Compute the sales (units) required to realize operating income of $244,800. units 3. Construct a cost-volume-profit graph on paper, assuming maximum sales of 17,800 units within the relevant range. From your chart, indicate whether each of the following sales levels...
please answer all 4 multiple choice questions In a cost-volume-profit graph, the total cost line meets...
please
answer all 4 multiple choice questions
In a cost-volume-profit graph, the total cost line meets the Y (vertical) axis at the: a. variable cost per unit point. b. total sales revenues point. c. total fixed costs point. d. total mixed costs point. Which of the following equations is used to calculate the degree of operating leverage? a. Degree of Operating Leverage = Operating Income / Total Contribution Margin b. Degree of Operating Leverage = Total Fixed Cost / Operating...
Break-Even Sales and Cost-Volume-Profit Graph For the coming year, Bernardino Company anticipates a unit selling price...
Break-Even Sales and Cost-Volume-Profit Graph For the coming year, Bernardino Company anticipates a unit selling price of $140, a unit variable cost of $70, and fixed costs of $735,000. Instructions: 1. Compute the anticipated break-even sales in units. _________________ units 2. Compute the sales (units) required to realize operating income of $322,000. _________________ units 3. Construct a cost-volume-profit graph on paper, assuming maximum sales of 21,000 units within the relevant range. From your chart, indicate whether each of the following...
Time-Adjusted Cost-Volume-Profit Analysis with Income Taxes Honeydukes Treat Shop is considering the desirability of producing a...
Time-Adjusted Cost-Volume-Profit Analysis with Income Taxes Honeydukes Treat Shop is considering the desirability of producing a new chocolate candy called Pleasure Bombs. Before purchasing the new equipment required to manufacture Pleasure Bombs, Neville Long, the shop's proprietor performed the following analysis: $2.23 1.73 $0.50 Unit selling price Variable manufacturing and selling costs Unit contribution margin Annual fixed costs Depreciation (straight-line for 4 years) Other (all cash) Total $23,000 45,000 $68,000 Annual break-even sales volume = $68,000 / $0.50 = 136,000...
Time-Adjusted Cost-Volume-Profit Analysis with Income Taxes Honeydukes Treat Shop is considering the desirability of producing a...
Time-Adjusted Cost-Volume-Profit Analysis with Income Taxes Honeydukes Treat Shop is considering the desirability of producing a new chocolate candy called Pleasure Bombs. Before purchasing the new equipment required to manufacture Pleasure Bombs, Neville Long, the shop's proprietor performed the following analysis: $2.23 1.73 $0.50 Unit selling price Variable manufacturing and selling costs Unit contribution margin Annual fixed costs Depreciation (straight-line for 4 years) Other (all cash) Total $23,000 45,000 $68,000 Annual break-even sales volume = $68,000 / $0.50 = 136,000...
Contribution Margin, Break-Even Sales, Cost-Volume-Profit Chart, Margin of Safety, and Operating Leverage Belmain Co. expects to...
Contribution Margin, Break-Even Sales, Cost-Volume-Profit Chart, Margin of Safety, and Operating Leverage Belmain Co. expects to maintain the same inventories at the end of 20Y7 as at the beginning of the year. The total of all production costs for the year is therefore assumed to be equal to the cost of goods sold. With this in mind, the various department heads were asked to submit estimates of the costs for their departments during the year. A summary report of these...
Problems P16-28. Profit Planning with Taxes Carron Net Company manufactures sports nets for virtually every outdoor sport. Assume Carron sells nets for $50, on average, per unit. Last year, the company manufactured and sold 30,000 nets to obtain an after-tax profit of $275,000. Variable and fixed costs follow. LO3 Carron Net Company Variable Costs per Unit Manufacturing. Selling and administrative Total Fixed Costs per Year $20 Manufacturing.. 4 Selling and administrative. $24 Total $232,250 204,000 $436,250 Required a. Determine the...
Required
a. Prepare a contribution income statement for June.
b. Determine NYT’s monthly break-even point in units.
c. Determine NYT’s margin of safety for June 2017.
d. Determine the unit sales required for a monthly after-tax
profit of $15,000.
e. Prepare a cost-volume-profit graph. Label the horizontal axis
in units with a maximum value of
4,000. Label the vertical in dollars with a maximum value of
$300,000. Draw a vertical line on
the graph for the current (3,000) unit level...
Contribution Margin, Break-Even Sales, Cost-Volume-Profit Graph, and Operating Leverage Organic Health Care Products Inc. expects to maintain the same inventories at the end of 2048 as at the beginning of the year. The total of all production costs for the year is therefore assumed to be equal to the cost of goods sold. With this in mind, the various department heads were asked to submit estimates of the costs for their departments during 2018. A summary report of these estimates...
The following diagram is a cost-volume-profit graph for a manufacturing company: 4 o The formula to determine the Y-axis value ($) at point D on the graph is Oa. Fixed costs/Unit contribution margin. Ob. Fixed costs/Contribution margin ratio. Oc. Fixed costs + (Variable costs per unit x Number of units). Od. EXY - BEX.
please
answer all 4 multiple choice questions
In a cost-volume-profit graph, the total cost line meets the Y (vertical) axis at the: a. variable cost per unit point. b. total sales revenues point. c. total fixed costs point. d. total mixed costs point. Which of the following equations is used to calculate the degree of operating leverage? a. Degree of Operating Leverage = Operating Income / Total Contribution Margin b. Degree of Operating Leverage = Total Fixed Cost / Operating...
Time-Adjusted Cost-Volume-Profit Analysis with Income Taxes Honeydukes Treat Shop is considering the desirability of producing a new chocolate candy called Pleasure Bombs. Before purchasing the new equipment required to manufacture Pleasure Bombs, Neville Long, the shop's proprietor performed the following analysis: $2.23 1.73 $0.50 Unit selling price Variable manufacturing and selling costs Unit contribution margin Annual fixed costs Depreciation (straight-line for 4 years) Other (all cash) Total $23,000 45,000 $68,000 Annual break-even sales volume = $68,000 / $0.50 = 136,000...
Time-Adjusted Cost-Volume-Profit Analysis with Income Taxes Honeydukes Treat Shop is considering the desirability of producing a new chocolate candy called Pleasure Bombs. Before purchasing the new equipment required to manufacture Pleasure Bombs, Neville Long, the shop's proprietor performed the following analysis: $2.23 1.73 $0.50 Unit selling price Variable manufacturing and selling costs Unit contribution margin Annual fixed costs Depreciation (straight-line for 4 years) Other (all cash) Total $23,000 45,000 $68,000 Annual break-even sales volume = $68,000 / $0.50 = 136,000...
Contribution Margin, Break-Even Sales, Cost-Volume-Profit Chart, Margin of Safety, and Operating Leverage Belmain Co. expects to maintain the same inventories at the end of 20Y7 as at the beginning of the year. The total of all production costs for the year is therefore assumed to be equal to the cost of goods sold. With this in mind, the various department heads were asked to submit estimates of the costs for their departments during the year. A summary report of these...
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