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Problem 2: XYZ-MOTORCYCLES plans to produce another type of motorcycles (motorcycle type B). The estimated costs...
product at a level of 12,000 $32 16. The estimated unit costs for a company to...
product at a level of 12,000 $32 16. The estimated unit costs for a company to produce and sell a product at a level units per month are as follows: Cost Item Estimated Unit Cost Direct material Direct labor Variable manufacturing overhead Fixed manufacturing overhead Variable selling expenses Fixed selling expenses What are the estimated variable costs per unit? A. $70 B. $38 C. $67 D. $52 E. $18 17. Laner Company has the following data for the production and...
XYZ had sales of $10,000 (100 units at $100 per). Manufacturing costs consisted of direct labor...
XYZ had sales of $10,000 (100 units at $100 per). Manufacturing costs consisted of direct labor $1,500, direct materials $1,000, variable factory overhead $1,100, and fixed factory overhead $500. Selling expenses totaled $1,500 ($500 variable and $1,000 fixed), and administrative expenses totaled $1,600 ($410 variable and $1,190 fixed). Operating income was $2,800. Round all final answers to nearest dollar or whole number. What is the break-even point in sales dollars and in units if the fixed factory overhead increased by...
Direct Materials Fixed Manufacturing overhead costs Sales Price Variable Manufacturing overhead Direct labor Fixed marketing and...
Direct Materials Fixed Manufacturing overhead costs Sales Price Variable Manufacturing overhead Direct labor Fixed marketing and administrative costs Units produced and sold Variable marketing and administrative cost $25 per unit $157,000 $85 per unit $14 per unit $22 per unit $112,000 20,000 $7 per unit Calculate the contribution margin.
XYZ Company manufactures a unique device that is used by internet users to boost Wi-fi signals....
XYZ Company manufactures a unique device that is used by internet users to boost Wi-fi signals. The following data relates to the first month of operation: Beginning inventory 0 units Units produced 40,000 units Units sold 35,000 units Selling price $120 per unit Marketing and administrative expenses Variable marketing and administrative expenses per unit $4 Fixed marketing and administrative expenses per month $1,120,000 Manufacturing costs Direct materials cost per unit $30 Direct labor cost per unit $14 Variable manufacturing overhead...
Direct materials Fixed manufacturing overhead costs Sales price Variable manufacturing overhead Direct labor Fixed marketing and...
Direct materials Fixed manufacturing overhead costs Sales price Variable manufacturing overhead Direct labor Fixed marketing and administrative costs Units produced and sold Variable marketing and administrative costs 35 per unit 225,000 190 per unit 20 per unit 30 per unit $ 185,000 $ 5,000 $ 8 per unit Required: a. Prepare a gross margin income statement. b. Prepare a contribution margin income statement. Complete this question by entering your answers in the tabs below. Required A Required B Prepare a...
Question 1: Question 2: Required information [The following information applies to the questions displayed below.) Madrid...
Question 1:
Question 2:
Required information [The following information applies to the questions displayed below.) Madrid Corporation has compiled the following information from the accounting system for the one product it sells. $ 630 per unit $ 140,400 $ 164,700 Sales price Fixed costs (for the month) Marketing and administrative Manufacturing overhead Variable costs (per unit) Marketing and administrative Direct materials Manufacturing overhead Direct labor Units produced and sold (for the month) $ 26 $ 180 $ 26 110 2,700...
Goshford Company produces a single product and has capacity to produce 140,000 units per month. Costs...
Goshford Company produces a single product and has capacity to produce 140,000 units per month. Costs to produce its current sales of 112,000 units follow. The regular selling price of the product is $136 per unit. Management is approached by a new customer who wants to purchase 28,000 units of the product for $79.20 per unit. If the order is accepted, there will be no additional fixed manufacturing overhead and no additional fixed selling and administrative expenses. The customer is...
Goshford Company produces a single product and has capacity to produce 185,000 units per month. Costs to produce its current sales of 148,000 units follow. The regular selling price of the product is...
Goshford Company produces a single product and has capacity to produce 185,000 units per month. Costs to produce its current sales of 148,000 units follow. The regular selling price of the product is $148 per unit. Management is approached by a new customer who wants to purchase 37,000 units of the product for $80.10 per unit. If the order is accepted, there will be no additional fixed manufacturing overhead and no additional fixed selling and administrative expenses. The customer is...
Goshford Company produces a single product and has capacity to produce 130,000 units per month. Costs...
Goshford Company produces a single product and has capacity to produce 130,000 units per month. Costs to produce its current sales of 104,000 units follow. The regular selling price of the product is $130 per unit. Management is approached by a new customer who wants to purchase 26,000 units of the product for $78.30 per unit. If the order is accepted, there will be no additional fixed manufacturing overhead and no additional fixed selling and administrative expenses. The customer is...
Pickle Motorcycles, Inc. (PMI), manufactures three motorcycle models: a cruising bike (Route 66), a street bike...
Pickle Motorcycles, Inc. (PMI), manufactures three motorcycle models: a cruising bike (Route 66), a street bike (Main Street), and a starter model (Alley Cat). Because of the different materials used, production processes for each model differ significantly in terms of machine types and time requirements. Once parts are produced, however, assembly time per unit required for each type of bike is similar. For this reason, PMI allocates overhead on the basis of machine-hours. Last year, the company shipped 1,100 Route...
product at a level of 12,000 $32 16. The estimated unit costs for a company to produce and sell a product at a level units per month are as follows: Cost Item Estimated Unit Cost Direct material Direct labor Variable manufacturing overhead Fixed manufacturing overhead Variable selling expenses Fixed selling expenses What are the estimated variable costs per unit? A. $70 B. $38 C. $67 D. $52 E. $18 17. Laner Company has the following data for the production and...
Direct Materials Fixed Manufacturing overhead costs Sales Price Variable Manufacturing overhead Direct labor Fixed marketing and administrative costs Units produced and sold Variable marketing and administrative cost $25 per unit $157,000 $85 per unit $14 per unit $22 per unit $112,000 20,000 $7 per unit Calculate the contribution margin.
Direct materials Fixed manufacturing overhead costs Sales price Variable manufacturing overhead Direct labor Fixed marketing and administrative costs Units produced and sold Variable marketing and administrative costs 35 per unit 225,000 190 per unit 20 per unit 30 per unit $ 185,000 $ 5,000 $ 8 per unit Required: a. Prepare a gross margin income statement. b. Prepare a contribution margin income statement. Complete this question by entering your answers in the tabs below. Required A Required B Prepare a...
Question 1:
Question 2:
Required information [The following information applies to the questions displayed below.) Madrid Corporation has compiled the following information from the accounting system for the one product it sells. $ 630 per unit $ 140,400 $ 164,700 Sales price Fixed costs (for the month) Marketing and administrative Manufacturing overhead Variable costs (per unit) Marketing and administrative Direct materials Manufacturing overhead Direct labor Units produced and sold (for the month) $ 26 $ 180 $ 26 110 2,700...
Goshford Company produces a single product and has capacity to produce 140,000 units per month. Costs to produce its current sales of 112,000 units follow. The regular selling price of the product is $136 per unit. Management is approached by a new customer who wants to purchase 28,000 units of the product for $79.20 per unit. If the order is accepted, there will be no additional fixed manufacturing overhead and no additional fixed selling and administrative expenses. The customer is...
Goshford Company produces a single product and has capacity to produce 185,000 units per month. Costs to produce its current sales of 148,000 units follow. The regular selling price of the product is $148 per unit. Management is approached by a new customer who wants to purchase 37,000 units of the product for $80.10 per unit. If the order is accepted, there will be no additional fixed manufacturing overhead and no additional fixed selling and administrative expenses. The customer is...
Goshford Company produces a single product and has capacity to produce 130,000 units per month. Costs to produce its current sales of 104,000 units follow. The regular selling price of the product is $130 per unit. Management is approached by a new customer who wants to purchase 26,000 units of the product for $78.30 per unit. If the order is accepted, there will be no additional fixed manufacturing overhead and no additional fixed selling and administrative expenses. The customer is...
Pickle Motorcycles, Inc. (PMI), manufactures three motorcycle models: a cruising bike (Route 66), a street bike (Main Street), and a starter model (Alley Cat). Because of the different materials used, production processes for each model differ significantly in terms of machine types and time requirements. Once parts are produced, however, assembly time per unit required for each type of bike is similar. For this reason, PMI allocates overhead on the basis of machine-hours. Last year, the company shipped 1,100 Route...
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