Please show steps and include all work, thank you! Will give a very good rating
Homework Answers
Case 1
Sale Price per Unit = Total Sales / Units Sold
Sale Price per Unit = 360,000 / 20,000
Sale Price = $ 18 per Unit
Variable Costs = $ 9.90
Variable Cost % = Variable Cost per Unit / Sale Price per Unit * 100
Variable Costs % = 9.9 / 18 * 100
Variable Costs % = 55%
Contribution Margin per Unit = Sales Price per Unit - Variable Cost per Unit
Contribution Margin per Unit = 18 - 9.90
Contribution Margin per Unit = $ 8.1
Total Variable Cost for 20,000 Units = 20,000 Units * Variable Cost per Unit
Total Variable Costs = 20,000 * 9.9
Total Variable Costs = $ 198,000
Fixed Costs = Total Sales - Total Variable Costs - Net Income
Fixed Costs = 360,000 - 198,000 - 40,000
Fixed Costs = $ 122,000
Case 2
Total Sales = Units Sold * Sales Price per Unit
Total Sales = 78,000 * $ 62 per Unit
Total Sales = $ 48,36,000
Total Control Margin = Total Fixed Costs + Net Income
Total Contribution Margin = 18,76,543 + 12,66,857
Total Contribution Margin = $ 31,43,400
Contribution Margin per Unit Sold = Total Contribution Margin / Units Sold
Contribution Margin per Unit Sold = 31,43,400 / 78,000
Contribution Margin per Unit Sold = $ 40.30
Variable Cost per Unit = Sales Price per Unit - Contribution Margin per Unit Sold
Variable Cost per Unit = 62 - 40.30
Variable Cost per Unit = $ 21.70
Case 3
Total Contribution Margin = Total Fixed Costs + Net Loss
Total Contribution Margin = 10,50,000 + (172,500)
Total Contribution Margin = $ 877,500
Number of Units Sold = Total Contribution Margin / Contribution Margin per Unit Sold
Number of Units Sold = 877,500 / 195
Number of Units Sold = 4,500 Units
Variable Costs per Unit Sold = Total Variable Costs / Number of Units Sold
Variable Cost per Unit Sold = 247,500 / 4,500
Variable Cost per Unit Sold = $ 55
Sales Price per Unit = Contribution Margin per Unit + Variable Cost per Unit
Sales Price per Unit = 195 + 55
Sales Price per Unit =$ 250 per Unit
Total Sales = 4,500 Units * Sales Price per Unit
Total Sales = 4,500 * $ 250
Total Sales = $ 11,25,000
Contribution Margin Percentage = Total Contribution / Total Sales * 100
Contribution Margin Percentage = 877,500 / 11,25,000 * 100
Contribution Margin Percentage = 78%
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Problem...
Consider each of the following situations independently. Fill in the blanks with the appropriate information. 3. Total...
Consider each of the following situations independently. Fill in the blanks with the appropriate information. 3. Total Variable Cost Number of Units Sold Contribution Margin Percentage Contribution Margin per Unit Total Fixed Costs Selling Price per Unit Net Income/ (Loss) $247,500 $195.00 $1,050,000 ($172,500)
Please show and include all work, will give a very good rating L Problem 2 Cleveland...
Please show and include all work, will give a very good
rating
L Problem 2 Cleveland Browns Company is analyzing its CVP relationships for product Football. Company accountants have accumulated the following monthly information: Per Unit Units 50,000 Sales $ 1,250,000 $ 25.00 Variable Costs 600,000 $ 12.00 Contribution Margin 650,000 $ 13.00 Fixed Costs 481,000 Net Income $ 169,000 Fill in the following table. Show your work and highlight your answer for each item. Break-Even Sales in Units: Margin...
E5-16 Calculating Contribution Margin and Contribution Ratio, Preparing Contribution Margin Income Statement [LO 5-5] Riverside Inc....
E5-16 Calculating Contribution Margin and Contribution Ratio, Preparing Contribution Margin Income Statement [LO 5-5] Riverside Inc. makes one model of wooden canoe. Partial information for it follows: 550 750 900 Number of Canoes Produced and Sold Total costs Variable costs Fixed costs Total costs Cost per unit Variable cost per unit Fixed cost per unit Total cost per unit $107,250 247,500 $354,750 $ 146,250 247,500 $ 393,750 $ 175,500 247,500 $423,000 $ $ 195.00 450.00 $ 645.00 195.00 330.00 525.00...
Problem 1 – Consider each of the following situations independently. Fill in the blanks with the appropriate...
Problem 1 – Consider each of the following situations independently. Fill in the blanks with the appropriate information. 1. Units Sold Total Sales Variable Cost Percentage Variable Cost per Unit Contribution Margin per Unit Total Fixed Costs Net Income/ (Loss) 20,000 $360,000 $9.90 $40,000
i am having trouble with these fill in the blanks osts . indirect prin pena.rs Ex:...
i am having trouble with these fill in the blanks
osts . indirect prin pena.rs Ex: supplies, Inventory cost, sales commissions Varble cost percentage per-unit variable cost divided by selling price, or total variable costs divided by total sales Accounting 2220 Quiz #1 Due: Friday, February 7, 2020 in Class Name Class Time Problem: Consider each of the following situations independently. Fill in the banks with the appropriate information Variable Cost Selling Price per Unit $222.00 Number of Units Sold...
Consider each of the following situations independently. Fill in the blanks with the appropriate information. 2. Total...
Consider each of the following situations independently. Fill in the blanks with the appropriate information. 2. Total Sales Number of Units Sold Selling Price per Unit Variable Cost Per Unit Total Fixed Costs Total Contribution Margin Net Income/ (Loss) 78,000 $62.00 $1,876,543 $1,266,857
E5-19 (Algo) Calculating Contribution Margin and Contribution Ratio, Preparing Contribution Margin Income Statement [LO 5-5) Riverside...
E5-19 (Algo) Calculating Contribution Margin and Contribution Ratio, Preparing Contribution Margin Income Statement [LO 5-5) Riverside Inc. makes one model of wooden canoe. Partial information for it follows: 550 750 900 Number of Canoes Produced and Sold Total costs Variable costs Fixed costs Total costs Cost per unit Variable cost per unit Fixed cost per unit Total cost per unit $107,250 247,500 $354,750 $ 146,250 247,500 $ 393,750 $175,500 247,500 $423,000 $ 195.00 450.00 $ 645.00 $ 195.00 $ 195....
Problem 11-2 Bramble Company bottles and distributes B-Lite, a diet soft drink. The beverage is sold...
Problem 11-2
Bramble Company bottles and distributes B-Lite, a diet soft drink.
The beverage is sold for 50 cents per 16-ounce bottle to retailers,
who charge customers 75 cents per bottle. For the year 2017,
management estimates the following revenues and costs.
Sales
$1,840,000
Selling expenses—variable
$60,000
Direct materials
390,000
Selling expenses—fixed
55,000
Direct labor
320,000
Administrative expenses—variable
34,000
Manufacturing overhead—variable
300,000
Administrative expenses—fixed
46,000
Manufacturing overhead—fixed
417,000
Prepare a CVP income statement for 2017 based on management’s
estimates.
BRAMBLE...
Packer Company, which has only one product, has provided the following data concerning its most recent...
Packer Company, which has only one product, has provided the following data concerning its most recent month of operations: Selling price $ 95 Units in beginning inventory 350 Units produced 2,100 Units sold 1,720 Units in ending inventory 730 Variable cost per unit: Direct materials $ 24 Direct labor $ 21 Variable manufacturing overhead $ 1 Variable selling and administrative $ 13 Fixed costs: Fixed manufacturing overhead $ 52,500 Fixed selling and administrative $ 5,160 The company produces the same...
Can someone please explain where did the 270,000 net income and 45000 units at price 58...
Can someone please explain where did the 270,000 net income and
45000 units at price 58 came from. I read the explanation but didnt
find it helpful at all.
Thank you.
Minden Company introduced a new product last year for which it is trying to find an optimal selling price. Marketing studies suggest that the company can increase sales by 5,000 units for each $2 reduction in the selling price. The company's present selling price is $70 per unit, and...
Please show and include all work, will give a very good
rating
L Problem 2 Cleveland Browns Company is analyzing its CVP relationships for product Football. Company accountants have accumulated the following monthly information: Per Unit Units 50,000 Sales $ 1,250,000 $ 25.00 Variable Costs 600,000 $ 12.00 Contribution Margin 650,000 $ 13.00 Fixed Costs 481,000 Net Income $ 169,000 Fill in the following table. Show your work and highlight your answer for each item. Break-Even Sales in Units: Margin...
E5-16 Calculating Contribution Margin and Contribution Ratio, Preparing Contribution Margin Income Statement [LO 5-5] Riverside Inc. makes one model of wooden canoe. Partial information for it follows: 550 750 900 Number of Canoes Produced and Sold Total costs Variable costs Fixed costs Total costs Cost per unit Variable cost per unit Fixed cost per unit Total cost per unit $107,250 247,500 $354,750 $ 146,250 247,500 $ 393,750 $ 175,500 247,500 $423,000 $ $ 195.00 450.00 $ 645.00 195.00 330.00 525.00...
i am having trouble with these fill in the blanks
osts . indirect prin pena.rs Ex: supplies, Inventory cost, sales commissions Varble cost percentage per-unit variable cost divided by selling price, or total variable costs divided by total sales Accounting 2220 Quiz #1 Due: Friday, February 7, 2020 in Class Name Class Time Problem: Consider each of the following situations independently. Fill in the banks with the appropriate information Variable Cost Selling Price per Unit $222.00 Number of Units Sold...
E5-19 (Algo) Calculating Contribution Margin and Contribution Ratio, Preparing Contribution Margin Income Statement [LO 5-5) Riverside Inc. makes one model of wooden canoe. Partial information for it follows: 550 750 900 Number of Canoes Produced and Sold Total costs Variable costs Fixed costs Total costs Cost per unit Variable cost per unit Fixed cost per unit Total cost per unit $107,250 247,500 $354,750 $ 146,250 247,500 $ 393,750 $175,500 247,500 $423,000 $ 195.00 450.00 $ 645.00 $ 195.00 $ 195....
Problem 11-2
Bramble Company bottles and distributes B-Lite, a diet soft drink.
The beverage is sold for 50 cents per 16-ounce bottle to retailers,
who charge customers 75 cents per bottle. For the year 2017,
management estimates the following revenues and costs.
Sales
$1,840,000
Selling expenses—variable
$60,000
Direct materials
390,000
Selling expenses—fixed
55,000
Direct labor
320,000
Administrative expenses—variable
34,000
Manufacturing overhead—variable
300,000
Administrative expenses—fixed
46,000
Manufacturing overhead—fixed
417,000
Prepare a CVP income statement for 2017 based on management’s
estimates.
BRAMBLE...
Can someone please explain where did the 270,000 net income and
45000 units at price 58 came from. I read the explanation but didnt
find it helpful at all.
Thank you.
Minden Company introduced a new product last year for which it is trying to find an optimal selling price. Marketing studies suggest that the company can increase sales by 5,000 units for each $2 reduction in the selling price. The company's present selling price is $70 per unit, and...
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