Homework Answers
1. x axis of CVP graph represent is sales volume so the answer is unit volume not sales revenue
answer :unit volume
2. Usually plotted as horizontal line on CVP graph is fixed asset
answer :Fixed expences
SO Step 2. Plot the total expense on the graph Part 1 of 3 0 5...
SO Step 2. Plot the total expense on the graph Part 1 of 3 0 5 10 15 20 25 30 35 40 45 535 Value in Car Cart Sold 30 1:51 / 1.51 1x CC 1 Knowledge Check 01 What is represented on the X axis of a cost-volume-profit (CVP) graph? points Skipped eBook O Sales revenue O Fixed cost O Unit volume O Variable cost Print References Knowledge Check 02 What is usually plotted as a horizontal line...
Exercise 2-2 (Static) Prepare a Cost-Volume-Profit (CVP) Graph [LO2-2] [The following information applies to the questions...
Exercise 2-2 (Static) Prepare a Cost-Volume-Profit (CVP) Graph [LO2-2] [The following information applies to the questions displayed below.] Karlik Enterprises distributes a single product whose selling price is $24 per unit and whose variable expense is $18 per unit. The company’s monthly fixed expense is $24,000. Exercise 2-2 (Static) Part 1 Required: 1. Prepare a cost-volume-profit graph for the company up to a sales level of 8,000 units. (Use the line tool to draw three lines (Total Sales Revenue, Fixed...
Part 10 of 15 Required information The Foundational 15 (LO6-1, LO6-3, LO6-4, LO6-5, LO6-€ LO6-8] [The...
Part 10 of 15 Required information The Foundational 15 (LO6-1, LO6-3, LO6-4, LO6-5, LO6-€ LO6-8] [The following information applies to the questions displayed bel. 1.33 points Oslo Company prepared the following contribution format income statement based on a sales volume of 1,000 units (the relevant ra production is 500 units to 1,500 units): o % 02:19:53 eBook Sales Variable expenses Contribution margin Fixed expenses Net operating income $ 25,000 17,500 7,500 4,200 3,300 Ask ooo 09. Print Foundational 6-10 10....
Check my work Exercise 08-3 Preparing flexible budgets LO P1 Tempo Company's fixed budget (based on...
Check my work Exercise 08-3 Preparing flexible budgets LO P1 Tempo Company's fixed budget (based on sales of 14,000 units) for the first quarter reveals the following Skipped Fixed Budget $2,814,000 $322,000 602,000 392,000 122,000 eBook 1,430.000 1,376,000 Sales (14,000 units * $201 per unit) Cost of goods sold Direct materials Direct labor Production supplies Plant manager salary Gross profit Selling expenses Sales commissions Packaging Advertising Administrative expenses Administrative salaries Depreciation-office equip. Insurance office rent Income from operations 112,000 210,000...
3 ! Part 1 of 2 Required information Exercise 6-16 Working with a Segmented Income Statement;...
3 ! Part 1 of 2 Required information Exercise 6-16 Working with a Segmented Income Statement; Break-Even Analysis (LO6-4, LO6-5] [The following information applies to the questions displayed below.) 5 points Raner, Harris & Chan is a consulting firm that specializes in information systems for medical and dental clinics. The firm has two offices-one in Chicago and one in Minneapolis. The firm classifies the direct costs of consulting jobs as variable costs. A contribution format segmented income statement for the...
Check my work 1 Problem 8-1 A newly formed firm must decide on a plant location....
Check my work 1 Problem 8-1 A newly formed firm must decide on a plant location. There are two alternatives under consideration: locate near the major raw materials or locate near the major customers. Locating near the raw materials will result in lower fixed and variable costs than locating near the market, but the owners believe there would be a loss in sales volume because customers tend to favor local suppliers. Revenue per unit will be $173 in either case....
Chapter 12F6 Saved Part 11 of 15 Required information The Foundational 15 [LO12-2, LO12-3, LO12-4, LO12-5,...
Chapter 12F6 Saved Part 11 of 15 Required information The Foundational 15 [LO12-2, LO12-3, LO12-4, LO12-5, LO12-6) The following information applies to the questions displayed below.) points Cane Company manufactures two products called Alpha and Beta that sell for $150 and $110, respectively. Each product uses only one type of raw material that costs $5 per pound. The company has the capacity to annually produce 108,000 units of each product. Its average cost per unit for each product at this...
eBook Calculator Break-Even Chart Name the following chart, and identify the items represented by the letters...
eBook Calculator Break-Even Chart Name the following chart, and identify the items represented by the letters (a) through (: $200,000 5150,000 Sales and Costs $100,000 d $50,000 10,000 20,000 30.000 40.000 50,000 60,000 70.000 80,000 90,000 100.000 Units of Sales Name the chart pictured above. cost-volume-proflt chantv Identify the tems represented by the letters Cho My Won O → c $ * 8 % & 7 9 6 ssignment/ eBook Show Me How Calculator Margin of Safety . If Canace...
Exercise 5-11 Missing Data; Basic CVP Concepts [LO5-1, LO5-9) 10 points Fill in the missing amounts...
Exercise 5-11 Missing Data; Basic CVP Concepts [LO5-1, LO5-9) 10 points Fill in the missing amounts in each of the eight case situations below. Each case is independent of the others. (Hint: One way t the missing amounts would be to prepare a contribution format income statement for each case, enter the known data, and th compute the missing items.) 02:04:50 Required: a. Assume that only one product is being sold in each of the four following case situations: b....
Lab Math Pear... Login to WebSTAR Dashboard o Mail-cm3069@m... Youlube o Other Bookmark Chapter 6 Assignment...
Lab Math Pear... Login to WebSTAR Dashboard o Mail-cm3069@m... Youlube o Other Bookmark Chapter 6 Assignment i Saved Help Save & Exit Submit Check my work Heather Hudson makes stuffed teddy bears. Recent information for her business follows: $ points Selling price per bear Total fixed cost per month Variable cost per bear 35.50 1,480.00 16.50 Skipped She sells 450 bears this month. eBook Suppose sales increase by 30 percent next month. Calculate the effect that increase will have on...
SO Step 2. Plot the total expense on the graph Part 1 of 3 0 5 10 15 20 25 30 35 40 45 535 Value in Car Cart Sold 30 1:51 / 1.51 1x CC 1 Knowledge Check 01 What is represented on the X axis of a cost-volume-profit (CVP) graph? points Skipped eBook O Sales revenue O Fixed cost O Unit volume O Variable cost Print References Knowledge Check 02 What is usually plotted as a horizontal line...
Part 10 of 15 Required information The Foundational 15 (LO6-1, LO6-3, LO6-4, LO6-5, LO6-€ LO6-8] [The following information applies to the questions displayed bel. 1.33 points Oslo Company prepared the following contribution format income statement based on a sales volume of 1,000 units (the relevant ra production is 500 units to 1,500 units): o % 02:19:53 eBook Sales Variable expenses Contribution margin Fixed expenses Net operating income $ 25,000 17,500 7,500 4,200 3,300 Ask ooo 09. Print Foundational 6-10 10....
Check my work Exercise 08-3 Preparing flexible budgets LO P1 Tempo Company's fixed budget (based on sales of 14,000 units) for the first quarter reveals the following Skipped Fixed Budget $2,814,000 $322,000 602,000 392,000 122,000 eBook 1,430.000 1,376,000 Sales (14,000 units * $201 per unit) Cost of goods sold Direct materials Direct labor Production supplies Plant manager salary Gross profit Selling expenses Sales commissions Packaging Advertising Administrative expenses Administrative salaries Depreciation-office equip. Insurance office rent Income from operations 112,000 210,000...
3 ! Part 1 of 2 Required information Exercise 6-16 Working with a Segmented Income Statement; Break-Even Analysis (LO6-4, LO6-5] [The following information applies to the questions displayed below.) 5 points Raner, Harris & Chan is a consulting firm that specializes in information systems for medical and dental clinics. The firm has two offices-one in Chicago and one in Minneapolis. The firm classifies the direct costs of consulting jobs as variable costs. A contribution format segmented income statement for the...
Check my work 1 Problem 8-1 A newly formed firm must decide on a plant location. There are two alternatives under consideration: locate near the major raw materials or locate near the major customers. Locating near the raw materials will result in lower fixed and variable costs than locating near the market, but the owners believe there would be a loss in sales volume because customers tend to favor local suppliers. Revenue per unit will be $173 in either case....
Chapter 12F6 Saved Part 11 of 15 Required information The Foundational 15 [LO12-2, LO12-3, LO12-4, LO12-5, LO12-6) The following information applies to the questions displayed below.) points Cane Company manufactures two products called Alpha and Beta that sell for $150 and $110, respectively. Each product uses only one type of raw material that costs $5 per pound. The company has the capacity to annually produce 108,000 units of each product. Its average cost per unit for each product at this...
eBook Calculator Break-Even Chart Name the following chart, and identify the items represented by the letters (a) through (: $200,000 5150,000 Sales and Costs $100,000 d $50,000 10,000 20,000 30.000 40.000 50,000 60,000 70.000 80,000 90,000 100.000 Units of Sales Name the chart pictured above. cost-volume-proflt chantv Identify the tems represented by the letters Cho My Won O → c $ * 8 % & 7 9 6 ssignment/ eBook Show Me How Calculator Margin of Safety . If Canace...
Exercise 5-11 Missing Data; Basic CVP Concepts [LO5-1, LO5-9) 10 points Fill in the missing amounts in each of the eight case situations below. Each case is independent of the others. (Hint: One way t the missing amounts would be to prepare a contribution format income statement for each case, enter the known data, and th compute the missing items.) 02:04:50 Required: a. Assume that only one product is being sold in each of the four following case situations: b....
Lab Math Pear... Login to WebSTAR Dashboard o Mail-cm3069@m... Youlube o Other Bookmark Chapter 6 Assignment i Saved Help Save & Exit Submit Check my work Heather Hudson makes stuffed teddy bears. Recent information for her business follows: $ points Selling price per bear Total fixed cost per month Variable cost per bear 35.50 1,480.00 16.50 Skipped She sells 450 bears this month. eBook Suppose sales increase by 30 percent next month. Calculate the effect that increase will have on...
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