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Lola Inc. produces a product with the following revenue and cost structure Selling price Variable cost...
Mark: 19 (1 point for each question) 1) The unemployment rate is high in the city...
Mark: 19 (1 point for each question) 1) The unemployment rate is high in the city in which a company has a factory. The company finds that they are able to pay new employees a lower wage per hour than when the unemployment rate was lower a year ago. Which variance is directly impacted? A) Materials price variance B) Materials efficiency variance C) Labour price variance D) Labour efficiency variance 2) Thomas Corporation produces stopwatches. According to company standards, it...
CC Corp estimated the following financial data, for the 2020 production budget: Sales of 122,000 units...
CC Corp estimated the following financial data, for the 2020 production budget: Sales of 122,000 units Sales price of $40 per unit Variable expenses of $9.90 per unit Fixed costs of $3,050,000 for the year At year end, actual sales data and costs were: Sales of 125,000 units Sales price of $38 per unit Variable expenses of $10.50 per unit Fixed costs of $3,000,000 for the year Create an Income Statement Performance Report, including favourable/unfavourable ratings for all Flex Budget...
CC Corp estimated the following financial data, for the 2020 production budget: Sales of 122,000 units...
CC Corp estimated the following financial data, for the 2020 production budget: Sales of 122,000 units Sales price of $40 per unit Variable expenses of $9.90 per unit Fixed costs of $3,050,000 for the year At year end, actual sales data and costs were: Sales of 125,000 units Sales price of $38 per unit Variable expenses of $10.50 per unit Fixed costs of $3,000,000 for the year Create an Income Statement Performance Report, including favourable/unfavourable ratings for all Flex Budget...
CC Corp estimated the following financial data, for the 2020 production budget: Sales of 122,000 units...
CC Corp estimated the following financial data, for the 2020 production budget: Sales of 122,000 units Sales price of $40 per unit Variable expenses of $9.90 per unit Fixed costs of $3,050,000 for the year At year end, actual sales data and costs were: Sales of 125,000 units Sales price of $38 per unit Variable expenses of $10.50 per unit Fixed costs of $3,000,000 for the year Create an Income Statement Performance Report, including favourable/unfavourable ratings for all Flex Budget...
nome re-sales. it earns revenue from selling fees. Fougere Realtors' major costs are commissions for salespersons,...
nome re-sales. it earns revenue from selling fees. Fougere Realtors' major costs are commissions for salespersons, listing agents, and listing companies. Its business has g ' 'eart013, "' spec' alles . . improved steadily over the last ten years. As usual, Chris Fougere, the managing partner of Fougere Realtors, Inc., received a report summarizing the performance for the most recent year. Fougere Realtors, Inc. Performance Report For the year ended December 31,2007 Required: a) Explain the major weakness of this...
QUESTION 1 (40 points) CC Corp estimated the following financial data, for the 2020 production budget:...
QUESTION 1 (40 points) CC Corp estimated the following financial data, for the 2020 production budget: Sales of 122,00o units Sales price of $40 per unit Variable expenses of $9.90 per unit Fixed costs of $3,050,000 for the year At year end, actual sales data and costs were: Sales of 125,000 units Sales price of $38 per unit Variable expenses of $10.50 per unit Fixed costs of $3,000,000 for the year A. Create an Income Statement Performance Report, including favourable/unfavourable...
Campbell Manufacturing Company established the following standard price and cost data: Sales price Variable manufacturing cost...
Campbell Manufacturing Company established the following standard price and cost data: Sales price Variable manufacturing cost Fixed manufacturing cost Fixed selling and administrative cost $ 8.40 per unit $ 3.40 per unit $2,600 total $ 600 total Campbell planned to produce and sell 2,300 units. Actual production and sales amounted to 2,500 units. Assume that the actual sales price is $8.10 per unit and that the actual variable cost is $3.70 per unit. The actual fixed manufacturing cost is $2,400,...
AB Inc. currently produces a product with the following cost characteristics: Selling price $92 Variable costs...
AB Inc. currently produces a product with the following cost characteristics: Selling price $92 Variable costs – production 34 Variable costs – S&A 20 Total fixed costs $994680 Plant capacity 41322 Current product/sales volume 36840 A customer approaches AB Inc. for a special one-time order to purchase 10851 units at a special price of $76 per unit. No variable selling and administrative costs would be incurred on this special order. What would be the incremental income to AB Inc. if...
AB Inc. currently produces a product with the following cost characteristics: Selling price $99 Variable costs-production...
AB Inc. currently produces a product with the following cost characteristics: Selling price $99 Variable costs-production 32 Variable costs - S&A 15 $925433 Total fixed costs Plant capacity 41678 Current product/sales volume 36782 A customer approaches AB Inc. for a special one-time order to purchase 10269 units at a reduced price No variable selling and administrative costs would be incurred on this special order. What is the minimum acceptable per unit price for this order? Select one: a. $74.21 b....
Questions 8-10 are based on the following revenue and cost structure.: Selling price per unit: Variable...
Questions 8-10 are based on the following revenue and cost structure.: Selling price per unit: Variable cost per unit: S 100 S 40 S12,000 40% Total fixed costs: ax rate on operating income: How much sales revenues must be achieved to earn a target net income of $72,000? a. $72,000 b. S100,000 c.$132,000 d. $220,000 10.
Mark: 19 (1 point for each question) 1) The unemployment rate is high in the city in which a company has a factory. The company finds that they are able to pay new employees a lower wage per hour than when the unemployment rate was lower a year ago. Which variance is directly impacted? A) Materials price variance B) Materials efficiency variance C) Labour price variance D) Labour efficiency variance 2) Thomas Corporation produces stopwatches. According to company standards, it...
nome re-sales. it earns revenue from selling fees. Fougere Realtors' major costs are commissions for salespersons, listing agents, and listing companies. Its business has g ' 'eart013, "' spec' alles . . improved steadily over the last ten years. As usual, Chris Fougere, the managing partner of Fougere Realtors, Inc., received a report summarizing the performance for the most recent year. Fougere Realtors, Inc. Performance Report For the year ended December 31,2007 Required: a) Explain the major weakness of this...
QUESTION 1 (40 points) CC Corp estimated the following financial data, for the 2020 production budget: Sales of 122,00o units Sales price of $40 per unit Variable expenses of $9.90 per unit Fixed costs of $3,050,000 for the year At year end, actual sales data and costs were: Sales of 125,000 units Sales price of $38 per unit Variable expenses of $10.50 per unit Fixed costs of $3,000,000 for the year A. Create an Income Statement Performance Report, including favourable/unfavourable...
Campbell Manufacturing Company established the following standard price and cost data: Sales price Variable manufacturing cost Fixed manufacturing cost Fixed selling and administrative cost $ 8.40 per unit $ 3.40 per unit $2,600 total $ 600 total Campbell planned to produce and sell 2,300 units. Actual production and sales amounted to 2,500 units. Assume that the actual sales price is $8.10 per unit and that the actual variable cost is $3.70 per unit. The actual fixed manufacturing cost is $2,400,...
AB Inc. currently produces a product with the following cost characteristics: Selling price $99 Variable costs-production 32 Variable costs - S&A 15 $925433 Total fixed costs Plant capacity 41678 Current product/sales volume 36782 A customer approaches AB Inc. for a special one-time order to purchase 10269 units at a reduced price No variable selling and administrative costs would be incurred on this special order. What is the minimum acceptable per unit price for this order? Select one: a. $74.21 b....
Questions 8-10 are based on the following revenue and cost structure.: Selling price per unit: Variable cost per unit: S 100 S 40 S12,000 40% Total fixed costs: ax rate on operating income: How much sales revenues must be achieved to earn a target net income of $72,000? a. $72,000 b. S100,000 c.$132,000 d. $220,000 10.
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