During FY 2019, Dorchester Company plans to sell Widgets for $13 a unit. Current variable costs...
During FY 2019, Dorchester Company plans to sell Widgets for $13 a unit. Current variable costs are $4 a unit and fixed costs are expected to total of $144,000. Use this information to determine the dollar value of sales for Dorchester to breakeven. (Round to the nearest whole dollar)
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During FY 2019, Dorchester Company plans to sell Widgets for $13
a unit. Current variable costs...
During FY 2016, Bravo Company sold 16,000 units for $84,000. Bravo had $2.75 variable costs per unit...
During FY 2016, Bravo Company sold 16,000 units for $84,000. Bravo had $2.75 variable costs per unit sold. Bravo also reported $28,000 of fixed costs. Use this information to determine FY 2016: 1. Contribution Margin per unit 2. Breakeven in Units 3. Breakeven in Total Sales (Round any total dollar value to the nearest whole dollar & enter as whole dollars only. Round any unit dollar value to the nearest penny & enter with both dollar(s) & cents. Round any unit non-dollar decimal...
Question'7 The following financial information is for Annapolis Corporation are for the fiscal years ending 2019...
Question'7 The following financial information is for Annapolis Corporation are for the fiscal years ending 2019 & 2018 (all balances are normal): Item/Account 2019 2018 Accounts Receivable $36,000 $32,000 Inventor 42,000 38,000 Net Sales (all credit) 390,000 350,000 Cost of Goods Sold 154,000 152,000 Net Income 27.200 24,800 Use this information to determine the accounts receivable average collection period for FY 2019. (Use 365 day vear. Round your answers to one decimal place.) Question S8 Towson Manufacturing had a Work...
Ocean City Kite Company sells kites for $9.00 per kite. In FY 2019, total fixed costs...
Ocean City Kite Company sells kites for $9.00 per kite. In FY 2019, total fixed costs are expected to be $240,000 and variable costs are estimated at $3.00 a unit. Ocean City Kite Company wants to have a FY 2019 operating income of $90,000. Use this information to determine the number of units of kites that Ocean City Kite Company must sell in FY 2019 to meet this goal. (Round your answer to a whole number)
During FY 2018, Adelphi Company reported sales of $400,000, a contribution margin of $9.00 per unit,...
During FY 2018, Adelphi Company reported sales of $400,000, a contribution margin of $9.00 per unit, fixed costs of $50,000, and net income of $35,000. Use this information to determine the number of units Adelphi sold during FY 2018. (Round answer to nearest whole number)
Zoom Company produces widgets. The widgets are sold for $3.00 per unit to wholesalers. Unit variable...
Zoom Company produces widgets. The widgets are sold for $3.00 per unit to wholesalers. Unit variable cost are 60%. For the year 2019, management estimates the following revenues and costs. $ Sales Direct materials Direct labor Manufacturing overhead-variable Manufacturing overhead-fixed Selling expenses - variable Selling expenses - fixed SGA expenses - Variable SGA expenses- fixed 2,500,000 630,000 560,000 350,000 480,000 80,000 85,000 40,000 100,000 5 Instructions: 6 (a) Compute the contribution margin ratio. (Round to the nearest full percent.) Instructions:...
IHG Company produces widgets. The widgets are sold for $2.00 per unit to wholesalers Unit variable...
IHG Company produces widgets. The widgets are sold for $2.00 per unit to wholesalers Unit variable cost are 60 % . For the year 2019, management estimates the following revenues and costs Selling expenses Selling expenses SGA expenses V SGA expenses- fix Sales Direct materials 70,000 75,000 30,000 1.100.000 530,000 460,000 Direct labor Manufacturing overhead- variable Manufacturing overhead -fixed 400,000 80,000 380,000 Instructions: (a) Compute the contribution margin ratio. (Round to the nearest full percent.) Compute the break-even point in...
A company will sell Widgets to consumers at a price of $102 per unit. The variable...
A company will sell Widgets to consumers at a price of $102 per unit. The variable cost to produce Widgets is $50 per unit. The company expects to sell 17,000 Widgets to consumers each year. The fixed costs incurred each year will be $190,000. There is an initial investment to produce the goods of $2,500,000 which will be depreciated straight line over the 13 year life of the investment to a salvage value of $0. The opportunity cost of capital...
March 1, 201, Dorchester Company's beginning work in process inventory had 8,000 units. This is its...
March 1, 201, Dorchester Company's beginning work in process inventory had 8,000 units. This is its only production department. Beginning WIP units were 50% complete as to conversion costs. Dorchester introduces direct materials at the beginning of the production process. During March, all beginning WIP was completed and an additional 19,500 units were started and completed. Dorchester also started but did not complete 7,500 units. These units remained in ending WIP inventory and were 70% complete as to conversion costs. Dorchester...
March 1, 201, Dorchester Company's beginning work in process inventory had 8,000 units. This is its...
March 1, 201, Dorchester Company's beginning work in process inventory had 8,000 units. This is its only production department. Beginning WIP units were 50% complete as to conversion costs. Dorchester introduces direct materials at the beginning of the production process. During March, all beginning WIP was completed and an additional 12,500 units were started and completed. Dorchester also started but did not complete 9,500 units. These units remained in ending WIP inventory and were 60% complete as to conversion costs....
March 1, 201, Dorchester Company's beginning work in process inventory had 10,000 units. This is its...
March 1, 201, Dorchester Company's beginning work in process inventory had 10,000 units. This is its only production department. Beginning WIP units were 50% complete as to conversion costs. Dorchester introduces direct materials at the beginning of the production process. During March, all beginning WIP was completed and an additional 19,500 units were started and completed. Dorchester also started but did not complete 5,500 units. These units remained in ending WIP inventory and were 70% complete as to conversion costs....
Question'7 The following financial information is for Annapolis Corporation are for the fiscal years ending 2019 & 2018 (all balances are normal): Item/Account 2019 2018 Accounts Receivable $36,000 $32,000 Inventor 42,000 38,000 Net Sales (all credit) 390,000 350,000 Cost of Goods Sold 154,000 152,000 Net Income 27.200 24,800 Use this information to determine the accounts receivable average collection period for FY 2019. (Use 365 day vear. Round your answers to one decimal place.) Question S8 Towson Manufacturing had a Work...
Zoom Company produces widgets. The widgets are sold for $3.00 per unit to wholesalers. Unit variable cost are 60%. For the year 2019, management estimates the following revenues and costs. $ Sales Direct materials Direct labor Manufacturing overhead-variable Manufacturing overhead-fixed Selling expenses - variable Selling expenses - fixed SGA expenses - Variable SGA expenses- fixed 2,500,000 630,000 560,000 350,000 480,000 80,000 85,000 40,000 100,000 5 Instructions: 6 (a) Compute the contribution margin ratio. (Round to the nearest full percent.) Instructions:...
IHG Company produces widgets. The widgets are sold for $2.00 per unit to wholesalers Unit variable cost are 60 % . For the year 2019, management estimates the following revenues and costs Selling expenses Selling expenses SGA expenses V SGA expenses- fix Sales Direct materials 70,000 75,000 30,000 1.100.000 530,000 460,000 Direct labor Manufacturing overhead- variable Manufacturing overhead -fixed 400,000 80,000 380,000 Instructions: (a) Compute the contribution margin ratio. (Round to the nearest full percent.) Compute the break-even point in...
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