Homework Answers
4.In
Cost Volume Profit analysis , the estimated profit at the break
even point is equal to FIXED COST.
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Chapter 21 Cost- Volume Profit Analysis 2. How does assuming that operating activity occurs within a...
Chapter 4 Cost-Volume-Profit Analysis: A Managerial Planning Tool 4-4 In the cost-volume-profit grap a. the break-even...
Chapter 4 Cost-Volume-Profit Analysis: A Managerial Planning Tool 4-4 In the cost-volume-profit grap a. the break-even point is found where the total revenue curve crosses the x-axis. b. the area of profit is to the lett of the break-even point. c. the area of loss cannot be determined. d. both the total revenue curve and the total cost curve appear. e. neither the total revenue curve nor the total cost curve appear. n important assumption of cost-volume-profit analysis is that...
Discussion questions 1,2,4,6,7,14,17 only 1. a: SISO - S100550 2. e: (5150 - $100/S150 = 1...
Discussion questions 1,2,4,6,7,14,17 only
1. a: SISO - S100550 2. e: (5150 - $100/S150 = 1 3. : 575.000/S50 CM per unit 4. 5. : $300,000 - 5 Contribution margin ratio (5400 - $260)/540002 Targeted sales (68.10,000+ $70,0001/0.35 = 52.600 1.500 units Superscript letter AB, or donates assignments based on Appendix 21A, 218 or 27 con denotes assignments that involve decision making The U Discussion Questions 1. What is a variable cost? Identify two variable costs. 2. T When output...
Chapter 3 discusses the concepts of contribution margin, cost-volume-profit analysis, and break-even analysis. Discuss how a...
Chapter 3 discusses the concepts of contribution margin, cost-volume-profit analysis, and break-even analysis. Discuss how a manager might use one of these tools to make informed decisions. As an alternative discussion point, how could you use one of these analysis tools in your personal life?
Which one of the following is not an assumption of cost-volume-profit analysis? The behavior of costs...
Which one of the following is not an assumption of cost-volume-profit analysis? The behavior of costs is linear throughout the relevant range. All costs can be classified as either variable or fixed. Changes in activity and sales mix are the only factors that affect costs. O All units produced are sold.
How would break even and cost volume profit analysis differ in a nonprofit setting as opposed...
How would break even and cost volume profit analysis differ in a nonprofit setting as opposed to a for profit environment? 2. How can cost volume profit analysis be used in nonprofit organizations? Provide at least one hypothetical example. 3. The concept of operating leverage is typically applied to for-profit organizations. How are the key concepts underlying operating leverage (ratio of fixed to variable costs) relevant to nonprofit organizations? In 3-5 sentences, explain the importance of operating leverage to a...
PR 20-6A Contribution margin, break-even sales, cost-volume-profit chart, Obj. 2,3,4,5 margin of safety, and operating leverage...
PR 20-6A Contribution margin, break-even sales, cost-volume-profit chart, Obj. 2,3,4,5 margin of safety, and operating leverage Wolsey Industries Inc. expects to maintain the same inventories at the end of 20Y3 as at the beginning of the year. The total of all production costs for the year is therefore assumed to be equal to the cost of goods sold. With this in mind, the various department heads were asked to submit estimates of the costs for their departments during the year....
Cost-volume-profit (CVP) analysis is a powerful tool for planning and decision making. Thus, CVP analysis emphasized...
Cost-volume-profit (CVP) analysis is a powerful tool for planning and decision making. Thus, CVP analysis emphasized the interrelationships of costs, quantity sold, and price. This analysis is defined as assessment of total revenues, total costs and operating income in response to changes in the volume of sales, the selling price, variable cost or fixed costs of production. The CVP analysis can be a valuable tool in identifying the extent and magnitude of the economic trouble a company is facing and...
Cost-Volume-Profit Chart For the coming year, Cabinet Inc. anticipates fixed costs of $62,000, a unit variable...
Cost-Volume-Profit Chart For the coming year, Cabinet Inc. anticipates fixed costs of $62,000, a unit variable cost of $75, and a unit selling price of $125. The maximum sales within the relevant range are $500,000. a. Construct a cost-volume-profit chart on a sheet of paper. Indicate whether each of the following levels of sales is in the operating profit area, operating loss area, or at the break-even point. 1,000 units 2,000 units $250,000 4,000 units $450,000 b. Estimate the break-even...
Cost behavior and Cost-volume-profit analysis In this discussion, please address the following statements; provole Company and...
Cost behavior and Cost-volume-profit analysis In this discussion, please address the following statements; provole Company and Cheddar Company had the same sales, total costs, and income from operations for the current fiscal year; yet provolone has a lower break-even point than Cheddar. Explain the reason. Assuming Gouda is above the break-even point, what will happen for each unit sale? What are the areas that the company should focus on to ensure that they exceed their break-even points on a consistent...
Break-Even Sales and Cost-Volume-Profit Chart For the coming year, Cleves Company anticipates a unit selling price...
Break-Even Sales and Cost-Volume-Profit Chart For the coming year, Cleves Company anticipates a unit selling price of $142, a unit variable cost of $71, and fixed costs of $418,900. Required: 1. Compute the anticipated break-even sales (units). units 2. Compute the sales (units) required to realize a target profit of $220,100. units 3. Construct a cost-volume-profit chart on paper assuming maximum sales of 11,800 units within the relevant range. From your chart, indicate whether each of the following sales levels...
Chapter 4 Cost-Volume-Profit Analysis: A Managerial Planning Tool 4-4 In the cost-volume-profit grap a. the break-even point is found where the total revenue curve crosses the x-axis. b. the area of profit is to the lett of the break-even point. c. the area of loss cannot be determined. d. both the total revenue curve and the total cost curve appear. e. neither the total revenue curve nor the total cost curve appear. n important assumption of cost-volume-profit analysis is that...
Discussion questions 1,2,4,6,7,14,17 only
1. a: SISO - S100550 2. e: (5150 - $100/S150 = 1 3. : 575.000/S50 CM per unit 4. 5. : $300,000 - 5 Contribution margin ratio (5400 - $260)/540002 Targeted sales (68.10,000+ $70,0001/0.35 = 52.600 1.500 units Superscript letter AB, or donates assignments based on Appendix 21A, 218 or 27 con denotes assignments that involve decision making The U Discussion Questions 1. What is a variable cost? Identify two variable costs. 2. T When output...
Which one of the following is not an assumption of cost-volume-profit analysis? The behavior of costs is linear throughout the relevant range. All costs can be classified as either variable or fixed. Changes in activity and sales mix are the only factors that affect costs. O All units produced are sold.
PR 20-6A Contribution margin, break-even sales, cost-volume-profit chart, Obj. 2,3,4,5 margin of safety, and operating leverage Wolsey Industries Inc. expects to maintain the same inventories at the end of 20Y3 as at the beginning of the year. The total of all production costs for the year is therefore assumed to be equal to the cost of goods sold. With this in mind, the various department heads were asked to submit estimates of the costs for their departments during the year....
Break-Even Sales and Cost-Volume-Profit Chart For the coming year, Cleves Company anticipates a unit selling price of $142, a unit variable cost of $71, and fixed costs of $418,900. Required: 1. Compute the anticipated break-even sales (units). units 2. Compute the sales (units) required to realize a target profit of $220,100. units 3. Construct a cost-volume-profit chart on paper assuming maximum sales of 11,800 units within the relevant range. From your chart, indicate whether each of the following sales levels...
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