Homework Answers
| Answer to Question 7 | |||||||
| Calculation of firm's operating profit | |||||||
| Sales [1459 units * $25.26] | $36,854.34 | ||||||
| Less : Variable cost [1459 units * $13.50] | $19,696.50 | ||||||
| Contribution Margin | $17,157.84 | ||||||
| Less : Fixed Costs | $11,649.90 | ||||||
| Operating Profit | $5,507.94 | ||||||
| Answer to Question 8 | |||||||
| Firm's operating break even = Fixed costs / Contribution margin % | |||||||
| Contribution margin % = (Selling price per unit - Variable cost per unit)/Selling price per unit = ($26.57 - $11.60)/$26.57 = 56.34% | |||||||
| Firm's operating break even = Fixed costs / Contribution margin % = $11184.90 / 56.34% = $19851.89 | |||||||
| Answer to Question 9 | |||||||
| Calculation of firm's operating profit | |||||||
| Sales [410 units * $30.72] | $12,595.20 | ||||||
| Less : Variable cost [410 units * $13.9] | $5,699.00 | ||||||
| Contribution Margin | $6,896.20 | ||||||
| Less : Fixed Costs | $11,093.10 | ||||||
| Operating Profit / (loss) | -$4,196.90 | ||||||
Add Answer to:
7Next period a firm's variable cost per unit is $13.5, total fixed costs are $11649.9, and...
Given the graphs above, calculate the total fixed costs,variable costs per unit, and sales price...
Given the graphs above, calculate the total fixed costs, variable costs per unit, and sales price for Firm A. Firm B's fixed costs are $120,000, its variable costs per unit are $4, and its sales price is $8 per unit. Round your answers to the nearest cent.Fixed costs: $ Variable costs per unit: $ Sales price per unit: $ Which firm has the higher operating leverage at any given level of sales?A or BAt what sales level, in units, do both firms earn...
Compute the total of variable cost per unit and total fixed cost. Variable Cost per unit Fixed Costs: Utility $12,400...
Compute the total of variable cost per unit and total fixed
cost.
Variable Cost per unit Fixed Costs: Utility $12,400 3.00 Utility 10.50 Rent Direct Materials 36,000 14,000 $ 62,400 Direct Labor 4.50 Depreciation Total 18.00 Total USC has determined that the cost line for Utility Cost is 3x 12,400 y Prepare a C-V-P graph for USC. Use zero units and 7,000 units. Compute sales and total cost at those points Units 7,000 0 Sales Total Cost Include your graph...
Business Costs Product or Period Cost Variable or Fixed Cost Per Unit Cost (Variable) Annual Cost...
Business Costs Product or Period Cost Variable or Fixed Cost Per Unit Cost (Variable) Annual Cost (Fixed) Artist - contract Product Fixed $10,000 Artist - design fee Product Fixed $3,600 Computer/Printer 90% Product Fixed $5,400 Computer/Printer 10% Period Fixed $600 Depreciation - Computer/Printer 90% Product Fixed $1,800 Depreciation - Computer/Printer 10% Period Fixed $200 Depreciation - Heat Press Machine Product Fixed $1,500 Heat Press Machine Product Fixed $4,500 Liability Insurance Period Fixed $3,600 Mall Rent (Manufacutring) 90% Product Fixed $27,000...
6. Assume total fixed costs of $249600, variable costs per unit of $6, and contribution margin...
6. Assume total fixed costs of $249600, variable costs per unit of $6, and contribution margin per unit of $4. What are the sales dollars required to earn a target net income of $78000 assuming a tax rate of 20%? A. $546000 B. $867750 C. $780000 D. $819000 6. Assume a sales price per unit of $20, variable cost per unit $10, and total fixed costs of $16200. If no units are sold, how much cost would the company incur?...
Determine the unit break-even point, assuming fixed costs are $30,000 per period, variable costs are $22.00...
Determine the unit break-even point, assuming fixed costs are $30,000 per period, variable costs are $22.00 per unit, and the sales price is $30.00 per unit. (Round to nearest unit if necessary.) 1,364 6,667 3,750 1,000 There is not enough information to calculate this number.
Exercise 6-13 Changes in Selling Price, Sales Volume, Variable Cost per Unit, and Total Fixed Costs...
Exercise 6-13 Changes in Selling Price, Sales Volume, Variable Cost per Unit, and Total Fixed Costs [LO6-1, LO6-4] Miller Company's contribution format income statement for the most recent month is shown below: Sales (31,000 units) Variable expenses Contribution margin Fixed expenses Net operating income Total $186,000 93,000 93,000 44,000 $ 49,000 Per Unit $6.00 3.00 $3.00 Required: (Consider each case independently): 1. What is the revised net operating income if unit sales increase by 11%? 2. What is the revised...
Exercise 5-13 Changes in Selling Price, Sales Volume, Variable Cost per Unit, and Total Fixed Costs...
Exercise 5-13 Changes in Selling Price, Sales Volume, Variable Cost per Unit, and Total Fixed Costs (LO5-1, LO5-4) Meer Company's contribution format income statement for the most recent month is shown below. Per Unit $10.00 Sales (33.000 nits) Variable expenses Contribution margin Fixed expenses perating con Required: (Consider each case independently 1 What is the revised net operating income funit sales increase by 10%? 2 What is the revised net operating income of the selling price decreases by $150 per...
Exercise 5-13 Changes in Selling Price, Sales Volume, Variable Cost per Unit, and Total Fixed Costs...
Exercise 5-13 Changes in Selling Price, Sales Volume, Variable Cost per Unit, and Total Fixed Costs [LO5-1, LO5-4] Miller Company's contributlon format Income statement for the most recent month is shown below Total Per Unit Sales (37,00e units) Variable expenses $ 333,eee 222,000 $9.ee 6.ee Contrifution margin 111,eee $ 3.00 Fixed expenses 5e,000 Net operating income- 61,e00 Required: (Consider each case independently 1 What is the revised net operating income if unit sales increase by 16%? 2 What is the...
Check Exercise 5-13 Changes in Selling Price, Sales Volume, Variable Cost per Unit, and Total Fixed...
Check Exercise 5-13 Changes in Selling Price, Sales Volume, Variable Cost per Unit, and Total Fixed Costs (LO5-1, LO5.4) Miller Company's contribution format income statement for the most recent month is shown below: Per Unit $10.00 Sales (30,000 units) Variable expenses Contribution margin Fixed expenses Net operating income Total $ 380,000 210,000 90,000 47,eee $ 43,000 $ 3.ee Required: (Consider each case independently 1. What is the revised net operating income if unit sales increase by 13%? 2. What is...
Sales price Fixed costs: S400 per unit per period $72,000 per period $48,000 Marketing and administrative...
Sales price Fixed costs: S400 per unit per period $72,000 per period $48,000 Marketing and administrative Manufacturing overhead Variable costs: Marketing and administrative Manufacturing overhead Direct labour Direct materials $16 per unit S18 per unit $70 per unit S120 per unit 1,200 per period Units produced and sold Required Determine each of the following costs using the information above: 11. Variable manufacturing cost (per unit): 12. Product cost using absorption costing (per unit): 13. Cost of making and selling product...
Compute the total of variable cost per unit and total fixed
cost.
Variable Cost per unit Fixed Costs: Utility $12,400 3.00 Utility 10.50 Rent Direct Materials 36,000 14,000 $ 62,400 Direct Labor 4.50 Depreciation Total 18.00 Total USC has determined that the cost line for Utility Cost is 3x 12,400 y Prepare a C-V-P graph for USC. Use zero units and 7,000 units. Compute sales and total cost at those points Units 7,000 0 Sales Total Cost Include your graph...
Exercise 6-13 Changes in Selling Price, Sales Volume, Variable Cost per Unit, and Total Fixed Costs [LO6-1, LO6-4] Miller Company's contribution format income statement for the most recent month is shown below: Sales (31,000 units) Variable expenses Contribution margin Fixed expenses Net operating income Total $186,000 93,000 93,000 44,000 $ 49,000 Per Unit $6.00 3.00 $3.00 Required: (Consider each case independently): 1. What is the revised net operating income if unit sales increase by 11%? 2. What is the revised...
Exercise 5-13 Changes in Selling Price, Sales Volume, Variable Cost per Unit, and Total Fixed Costs (LO5-1, LO5-4) Meer Company's contribution format income statement for the most recent month is shown below. Per Unit $10.00 Sales (33.000 nits) Variable expenses Contribution margin Fixed expenses perating con Required: (Consider each case independently 1 What is the revised net operating income funit sales increase by 10%? 2 What is the revised net operating income of the selling price decreases by $150 per...
Exercise 5-13 Changes in Selling Price, Sales Volume, Variable Cost per Unit, and Total Fixed Costs [LO5-1, LO5-4] Miller Company's contributlon format Income statement for the most recent month is shown below Total Per Unit Sales (37,00e units) Variable expenses $ 333,eee 222,000 $9.ee 6.ee Contrifution margin 111,eee $ 3.00 Fixed expenses 5e,000 Net operating income- 61,e00 Required: (Consider each case independently 1 What is the revised net operating income if unit sales increase by 16%? 2 What is the...
Check Exercise 5-13 Changes in Selling Price, Sales Volume, Variable Cost per Unit, and Total Fixed Costs (LO5-1, LO5.4) Miller Company's contribution format income statement for the most recent month is shown below: Per Unit $10.00 Sales (30,000 units) Variable expenses Contribution margin Fixed expenses Net operating income Total $ 380,000 210,000 90,000 47,eee $ 43,000 $ 3.ee Required: (Consider each case independently 1. What is the revised net operating income if unit sales increase by 13%? 2. What is...
Sales price Fixed costs: S400 per unit per period $72,000 per period $48,000 Marketing and administrative Manufacturing overhead Variable costs: Marketing and administrative Manufacturing overhead Direct labour Direct materials $16 per unit S18 per unit $70 per unit S120 per unit 1,200 per period Units produced and sold Required Determine each of the following costs using the information above: 11. Variable manufacturing cost (per unit): 12. Product cost using absorption costing (per unit): 13. Cost of making and selling product...
Most questions answered within 3 hours.
-
An infinite sheet of charge that has a surface charge density of
39 nC/m2 lies in...
asked 32 minutes ago -
After watching the lectures I am still having a hard time
understanding these equations.
1. The...
asked 1 hour ago -
Testing:
H0:μ=56.9
H1:μ<56.9
Your sample consists of 23 subjects, with a mean of 56.3 and
standard...
asked 1 hour ago -
straight wire, labeled as Wire A, lies horizontally on a
tabletop and is oriented to run...
asked 1 hour ago -
For a Chi-Squared Goodness of Fit Test about a uniform
distribution, complete the table.
Round to...
asked 2 hours ago -
Milk of magnesia is only slightly soluble in water. Kc for the
reaction Mg(OHs)(s)>Mg2+(a) + 2OH-1(aq)...
asked 2 hours ago -
Excel's HYPGEOM.DIST function can be used to compute _____.
a. both hypergeometric probabilities and cumulative
hypergeometric...
asked 2 hours ago -
The rocket used for the human lunar missions was the Saturn V
rocket. At liftoff the...
asked 2 hours ago -
1. The East Street Bagel Shop has a weekly demand for 3,500
bagels, which they make...
asked 2 hours ago -
paraphrasing each paragraph
“Where two or more persons knowingly act together unlawfully,
the act of each...
asked 2 hours ago -
The lateral line system in fish is contained which of the
following?
chemoreceptors
photoreceptors
mechanoreceptors
odor...
asked 2 hours ago -
Find the y-intercept of y =-5 x. The y-intercept of y equals
negative 5 x is______...
asked 2 hours ago