Integration Exercise 2 Different Costs for Different Purposes, Cost-Volume-Profit-Relationships Hixson Company manufactures and sells one product...
Integration Exercise 2 Different Costs for Different Purposes, Cost-Volume-Profit-Relationships
Hixson Company manufactures and sells one product for $34 per unit. The company maintains no beginning or ending inventories and its relevant range of production is 20,000 units to 30,000 units. When Hixson produces and sells 25,000 units, its unit costs are as follows:
| Amount Per Unit |
||
| Direct materials | $ | 8.00 |
| Direct labor | $ | 5.00 |
| Variable manufacturing overhead | $ | 1.00 |
| Fixed manufacturing overhead | $ | 6.00 |
| Fixed selling expense | $ | 3.50 |
| Fixed administrative expense | $ | 2.50 |
| Sales commissions | $ | 4.00 |
| Variable administrative expense | $ | 1.00 |
Required:
1. For financial accounting purposes, what is the total amount of product costs incurred to make 25,000 units? What is the total amount of period costs incurred to sell 25,000 units?
2. If 24,000 units are produced, what is the variable manufacturing cost per unit produced? What is the average fixed manufacturing cost per unit produced? (Round your answers to 2 decimal places.)
3. If 26,000 units are produced, what is the variable manufacturing cost per unit produced? What is the average fixed manufacturing cost per unit produced? (Round your answers to 2 decimal places.)
4. If 27,000 units are produced, what are the total amounts of direct and indirect manufacturing costs incurred to support this level of production?
5. What total incremental manufacturing cost will Hixson incur if it increases production from 25,000 to 25,001 units? (Round your answer to 2 decimal places.)
6. What is Hixson’s contribution margin per unit? What is its contribution margin ratio? (Round "Contribution margin per unit" to 2 decimal places and "Contribution margin ratio" to 1 decimal place.)
7. What is Hixson’s break-even point in unit sales? What is its break-even point in dollar sales? (Do not round your intermediate values.)
8. How much will Hixson’s net operating income increase if it can grow production and sales from 25,000 units to 26,500 units?
9. What is Hixson’s margin of safety at a sales volume of 25,000 units? (Do not round your intermediate values.)
10. What is Hixson’s degree of operating leverage at a sales volume of 25,000 units? (Round your answer to 1 decimal places.)
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Integration Exercise 2 Different Costs for Different Purposes,
Cost-Volume-Profit-Relationships
Hixson Company manufactures and sells one product...
Item 7 Item 7 10 points Hixson Company manufactures and sells one product for $34 per...
Item 7 Item 7 10 points Hixson Company manufactures and sells one product for $34 per unit. The company maintains no beginning or ending inventories and its relevant range of production is 20,000 units to 30,000 units. When Hixson produces and sells 25,000 units, its unit costs are as follows: Amount Per Unit Direct materials $ 8.00 Direct labor $ 5.00 Variable manufacturing overhead $ 1.00 Fixed manufacturing overhead $ 6.00 Fixed selling expense $ 3.50 Fixed administrative expense $...
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Hixson Company manufactures and sells one product for $34 per unit. The company maintains no beginning...
Hixson Company manufactures and sells one product for $34 per unit. The company maintains no beginning or ending inventories and its relevant range of production is 20,000 units to 30,000 units. When Hixson produces and sells 25,000 units, its unit costs are as follows: Direct materials Direct labor Variable manufacturing overhead Fixed manufacturing overhead Fixed selling expense Fixed administrative expense Sales commissions Variable administrative expense Amount Per Unit $8.00 $5.00 $1.00 $6.00 $3.50 $2.50 $4.00 $1.00 Required: 1. For financial...
Hixson Company manufactures and sells one product for $34 per unit. The company maintains no beginning...
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Hixson Company manufactures and sells one product for $34 per unit. The company maintains no beginning...
Hixson Company manufactures and sells one product for $34 per unit. The company maintains no beginning or ending inventories and its relevant range of production is 20,000 units to 30,000 units. When Hixson produces and sells 25,000 units, its unit costs are as follows: Direct materials Direct labor Variable manufacturing overhead Fixed manufacturing overhead Fixed selling expense Fixed administrative expense Sales commissions Variable administrative expense Amount Per Unit $8.00 $5.00 $1.00 $6.00 $3.50 $2.50 $4.00 $1.00
Can you help me answer what I have blank? With Steps please We were unable to...
Can you help me answer what I have blank? With Steps please
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2. For financial accounting purposes, what is the total amount of period costs incurred to sell...
2. For financial accounting purposes, what is the total amount
of period costs incurred to sell 10,000 units?
3. If 8,000 units are produced and sold, what is the variable
cost per unit produced and sold?
4. If 8,000 units are produced and sold, what is the total
amount of variable costs related to the units produced and
sold?
5. If the selling price is $22.60 per unit, what is the
contribution margin per unit?
Required information [The following information...
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Hixson Company manufactures and sells one product for $34 per unit. The company maintains no beginning or ending inventories and its relevant range of production is 20,000 units to 30,000 units. When Hixson produces and sells 25,000 units, its unit costs are as follows: Direct materials Direct labor Variable manufacturing overhead Fixed manufacturing overhead Fixed selling expense Fixed administrative expense Sales commissions Variable administrative expense Amount Per Unit $8.00 $5.00 $1.00 $6.00 $3.50 $2.50 $4.00 $1.00 Required: 1. For financial...
Hixson Company manufactures and sells one product for $34 per unit. The company maintains no beginning or ending inventories and its relevant range of production is 20,000 units to 30,000 units. When Hixson produces and sells 25,000 units, its unit costs are as follows: Direct materials Direct labor Variable manufacturing overhead Fixed manufacturing overhead Fixed selling expense Fixed administrative expense Sales commissions Variable administrative expense Amount Per Unit $8.00 $5.00 $1.00 $6.00 $3.50 $2.50 $4.00 $1.00 Required: 1. For financial...
Jackson Company manufactures and sells one product for $34 per unit. The company maintains no beginning or ending inventories and its relevant range of production is 20,000 to 30,000 units. When Jackson produces and sells 25,000 units, its unit costs are as follows: Per Unit Amount $8.00 $5.00 Direct materials Direct labor $1.00 $6.00 $3.50 $2.50 Variable manufacturing overhead Fixed manufacturing overhead Fixed selling expense Fixed administrative expense $4.00 $1.00 Sales commissions Variable administrative expense Required: 1. For financial accounting...
Hixson Company manufactures and sells one product for $34 per unit. The company maintains no beginning or ending inventories and its relevant range of production is 20,000 units to 30,000 units. When Hixson produces and sells 25,000 units, its unit costs are as follows: Direct materials Direct labor Variable manufacturing overhead Fixed manufacturing overhead Fixed selling expense Fixed administrative expense Sales commissions Variable administrative expense Amount Per Unit $8.00 $5.00 $1.00 $6.00 $3.50 $2.50 $4.00 $1.00
Can you help me answer what I have blank? With Steps please
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Saxbury Corporation's relevant range of activity is 3,000 units to 7000 units. When it produces and sells 5,700 units, its average costs per unit are as follows: Average Cost per Unit Direct materials $5.60 $ 3.70 $1.90 $3.80 $.85 $.70 s.60 Direct labor Variable manufacturing overhead Fixed manufacturing overhead Fixed selling expense Fixed administrative expense Sales commissions Variable administrative expense $ 0.60 Required: a. For financlal reporting purposes, what is the total amount of product costs incurred to make 5,700...
1)
2)
Required information Cost Classifications (Algo) The following information applies to the questions displayed below.) Kubin Company's relevant range of production is 29,000 to 33,000 units. When it produces and sells 31,000 units, its average costs per unit are as follows: Direct materials Direct labor Variable manufacturing overhead Fixed manufacturing overhead Fixed selling expense Fixed administrative expense Sales commissions Variable administrative expense Average Cost per Unit $8.90 $5.90 $3.40 $6.90 $5.40 $4.40 $2.90 $2.40 Exercise 1-9 (Algo) Fixed, Variable,...
2. For financial accounting purposes, what is the total amount
of period costs incurred to sell 10,000 units?
3. If 8,000 units are produced and sold, what is the variable
cost per unit produced and sold?
4. If 8,000 units are produced and sold, what is the total
amount of variable costs related to the units produced and
sold?
5. If the selling price is $22.60 per unit, what is the
contribution margin per unit?
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