Marketing Scenario B: You are a supplier of a product line. Given the information below, answer...
Marketing Scenario B: You are a supplier of a product line. Given the information below, answer each of the questions asked. You are given the following information (2017 Annual): Price per Unit $25.00 Advertising $15,000 Packaging per unit $ 5.00 Direct Labor per unit $ 8.00 Depreciation $25,000 Royalties per unit $ 2.00 Plant and Equipment $50,000 Total Units Sold 10,000 Your firm’s Total Assets are $400,000 with total equity of $75,000. Using the Contribution Margin PRICE PER UNIT METHOD, make the calculations indicated below (all formulae and calculations must be shown). Convert your Price per Unit Performance Assessment to an Income Statement based on Total Sales. c. Prepare your 2017 Income Statement (based on total Sales)
Homework Answers
royalties are paid to the sales agents along with the sales it is the variable cost
packing is a variable cost
direct labor is variable costs
only advertising and depreciation are the fixed costs
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Marketing Scenario B: You are a supplier of a product line.
Given the information below, answer...
Exercise 3 (25 points) Marketing Scenario for a retailer: You sell a particular product line. Given...
Exercise 3 (25 points) Marketing Scenario for a retailer: You sell a particular product line. Given the information below, answer each of the questions asked. You are given the following information (2017 Annual): Price per Unit $25.00 Advertising $15,000 Packaging per unit $ 5.00 Direct Labor per unit $ 8.00 Depreciation $25,000 Royalties per unit $ 2.00 Plant and Equipment Rent $50,000 Total Units Sold 10,000 Your firm's Total Assets are $400,000 with total equity of $75,000 To answer the...
Help Save & Required information (The following information applies to the questions displayed below.) Phoenix Company's...
Help Save & Required information (The following information applies to the questions displayed below.) Phoenix Company's 2017 master budget included the following fixed budget report. It is based on an expected production and sales volume of 15,000 units. 3.150.000 PHOENIX COMPANY Fixed Budget Report Yor Year Ended December 31, 2017 Sales Cost of goods sold Direct materials $945,000 Direct labor 225,000 Machinery repairs (variable cost) 45,000 Depreciation-plant equipment straight-line) 300.000 Utilities (345,000 8 Variable) 210,000 Plant management salaries 200,000 Gross...
P18-3 Condensed balance sheet and income statement data for Landwehr Corporation appear below and on page...
P18-3 Condensed balance sheet and income statement data for Landwehr Corporation appear below and on page 655. LANDWEHR CORPORATION Balance Sheets December 31 2018 2017 2016 Cash $25,000 50,000 90,000 75,000 400,000 20,000 $18,000 48,000 64,000 45,000 358,000 Accounts receivable (net) Other current assets 45,000 95,000 70,000 Investments Plant and equipment (net) 370,000 $600,000 $ 80,000 $640,000 $ 75,000 80,000 340,000 $533,000 Current liabilities $70,000 50,000 300,000 113,000 Long-term debt Common stock, $10 par Retained earnings 85,000 310,000 145,000 125,000...
Required information [The following information applies to the questions displayed below.] Phoenix Company's 2017 master budget...
Required information [The following information applies to the questions displayed below.] Phoenix Company's 2017 master budget included the following fixed budget report. It is based on an expected production and sales volume of 15,000 units. $3,000,000 $ 930,000 240,000 45,080 330,000 210, oee 180,eee PHOENIX COMPANY Fixed Budget Report For Year Ended December 31, 2017 Sales Cost of goods sold Direct materials Direct labor Machinery repairs (variable cost) Depreciation-Plant equipment (straight- Utilities ($30,000 is variable) Plant management salaries Gross profit...
Base CVP Scenario - Base ALL OTHER Calculations from this set of numbers! Total Per unit...
Base CVP Scenario - Base ALL OTHER Calculations from this set of numbers! Total Per unit Ratio % Sales (20,000 ) $800,000 $40.00 100.00% Variable expenses 500,000 25.00 62.50% Contribution margin 300,000 $15.00 37.50% Fixed expenses 125,000 Net operating income $175,000 (A) Determine the break-even point in sales units Break Even (Units) Formula = ______________ (B) Sales volume increases by 60% and the selling price decreases by $6.00...
thank you Required information The following information applies to the questions displayed below Oslo Company prepared...
thank you
Required information The following information applies to the questions displayed below Oslo Company prepared the following contribution format income statement based on a sales volume of 1,000 units (the relevant range of production is 500 units to 1,500 units): Sales Variable expenses Contribution margin Fixed expenses Net operating income s 75,000 45,000 30,000 22,800 $ 7,200 6. If the selling price increases by $2 per unit and the sales volume decreases by 100 units, what would be the...
15. Your company plans to produce a new product, a wireless computer mouse. Two machianhine i mouse, Machines A and B. The price per mouse will be $25.00 regardless of wh can be used to make the vari...
15. Your company plans to produce a new product, a wireless computer mouse. Two machianhine i mouse, Machines A and B. The price per mouse will be $25.00 regardless of wh can be used to make the variable costs associated with the two machines are shown below. At the expecteda which machine is used. The fixed and much higher or lower will the firm's expected EBIT be if it uses Machine B rather than Machine A, ie., what is EBITB...
Required information [The following information applies to the questions displayed below.] Phoenix Company’s 2017 master budget...
Required information [The following information applies to the
questions displayed below.] Phoenix Company’s 2017 master budget
included the following fixed budget report. It is based on an
expected production and sales volume of 15,000 units. PHOENIX
COMPANY Fixed Budget Report For Year Ended December 31, 2017 Sales
$ 3,150,000 Cost of goods sold Direct materials $ 915,000 Direct
labor 225,000 Machinery repairs (variable cost) 60,000
Depreciation—Plant equipment (straight-line) 315,000 Utilities
($45,000 is variable) 195,000 Plant management salaries 220,000
1,930,000 Gross...
Miller Company's most recent contribution format income statement is shown below: Per Total Total Unit Sales...
Miller Company's most recent contribution format income statement is shown below: Per Total Total Unit Sales (37,000 $296,000 $8.00 units) Variable 185,000 5.00 expenses Contribution $3.00 margin Fixed 44,000 expenses Net operating S 67.000 income Required: Prepare a new contribution format income statement under each of the following conditions (consider each case independently)- (Do not round intermediate calculations. Round your "Per unit" answers to 2 decimal places.) 1. The number of units sold increases by 20%. Miller Company Contribution Income...
Required information [The following information applies to the questions displayed below.] Phoenix Company’s 2017 master budget...
Required information
[The following information applies to the questions
displayed below.]
Phoenix Company’s 2017 master budget included the following fixed
budget report. It is based on an expected production and sales
volume of 15,000 units.
PHOENIX COMPANY
Fixed Budget Report
For Year Ended December 31, 2017
Sales
$
3,000,000
Cost of goods sold
Direct materials
$
975,000
Direct labor
225,000
Machinery repairs (variable cost)
60,000
Depreciation—Plant equipment (straight-line)
300,000
Utilities ($45,000 is variable)
195,000
Plant management salaries
200,000
1,955,000
Gross...
Exercise 3 (25 points) Marketing Scenario for a retailer: You sell a particular product line. Given the information below, answer each of the questions asked. You are given the following information (2017 Annual): Price per Unit $25.00 Advertising $15,000 Packaging per unit $ 5.00 Direct Labor per unit $ 8.00 Depreciation $25,000 Royalties per unit $ 2.00 Plant and Equipment Rent $50,000 Total Units Sold 10,000 Your firm's Total Assets are $400,000 with total equity of $75,000 To answer the...
Help Save & Required information (The following information applies to the questions displayed below.) Phoenix Company's 2017 master budget included the following fixed budget report. It is based on an expected production and sales volume of 15,000 units. 3.150.000 PHOENIX COMPANY Fixed Budget Report Yor Year Ended December 31, 2017 Sales Cost of goods sold Direct materials $945,000 Direct labor 225,000 Machinery repairs (variable cost) 45,000 Depreciation-plant equipment straight-line) 300.000 Utilities (345,000 8 Variable) 210,000 Plant management salaries 200,000 Gross...
P18-3 Condensed balance sheet and income statement data for Landwehr Corporation appear below and on page 655. LANDWEHR CORPORATION Balance Sheets December 31 2018 2017 2016 Cash $25,000 50,000 90,000 75,000 400,000 20,000 $18,000 48,000 64,000 45,000 358,000 Accounts receivable (net) Other current assets 45,000 95,000 70,000 Investments Plant and equipment (net) 370,000 $600,000 $ 80,000 $640,000 $ 75,000 80,000 340,000 $533,000 Current liabilities $70,000 50,000 300,000 113,000 Long-term debt Common stock, $10 par Retained earnings 85,000 310,000 145,000 125,000...
Required information [The following information applies to the questions displayed below.] Phoenix Company's 2017 master budget included the following fixed budget report. It is based on an expected production and sales volume of 15,000 units. $3,000,000 $ 930,000 240,000 45,080 330,000 210, oee 180,eee PHOENIX COMPANY Fixed Budget Report For Year Ended December 31, 2017 Sales Cost of goods sold Direct materials Direct labor Machinery repairs (variable cost) Depreciation-Plant equipment (straight- Utilities ($30,000 is variable) Plant management salaries Gross profit...
thank you
Required information The following information applies to the questions displayed below Oslo Company prepared the following contribution format income statement based on a sales volume of 1,000 units (the relevant range of production is 500 units to 1,500 units): Sales Variable expenses Contribution margin Fixed expenses Net operating income s 75,000 45,000 30,000 22,800 $ 7,200 6. If the selling price increases by $2 per unit and the sales volume decreases by 100 units, what would be the...
15. Your company plans to produce a new product, a wireless computer mouse. Two machianhine i mouse, Machines A and B. The price per mouse will be $25.00 regardless of wh can be used to make the variable costs associated with the two machines are shown below. At the expecteda which machine is used. The fixed and much higher or lower will the firm's expected EBIT be if it uses Machine B rather than Machine A, ie., what is EBITB...
Required information [The following information applies to the
questions displayed below.] Phoenix Company’s 2017 master budget
included the following fixed budget report. It is based on an
expected production and sales volume of 15,000 units. PHOENIX
COMPANY Fixed Budget Report For Year Ended December 31, 2017 Sales
$ 3,150,000 Cost of goods sold Direct materials $ 915,000 Direct
labor 225,000 Machinery repairs (variable cost) 60,000
Depreciation—Plant equipment (straight-line) 315,000 Utilities
($45,000 is variable) 195,000 Plant management salaries 220,000
1,930,000 Gross...
Miller Company's most recent contribution format income statement is shown below: Per Total Total Unit Sales (37,000 $296,000 $8.00 units) Variable 185,000 5.00 expenses Contribution $3.00 margin Fixed 44,000 expenses Net operating S 67.000 income Required: Prepare a new contribution format income statement under each of the following conditions (consider each case independently)- (Do not round intermediate calculations. Round your "Per unit" answers to 2 decimal places.) 1. The number of units sold increases by 20%. Miller Company Contribution Income...
Required information
[The following information applies to the questions
displayed below.]
Phoenix Company’s 2017 master budget included the following fixed
budget report. It is based on an expected production and sales
volume of 15,000 units.
PHOENIX COMPANY
Fixed Budget Report
For Year Ended December 31, 2017
Sales
$
3,000,000
Cost of goods sold
Direct materials
$
975,000
Direct labor
225,000
Machinery repairs (variable cost)
60,000
Depreciation—Plant equipment (straight-line)
300,000
Utilities ($45,000 is variable)
195,000
Plant management salaries
200,000
1,955,000
Gross...
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