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Practice Assignment Gradebook ORION Downloadable eTextbook ssignment CES Question 20 Coronado Industries has a new product go
gnment FULL SCH Question 2 Moresan Co. gathered the following information on power costs and factory machine usage for the la
W S PLUS: MywayPLUS Weygandt, Financial & Managerial Accounting, 2e Male Financial & Managerial Accounting actice Assignment
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Answer #1
20 ROI =Net Income / Average operating assets
Net Income =$2,000,000*14% =$280,000
Net Income $2,80,000
Add:Fixed cost $4,50,000
Contribution margin $7,30,000
Add:Variable cost $1,25,000
Sales $8,55,000
Selling price per unit $8.55
($855,000/100,000 units)
So Option A is answer
2 Total Power cost
Machine Hours Power cost
High level of activity                                  17,600 $30,400
Low level of activity                                    8,600 $16,900
Change                                    9,000 $13,500
Variable Power cost per machine hours =$13,500 / 9,000 hours =$1.50 per machine hours
Fixed cost element =$30,400 - (17,600*$1.50)
Fixed cost element =$30,400 - $26,400 =$4,000
Fixed cost element =$16,900 - (8,600*$1.50)
Fixed cost element =$16,900 - $12,900 =$4,000
High Low
Fixed power cost $4,000 $4,000
4 Rent per room $115
Less:Variable costs:
Maid services $31
Other costs $61
Contribution margin per room $23 per room
Contribution margin ratio 20%
Fixed Costs:
Salaries $5,500
Utilities $1,000
Depreciation $1,200
Maintainance $1,868
Total Fixed costs $9,568
Breakeven point
($9,658 / $23) 416 rooms
Breakeven point in dollars
($9,658 / 0.20) $47,840
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