Calculation of weighted average contribution margin | |||
Molded briefcase | Leather | Total | |
Sales price | 41 | 91 | |
Variable COGS | 14.95 | ||
Variable Selling expenses | 11.6 | ||
Variable Admin Expenses | 4 | ||
Total variable cost | 30.55 | 37 | |
Contribution margin per unit | 10.45 | 54 | |
Sales Mix | 4 | 1 | 5 |
Contribution margin | 41.8 | 54 | 95.8 |
Weighted average Contribution Margin per unit | 19.16 | ||
Break even units = Total Fixed costs/CM Per unit | |||
=(14,203,800+2,822,550+5,918,250+273,150+546,300)/19.16 | |||
1240294.885 | units | ||
Molded | 992,236 | units | |
Leather | 248,059 | units |
Problem 3-38 (Part Level Submission) Carla Vista Company produces a molded briefcase that is distributed to...
Problem 3-38 (Part Level Submission) Cullumber Company produces a molded briefcase that is distributed to luggage stores. The following operating data for the current year has been accumulated for planning purposes. Sales price $41.00 Variable cost of goods sold 13.00 Variable selling expenses 11.60 Variable administrative expenses 4.00 Annual fixed expenses Overhead $22,315,800 Selling expenses 4,434,550 Administrative expenses 9,298,250 Cullumber can produce 4,291,500 cases a year. The projected net income for the coming year is expected to be $5,149,800. Cullumber...
Problem 3-38 (Part Level Submission) Sunland Company produces a molded briefcase that is distributed to luggage stores. The following operating data for the current year has been accumulated for planning purposes. Sales price $42.00 Variable cost of goods sold 14.00 Variable selling expenses 12.60 Variable administrative expenses 5.00 Annual fixed expenses Overhead $22,261,200 Selling expenses 4,423,700 Administrative expenses 9,275,500 Sunland can produce 4,281,000 cases a year. The projected net income for the coming year is expected to be $5,137,200. Sunland...
Problem 3-38 (Part Level Submission) Sunland Company produces a molded briefcase that is distributed to luggage stores. The following operating data for the current year has been accumulated for planning purposes. Sales price Variable cost of goods sold Variable selling expenses Variable administrative expenses $42.00 14.00 12.60 5.00 Annual fixed expenses Overhead Selling expenses Administrative expenses $22,261,200 4,423,700 9,275,500 Sunland can produce 4,281,000 cases a year. The projected net income for the coming year is expected to be $5,137,200. Sunland...
Current Attempt in Progress Blossom Company produces a molded briefcase that is distributed to luggage stores. The following operating data for the current year has been accumulated for planning purposes. $34 10 Sales price Variable cost of goods sold Variable selling expenses Variable administrative expenses 9.0 3 Annual fixed expenses Overhead Selling expenses Administrative expenses $9,672,000 2,046,000 3,906,000 Blossom can produce Unresolved million cases a year. The projected net income for the coming year is expected to be $Unresolved million....
3-35 Target income; CVP analysis (CMA adapted) (LO 2, 3) Kipmar Company produces a molded briefcase that is distributed to luggage stores. The following operating data for the current year has been accumulated for planning purposes. $ 40.00 12.00 10.60 3.00 Sales price Variable cost of goods sold Variable selling expenses Variable administrative expenses Annual fixed expenses Overhead T Selling expenses Administrative expenses $7,800,000 1,550,000 3,250,000 Kipmar can produce 1.5 million cases a year. The projected net income for the...
How do I solve (a2)?
Blossom Company produces a molded briefcase that is distributed to luggage stores. The following operating data for the current year has been accumulated for planning purposes. Sales price Variable cost of goods sold Variable selling expenses Variable administrative expenses $34 10 9.0 3 Annual fixed expenses Overhead Selling expenses Administrative expenses $9,672,000 2,046,000 3,906,000 Blossom can produce 1,860,000 million cases a year. The projected net income for the coming year is expected to be $2,232,000...
please help me answer part a2 by 10pm tonight. thank
you!!
Sunland Company produces a molded briefcase that is distributed to luggage stores. The following operating data for the current year has been accumulated for planning purposes. $34 Sales price Variable cost of goods sold Variable selling expenses Variable administrative expenses 10 9.0 3 Annual fixed expenses Overhead Selling expenses Administrative expenses $9.048,000 1.914,000 3,654,000 Sunland can produce 1,740,000 million cases a year. The projected net income for the coming...
The condensed income statement for the Carla Vista and Paul
partnership for 2020 is as follows.
Carla Vista and Paul Company
Income Statement
For the Year Ended December 31, 2020
Sales (270,000 units)
$1,350,000
Cost of goods sold
900,000
Gross profit
450,000
Operating expenses
Selling
$270,000
Administrative
189,000
459,000
Net loss
$(9,000
)
A cost behavior analysis indicates that 75% of the cost of goods
sold are variable, 42% of the selling expenses are variable, and
40% of the administrative...
Expand Your Critical Thinking 18-02 The condensed income statement for the Carla Vista and Paul partnership for 2020 is as follows. Carla Vista and Paul Company Income Statement For the Year Ended December 31, 2020 Sales (270,000 units) $1,350,000 Cost of goods sold 900,000 Gross profit 450,000 Operating expenses Selling $270,000 Administrative 189,000 459,000 Net loss $(9,000 ) A cost behavior analysis indicates that 75% of the cost of goods sold are variable, 42% of the selling expenses are variable,...
Problem 18-4A a-b (Part Level Submission) (Video) Carla Vista Corp.'s sales slumped badly in 2020. For the first time in its history, it operated at a loss. The company's income statement showed the following results from selling 585,500 units of product: sales $2,927,500, total costs and expenses $3,036,000, and net loss $108,500. Costs and expenses consisted of the amounts shown below. Cost of goods sold Selling expenses Administrative expenses Total $2,497,340 292,750 245,910 $3,036,000 Variable $1,920,440 107,732 79,628 $2,107,800 Fixed...