Homework Answers
Solution:
1)
Total variable costs 1,600,000
Total fixed costs 587,500
Working:
Variable Fixed
COGS 1,050,000 350,000
Selling exp 240,000 160,000
Administrative Expense 310,000
77,500
1,600,000 587,500
2)
Unit variable cost $25
Unit contribution margin $20
Working:
Variable cost per unit : 1,600,000 / 64,000 units = $25
CM = Selling price - VC per unit = 45-25 = $20
3) Break-even sales (units): 29,375 units
Working:
Break-even sales (units): Fixed cost / CM = 587,500 / 20 =
29,375
4) Break-even sales (units) under the proposed program: 40,000
units
Working:
Break-even sales (units): 587,500 + 212500 / 20 = 40,000 units
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Howard Industries Inc., operating at full capacity, sold 64,000 units at a price of $45 per...
Howard Industries Inc., operating at full capacity, sold 64,000 units at a price of $45 per...
Howard Industries Inc., operating at full capacity, sold 64,000 units at a price of $45 per unit during the current year. Its income statement is as follows Cost of goods sold Gross profit Expenses: $2,880,000 1,400,000 1,480,000 Selling expenses $400,000 387,500 Total expenses.... Income from operations 787,500 692,500 The division of costs between variable and fixed is as follows: Cost of goods sold Selling expenses Administrative expenses Variable 75% 60% 80% Fixed 25% 40% 20% Management is considering a plant...
Break-Even Sales Under Present and Proposed Conditions Howard Industries Inc., operating at full capacity, sold 64,000...
Break-Even Sales Under Present and Proposed Conditions Howard Industries Inc., operating at full capacity, sold 64,000 units at a price of $45 per unit during the current year. Its income statement is as follows: Sales $2,880,000 Cost of goods sold 1,400,000 Gross profit $1,480,000 Expenses: Selling expenses $400,000 Administrative expenses 387,500 Total expenses 787,500 Income from operations $ 692,500 The division of costs between variable and fixed is as follows: Variable Fixed Cost of goods sold 75% 25% Selling expenses...
Howard Industries Inc., operating at full capacity, sold 64,000 units at a price of $45 per...
Howard Industries Inc., operating at full capacity, sold 64,000
units at a price of $45 per unit during 2014. Its income statement
for 2014 is as follows:
The division of costs between variable and fixed is as
follows:
Management is considering a plant expansion program that will
permit an increase of $900,000 in yearly sales. The expansion will
increase
fixed costs by $212,500, but will not affect the relationship
between sales and
variable costs.
Required:
1. Determine the total fixed costs...
Break-Even Sales Under Present and Proposed Conditions Howard Industries Inc., operating at full capacity, sold 64,000...
Break-Even Sales Under Present and Proposed Conditions Howard Industries Inc., operating at full capacity, sold 64,000 units at a price of $45 per unit during the current year. as follows Sales $2.880,000 Cost of goods sold 1,400,000 Gross profit $1,480,000 Expenses: Selling expenses $400,000 Administrative expenses 387,500 Total expenses 787.500 Income from operations $ 692,500 The division of costs between variable and feed is as follows: Variable Fixed Cost of goods sold 75% 25% Selling expenses 40% Administrative 20% expenses...
Show Me How Calculator Break-Even Sales Under Present and Proposed Conditions Howard Industries Inc., operating at...
Show Me How Calculator Break-Even Sales Under Present and Proposed Conditions Howard Industries Inc., operating at full capacity, sold 64,000 units at a price of $45 per unit during the current year. Its income statement is as follows Sales $2,880,000 Cost of goods sold 1.400.000 Gropofit $1.450.000 Expenses $400,000 387,500 Selling expenses Administrative expenses Total expenses Income from operations 787.500 $ 692 500 The division of costs between variable and is as follows: Variable Cost of goods sold 75 Selling...
spotted cow Shopping Bag I REVOLVE Amazon.com1st and 2nd or eBook Page Not Found Mama Show...
spotted cow
Shopping Bag I REVOLVE Amazon.com1st and 2nd or eBook Page Not Found Mama Show Me How Calculator CengageNOWO- Break-Even Sales Under Present and Proposed Conditions Howard Industries Inc., operating at full capacity, sold 64,000 units at a price of $45 per unit during the current year. Its Income statement is as follow Sales $2,880,000 Cost of goods sold 1,400,000 Gross profit $1,480,000 Expenses: Selling expenses $400,000 Administrative expenses 387,500 Total expenses 787,500 Income from operations $ 692,500 The...
Obj. 2, 3 Darby Company, operating at full capacity, sold 500,000 units at a price of...
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Break-Even Sales Under Present and Proposed Conditions Darby Company, operating at full capacity, sold 148,400 units...
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Break-Even Sales Under Present and Proposed Conditions Battonkill Company, operating at full capacity, sold 101,400 units...
Break-Even Sales Under Present and Proposed Conditions Battonkill Company, operating at full capacity, sold 101,400 units at a price of $51 per unit during the current year. Its income statement for the current year is as follows: Sales Cost of goods solod Gross profit Expenses: $5,171,400 1,836,000 $3,335,400 Selling expenses $918,000 Administrative expenses 544,000 Total expenses 1,462,000 Income from operations $1,873,400 The division of costs between fixed and variable is as follows Fixed Variable Cost of goods sold Selling expenses...
Howard Industries Inc., operating at full capacity, sold 64,000 units at a price of $45 per unit during the current year. Its income statement is as follows Cost of goods sold Gross profit Expenses: $2,880,000 1,400,000 1,480,000 Selling expenses $400,000 387,500 Total expenses.... Income from operations 787,500 692,500 The division of costs between variable and fixed is as follows: Cost of goods sold Selling expenses Administrative expenses Variable 75% 60% 80% Fixed 25% 40% 20% Management is considering a plant...
Howard Industries Inc., operating at full capacity, sold 64,000
units at a price of $45 per unit during 2014. Its income statement
for 2014 is as follows:
The division of costs between variable and fixed is as
follows:
Management is considering a plant expansion program that will
permit an increase of $900,000 in yearly sales. The expansion will
increase
fixed costs by $212,500, but will not affect the relationship
between sales and
variable costs.
Required:
1. Determine the total fixed costs...
Break-Even Sales Under Present and Proposed Conditions Howard Industries Inc., operating at full capacity, sold 64,000 units at a price of $45 per unit during the current year. as follows Sales $2.880,000 Cost of goods sold 1,400,000 Gross profit $1,480,000 Expenses: Selling expenses $400,000 Administrative expenses 387,500 Total expenses 787.500 Income from operations $ 692,500 The division of costs between variable and feed is as follows: Variable Fixed Cost of goods sold 75% 25% Selling expenses 40% Administrative 20% expenses...
Show Me How Calculator Break-Even Sales Under Present and Proposed Conditions Howard Industries Inc., operating at full capacity, sold 64,000 units at a price of $45 per unit during the current year. Its income statement is as follows Sales $2,880,000 Cost of goods sold 1.400.000 Gropofit $1.450.000 Expenses $400,000 387,500 Selling expenses Administrative expenses Total expenses Income from operations 787.500 $ 692 500 The division of costs between variable and is as follows: Variable Cost of goods sold 75 Selling...
spotted cow
Shopping Bag I REVOLVE Amazon.com1st and 2nd or eBook Page Not Found Mama Show Me How Calculator CengageNOWO- Break-Even Sales Under Present and Proposed Conditions Howard Industries Inc., operating at full capacity, sold 64,000 units at a price of $45 per unit during the current year. Its Income statement is as follow Sales $2,880,000 Cost of goods sold 1,400,000 Gross profit $1,480,000 Expenses: Selling expenses $400,000 Administrative expenses 387,500 Total expenses 787,500 Income from operations $ 692,500 The...
Obj. 2, 3 Darby Company, operating at full capacity, sold 500,000 units at a price of $94 per unit during the current year. Its income statement is as follows: Show $ 47,000,000 25,000,000 $ 22,000,000 Sales ... Cost of goods sold...... Gross profit........ Expenses: Selling expenses............. Administrative expenses.... Total expenses ........ Income from operations......... $4,000,000 3,000,000 7,000,000 $15,000,000 Beration The division of costs between variable and fixed is as follows: Variable Cost of goods sold Selling expenses Administrative expenses Management...
Break-Even Sales Under Present and Proposed Conditions Darby Company, operating at full capacity, sold 148,400 units at a price of $126 per unit during the current year. Its income statement is as follows: Sales $18,698,400 6,636,000 Cost of goods sold Gross profit $12,062,400 Expenses: Selling expenses Administrative expenses $3,318,000 1,974,000 Total expenses 5,292,000 Income from operations $6,770,400 The division of costs between variable and fixed is as follows: Variable Fixed Cost of goods sold 60% 4096 Selling expenses 50% 50%...
Break-Even Sales Under Present and Proposed Conditions Battonkill Company, operating at full capacity, sold 101,400 units at a price of $51 per unit during the current year. Its income statement for the current year is as follows: Sales Cost of goods solod Gross profit Expenses: $5,171,400 1,836,000 $3,335,400 Selling expenses $918,000 Administrative expenses 544,000 Total expenses 1,462,000 Income from operations $1,873,400 The division of costs between fixed and variable is as follows Fixed Variable Cost of goods sold Selling expenses...
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