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![Data Given: Standard $40 Selling price Less Variable production cost Variable sell. & admin. expenses Contribution margin per unit $55 $10 $15 $15 $16 $12 $27 Requirement-1 Standard Deluxe Expected monthly sales units Total Sales Total Contribution Margin Combined contribution margin ratio Total monthly fixed expenses Break-even in sales dollars for the expected sales mix 600 1,200 $90,000 [(600 x $40)(1,200 x $55)] $41,400 [(600 x $15)+ (1,200 x $27)] 0.46 [Combined CM/Total Sales $41,400 $90,000 0.46] $13,800 $30,000 [Fixed expenses / Combined CM $13,800/0.46 $30,000] Requirement-2: Standard Deluxe Expected monthly sales units Total Sales Total Contribution Margin Combined contribution margin ratio Total monthly fixed expenses Break-even in sales dollars for the expected sales mix 900 900 $85,500 [(900 x $40)(900 x $55)] $37,800 [(900 x $15)+ (900x $27)1 0.44 [Combined CM/Total Sales $37,800/ $85,500 0.44] $13,800 $31,214 [Fixed expenses /Combined CM $13,800/0.44 $31,214]](http://img.homeworklib.com/questions/1151c2d0-5d19-11ea-b564-4df52bb8491e.png?x-oss-process=image/resize,w_560)
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Question Break.cen.point L7mark Henning Corporation poducesadmodels ot hair dryer Standard and Delxe The company has provided...
Q5. Dersyn Corporation produces and sells two models of vacuum cleaners, Standard and Deluxe. The company...
Q5. Dersyn Corporation produces and sells two models of vacuum cleaners, Standard and Deluxe. The company records show the following monthly data relating to these two products: Standard $150 $120 $16 Deluxe $165 $126 $13 Selling Price per Unit Variable Production Costs Variable Selling Expense per Unit Expected Monthly Sales in Units Total Monthly Fixed Cost (Common to Both) 1,200 600 $15,000 Calculate the break-even in sales dollars for the expected sales mix. Show all your calculations
Q5.(6 Marks) Dersyn Corporation produces and sells two models of vacuum cleaners, Standard and Deluxe. The...
Q5.(6 Marks) Dersyn Corporation produces and sells two models of vacuum cleaners, Standard and Deluxe. The company records show the following monthly data relating to these two products: Standard Selling Price per Unit $150 Variable Production Costs $120 Variable Selling Expense per Unit $16 Expected Monthly Sales in Units 600 Total Monthly Fixed Cost (Common to Both) Deluxe $165 $126 $13 1.200 I $15.000 Calculate the break-even in sales dollars for the expected sales mix. Show all your calculations (6...
i need help with #8 8. Henning Co. estimates that variable costs will be 70% of...
i need help with #8
8. Henning Co. estimates that variable costs will be 70% of sales and fixed costs will total $2,160,000. The selling price of the product is $10, and 750,000 units will be sold. Instructions Compute the break-even point in units and dollars. Compute the margin of safety in dollars and as a ratio. (a) (b) 9. DeMont Tax Services provides primarily two lines of service: accounting and tax. Accounting- related services represent 60 % of its...
value: 10.00 points Gogan Company manufactures and sells two products: Basic and Deluxe. Monthly sales, CM...
value: 10.00 points Gogan Company manufactures and sells two products: Basic and Deluxe. Monthly sales, CM ratios, and the CM per unit for the two products are shown below Product Basic Total Deluxe $600,000 $400,000 $1,000,000 Sales Contribution margin ratio Contribution margin per unit 60% 9.00 11.50 The company's fixed expenses total $400,000 per month. Requirea 1. Prepare a contribution format income statement for the company as a whole. Basic Deluxe Total Amount Amount Amount 2. Compute the overall break-even...
Gogan Company manufactures and sells two products: Basic and Deluxe. Monthly sales, CM ratios, and the...
Gogan Company manufactures and sells two products: Basic and
Deluxe. Monthly sales, CM ratios, and the CM per unit for the two
products are shown below:
Product
Basic
Deluxe
Total
Sales
$
600,000
$
400,000
$
1,000,000
Contribution margin ratio
60
%
35
%
?
Contribution margin per unit
$
9.00
$
11.50
?
The company’s fixed expenses total $400,000 per month.
Required: 1. Prepare a contribution format income statement for the company as a whole. 1.000.000 Basic Deluxe Total...
Multiple Product Break-Even and Net Income Planning Grand Company manufactures and sells the following three products:...
Multiple Product Break-Even and Net Income Planning Grand Company manufactures and sells the following three products: Economy Standard Deluxe Unit sales 10,000 6,000 4,000 Unit sales price $50 $58 $70 Unit variable cost $30 $32 $36 Assume that total fixed cost is $344,400. a. Compute the net income before income tax based on the sales volumes shown above. Economy Standard Deluxe Unit contribution margin Answer Answer Answer Total contribution margin Answer Answer Answer Net income before income tax: $Answer b....
Multiple Product Break-Even and Net Income Planning Grand Company manufactures and sells the following three products:...
Multiple Product Break-Even and Net Income Planning Grand Company manufactures and sells the following three products: Economy Standard Deluxe Unit sales 10,000 6,000 4,000 Unit sales price $49 $57 $69 Unit variable cost $30 $32 $36 Assume that total fixed cost is $354,000. a. Compute the net income before income tax based on the sales volumes shown above. Economy Standard Deluxe Unit contribution margin $ 19 $ 25 $ 33 Total contribution margin 190000 150000 132000 Net income before income...
vuu Corporation accumulates the following data concerning a mixed cost, using miles as the activity level. Miles Dr...
vuu Corporation accumulates the following data concerning a mixed cost, using miles as the activity level. Miles Driven Total Cost Miles Driven Total Cost January 10,000 $16,500 March 9,000 $12,500 February 8,000 $14,500 April 7,000 $12,000 Instructions Compute the variable and fixed cost elements using the high-low method. 25. In the month of April, Avante Salon gave 2.500 haircuts, shampoos, and permanents at an average price of $40. During the month, fixed costs were $20,000 and variable costs were 75%...
Warm Hands, a small company based in Prince Edward Island, manufactures and sells two types of...
Warm Hands, a small company based in Prince Edward Island, manufactures and sells two types of lightweight gloves for runners- Warm and Cozy. Current revenue, cost, and unit sales data for the two products appear below: Selling price per pair Variable expenses per pair Number of pairs sold monthly Warm $ 8.00 $ 2.00 2,700 units Cozy $12.00 $ 6.00 900 units Fixed expenses are $3,240 per month. Required: 1. Assuming the sales mix above, do the following: a. Prepare...
Warm Hands, a small company based in Prince Edward Island, manufactures and sells two types of...
Warm Hands, a small company based in Prince Edward Island, manufactures and sells two types of lightweight gloves for runners- Warm and Cozy. Current revenue, cost, and unit sales data for the two products appear below: Selling price per pair Variable expenses per pair Number of pairs sold monthly Warm $ 5.00 $ 1.25 ,700 units Cozy $7.50 $ 3.75 900 units 2 Fixed expenses are $3,240 per month. Required: 1. Assuming the sales mix above, do the following: a....
Q5. Dersyn Corporation produces and sells two models of vacuum cleaners, Standard and Deluxe. The company records show the following monthly data relating to these two products: Standard $150 $120 $16 Deluxe $165 $126 $13 Selling Price per Unit Variable Production Costs Variable Selling Expense per Unit Expected Monthly Sales in Units Total Monthly Fixed Cost (Common to Both) 1,200 600 $15,000 Calculate the break-even in sales dollars for the expected sales mix. Show all your calculations
Q5.(6 Marks) Dersyn Corporation produces and sells two models of vacuum cleaners, Standard and Deluxe. The company records show the following monthly data relating to these two products: Standard Selling Price per Unit $150 Variable Production Costs $120 Variable Selling Expense per Unit $16 Expected Monthly Sales in Units 600 Total Monthly Fixed Cost (Common to Both) Deluxe $165 $126 $13 1.200 I $15.000 Calculate the break-even in sales dollars for the expected sales mix. Show all your calculations (6...
i need help with #8
8. Henning Co. estimates that variable costs will be 70% of sales and fixed costs will total $2,160,000. The selling price of the product is $10, and 750,000 units will be sold. Instructions Compute the break-even point in units and dollars. Compute the margin of safety in dollars and as a ratio. (a) (b) 9. DeMont Tax Services provides primarily two lines of service: accounting and tax. Accounting- related services represent 60 % of its...
value: 10.00 points Gogan Company manufactures and sells two products: Basic and Deluxe. Monthly sales, CM ratios, and the CM per unit for the two products are shown below Product Basic Total Deluxe $600,000 $400,000 $1,000,000 Sales Contribution margin ratio Contribution margin per unit 60% 9.00 11.50 The company's fixed expenses total $400,000 per month. Requirea 1. Prepare a contribution format income statement for the company as a whole. Basic Deluxe Total Amount Amount Amount 2. Compute the overall break-even...
Gogan Company manufactures and sells two products: Basic and
Deluxe. Monthly sales, CM ratios, and the CM per unit for the two
products are shown below:
Product
Basic
Deluxe
Total
Sales
$
600,000
$
400,000
$
1,000,000
Contribution margin ratio
60
%
35
%
?
Contribution margin per unit
$
9.00
$
11.50
?
The company’s fixed expenses total $400,000 per month.
Required: 1. Prepare a contribution format income statement for the company as a whole. 1.000.000 Basic Deluxe Total...
Multiple Product Break-Even and Net Income Planning Grand Company manufactures and sells the following three products: Economy Standard Deluxe Unit sales 10,000 6,000 4,000 Unit sales price $49 $57 $69 Unit variable cost $30 $32 $36 Assume that total fixed cost is $354,000. a. Compute the net income before income tax based on the sales volumes shown above. Economy Standard Deluxe Unit contribution margin $ 19 $ 25 $ 33 Total contribution margin 190000 150000 132000 Net income before income...
vuu Corporation accumulates the following data concerning a mixed cost, using miles as the activity level. Miles Driven Total Cost Miles Driven Total Cost January 10,000 $16,500 March 9,000 $12,500 February 8,000 $14,500 April 7,000 $12,000 Instructions Compute the variable and fixed cost elements using the high-low method. 25. In the month of April, Avante Salon gave 2.500 haircuts, shampoos, and permanents at an average price of $40. During the month, fixed costs were $20,000 and variable costs were 75%...
Warm Hands, a small company based in Prince Edward Island, manufactures and sells two types of lightweight gloves for runners- Warm and Cozy. Current revenue, cost, and unit sales data for the two products appear below: Selling price per pair Variable expenses per pair Number of pairs sold monthly Warm $ 8.00 $ 2.00 2,700 units Cozy $12.00 $ 6.00 900 units Fixed expenses are $3,240 per month. Required: 1. Assuming the sales mix above, do the following: a. Prepare...
Warm Hands, a small company based in Prince Edward Island, manufactures and sells two types of lightweight gloves for runners- Warm and Cozy. Current revenue, cost, and unit sales data for the two products appear below: Selling price per pair Variable expenses per pair Number of pairs sold monthly Warm $ 5.00 $ 1.25 ,700 units Cozy $7.50 $ 3.75 900 units 2 Fixed expenses are $3,240 per month. Required: 1. Assuming the sales mix above, do the following: a....
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