Homework Answers
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| Total Cost: | |||||
| 200 | 300 | 400 | |||
| Fixed Cost | $ 87,000 | $ 87,000 | $ 87,000 | ||
| Variable Cost | No of units*$150 | $ 30,000 | $ 45,000 | $ 60,000 | |
| Unit cost: | |||||
| 200 | 300 | 400 | |||
| Fixed Cost | $87,000/Units | $ 435 | $ 290 | $ 218 | |
| Variable Cost | $ 150 | $ 150 | $ 150 | ||
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Managerial Accounting 140 Fixed & Variable Costs - Practice Problem Garage Door Replacements Complete the tables....
Help with managerial accounting?? Karney Company has revenues of $500,000, variable costs of $350,000, and fixed...
Help with managerial accounting?? Karney Company has revenues of $500,000, variable costs of $350,000, and fixed costs of $135,000. The sales price per unit is $100 and the Variable Cost per unit is $70, at this level of sales the Fixed Costs per unit is $27. a. compute the contribution margin per unit and the contribution margin ratio b. compute total unfits and sales dollars needed to break even. c. compute total sales dollars needed to achieve a target operating...
can someone explain why this is the case? MGT 5 - MANAGERIAL ACCOUNTING PROBLEM 2 GIVEN:...
can someone explain why this is the case?
MGT 5 - MANAGERIAL ACCOUNTING PROBLEM 2 GIVEN: VARIABLE COST/UNIT FIXED COSTS/UNIT UNITS 22,500 FIXED COSTS INCREASE BY 25% AT 23,000 UNITS REQUIRED: TOTAL COST PER/UNIT AT 25,000 UNITS 15.00 4.50 19.50 REQUIRED: TOTAL COST PER/UNIT AT 30,000 UNITS ANSWER VC/UNIT FC/UNIT TC/UNIT ANSWER VC/UNIT FC/UNIT TC/UNIT ANSWER 600,000 15.00 3.75 18.75 REQUIRED: TOTAL COSTS AT 32,500 UNITS
400 600 750 Number of Canoes Produced and Sold Total costs Variable costs Fixed costs Total...
400 600 750 Number of Canoes Produced and Sold Total costs Variable costs Fixed costs Total costs Cost per unit Variable cost per unit Fixed cost per unit Total cost per unit $ 54,000 60,000 $114,000 $ 81,000 60,000 $ 141,000 $ 101,250 60,000 $ 161,250 $ 135.00 150.00 $ 285.00 $ 135.00 $ 135.00 100.00 80.00 $ 235.00 $ 215.00 Riverside sells its canoes for $370 each. Next year Riverside expects to sell 1,000 canoes. Required: Complete the Riverside's...
6. Kerrigan Garage Doors manufactures a premium garage door. Currently, the price and cost data associated...
6. Kerrigan Garage Doors manufactures a premium garage door. Currently, the price and cost data associated with the premium garage door are as follows: (Click the icon to view the data.) 2 (Click the icon to view more information.) Read the requirements Requirement 1. What is the company's current breakeven in units and in dollars? Begin by identifying the formula to compute the breakeven sales in units using the contribution margin approach. 1 Fixed expenses Operating income / Contribution margin...
400 600 750 Number of Canoes Produced and sold Total costs Variable costs Fixed costs Total...
400 600 750 Number of Canoes Produced and sold Total costs Variable costs Fixed costs Total costs Cost per unit Variable cost per unit Fixed cost per unit Total cost per unit $ 54,000 60,000 $114,000 $81,000 60,000 $ 141,000 $101,250 60,000 $161,250 $ 135.00 150.00 $ 285.00 $135.00 100.00 $ 235.00 $135.00 80.00 $ 215.00 Riverside sells its canoes for $370 each. Next year Riverside expects to sell 1,000 canoes. Required: Complete the Riverside's contribution margin income statement for...
Short-Run Relationships - Fixed, Variable, and Total Costs Exercise 1 Marcel leases a garage. He must...
Short-Run Relationships - Fixed, Variable, and Total Costs Exercise 1 Marcel leases a garage. He must pay $500 every week for his lease regardless of how many cars he fores. The number of cars hef each week depends on how many mechanics he hires. The table below summarizes his cost information Instructions: Enter your answers as a whole number. a. Fill in the missing values for total fixed cost, total variable cost, and total cost in the table below. Marcel's...
King Peak Company produces one security door model. A partially complete table of its costs follows:...
King Peak Company produces one security door model. A partially complete table of its costs follows: Number of doors produced and sold 400 500 700 Total costs Variable costs $40,000 $? $? Fixed costs per year 65.000 ? Total costs 105,000 ? Cost per unit Variable cost per unit Fixed cost per unit Total cost per unit Required: 1. Complete the table. 2. King Peak sells its doors for $200 each. Prepare a contribution margin income statement for each of...
can someone please help with this managerial accounting practice problem i cannot get the right answer....
can
someone please help with this managerial accounting practice
problem i cannot get the right answer.
Dehner Corporation uses a job-order costing system with a single plantwide predetermined overhead rate based on direct labor-hours. The company based its predetermined overhead rate for the current year on the following data: Total direct labor-hours Total fixed manufacturing overhead cost Variable manufacturing overhead per direct labor-hour $ 101, ee0 $595,900 3.e0 Recently, Job P951 was completed with the following characteristics: Number of units...
EWWIELS Helir n Jj , Managerial Accounting, Fifth Canadian Edition Concordia: Managerial Accounting (COMM 305 Practice...
EWWIELS Helir n Jj , Managerial Accounting, Fifth Canadian Edition Concordia: Managerial Accounting (COMM 305 Practice Assignment Gradebook ORION Downloadable eTextbook signment FULL SCREEN PRINTER VERSION 8A Question 20 Mercuri Company has gathered the following information: Variable manufacturing overhead costs $12,330 Fixed manufacturing overhead costs Normal production level in labour hours $9,360 9,000 Standard labour hours 9,400 During the year, 3,490 units were produced, 10,600 hours were worked, and the actual manufacturing overhead was $20,300. Actual fixed overhead totalled $9,430...
can someone help me with this managerial accounting practice problem Menlo Company distributes a single product....
can
someone help me with this managerial accounting practice problem
Menlo Company distributes a single product. The company's sales and expenses for last month follow: Sales Variable expenses Contribution margin Fixed expenses Net operating income Total $ 612,000 428, 400 183,600 146,400 $ 37,200 Per Unit $40 28 $ 12 Required: 1. What is the monthly break even point in unit sales and in dollar sales? 2. Without resorting to computations, what is the total contribution margin at the break-even...
can someone explain why this is the case?
MGT 5 - MANAGERIAL ACCOUNTING PROBLEM 2 GIVEN: VARIABLE COST/UNIT FIXED COSTS/UNIT UNITS 22,500 FIXED COSTS INCREASE BY 25% AT 23,000 UNITS REQUIRED: TOTAL COST PER/UNIT AT 25,000 UNITS 15.00 4.50 19.50 REQUIRED: TOTAL COST PER/UNIT AT 30,000 UNITS ANSWER VC/UNIT FC/UNIT TC/UNIT ANSWER VC/UNIT FC/UNIT TC/UNIT ANSWER 600,000 15.00 3.75 18.75 REQUIRED: TOTAL COSTS AT 32,500 UNITS
400 600 750 Number of Canoes Produced and Sold Total costs Variable costs Fixed costs Total costs Cost per unit Variable cost per unit Fixed cost per unit Total cost per unit $ 54,000 60,000 $114,000 $ 81,000 60,000 $ 141,000 $ 101,250 60,000 $ 161,250 $ 135.00 150.00 $ 285.00 $ 135.00 $ 135.00 100.00 80.00 $ 235.00 $ 215.00 Riverside sells its canoes for $370 each. Next year Riverside expects to sell 1,000 canoes. Required: Complete the Riverside's...
6. Kerrigan Garage Doors manufactures a premium garage door. Currently, the price and cost data associated with the premium garage door are as follows: (Click the icon to view the data.) 2 (Click the icon to view more information.) Read the requirements Requirement 1. What is the company's current breakeven in units and in dollars? Begin by identifying the formula to compute the breakeven sales in units using the contribution margin approach. 1 Fixed expenses Operating income / Contribution margin...
400 600 750 Number of Canoes Produced and sold Total costs Variable costs Fixed costs Total costs Cost per unit Variable cost per unit Fixed cost per unit Total cost per unit $ 54,000 60,000 $114,000 $81,000 60,000 $ 141,000 $101,250 60,000 $161,250 $ 135.00 150.00 $ 285.00 $135.00 100.00 $ 235.00 $135.00 80.00 $ 215.00 Riverside sells its canoes for $370 each. Next year Riverside expects to sell 1,000 canoes. Required: Complete the Riverside's contribution margin income statement for...
Short-Run Relationships - Fixed, Variable, and Total Costs Exercise 1 Marcel leases a garage. He must pay $500 every week for his lease regardless of how many cars he fores. The number of cars hef each week depends on how many mechanics he hires. The table below summarizes his cost information Instructions: Enter your answers as a whole number. a. Fill in the missing values for total fixed cost, total variable cost, and total cost in the table below. Marcel's...
King Peak Company produces one security door model. A partially complete table of its costs follows: Number of doors produced and sold 400 500 700 Total costs Variable costs $40,000 $? $? Fixed costs per year 65.000 ? Total costs 105,000 ? Cost per unit Variable cost per unit Fixed cost per unit Total cost per unit Required: 1. Complete the table. 2. King Peak sells its doors for $200 each. Prepare a contribution margin income statement for each of...
can
someone please help with this managerial accounting practice
problem i cannot get the right answer.
Dehner Corporation uses a job-order costing system with a single plantwide predetermined overhead rate based on direct labor-hours. The company based its predetermined overhead rate for the current year on the following data: Total direct labor-hours Total fixed manufacturing overhead cost Variable manufacturing overhead per direct labor-hour $ 101, ee0 $595,900 3.e0 Recently, Job P951 was completed with the following characteristics: Number of units...
EWWIELS Helir n Jj , Managerial Accounting, Fifth Canadian Edition Concordia: Managerial Accounting (COMM 305 Practice Assignment Gradebook ORION Downloadable eTextbook signment FULL SCREEN PRINTER VERSION 8A Question 20 Mercuri Company has gathered the following information: Variable manufacturing overhead costs $12,330 Fixed manufacturing overhead costs Normal production level in labour hours $9,360 9,000 Standard labour hours 9,400 During the year, 3,490 units were produced, 10,600 hours were worked, and the actual manufacturing overhead was $20,300. Actual fixed overhead totalled $9,430...
can
someone help me with this managerial accounting practice problem
Menlo Company distributes a single product. The company's sales and expenses for last month follow: Sales Variable expenses Contribution margin Fixed expenses Net operating income Total $ 612,000 428, 400 183,600 146,400 $ 37,200 Per Unit $40 28 $ 12 Required: 1. What is the monthly break even point in unit sales and in dollar sales? 2. Without resorting to computations, what is the total contribution margin at the break-even...
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