Homework Answers
Solution:
Cost of sales is a variable cost at same is vary in proportion to sales.
Variable selling and administrative cost per unit = ($443,200 - $431,300) / (8100 - 7100) = $11.90 per unit
Fixed selling and administrative cost = $443,200 - (8100*$11.90) = $346,810
Hence first option is correct.
Add Answer to:
41. Gambino Corporation is a whole that sells a single product Management provided the following cost...
Gamach Corporation is a wholesaler that sells a single product. Management has provided the following cost...
Gamach Corporation is a wholesaler that sells a single product. Management has provided the following cost data for two levels of monthly sales volume. The company sells the product for $104.50 per unit. Sales volume (units) Cost of sales Selling and administrative costs 5,000 6,000 $295,000 $354,000 $186,000 $202,800 The best estimate of the total monthly fixed cost is: Multiple Choice $518,900 $481,000 Loooo $102,000 $556,800
lacob Corporation is a wholesaler that sells a single product. Management has provided the following cost...
lacob Corporation is a wholesaler that sells a single product. Management has provided the following cost data for two levels of monthly sales volume. The company sells the product for $162.00 per unit. Sales volume (units) Cost of sales Selling and administrative costs 13,900 15,490 $1,139,800 $1,270, 180 $ 652,000 $ 685, 390 The best estimate of the total contribution margin when 14,370 units are sold is: Multiple Choice $961,860 $847,830 $283,470
lacob Corporation is a wholesaler that sells a single product. Management has provided the following cost...
lacob Corporation is a wholesaler that sells a single product. Management has provided the following cost data for two levels of monthly sales volume. The company sells the product for $149.00 per unit. Sales volume (units) Cost of sales Selling and administrative costs 15,600 $1,185,600 $ 676,000 17,520 $1,331,520 $ 714,400 The best estimate of the total contribution margin when 15,910 units are sold is: Multiple Choice O $303,570 $843,230 O ennen C The best estimate of the total contribution...
Iacob Corporation is a wholesale that sells a single product Management has provided the following cost...
Iacob Corporation is a wholesale that sells a single product Management has provided the following cost data for two levels of monthly sales volume. The company sells the product for 515100 per unit Sales volume (units) Cost of sales Selling and administrative costs 12.400 $954,500 $650,000 13,590 $1,046,430 $ 721,320 The best estimate of the total contribution man when 13.360 units are sold Maple Choice C 430250 375.30 564280 (De Ne >
Christensen Corporation Christensen Corporation is a wholesaler that sells a single product. Management has provided the...
Christensen Corporation Christensen Corporation is a wholesaler that sells a single product. Management has provided the following cost data for two levels of monthly sales volume. The company sells the product for $173.00 per unit. Sales Volume Cost of Sales Selling & Administrative Costs 4,0105.0107 $384,267 $337,173 307,567$ S317,993 1) What is the total contribution margin when 4,350 units are sold?
Christensen Corporation Christensen Corporation is a wholesaler that sells a single product. Management has provided the...
Christensen Corporation Christensen Corporation is a wholesaler that sells a single product. Management has provided the following cost data for two levels of monthly sales volume. The company sells the product for $173.00 per unit. Sales Volume Cost of Goods Sold Sllng & Administrative Costs Total Costs 4,010 units 5,010 units S307,567S384,267 317993 5337,173 5625,560$721,440 1) For the total costs including both COGS and S&A costs, using high-low method to identify the cost formula. 2) What is the total variable...
Problem 1 Haram Corporation is a wholesaler that sells a single product. Management has provided the...
Problem 1 Haram Corporation is a wholesaler that sells a single product. Management has provided the following cost data for two levels of monthly sales volume. The company sells the product for $182.10 per unit. Year 1 Year 2 Year 3 Sales volume (units) 60,000 80,000 110,000 Sales $2,100,000 $2,800,000 $3,850,000 Expenses: Cost of Goods Sold (840,000) (1,120,000) (1,540,000) Salaries (520,000) (680,000) (920,000) Rent ( 50,000) ( 50,000) ( 50,000) Income Taxes ( 70,560) ( 94,080) (129,860) Selling and Administrative (504,800) (656,400) (883,800) Net Operating Income $164,640 $199,520 $326,340 Required A: Compute the Cost/Unit for Cost of Goods Sold, Salaries, Rent and Selling and Administrative Expenses for Years 1-3. Year 1 Year...
Christensen Corporation Christensen Corporation is a wholesaler that sells a single product Management has provided the...
Christensen Corporation Christensen Corporation is a wholesaler that sells a single product Management has provided the following cost data for two levels of monthly sales volume. The company sells the product for $173.00 per unit. L n Sales Volume 4,010 T 05,010 No Cost of Sales - $307,56714000 $384.267 / su Selling & Administrative Costs $317,993 4010 1) What is the total contribution margin when 4,350 units are sold? & dift , 384,267 5010 $337,173/2010-pe'unit # unita P87.74 high-low unit...
XYZ Company sells a single product. The Controller has provided the following cost information for two...
XYZ Company sells a single product. The Controller has provided the following cost information for two levels of monthly sales volume. The selling price per unit is $181.30. Sales volume (units) 8,000 9,000 Cost of sales $479,200 $539,100 Selling and administrative costs $736,000 $765,000 Total variable cost per unit is estimated to be: A) $59.90 B) 151.90 C) 88.90 D) 144.90
Oferrell Corporation, a company that produces and sells a single product, has provided its contribution format...
Oferrell Corporation, a company that produces and sells a single product, has provided its contribution format income statement for March Variable expenses Contribution margin Fored expenses Net operating Income $ 268,000 140.700 127300 75,800 $ 51,500 If the company sells 7100 units, its net operating income should be closest to O $54.575 O $51.500 O $59.100 O $67,500
Gamach Corporation is a wholesaler that sells a single product. Management has provided the following cost data for two levels of monthly sales volume. The company sells the product for $104.50 per unit. Sales volume (units) Cost of sales Selling and administrative costs 5,000 6,000 $295,000 $354,000 $186,000 $202,800 The best estimate of the total monthly fixed cost is: Multiple Choice $518,900 $481,000 Loooo $102,000 $556,800
lacob Corporation is a wholesaler that sells a single product. Management has provided the following cost data for two levels of monthly sales volume. The company sells the product for $162.00 per unit. Sales volume (units) Cost of sales Selling and administrative costs 13,900 15,490 $1,139,800 $1,270, 180 $ 652,000 $ 685, 390 The best estimate of the total contribution margin when 14,370 units are sold is: Multiple Choice $961,860 $847,830 $283,470
lacob Corporation is a wholesaler that sells a single product. Management has provided the following cost data for two levels of monthly sales volume. The company sells the product for $149.00 per unit. Sales volume (units) Cost of sales Selling and administrative costs 15,600 $1,185,600 $ 676,000 17,520 $1,331,520 $ 714,400 The best estimate of the total contribution margin when 15,910 units are sold is: Multiple Choice O $303,570 $843,230 O ennen C The best estimate of the total contribution...
Iacob Corporation is a wholesale that sells a single product Management has provided the following cost data for two levels of monthly sales volume. The company sells the product for 515100 per unit Sales volume (units) Cost of sales Selling and administrative costs 12.400 $954,500 $650,000 13,590 $1,046,430 $ 721,320 The best estimate of the total contribution man when 13.360 units are sold Maple Choice C 430250 375.30 564280 (De Ne >
Christensen Corporation Christensen Corporation is a wholesaler that sells a single product. Management has provided the following cost data for two levels of monthly sales volume. The company sells the product for $173.00 per unit. Sales Volume Cost of Sales Selling & Administrative Costs 4,0105.0107 $384,267 $337,173 307,567$ S317,993 1) What is the total contribution margin when 4,350 units are sold?
Christensen Corporation Christensen Corporation is a wholesaler that sells a single product. Management has provided the following cost data for two levels of monthly sales volume. The company sells the product for $173.00 per unit. Sales Volume Cost of Goods Sold Sllng & Administrative Costs Total Costs 4,010 units 5,010 units S307,567S384,267 317993 5337,173 5625,560$721,440 1) For the total costs including both COGS and S&A costs, using high-low method to identify the cost formula. 2) What is the total variable...
Christensen Corporation Christensen Corporation is a wholesaler that sells a single product Management has provided the following cost data for two levels of monthly sales volume. The company sells the product for $173.00 per unit. L n Sales Volume 4,010 T 05,010 No Cost of Sales - $307,56714000 $384.267 / su Selling & Administrative Costs $317,993 4010 1) What is the total contribution margin when 4,350 units are sold? & dift , 384,267 5010 $337,173/2010-pe'unit # unita P87.74 high-low unit...
Oferrell Corporation, a company that produces and sells a single product, has provided its contribution format income statement for March Variable expenses Contribution margin Fored expenses Net operating Income $ 268,000 140.700 127300 75,800 $ 51,500 If the company sells 7100 units, its net operating income should be closest to O $54.575 O $51.500 O $59.100 O $67,500
Most questions answered within 3 hours.
-
Where is the error in this code sequence?
String s1 = "Hello";
String s2 = "ello";...
asked 11 months ago -
Financial data for Joel de Paris, Inc., for last year
follow:
Joel de Paris, Inc.
Balance...
asked 11 months ago -
Consider this reaction:
Al2(SO4)3 (aq)+ BaCl3
(aq) Al2Cl6 (aq)- +
3BaSO4(s) . What is the...
asked 11 months ago -
Suppose that Savneet is considering increasing her
recent random sample from 20 car rentals to 40...
asked 11 months ago -
Trucks arrive at an unloading terminal at an average rate of 120
per hour.
Trucks arrive...
asked 11 months ago -
Why are methanol and ethanol completely soluble in water while
octanol is not very little soluble....
asked 11 months ago -
A facilities manager at a university reads in a research report
that the mean amount of...
asked 11 months ago -
When the CuSO4 is rehydrated by adding water to the anhydrous
compound, is this an endothermic...
asked 11 months ago -
A ray of sunlight is passing from diamond into crown glass; the
angle of incidence is...
asked 11 months ago -
A block of mass 0.249 kg is placed on top of a light, vertical
spring of...
asked 11 months ago -
how do the kidneys compensate in the presences of acidosis
a) trigger hyperventilate
b) reserve acid...
asked 11 months ago -
Question 501 pts
The rental rate of capital to the firm increases. Which of the
following...
asked 11 months ago