I really just need the answer for F. I have the rest of the problem answered already.
Homework Answers
Present variable production costs = 10+2.50+3.50+5
= 21 per unit
New variable production costs = 21 + 15% = 24.15
New fixed costs = 80,000 + (30,000+12%) = 113,600
New contribution margin ratio = (50-24.15)/50 = 51.70%
Breakeven point in dollar sales
= Fixed cost/Contribution margin ratio
= 113,600/51.70%
= 219,729
Add Answer to:
I really just need the answer for F. I have the rest of the
problem answered...
Iron Decor manufactures decorative iron railings. In preparing for next year's operations, management has developed the...
Iron Decor manufactures decorative iron railings. In preparing for next year's operations, management has developed the following estimates: Total $1,000,000 $200,000 $50,000 Per Unit $50.00 $10.00 $2.50 ........ Sales (20,000 units).... Direct materials. Direct labor (variable)... Manufacturing overhead: Variable........... Fixed ............ Selling & administrative: Variable. Fixed ..... $70,000 $80,000 $3.50 $4.00 $100,000 $30,000 $5.00 $1.50 Required: Compute the following items: a. Unit contribution margin. b. Contribution margin ratio. C. Break-even in dollar sales. d. Margin of safety percentage. e. If...
Morgan Designs manufactures decorative iron railings. In preparing for next year's operations, management has developed the...
Morgan Designs manufactures decorative iron railings. In preparing for next year's operations, management has developed the following estimates: Total Per Unit $50.00 Sales (20,000 units) Direct materials $1,000,000 $200,000 $10.00 $50,000 $2.50 Direct labor (variable) Manufacturing overhead: Variable $70,000 $3.50 Fixed $80,000 $4.00 Selling & administrative: Variable $100,000 $5.00 Fixed $30,000 $1.50 Required: a. Unit contribution margin. b. Contribution margin ratio. c. Break-even in dollar sales. d. Margin of safety percentage. e. If the sales volume increases by 20%, with...
Morgan Designs manufactures decorative iron railings. In preparing for next year's operations, management has developed the...
Morgan Designs manufactures decorative iron railings. In preparing for next year's operations, management has developed the following estimates: Total Per Unit Sales (20,000 units) $50.00 Direct materials $1,000,000 $200,000 $50,000 $10.00 Direct labor (variable) $2.50 Manufacturing overhead: Variable $3.50 $70,000 $80,000 Fixed $4.00 Selling & administrative: Variable $100,000 $5.00 Fixed $30,000 $1.50 If the per unit variable production costs increase by 15%, and fixed selling and administrative costs increase by 12%, what will be the new break-even point in dollar...
please answer correctly everything that I have not answered. I really need help on 4. ✓...
please answer correctly everything that I have not answered. I
really need help on 4.
✓ 2.2596 PR 19-6A Contribution margin, break-even sales, cost-volume-profit chart, OBJ. 2, 3, 4, 5 margin of safety, and operating leverage Wolsey Industries Inc. expects to maintain the same inventories at the end of 2016 as at the beginning of the year. The total of all production costs for the year is therefore assumed to be equal to the cost of goods sold. With this...
Need help with the accounting problem. Required information Problem 21-6A Analysis of price, cost, and volume...
Need help with the accounting problem.
Required information Problem 21-6A Analysis of price, cost, and volume changes for contribution margin and net income LO P2, A1 (The following information applies to the questions displayed below.] This year Burchard Company sold 40,000 units of its only product for $17.00 per unit. Manufacturing and selling the product required $125,000 of fixed manufacturing costs and $185,000 of fixed selling and administrative costs. Its per unit variable costs follow. Material Direct labor (paid on...
I just need help with 6. $260,000 doesn't work which is the answer I keep getting....
I just need help with 6. $260,000 doesn't work which is the
answer I keep getting.
Feather Friends, Inc., distributes a high-quality wooden birdhouse that sells for $80 per unit. Variable expenses are $40.00 per unit, and fixed expenses total $200,000 per year. Its operating results for last year were as follows: Sales Variable expenses Contribution margin Fixed expenses Net operating income $ 2,080,000 1,040,000 1,040,000 200,000 $ 840,000 Required: Answer each question independently based on the original data: 1....
Required information Problem 18-6A Analysis of price, cost, and volume changes for contribution margin and net...
Required information Problem 18-6A Analysis of price, cost, and volume changes for contribution margin and net income LO P2, A1 (The following information applies to the questions displayed below.) This year Burchard Company sold 40,000 units of its only product for $17.00 per unit. Manufacturing and selling the product required $125,000 of fixed manufacturing costs and $185,000 of fixed selling and administrative costs. Its per unit variable costs follow $ 4.50 3.50 Material Direct labor (paid on the basis of...
Need Help I Answer some but stuck. Determine the amount of sales (units) that would be...
Need Help I Answer some but stuck. Determine the amount of sales (units) that would be necessary under Break-Even Sales Under Present and Proposed Conditions Darby Company, operating at full capacity, sold 70,200 units at a price of $57 per unit during the current year. Its income statement for the current year is as follows: Sales $4,001,400 Cost of goods sold 1,976,000 Gross profit $2,025,400 Expenses: Selling expenses $988,000 Administrative expenses 988,000 Total expenses 1,976,000 Income from operations $49,400 The...
I just need help on 5 & 6 please. Thank you! Feather Friends, Inc., distributes a...
I just need help on 5 & 6 please. Thank you!
Feather Friends, Inc., distributes a high-quality wooden birdhouse that sells for $120 per unit. Variable expenses are $60.00 per unit, and fixed expenses total $160,000 per year. Its operating results for last year were as follows: Sales Variable expenses Contribution margin Fixed expenses Net operating income $3,240,000 1,620,000 1,620,000 160,000 $ 1,460,000 Required: Answer each question independently based on the original data: 1. What is the product's CM ratio?...
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...
Iron Decor manufactures decorative iron railings. In preparing for next year's operations, management has developed the following estimates: Total $1,000,000 $200,000 $50,000 Per Unit $50.00 $10.00 $2.50 ........ Sales (20,000 units).... Direct materials. Direct labor (variable)... Manufacturing overhead: Variable........... Fixed ............ Selling & administrative: Variable. Fixed ..... $70,000 $80,000 $3.50 $4.00 $100,000 $30,000 $5.00 $1.50 Required: Compute the following items: a. Unit contribution margin. b. Contribution margin ratio. C. Break-even in dollar sales. d. Margin of safety percentage. e. If...
Morgan Designs manufactures decorative iron railings. In preparing for next year's operations, management has developed the following estimates: Total Per Unit $50.00 Sales (20,000 units) Direct materials $1,000,000 $200,000 $10.00 $50,000 $2.50 Direct labor (variable) Manufacturing overhead: Variable $70,000 $3.50 Fixed $80,000 $4.00 Selling & administrative: Variable $100,000 $5.00 Fixed $30,000 $1.50 Required: a. Unit contribution margin. b. Contribution margin ratio. c. Break-even in dollar sales. d. Margin of safety percentage. e. If the sales volume increases by 20%, with...
Morgan Designs manufactures decorative iron railings. In preparing for next year's operations, management has developed the following estimates: Total Per Unit Sales (20,000 units) $50.00 Direct materials $1,000,000 $200,000 $50,000 $10.00 Direct labor (variable) $2.50 Manufacturing overhead: Variable $3.50 $70,000 $80,000 Fixed $4.00 Selling & administrative: Variable $100,000 $5.00 Fixed $30,000 $1.50 If the per unit variable production costs increase by 15%, and fixed selling and administrative costs increase by 12%, what will be the new break-even point in dollar...
please answer correctly everything that I have not answered. I
really need help on 4.
✓ 2.2596 PR 19-6A Contribution margin, break-even sales, cost-volume-profit chart, OBJ. 2, 3, 4, 5 margin of safety, and operating leverage Wolsey Industries Inc. expects to maintain the same inventories at the end of 2016 as at the beginning of the year. The total of all production costs for the year is therefore assumed to be equal to the cost of goods sold. With this...
Need help with the accounting problem.
Required information Problem 21-6A Analysis of price, cost, and volume changes for contribution margin and net income LO P2, A1 (The following information applies to the questions displayed below.] This year Burchard Company sold 40,000 units of its only product for $17.00 per unit. Manufacturing and selling the product required $125,000 of fixed manufacturing costs and $185,000 of fixed selling and administrative costs. Its per unit variable costs follow. Material Direct labor (paid on...
I just need help with 6. $260,000 doesn't work which is the
answer I keep getting.
Feather Friends, Inc., distributes a high-quality wooden birdhouse that sells for $80 per unit. Variable expenses are $40.00 per unit, and fixed expenses total $200,000 per year. Its operating results for last year were as follows: Sales Variable expenses Contribution margin Fixed expenses Net operating income $ 2,080,000 1,040,000 1,040,000 200,000 $ 840,000 Required: Answer each question independently based on the original data: 1....
Required information Problem 18-6A Analysis of price, cost, and volume changes for contribution margin and net income LO P2, A1 (The following information applies to the questions displayed below.) This year Burchard Company sold 40,000 units of its only product for $17.00 per unit. Manufacturing and selling the product required $125,000 of fixed manufacturing costs and $185,000 of fixed selling and administrative costs. Its per unit variable costs follow $ 4.50 3.50 Material Direct labor (paid on the basis of...
I just need help on 5 & 6 please. Thank you!
Feather Friends, Inc., distributes a high-quality wooden birdhouse that sells for $120 per unit. Variable expenses are $60.00 per unit, and fixed expenses total $160,000 per year. Its operating results for last year were as follows: Sales Variable expenses Contribution margin Fixed expenses Net operating income $3,240,000 1,620,000 1,620,000 160,000 $ 1,460,000 Required: Answer each question independently based on the original data: 1. What is the product's CM ratio?...
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...
Most questions answered within 3 hours.
-
Where is the error in this code sequence?
String s1 = "Hello";
String s2 = "ello";...
asked 10 months ago -
Financial data for Joel de Paris, Inc., for last year
follow:
Joel de Paris, Inc.
Balance...
asked 10 months ago -
Consider this reaction:
Al2(SO4)3 (aq)+ BaCl3
(aq) Al2Cl6 (aq)- +
3BaSO4(s) . What is the...
asked 10 months ago -
Suppose that Savneet is considering increasing her
recent random sample from 20 car rentals to 40...
asked 10 months ago -
Trucks arrive at an unloading terminal at an average rate of 120
per hour.
Trucks arrive...
asked 10 months ago -
Why are methanol and ethanol completely soluble in water while
octanol is not very little soluble....
asked 10 months ago -
A facilities manager at a university reads in a research report
that the mean amount of...
asked 10 months ago -
When the CuSO4 is rehydrated by adding water to the anhydrous
compound, is this an endothermic...
asked 10 months ago -
A ray of sunlight is passing from diamond into crown glass; the
angle of incidence is...
asked 10 months ago -
A block of mass 0.249 kg is placed on top of a light, vertical
spring of...
asked 10 months ago -
how do the kidneys compensate in the presences of acidosis
a) trigger hyperventilate
b) reserve acid...
asked 10 months ago -
Question 501 pts
The rental rate of capital to the firm increases. Which of the
following...
asked 10 months ago