Homework Answers
a) BEP units in equation method = 20000 units
b) BEP units in formula method = 20000 units
c) sales units required to earn target profit = 25000 units
d) sales dollars required to earn target profit = 1250000 dollars
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2. Data: Selling price = $50, variable cost per unit = $30, total fixed costs =...
I need a clear step by step of how to slove this promnle. 1. Data for...
I
need a clear step by step of how to slove this promnle.
1. Data for Wolf Manufacturing Company (uses process costing method): Percent Complete Units Materials Conversion Beginning Work in Process 40,000 (100%) (60%) Ending Work in Process 10,000 (60%) (20%) Units started during the period - 70,000. Units completed during the period - 100.000 Percentage of completion for materials and conversion are given in the table above. 2. Data: Selling price = $50, variable cost per unit -...
I need a clear step by step of how to sovle this problem with the questions...
I
need a clear step by step of how to sovle this problem with the
questions asked.
TYPE ANSWERS. 1. Data for Wolf Manufacturing Company (uses process costing method): Percent Complete Units Materials Conversion Beginning Work in Process 40,000 (100%) (60%) Ending Work in Process 10,000 (60%) (20%) Units started during the period - 70,000. Units completed during the period - 100,000. Percentage of completion for materials and conversion are given in the table above. a. Complete the equivalent units...
A company provided the following data: Selling price per unit Variable cost per unit Total fixed...
A company provided the following data: Selling price per unit Variable cost per unit Total fixed costs 400,000 How many units must be sold to earn a profit of $40,000? a. 20,000 b. 23,333 c. 2,000 Od. 8,500 e. 22,000
Problem 11-4 NYM Manufacturing Company makes a product. Selling Price per unit Variable manufacturing cost per unit Variable selling expense per unit (sales commissions) Annual Fixed Manufacturing Co...
Problem 11-4 NYM Manufacturing Company makes a product. Selling Price per unit Variable manufacturing cost per unit Variable selling expense per unit (sales commissions) Annual Fixed Manufacturing Costs Annual Fixed Selling and Admin Costs 150 80 25 40,000 s 60,000 REQUIRED Determine the break-even point in units and dollars using the following approaches. 1 Equation method 2 Contribution margin per unit. 3 Contribution margin ratio. 4 Confirm your results by preparing a contribution margin income statement for the breakeven sales...
6. Assume total fixed costs of $249600, variable costs per unit of $6, and contribution margin...
6. Assume total fixed costs of $249600, variable costs per unit of $6, and contribution margin per unit of $4. What are the sales dollars required to earn a target net income of $78000 assuming a tax rate of 20%? A. $546000 B. $867750 C. $780000 D. $819000 6. Assume a sales price per unit of $20, variable cost per unit $10, and total fixed costs of $16200. If no units are sold, how much cost would the company incur?...
Cohen Company produces and sells socks. Variable cost is $2.00 per pair, and fixed costs for...
Cohen Company produces and sells socks. Variable cost is $2.00 per pair, and fixed costs for the year total $50,000. The selling price is $4 per pair. Required: 1. Calculate the breakeven point in units. (Do not round intermediate calculations.) 2. Calculate the breakeven point in sales dollars. (Do not round intermediate calculations.) 3. Calculate the units required to make a before-tax profit of $30,000. (Do not round intermediate calculations.) 4. Calculate the sales dollars required to make a before-tax...
Suppose that the price is $40, unit variable cost is $32/unit, and total fixed costs are...
Suppose that the price is $40, unit variable cost is $32/unit, and total fixed costs are $3,600. Required: a) Compute the unit contribution margin and contribution margin ratio: unit CM= CM ratio= (enter CMR as a fraction of 1, not as %) b) Write down the CVP relation using CMR: profit as a function of sales revenue. (fill in the missing numbers in an equation like Profit = 0.35 * Revenue - 50). Profit = * Revenue - c) Based on the...
The following information pertains to the A company’s 2014 operations: Selling Price per Unit $50 Variable...
The following information pertains to the A company’s 2014 operations: Selling Price per Unit $50 Variable Costs per Unit $10 Total Fixed Costs $55,000 A. What is the A company’s break-even point in units? in Dollars? B. What are the sales dollars required to obtain a pretax profit of $17,000? C. If management decided to increase total fixed costs to $75,000, what would the new break-even point be, in both units and dollars? What would the sales dollars be to...
2. The Poncho Company sells ponchos at $60 each. The variable cost per unit is 50%...
2. The Poncho Company sells ponchos at $60 each. The variable cost per unit is 50% of the sales price and the total fixed costs are $300,000. During the summer, the Poncho Company renovated its factory. As a result, its total fixed costs increased by another $96,000 and variable costs decreased to 40% of the sales price. Determine the breakeven point in units and dollars before and after the renovation, using the contribution margin technique. Units Dollars Breakeven before modernization:...
if the selling price per unit is $70, the variable expense per unit is $50, and...
if the selling price per unit is $70, the variable expense per unit is $50, and total fixed expenses are $261,000, what are the breakeven sales in dollars? I'm getting 913,545 but that's not an option
I
need a clear step by step of how to slove this promnle.
1. Data for Wolf Manufacturing Company (uses process costing method): Percent Complete Units Materials Conversion Beginning Work in Process 40,000 (100%) (60%) Ending Work in Process 10,000 (60%) (20%) Units started during the period - 70,000. Units completed during the period - 100.000 Percentage of completion for materials and conversion are given in the table above. 2. Data: Selling price = $50, variable cost per unit -...
I
need a clear step by step of how to sovle this problem with the
questions asked.
TYPE ANSWERS. 1. Data for Wolf Manufacturing Company (uses process costing method): Percent Complete Units Materials Conversion Beginning Work in Process 40,000 (100%) (60%) Ending Work in Process 10,000 (60%) (20%) Units started during the period - 70,000. Units completed during the period - 100,000. Percentage of completion for materials and conversion are given in the table above. a. Complete the equivalent units...
A company provided the following data: Selling price per unit Variable cost per unit Total fixed costs 400,000 How many units must be sold to earn a profit of $40,000? a. 20,000 b. 23,333 c. 2,000 Od. 8,500 e. 22,000
Problem 11-4 NYM Manufacturing Company makes a product. Selling Price per unit Variable manufacturing cost per unit Variable selling expense per unit (sales commissions) Annual Fixed Manufacturing Costs Annual Fixed Selling and Admin Costs 150 80 25 40,000 s 60,000 REQUIRED Determine the break-even point in units and dollars using the following approaches. 1 Equation method 2 Contribution margin per unit. 3 Contribution margin ratio. 4 Confirm your results by preparing a contribution margin income statement for the breakeven sales...
Cohen Company produces and sells socks. Variable cost is $2.00 per pair, and fixed costs for the year total $50,000. The selling price is $4 per pair. Required: 1. Calculate the breakeven point in units. (Do not round intermediate calculations.) 2. Calculate the breakeven point in sales dollars. (Do not round intermediate calculations.) 3. Calculate the units required to make a before-tax profit of $30,000. (Do not round intermediate calculations.) 4. Calculate the sales dollars required to make a before-tax...
2. The Poncho Company sells ponchos at $60 each. The variable cost per unit is 50% of the sales price and the total fixed costs are $300,000. During the summer, the Poncho Company renovated its factory. As a result, its total fixed costs increased by another $96,000 and variable costs decreased to 40% of the sales price. Determine the breakeven point in units and dollars before and after the renovation, using the contribution margin technique. Units Dollars Breakeven before modernization:...
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