Homework Answers
| CALCULATION OF CONTRIBUTION MARGIN PER UNIT | |||
| PARTICULARS | AMOUNT | ||
| Less: Variable Cost: | $ 9,50,000 | ||
| Raw Material | $ 2,09,950 | ||
| Direct Labor | $ 71,250 | ||
| Manufacturing overhead ($ 193,510 -$115,610) | $ 77,900 | ||
| Selling and adminsitrative overhead( $ 155,550 - $ 81,450) | $ 74,100 | ||
| Total Variable Expenses | $ 4,33,200 | ||
| Contribution Margin | $ 5,16,800 | ||
| Contribution Margin Per Unit = $ 516,800 /10,000 | $ 51.68 | ||
| CALCULATION OF UNIT SALES FOR TARGET PROFIT | |||
| Total Fixed Cost = 115,610 + 81,450 = | $ 1,97,060 | ||
| Target Profit = ( Fixed Cost + target Income ) / Contribution Margin per unit | |||
| Target Profit = | |||
| Fixed Cost = | $ 1,97,060 | ||
| Add: | "+ " | ||
| Target Income = | $ 3,95,356 | ||
| Equal to = | $ 5,92,416 | ||
| Divide By | "/"By | ||
| Contribution marrgin Per Unit | $ 51.68 | ||
| Equal to = | 11,463.16 | Loaves | |
| Rounded to next nearest unit | 11,463 | Loaves | |
| Answer = 11,463 Loaves | |||
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Buttermilk Bakery has provided the following cost data for the last year when 95,000 loaves of...
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Superior Company provided the following data for the year ended December 31 (all raw materials are...
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December 31 (all raw materials are used in production as direct
materials):
Selling expenses
$
218,000
Purchases of raw materials
$
261,000
Direct labor
?
Administrative expenses
$
156,000
Manufacturing overhead applied to work in process
$
364,000
Actual manufacturing overhead cost
$
352,000
Inventory balances at the beginning and end of the year were as
follows:
Beginning of Year
End of Year
Raw materials
$
55,000
$
37,000
Work...
1. Boursaw Corporation has provided the following data concerning last month’s operations. 2. Boursaw Corporation has...
1. Boursaw Corporation has provided the following data
concerning last month’s operations.
2. Boursaw Corporation has provided the following data
concerning last month’s operations.
3. Boursaw Corporation has provided the following data
concerning last month’s operations.
4. Boursaw Corporation has provided the following data
concerning last month’s operations.
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Superior Company provided the following data for the year ended
December 31 (all raw materials are used in production as direct
materials):
Selling expenses
$
218,000
Purchases of raw materials
$
261,000
Direct labor
?
Administrative expenses
$
156,000
Manufacturing overhead applied to work in process
$
364,000
Actual manufacturing overhead cost
$
352,000
Inventory balances at the beginning and end of the year were as
follows:
Beginning of Year
End of Year
Raw materials
$
55,000
$
37,000
Work...
1. Boursaw Corporation has provided the following data
concerning last month’s operations.
2. Boursaw Corporation has provided the following data
concerning last month’s operations.
3. Boursaw Corporation has provided the following data
concerning last month’s operations.
4. Boursaw Corporation has provided the following data
concerning last month’s operations.
$33,000 Purchases of raw materials Indirect materials included in manufacturing overhead Direct labor cost Manufacturing overhead applied to Work in Process Underapplied overhead $ 4,000 $58,000 $78,000 $ 5,000 Beginning Ending Raw...
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