Company makes 2 products A and B . additional information follows: A B Units 12,000 7,500...
Company makes 2 products A and B . additional information follows:
|
A |
B |
|
|
Units |
12,000 |
7,500 |
|
Sales |
180,000 |
75,000 |
|
Variable |
108,000 |
21,000 |
|
Fixed costs |
27,000 |
27,000 |
|
Net income |
45,000 |
27,000 |
|
Profit per unit |
11.25 |
10.8 |
Required
Company has demand for both products. Which product should company tell sales people to emphasize?
Homework Answers
Add Answer to:
Company makes 2 products A
and B . additional information follows:
A
B
Units
12,000
7,500...
Problem 2-20 points Gallery Corporation makes two products, footballs and baseballs. Additional information follows...
Problem 2-20 points Gallery Corporation makes two products, footballs and baseballs. Additional information follows: Footballs 2,000 $60,000 24,000 10.000 $26.000 1.25 $13.00 $18.00 Baseballs 2,500 $25,000 13,750 5.250 $ 6.000 0.25 $2.40 $4.50 Units Sales Variable costs Fixed costs Net income Yards of leather per unit Profit per unit Contribution margin per unit Assume that Gallery is able to order an additional 2,500 yards of leather and wishes to maximize its income. Of the additional units it produces, at least...
Gallery Corporation makes two products, footballs and baseballs. Additional information follows: Footballs Baseballs Uni...
Gallery Corporation makes two products, footballs and baseballs. Additional information follows: Footballs Baseballs Units 2,000 3,000 Sales $60,000 $25,000 Variable costs 24,000 13,750 Fixed costs 10,000 5,250 Net income $26,000 $ 6,000 Yards of leather per unit 1.25 0.25 Profit per unit $13.00 $2.00 Contribution margin per unit $18.00 $3.75 Assume that Gallery is able to order an additional 2,000 yards of leather and wishes to maximize its income. Of the additional units it produces, at least 400 of each...
JLM Company makes 12,000 units per year of a part it uses in the products it...
JLM Company makes 12,000 units per year of a part it uses in the products it manufactures. The per unit product cost of this part is shown below: direct materials .............. $15.00 direct labor .................. 16.00 variable overhead ............. 11.00 fixed overhead ................ ????? total ......................... $????? An outside supplier has offered to sell JLM Company 12,000 units of this part a year for $55.00 per unit. If JLM Company accepts this offer, the facilities now being used to make...
JLM Company makes 12,000 units per year of a part it uses in the products it...
JLM Company makes 12,000 units per year of a part it uses in the products it manufactures. The per unit product cost of this part is shown below: direct materials .............. direct labor variable overhead ..... fixed overhead ......... total $15.00 16.00 11.00 ????? $????? An outside supplier has offered to sell JLM Company 12,000 units of this part a year for $55.00 per unit. If JLM Company accepts this offer, the facilities now being used to make this part...
Last year, Walsh Company manufactured 25,000 units and sold 22,000 units. Production costs were as follows:...
Last year, Walsh Company manufactured 25,000 units and sold 22,000 units. Production costs were as follows: Direct Materials - $100,000, Direct Labour $75,000, Variable Manufacturing Overhead - $50,000, Fixed Manufacturing Overhead -$75,000. Total sales were $440,000, total variable selling and administrative expenses were $110,000, and total fixed selling and administrative expenses were $45,000. There was no beginning inventory. Assume that direct labour is a variable cost. What was the operating income under variable costing? OA) $2,000. B) $9,000. C) $12,000...
27. Gallery Corporation makes two products, footballs and baseballs. Additional information follows: Footballs Baseball Units Sales...
27. Gallery Corporation makes two products, footballs and baseballs. Additional information follows: Footballs Baseball Units Sales Variable costs Fixed costs Net income Yards of leather per unit Profit per unit Contribution margin per unit 2,000 $60,000 24,000 10.000 $26.000 123 $13.00 $18.00 2,500 $25,000 13,750 5.250 $ 6.000 0.30 $2.40 $4.50 Assume that Gallery is able to order an additional 2,500 yards of leather and wishes to maximize its income. Of the additional units it produces, at least 500 of...
Option #2: Smart Tech Company Smart Tech Company's fixed budget (based on 7,500 units) for the...
Option #2: Smart Tech Company Smart Tech Company's fixed budget (based on 7,500 units) for the first quarter of the calendar year 2019 reveals the following information shown below. Prepare a flexible budget that shows the variable cost per unit, fixed costs, and three different variable costs, and three different budgets for sales volumes of 5,000, 7,500 and 10,000. Please analyze your findings in a letter to upper management. Fixed Budget Sales 7,500 Units $2,500,000 Cost Of Goods Sold Direct...
Information about three joint products is as follows: Y Z Anticipated production 12,000 lbs. 8,000 lbs. 7,000 l...
Information about three joint products is as follows: Y Z Anticipated production 12,000 lbs. 8,000 lbs. 7,000 lbs. Selling price/lb. at split-off $26 $48 Additional processing costs/lb. after split-off (all variable) $8 $20 $20 Selling price/lb. after further processing $20 $40 $16 $70 The cost of the joint process is $ 140,000. Which of the joint products should be processed further? Yerke Company makes and sells jungle gyms and tree houses for children. For jungle gyms, the price is $120...
Question 22 (1 point) Last year, Walsh Company manufactured 25,000 units and sold 22,000 units. Production...
Question 22 (1 point) Last year, Walsh Company manufactured 25,000 units and sold 22,000 units. Production costs were as follows: Direct Materials - $100,000, Direct Labour - $75,000, Variable Manufacturing Overhead - $50,000, Fixed Manufacturing Overhead -$75,000. Total sales were $440,000, total variable selling and administrative expenses were $110,000, and total fixed selling and administrative expenses were $45,000. There was no beginning inventory. Assume that direct labour is a variable cost. What was the operating income under variable costing? A)...
im confused on what is missing ? JLM Company makes 12,000 units per year of a...
im
confused on what is missing ?
JLM Company makes 12,000 units per year of a part it uses in the products it manufactures. The per unit product cost of th is part is shown below: .......... direct materials. direct labor variable overhead fixed overhead total. ..... $15.00 16.00 11.00 ????? $????? An outside supplier has offered to sell JLM Company 12,00 0 units of this part a year for $55.00 per unit. If JLM Company a ccepts this offer,...
Problem 2-20 points Gallery Corporation makes two products, footballs and baseballs. Additional information follows: Footballs 2,000 $60,000 24,000 10.000 $26.000 1.25 $13.00 $18.00 Baseballs 2,500 $25,000 13,750 5.250 $ 6.000 0.25 $2.40 $4.50 Units Sales Variable costs Fixed costs Net income Yards of leather per unit Profit per unit Contribution margin per unit Assume that Gallery is able to order an additional 2,500 yards of leather and wishes to maximize its income. Of the additional units it produces, at least...
JLM Company makes 12,000 units per year of a part it uses in the products it manufactures. The per unit product cost of this part is shown below: direct materials .............. direct labor variable overhead ..... fixed overhead ......... total $15.00 16.00 11.00 ????? $????? An outside supplier has offered to sell JLM Company 12,000 units of this part a year for $55.00 per unit. If JLM Company accepts this offer, the facilities now being used to make this part...
Last year, Walsh Company manufactured 25,000 units and sold 22,000 units. Production costs were as follows: Direct Materials - $100,000, Direct Labour $75,000, Variable Manufacturing Overhead - $50,000, Fixed Manufacturing Overhead -$75,000. Total sales were $440,000, total variable selling and administrative expenses were $110,000, and total fixed selling and administrative expenses were $45,000. There was no beginning inventory. Assume that direct labour is a variable cost. What was the operating income under variable costing? OA) $2,000. B) $9,000. C) $12,000...
27. Gallery Corporation makes two products, footballs and baseballs. Additional information follows: Footballs Baseball Units Sales Variable costs Fixed costs Net income Yards of leather per unit Profit per unit Contribution margin per unit 2,000 $60,000 24,000 10.000 $26.000 123 $13.00 $18.00 2,500 $25,000 13,750 5.250 $ 6.000 0.30 $2.40 $4.50 Assume that Gallery is able to order an additional 2,500 yards of leather and wishes to maximize its income. Of the additional units it produces, at least 500 of...
Information about three joint products is as follows: Y Z Anticipated production 12,000 lbs. 8,000 lbs. 7,000 lbs. Selling price/lb. at split-off $26 $48 Additional processing costs/lb. after split-off (all variable) $8 $20 $20 Selling price/lb. after further processing $20 $40 $16 $70 The cost of the joint process is $ 140,000. Which of the joint products should be processed further? Yerke Company makes and sells jungle gyms and tree houses for children. For jungle gyms, the price is $120...
Question 22 (1 point) Last year, Walsh Company manufactured 25,000 units and sold 22,000 units. Production costs were as follows: Direct Materials - $100,000, Direct Labour - $75,000, Variable Manufacturing Overhead - $50,000, Fixed Manufacturing Overhead -$75,000. Total sales were $440,000, total variable selling and administrative expenses were $110,000, and total fixed selling and administrative expenses were $45,000. There was no beginning inventory. Assume that direct labour is a variable cost. What was the operating income under variable costing? A)...
im
confused on what is missing ?
JLM Company makes 12,000 units per year of a part it uses in the products it manufactures. The per unit product cost of th is part is shown below: .......... direct materials. direct labor variable overhead fixed overhead total. ..... $15.00 16.00 11.00 ????? $????? An outside supplier has offered to sell JLM Company 12,00 0 units of this part a year for $55.00 per unit. If JLM Company a ccepts this offer,...
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