A yogurt company sells its product for S4 per cup. The variable costs to produce each cup add up to $1.50. The company's fixed costs each month are $300,000. What is the unit contribution? $ 300, 005.50 $2.50 $5.50 $120,000
Q: Crane Corporation, a publicly traded company, was incorporated on May 1, 2024. It is authorized to…
A: To find the average cost of each repurchased share before each transaction, you need to calculate…
Q: January 460,000 February 630,000 March 784,000 April 930,000 May 1,190,000 June 1,370,000 10% of…
A: When we collect revenue from the debtors or accounts receivsble it is known as debtors collection.
Q: None
A: Flexible budget: is the one which is prepared by the entity for the purpose of estimating the future…
Q: Convers Corporation (calendar year-end) acquired the following assets during the current tax year:…
A: MACRS depreciation:- In United States, the depreciation method utilized for tax purposes is…
Q: GMC used cost-plus pricing, setting the price 20% above manufacturing costs. What price would be…
A: Manufacturing cost per ignitor = Direct material + Direct labor + Overheads…
Q: It's mind-boggling the number of products that are made with cotton. From salad dressing, to…
A: The joint costs refer to the cost which is incurred for manufacturing two more products that are…
Q: Raptor Candles has the following inventory schedule for its luxury line of candles. Quantity Unit…
A: Inventory means the item in which the business deals. Inventory has to be valued at the end of…
Q: A note that is not paid in full at its maturity is called a dishonored deferred note.
A: A note is instrument that gives right to payee to get specified amount at specified date from maker…
Q: None
A: Inventory includes all the items, merchandise, and raw materials that are used by the business…
Q: Utilities Maintenance Supplies Indirect labor Depreciation Cost Formula $16,600 + $0.21 per…
A: The variance is the difference between the standard and actual cost data. The variance can be…
Q: Vulcan Flyovers offers scenic overflights of Mount Saint Helens. Data concerning the company's…
A: The planned budget is a budget which is rigid in nature and is therefore not adjusted for actual…
Q: On January 1, 2013, Boss Limited signed off on a leasing contract with MR Stationery to lease a…
A: Part 1:Answer:The lease in question is a finance lease for the lessee, Boss Limited, based on the…
Q: Sales during the year were 545 units. Beginning inventory was 430 units at a cost of $6 per unit.…
A: The inventory can be valued using various methods as FIFO, LIFO and average method. Using FIFO, the…
Q: December 31, 20Y1 Customer Balance Not Past Due Days Past Days Past Due 1-30 Due 31-60 Days Past…
A: The objective of the question is to determine the number of days past due for each account, complete…
Q: Knowledge Check Tri Golf Course purchased a golf cart at a cash price of $14,500. Related cash…
A: Cost of an asset is the amount paid for an asset and for expenses incurred in putting the asset in…
Q: TB Ex Qu. 9-245 (Algo) On January 1, 2024, a company issues... On January 1, 2024, a company issues…
A: Bonds/Notes are the instruments/ securities issued by the companies to raise funds for the company…
Q: The bonds mature on December 31, 2033 (10 years). For bonds of similar risk and maturity, the market…
A: The objective of this question is to determine the price of the bonds at January 1, 2024 and prepare…
Q: it is about constructing cash flow statement using indirect method, how is it get the 45? And please…
A: The objective of the question is to understand how the value of $45 million is obtained in the cash…
Q: Jake's Roof Repair has provided the following data concerning its costs: Wages and salaries Cost per…
A: Activity variance :— It is the difference between flexible budget data and planning budget data.…
Q: Changes in current operating assets and liabilities-indirect method Blue Circle Corporation's…
A: Cash flow statement :— It is one of the financial statements that shows change in cash and cash…
Q: None
A: Depreciation under Section 179 allows taxpayers to recognize depreciation expense on qualifying…
Q: Current Attempt in Progress Crane Corporation, which uses ASPE, enters into a 6-year lease of…
A: The objective of the question is to calculate the amount of the capital lease and prepare the…
Q: Inventory records for Capetown, Incorporated revealed the following: Date April 1 April 20 Number of…
A: FIFO method is one of the methods of inventory valuation in which it is assumed that old purchases…
Q: The financial statements of the company for the past two years are summarised below: Particulars…
A: The objective of the question is to calculate the following ratios for the years 2020 and 2021:…
Q: Why should management explain poor performance in technical accounting terms? Only typed solution
A: The objective of the question is to understand the importance of explaining poor performance in…
Q: None
A: A statement of cash flow is a part of financial statements that presents the flow of cash in…
Q: In 2020, Landon has self-employment earnings of $202,000. Required: Compute Landon's self-employment…
A: Self employment : It refers to a type of employment where an individual works for himself rather…
Q: Menaga Company reports the following information pertaining to its operating activities: Ending…
A: Cost of goods manufactured:— It is the total cost of completed finished goods transferred from work…
Q: Marvel Parts, Incorporated, manufactures auto accessories including a set of seat covers that can be…
A: The variance analysis refers to the comparison of standards set with the actual costs to evaluate…
Q: an excellent first step in overhead planning and control. After much effort and analysis, you…
A: The flexible budget refers to the budget adjusted for actual units and hence makes performance…
Q: The following data represent the beginning inventory and, in order of occurrence, the purchases and…
A: The question is based on the concept of Cost Accounting.The valuation of the inventory and the cost…
Q: Cordova manufactures three types of stained glass windows, cleverly named Products A, B, and C.…
A: The number of units which are required to be produced among the multiple products means that the…
Q: Klumper Corporation is a diversified manufacturer of industrial goods. The company's activity-based…
A: Overhead means the amount of expenses incurred indirectly to produce the goods. These expenses…
Q: Ray Company provided the following excerpts from its Production Department's flexible budget…
A: Spending variance = Actual results - Flexible budget amountActivity variance = Flexible budget…
Q: 13. (Ignore income taxes in this problem.) The management of Dittrick Corporation is considering the…
A: Profitability Index is the ratio of the Present Value of the Cash Inflows to the Initial Investment.…
Q: On January 1, 2024, Tru Fashions Corporation awarded restricted stock units (RSUS) representing 24…
A: The total amount of money a business spends compensating its employees for the services they do is…
Q: Note:- Do not provide handwritten solution. Maintain accuracy and quality in your answer. Take care…
A: The objective of the question is to prepare a direct labor budget for Rordan Corporation for the…
Q: Only typed solution
A: The objective of the question is to prepare a schedule of the cost of goods manufactured and an…
Q: Date April 1 April 7 A company's inventory records indicate the following data for the month of…
A: INVENTORY VALUATIONInventory Valuation is a Method of Calculation of Value of Inventory at the End…
Q: Compute earnings per share data as it should appear in the 2025 income statement of Waterway…
A: Earnings per share (EPS) is a financial metric that indicates the portion of a company's profit…
Q: Prepare a direct labour budget for 2022. Wage rates are expected to be $14 for the first two…
A: Direct labor budget :—A direct labor budget is a financial plan that outlines the expected costs…
Q: Ryan is self-employed. This year Ryan used his personal auto for several long business trips. Ryan…
A: To calculate the maximum deductible amount for Ryan's business trips using his personal car, we need…
Q: Ferguson Inc. has provided the following budgeted data for the current month: Budgeted Data Data…
A: The objective of this question is to calculate the direct material price variance. The direct…
Q: The inventory of Royal Decking consisted of five products. Information about ending inventory is as…
A: Inventory Valuation In problem we are going to calculate the unit inventory value.inventory value is…
Q: Preble Company manufactures one product. Its variable manufacturing overhead is applied to…
A: Material price variance = (SP - AP)*AQMaterial quantity variance = (SQ - AQ)*SPLabor rate variance =…
Q: As the new accountant for Cohen & Co., you have been asked to provide a succinct analysis of…
A: Operating Income is calculated by subtracting variable cost and fixed cost from the sales…
Q: 10) Conrad, Incorporated recently lost a portion of its records in an office fire. The following…
A: The objective of the question is to calculate the amount of direct materials purchased by Conrad,…
Q: Adger Corporation is a service company that measures its output based on the number of customers…
A: Spending variance is the difference between flexible budget expenses and actual results of…
Q: The Wildcat Oil Company is trying to decide whether to lease or buy a new computer assisted drilling…
A: Net advantages of leasing refer to the savings that are made in monetary terms which is considered…
Q: The management of Zigby Manufacturing prepared the following balance sheet for March 31. Cash…
A: A budget is an accounting plan for future. It is a formal plan of action expressed in monetary…
Step by step
Solved in 4 steps
- If a company has fixed costs of $6.000 per month and their product that sells for $200 has a contribution margin ratio of 30%, how many units must they sell in order to break even? A. 100 B. 180 C. 200 D. 2,000Delta Co. sells a product for $150 per unit. The variable cost per unit is $90 and fixed costs are $15,250. Delta Co.s tax rate is 36% and the company wants to earn $44,000 after taxes. What would be Deltas desired pre-tax income? What would be break-even point in units to reach the income goal of $44,000 after taxes? What would be break-even point in sales dollars to reach the income goal of $44000 after taxes? Create a contribution margin income statement to show that the break-even point calculated in B, generates the desired after-tax income.Maple Enterprises sells a single product with a selling price of $75 and variable costs per unit of $30. The companys monthly fixed expenses are $22,500. What is the companys break-even point in units? What is the companys break-even point in dollars? Construct a contribution margin income statement for the month of September when they will sell 900 units. How many units will Maple need to sell in order to reach a target profit of $45,000? What dollar sales will Maple need in order to reach a target profit of $45,000? Construct a contribution margin income statement for Maple that reflects $150,000 in sales volume.
- Kerr Manufacturing sells a single product with a selling price of $600 with variable costs per unit of $360. The companys monthly fixed expenses are $72,000. What is the companys break-even point in units? What is the companys break-even point in dollars? Prepare a contribution margin income statement for the month of January when they will sell 500 units. How many units will Kerr need to sell in order to realize a target profit of $120,000? What dollar sales will Kerr need to generate in order to realize a target profit of $120,000? Construct a contribution margin income statement for the month of June that reflects $600,000 in sales revenue for Kerr Manufacturing.Marlin Motors sells a single product with a selling price of $400 with variable costs per unit of $160. The companys monthly fixed expenses are $36,000. What is the companys break-even point in units? What is the companys break-even point in dollars? Prepare a contribution margin income statement for the month of November when they will sell 130 units. How many units will Marlin need to sell in order to realize a target profit of $48,000? What dollar sales will Marlin need to generate in order to realize a target profit of $48.000? Construct a contribution margin income statement for the month of February that reflects $200,000 in sales revenue for Marlin Motors.Pimpton Plows sells its product for $50. Its variable cost per unit is $19.00. Fixed costs total $434,000.How many units does the company need to sell to breakeven?What are the total sales in dollars at the breakeven point?How many units does the company need to sell to earn a profit of $155,000?
- Umbridge Purses Unlimited sells purses with a sales price of $25.00 each. Each purse costs the company $20.00 to produce, and the store incurs a total of $210,000 in fixed costs each year. What is the yearly breakeven point in units? Select one: O O C a. 10,500 purses b. 21,000 purses c. 8,400 purses d. 42,000 purses e. None of these options are correct.Currently, Sweet Treats Bakery sells 1,200 cupcakes per month. The owners would like to increase net income above what is currently earned. Fixed costs are $1,500 per month and their contribution margin is $3 per cupcake. What would be a reasonable net income goal? O $1,800 O $2,600 O $2,100 O $5,600Coronado Industries produces hair brushes. The selling price is $15 per unit and the variable costs are $8 per brush. Fixed costs per month are $4800. If Coronado sells 50 more units beyond breakeven, how much does profit increase as a result? $1500 $750 $400 $350
- Pauley Company provides home health care. Pauley charges $35 per hour for the professional care. The variable costs are $21 per hour and the fixed costs are $78,000. Next year, Pauley expects to charge out 12,000 hours of the home health care. What is the break-even point in sales dollars? Oa. $342,000 Ob. $420,000 Oc. $252,000 Od. $195,000 Oe. $130,000Food From Heaven, Inc. (FFHI) sells loose biscuits for P5 per unit. The fixed costs are 210,000 and the variable costs are P55% of the selling price. What would be the amount of sales if FFHI were to realize a profit of 15% of sales?My Art sells framed art prints for $100. The unit variable cost per phone is $50 plus a selling commission of 10%. Fixed manufacturing costs total $1,250 per month, while fixed selling and administrative costs total $2,500. Required: a. What is the contribution margin per print? b. What is the breakeven point in prints? c. How many prints must be sold to earn pretax income of $7,500?