Gg.38. Hong Publishing has purchased Lang Publishing. After reviewing titles from both companies, a decision must be made to determine what titles must be dropped. The following information is available to make the decision.Title ZTitle Y$149,00075,000$74,00031,00016,000$27,000SalesVariable CostContribution MarginDirect Fixed CostAllocated Common Fixed CostNet IncomeTitle X$99,00051,000$48,00020,0009,000$19,000A. What is the total income if all titles were produced?$200,000101,000$99,00039,00019,000$41,000B. If Title X was dropped, what would be the effect on Net Income?C. How much did Title X Contribute to Fixed Costs?D. Determine the cost and the amount that will remain even if Title X is dropped.E. Which costs and amount will be eliminated if Title X is dropped?

There are three lang publishing and the company is deciding to drop one of the titles so that the…

Answered: A. What is the total income if all…

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter10: Short-term Decision Making

Section: Chapter Questions

Problem 9PA: Hong Publishing has purchased Lang Publishing. After reviewing titles from both companies, a...

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Your answer is correct. Prepare an incamental analysis concerning thepossibie discontinuance of Division LEnter negot negative sign preceding the numbereg 45 or parentheses es (45)) susing either a Net Income Continue Eliminate hcrease Decease Woonquouco margin 5-ס2 -70754 Foed costs Cost of goods soic 54,000 27000 27000 Selling and adininistrativE 44,254 120E2 Total foed 98,154 Expenses 50E2 Income (css iom in -27,400 operations -21682 eTexbook and Media Attenpts 2 c5used (2) Frepare an incremental analysis concerning the possible discontinuance.of DrvSonL ntive sign preczding the number e 45 ar parentheseseg (45) Net Income Continue Eliminate hcease (Decesa in Contributionmargin Fored costs Cast of goods soic Selling and 25,830 12.915 12.915 adiministrative Total fued expenses Income (loss) firom aperations Assistance Used eTextbook and Media 10:56 AM
Following information is related to Product X of Zempa Company: Current replacement cost $230 Cost to distribute $42 Historical cost Normal profit margin Selling price $215 $36 $245 If lower-of-cost-or-market rule (LCM Rule) is applied, then the value of Product X that would be reported in the balance sheet is: a.
Remember: Gross profit = SP- CP Activity 1.2 enti Complete the following table: Table 1.2: Finding the cost price, the gross profit or the selling price No Cast price Gross prafit Selling price 1.2.1 R5 600 R8 700 1.2.2 R3 400 30% 1.2.3 R6 800 R12 700 1.2.4 R17 500 R35 000 The owner of an enterprise has to calculate both the gross and the net profit. A business has certain operating expenses thai must be deducied from the gross profit to get the net profit. Examples of operating expenses are: • Salaries Wages • Rent paid/rent expense • Advertisements • Stationery. The cost of advertising the business is one example of an operating expense. Gross profit minaş operating expenses equals net profit."
Hong Publishing has purchased Lang Publishing. After reviewing titles from both companies, a decision must be made to determine what titles must be dropped. The following information is available to make the decision. A. What Is the total income if all titles were produced? B. If Title X was dropped, what would be the effect on Net Income? C. How much did Title X Contribute to Fixed Costs? D. Determine the cost and the amount that will remain even it Title X is dropped? E. Which costs and amount will be eliminated if Title X is dropped?
= UDY_Jan... MANCOSA All tools Edit Convert Sign 76 IT PGDPM___Pr... PGDPM_Proj... Project_Proje... Rubric_CSTU... 3.2.Required Calculate the following from the information provided below: 3.2.1.Net profit or loss 3.2.2. The number of units that must be sold to obtain a profit of R1 000 000. INFORMATION The following projected figures were obtained from Drake Traders: Sales (50 000 units @ R24) Variable cost Fixed cost 69 zoom PROJ_Jan23_PGDPM_P... X R 1 200 000 280 000 88 600 Find text or tools Q + Create (3) (4) : 0) U & < 1:32 AM 9/17/2023 X យ 4 3 U 3
What is the joint cost allocated to product Tab if the company employs relative sales value method? P300,000P200,000P192,000P288,000
Rowe Tool and Die (RTD) produces metal fittings as a supplier to various manufacturing firms in the area. The following is the forecasted income statement for the next quarter, which is the typical planning horizon used at RTD. RTD expects to sell 45,000 units during the quarter. RTD carries no inventories. Sales revenue Costs of fitting produced Gross profit Administrative costs Operating profit Amount $ 1,170,000 900,000 $ 270,000 207,000 $ 63,000 Per Unit $26.00 20.00 $ 6.00 4.60 $ 1.40 Fixed costs included in this income statement are $292,500 for depreciation on plant and machinery and miscellaneous factory operations and $94,500 for administrative costs. RTD has received a request for 10,000 fittings to be produced in the next quarter from Endicott Manufacturing. Endicott has never purchased from RTD, although they have been a local company for many years. Endicott has offered to pay $20 per unit. RTD can easily produce the 10,000 units with its existing capacity. Production of…
On the cost-volume-profit graph, the area between the total cost line and the sales line after the break-even point represents: O a. The contribution margin per unit O b. The profit area O c. The variable cost amount O d. The fixed cost amount O e. The loss area US PAGE NEXT PAGE nere to search O W 19:09 A O D a d) ENG 07-04-2021 hp prt sc delete home end & 9 + backspace num lock R T P home D F G H K enter レ pause ↑ shift 11 end alt ctrl
Which of the following does not represent a cost-volume-profit analysis equation? O a. Contribution margin - fixed expenses - profit = 0 O b. Profit = contribution margin + fixed expenses O c. Sales = total expenses+ profit O d. Sales- fixed expenses – variable expenses = 0 O e. Sales+ fixed expenses + profit = contribution margin + sales US PAGE NE re to search 144 ort sc delete home %23 & 4. backspace R T. U D G K enter pause C M alt ctrl
the Sales Cost ( 390000)$ , Sales ( 990000)$ , Ind. Marketing ( f. ) ( 120000)$ Ind. Exp. ( f.) ( 150000)$. Ad. Cost ( 220000)$. Net profit ( using variable Cost ) ?
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ces Elsa Products processes Chem-Z Into two products: Chem-A and Chem-B. Chem-Z costs $41,200 per batch. The joint process produces 5,000 units of Chem-A with a market value of $174,200, and 15,000 units of Chem-B with a market value of $39,350. The conversion cost of the joint process is $16,000 per batch. Elsa Products allocates Joint costs using the physical quantities method. The company never holds any Inventory. Required: a. What cost (total, not unit) and profit will be reported for each product using the current method for allocating Joint costs? b. If the costs of the joint process are allocated on the basis of the net realizable value of the products, what cost (total, not unit) and profit will be reported for each product? c. How much will profit at Elsa Products Increase or decrease if the company switches to the net realizable value method for allocating Joint process costs? Complete this question by entering your answers in the tabs below. Required A Required B Required C…

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