Question
In: Accounting
Need answers in clear hand writing notes. If you can then attempt my questions other wise...
Need answers in clear hand writing notes. If you can then attempt my questions other wise don't attempt my questions..
Michael Service has over 200 auto-maintenance service outlets nationwide. It provides primarily two lines of service: oil changes and brake repair. Oil change-related services represent 75% of its sales and provide a contribution margin ratio of 20%. Brake repair represents 25% of its sales and provides a 60% contribution margin ratio. The company's fixed costs are $15,000,000 (that is, $75,000 per service outlet).
Instructions
(a) Calculate the dollar amount of each type of service that the company must provide in order to break even.
(b) The company has a desired net income of $45,000 per service outlet. What is the dollar amount of each type of service that must be provided by each service outlet to meet its target net income per outlet?
Solutions
ekkarill92 answered 1 year agoRelated Solutions
Need answers in clear hand writing notes. If you can then attempt my questions other wise...
Need answers in clear hand writing notes. If you can then
attempt my questions other wise don't attempt my questions.
Job cost sheets for Isabella Manufacturing are as follows:
Job No
210
Quantity 1,500
Manufacturing
Date Direct
Materials
Direct
Labor
Overhead
July
1
9,000
8,000
12,000
8
8,500
10
10,000
15
5,500
25
20,000
Job No
211
Quantity 1,200
Manufacturing
Date Direct
Materials
Direct
Labor
...
Need answers in clear hand writing notes. If you can then attempt my questions other wise...
Need answers in clear hand writing notes. If you can then
attempt my questions other wise don't attempt my questions..
The income statement for Richard Machine Company for 2015
appears below.
RICHARD MACHINE COMPANY
Income Statement
For the Year Ended December 31, 2015
——————————————————————————————————————————
Sales (40,000
units).......................................................................................
$1,000,000
Variable
expenses.........................................................................................
700,000
Contribution
margin.......................................................................................
300,000
Fixed
expenses..............................................................................................
360,000
Net income
(loss)...........................................................................................
$ (60,000)
Instructions
Answer the following independent questions and show computations
using the...
Need answers in clear hand writing notes. If you can then attempt my questions other wise...
Need answers in clear hand writing notes. If you can then
attempt my questions other wise don't attempt my questions..
Manufacturing cost data for Sophia Company are presented
below.
Case
A
Case
B
Case C
Direct materials
used
(a)
$75,400
$130,000
Direct
labor
$
57,000
76,000
(g)
Manufacturing
overhead
46,500
81,600
102,000
Total manufacturing
costs
195,650
(d)
283,700
Work-in-process,
1/1/19
(b)
16,500
(h)
Total cost of
work-in-process
221,500
(e)
327,000
Work-in-process,
12/31/19
(c)
9,000
80,000
Cost of goods
manufactured ...
Need answers in clear hand writing notes. If you can then attempt my questions other wise...
Need answers in clear hand writing notes. If you can then
attempt my questions other wise don't attempt my questions.
Anna Company has gathered the following information
Units in beginning work in
process
25,000
Units started into
production
115,000
Units in ending work in
process
30,000
Percent complete for conversion costs
in
ending work in
process
40%
Costs incurred:
Direct
materials
$175,000
Direct
labor
$235,400
Overhead
$191,600
Materials are added at the beginning of the process.
Instructions
(a) Compute equivalent...
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