Question
In: Accounting
Use below information for Questions 18 to 20: Company X has collected the following information after...
Use below information for Questions 18 to 20:
Company X has collected the following information after its first year of sales. Sales were TL1,650,000 on 170,000 units. Selling expenses were TL215,000 of which 45% was variable. Direct materials were TL490,000 and direct labor were TL290,000. Administrative expenses were TL270,000 of which 27% was variable. MOH was TL381,000 of which 75% was variable.
Q-18) Compute contribution margin.
Q-19) Calculate breakeven point in TL.
Q-20) Calculate units to be sold to achieve a target net income of TL200.000.
Solutions
ekkarill92 answered 2 years agoRelated Solutions
Use below information for Questions 10 to 13: The smelting department of Company X has following...
Use below information for Questions 10 to 13:
The smelting department of Company X has following production
and cost data for September:
Production: Beginning work in process 200 units that are 100%
complete as to materials and 71% complete as to conversion costs;
units started into production 1,000 units; ending work in process
250 in units that are 100% complete as to materials and 57%
complete to conversion costs.
Manufacturing costs: Beginning work in process TL8,100
materials, TL9,270 labor and...
Use below information for Questions 10 to 13: The smelting department of Company X has following...
Use below information for Questions 10 to 13:
The smelting department of Company X has following production
and cost data for September:
Production: Beginning work in process 200 units that are 100%
complete as to materials and 77% complete as to conversion costs;
units started into production 1,000 units; ending work in process
250 in units that are 100% complete as to materials and 50%
complete to conversion costs.
Manufacturing costs: Beginning work in process TL8,700
materials, TL9,200 labor and...
Use below information for Questions 1 to 4: The smelting department of Company X has following...
Use below information for Questions 1 to
4:
The smelting department of Company X has following production
and cost data for September:
Production: Beginning work in process 200 units that are 100%
complete as to materials and 85% complete as to conversion costs;
units started into production 1,000 units; units transferred out to
next department
980 units; ending work in process are 100% complete as to
materials and 41% complete as to conversion costs.
Manufacturing costs: Beginning work in process...
Company X has collected the following information after its first year of sales. Sales were TL1,650,000...
Company X has collected the
following information after its first year of sales. Sales were
TL1,650,000 on 120,000 units. Selling expenses
were TL245,000 of which 45% was variable. Direct
materials were TL490,000 and direct labor were TL290,000.
Administrative expenses were TL270,000 of which 22% was
variable. MOH was TL384,000 of which 75% was
variable.
(9 points) Without using CVP Income Statement, compute
contribution margin, unit contributionmargin and the contribution
margin ratio.
(7 points) Prepare a CVP income statement for both...
Company X has collected the following information after its first year of sales. Sales were TL1,650,000...
Company X has collected the
following information after its first year of sales. Sales were
TL1,650,000 on 120,000 units. Selling expenses
were TL245,000 of which 45% was variable. Direct
materials were TL490,000 and direct labor were TL290,000.
Administrative expenses were TL270,000 of which 22% was
variable. MOH was TL384,000 of which 75% was
variable.
a) Without using CVP Income Statement, compute contribution
margin, unit contributionmargin and the contribution margin
ratio.
b) Prepare a CVP income statement for both per unit,...
FOR: X=5, Y=3, z=6, t=5 Company X has collected the following information after its first year...
FOR: X=5, Y=3, z=6, t=5
Company X has collected the following information after its
first year of sales. Sales were TL1,6x0,000 on 1z0,000 units.
Selling expenses were TL2t5,000 of which 4x% was variable. Direct
materials were TL490,000 and direct labor were TL290,000.
Administrative expenses were TL270,000 of which 2z% was variable.
MOH was TL38t,000 of which 7x% was variable.
(a) (9 points) Without using CVP Income Statement, compute
contribution margin, unit contribution margin and the contribution
margin ratio.
(b) (7...
Problem 18-5A (Part Level Submission) Viejol Corporation has collected the following information after its first...
Problem 18-5A (Part Level Submission)
Viejol Corporation has collected the following information after
its first year of sales. Sales were $1,600,000 on 100,000 units,
selling expenses $220,000 (40% variable and 60% fixed), direct
materials $508,000, direct labor $282,200, administrative expenses
$272,000 (20% variable and 80% fixed), and manufacturing overhead
$382,000 (70% variable and 30% fixed). Top management has asked you
to do a CVP analysis so that it can make plans for the coming year.
It has projected that...
Use the following information to answer the questions below:
Use the following information to answer the
questions below:
note: all sales are credit sales
Income Stmt info:
2016
2017
Sales
$ 975,000
$ 1,072,500
less Cost of Goods Sold:
325,000
346,125
Gross Profit
650,000
726,375
Operating Expenses
575,000
609,500
Earnings before Interest & Taxes
75,000
116,875
Interest exp
25,000
31,000
earnings before Taxes
50,000
85,875
Taxes
20,000
34,350
Net Income
$ 30,000
$
51,525
Balance Sheet info:
12/31/2016
12/31/2017
Cash
60,000
$ 63,600
Accounts Receivable
80,000
$ 84,000
Inventory...
Problem 18-5A (Part Level Submission) Viejol Corporation has collected the following information after its first year...
Problem 18-5A (Part Level Submission)
Viejol Corporation has collected the following information after
its first year of sales. Sales were $1,600,000 on 100,000 units,
selling expenses $250,000 (40% variable and 60% fixed), direct
materials $510,000, direct labor $288,200, administrative expenses
$284,000 (20% variable and 80% fixed), and manufacturing overhead
$350,000 (70% variable and 30% fixed). Top management has asked you
to do a CVP analysis so that it can make plans for the coming year.
It has projected that unit...
Use the following information to answer the questions below. Observation Price Quantity A $1.00 20 B...
Use the following information to answer the questions below.
Observation
Price
Quantity
A
$1.00
20
B
$2.00
15
1. Calculate a price elasticity of demand. You must show all
your work to earn credit.
2. Given the elasticity of demand, a 10% increase in price will
cause quantity demanded to fall by what percentage? Explain your
answer.
3. Is this demand elastic or inelastic? Explain your answer.
Part II
Walmart advertises that it has rolled back prices. If Walmart is...
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