Question
In: Accounting
Selected financial data for Spark Enterprises follows for a production level of 120,000 units. Total Fixed...
Selected financial data for Spark Enterprises follows for a production level of 120,000 units.
Total Fixed Costs $300,000
Total costs (fixed and variable) $ 450,000
a. Calculate the variable cost per unit.
b. if flash corporation makes 75,000 units, calculate the fixed cost per unit.
c. if flash corporation makes 160,000 units, calculate the total variable costs.
d. if flash corporation makes 180,000 units, calculate the total costs.
Solutions
Expert Solution
a)
Total variable cost = Total costs – Total fixed costs
= 450000-300000
= 150000
Variable cost per unit = 150000/120000
= 1.25 per unit
b)
Fixed cost per unit = 300000/75000
= 4 per unit
c)
Total variable cost = 1.25*160000
= 200000
d)
Total variable cost = 1.25*180000
= 225000
Total cost = 225000+300000
= 525000
ekkarill92 answered 2 years agoRelated Solutions
PRODUCTION UNITS 100 END INV UNITS 20 TOTAL PRODUCTION COST 20000 EUROS TOTAL FIXED MOH 1000...
PRODUCTION UNITS 100
END INV
UNITS
20
TOTAL PRODUCTION COST 20000 EUROS
TOTAL FIXED
MOH
1000 EUROS
a. Data is missing
b. Full Costing OPINC 200 EUROS higher than VC OPINC
C. Full Costing OPINC =VC OPINC
d. Full Costing OPINC 200 euros lower than VC OPINC
Selected financial statement information and additional data for Johnston Enterprises is presented below: Johnston Enterprises Balance...
Selected financial statement information and additional data for
Johnston Enterprises is presented below:
Johnston Enterprises
Balance Sheet and Income Statement Data
December 31,
2017
December 31,
2016
Current Assets:
Cash
$170,300
$116,400
Accounts Receivable
226,300
306,200
Inventory
396,700
342,700
Total
Current Assets
793,300
765,300
Property, Plant, and Equipment
1,283,200
1,148,000
Less: Accumulated Depreciation
(460,400)
(429,100)
Total Assets
1,616,100
1,484,200
Current Liabilities:
Accounts Payable
$189,000
$100,700
Notes Payable
48,100
66,300
Income Taxes Payable
85,900
76,100
Total Current Liabilities
323,000
243,100
Bonds...
Selected financial statement information and additional data for Johnston Enterprises is presented below: Johnston Enterprises Balance...
Selected financial statement information and additional data for
Johnston Enterprises is presented below:
Johnston Enterprises
Balance Sheet and Income Statement Data
December 31,
2017
December 31,
2016
Current Assets:
Cash
$153,260
$117,200
Accounts Receivable
236,100
306,600
Inventory
397,700
343,800
Total
Current Assets
787,060
767,600
Property, Plant, and Equipment
1,271,200
1,136,000
Less: Accumulated Depreciation
(453,900)
(420,900)
Total Assets
1,604,360
1,482,700
Current Liabilities:
Accounts Payable
$189,800
$100,100
Notes Payable
50,100
66,500
Income Taxes Payable
84,700
75,100
Total Current Liabilities
324,600
241,700
Bonds...
Selected financial statement information and additional data for Johnston Enterprises is presented below Johnston Enterprises Balance...
Selected financial statement information and additional data for
Johnston Enterprises is presented below
Johnston Enterprises
Balance Sheet and Income Statement Data
December 31, December
31,
2017
2016___
Current Assets:
Cash
$153,000
$119,000
Accounts
Receivable
238,000
306,000
Inventory
391,000
340,000
Total Current
Assets
782,000
765,000
Property, Plant, and
Equipment
1,241,000
1,122,000
Less: Accumulated
Depreciation
(476,000)
(442,000)
Total
Assets
$1,547,000
$1,445,000
Current Liabilities:
Accounts
Payable
$187,000
$102,000
Notes
Payable
51,000
68,000
Income Taxes
Payable ...
Selected financial statement information and additional data for Johnston Enterprises is presented below Johnston Enterprises Balance...
Selected financial statement information and additional data for
Johnston Enterprises is presented below
Johnston Enterprises
Balance Sheet and Income Statement Data
December 31, December
31,
2017
2016___
Current Assets:
Cash
$153,000
$119,000
Accounts
Receivable
238,000
306,000
Inventory
391,000
340,000
Total Current
Assets
782,000
765,000
Property, Plant, and
Equipment
1,241,000
1,122,000
Less: Accumulated
Depreciation
(476,000)
(442,000)
Total
Assets
$1,547,000
$1,445,000
Current Liabilities:
Accounts
Payable
$187,000
$102,000
Notes
Payable
51,000
68,000
Income Taxes
Payable ...
Selected financial statement information and additional data for Johnston Enterprises is presented below. Johnston Enterprises Statement...
Selected financial statement information and additional data for
Johnston Enterprises is presented below.
Johnston Enterprises
Statement of Financial Position and Income Statement Data
December 31, December
31,
2019
2018
Property, Plant, and
Equipment
HK$1,241,000 HK$ 1,122,000
Less: Accumulated
Depreciation
(477,000)
(442,000)
764,000
680,000
Current Assets:
Inventory
391,000
340,000
Accounts
Receivable
238,000
306,000
Cash
154,000
119,000
Total Current
Assets
783,000
765,000
Total
Assets
HK$1,547,000 HK$1,445,000
Equity:
Share
Capital–Ordinary
HK$ 510,000 HK$...
Ball Bearings, Inc., faces costs of production as follows: QUANITY TOTAL FIXED COSTS (DOLLARS) TOTAL VARIABLE...
Ball Bearings, Inc., faces costs of production as follows:
QUANITY
TOTAL FIXED COSTS (DOLLARS)
TOTAL VARIABLE COSTS (DOLLARS)
0
180
0
1
180
80
2
180
140
3
180
180
4
180
240
5
180
320
6
180
450
Complete the following table by calculating the company’s
total cost, marginal cost, average fixed cost, average variable
cost, and average total cost at each level of production.
QUANITY
TOTAL COST (DOLLARS)
MARGINAL COST (DOLLARS)
AVERAGE FIXED COST (DOLLARS)
AVERAGE VARIABLE COST...
Selected financial information about Backpacking Resources, Inc., is as follows: Total assets $20,000,000 Total liabilities $8,000,000...
Selected financial information about Backpacking Resources,
Inc., is as follows:
Total assets
$20,000,000
Total liabilities
$8,000,000
Total preferred stock
$3,000,000
Total annual preferred stock
dividends
$210,000
Net profits after tax
$1,000,000
Number of shares of common stock
outstanding
400,000 shares
Current market price of common
stock
$57.00 a share
Annual common stock dividends
$2.28 a share
Using the company's financial information, compute the
following:
A) Dividend yield. Round the answer to two decimal places.
________%
B) Book value per share....
Selected financial information about Backpacking Resources, Inc., is as follows: Total assets $10,000,000 Total liabilities $5,000,000...
Selected financial information about Backpacking Resources,
Inc., is as follows:
Total assets
$10,000,000
Total liabilities
$5,000,000
Total preferred stock
$1,000,000
Total annual preferred stock dividends
$70,000
Net profits after tax
$500,000
Number of shares of common stock outstanding
150,000 shares
Current market price of common stock
$48.00 a share
Annual common stock dividends
$1.44 a share
Using the company's financial information, compute the
following:
Dividend yield. Round the answer to two decimal places.
%
Book value per share. Round your...
Data for Tropical Enterprises? follows: 2019 2018 2017 Total Current Assets $400,000 $300,000 $250,000 Total Current...
Data for Tropical Enterprises? follows:
2019
2018
2017
Total Current Assets
$400,000
$300,000
$250,000
Total Current Liabilities
190,000
150,000
125,000
Compute the dollar amount of change and the percentage of change
in Tropical ?Enterprises's working capital each year during 2019
and 2018. What do the calculated changes? indicate?
Begin by selecting the formula to compute the working? capital,
the dollar amount of change and the percentage of change in
Tropical ?Enterprises' working capital.
Working capital =__________________________________
Dollar amount of change...
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