Question
In: Accounting
Benjamin Company had the following results of operations for the past year: Sales (19,400 units at...
Benjamin Company had the following results of operations for the
past year:
| Sales (19,400 units at $8) | $ | 155,200 | |||||
| Direct materials and direct labor | $ | 97,000 | |||||
| Overhead (20% variable) | 19,400 | ||||||
| Selling and administrative expenses (all fixed) | 27,160 | (143,560 | ) | ||||
| Operating income | $ | 11,640 | |||||
A foreign company (whose sales will not affect Benjamin’s market)
offers to buy 4,850 units at $6.40 per unit. In addition to
variable manufacturing costs, selling these units would increase
fixed overhead by $490 and selling and administrative costs by
$910. Assuming Benjamin’s productive capacity is 19,400 units per
year and accepts the offer, its profits will:
Solutions
ekkarill92 answered 2 years agoRelated Solutions
Benjamin Company had the following results of operations for the past year: Sales (11,300 units at...
Benjamin Company had the following results of operations for the
past year:
Sales (11,300 units at $19)
$
214,700
Direct materials and direct labor
$
56,500
Overhead (20% variable)
11,300
Selling and administrative expenses (all fixed)
13,560
(81,360
)
Operating income
$
133,340
A foreign company (whose sales will not affect Benjamin’s market)
offers to buy 2,825 units at $15.20 per unit. In addition to
variable manufacturing costs, selling these units would increase
fixed overhead by $960 and selling and...
Markson Company had the following results of operations for the past year: Sales (8,000 units at...
Markson Company had the following results of operations for the
past year:
Sales (8,000 units
at $20.20)
$
161,600
Variable manufacturing
costs
$
86,800
Fixed manufacturing costs
15,200
Variable selling and
administrative expenses
12,800
Fixed selling and administrative
expenses
20,200
(135,000
)
Operating income
$
26,600
A foreign company whose sales will not affect Markson's market
offers to buy 2,000 units at $14.30 per unit. In addition to
variable manufacturing costs, selling these units would increase
fixed overhead by $1,620...
Lattimer Company had the following results of operations for the past year: Sales (15,000 units at...
Lattimer Company had the following results of operations for the
past year:
Sales (15,000 units at $11.65)
$
174,750
Variable manufacturing costs
$
92,250
Fixed manufacturing costs
15,750
Selling and administrative expenses (all fixed)
30,750
(138,750
)
Operating income
$
36,000
A foreign company offers to buy 4,300 units at $6.80 per unit. In
addition to existing costs, selling these units would add a $0.18
selling cost for export fees. Lattimer’s annual production capacity
is 25,000 units. If Lattimer accepts...
disturbed, inc., had the following operating results for the past year: sales = $22,616; depreciation... Question:...
disturbed, inc., had the following operating results for the
past year: sales = $22,616; depreciation... Question: Disturbed,
Inc., had the following operating results for the past year: sales
= $22,616; deprecia... Disturbed, Inc., had the following operating
results for the past year: sales = $22,616; depreciation = $1,480;
interest expense = $1,192; costs = $16,575. The tax rate for the
year was 38 percent. What was the company's operating cash
flow?
$2,089 $3,369 $4,761 $7,321 $3,213
A company had the following purchases and sales during its first year of operations: Purchases Sales...
A company had the following purchases and sales during its first
year of operations:
Purchases
Sales
January:
10 units at $120
6 units
February:
20 units at $125
5 units
May:
15 units at $130
9 units
September:
12 units at $135
8 units
November:
10 units at $140
13 units
On December 31, there were 26 units remaining in ending
inventory. Using the Perpetual FIFO inventory valuation method,
what is the cost of the ending inventory? (Assume all sales...
A company had the following purchases and sales during its first year of operations: Purchases Sales...
A company had the following purchases and sales during its first
year of operations:
Purchases
Sales
January:
22
units at $180
14
units
February:
32 units at
$185
12 units
May:
27 units at
$190
16 units
September:
24 units at
$195
15 units
November:
22 units at
$200
28 units
On December 31, there were 42 units remaining in ending
inventory. Using the Perpetual LIFO inventory valuation method,
what is the cost of the ending inventory? (Assume all sales...
A company had the following purchases and sales during its first year of operations: Purchases Sales...
A company had the following purchases and sales during its first
year of operations:
Purchases
Sales
January:
11 units at $135
7 units
February:
21 units at $140
5 units
May:
16 units at $145
9 units
September:
13 units at $150
8 units
November:
11 units at $155
14 units
On December 31, there were 29 units remaining in ending
inventory. Using the Perpetual LIFO inventory valuation method,
what is the cost of the ending inventory? (Assume all sales...
52. A company had the following purchases and sales during its first year of operations: Purchases...
52. A company had the following purchases and sales during its
first year of operations:
Purchases
Sales
January:
23
units at $205
17
units
February:
33 units at
$210
17 units
May:
28 units at
$215
21 units
September:
25 units at
$220
20 units
November:
23 units at
$225
25 units
On December 31, there were 32 units remaining in ending
inventory. Using the Perpetual LIFO inventory valuation method,
what is the cost of the ending inventory? (Assume all...
Awesome Cookie Company had total credit sales for the past year of $800,000. As of year-end,...
Awesome Cookie Company had total credit sales for the past year
of $800,000. As of year-end, but before estimating bad debts, the
company had a $70,000 debit balance in accounts receivable and a
$600 debit balance in the Allowance for Uncollectible Accounts. The
company provided the following aging of accounts receivable
schedule and estimates of the bad debts percentages:
Age
Amount
Bad debt
Percentage
1-30 days
38,500
10%
31-60 days
21,000
25%
61-90 days
6,300
40%
Over...
Northern Illinois Manufacturing reported the following results from last year’s operations: Sales (1,325,000 units) $ 15,900,000...
Northern Illinois Manufacturing reported the following results
from last year’s operations:
Sales (1,325,000 units)
$ 15,900,000
Variable Expenses:
Direct Materials
1,801,800
Direct Labor
5,450,580
Manufacturing OH
2,053,750
S & A
2,112,000
Total Variable
11,418,130
Contribution Margin
4,481,870
Fixed Expenses
Manufacturing OH
757,700
S & A
1,136,800
Total Fixed
1,894,500
Net Operating Income
$ 2,587,370
Total operating assets at the end of the year are $20,700,000.
The total operating assets at the end...
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