Question
In: Accounting
A Candy Company plans to sell 3,000 candy bars with the following information: Financial Information &nbs
A Candy Company plans to sell 3,000 candy bars with the following information:
Financial Information
Selling price per candy bar......................................................................... $1.00
Variable cost of goods sold per candy bar............................................... $ .40
Fixed manufacturing cost per year............................................................. $12,000
Variable cost of goods sold per candy bar.................................................... $ .30
Variable selling and administrative expense per candy bar...................... $ .05
Fixed selling and administrative expense.................................................. $ 4,000
Instructions: Using Excel, prepare the following
- CVP formatted income statement
- Break even point in units
- Break even point in dollars
- Margin of safety in dollars
- Margin of safety ratio
display all the formulas
Solutions
ekkarill92 answered 1 year agoRelated Solutions
Moorcroft Company plans to sell 3,000 candy bars with the following information: Financial Information &n
Moorcroft Company plans to sell 3,000 candy bars with the
following information:
Financial
Information
Selling price
per candy
bar.......................................................................$1.00
Variable cost
of goods sold per candy
bar.................................................$.40
Fixed
manufacturing cost per
year.............................................................
$12,000
Variable cost of goods sold per candy
bar.................................................$.30
Variable
selling and administrative expense per candy
bar.........................$.05
Fixed selling
and administrative
expense..................................................$
4,000
Instructions: Prepare the
following
CVP formatted income statement
Break even point in units
Break even point in dollars
Margin of...
The following information relates to the Jimmy Johnson Company. &nbs
The following information relates to the Jimmy Johnson
Company.
Ending
Inventory
Ending Inventory
Date At Base-Year Cost At Current Year Cost
Price Index
___________________________________________________________________________________________
12/31/15
(base)
$68,400
$68,400
1.00
12/31/16
$91,600
$122,744
1.34
12/31/17
$89,800
$132,904
1.48
Using dollar-value LIFO, 2016 ending inventory is?
Using dollar-value LIFO, 2017 ending inventory is?
What is the change in inventory in base-year prices in 2016
(i.e., comparing 2016 ending...
Peninsula Candy Company makes three types of candy bars: Chewy, Chunky, and Choco-Lite (Lite). Sales volume...
Peninsula Candy Company makes three types of candy bars: Chewy,
Chunky, and Choco-Lite (Lite). Sales volume for the annual budget
is determined by estimating the total market volume for candy bars
and then applying the company's prior year market share, adjusted
for planned changes due to company programs for the coming year.
Volume is apportioned among the three bars based on the prior
year's product mix, again adjusted for planned changes for the
coming year.
The following are the company...
Candy Company manufactures candy and has the following information for june 2010. Sales totaled $4,125,000.00 and gives...
Candy Company manufactures candy and has the
following information for june 2010. Sales totaled $4,125,000.00
and gives a 4% commission to its sales staff charged as a selling
expense. A total of 100,000 direct labor hours were worked for the
month with a rate of $6.00 per hour. Raw materials purchases $
500,000.00 Salaries of Sales Staff 320,000.00 Salary of General
Manager 250,000.00 Utilities Expense - Factory 190,000.00 Rent for
factory 170,000.00 Administrative Salaries 140,000.00 Rent for
Sales Shop 130,000.00 Indirect...
Cost of Production Report Venus Chocolate Company processes chocolate into candy bars. The process begins by...
Cost of Production Report
Venus Chocolate Company processes chocolate into candy bars. The
process begins by placing direct materials (raw chocolate, milk,
and sugar) into the Blending Department. All materials are placed
into production at the beginning of the blending process. After
blending, the milk chocolate is then transferred to the Molding
Department, where the milk chocolate is formed into candy bars. The
following is a partial work in process account of the Blending
Department at March 31, 2016:
ACCOUNT...
Cost of Production Report Venus Chocolate Company processes chocolate into candy bars. The process begins by...
Cost of Production Report
Venus Chocolate Company processes chocolate into candy bars. The
process begins by placing direct materials (raw chocolate, milk,
and sugar) into the Blending Department. All materials are placed
into production at the beginning of the blending process. After
blending, the milk chocolate is then transferred to the Molding
Department, where the milk chocolate is formed into candy bars. The
following is a partial work in process account of the Blending
Department at March 31, 2016:
ACCOUNT...
Cost of Production Report Venus Chocolate Company processes chocolate into candy bars. The process begins by...
Cost of Production Report
Venus Chocolate Company processes chocolate into candy bars. The
process begins by placing direct materials (raw chocolate, milk,
and sugar) into the Blending Department. All materials are placed
into production at the beginning of the blending process. After
blending, the milk chocolate is then transferred to the Molding
Department, where the milk chocolate is formed into candy bars. The
following is a partial work in process account of the Blending
Department at March 31, 2016:
ACCOUNT...
Cost of Production Report Venus Chocolate Company processes chocolate into candy bars. The process begins by...
Cost of Production Report
Venus Chocolate Company processes chocolate into candy bars. The
process begins by placing direct materials (raw chocolate, milk,
and sugar) into the Blending Department. All materials are placed
into production at the beginning of the blending process. After
blending, the milk chocolate is then transferred to the Molding
Department, where the milk chocolate is formed into candy bars. The
following is a partial work in process account of the Blending
Department at March 31, 2016:
ACCOUNT...
Cost of Production Report Venus Chocolate Company processes chocolate into candy bars. The process begins by...
Cost of Production Report
Venus Chocolate Company processes chocolate into candy bars. The
process begins by placing direct materials (raw chocolate, milk,
and sugar) into the Blending Department. All materials are placed
into production at the beginning of the blending process. After
blending, the milk chocolate is then transferred to the Molding
Department, where the milk chocolate is formed into candy bars. The
following is a partial work in process account of the Blending
Department at March 31, 2016:
ACCOUNT...
Cost of Production Report Venus Chocolate Company processes chocolate into candy bars. The process begins by...
Cost of Production Report Venus Chocolate Company processes
chocolate into candy bars. The process begins by placing direct
materials (raw chocolate, milk, and sugar) into the Blending
Department. All materials are placed into production at the
beginning of the blending process. After blending, the milk
chocolate is then transferred to the Molding Department, where the
milk chocolate is formed into candy bars. The following is a
partial work in process account of the Blending Department at March
31, 2016: ACCOUNT...
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