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In: Accounting
Question #2: A company produces and sells two products. Data concerning those products for the most...
Question #2: A company produces and sells two products. Data concerning those products for the most recent month appear below:
| Product Q91I | Product J53Z | |
| Sales | 15,000 | 11,000 |
| Variable expenses | 5,850 | 5,070 |
Fixed expenses for the entire company were $13,980.
Required:
a. Determine the overall break-even point for the company. Show
your work!
b. If the sales mix shifts toward Product Q91I with no change in
total sales, what will happen to the break-even point for the
company? Explain.
Question #5: A Corporation produces
and sells a single product. In April, the company sold 9,700 units.
Its total sales were $543,200, its total variable expenses were
$329,800, and its total fixed expenses were $182,200.
Required:
a. Construct the company's contribution format income statement for
April in good form.
b. Redo the company's contribution format income statement assuming
that the company sells 10,100 units.
Solutions
ekkarill92 answered 2 years agoRelated Solutions
Brancati Inc. produces and sells two products. Data concerning those products for the most recent month...
Brancati Inc. produces and sells two products. Data
concerning those products for the most recent month appear
below:
Product W07C
Product B29Z
Sales…………………………
$25,000
$27,000
Variable expenses………...
$7,000
$8,600
Fixed expenses for the entire company for the month were
$32,860.
Answer the following questions:
1. Determine the overall break-even point for the
company. Show your work!
2. If the sales mix shifts toward
Product W07C with no change in total sales, what will happen to the
break-even point for the...
Mcdale Inc. produces and sells two ... Mcdale Inc. produces and sells two products. Data concerning...
Mcdale Inc. produces and sells two ...
Mcdale Inc. produces and sells two products. Data concerning
those products for the most recent month appear below:
Product I49V
Product Z50U
Sales
$
42,000
$
47,000
Variable expenses
$
13,000
$
28,830
The fixed expenses of the entire company were $38,960. The
break-even point for the entire company is closest to:
Multiple Choice
Top of Form
$80,790
$73,509
$38,960
$46,080
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A cement manufacturer has...
A company manufactures and sells two products: Product A1 and Product C4. Data concerning the expected...
A company manufactures and sells two products: Product A1 and
Product C4. Data concerning the expected production of each product
and the expected total direct labor-hours (DLHs) required to
produce that output appear below:
Expected Production
Direct Labor-Hours Per Unit
Total Direct Labor-Hours
Product A1
300
4.0
1,200
Product C4
600
2.0
1,200
Total direct labor-hours
2,400
The direct labor rate is $25.90 per DLH. The direct materials
cost per unit is $285 for Product A1 and $244 for Product...
A company manufactures and sells two products: Product A1 and Product C4. Data concerning the expected...
A company manufactures and sells two products: Product A1 and
Product C4. Data concerning the expected production of each product
and the expected total direct labor-hours (DLHs) required to
produce that output appear below:
Expected Production
Direct Labor-Hours Per Unit
Total Direct Labor-Hours
Product A1
100
2.0
200
Product C4
200
1.0
200
Total direct labor-hours
400
The direct labor rate is $29.70 per DLH. The direct materials
cost per unit is $263 for Product A1 and $266 for Product...
Tommy Lyons Company manufactures and sells two products: Product S3 and Product S2. Data concerning the...
Tommy Lyons Company manufactures and sells two products: Product
S3 and Product S2. Data concerning the expected production of each
product and the expected total direct labor-hours (DLHs) required
to produce the output appear below:
Product Info
Product S3: 800 units @ 8.0 DLH/unit = 6,400
hours
Product K2: 900 units @6.0 DLH/unit = 5,400 hours
Direct Material Cost/Unit
The direct labor rate is $18.00 per DLH. The direct materials
cost per unit for each product is given below:
Product S3: $280.70...
ABC Company produces and sells four products. Information about these products for 2019, the most recent...
ABC Company produces and sells four products. Information about
these products
for 2019, the most recent year, appears below:
Product A Product B
Product C Product D
selling price per unit 19.00 16.00 15.00 12.00
variable costs per unit 5.00 13.00 5.00 6.00
number of units sold 39,000 32,000 15,000 28,000
ABC Company had total fixed costs of $648,000 in 2019.
Calculate the margin of safety reported by ABC
Company for 2019.
Calculate the number of units of Product...
ABC Company produces and sells four products. Information about these products for 2019, the most recent...
ABC Company produces and sells four products. Information about
these products for
2019, the most recent year, appears below:
Product
A Product B Product C Product D
selling price per unit 19.00 17.00 15.00 12.00
variable costs per unit 5.00 13.00 5.00 6.00
number of units sold 37,000 32,000 14,000 29,000
ABC Company had total fixed costs of $648,000 in 2019.
Calculate the number of units of Product D that
needed to be sold in 2019 in order for
ABC...
ZZ Company produces and sells four products. Information about these products for 2019, the most recent...
ZZ Company produces and sells four products. Information
about these products for 2019, the most recent year,
appears below:
Product A Product B
selling price per unit $18 $16
variable costs per unit $ 6 $ 5
number of units sold 22,000 36,000
Product C Product D
selling price per unit $17 $13
variable costs per unit $13 $ 7
number of units sold 15,000 20,000
ZZ Company reported total fixed costs of $540,000 in
2019.
Calculate the number of...
Apple company has the following information concerning the 2 products that it sells. Product...
Apple company has the following information concerning the 2
products that it sells.
Product 1
Product 2
Sales Price per unit
$800
$300
Variable cost per unit
$500
$200
The company sells 12 units of Product 2 for each unit of Product
1 that it sells. How many units of Product 2 must it sell to
breakeven if fixed costs total $75,000?
Lareem company produces two products. Information on the two products for the most recent year appears...
Lareem
company produces two products. Information on the
two
products for the most recent year appears below:
Product A Product B
selling price per bar $5.00 $3.00
variable costs per bar $2.25 $1.70
number
of units sold 50,000 units 42,000 units
Fixed
costs totaled $108,000.
ABC
Company is considering investing in an advertising
campaign that will double the sales volume of Product B.
ABC
wants to increase next year's profits by 30% over the
most
recent year's profits. Assume the...
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