Question
In: Accounting
Intercontinental, Inc., provides you with the following data for its single product: Sales price per unit...
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Intercontinental, Inc., provides you with the following data for its single product:
Compute the amounts for each of the following assuming that both production levels are within the relevant range. (Do not round intermediate calculations. Round your answers to 2 decimal places.) |
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Solutions
ekkarill92 answered 1 year agoRelated Solutions
Intercontinental, Inc., provides you with the following data for its single product: Sales price per unit...
Intercontinental, Inc., provides you with the following data for
its single product:
Sales price per unit
$
51.00
Fixed costs (per month):
Selling, general, and administrative (SG&A)
900,000
Manufacturing overhead
1,800,000
Variable costs (per unit):
Direct labor
6.00
Direct materials
13.00
Manufacturing overhead
9.00
SG&A
5.00
Number of units produced per month
300,000
units
Required:
Compute the amounts for each of the following assuming that both
production levels are within the relevant range. (Do not
round intermediate calculations. Round your...
Intercontinental, Inc., provides you with the following data for its single product: Sales price per unit...
Intercontinental,
Inc., provides you with the following data for its single
product:
Sales price per
unit
$
51.00
Fixed costs (per
month):
Selling,
general, and administrative (SG&A)
1,800,000
Manufacturing
overhead
2,700,000
Variable costs
(per unit):
Direct
labor
7.00
Direct
materials
12.00
Manufacturing
overhead
9.00
SG&A
6.00
Number of units
produced per month
300,000
units
Required:
Compute the amounts
for each of the following assuming that both production levels are
within the relevant range. (Do not round intermediate
calculations. Round your...
Rey Company’s single product sells at a price of $223 per unit. Data for its single...
Rey Company’s single product sells at a price of $223 per unit.
Data for its single product for its first year of operations
follow.
Direct materials
$
27
per unit
Direct labor
$
35
per unit
Overhead costs
Variable overhead
$
13
per unit
Fixed overhead per year
$
405,000
per year
Selling and administrative expenses
Variable
$
25
per unit
Fixed
$
214,000
per year
Units produced and sold
27,000
units
A. Prepare an income statement for the year...
Rey Company’s single product sells at a price of $234 per unit. Data for its single...
Rey Company’s single product sells at a price of $234 per unit.
Data for its single product for its first year of operations
follow.
Direct materials
$
38
per unit
Direct labor
$
46
per unit
Overhead costs
Variable overhead
$
6
per unit
Fixed overhead per year
$
196,000
per year
Selling and administrative expenses
Variable
$
36
per unit
Fixed
$
236,000
per year
Units produced and sold
24,500
units
1. Prepare an income statement for the year...
The company sells a single product at a price of $60 per unit. The estimated sales...
The company sells a single product at a price of $60 per unit.
The estimated sales volume for the next six months is as
follows:
September October . . November December January . . February.
.
13,000 units 12,000 units 14,000 units 20,000 units
9,000 units 10,000 units
All sales are on account. The company’s collection experience
has been
that 32% of a month’s sales are collected in the month of sale, 64%
are collected in the month following the...
Data concerning Wislocki Corporation's single product appear below: Per Unit Percent of Sales Selling price $...
Data concerning Wislocki Corporation's single product appear
below:
Per Unit
Percent of Sales
Selling price
$
185
100
%
Variable expenses
37
20
%
Contribution margin
$
148
80
%
Fixed expenses are $1,047,000 per month. The company is
currently selling 9,300 units per month.
Required:
The marketing manager would like to introduce sales commissions
as an incentive for the sales staff. The marketing manager has
proposed a commission of $13 per unit. In exchange, the sales staff
would accept...
Data concerning Ulwelling Corporation's single product appear below: Per Unit Percent of Sales Selling price $...
Data concerning Ulwelling Corporation's single product appear
below:
Per Unit Percent of Sales Selling price $ 180 100 %
Variable expenses 45 25 %
Contribution margin $ 135 75 %
Fixed expenses are $1,048,000 per month.
The company is currently selling 9,400 units per month.
The marketing manager would like to introduce sales commissions
as an incentive for the sales staff. The marketing manager has
proposed a commission of $12 per unit. In exchange, the sales staff
would accept an...
Data concerning Ulwelling Corporation's single product appear below: Per Unit Percent of Sales Selling price $...
Data concerning Ulwelling Corporation's single product appear
below:
Per Unit
Percent of Sales
Selling price
$
160
100
%
Variable expenses
48
30
%
Contribution margin
$
112
70
%
Fixed expenses are $1,054,000 per month. The company is
currently selling 9,800 units per month.
The marketing manager would like to introduce sales commissions
as an incentive for the sales staff. The marketing manager has
proposed a commission of $8 per unit. In exchange, the sales staff
would accept an...
Data concerning Sumter Corporation's single product appear below: Per Unit Percent of Sales Selling Price $220...
Data concerning Sumter Corporation's single product appear
below:
Per Unit
Percent of Sales
Selling Price
$220
100%
Variable Expense
66
30%
Contribution Margin
$154
70%
Fixed expenses are $1,024,000 per month. The company is
currently selling 8,000 units per month.
Required:
Management is considering using a new component that would
increase the unit variable cost by $6. Since the new component
would improve the company's product, the marketing manager predicts
that monthly slaes would increase by 300 units. What should...
Magic Inc. sells a single product at a selling price of $57 per unit. Magic’s variable...
Magic Inc. sells a
single product at a selling price of $57 per unit. Magic’s variable
costs are $35 per unit and its total fixed costs are $719,400 per
year. Magic is considering the purchase of new equipment which
would reduce its variable costs to $28 per unit but increase its
total fixed costs to
$1,023,700 per year.
a. Assuming Magic expects to sell
40,000 units per year, should it purchase the new equipment?
b. Would your answer change if...
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