Question
In: Accounting
Parts A and B are two different CVP analysis, but some information is missing from each...
Parts A and B are two different CVP analysis, but some information is missing from each analysis. Each part contains a separate analysis.
Fill in the unknowns for each part.
|
Part |
Sales |
Fixed Costs |
Variable Costs |
Total Costs |
Contribution Margin % |
Operating Income |
|---|---|---|---|---|---|---|
|
A |
6,000 |
900 |
? |
? |
? |
600 |
|
B |
? |
? |
1,000 |
1,600 |
? |
2,400 |
Solutions
ekkarill92 answered 2 years agoRelated Solutions
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Recall Molly’s information
Revenue
$34,000
-
Expense
37,100
Profit
(loss)
<$3,100>
Management responded with the following information
Costs have been matched to revenue to determine what costs
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The costs of goods remaining in inventory are not included in
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There are no fixed manufacturing costs.
Cost of sales is 40% of revenue.
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Required:
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Basic
Premium
Total
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$
1,080,000
$720,000
$1,800,000
Variable costs
$315,400
$294,100
$609,500
Fixed expenses are $517,250 per month in total for the
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Determine the sales mix for the two products
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product.
Company 1
Company 2
Company 3
Company 4
Direct Materials Inventory, beginning
$15,400
$
$6,000
$165,300
Purchases of direct materials
86,400
52,600
258,800
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394,600
111,600
Direct Materials Inventory, ending
26,700
59,350
Direct materials used in production
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Direct labor
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25,500
299,100
Total manufacturing overhead...
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of four different companies. Provide the missing amounts. Assume
there are no indirect materials used in the company’s finished
product.
Company 1
Company 2
Company 3
Company 4
Direct Materials Inventory, beginning
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$
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$166,000
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86,400
52,600
258,900
Total direct materials available for use
394,900
112,000
Direct Materials Inventory, ending
26,200
59,750
Direct materials used in production
91,100
Direct labor
212,000
25,000
298,500
Total manufacturing overhead...
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a.)Each extra worker produces two extra units of output up to 4
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