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
should appear as expenses.
The costs of goods remaining in inventory are not included in
expenses.
There are no fixed manufacturing costs.
Cost of sales is 40% of revenue.
$8,500 of the selling and administrative expenses are
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Costs and selling prices are expected...
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then compute the missing items.)
Required:
a. Assume that only one product is being sold in each of the
four following case situations:
b. Assume that...
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way to find the missing amounts would be to prepare a contribution
format income statement for each case, enter the known data, and
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Required:
a. Assume that only one product is being sold in each of the
four following case situations:
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Basic
Premium
Total
Sales
$
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
company.
Determine the sales mix for the two products
Determine the contribution margin ratio for each of the two
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The following information is taken from the accounting records of four different companies. Provide the missing...
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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
Total direct materials available for use
394,600
111,600
Direct Materials Inventory, ending
26,700
59,350
Direct materials used in production
90,800
Direct labor
212,700
25,500
299,100
Total manufacturing overhead...
The following information is taken from the accounting records of four different companies. Provide the missing...
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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
$15,900
$
$6,500
$166,000
Purchases of direct materials
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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of output. Draw the total product, average product of labor and
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q = f(L, K) has constant returns to scale and...
QUESTION ONE: COST–VOLUME–PROFIT (CVP) ANALYSIS (a) Identify the SIX underlying assumptions of cost–volume–profit (CVP) analysis. (b)...
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Create a slide presentation of 10 to 12
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*****Apply basics of GAAP pertaining to categorizing
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Evaluate whether the entity is subject to the requirements of
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Budget.
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