Question
In: Accounting
Capital Manufacturer, Inc. makes one model of wooden canoes. Partial information for it follows: 1) Complete...
| Capital Manufacturer, Inc. makes one model of wooden canoes. | ||||
| Partial information for it follows: | ||||
| 1) Complete the following table. | ||||
| Number of canoes produced and sold: | 500 | 700 | 850 | |
| Total Costs: | ||||
| Variable Costs | 77,000 | |||
| Fixed Costs | 180,000 | |||
| Total Costs: | ||||
| Cost per canoe: | ||||
| Variable Cost per canoe | ||||
| Fixed cost per canoe | ||||
| Total Cost per canoe | ||||
| 2) Suppose Capital sells its canoes for $600 each. | ||||
| Calculate the contribution margin per canoe and | ||||
| the contribution margin ratio | ||||
| 3) This year Capital expects to sell 900 canoes. | ||||
| Prepare a contribution margin income statement for the company. | ||||
| 4) Calculate Capital Manufacturer's break-even point in units and in sales $$$. | ||||
| 5) Suppose Capital Manufacturer wants to earn $82,000 profit this year. | ||||
| Calculate the number of canoes that must be sold to achieve this target. | ||||
Solutions
ekkarill92 answered 1 year agoRelated Solutions
Riverside Inc. makes one model of wooden canoe. Partial information for it follows: Number of Canoes...
Riverside Inc. makes one model of wooden canoe. Partial
information for it follows:
Number of Canoes Produced and Sold
505
655
805
Total costs
Variable costs
$
66,660
?
?
Fixed costs
148,400
?
?
Total costs
$
215,060
?
?
Cost per unit
Variable cost per unit
?
?
?
Fixed cost per unit
?
?
?
Total cost per unit
?
?
?
Required:
1. Complete the table. (Round your cost per unit
answers to 2 decimal places.) ...
Riverside Inc. makes one model of wooden canoe. Partial information for it follows: Number of Canoes...
Riverside Inc. makes one model of wooden canoe. Partial
information for it follows:
Number of Canoes Produced and Sold
515
665
815
Total costs
Variable costs
$
71,585
?
?
Fixed costs
148,400
?
?
Total costs
$
219,985
?
?
Cost per unit
Variable cost per unit
?
?
?
Fixed cost per unit
?
?
?
Total cost per unit
?
?
?
Required:
1. Complete the table.
3. Suppose Riverside sells its canoes for $510
each. Calculate...
Riverside Inc. makes one model of wooden canoe. Partial information for it follows: Number of Canoes...
Riverside Inc. makes one model of wooden canoe. Partial
information for it follows: Number of Canoes Produced and Sold 500
650 800 Total costs Variable costs $ 66,500 ? ? Fixed costs 148,500
? ? Total costs $ 215,000 ? ? Cost per unit Variable cost per unit
? ? ? Fixed cost per unit ? ? ? Total cost per unit ? ? ? Required:
1. Complete the table. (Round your cost per unit answers to 2
decimal places.)...
Riverside Inc. makes one model of wooden canoe. Partial information for it follows: Number of Canoes...
Riverside Inc. makes one model of wooden canoe. Partial
information for it follows:
Number of Canoes Produced and Sold
455
605
755
Total costs
Variable costs
$
66,885
?
?
Fixed costs
149,800
?
?
Total costs
$
216,685
?
?
Cost per unit
Variable cost per unit
?
?
?
Fixed cost per unit
?
?
?
Total cost per unit
?
?
?
Required:
1. Complete the table. (Round your cost per unit
answers to 2 decimal places.) ...
Riverside Inc. makes one model of wooden canoe. Partial information for it follows: Number of Canoes...
Riverside Inc. makes one model of wooden canoe. Partial
information for it follows:
Number of Canoes Produced and Sold
545
695
845
Total costs
Variable costs
$
77,935
?
?
Fixed costs
148,100
?
?
Total costs
$
226,035
?
?
Cost per unit
Variable cost per unit
?
?
?
Fixed cost per unit
?
?
?
Total cost per unit
?
?
?
Required:
1. Complete the table. (Round your cost per unit
answers to 2 decimal places.) ...
Riverside Inc. makes one model of wooden canoe. Partial information for it follows: Number of Canoes...
Riverside Inc. makes one model of wooden canoe. Partial
information for it follows:
Number of Canoes Produced and Sold
530
680
830
Total costs
Variable costs
$
71,550
?
?
Fixed costs
148,500
?
?
Total costs
$
220,050
?
?
Cost per unit
Variable cost per unit
?
?
?
Fixed cost per unit
?
?
?
Total cost per unit
?
?
?
Required:
1. Complete the table. (Round your cost per unit
answers to 2 decimal places.) ...
Sandy Bank, Inc., makes one model of wooden canoe. Partial information for it follows: Required: 1....
Sandy Bank, Inc., makes one model of wooden canoe. Partial
information for it follows:
Required:
1. Complete the following table. (Round your "Cost
per Unit" answers to 2 decimal places.)
Number of Canoes Produced and Sold
460
610
750
Total costs
Variable Costs
$72,680
Fixed Costs
151,800
Total Costs
$224,480
$0
$0
Cost per Unit
Variable Cost per Unit
Fixed Cost per Unit
Total Cost per Unit
$0.00
$0.00
$0.00
2. Suppose Sandy Bank sells its canoes for $570
each....
Sandy Bank, Inc., makes one model of wooden canoe. Partial information is given below. Required: 1....
Sandy Bank, Inc., makes one model of wooden canoe. Partial
information is given below. Required:
1. Complete the following table.
# of Canoes Produced & Sold
440
610
780
Total Costs
Variable Costs
$67,320
Fixed Costs
146,520
146,520
146,520
Total Costs
$213,840
$
$
Cost per Unit
Variable Cost per Unit
$153
Fixed Cost per Unit
333
Total Cost per Unit $486
2. Suppose Sandy Bank sells its canoes for $510 each. Calculate
the contribution margin per canoe and the...
Sandy Bank, Inc., makes one model of wooden canoe. Partial information is given below. Required: 1....
Sandy Bank, Inc., makes one model of wooden canoe. Partial
information is given below.
Required:
1. Complete the following table.
2. Suppose Sandy Bank sells its canoes for $580
each. Calculate the contribution margin per canoe and the
contribution margin ratio.
3. This year Sandy Bank expects to sell 810
canoes. Prepare a contribution margin income statement for the
company.
4. Calculate Sandy Bank’s break-even point in
units and in sales dollars.
5. Suppose Sandy Bank wants to earn $85,000...
Sandy Bank, Inc., makes one model of wooden canoe. And, the information for it follows: Number...
Sandy Bank, Inc., makes one model of wooden canoe. And, the
information for it follows:
Number of canoes produced and
sold
450
650
800
Total costs
Variable costs
$
72,000
$
104,000
$
128,000
Fixed costs
$
187,200
$
187,200
$
187,200
Total costs
$
259,200
$
291,200
$
315,200
Cost per unit
Variable cost per unit
$
160.00
$
160.00
$
160.00
Fixed cost per unit
416.00
288.00
234.00
Total cost per unit
$
576.00
$
448.00...
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