Question
In: Accounting
Call Corporation is a wholesaler that sells a single product. Management has provided the following cost...
Call Corporation is a wholesaler that sells a single product. Management has provided the following cost data for two levels of monthly sales volume. The company sells the product for $140.50 per unit.
|
Sales volume (units).............................................. |
6,000 |
7,000 |
|
|
Cost of sales.......................................................... |
$497,400 |
$580,300 |
|
|
Selling, general, and administrative costs............. |
$273,600 |
$294,700 |
1. The best estimate of the total monthly fixed cost is:
| $147,000 |
| $771,000 |
| $823,000 |
|
$875,000 2. The best estimate of the total variable cost per unit is:
|
Solutions
ekkarill92 answered 1 year agoRelated Solutions
Laci Corporation’s is a wholesaler that sells a single product. Management has provided the following cost...
Laci Corporation’s is a wholesaler that sells a single product.
Management has provided the following cost data for two levels of
monthly sales volume. The company sells the product for $154.00 per
unit.
Sales volume (units)
11,200
12,230
Cost of sales
$907,200
$990,630
Selling and administrative costs
$674,000
$695,630
The best estimate of the total contribution margin when 11,580
units are sold is:
$307,160
$716,190
$226,770
$602,160
Problem 1 Haram Corporation is a wholesaler that sells a single product. Management has provided the...
Problem 1
Haram Corporation is a wholesaler that sells a single product.
Management has provided the following cost data for two levels of
monthly sales volume. The company sells the product for $182.10 per
unit.
Year
1
Year
2
Year 3
Sales volume
(units)
60,000
80,000
110,000
Sales
$2,100,000
$2,800,000
$3,850,000
Expenses:
Cost of Goods
Sold
(840,000)
(1,120,000)
(1,540,000)
Salaries
(520,000)
(680,000)
(920,000)
Rent
(50,000)
(
50,000)
( 50,000)...
Parsley Corporation is a wholesaler that sells a single product and maintains a stable cost structure....
Parsley Corporation is a wholesaler that sells a single product
and maintains a stable cost structure. Management has provided
the
following data.
May June July
Selling price per unit 176 176 176
Sales units 4,000 7,000 6,000
Net operating income (Loss) 26,700 422,700
Gross margin 450,700 882,700
A. $ 1,056,000
B. $ 968,000
C. $ 668,400
D. $ 387,600
E. Zero
The best estimate of the margin of safety in July at the sales
volume above is:
D) is the...
6. Ofarrell Corporation, a company that produces and sells a single product, has provided its contribution...
6.
Ofarrell Corporation, a company that produces and sells a single
product, has provided its contribution format income statement for
March.
Sales (7,700 units)
$400,400
Variable expenses
246,400
Contribution margin
154,000
Fixed expenses
103,500
Net operating income
$50,500
If the company sells 7,600 units, its net operating income
should be closest to:
$46,000
$48,500
$50,500
$49,979
8.
Data concerning Wang Corporation's single product appear below:
(Do not round your intermediate calculations.)
Selling price per unit
$
180.00
Variable expense per...
Knight Corporation produces and sells one product. Knight has provided the following annual per unit cost...
Knight Corporation produces and sells one product. Knight has
provided the following annual per unit cost data at an activity
level of 100,000 units: $ Per Unit Sales 100.00 Direct labor 25.00
Direct material 30.00 Variable manufacturing overhead 10.00 Fixed
manufacturing overhead 20.00 Variable selling expenses 5.00 Fixed
selling expenses 4.00 Fixed administrative expenses 8.00 The
relevant range for is 90,000 - 120,000 units. You will be given
facts for three different options. Using the facts given, calculate
amounts as...
YUX Corporation sells a single product for $40. Its management estimates the following revenues and costs...
YUX Corporation sells a single product for $40. Its management
estimates the following revenues and costs for the year 2020:
Net sales
$420,000
Selling expenses—variable
$22,000
Direct materials
97,500
Selling expenses—fixed
19,000
Direct labour
62,700
Administrative expenses—variable
9,400
Manufacturing overhead—variable
18,400
Administrative expenses—fixed
9,600
Manufacturing overhead—fixed
11,720
(a)
Assuming fixed costs and net sales are spread evenly throughout the
year, determine YUX’s monthly break-even point in units and
dollars. (Round answers to 0 decimal places, e.g.
5,275.)
Monthly break-even in...
YUX Corporation sells a single product for $50. Its management estimates the following revenues and costs...
YUX Corporation sells a single product for $50. Its management
estimates the following revenues and costs for the year
2020:
Net sales
$525,000
Selling expenses—variable
$20,300
Direct materials
148,000
Selling expenses—fixed
18,600
Direct labour
65,900
Administrative expenses—variable
10,000
Manufacturing overhead—variable
18,300
Administrative expenses—fixed
10,800
Manufacturing overhead—fixed
17,400
A.
Determine the percentage increase in annual profits if YUX
Corporation increases its selling price by 20% and all other
factors (including demand) remain constant. (Round
answer to 2 decimal places, e.g. 15.25%.)...
UX Corporation sells a single product for $40. Its management estimates the following revenues and costs...
UX Corporation sells a single product for $40. Its management
estimates the following revenues and costs for the year 2020:
Net sales
$420,000
Selling expenses—variable
$22,000
Direct materials
97,500
Selling expenses—fixed
19,000
Direct labour
62,700
Administrative expenses—variable
9,400
Manufacturing overhead—variable
18,400
Administrative expenses—fixed
9,600
Manufacturing overhead—fixed
11,720
Assuming fixed costs and net sales are spread evenly throughout
the year, determine YUX’s monthly break-even point in units and
dollars. (Round answers to 0 decimal places, e.g.
5,275.)
Monthly break-even in units...
YUX Corporation sells a single product for $40. Its management estimates the following revenues and costs...
YUX Corporation sells a single product for $40. Its management
estimates the following revenues and costs for the year 2020:
Net sales
$428,000
Selling expenses—variable
$18,600
Direct materials
112,100
Selling expenses—fixed
18,300
Direct labour
55,400
Administrative expenses—variable
9,100
Manufacturing overhead—variable
18,800
Administrative expenses—fixed
9,100
Manufacturing overhead—fixed
13,640
Assuming fixed costs and net sales are spread evenly throughout
the year, determine YUX’s monthly break-even point in units and
dollars. (Round answers to 0 decimal places, e.g.
5,275.)
Monthly break-even in units...
The Western Corporation manufactures a single product and has provided the following data for its most...
The Western Corporation manufactures a single product and has
provided the following data for its most recent year of
operations:
Selling price per unit $68 Manufacturing costs:
Variable manufacturing cost per unit produced:
Direct materials $10 Direct labor $6 Variable manufacturing
overhead $4
Fixed manufacturing overhead per year $220,000 Selling and
administrative expenses:
Variable selling and administrative expense per unit sold $6
Fixed selling and administrative expense per year $61,000
During the year, 11,000 units were produced, and 10,000 units...
ADVERTISEMENT
ADVERTISEMENT
Latest Questions
- As Jupiter industries expands its MENA locations, what international staffing strategy model (or combination of models)...
- Preble Company manufactures one product. Its variable manufacturing overhead is applied to production based on direct...
- he following information is available for Sage Hill, Inc. for the year 2017. Administrative expense Officers'...
- The year has passed and Ron has become used to being able to come to you...
- J&J, Inc., manufactures two products that it sells to the same market. Excerpted below are its...
- You have decided to build the database for John’s system. This question centres around the development...
- Discuss the essential characteristics of common stock.
ADVERTISEMENT