Cox Electric makes electronic components and has estimated the following for a new design of one of its products. Fixed Cost $15,000 MY NOTES ASK YOUR TEACH Material Cost per Unit = $0.19 Labor Cost per Unit = $0.14 Revenue per Unit = $0.69 Note that fixed cost is incurred regardless of the amount produced. Per-unit material and labor cost together make up the variable cost per unit. Assuming that Cox Electric sells all that it produce profit is calculated by subtracting the fixed cost and total variable cost from total revenue. If Cox Electric makes 43,100 units of the new product, what is the resulting profit (in whole dollars)? $
Q: The total factory overhead for Big Light Company is budgeted for the year at $1,703,240. Big Light…
A: Lets understand the basics. Single plantwide overhead rate is a overhead rate calculated to allocate…
Q: The AGI of the Newtons, a married couple, is $207,000 this year. They would like to contribute to a…
A: Roth IRA refers to the individual retirement account where the person pay the taxes on the money…
Q: John and Charlotte are considering contributing $1,000 to their church. This contribution will bring…
A: The correct answer to this question will be : (D) $ 0 The main reason being only taxpayers whose…
Q: Question Answer Sparks Furniture Company carries three lines of sofas. Information about the sofa…
A: In general, the cost principle is used to determine how assets are stated in the financial…
Q: H1
A: Non Controlling Interest : It is the percentage of shares which is hold by other shareholder, for…
Q: Oscar is an accounting co-op student. He is presently working on the 2021 financial statements for…
A: As per the principle of prudence of Accounting principles always anticipate losses and make…
Q: A plant asset with a cost of $40,000 and accumulated depreciation of $36,000 is sold for $6,000.…
A: Lets understand the basics. When asset is sold and if proceeds exceed the book value then asset is…
Q: Viking Voyager specializes in the design and production of replica Viking boats. On January 1, 2024,…
A: Bond :— It is one of the source of capital that gives periodic interest and face value at the end of…
Q: A machine has a first cost of P50,000 with interest rate of 10% annually. Expected salvage value…
A: Depreciation is the total loss in value of an asset over the life of the asset. The value of asset…
Q: Biblio Files Company is making plans for its next fiscal year, and decides to sell two new types of…
A: The break even sales are the sales where business earns no profit no loss during the period. The…
Q: Concord Corporation is contemplating the replacement of an old machine with a new one. The following…
A: Sunk costs are costs which are incurred in past and are not relevant for decision making.
Q: Katie is a shareholder in Engineers One, a civil engineering company. This year, Katie's share of…
A: Calculation of Qualified business income are as follows
Q: Which of the following expenses, if any, is/are deductible? a.Contribution to an IRA. b.Job-hunting…
A: SOLUTION:- Correct answer:- Option C is correct answer Costs involved in maintaining an office in…
Q: A community public works project will cost $92,000 and will benefit five different individuals.…
A: It is deemed economically feasible if the project's benefits surpass its drawbacks when seen from…
Q: Consequences of Multiple Cash Distributions. At the beginning of the current (non-leap) year,…
A: Accumulated Earning and Profit The financial term "accumulated earnings and profits" (E&P)…
Q: Required Write a memo explaining why one company's P/E ratio may be higher than another company's…
A: Introduction: The price/earnings ratio reveals investors how much a company is worth. The P/E ratio…
Q: When a financial institution is a mutual association, it means that it is owned by the Group of…
A: Mutual Association a savings and lending organisation that doesn't have stakeholders and instead…
Q: From the chart below, what is the correct Debt Ratio? Current Assets $1,350 Total Assets $2,500…
A: The ratio analysis helps to analyse the financial statements of the business with respect to various…
Q: dont give handwrtten answer thanku
A: A statement of Financial Affairs is prepared to present a clear and true picture of the current…
Q: Socks Unlimited produces sports socks. The company has fixed expenses of $85,000 and variable…
A: CONTRIBUTION MARGIN Contribution margin per unit is computed by deducting Total Variable Cost per…
Q: Solve this
A: The total cost of production of a good comprises of the total fixed cost of production and the total…
Q: d. What amounts will Mega Mart report on the 2010 W-2s for each employee?
A: SOLUTION:- Amount will Mega Mart Report On 2010 W-2s For Marsha:- AMOUNT AMOUNT…
Q: 13. Statutory employees: a.Claim their expenses as deductions for AGI. b.Report their expenses as
A: Statutory employees refers to an independent contractor who is considered as an employee in order to…
Q: s income statement for the year ended 31 March 2019 and statements of financial position at 31 March…
A:
Q: Deemer Corporation has an activity-based costing system with three activity cost pools--Processing,…
A: Activity-based costing refers to the concept of assigning all the expenses involved in producing…
Q: Cameron Corporation manufactures custom-made purses. The following data pertain to Job XY5: Direct…
A: Solution Total cost refers to the cost which include direct material, direct labor and total…
Q: 12. Suppose a 10-year, $1000 bond with an 8% coupon rate and semiannual coupons is trading for a…
A: The entire return anticipated on a bond if it is kept to maturity is known as yield to maturity…
Q: The allowance account before
A:
Q: The Widget Company produces two types of widgets, Standard and Deluxe. Data related to the two…
A: Activity Rate :— It is calculated by dividing total estimated activity cost by total estimated…
Q: Answer the question below: Please include atleast one reference 1: Explain Audit data analytics in…
A: Audit Data Analytics means reviewing audit-related information by using technology. Large files or…
Q: Cash LO 2 + Assets Exercise 8-6A Allocating costs for a basket purchase Jourdan Company purchased a…
A: The process of evaluating the value of an asset is referred to as the appraisal methodology, and it…
Q: formation applies to the questions displayed below] Trey has two dependents, his daughters, ages 14…
A: Income Tax - Governments at the federal, state, and municipal levels all levy tax on the gross…
Q: During 2024, its first year of operations, Riley Construction provides services on account of…
A: The question is related to Journal entry of Accounts Receivables and bad debts. Bas debts are the…
Q: Goodman, Pinkman, and White formed a partnership on January 1, 2020, and made capital contributions…
A: Partnership is the business form that is carried by two or more partners with a motive to earn…
Q: What is the importance of accounting
A: Accounting principles are a set of general rules and recommendations that businesses must follow…
Q: SOLVE THE FOLLOWING USING EXCEL 8. A manager is trying to decide whether to purchase a certain part…
A: Variable cost is a production expense that increases or decreases depending on changes in a…
Q: SOLVE THE FOLLOWING USING EXCEL 1. Determine the utilization and efficiency for each of the…
A: Efficiency The ability to do a task with little to no waste, effort or energy is referred to as…
Q: Should LinkedIn and Facebook merge? What are the pros and cons of merger for the two firms? Should…
A: Should LinkedIn and Facebook merge? What are the pros and cons of merger for the two firms? There…
Q: Prat Corp started the Year 2 accounting period with $34,000 of assets (all cash), $14,000 of…
A: Introduction: Income statement is a financial statement It is an important statements to show you…
Q: Antonio Sanchez had taxable income of $35.950 in 2021. He will file a return using the single…
A: Lets understand the basics. Form 1099 - INT is a form which shows interest paid by different entity…
Q: un 19 Problem 4 VisludsoVallpara peentena Tuoy dohr 3 ot-al HYZEL Manufacturing Company sold 12,000…
A: UNIT PRODUCED No. Of Units Produced means How Much Units Manufacturing By the Company During…
Q: What is the company's current breakeven in units and in dollars? 2. If the company expects to sell…
A: “Since you have posted a question with multiple sub-parts, we will solve first three sub-parts for…
Q: Clayton participates in his employer's nonqualified deferred compensation plan. For 2022, he is…
A: Income after taxes refers to the amount that is to be left after making all the deductions from…
Q: Manatee Corporation purchased a special conveyor system on December 31, 2025. The purchase agreement…
A: Present value: It implies to the current valuation of a future stream of cash flows, discounted at a…
Q: Prepare the journal entries necessary to record the receipt of the note by Hooper, the accrual of…
A: A note receivable is a promissory note form in which one person promises to pay the money to another…
Q: Cost of Production Report Hana Coffee Company roasts and packs coffee beans. The process begins by…
A: The equivalent units are calculated on the basis of the percentage of the work completed during the…
Q: Arthur crafts miniature chocolate dollhouses which he sells for $28 each. Arthur has calculated the…
A: Contribution margin = Selling price - Variable Cost = $28 - $12 = $16 Contribution margin ratio =…
Q: P.Q. Enterprises operates a wholesale business. At the 2020 year end, the accounts receivable…
A: When the chances of non-collection of account receivables increase they are written off as bad…
Q: J5.
A: Introduction: The meaning of bottleneck: The process of bottleneck is a work stage that gets more…
Q: You decide to sell a house that you bought five years ago with the purpose of renting it. Its…
A: Capital gains occur when the selling price exceeds the cost of capital assets. If the asset is kept…
Step by step
Solved in 2 steps
- Manatoah Manufacturing produces 3 models of window air conditioners: model 101, model 201, and model 301. The sales price and variable costs for these three models are as follows: The current product mix is 4:3:2. The three models share total fixed costs of $430,000. Calculate the sales price per composite unit. What is the contribution margin per composite unit? Calculate Manatoahs break-even point in both dollars and units. Using an income statement format, prove that this is the break-even point.Cox Electric makes electronic components and has estimated the following for a new design of one of its products. . Fixed cost = $12,750 • Material cost per unit = $0.16 • Labor cost per unit = $0.12 • Revenue per unit = $0.62 Note that fixed cost s incurred regardless of the amount produced. Per-unit material and labor cost together make up the variable cost per unit. Assuming that Cox Electric sells all that it produces, profit is calculated by subtracting the fixed cost and total variable cost from total revenue. Construct an appropriate spreadsheet model to find the profit based on a given production level and use the spreadsheet model to answer these questions. (a) Construct a one-way data table with production volume as the column input and profit as the output. Breakeven occurs when profit goes from a negative to a positive value; that is, breakeven is when total revenue = the total cost, yielding a profit of zero. Vary production volume from 0 to 100,000 in increments of…Cox Electric makes electronic components and has estimated the following for a new design of one of its products. • Fixed cost = $12,350 • Material cost per unit = $0.16 Labor cost per unit = $0.12 • Revenue per unit = $0.66 Note that fixed cost is incurred regardless of the amount produced. Per-unit material and labor cost together make up the variable cost per unit. Assuming that Cox Electric sells all that it produces, profit is calculated by subtracting the fixed cost and total variable cost from total revenue. Construct an appropriate spreadsheet model to find the profit based on a given production level and use the spreadsheet model to answer these questions. (a) Construct a one-way data table with production volume as the column input and profit as the output. Breakeven occurs when profit goes from a negative to a positive value; that is, breakeven is when total revenue = the total cost, yielding a profit of zero. Vary production volume from 0 to 100,000 in increments of 10,000.…
- Cox Electric makes electronic components and has estimated the following for a new design of one of its products: Fixed cost = $10,000 Material cost per unit = $ 0.15 Labor cost per unit = $ 0.10 Revenue per unit = $ 0.65 These data are given in the file CoxElectric. Note that fixed cost is incurred regardless of the amount produced. Per-unit material and labor cost together make up the variable cost per unit. Assuming Cox Electric sells all that it produces, profit is calculated by subtracting the fixed cost and total variable cost rom total revenue. Create a spreadsheet model and construct a 1-way table and determine the breakeven point (use intervals of 10,000 units). Group of answer choices 20,000 - 30,000 10,000 - 20,000 30,000 - 40,000 25,000 30,000 20,000Cox Electric makes electronic components and has estimated the following for a new design of one of its products. Fixed cost = $12,350 • Material cost per unit = $0.16 •Labor cost per unit = $0.12 •Revenue per unit = $0.66 Note that fixed cost is incurred regardless of the amount produced. Per-unit material and labor cost together make up the variable cost per unit. Assuming that Cox Electric sells all that it produces, profit is calculated by subtracting the fixed cost and total variable cost from total revenue. Construct an appropriate spreadsheet model to find the profit based on a given production level and use the spreadsheet model to answer these questions. (a) Construct a one-way data table with production volume as the column input and profit as the output. Breakeven occurs when profit goes from a negative to a positive value; that is, breakeven is when total revenue = the total cost, yielding a profit of zero. Vary production volume from 0 to 100,000 in increments of 10,000.…Cox Electric makes electronic components and has estimated the following for a new design of one of its products. • Fixed cost = $12,350 • Material cost per unit = $0.16 • Labor cost per unit = $0.12 • Revenue per unit = $0.66 Note that fixed cost is incurred regardless of the amount produced. Per-unit material and labor cost together make up the variable cost per unit. Assuming that Cox Electric sells all that it produces, profit is calculated by subtracting the fixed cost and total variable cost from total revenue. Construct an appropriate spreadsheet model to find the profit based on a given production level and use the spreadsheet model to answer these questions. (a) Construct a one-way data table with production volume as the column input and profit as the output. Breakeven occurs when profit goes from a negative to a positive value; that is, breakeven is when total revenue = the total cost, yielding a profit of zero. Vary production volume from 0 to 100,000 in increments of…
- Cox Electric makes electronic components and has estimated the following for a new design of one of its products. Fixed cost = $23,750 • Material cost per unit = $0.17 • Labor cost per unit = $0.11 • Revenue per unit = $0.66 Note that fixed cost is incurred regardless of the amount produced. Per-unit material and labor cost together make up the variable cost per unit. Assuming that Cox Electric sells all that it produces, profit is calculated by subtracting the fixed cost and total variable cost from total revenue. Construct an appropriate spreadsheet model to find the profit based on a given production level and use the spreadsheet model to answer these questions. (a) Construct a one-way data table with production volume as the column input and profit as the output. Breakeven occurs when profit goes from a negative to a positive value; that is, breakeven is when total revenue = the total cost, yielding a profit of zero. Vary production volume from 0 to 100,000 in increments of 10,000.…Cox Electric makes electronic components and has estimated the following for a new design of one of its products: Fixed Cost = $7,000 Material cost per unit = $0.15 Labor cost per unit = $0.10 Revenue per unit = $0.65 Production Volume = 12,000 Per-unit material and labor cost together make up the variable cost per unit. Assuming that Cox Electric sells all it produces, build a spreadsheet model that calculates the profit by subtracting the fixed cost and total variable cost from total revenue, and answer the following questions. (a) Construct a one-way data table with production volume as the column input and profit as the output. Breakeven occurs when profit goes from a negative to a positive value; that is, breakeven is when total revenue = total cost, yielding a profit of zero. Vary production volume from 5,000 to 50,000 in increments of 5,000. In which interval of production volume does breakeven occur? to units (b) Use Goal Seek to find the exact breakeven point. Assign Set cell:…Cox Electric makes electronic components and has estimated the following for a new design of one of its products. . Fixed cost $27,000 Material cost per unit - $0.17 Labor cost per unit $0.11 Revenue per unit = $0.68 Note that fixed cost is incurred regardless of the amount produced. Per-unit material and labor cost together make up the variable cost per unit. Assuming that Cox Electric sells all that it produces, profit is calculated by subtracting the fixed cost and total variable cost from total revenue. Construct an appropriate spreadsheet model to find the profit based on a given production level and use the spreadsheet model to answer these questions, (a) Construct a one-way data table with production volume as the column input and profit as the output. Breakeven occurs when profit goes from a negative to a positive value; that is, breakeven is when total revenue the total cost, yielding a profit of zero. Vary production volume from 0 to 100,000 in increments of 10,000. In which…
- Hint(s) Check My Work Cox Electric makes electronic components and has estimated the following for a new design of one of its products: Fixed Cost $9,000 == Material cost per unit = $0.15 Labor cost per unit = $0.10 Revenue per unit = $0.65 Production Volume = 12,000 Per-unit material and labor cost together make up the variable cost per unit. Assuming that Cox Electric sells all that it produces, build a spreadsheet model that calculates the profit by subtracting the fixed cost and total variable cost from total revenue, and answer the following questions. (a) Construct a one-way data table with production volume as the column input and profit as the output. Breakeven occurs when profit goes from a negative to a positive value; that is, breakeven is when total revenue = total cost, yielding a profit of zero. Vary production volume from 5,000 to 50,000 in increments of 5,000. In which interval of production volume does breakeven occur? to units (b) Use Goal Seek to find the exact…Vista Company manufactures electronic equipment. It currently purchases the special switches used in each of its products from an outside supplier. The supplier charges Vista $5.20 per switch. Vista 's CEO is considering purchasing either machine A or machine B so the company can manufacture its own switches. The projected data are as follows: Machine A Machine B Annual fixed costs $ 582, 450 $ 792, 100 Variable cost per switch 1.67 0.75 Required: 1. For each machine, what is the minimum number of switches that Vista must make annually for total costs to equal outside purchase cost? 2. What volume level would produce the same total costs regardless of the machine purchased? 3. What is the most profitable alternative for producing 230,000 switches per year and what is the total cost of that alternative?Burnem Inc. manufactures thumb drives and sells them to a distributor. Burnem's total cost and total revenue (in dollars) for x thumb drives are given by the following equations. Total cost = 6(x + 4716) and Total revenue = 15x (a) How many thumb drives must Burnem sell to break even? X = thumb drives (b) What is the selling price of each item? $ (c) What are the fixed costs? $ (d) What is the marginal profit per item? $