6. . At a furniture factory, the averageselling price of a table is $18, the averagevariable expense per table is $ 9, and theaverage fixed expense per month is $12,000. On average 2, 000 tables are soldat each month. If sales increase by 20%,by how much should net operatingincome increase? A. $ 7,200 B. $ 10,000C. $8,000 D. $3,160

MARGINAL COSTING INCOME STATEMENT Marginal Costing Income Statement is One of the Important Cost…

Answered: 6. . At a furniture factory, the…

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Give what is being asked?1. If total cost and Expenses is P300,000 at breakeven point how much is the total sales?2. The unit selling price of a product is P20, if the total sales for the month is 5,000 units and this is the breakeven point sales volume.Answer question A-C with yes or no.a. Will there be an income in case 6,000 units were sold?b. Will be there be an income in case 4,000 units were sold?.c. If additional units were sold after selling 5,000 units will there be an income?d. How much is the total cost and expenses if 5,000 units were sold?
A company reported the following data: • Sales price per unit: $10 • Fixed cost per month: $20,000 Variable cost per unit: $2 How many units must this company sell each month in order to reach a target profit of $50,000?
If D = 8,400 per month, S = $43 per order, and H = $1.50 per unit per month, a) What is the economic order quantity? The EOQ is 694 units (round your response to the nearest whole number). b) How does your answer change if the holding cost doubles? The EOQ is whole number). units (round your response to the nearest
1. The Willow Furniture Company produces tables. The fixed monthly cost of production is$8,000, and the variable cost per table is $65. The tables sell for $180 apiece. a. For a monthly volume of 300 tables, determine the total cost, total revenue, and profit. b. Determine the monthly break-even volume for the Willow Furniture Company.
1. A small manufacturing operation can produce a certain product that sells for P64 per unit. The variable cost per unit is P36, and the fixed cost per week is P5,600. a. How many units must they sell per week to break even? b. Determine the firm's weekly profit or loss if it sells 340 units.
Suppose a monopolist's profit-maximizing output is 500 units per week and that the firm sells its output at a price of $50 per unit. The firm has total costs of $7,000 per week. Assume the monopolist is maximizing its profit and earns $35 per unit from the sale of the last unit produced each week. Instructions: Enter your answers as a whole number. a. What are the firm's weekly economic profits? b. What is the firm's marginal cost? c. What is the firm's average total cost?
2.6 The Charleston Company has fixed costs of Birr 20,000 per month, and variable costs of Birr 15 per unit of output. The company would like to earn profits of Birr 4,000 per month. At a sales volume of 12,000 units per month, what sales price per unit would the company have to charge in order to achieve its targeted monthly profit?
Amber Manufacturing provided the following information for last month: Sales $20,000 Variable costs 6,000 Fixed costs 2,000 Operating income $5,000 If sales double next month, what is the projected operating income? a. $10,000 b. $25,000 c. $19,000 d. $12,000 Desktop
Menlo Company distributes a single product. The company’s sales and expenses for last month follows: picture1 Required:1. What is the monthly break-even point in unit sales and in dollar sales?2. Without resorting to computations, what is the total contribution margin at the break-even point?3. How many units would have to be sold each month to earn a target profit of $90,000? Use the formula method. Verify your answer by preparing a contribution format income statement at the target sales level.4. Refer to the original data. Compute the company’s margin of safety in both dollar and percentage terms.5. What is the company’s CM ratio? If sales increase by $50,000 per month and there is no change in fixed expenses, by how much would you expect monthly net operating income to increase?
If the selling price per unit is $80, the variable expense per unit is $40, and total fixed expenses are $250,000, what are the breakeven sales in dollars? A. $3,125 B. $125,000 c. $500,000 D. $166,667
Company XYZ is producing and selling 2,500. At this level, the selling price per unit is $10, the variable expenses per ?unit is $6, and fixed expenses are $1,500. How much is the profit $13,500 a O $8,500 .b O $16,000 .c O $11,000 .d O $6,000 .e O
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