ABCD1 The cost data for Evencoat Paint for the year 2019 is as follows:2Equipment3Gallons of PaintMaintenanceMonthProducedExpense4Jan110,000$70,700.005Feb68,000$66,800.0060Mar71,000$67,000.007Apr77,000$68,100.00ос8May95,000$69,200.009Jun101,000$70,300.0010Jul125,000$70,400.0011Aug95,000$68,900.0012Sep95,000$69,500.0013Oct89,000$68,600.0014Nov128,000$72,800.0015Dec122,000$71,450.00 ACDUsing the high-low method, estimate variable cost per unit and total fixedcostHighestLowestChangeActivityCostVariable Cost / Unit of ActivityFixed CostUsing the results of A, express the overtime wages as an equation where xrepresents the number of invoices processedPredict the maintenance costs if 90,000 gallons of paint are produced.Predict the maintenance costs if 81,000 gallons of paint are produced.

Evencoat Paint Cost AnalysisA. High-Low MethodIdentify Highest and Lowest Activity Levels:Highest…

Answered: A B C D 1 The cost data for Evencoat…

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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W https://education.wiley. B ch01 (Fall 2020) - PRI WP Final Exam (Fall 2020) B Present Value Tables (1.. Final Exam (Fall 2020) -/6 Question 34 of 50 View Policies Current Attempt in Progress Crane Products plans to produce 10500 units in January. Each unit requires 3 pounds of plastic, which costs $2 per pound. What standard material cost would the company use to plan for production? $5250 O $3500 O $2 O $6 Save for Later Attempts: 0 of 1 used Submit Answer MacBook Air 80 F3 888 F4 F2 F5 F6 F7 F8 F9 @ 24 * 6. 7 Q W R. T Y 23
QUESTION 5 A) A company sells product X & Y Sales for the year ended 2019 are: X: 5000 units @ ¢10 each Y: 3000 units @ ¢12 each The company expects to sell the following units in 2020: X: 6000 units @ ¢15 each Y: 4500 units @ ¢18 each Additional information: i) Budgeted opening stock X: 1000 units Y: 800 units Budgeted closing stock: X: 2000 units Y: 1500 units ii) Materials A and B are used to produce products X and Y based on the following ratio in order to produce one unit of X & Y Product Material A Material B X 3kg 2kg Y 2kg 1kg Purchase price ¢10 per Kg ¢12 per kg iii) Material A Material B Opening stock 8000 5000 Closing stock 6000 3500 (iv) The company has only one grade of labour and uses 3 hours to produce one unit of X 2 hours to produce one unit of Y Labour rate would be ¢20 per hour Required: Prepare the following budgets for 2020 Sales budget Production budget Direct Material usage budget Direct Material purchase budget Direct labour…
G 1. Compute the companys deg X Connect tent A https://ezto.mheducation.com/ext/map/index.html?_con%3Dcon&external_browser=0&l Saved napter 05 Hudson Co. reports the contribution margin income statement for 2019. HUDSON CO. Contribution Margin Income Statement For Year Ended December 31, 2019 Sales (9,600 units at $225 each) Variable costs (9,600 units at $180 each) Contribution margin Fixed costs $2,160,000 1,728,000 $432,000 324,000 Pretax income $ 108,000 1. Compute the company's degree of operating leverage for 2019. 2. If sales decrease by 5% in 2020, what will be the company's pretax income? 3. Assume sales for 2020 decrease by 5%. Prepare a contribution margin income statement for 2020. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Compute the company's degree of operating leverage for 2019. Degree of operating leverage 3.0 ост 20 W
Candlemania, Inc. is a maker of scented candles in decorative containers. During 2020, the company sold 30,000 candles at a sales price of $120 each. Following are the 2022 financial results: Candlemania, Inc. Contribution Format Income Statement For the Year 2022 $ 3,600,000 Sales Less variable costs: Direct mate 540,000 Direct laboi 600,000 Variable ov 660,000 Total variable costs Contribution Margin Less fixed costs: 1,800,000 $ 1,800,000 500,000 $ 1,300,000 Income before taxes You are the top managerial accountant at Candlemania, and are scheduled to meet with the company's CEO next week to discuss the financial outlook for 2023. In particular, the CEO will want to know what steps the company might take to improve its 2022 income performance. You expect to be asked questions about the impact that various changes in sales price, sales volume, and costs would have on the company's contribution margin, breakeven point, margin of safety, and income. In addition, the CEO is likely to…
Question 3: Sobar Company's financial information is given in the table below. Sales (OMR) Fixed Costs 405000 450000 Variable Costs 225000 240000 Year 2019 90000 | 2020 120000 Calculate: a) P/V ratio, b) B.E.P.
Question 3: Sohar Company's financial information is given in the table below. Year 2019 2020 Sales (OMR) Fixed Costs | 405000 | 450000 | 90000 120000 Variable Costs | 225000 240000 Calculate: ---uyuie d) Margin of safety at a profit of OMR 50000 e) Profit when sales are OMR. 200000. - VIVI.
Question17 Given the information shown below, what are the costs for the production labor category for the weekly sales estimate level of $20,000? Labor Category Management 10.0% Service % Cost to Production 15.0% Sanitation Total Sales Total 3.0% 3.0% 31.0% Weekly Sales Estimate $19,000 $20,000 $21,000 ??? 0,000. Т.
Cost Allocation To: uality ontrol 78,400✔ 21,600 100,000) 0 Fabricating 140,600 28,800 20,000 S 189,400 S $ $ $ SA Finishing 9,820 X 21,600 50,000 81,420
Q29 Consider the following costs associated with all work packages (WP A and WP B) of a project: WP A B Labor hours Type 1 30 5 Labor hours Type 2 30 20 Labor hours Type 3 10 60 The rate of Labour hours Type 1 is $15. The rate of Labour hours Type 2 is $25. The rate of Labour hours Type 3 is $35. Calculate the total cost of the project. Material Equipment $500 $200 $100 $1,000 Subcontracts $8000 $2000 Other $300 $400
10 11 For questions 10-12, refer to the following problem: A manufacturing company is planning to make a newly developed product. Annual fixed cost for manufacturing of the product is $60,000. The selling price is S unit, and the variable cost is $6/unit. 10. To break even; the annual production level for the company needs to be at, a. 10,000 units b. 20,000 units c. 15,000 units d. 6,000 units 11. To make profit of $16,000; the annual production level for the company needs to be at, a. 19,000 units b. 19,500 units c. 20,000 units d. 31,000 units 12. If the company sets annual production at 12,000 units, what must the selling price be to beak even. Assume annual fixed cost is still $60,000 and unit varable cost is $- unit. a. $15/unit b. $10/unit c. $12/unit d. Sunit For questions 13 - 16, refer to the following problem: A company is considering two options for production of a part needed in manufacturing process. Cost information for these two options is as follows:…
3. FedExpress has the following information about its truck fleet miles and operating costs:Year Miles Operating2017 400,000 $256,0002018 480,000 $280,0002019 560,000 $320,000What is the best estimate of total costs using the high-low method if the expected fleet mileage for 2020 is 500,000 miles?A. $288,000.B. $296,000.C. $256,000.D. $320,000. Give workings for your answer
Additional information for No.'s 1 and 4 Selling and administrative expenses are 60% fixed and 40% variable What is the net income for 2020 under the Variable Costing Method? What is the net income for 2020 under the Absorption Costing Method? What is the net income for 2021 under the Variable Costing Method? What is the net income for 2021 under the Absorption Costing Method?

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