Cincysavers sells a product that has a per unit selling price of $18 and per unit variable expenses of $7. Total fixed expenses are $9,300. They are currently selling 1,500 units of this product. What is per unit contribution margin? O $5 $18. O $11 O $7
Q: Exercise 11-14 (Algo) Recording and reporting treasury stock On October 10, the stockholders' equity…
A: The treasury stock includes the own shares of the company repurchased from the shareholders. The…
Q: At John's company, two types of candles are created from the common melting and molding process:…
A: Lets understand the basics.Joint costs are the shared production expenses incurred when several…
Q: a) Compute the annual net cash flow. >) Compute the payback period. =) Compute the accounting rate…
A: Accounting rate of return (ARR):- It is a capital budgeting formula that is used to determine the…
Q: Which, if any, of the following items is subject to indexation (adjusted to reflect inflation)? O a.…
A: Indexation is a process of adjusting a value to reflect changes in inflation. This is done to ensure…
Q: The Carrasco Company has provided you the following information pertaining to its defined benefit…
A: The cost incurred by a business to fund its worker's pension plans is referred to in accounting as…
Q: TKE Corporation established a defined benefit pension plan in 2016. TKE has provided the following…
A: Pension is defined as the fund collected from the taxpayer or employee during his term of…
Q: Department A had 4,400 units in Work in Process that were 80% completed at the beginning of the…
A: The equivalent units are calculated on the basis of the percentage of the work completed during the…
Q: Comparative financial statement data for Carmono Company follow: Assets Cash and cash equivalents…
A: One of the three essential financial statements that business leaders rely on is the cash flow…
Q: Cash flows from (used for) operating activities-indirect method The net income reported on the…
A: The cash flow from operating activities include the cash flow from regular activities of the…
Q: Assume the following data for Blossom Home Appliance Repair for the payroll quarter ended March 31.…
A: The business organizations enter the transactions into the journal for the purpose of keeping track…
Q: Inventory Costing Methods-Periodic Method Archer Company is a retailer that uses the periodic…
A: Inventory is one of useful current asset being used in business. It can be valued by different…
Q: On January 1, 2021, Ivanhoe Ltd. purchased equipment for $768,000. The equipment was assumed to have…
A: Impairment of assets is a critical accounting concept as it ensures that the company's financial…
Q: Anderson Brown worked 39 hours during the first week of the calendar year and earns regular wages of…
A: Social Security tax(SST) is imposed on both the employer and employee of the firm in order to…
Q: On June 1, 2016, TCO enters into a forward agreement with XYZ to buy 100,000 gallons of fuel oil at…
A: A forward contract is a financial derivative contract between two parties that agree to buy or sell…
Q: On December 3, the Celtics sold a six-game pack of advance tickets for $3,000 cash. On December 20,…
A: The journal entries are prepared to record the transactions on regular basis.The sales revenue is…
Q: Brandtly Industries invests a large sum of money in R&D; as a result, it retains and reinvests all…
A: Determining a firm's economic worth is the process of conducting a business assessment, also…
Q: Clean Duds Laundromat has an industrial water softener that enhances the water quality used in its…
A: It is the process of making decisions that involve the management of costs in order to achieve…
Q: Boles Bottling Company has issued rights to its shareholders. The subscription price is $76 and five…
A: Stocks refer to the concept which is defined as the security that represents the ownership of the…
Q: Rebecca is a doctor with an AGI of $125,000 before consideration of income or loss from her dog…
A: As per the Honor code of Bartleby we are bound to give the answer of first two sub part only as the…
Q: Correct Answer You Answered ABC Co. anticipates selling 29,000 units of a major product and paying…
A: Static Budget in Cost AccountingA static budget in cost accounting is one that remains unaltered…
Q: Seventy-Two Inc., a developer of radiology equipment, has stock outstanding as follows: 70,000…
A: Lets understand the basics.Shares are divided into two types which are,(1) Common stock(2) Preferred…
Q: On December 31, records show the following accounts. $ 26,000 3,500 10,500 Cash Accounts receivable…
A: The balance sheet is one of the financial statements of the business. The balance sheet represents…
Q: Exercise 10-5 (Algo) Working Backwards from Labor Variances [LO10-2] Quality Motor Company is an…
A:
Q: 1. Prepare a production budget and a direct-labor budget for Spiffy Shades Corporation by month and…
A: A budget is a forecast of revenue and expenses for a certain future period of time that is generally…
Q: Erin Shelton, Incorporated, wants to earn a target profit of $930,000 this year. The company's fixed…
A: “Since you have posted a question with multiple sub-parts, we will solve first three sub-parts for…
Q: For each of the following situations involving single amounts, solve for the unknown. Assume that…
A: Finance and investment professionals utilize the notions of present value factor and future value…
Q: 5. Asssume that the revenue for product A is $3,500. The variable costs are $425. What is the PV? O…
A: Variable cost means the cost which vary with the level of output where as fixed cost remain fixed…
Q: c. Compute the unit cost of each model of backpack using the department allocation rates computed in…
A: Direct Labor Hours for each backpack =Direct labor cost per unitDirect labor rate per…
Q: Question 3: On March 1, Orono Co. began construction of a small building. The following expenditures…
A: Weighted average accumulated cost is the method which is used by the company in order to determine…
Q: Rogrer Company received a machine with a fair value of $130,000 and a building with a fair value of…
A: Additional Paid in CapitalThe amount of capital given by investors that is over and above the…
Q: A machine with a cost of $170,000 and accumulated depreciation of $105,000 is sold for $56,000 cash.…
A: Cash Flow From Operating Activities :— Operating activities are the principal revenue producing…
Q: The following information describes a company's usage of direct labor in a recent period. The direct…
A: When the standard cost of labor differs from the actual wage cost, the labor variance arises.It can…
Q: Crescent Lighting Inc. produces and sells lighting fixtures. An entry light has a total cost of $66…
A: Total cost means the amount incurred to produce a product. It can be variable or fixed cost. Total…
Q: Under its executive stock option plan, National Corporation granted 30 million options on January 1,…
A: The stock option plan refers to when the company offers to provide an option for the employees and…
Q: Paradise Hills Berry Farm has 26 employees who are paid biweekly. The payroll register showed the…
A: A journal entry is a form of accounting entry that is used to report a business transaction in a…
Q: Take me to the text The following data is available for MNO Company for the year ended December 31,…
A: Return on assets :— It is the ratio between net income by average total assets. It is calculated by…
Q: If the partnership agreement does not specify how income is to be allocated among the partners,…
A: A partnership is a contract between two or more persons to form a business and share profits and…
Q: 4) PW Corp has a two-step manufacturing process - Fabrication and Assembly. For the Fabrication…
A: Equivalent units are units that are completed or manufactured in the particular period. Cost per…
Q: Washington Company is preparing its statement of cash flows using the indirect method. Refer to the…
A: CASH FLOW STATEMENTCash flow statement provides additional information to user of financial…
Q: Vulcan Flyovers offers scenic overflights of Mount Saint Helens, the volcano in Washington State…
A: Flexible budget variance is the difference between actual results and a flexible budget. Flexible…
Q: OptiLux is considering investing in an automated manufacturing system. The system requires an…
A: Internal rate of return method:-The internal rate of return is the discount rate at which the net…
Q: Kevin and Shuang have two children, ages 8 and 14. In 2021 they spend $16,200 on eligible employment…
A: GIVENKevin and Shuang have two children, ages 8 and 14.In 2021 they spend $16,200 on eligible…
Q: The Pen, Evan, and Torves Partnership has asked you to assist in winding-up its business affairs.…
A: An organization's operations are terminated during winding up, and any leftover assets are…
Q: USE THE FOLLOWING INFORMATION TO ANSWER QUESTIONS 4 TO 6. Whittle Ltd is preparing a cash budget…
A: Sales are made on cash and credit basis. The amount to be collected from sales made on credit basis…
Q: Discuss the problems a company may have by looking at short term profit as a measure of performance
A: A measure of performance refers to a indicator used to assess how effectively and efficiently an…
Q: please answer within the format by providing formula the detailed working Please provide answer in…
A: ACCOUNTING RATE OF RETURNAccounting Rate of Return is one of the important Capital Budgeting…
Q: On January 1, a company issued a $500,000, 10%, 8-year bond payable, and received proceeds of…
A: Bonds are the securities which are issued by the entities in order to raise capital for the…
Q: Oriole Company manufactures deep-sea fishing rods, which it distributes internationally through a…
A: Variance arises when the actual costs differ from the standard costs. The results are favorable…
Q: Carlberg Company has two manufacturing departments, Assembly and Painting. The Assembly department…
A: The equivalent units are calculated on the basis of the percentage of the work comlpeted during the…
Q: Simon Company's year-end balance sheets follow. At December 31 Assets Cash Accounts receivable, net…
A: The current ratio tells about the relation between current assets and current liabilities of the…
Please do not give solution in image format thanku
Trending now
This is a popular solution!
Step by step
Solved in 3 steps
- A company sells its products for $80 per unit and has per-unit variable costs of $30. What is the contribution margin per unit? A. $30 B. $50 C. $80 D. $110A company’s product sells for $150 and has variable costs of $60 associated with the product. What is its contribution margin per unit?A. $40B. $60C. $90D. $150Anna Inc. sells two products as follows: Product A Product B Units sold 3,800 4,750 Selling price per unit $300 $450 Variable costs per unit $120 $270 The company has the following fixed costs: Product A, $613,000, Product B, $1,023,000, and common fixed costs of $372,800. Using the above information answer the following questions. What is the package contribution margin? HINT: this is a dollar value so please round to the nearest penny. What is the break-even in packages? How many units of Product A are required to break-even? How many units of Product B are required to break-even?
- Bergman Ltd has the following product information available: Sales price $12 per unit Variable costs $4 per unit Fixed costs $15,600 Units sold 10,400 How many units need to be sold in order to earn a target profit of $150,000?XYZ Company's product has a contribution margin per unit of $12 and a variable cost ratio of 90%. What is the selling price of the product? Select one: Oa. $120. Ob.$28.125. Oc.$37.5. O d. $60. Oe. $22.5. Next page leMazoon Company has information on its revenue and costs is as follows: Selling price per unit $80; Variable costs per unit includes: Direct material $16, Direct manufacturing labor $8, Manufacturing overhead $8, and Selling costs $10; Annual fixed costs $96,000. What is the contribution margin percentage? Finisk a. 47.5% O b. 52.5% O c. 70% ype here to search & 7. V 3 5. 8. W. R Y. G H. V M alt ctri alt 立
- Example 3: Malak Company sells two products X and Y. More information follows: Selling price per unit variable cost per unit Sales mix common fixed costs Product X $100 $70 3 units of X are sold for each 2 units of Y $25,090 Product Y $200 $180 Required: 1. What is the overall contribution margin per unit?If the selling price per unit is $15, the unit contribution margin is $5, and total fixed expenses are $14,500, what are the breakeven sales in units? A. 966.6667 B. 2,900 C. 72,500 D. 217,500The Poster company sells a product with a per-unit contribution margin of $412. The company has fixed costs of $8,500 and like to achieve a $6,000 profit. How many units must they sell to cover fixed costs and achieve their target profit? A 24 units B 35 units 62 units 58 units
- 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 OKelly Company has the following data: Sales Price per unit $590 Variable Cost per unit $413 Total Fixed Costs $10,000 If the owner wants a $20,000 target profit, what would be the amount of sales reversr e tr answer to the nearest dollar.) O $42,857 O $66,667 O $100,000 O $28,571The Xyden Company sells grips for P6 per unit. Variable costs are P2 per unit. Fixed costs are P37,500. How many grips must be sold to realize a profit before income taxes of 15% of sales? a. 9,375 units b. 9,740 units c. 11,029 units d. 12,097 units