Company XYZ operates with a single product. The following simple income statement relates to last year when sales units totaled 27,000.        Variable Costing   Total Per Unit Sales  $    513,000.00  $         19.00 Variable COGS  $    221,400.00  $           8.20 Variable S&A  $       54,000.00  $           2.00    $    237,600.00  $           8.80 Fixed Mfg Overhead  $    154,000.00   Fixed S&A Expense  $       42,000.00   Net Op Income  $       41,600.00               A. Company XYZ unit production for the year totaled 28,000 units. Prepare a GAAP Income statement for XYZ. Reconcile and differences between the Variable Costing and GAAP Net Operating Incomes.

The contribution format income statement for Huerra Company for last year is given below: Total Unit $ 998,000 598,800 399,200 319,200 Sales $ 49.90 Variable expenses Contribution margin Fixed expenses 29.94 19.96 15.96 Net operating income Income taxes @ 40% 80,000 4.00 32,000 1.60 Net income $ 48,000 $ 2.40 The company had average operating assets of $506,000 during the year. Required: 1. Compute the company's return on investment (ROI) for the period using the ROI formula stated in terms of margin and turnover. For each of the following questions, indicate whether the margin and turnover will increase, decrease, or remain unchanged as a result of the events described, and then compute the new ROI figure. Consider each question separately, starting in each case from the data used to compute the original ROI in (1) above. 2. Using Lean Production, the company is able to reduce the average level of inventory by $106,000. (The released funds are used to pay off short-term creditors.) 3.…

The contribution format income statement for Huerra Company for last year is given below:     Total Unit Sales $ 1,008,000 $ 50.40 Variable expenses 604,800 30.24 Contribution margin 403,200 20.16 Fixed expenses 323,200 16.16 Net operating income 80,000 4.00 Income taxes @ 40% 32,000 1.60 Net income $ 48,000 $ 2.40   The company had average operating assets of $499,000 during the year.   Required: 5. As a result of a more intense effort by sales people, sales are increased by 10%; operating assets remain unchanged. 6. At the beginning of the year, obsolete inventory carried on the books at a cost of $18,000 is scrapped and written off as a loss, thereby lowering net operating income. 7. At the beginning of the year, the company uses $178,000 of cash (received on accounts receivable) to repurchase some of its common stock.

Teague Co. reports the following data: Sales   $489,300 Variable costs   278,900 Contribution margin   $210,400 Fixed costs   170,700 Income from operations   $39,700 Determine Teague Co.’s operating leverage. Round your answer to one decimal place.fill in the blank 1

Franklin Modems, Inc. makes modem cards that are used In notebook computers. The company completed the following transactions during year 1. All purchases and sales were made with cash. 1. Acquired $820,000 of cash from the owners. 2. Purchased $305,900 of manufacturing equipment. The equipment has a $37,000 salvage value and a four-year useful life. 3. The company started and completed 5,700 modems. Direct materials purchased and used amounted to $47 per unit. 4. Direct labor costs amounted to $32 per unit. 5. The cost of manufacturing supplies used amounted to $11 per unit. 6. The company paid $57,800 to rent the manufacturing facility. 7. Franklin sold all 5,70e units at a cash price of $155 per unit. 8. The sales staff was paid a $9.50 per unit sales commission. 9. Paid $46,eee to purchase equipment for administrative offices. The equipment was expected to have a $3,700 salvage value and a three-year useful life. 10. Administrative expenses consisting of office rental and salaries…

Subject: accounting

Copr. Goedl Uplift, Inc. has two divisional units-Bha and Cha. Total fixed expenses fro the organization are $96,000. Data for the units is presented below: Sales Variable expenses Traceable fixed expenses $45,000 Bha $30,000 $100,000 $70,000 $24,000 Cha $90,000 $45,000 Compute the segment breakeven in sales dollars for Bha. $82,000 $70,000 $41,000 $80,000 SUBMIT

The contribution format income statement for Huerra Company for last year is given below. Total $1,006,000 603,600 Unit $ 50.30 30.18 402,400 20.12 322,400 16.12 Sales Variable expenses Contribution margin Fixed expenses Net operating income Income taxes @ 40% Net income 80,000 32,000 $ 48,000 4.00 1.60 $2.40 The company had average operating assets of $502,000 during the year. Required: 1. Compute the company's margin, turnover, and return on investment (ROI) for the period. For each of the following questions, indicate whether the margin and turnover will increase, decrease, or remain unchanged as a result of the events described, and then compute the new ROI figure. Consider each question separately, starting in each case from the data used to compute the original ROI in (1) above. 2. Using Lean Production, the company is able to reduce the average level of inventory by $93,000. 3. The company achieves a cost savings of $7,000 per year by using less costly materials. 4. The company…

Tyler Company has the following information pertaining to its two product lines for last year: Variable selling and admin. expenses Direct fixed expenses Sales Direct fixed selling and admin. expenses Variable expenses Operating income Common expenses are $105,000 for the year. What is the income for Tyler Company? $102,500 $120,500 $99,000 $101,000 Product A $38,000 19,500 250,000 38,000 42,000 $112,500 " Product B $31,000 34,500 210,000 22,000 31,000 $91,500

Q # 1: The income statement for the Stylo Company for the past year is: Sales (150000 units @ $30) Cost of Goods Sold: $4,500,000 Materials $1,050,000 1,500,000 450,000 500,000 Labour Variable FOH 3,500,000 $1,000,000 Fixed FOH Gross Profit Variable Marketing Expenses Fixed Marketing Expenses Fixed Administrative Expenses $ 135,000 185,000 180,000 500,000 $ 500,000 250,000 $ 250,000 Income before Tax Income Tax Net Inco me Woodstock is preparing its budget for the coming year and has made the following predictions about cost increases: material 5%, labour 8%, all other costs including fixed 6%. Productive capacity is 200,000 units. The president has been offered various proposals by the division managers as follows: Maintain the present volume and sales price Produce and sell at capacity and reduce the unit price $28. Raise the unit price to $32, spend an extra # 300,000 on advertising, and produce and sell 180,000 un its. Required: Recommended action, based on quantification of…