Isaac Company has estimated the following costs for this year for 240,000 units: Manufacturing Selling & Administrative Variable $150,000 $65,000 Fixed 350,000 135,000 Total $200,000 $500,000 Calculate the manufacturing cost markup needed to obtain a target profit of $100,000.

Want Correct Answer with Explanation

for XYZ company, the following information related to costs is available for the last quarter: direct materials $1,000, direct labor $3,000, variables MOH $200, fixed MOH $1,800 and selling and administrative expenses $3,000. the product cost under absorption costing is: a) $6000 b)4200 c)5800 d)9000

Rongon Company manufactures twotypes of product. Selected information is given below:FantasyJoySelling price per unit$25$150Variable expenses per unit$15$35Number of units sold annually20,0005,000Fixed expenses total $480,800 per year. Required: i.Assuming the sales mix given above, do the following: a. Prepare a contribution format income statement showing both dollar and percent columns for each product and for the company as a   whole. b. Compute the break-even point in dollars for the company as awhole and the margin of safety in both dollars and percent.ii.The company has developed a new product to be called Delight. Assume that the company could sell 10,000 units at $65each. The variable expenses would be $58each. The company’s fixed expenses would not change. a. Prepare another contribution format income statement, including sales of the Samoan Delight (sales of the other two products would not change). b. Compute the company’s new break-even point in dollars and the new margin…

Provide correct answer

III. NadasellsorangejuiceforOMR1.00pergallon.ThevariablecostperunitisOMR0.80,andthefixed costs per month are OMR 1,000. You are required to;A) Calculate the total costs if Nada produces 10,000 units?   B)Calculate the total profit earned by Nada if they produce and sell 10,000 units?

What is the net income for April 2022 under absorption costing?

Give true answer

A division sold 250,000 calculators during 2020: Sales 3,000,000 Variable costs: Materials 690,000 Order processing 250,000 Billing labor 200,000 Selling expenses 110,000 Total variable costs 1,250,000 Fixed costs 1,500,000 How much is the unit contribution margin?

Jerome Company has manufactured a product and has provided you the following relevant range of 30,000 to 50,000 units produced and sold annually: Units produced and sold 30000 40000 50000 Particulars Units Units Units Total Costs: Variable Costs $ 180,000 S 300,000 $ 480,000 ? ? Fixed Costs ? ? Total Costs ? ? Costs per Unit: Variable cost ? ? ? Fixed cost ? ? ? Total cost per unit: You are required to calculate net operating income if the company produces and sells 45,000 units during the year at a selling price of $16 per unit. a. Net income for the year is $250,000 b. Net income for the year is $150,000 c. Net income for the year is $175,000 d. Net income for the year is $215,000