Jaybird Company operates in a highly competitive market where the market price for its product is $55 per unit. Jaybird desires a 30% profit per u Jaybird expects to sell 5,000 units. Additional information is as follows: Variable Costa per Unit Fixed Costs (total) $ 6 Overhead 7 General and administrative Direct materials $ 45,000 18,000 Direct labor Overhead General and administrative 11 To achieve the target cost per unit, Jaybird must reduce total expenses by how much?

Company G has the following information on its management books: Price per Unit: $8 Variable Costs per Unit: $2 Total Fixed Costs: $24,000 How many units must Company G sell to make a profit of $12,000?

Sassy Company uses the product cost concept of applying the cost-plus approach to product pricing (this is the one we learned). Sassy Company desires a profit equal to a 15% rate of return on invested assets of $550,000. The costs and expenses of producing 35,000 units of Product H are as follows: (NOTE: This is the same fact pattern as the previous two questions) Fixed factory overhead cost $35,000 Fixed selling and administrative costs 16,500 Variable direct materials cost per unit 2.60 Variable direct labor cost per unit 4.30 Variable factory overhead cost per unit 1.30 Variable selling and administrative cost per unit 0.75 The markup percentage on total cost for the company's product is: O 23.2% 38.9% O not possible to calculate with the information provided O 29.8%

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Spruce Enterprises anticipates fixed costs of $25,000. Variable costs and expenses are expected to be 60% of sales. The president has asked you to develop a worksheet to calculate sales needed to break even and sales needed to achieve any desired net income (file name DESNI). Your worksheet should include a Data Section that contains fixed costs, desired net income, and variable costs as a percentage of sales. Assume as initial input for your model that the company wishes to achieve a net income of $10,000.

5. (A) Explain in detail the meaning of Contribution Margin. (B) Robeson Company expects to produce and sell 500 units next month. Data on costs foll Per unit costs: Selling price Variable manufacturing costs Variable selling costs $8.00 $2.75 $0.25 Total costs: Fixed manufacturing costs Fixed selling costs REQUIRED: $1,000 $ 125 What is the breakeven point in units? What is the breakeven point in sales dollars? What is the expected operating income for next month? What is the margin of safety in dollars? i. ii. iii. iv.

Solomon company has total fixed cost of $15,000, variable cost per unit of $6, and a price of $8. If Solomon wants to earn a target profit of $3,600, how many units must be sold? 2,500 7,500 9,300 18,600 18,750

Giddings Company manufactures and sells a single product, Product G. The product sells for $60 per unit and has a contribution margin ratio of 40 percent.  The company's monthly fixed expenses are $28,800.   If the selling price is reduced by 5%, variable costs per unit reduced by $1.00, and fixed costs increased to a total of $40,750, how many units would need to be sold to earn operating income equal to 10% of sales revenue?  (Ignore income taxes.)

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Compare the following two companies: Company A is a retail merchandise firm with current sales of $4,000,000 and a 45% contribution margin. Company A's fixed costs are $600,000. Company B is a service firm with current service revenue of $2,800,000 and a 15% contribution margin. Company B’s fixed costs are $375,000.  The following names are to be considered when completing this problem: Operating Income Variable Costs Sales Fixed Costs per Unit Selling Price per Unit Variable Cost per Unit Contribution Margin Fixed Costs Operating Loss 1. Based on the information given, prepare a complete contribution margin income statement for Company A: Company AContribution Margin Income StatementProjected                     2. Based on the information given, prepare a complete contribution margin income statement for Company B: Company BContribution Margin Income StatementProjected                     3.Compute the degree of operating leverage for…