Lily's Pastries produces cupcakes, which sell for $5.00 each. During the current month, Lily produced 2,800 cupcakes, but only sold 2,300 cupcakes. The variable cost per cupcake was $3.10 and the sales commission per cupcake was $0.40. Total fixed manufacturing costs were $1,700 and total fixed marketing and administrative costs were $1,400. What is the product cost per cupcake under absorption costing?

Legrand Company produces hand cream. In 2018, their financial information is as follows:Each jar sells for: $3.40Total variable cost (materials, labor, and overhead) per jar: $2.55Total fixed cost: $58,140Total jars sold in 2018: 81,6001. Calculate the break-even sales dollar?

Good Scent, Inc., produces two colognes: Rose and Violet. Of the two, Rose is more popular. Data concerning the two products follow: Expected sales (in cases) Selling price per case Direct labor hours Machine hours Receiving orders Packing orders Material cost per case Direct labor cost per case The company uses a conventional Direct labor benefits Machine costs Receiving department Packing department Total costs All depreciation Fixed $ Rose Violet Break-even cases of Rose Break-even cases of Violet 47,000 9,400 $103 $80 35,800 5,550 10,250 2,700 $53 $12 costing system and assigns overhead costs to products using direct labor hours. Annual overhead costs follow. They are classified as fixed or variable with respect to direct labor hours. Variable $210,885 186,500 243,965 233,000 142,500 $562,000 $454,850 Break-even cases of Rose Break-even cases of Violet 51 104 24 55 Required: 1. Using the conventional approach, compute the number of cases of Rose and the number of cases of Violet…

Wren Co. manufactures and sells two products with selling prices and variable costs as follows: A) selling price $18.00, variable costs $12.00, and B) selling price $22.00, variable costs $14.00. Wren's total annual fixed costs are $38,400. Wren sells four units of A for every unit of B. If operating income was $28,800 what was the number of units Wren sold?

Please explain the step so I can understand.   Gobblecakes is a bakery that specializes in cupcakes. The annual fixed cost to make cupcakes is $18,000. The variable cost including ingredients and labor to make a cupcake is $0.90. The bakery sells cupcakes for $3.20 apiece.   (a). If the bakery sells 12,000 cupcakes annually, determine the total cost, total revenue, and          profit.   (b). How many cupcakes will the bakery need to sell in order to break even?

Scent Fragrance Company manufactures and sells several ranges of perfumes. The Average revenue and cost of sales are as follows: Selling price per unit $20.00 Variable costs per unit: Direct materials $4.00 Direct manufacturing labor $1.60 Manufacturing overhead $0.40 Selling costs $2.00 Annual fixed costs $96,000 a) Calculate the contribution margin per unit.  b) Calculate the number of units Scent Fragrance Company must sell each year to break even.   c) Calculate the number of units Scent Fragrance Company must sell to yield a profit of$144,000.  d) Managers may use Sensitivity analysis in their accounting system. i) What is sensitivity analysis?  ii) How is Sensitivity analysis useful to managers?

Yarn​ Basket, Ltd., sells handminus−knit scarves. Each scarf sells for $35. The company pays $350 to rent a vending space for one day. The variable costs are $10 per scarf. What total revenue amount does the company need to earn to break​ even?

Paney Company makes and sells calendars. The information on the cost per unit is as follows: Direct materials $1.50 Direct labor 1.20 Variable overhead 0.90 Variable marketing expense 0.40 The fixed marketing expense totaled $13,000, and the fixed administrative expense totaled $35,000. The price per calendar is $10. How many calendars must Paney sell next year to earn an operating income of $24,600? Paney Company makes and sells calendars. The information on the cost per unit is as follows: Direct materials $1.50 Direct labor 1.20 Variable overhead 0.90 Variable marketing expense 0.40 The fixed marketing expense totaled $13,000, and the fixed administrative expense totaled $35,000. The price per calendar is $10. What is the variable product expense per unit? a.$1.30 b.$3.60 c.$5.00 d.$4.60 e.$4.00

Carbex, Inc., produces cutlery sets out of high-quality wood and steel. The company makes a Standard set and a Deluxe set and sells them to retail department stores throughout the country. The Standard set sells for $100, and the Deluxe set sells for $115. The variable expenses associated with each set are given below. Variable production costs Sales commissions (35% of sales price) The company's fixed expenses each month are: Advertising Depreciation Administrative April May Mary Parsons, the financial vice president, watches sales commissions carefully and has noted that they have risen steadily over the last year. For this reason, she was shocked to find that even though sales have increased, profits for the current month-May-are down substantially from April. Sales, in sets, for the last two months are given below: Req 1A Standard Deluxe 6,000 4,000 3,000 7,000 $ 125,000 $ 27,700 $ 73,000 Required: 1-a. Prepare contribution format income statements for April. 1-b. Prepare…

Garcia Company sells snowboards. Each snowboard requires direct materials of $111, direct labor of $41, variable overhead of $56, and variable selling, general, and administrative costs of $14. The company has fixed overhead costs of $657,000 and fixed selling, general, and administrative costs of $120,000. It expects to produce and sell 11,100 snowboards. What is the selling price per unit if Garcia uses a markup of 10% of total cost? (Do not round your intermediate calculations. Round your final answer to nearest whole dollar amounts.) Selling price per und