15°CNear recordQuestion 7 of 10 < >View PoliciesCurrent Attempt in ProgressA company sells a product that has a unit sales price of $9.50, unit variable cost of $7.00 and total fixed costs of $136800. How manyunits must the company sell to break even?O 8291O 54720O 14400O 19543eTextbook and MediaSave for LaterSearchAttempts: 0 of 3 usedSubmit AnswerENGIN0210-08-20

Variable costs are costs which changes along with change in activity level or sales volume. Fixed…

Answered: mpt in Progress A company sells a…

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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PROBLEM 8. The Color Company manufactures and sells two products. The selling prices and variable costs of the products are as follows: Blujets Blupens P20 Selling prices Variable costs P40 8 24 The sales for 2021 were in the ratio of 3 Blujets to 1 Blupen. Sales volume for 2021 was P1 million. Fixed costs for 2020 amounted to P390,000. Requirements: 4. If the sales mix was to change to 2 units of blujets to 1 unit of Blupen, would this have any effect on the breakeven sales? If so, what would be the new breakeven sales? 5. Assuming that the sales volume would remain at P1 million, what net income would be generated using the sales mix in number (4) above? 6. What sales revenue would be required if the firm wishes to generate a net income of P328,900 if the original mix of 3:1 prevailed?
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PROBLEM SOLVING 1. ABC Mfg. Co. buy and sells its lone product on which the following data are given: Sales volume per annum Unit selling price Production cost per unit: Direct materials Direct labor Variable factory overhead Fixed factory overhead (P25,000/20,000 units) Variable operating expense per unit Fixed operating expenses (P10,000/20,000 units) P1.00 0.50 a. Should the order be accepted? Why? 25,000 units P10.00 P3.50 2.50 2.00 1.25 A special order is received for P2,000 units from a remote market at P7.90, FOB destination. Packing and shipping costs are estimated at P1,200. Decision making: (show computation) b. What is the BEP price or sales cut-off price for the special order?
O d. None of the given answers O e. 20,000 Company XYZ produces and sells 40,000 units.at this level, the company is making a profit of $19,000. Assuming total fixed expenses of $1,000 and variable expenses per unit of $0.5, how much was the selling price per unit? O a. ОБ. 1 O d. 3 O e. 8 NEXT PAGE Windows bay AGE ENG G 1) 614
QUESTION 10 Randall has received a special order for 4300 units of its product at a special price of $20. The product normally sells for $34 and has the following manufacturing costs: AZ Direct materials Direct labor Variable manufacturing overhead Fixed manufacturing overhead Per unit 2 3 3 2 Assume that Randall has sufficient capacity to fill the order. If Randall accepts the order, what effect will the order have on the company's short-term profit? *** If a decrease, place a sign before your answer. For example, a decrease of $1,000 would be answered -1,000.
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mpt in Progress A company sells a product that has a unit sales price of $9.50, unit variable cost of $7.00 and total fixed costs of $136800. How many units must the company sell to break even? O 8291 O 54720 14400 O 19543