! Required information Use the following information for the Exercises below. (Algo) [The following information applies to the questions displayed below.] Hudson Company reports the following contribution margin income statement. Sales (9,700 units at $280 each) Variable costs (9,700 units at $210 each) Contribution margin Fixed costs Income HUDSON COMPANY Contribution Margin Income Statement For Year Ended December 31 Exercise 18-19 (Algo) Evaluating strategies-new machine LO C2 The company is considering buying a new machine that will increase its fixed costs by $41,000 per year and decrease its variable costs by $10 per unit. Prepare a contribution margin income statement for the next year assuming the company purchases this machine. HUDSON COMPANY Contribution Margin Income Statement For Year Ended December 31 Sales Variable costs Contribution margin Fixed costs Income/Loss $ 2,716,000 2,037,000 679,000 441,000 $ 238,000

! Required information Use the following information for the Exercises below. (Algo) [The following information applies to the questions displayed below.] Hudson Company reports the following contribution margin income statement. Sales (9,700 units at $280 each) Variable costs (9,700 units at $210 each) Contribution margin Fixed costs Income HUDSON COMPANY Contribution Margin Income Statement For Year Ended December 31 Exercise 18-19 (Algo) Evaluating strategies-new machine LO C2 The company is considering buying a new machine that will increase its fixed costs by $41,000 per year and decrease its variable costs by $10 per unit. Prepare a contribution margin income statement for the next year assuming the company purchases this machine. HUDSON COMPANY Contribution Margin Income Statement For Year Ended December 31 Sales Variable costs Contribution margin Fixed costs Income/Loss $ 2,716,000 2,037,000 679,000 441,000 $ 238,000

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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Product pricing using cost plus Approach methods; Different analysis for accepting additional business Niht glow inc recently began production of a new product, the halogen light, which required the investment of $600,000 in assets. The costs of producing and selling 10,000 halogen lights are estimated as follows: Variables costs per unit: fixed costs: Direct materials $32 Factory overhead $180,000 Direct labor 12 Selling and administration expenses80,000 Factory overhead 8 Selling and administration expenses 7 Total variable cost per unit $59 Night Glow Inc. is currently considering establishing a selling price for the halogen light. The president of Night Glow Inc. has decided to use the cost plus approach to product pricing and has indicated that the halogen light must earn a 10% return on invested assets. Required: Note: Round all markup percentage to two decimal places, if required. Round all costs per unit and…
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Question 3: ( The DELL Company is in the process of developing a new product called (ZZ). The product current design carries with it following costs: Statements Total Costs Total variable production costs 780,000 Fixed manufacturing overhead 220,000 Total production costs 1,000,000 Total selling, general, and administrative expenses 400,000 Total costs and expenses 1,400,000 Units to be Produced 40,000. The company requires a $ 320,000 profit, and 20% return on assets (ROA). The company uses assets totaling $ 1,600,000 in producing. Instructions: a. Compute the price of (ZZ) using the Gross margin pricing method (^ b. Compute the price of (ZZ) using the Return on assets pricing method. c. Prepare income statement to support your answer. ·
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