REQUIREMENT: 1.Find the Weighted Average Contribution Margin Ratio2.Find the Weighted Average Unit Contribution Margin3.Find the Breakeven Sales in Pesos and the Breakeven Sales in Units For the Month Ended July 31, 2019Cement A (8,000u)Cement B (12,000u)TOTAL (20,000u)UnitAmountPercentUnitAmountPercentAmountPercentSales1251,000,000100%1101,320,000100%2,320,000100%Variable65520,00052%45540,00040.91%1,060,00045.69%ExpensesContributio60480,00048%65780,00059.09%1,260,00054.31%n MarginFixed Cost845,000Net Income415,0001.Find the Weighted Average Contribution Margin Ratio2.Find the Weighted Average Unit Contribution Margin3.Find the Breakeven Sales in Pesos4.Find the Breakeven Sales in Units

Margin ratios measure a company ability to turn its sales into profits. Break even analysis is the…

Answered: REQUIREMENT: 1.Find the Weighted…

REQUIREMENT: 1.Find the Weighted Average Contribution Margin Ratio 2.Find the Weighted Average Unit Contribution Margin 3.Find the Breakeven Sales in Pesos and the Breakeven Sales in Units

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

See similar textbooks

Similar questions

Casio Co. recognizes construction revenue and expenses using the percentage-of-completion method. During 2020, a single long-term project was begun, which continued through 2018 Information on the project follows: 12/31 Accounts Receivable balance Construction expenses for year Gross Profit recognized in year Bangs during year The 12/31/21 CIP balance is Select one O $50,000 Ob 1322,000 O 1619.000 Od $106.000 O $112,000 2020 $100,000 105,000 122,000 100,000 20121 $300.000 192,000 200,000 420.000
M6-16 Using Percentage-of-Completion and Completed Contract Methods Halsey Building Company signed a contract to build an ofﬁce building for $40,000,000. The scheduled construction costs follow. Year Cost 2016. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 9,000,000 2017. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $15,000,000 2018. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 6,000,000 Total . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $30,000,000 The building is completed in 2018.For each year, compute the revenue, expense, and gross proﬁt reported for this construction project using each of the…
M6-16 Using Percentage-of-Completion and Completed Contract Methods Halsey Building Company signed a contract to build an ofﬁce building for $40,000,000. The scheduled construction costs follow. Year Cost 2016. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 9,000,000 2017. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $15,000,000 2018. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 6,000,000 Total . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $30,000,000 The building is completed in 2018.For each year, compute the revenue, expense, and gross proﬁt reported for this construction project using each of the…
25. The following information pertains to the production of Beautiful Company for the month of January 2022: SHOWN IN PICTURE a. • P999,750 b.• P970,000 c. • P996,502 d. • P1,005,000
Arab Construction Company began work in 2021 on contract XXXX, which provided for a contract price of €19,200,000. Other details follow: 2021 Costs incurred during the year Estimated costs to complete, as of December 31 Billings during the year Collections during the year OA €1,200,000. B. €1,600,000. C. €4,800,000. €3,200,000 9,600,000 3,600,000 2,400,000 Assume that Arab uses the percentage-of-completion method of accounting. The portion of the total gross profit to be recognized as income in 2021 is D. €6,400,000 €9,800,000 0 14,400,000 15,600,000 202 GUR OM
Exercise 10-24 (Algo) Interest capitalization [LO10-7] On January 1, 2021, the Highlands Company began construction on a new manufacturing facility for its own use. The building was completed in 2022. The company borrowed $2,150,000 at 9% on January 1 to help finance the construction. In addition to the construction loan, Highlands had the following debt outstanding throughout 2021: $8,000,000, 14% bonds $2,000,000, 9% long-term note Construction expenditures incurred during 2021 were as follows: $ 880,000 1,480,000 1,136,000 880,000 680,000 January 1 March 31 June 30 September 30 December 31 Required: Calculate the amount of interest capitalized for 2021 using the specific interest method. (Do not round the intermediate calculations. Round your percentage answers to 1 decimal place (i.e. 0.123 should be entered as 12.3%).) X Answer is not complete. Date Expenditure Weight Average January 1 2$ 880,000 12/12 $ 880,000 March 31 1,480,000 x 9/12 O = 111,000 X June 30 1,136,000 x 6/12 O…
Evans Construction, Inc. experienced the following construction activity in 2018, the first year of operations. Cash Cost Estimated Total Billings Collections Incurred Additional Contract through through through Costs to Contract Price 12/31/18 12/31/18 12/31/18 Complete X €260,000 €170,000 €155,000 €182,000 € 63,000 Y 330,000 125,000 125,000 105,000 252,000 Z 233,000 233,000 198,000 158,000 -0- €823,000 €528,000 €478,000 €445,000 €315,000 Each of the above contracts is with a different customer, and any…
The balance of the investment account at December 31,2021 is: a. P5,924,000b. P5,000,000c. P5,744,000d. P7,660,000
Construction Companies: NASS Construction Group 2021 The following are extracts from the NASS Construction Group 2021 Financial statements 10 CONTRACT ASSETS 31 December 2021 31 December 2020 300,133 Cost incurred plus attributable profits on contracts-in-progress Progress billings made towards contracts-in-progress 264,569 (241,027) (262,815) 23,542 37,318 Allowance for impairment losses (850) (1,082) 22,692 36,236 15 CONTRACT LIABLITIES 31 December 2021 31 December 2020 Progress billings received and receivable 16,874 Costs incurred plus recognised profits on contracts-in-progress 31,227 (23,096) (4,150) 12,724 8,131 (a) With reference to the NASS Construction Group 2021 Financial statements, explain how contract revenue is measured in a construction company. (b) With reference to the above extract, explain contract assets and contract liabilities and their components shown in the above extracts
4SMC entered into a long-term construction contract for 3 years. Contract price agreed was P4,150,000. The outcome of the contract was estimated reliably. The following data were ascertained for the contract:December 31, 2021December 31, 2022Percentage of completion30%82.5%Estimated cost to complete1,960,000840,0001.What is the total cost incurred in year 2022? 1.What is the total cost incurred in year 2022? A.4,073,750 C. 1,680,000. B.840,000. D. 3,120,000 2.The realized gross profit (loss) in year 2022 is A.650,000. C. (. 245,000) B.405,000 D. (1,055,000) 3.What is the construction cost of sales for year 2022? A.3,960,000. C. 3,233,750 B.3,120,000. D. 4,478,750 4.What is the construction-in-progress as of 2022? A.3,423,750. C. 2,065,000 B.3,310,000. D. 2,470,000
On October 31, Year 1, Trailer Homes Company (THC) determines that it will need to buy 175,000 lbs, of aluminum siding panels on April 30, Year 2. In order to hedge the risk that the price of the aluminum siding panels will increase in six months the Treasurer simultaneously takes a long position in an aluminum forward contract, where the company agrees to purchase 175,000 lbs, of aluminum for $3.756/lb. on April 30, Year 2. The prices for the aluminum siding panels and the aluminum forward are as follows. Aluminum Siding /lb. Aluminum Forward/Ib. October 31, Year 1 $5.390 $3,756 January 31, Year 1 $5.552 $3. 881 $5.768 $3.925 April 30, Year 2 inanols on
As the owner of a business, Karen needs fire insurance. Her building is worth $726,000 and the contents are valued at $673,000. Her agent placed the building in structural classification B and area rating 2. Use Table 19-4 to calculate her total premium. Round your answer to the nearest cent.