Question 5Using the following tablea) construct the cost schedule for a firm operating in the short runMarginal Average Average AverageFixedQuantity-TotalTotalTotalProduction FixedVariable CostCostVariable TotalcostcostCostCostCost$180$180--------------1$2002$2153$2254$2305$240$2607$2958$3459$405b) Graph the average variable cost, average total cost and marginal cost curves.

Name: Question 5Using the following tablea) construct the cost schedule for
Uploaded: 2024-03-20T06:32:49.000Z
Channel: Bartleby
Description: Question 5Using the following tablea) construct the cost schedule for a firm operating in the short runMarginal Average Average AverageFixedQuantity-TotalTotalTotalProduction FixedVariable CostCostVariable TotalcostcostCostCostCost$180$180----------

A cost involved in producing goods or services may be its fixed cost, variable cost, or mixed cost.…

Business

Accounting

Using the following table a) construct the cost schedule for a firm operating in the short run Quantity- Total Production Fixed Total Total Variable Cost cost Marginal Average Average Variable |Average Total Cost Cost Fixed Cost Cost cost $180 $180 1 $200 2 $215 3 $225 4 $230 5 $240 $260 7 $295 $345 $405 b) Graph the average variable cost, average total cost and marginal cost curves.

Using the following table a) construct the cost schedule for a firm operating in the short run Quantity- Total Production Fixed Total Total Variable Cost cost Marginal Average Average Variable |Average Total Cost Cost Fixed Cost Cost cost $180 $180 1 $200 2 $215 3 $225 4 $230 5 $240 $260 7 $295 $345 $405 b) Graph the average variable cost, average total cost and marginal cost curves.

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

Question 3: Sobar Company's financial information is given in the table below. Sales (OMR) Fixed Costs 405000 450000 Variable Costs 225000 240000 Year 2019 90000 | 2020 120000 Calculate: a) P/V ratio, b) B.E.P.
Direct fixed cost controllable by of the period just ended: Contribution margin Period expenses: Manager's salary Depreciation expense Allocated administrative costs25.000 Profit center #1 income Of the foregoing, in all likelihood, Mr. Iglesias controls P350.000 P100,000 40,000 165,000 P185.000 C. P100,000 A. P165.000 В. P185.000 D. P350,000 20. The following is a summarized income statement of CoolKid Co.'s profit cente No. 44 for March: Contribution margin P70,000 Period expenses: Manager's salary Facility depreciation Corporate expense allocation Profit center income P20.000 8.000 5,000 (33,000) P37.000 Which of the following amounts is most likely subject to the control of the p center's manager? А. P70.000 C. P37,000 D. P33,000 В. P50,000
B Current Attempt in Progress 1°C Rain coming TC The following CVP income statements are available for Sheridan Company and Sunland Company: Sales revenue Variable costs Contribution margin Fixed costs Operating income Question 5 of 5 Sheridan Company eTextbook and Media $365,000 182,500 182.500 132,500 $50,000 Sunland Company $365,000 HOL O r 73,000 Assuming that sales revenue increases by 20%, prepare a variable cost income statement for each company Sheridan Company Sunland Company 292,000 242,000 $50,000 C BOL D O
Problem 2 The price and cost data shown in the table below are for each of the three firms, F, G and H. Firm F G H Sale price per $18.00 $21.00 $30.00 wait Variable operating cost $6.75 $13.50 $12.00 per unit Fixed operating $45,000 $30,000 $90,000 cost Operating breakeven point Rank (1st, 2nd, or 3rd) (a) What is the operating breakeven point in units for each firm? Fill in the blanks in the table above. (b) How would you rank these firms in order from most risky to least risky? Fill in the blanks in the table above.
Question 3: Şahar Company's financial information is given in the table below. Year Sales (OMR) | Fixed Costs Variable Costs 2019 405000 90000 225000 2020 450000 120000 240000 Calculate: a) P/V ratio, b) B.E.P. c) Sales required to earn a profit of OMR 40000. d) Margin of safety at a profit of OMR 50000 e) Profit when sales are OMR. 200000.
Assuming Average cost flow method is used, how much is the ending inventroy and cost of sales, respectively? A. 130,300 and 101,000 B. 101,000 and 130,000 C. 105,000 and 126,300 D. 126,300 and 105,000
Question 2 A company has recorded the following data in the two most recent periods. Total costs of production Volume of ($) 20tonim (Units) 13,500 700 18,300 1,100 What is the best estimate of the company's fixed costs per period? Answer
Question 3: Sohar Company's financial information is given in the table below. Year 2019 2020 Sales (OMR) Fixed Costs | 405000 | 450000 | 90000 120000 Variable Costs | 225000 240000 Calculate: ---uyuie d) Margin of safety at a profit of OMR 50000 e) Profit when sales are OMR. 200000. - VIVI.
Remember: Gross profit = SP- CP Activity 1.2 enti Complete the following table: Table 1.2: Finding the cost price, the gross profit or the selling price No Cast price Gross prafit Selling price 1.2.1 R5 600 R8 700 1.2.2 R3 400 30% 1.2.3 R6 800 R12 700 1.2.4 R17 500 R35 000 The owner of an enterprise has to calculate both the gross and the net profit. A business has certain operating expenses thai must be deducied from the gross profit to get the net profit. Examples of operating expenses are: • Salaries Wages • Rent paid/rent expense • Advertisements • Stationery. The cost of advertising the business is one example of an operating expense. Gross profit minaş operating expenses equals net profit."
Question 4 Garland limited makes four components. A, B, C, and D, for which costs in the forthcoming years expected to be as follows. Production (units) Unit marginal cost Direct materials Direct labour Variable production overhead A 1,000 RM 4 8 2 14 B 2,000 RM 5 Incurred as a direct consequences of making A Incurred as a direct consequences of making B Incurred as a direct consequences of making C Incurred as a direct consequences of making D Other common fixed cost Total 9 3 17 с 4,000 RM 2 4 1 7 A total of RM50,000 fixed cost is expected to be incurred and the following shows the behavior of these fixed cost: RM D 3,000 RM 4 1,000 5,000 6,000 8,000 30,000 50,000 6 2 12 A sub-contractor has offered to supply A, B, C and D for RM12, RM21, RM10, and RM14 respectively. REQUIRED Decide whether Garland Ltd. should make or buy the components.
Understanding CVP relationships Calculate the missing amounts for each of thefollowing firms:Units Selling Variable Costs Contribution Fixed OperatingSold Price per Unit Margin Costs Income (Loss)Firm A 11,200 $24.00 ? $100,800 $41,300 ?Firm B 8,400 ? $18.20 ? 64,500 $32,940Firm C ? 7.30 4.20 10,850 ? (6,750)Firm D 4,720 ? 51.25 41,064 48,210 ?
Question 3:salalah Company's financial information is given in the table below. Year 2020 Sales (OMR) Fixed Costs 445000 Variable Costs: 105000 245000 2021 500000 150000 280000 You are required to calculate the following values for each year. The years are independent of each other. a) P/V ratio, b) В.Е.Р. c) Sales required to earn a profit of OMR 45000. d) Margin of safety at a profit of OMR 50000 e) Profit when sales are OMR. 300000.