Week 3 Assignment VitalSource Bookshelf: Manageri X b My Questions | bartleby C Sign In or Sign Up | Chegg.com i online.vitalsource.com/#/books/9781259995484/cfi/6/30!/4/2/70/2/62/2@0:46.6 n < Chapter 5 Cost-Volu... Go to Chapter 5 Cost-Volume- Profit Relationships PROBLEM 5-23 CVP Applications; Contribution Margin Ratio: Degree of Operating Leverage LO5–1, LO5–3, LO5–4, LO5-5, LO5-8 Feather Friends, Inc., đistributes a high-quality wooden birdhouse that sells for $20 per unit. Variable expenses are $8 per unit, and fixed expenses total $180,000 per year. Its operating results for last year were as follows: 2 Searcheview Problem: CVP Sales $400,000 Relationships Variable expenses 160,000 Contribution margin. 240,000 224 Glossary Fixed expenses 180,000 Net operating income $ 60,000 224 Questions Required: Answer each question indepenđently based on the original data: 1. What is the product's CM ratio? 224 Applying Excel

Question 1 Part 2

2. The following total cost graphs indicate which type of cost behavior? A. VARIABLE COST B. FIXED COST C. MIXED COST D. STEP COST

How to calculate total prime cost

2. What is cost-volume-profit analysis and what are the important assumptions of this analysis?

How is conversion costs per equivalent unit calculated?

Required information The Foundational 15 [LO4-1, LO4-2, LO4-3, L04-4, LO4-5] [The following information applies to the questions displayed below.] Clopack Company manufactures one product that goes through one processing department called Mixing. All raw materials are introduced at the start of work in the Mixing Department. The company uses the weighted-average method of process costing. Its Work in Process T-account for the Mixing Department for June follows (all forthcoming questions pertain to June): Work in Process-Mixing Department Completed and transferred to Finished June 1 balance 28,000 ? Goods Materials 120,000 79,500 97,000 Direct labor Overhead June 30 balance The June 1 work in process inventory consisted of 5,000 units with $16,000 in materials cost and $12,000 in conversion cost. The June 1 work in process inventory was 100% complete with respect to materials and 50% complete with respect to conversion. During June, 37,500 units were started into production. The June 30…

how do you know materials per unit is 3 and not 2

2. Distinguish between product costs and period costs. 6. What is the difference between gross margin and manufacturing margin?

7. How is direct material cost per equivalent unit calculated?