What will be the variable expense per unit
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The following data was provided by Beximco Corporation:
Sales .......................................................... 10,000 units
Selling price .............................................. $30 per unit
Contribution margin ratio .......................... 30%
Margin of safety percentage ...................... 40%
What will be the variable expense per unit
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- Wiley Company’s income statement for Year 2 follows:Sales ........................................................... $150,000Cost of goods sold ...................................... 90,000Gross margin .............................................. 60,000Selling and administrative expenses ........... 40,000Income before taxes ................................... 20,000Income taxes ............................................... 8,000Net income .................................................. $ 12,000The company’s selling and administrative expense for Year 2 includes $7,500 of depreciation expense.Selected balance sheet accounts for Wiley at the end of Years 1 and 2 are as follows:Year 2 Year 1Debit Balance Accounts:Accounts receivable ..................................... $40,000 $30,000Inventory ...................................................... $54,000 $45,000Prepaid expenses ........................................ $8,000 $6,000Credit Balance Accounts:Accounts payable…Pricher Corporation's income statement for last year appears below:Sales .......................................................... $2,000,000Cost of goods sold:Direct materials ...................................... $500,000Direct labor (variable) ............................ 150,000Variable manufacturing overhead .......... 50,000Fixed manufacturing overhead ............... 600,000 1,300,000Gross margin ............................................. 700,000Selling and administrative expenses:Variable .................................................. 100,000Fixed ....................................................... 300,000 400,000Net operating income ................................ $ 300,000a. The break-even point last year was:-----------------------b. The degree of operating leverage last year was------------------------ Kindly ,give me the solution.Pricher Corporation's income statement for last year appears below:Sales .......................................................... $2,000,000Cost of goods sold:Direct materials ...................................... $500,000Direct labor (variable) ............................ 150,000Variable manufacturing overhead .......... 50,000Fixed manufacturing overhead ............... 600,000 1,300,000Gross margin ............................................. 700,000Selling and administrative expenses:Variable .................................................. 100,000Fixed ....................................................... 300,000 400,000Net operating income ................................ $ 300,000a. The break-even point last year was:-----------------------b. The degree of operating leverage last year was------------------------
- Selected information from the accounting records of Carbine Manufacturing follows: Net sales ............................................. $2,900,000 Cost of goods sold .................................... 1,900,000 Inventories at January 1 ............................. 572,000 Inventories at December 31 ............................ 476,000 What is the number of days' sales in average inventories for the year? a. 132 b. 109 c. 101 d. 66 how do i calculate the days in inventory ?Tom Petty Co. produces and sells a single product. Data concerning that product appear below: Per Unit Percent of Sales Selling price…………………………………. $260 100.00% Variable Expenses……………………….. $ 94 36.15% Contribution margin……………………. $166 63.85% Fixed expenses are $620,000 per month. The company is currently selling 5,000 units per month. The marketing manager would like to cut the selling price by $20 and increase the advertising budget by $60,000 per month. The marketing manager predicts that these two changes would increase monthly sales by 800 units. What should be the overall effect on the company's monthly net operating income of this change? Should Tom Petty Co implement the marketing manager’s proposal? Show your work.The following information is available for Sandy Company: Gross Profit ......................... $283,500 Sales returns ...........................70,000 Net Sales ............................. 700,000 Net income ............................ 105,000 Sandy's Cost of Goods Sold is: $ 990,500 $ 416,500 $ 245,000 $ 409,500
- Litten Corporation's most recent income statement appears below: Sales (all on account)..........................$791,000 Cost of goods sold...............................412,000 Gross margin.....................................379,000 Selling and administrative expense...............214,000 Net operating income.............................165,000 Interest expense..................................34,000 Net income before taxes..........................131,000 Income taxes......................................40,000 Net income........................................91,000 The gross margin percentage is closest to: A) 92.0% B) 416.5% C) 24.0% D) 47.9%Data for Hermann Corporation are shown below:Per Unit Percent of SalesSelling price ................................. $90 100%Variable expenses ....................... 63 70Contribution margin ..................... $27 30%Fixed expenses are $30,000 per month and the company is selling 2,000 units per month.Required:1. The marketing manager argues that a $5,000 increase in the monthly advertising budget wouldincrease monthly sales by $9,000. Should the advertising budget be increased?2. Refer to the original data. Management is considering using higher-quality components that would increasethe variable cost by $2 per unit. The marketing manager believes the higher-quality product would increasesales by 10% per month. Should the higher-quality components be used?Assume that the following are the data acquired: Consumption ……………… 200M Imports …………………50M Investment ………………. 55M Deflator ………………..1.20 Government Spending....…..120M Population …………….100M Exports ………………………. 80M Compute for the Nominal GDP.
- Redhawk, Inc., is a merchandiser that provided the following information: Number of units sold . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10,000Selling price per unit . . . . . . . . . . . . . . . . . . . . . . . . . . . . $15Variable selling expense per unit . . . . . . . . . . . . . . . . . . . $2Variable administrative expense per unit . . . . . . . . . . . . . . $1Total fixed selling expense . . . . . . . . . . . . . . . . . . . . . . . . $20,000Total fixed administrative expense . . . . . . . . . . . . . . . . . . $15,000Merchandise inventory, beginning balance . . . . . . . . . . . .$12,000Merchandise inventory, ending balance . . . . . . . . . . . . . . $22,000Merchandise purchases . . . . . . . . . . . . . . . . . . . . . . . . . . $90,000Required:1. Prepare a traditional income statement.2. Prepare a contribution format income statement.Redhawk, Inc., is a merchandiser that provided the following information: Number of units sold . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10,000Selling price per unit . . . . . . . . . . . . . . . . . . . . . . . . . . . . $15Variable selling expense per unit . . . . . . . . . . . . . . . . . . . $2Variable administrative expense per unit . . . . . . . . . . . . . . $1Total fi xed selling expense . . . . . . . . . . . . . . . . . . . . . . . . $20,000Total fi xed administrative expense . . . . . . . . . . . . . . . . . . . $15,000Merchandise inventory, beginning balance . . . . . . . . . . . . $12,000Merchandise inventory, ending balance . . . . . . . . . . . . . . $22,000Merchandise purchases . . . . . . . . . . . . . . . . . . . . . . . . . . $90,000 Required:1. Prepare a traditional income statement.2. Prepare a contribution format income statement.The following monthly data in contribution format are available for the MN Co. and its only product: Total Per Unit Sales……………………………………………………………. $83,700 $279 Variable expenses………………………………………. 32,700 109 Contribution margin…………………………………… 51,000 $170 Fixed expenses……………………………………………. 40,000 Net operating income…………………………………. $11,000 The Company is currently using 70% of its available capacity. selling 300 units of product per month. b. What is the sales volume required to achieve a target profits margin 20%?