Zachary Company has provided the following for the year.       Budget       Sales $ 508,000   Variable product costs   186,000   Variable selling expense   42,000   Other variable expenses   3,000   Fixed product costs   16,400   Fixed selling expense   24,200   Other fixed expenses   1,600   Interest expense   660   Variances       Sales   8,100 U Variable product costs   4,700 F Variable selling expense   2,200 U Other variable expenses   1,200 U Fixed product costs   300 F Fixed selling expense   480 F Other fixed expenses   110 U Interest expense   140 F     Required a. Prepare in good form a budgeted and actual income statement for internal use. Separate operating income from net income in the statements and indicate whether each variance is favorable (F) or unfavorable (U). (Select "None" if there is no effect (i.e., zero variance).)

Rooney Company produces two products. Budgeted annual income statements for the two products are provided as follows. Power Lite Total Budgeted Per Budgeted Budgeted Per Budgeted Budgeted Budgeted Number Unit Amount Number Unit Amount Number Amount @ $ 700 @ 380 $ 319,200 (168,000) 151,200 $ 487,200 (259,200) 228,000 (114,000) $ 114,000 Sales 240 $168,000 560 @ $ 570 800 Variable cost (91,200) 76,800 |(19,000) $ 57,800 240 560 @ 300 = 800 %3D Contribution margin 240 320 560 @ 270 800 Fixed cost (95,000) Net income $ 56,200 Required: a. Based on budgeted sales, determine the relative sales mix between the two products. b. Determine the weighted-average contribution margin per unit. c. Calculate the break-even point in total number of units. d. Determine the number of units of each product e. Verify the break-even point by preparing an income statement for each product as well as an income statement for the combined products. f. Determine the margin of safety based on the combined sales…

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Rockets and More Ltd. Is concerned about the uncertain nature of its market for the upcoming year and has prepared budgeted results on 90%, 100% and 105% activity as follows: Output Revenue Less: Materials 337,500 Labour Costs 440,000 Production overhead costs 217,500 Administrative Costs 120,000 Selling and distribution cost 70,000 1,185,000 Revenue Less: Expenses Materials costs Labour costs Prod. Overhead costs Administration costs Selling and distribution costs Net profit 90% 45,000 Required: A. $ 1,350,000 Net Profit 165,000 200,000 Only 37,500 units have been sold with the following results: S B. 100% 50,000 S 1,500,000 375,000 485,000 235,000 130,000 75,000 1,300,000 311,750 351,500 171,250 117,500 66,500 105% 52, 500 $ 1,575,000 393,750 507,500 243,750 135,000 77,500 1,357,500 217,500 $ 1,075,000 1,018,500 56,500 i. The budgeted selling price is $30 per unit ii. All production is sold iii. The fixed element of the budgeted costs will remain unchanged at all levels of production…