Entries by mary WAMBUGU

The following totals are used to create CVP Income Statement for Frederick Company for FY2018: Frederick Company Selected Financial Figures For the Year Ended 12/31/18

Question The following totals are used to create CVP Income Statement for Frederick Company for FY2018: Frederick Company Selected Financial Figures For the Year Ended 12/31/18 Sales (100 units) $10,000 Variable Costs:      Direct Labor $1,550      Direct Materials 1,500      Factory Overhead (variable) 2,000      Selling Expenses (variable) 600      Administrative Expenses (variable) 500 Fixed Costs:      Factory Overhead (fixed) […]

 

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During FY 2018, Adelphi Company reported sales of $400,000, a contribution margin of $7.00 per unit, fixed costs of $105,000, and net income of $30,000.

Question During FY 2018, Adelphi Company reported sales of $400,000, a contribution margin of $7.00 per unit, fixed costs of $105,000, and net income of $30,000. Use this information to determine the number of units Adelphi sold during FY 2018. (Round answer to nearest whole number)   Looking for a Similar Assignment? Order now and Get […]

 

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Towson Company manufactures book cases, and each requires 38 board feet of lumber. Towson expects that 1,600 and 2,050 book cases will be built in June and July, respectively.

Question Towson Company manufactures book cases, and each requires 38 board feet of lumber. Towson expects that 1,600 and 2,050 book cases will be built in June and July, respectively. Towson keeps lumber on hand at 25% of the next month’s production needs. Use this information to determine number board feet of lumber that Towson Company […]

 

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Adelphi Company provides the following information for their first year of operations in 2018: Sales, 10,000 units @ $15 each Total production, 13,000 units

Question Adelphi Company provides the following information for their first year of operations in 2018:             Sales, 10,000 units @ $15 each             Total production, 13,000 units      Production costs per unit:          Direct materials            $2.00                      Direct labor                   $3.00                      Variable overhead        $1.00             Fixed manufacturing overhead      $7,000 Adelphi Company uses absorption costing. Use this information to determine for Adelphi Company the FY 2018 Cost […]

 

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