On May 21, 2019, Christine worked 4.5 hours on Job A-1, and 3 hours on general “overhead activities.” Christine is paid $16 per hour. Overhead is applied based on $20 per direct labor hour. Additionally, on May 21 Job A-1 requisitioned and entered into production $240 of direct material. On May 21, Christine, while working on Job A-1 used […]
A company produces and sells 2,000 units of finished goods and incurs $60,000 of fixed costs annually. The contribution margin is $60 per unit, and variable cost is $40 per unit. If the company expects sales quantities to increase by 10% next year, the operating profit will be -A.$72,000 – B.$60,000 – C.$132,000 – D.$120,000 Looking for […]
Product 1 Contribution margin ratio 40% Percentage of sales dollars40% Fixed costs $240,000 Product 2 Contribution margin ratio 50% Percentage of sales dollars 60% Fixed costs $700,000 The breakeven point in dollars is: Looking for a Similar Assignment? Order now and Get 10% Discount! Use Coupon Code “Newclient”
A company manufactures cell phone cases. The selling price per case is $20 with a variable cost per unit of $10. The forecasted sales for the year are $400,000. Related costs are shown below. Depreciation$35,000 Fixed overhead40,000 Administration65,000 Utility costs20,000 What is the margin of safety? Looking for a Similar Assignment? Order now and […]
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