All Matches

Solution Library

Expert Answer

Textbooks

Search Textbook questions, tutors and Books

Oops, something went wrong!

Change your search query and then try again

Result Not Found

Books FREE
Tutors
Study Help
Hire a Tutor
AI Study Help New

Search
Sign In
Register

study help
business
survey of accounting

Questions and Answers of Survey of Accounting

=+Estimated Estimated Variable Cost Fixed Cost_(per unit sold)Production costs:Direct materials — $ 8.90 Direct labor — 3.80 Factory overhead $ 80,200 2.10 Selling expenses:Sales salaries and
=+P11-6 Contribution margin, break-even sales, cost-volume-profit chart, margin ofsafety, and operating leverage Objs 2, 3, 4, 6 SPREADSHEET/ 2. 40.0%Aspen Co. expects to maintain the same
=+3. Assume that the sales mix was 50% Decorative Indoor Flower Pot and 50% Rugged Outdoor Flower Pot. Compare the break-even point with that in part (1). Why is it so different?Cost Behavior and
=+2. Based on the break-even sales (units) in part (1), determine the unit sales ofboth the Deco¬rative Indoor Flower Pot and Rugged Outdoor Flower Pot for the current year
=+1. Determine the estimated units ofsales ofthe overall product necessary to reach the break¬even point for the current year.
=+P11-5 Sales mix and break-even sales Obj 5 SPREADSHEET
=+4. Using the cost-volume-profit chart prepared in (3), determine (a) the income from opera¬tions ifsales total 2,500 units and (b) the maximum income from operations that could be realized during
=+3. Construct a cost-volume-profit chart indicating the break-even sales for the current year, assuming that a noncancelable contract is signed for the additional billboard advertising. No changes
=+2. Using the cost-volume-profit chart prepared in part (1), determine (a) the income from operations for last year and (b) the maximum income from operations that could have been realized during
=+1. Construct a cost-volume-profit chart indicating the break-even sales for last year. Verify your answer, using the break-even equation.
=+P11-4 Break-even sales and costvolume-profit chart Objs 3, 4/ 1.1,500 units Last year, Pocket PC Co. had sales of $430,000, based on a unit selling price of $215. The vari¬able cost per unit was
=+4. Determine the probable income (loss) from operations ifsales total 29,000 units.
=+3. Construct a cost-volume-profit chart, assuming maximum sales of 40,000 units within the relevant range.
=+2. Compute the sales (units) required to realize income from operations of $95,000.
=+1. Compute the anticipated break-even sales (units).
=+/ 1.17,500 units For the coming year, Wisconsin Products Inc. anticipates a unit selling price of $72, a unit vari able cost of $34, and fixed costs of $665,000.Instructions
=+8. Based on the data given, would you recommend accepting the proposal? Explain.
=+7. Ifthe proposal is accepted and sales remain at the 2008 level, what will the income or loss from operations be for 2009?
=+6. Determine the maximum income from operations possible with the expanded plant.
=+5. Determine the amount ofsales (units) that would be necessary under the proposed program to realize the $534,375 ofincome from operations that was earned in 2008.
=+4. Compute the break-even sales (units) under the proposed program.
=+3. Compute the break-even sales (units) for 2008.
=+2. Determine for 2008 (a) the unit variable cost and (b) the unit contribution margin.
=+1. Determine for 2008 the total fixed costs and the total variable costs.
=+The division of costs between fixed and variable is as follows:Fixed Variable Cost ofsales 40% 60%Selling expenses 50% 50%Administrative expenses 75% 25%Management is considering a plant expansion
=+P11-2 Break-even sales under present and proposed conditions Objs 2, 3 V 3.13,250 units French Board Inc., operating at full capacity, sold 25,125 units at a price of $75 per unit during 2008. Its
=+Cost Fixed Cost Variable Cost Mixed Cost
=+t. Foam rubber for cushion fillings Instructions Classify the preceding costs as either fixed, variable, or mixed. Use the following tabular headings and place an “X” in the appropriate column.
=+r. Rental costs ofwarehouse, $15,000 per month s. Straight-line depreciation on factory equipment
=+q. Cartons used to ship sofas
=+p. Legal fees paid to attorneys in defense ofthe company in a patent infringement suit, $ 15,000 plus $175 per hour
=+m. Hourly wages ofsewing machine operators Cost Behavior and Cost-Volume-Profit Analysis 433 n. Salary of designers o. Property taxes on property, plant, and equipment
=+New Age Furniture Company manufactures sofas for distribution to several major retail chains.The following costs are incurred in the production and sale ofsofas:a. Springsb. Consulting fee of
=+c. Why is there a difference in the increase in income from operations for the two companies?Explain.
=+b. How much would income from operations increase for each company ifthe sales of each increased by 10%?
=+a. Compute the operating leverage for Juras Inc. and Hinson Inc.
=+Juras Inc. and Hinson Inc. have the following operating data:Juras_Hinson Sales $160,000 $215,000 Variable costs 130,000 115,000 Contribution margin $ 30,000 $100,000 Fixed costs 20,000 75,000
=+El 1-24 At a recent staffmeeting, the management of Horn Technology Products was considering Break-even and margin of discontinuing the Plercules line oflaptop computers from the product line. The
=+b. Ifthe margin ofsafety for Porter Company was 20%, fixed costs were $600,000, and variable costs were 70% ofsales, what was the amount of actual sales (dollars)? (Hint: Determine the break-even
=+a. IfLarker Company, with a break-even point at $450,000 ofsales, has actual sales of$500,000, what is the margin ofsafety expressed (1) in dollars and (2) as a percentage of sales?
=+b. How many business class and tourist class seats would be sold at the break-even point?
=+a. Compute the break-even number ofseats sold on a single round-trip flight for the overall product. Assume that the overall product is 20% business class and 80% tourist class tickets.
=+E11-22 Break-even sales and sales mix for a service company Obj 5/a. 65 seats Fly-by-Night Airways provides air transportation services between New York and Miami. A single New York to Miami
=+b. How many units of each product, marshmallow bunnies and jelly beans, would be sold at the break-even point?
=+a. Compute the break-even sales (units) for the overall product, E.
=+Candies Inc. manufactures and sells two products, marshmallow bunnies and jelly beans. The fixed costs are $350,000, and the sales mix is 70% marshmallow bunnies and 30% jelly beans.The unit
=+E11-20 Break-even chart Obj 4 Name the following chart, and identify the items represented by the letters (a) through (f).Operating Profit(Loss)$150,000$100,000$50,000
=+in part (c).Name the following chart, and identify the items represented by the letters (a) through (f).Sales and Costs 000$100,000$50,000
=+Using the data for Knight Inc. in Exercise 11-17, (a) determine the maximum possible operating loss, (b) compute the maximum possible income from operations, (c) construct a profit-volume chart,
=+What is the main advantage ofpresenting the cost-volume-profit analysis in graphic form rather than equation form?
=+How much revenue per account would be sufficient for Sprint Nextel to break even ifthe number of accounts remained constant?
=+a. What is Sprint Nextels break-even number of accounts, using the data and assumptions above? Round units to the nearest million.
=+Assume that 70% ofthe cost ofrevenue and 40% ofthe selling, general, and administrative expenses are variable to the number of direct subscribers (accounts).
=+Sprint Nextel is one ofthe largest digital wireless service providers in the United States. In a recent year, it had 39.7 million direct subscribers (accounts) that generated revenue of $14,647
=+Determine the number of new customer accounts needed to break even on the cost ofthe promotional campaign. In forming your answer, (1) treat the cost of mailing the disk as a fixed cost, and (2)
=+Cost per disk (including mailing)Number of months an average new customer stays with the service (including the three free months)Revenue per month per customer account Variable cost per month per
=+The America Online division of Time Warner has fueled its growth by using aggressive promotion strategies. One ofthese strategies is to send compact disk software to potential customers, offering
=+b. Compute the anticipated break-even sales (units), assuming that the unit selling price is increased and all costs remain constant.
=+a. Compute the current break-even sales (units).
=+b. Compute the anticipated break-even sales (barrels) for the following year.Currently, the unit selling price of a product is $300, the unit variable cost is $225, and the total fixed costs are
=+Rounding to the nearest cent:a. Compute the break-even sales (barrels) for the current year.
=+In addition, Anheuser-Busch sold 136 million barrels ofbeer during the year. Assume that variable costs were 70% ofthe cost of goods sold and 45% ofmarketing and distribution expenses. Assume that
=+Anheuser-Busch Companies, Inc., reported the following operating information for a recent year (in millions):Net sales $14,935 Cost of goods sold $ 8,983 Marketing and distribution 2,590$11,573
=+For the current year ending March 31, Zing Company expects fixed costs of $425,750, a unit variable cost of $40, and a unit selling price of $65.a. Compute the anticipated break-even sales
=+c. How much would income from operations increase ifsame-store sales increased by $450 million for the coming year, with no change in the contribution margin ratio or fixed costs?
=+b. What is McDonald’s contribution margin ratio? Round to two decimal places.
=+a. What is McDonald’s contribution margin? Round to the nearest million.
=+Income from operations $ 2,866 Assume that the variable costs consist offood and packaging, payroll, and 40% ofthe general, selling, and administrative expenses.
=+For a recent year, McDonald’s had the following sales and expenses (in millions):Sales $15,352 Food and packaging $ 5,204 Payroll 4,040 Occupancy (rent, depreciation, etc.) 1,022 General,
=+El 1-9 66#Contribution margin ratio Obj 2 b-/a. 55%Spock Company budgets sales of $840,000, fixed costs of $378,000, and variable costs of$378,000. What is the contribution margin ratio for Spock
=+Determine the variable cost per gross-ton mile and the fixed cost.
=+Ell-8 High-low method for service company Obj 1 y Fixed cost, Great Plains Railroad decided to use the high-low method and operating data from the past six months to estimate the fixed and variable
=+b. Based on part (a), estimate the total cost for .25,000 units ofproduction.
=+a. Determine the variable cost per unit and the fixed cost.
=+Ell-7 High-low method Obj 1/a. $10.00 per unit W & O Inc. has decided to use the high-low method to estimate the total cost and the fixed and variable cost components ofthe total cost. The data for
=+Complete the cost schedule, identifying each cost by the appropriate letter (a) through (o).
=+Ell-6 Relevant range and fixed and variable costs Obj 1/a. $0.40 Laser Tex Inc. manufactures low-end computer components within a relevant range of 100,000 to 140,000 disks per year. Within this
=+El 1-5 Identify fixed and variable costs Obj 1 Intuit Inc. develops and sells software products for the personal finance market, including pop¬ular titles such as Quicken® and TurboTax®.
=+E11-4 Identity activity bases Obj 1 From the following list of activity bases for an automobile dealership, select the base that would be most appropriate for each of these costs: (1) preparation
=+Housing personnel wagesc. Number ofstudent/athletes Admissions office salaries'”* -^1— *- —d. Number of enrollment applications School suppliese. Number ofstudents living on campus Record
=+Ell-3 Identify activity bases Obj 1 For a major university, match each cost in the following table with the appropriate to it. An activity base may t>e used more than once, or not activity bas used
=+Salary of quality control supervisor, $5,000 per month Total direct materials cost Electricity costs of $3,000 per month plus $0.05 per kilowatt-hour Per-unit cost ofstraight-line depreciation on
=+The following cost graphs illustrate various types of cost behavior:Identify cost graphs Obj 1 Cost Graph One Cost Graph Two Cost Graph Three Cost Graph Four Total Units Produced For each ofthe
=+El 1-2; 4. Pension cost, $0.50 per employee hour on the job 5. Hourly wages ofmachine operators 6. Rent on warehouse, $5,000 per month plus $5 per square foot ofstorage 7. Refrigerant used in
=+E11-1 Classify costs Ob] 1 Following is a list ofvarious costs incurred in producing frozen pizzas. With respect to the production and sale offrozen pizzas, classify each cost as either variable,
=+17. The reliability of cost-volume-profit (CVP) analysis depends upon several key assumptions. What are those primary assumptions?Exercises
=+16. What does operating leverage measure, and how is it computed?
=+15. How does the sales mix affect the calculation ofthe break-even point?
=+14. Both Stratton Company and Callahan Company had the same sales, total costs, and income from operations for the current fiscal year; yet Stratton Company had a lower break-even point than
=+13. Ifinsurance rates are increased, what effect will this change in fixed costs have on the break-even point?
=+12. Ifthe unit cost of direct materials is decreased, what effect will this change have on the break-even point?
=+11. An examination ofthe accounting records ofHudson Company disclosed a high contribution margin ratio and production at a level below maximum capacity.Based on this information, suggest a likely
=+10. Iffixed costs increase, what would be the impact on the(a) contribution margin? (b) income from operations?
=+9.In applying the high-low method of cost estimation, how is the total fixed cost estimated?
=+8. Which ofthe following graphs best illustrates fixed costs per unit as the activity base changes?(b)'c 3L.ai ai/i 4-/1/1 ou 0 Activity Base
=+Cost Behavior and Cost-Volume-Profit Analysis 425(b)o u'c 30 Total Units Produced
=+7. Which ofthe following graphs illustrates how unit variable costs behave with changes in total units produced?
=+6. Which ofthe following graphs illustrates how total variable costs behave with changes in total units produced?(b)V, o u~03 4-J p0 Total Units Produced
=+5. In cost analyses, how are mixed costs treated?
=+4. How would each ofthe following costs be classified if units produced is the activity base?a. Straight-line depreciation ofplant and equipmentb. Salary offactory supervisor ($80,000 per year)c.

Showing 300 - 400 of 3692

1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
Last

Services

Sitemap
Fun
Definitions
Become Tutor
Study Help Categories
Recent Questions
Expert Questions

Company Info

Security
Copyrights
Privacy Policy
Terms & Conditions
SolutionInn Fee
Scholarship

Get In Touch

About Us
Contact Us
Career
Jobs
FAQ
Campus Ambassador

Secure Payment

Download Our App

© 2024 SolutionInn. All Rights Reserved