{ "key_pair_value_system": true, "answer_rating_count": "", "question_feedback_html": { "html_star": "", "html_star_feedback": "" }, "answer_average_rating_value": "", "answer_date_js": "2024-06-28T07:50:18-04:00", "answer_date": "2024-06-28 07:50:18", "is_docs_available": null, "is_excel_available": null, "is_pdf_available": null, "count_file_available": 0, "main_page": "student_question_view", "question_id": "4267010", "url": "\/study-help\/questions\/1-peace-river-products-inc-sales-mix-is-41-as-4267010", "question_creation_date_js": "2024-06-28T07:50:18-04:00", "question_creation_date": "Jun 28, 2024 07:50 AM", "meta_title": "[Solved] 1. Peace River Products Inc Sales mix is | SolutionInn", "meta_description": "Answer of - 1. Peace River Products Inc Sales mix is 4:1 (as many DVDs are sold as equipment sets). VariableSalesTotal ProductPric | SolutionInn", "meta_keywords": "1,peace,river,products,inc,sales,mix,4,dvds,sold,equipment,sets", "question_title_h1": "1. Peace River Products Inc Sales mix is 4:1 (as many DVDs are sold as equipment sets). VariableSalesTotal ProductPrice?Cost=CMMix=CM DVDs$13$3$104$40 Equipment sets147717 Total$47 Break-even packages", "question_title": "1. Peace River Products Inc Sales mix is 4:1 (as many DVDs", "question_title_for_js_snippet": "1 Peace River Products Inc Sales mix is 4 1 (as many DVDs are sold as equipment sets) VariableSalesTotal ProductPrice Cost CMMix CM DVDs$13$3$104$40 Equipment sets147717 Total$47 Break even packages 1,788 Break even DVDs 4 1,788 7,152 Break even equipment sets (1788 is incorrect) 2 Margin of Safety and Operating Leverage Medina Company produces a single product The projected income statement for the coming year is as follows Sales (40,500 units $49 00) $1,984,500 Total variable cost 833,490 Contribution margin $ 1,151,010 Total fixed cost 791,816 Operating income $ 359,194 4 Compute the new operating income if sales are 20 higher than expected Round intermediate calculations to two decimal places Round your final answer to the nearest dollar $ 756,094 is incorrect 3 The ATTACHMENT FILLING IN THE TABLE Variable Cost, Fixed Cost, Contribution Margin Income Statement HeadFirst Company plans to sell 5,220 bicycle helmets at $75 each in the coming year Product costs include Direct materials per helmet $30 Direct labor per helmet 8 Variable factory overhead per helmet 4 Total fixed factory overhead 20,000 Variable selling expense is a commission of $4 per helmet fixed selling and administrative expense totals $29,500 1 Calculate the total variable cost per unit $ per unit 3 Prepare a contribution margin income statement for HeadFirst Company for the coming year HeadFirst Company Contribution Margin Income Statement For the Coming Year Total Total Per unit Per unit Sales $ 391500 75 Total variable cost Total contribution margin Total fixed cost Operating income Variable Cost, Fixed Cost, Contribution Margin Income Statement HeadFirst Company plans to sell 5,220 bicycle helmets at $75 each in the coming year Product costs include Direct materials per helmet $30 Direct labor per helmet 8 Variable factory overhead per helmet 4 Total fixed factory overhead 20,000 Variable selling expense is a commission of $4 per helmet fixed selling and administrative expense totals $29,500 1 Calculate the total variable cost per unit $ per unit 2 Calculate the total fixed expense for the year $49500 3 Prepare a contribution margin income statement for HeadFirst Company for the coming year HeadFirst Company Contribution Margin Income Statement For the Coming Year Total Total Per unit Per unit Sales $ 391500 75 Total variable cost Total contribution margin Total fixed cost Operating income ", "question_description": "

1. Peace River Products Inc<\/p>

Sales mix is 4:1 (as many DVDs are sold as equipment sets).<\/p>

VariableSalesTotal<\/p>

ProductPrice?Cost=CMMix=CM<\/p>

DVDs$13$3$104$40<\/p>

Equipment sets147717<\/p>

Total$47<\/p>

<\/p>

Break-even packages = = 1,788<\/p>

Break-even DVDs = 4 1,788 = 7,152<\/p>

Break-even equipment sets = _____________? (1788 is incorrect) <\/p>

<\/p>

2. Margin of Safety and Operating Leverage<\/p>

<\/p>

Medina Company produces a single product. The projected income statement for the coming year is as follows:<\/p>

Sales (40,500 units @ $49.00) $1,984,500<\/p>

Total variable cost 833,490<\/p>

Contribution margin $ 1,151,010<\/p>

Total fixed cost 791,816<\/p>

Operating income $ 359,194<\/p>

4. Compute the new operating income if sales are 20% higher than expected. Round intermediate calculations to two decimal places. Round your final answer to the nearest dollar. ___________$ 756,094 is incorrect <\/p>

<\/p>

3. The ATTACHMENT. FILLING IN THE TABLE.<\/p>\"image Variable Cost, Fixed Cost, Contribution Margin Income Statement HeadFirst Company plans to sell 5,220 bicycle helmets at $75 each in the coming year. Product costs include: Direct materials per helmet $30 Direct labor per helmet 8 Variable factory overhead per helmet 4 Total fixed factory overhead 20,000 Variable selling expense is a commission of $4 per helmet; fixed selling and administrative expense totals $29,500 1. Calculate the total variable cost per unit. $_____?___ per unit 3. Prepare a contribution margin income statement for HeadFirst Company for the coming year. HeadFirst Company Contribution Margin Income Statement For the Coming Year Total Total Per unit Per unit Sales $ 391500 75 Total variable cost ? ? Total contribution margin ? ? Total fixed cost ? Operating income ? Variable Cost, Fixed Cost, Contribution Margin Income Statement HeadFirst Company plans to sell 5,220 bicycle helmets at $75 each in the coming year. Product costs include: Direct materials per helmet $30 Direct labor per helmet 8 Variable factory overhead per helmet 4 Total fixed factory overhead 20,000 Variable selling expense is a commission of $4 per helmet; fixed selling and administrative expense totals $29,500 1. Calculate the total variable cost per unit. $_____?___ per unit 2. Calculate the total fixed expense for the year._____$49500_______ 3. Prepare a contribution margin income statement for HeadFirst Company for the coming year. HeadFirst Company Contribution Margin Income Statement For the Coming Year Total Total Per unit Per unit Sales $ 391500 75 Total variable cost _________? __________? Total contribution margin __________? __________? Total fixed cost __________? Operating income ___________", "transcribed_text": "", "related_book": { "title": "Income Tax Fundamentals 2013", "isbn": "1111972516, 978-1285586618, 1285586611, 978-1285613109, 978-1111972516", "edition": "31st Edition", "authors": "Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill", "cover_image": "https:\/\/dsd5zvtm8ll6.cloudfront.net\/si.question.images\/book_images\/1124.jpg", "uri": "\/textbooks\/income-tax-fundamentals-2013-31st-edition-9781285586618", "see_more_uri": "" }, "free_related_book": { "isbn": "3031163044", "uri": "\/textbooks\/a-course-in-quantum-many-body-theory-from-conventional-fermi-liquids-to-strongly-correlated-systems-1st-edition-978-3031163043-290623", "name": "A Course In Quantum Many Body Theory From Conventional Fermi Liquids To Strongly Correlated Systems", "edition": "1st Edition" }, "question_posted": "2024-06-28 07:50:18", "see_more_questions_link": "\/study-help\/questions\/business-marketing-2022-June-08", "step_by_step_answer": "The Answer is in the image, click to view ...", "students_also_viewed": [ { "url": "\/regulated-utilities-such-as-duke-energy-are-authorized-to-earn", "description": "Regulated utilities such as Duke Energy are authorized to earn a specific rate of return on their capital investments. 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