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1) The following totals are used to create a CVP Income Statement for Frederick Company for FY2020: Frederick Company Selected Financial Figures For the Year

1) The following totals are used to create a CVP Income Statement for Frederick Company for FY2020:

Frederick Company

Selected Financial Figures

For the Year Ended 12/31/20

Sales (100 units)

$10,000

Variable Costs:

Direct Labor

$1 750

Direct Materials

1 650

Factory Overhead (variable)

2,000

Selling Expenses (variable)

600

Administrative Expenses (variable)

500

Fixed Costs:

Factory Overhead (fixed)

$600

Selling Expenses (fixed)

1,000

Administrative Expenses (fixed)

1,000

2) Frederick Company utilizes a JIT production system and there are no Raw Materials, Work-in-Process or Finished Goods inventories.Use this information to determineFY 2020 Contribution Margin Percentage.Enter percentage to one decimal place. (example enter 35.5% as 35.5)

3) During FY 2020, Adelphi Company reported sales of $400,000, a contribution margin of $6,00 per unit, fixed costs of $135 000, and net income of $25 000. Use this information to determine the number of units Adelphi sold during FY 2018.(Round answer to nearest whole number)

Adelphi Company has budgeted activity for March to reflect net income $145 000. All sales are credit sales. Receivables are planned to increase (decrease -) by $33 000 payables to increase (decrease -) by $31 000 and Depreciation Expense is $50 000. Use this information to determine how much cash will increase (decrease) during the month of March. (Decreases in accounts receivable or accounts payable will have a negative sign in front of number.Round to nearest whole number (no cents).

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