Question
2. Ocean City Kite Company sells kites for $8.50 per kite. In FY 2019, total fixed costs are expected to be $210,000 and variable costs
2.Ocean City Kite Company sells kites for $8.50 per kite. In FY 2019, total fixed costs are expected to be $210,000 and variable costs are estimated at $4.00 a unit.Ocean City Kite Company wants to have a FY 2019 operating income of $75,000. Use this information to determine the number of units of kites that Ocean City Kite Company must sell in FY 2019 to meet this goal. (Round your answer to a whole number)
3.The following totals are used to create the 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
$1,650
Direct Materials
1,200
Factory Overhead (variable)
2,000
Selling Expenses (variable)
600
Administrative Expenses (variable)
500
Fixed Costs:
Factory Overhead (fixed)
$700
Selling Expenses (fixed)
1,000
Administrative Expenses (fixed)
1,000
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 2018 Contribution Margin Percentage.Enter percentage to one decimal place. (example enter 35.5% as 35.5)
4.The following totals are used to create a 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
$2,000
Direct Materials
2,000
Factory Overhead (variable)
2,000
Selling Expenses (variable)
600
Administrative Expenses (variable)
500
Fixed Costs:
Factory Overhead (fixed)
$900
Selling Expenses (fixed)
1,000
Administrative Expenses (fixed)
1,000
Frederick Company utilizes a JIT production system and there are no Raw Materials, Work-in-Process or Finished Goods inventories.Use this information to determine theFY 2016 breakeven point in units.Round and enter as a whole number.
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