20.

the following information was provided by Ring The Bells, Ltd. for the month of June:

Current sales price: $125.00 per unit

Current variable costs per unit: $72.75

23.

Waltzing Along, Ltd. is a company that uses job order costing. To apply overhead, it uses a predetermined overhead rate of 80% of direct labor cost. Using the following incomplete accounts, determine the cost of direct materials used.

24.

The budgeted income statement presented below is for XYST, Inc. for the coming fiscal year. Compute the number of units that must be sold in order to achieve a target net income of $1,300,000.

Sales (30,000 units)		$3,150,000
Costs:
Direct materials	$810,000
Direct labor	$345,000
Variable factory overhead	$277,500
Fixed factory overhead	$215,500
Variable selling and administrative costs	$216,000
Fixed selling and administrative costs	$92,350
Total costs		1,956,350
Net Income		$1,193,650

	a.	41,986
	b.	32,125
	c.	25,975
	d.	30,280
	e.	55,975

Current monthly fixed costs: $297,350

Current sales volume: 8,000 units

A manager at the firm projects the following changes will occur for the upcoming month of July:

Sales price will increase by $0.25 per unit

Variable costs will increase by $1.15 per unit

Monthly fixed costs will increase by $2,080 per month

Sales volume will increase by 780 units

If all of these changes occur, by how much will Julys net income change from the current June net income?

	a.	Decrease by $37,973
	b.	Increase by $30,773
	c.	Increase by $37,973
	d.	Decrease by $30,773