Question
3.) The following totals are used to make a CVP Income Statement for Frederick Company for FY2018: Frederick Company Selected Financial Figures For the Year
3.) The following totals are used to make 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 $1,500
Direct Materials 1,300
Factory Overhead (variable) 2,000
Selling Expenses (variable) 600
Administrative Expenses (variable) 500
Fixed Costs:
Factory Overhead (fixed) $650
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 FY 2018 Contribution Margin Percentage.Enter percentage to one decimal place. (example enter 35.5% as 35.5)
4.)The following totals are used to make 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 $1,050
Direct Materials 1,950
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 determine theFY 2016 breakeven point in units.Round and enter as a whole number.
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