Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

6 Zhao Company has fixed costs of $245,000. Its single product sells for $155 per unit, and variable costs are $106 per unit. If the

image text in transcribed
6 Zhao Company has fixed costs of $245,000. Its single product sells for $155 per unit, and variable costs are $106 per unit. If the company expects sales of 10,000 units, compute its margin of safety (a) in dollars and (b) as a percent of expected sales. a. Margin of safety (in dollar) 8 02:27:08 b. Margin of safety (%) 7 US-Mobile manufactures and sells two products, tablet computers (60% of sales) and smartphones (40% of sales) Fixed costs are $700,000, and the weighted-average contribution margin per unit is $100. How many units of each product are sold at the break-even point? Determine the break -even point in units . 8 02:26:55 Numerator: Denominator: Break Even Units Break even units Determine the number of units of each product that will be sold at the break-even point. Tablet computers Smartphones Required information The following information applies to the questions displayed below.] Part 1 of 2 Vintage Company reports the following information. Direct materials $ 10.50 per unit Direct labor $ 20.50 per uni 8 02:26:45 Units produced per year 25, 060 units Variable overhead Fixed overhead $ 10.50 per unit 212,500 per year Compute product cost per unit under absorption costing. (Round your answers to 2 decimal places.) Product cost per unit using absorption costing Per unit Product cost per unit Required information The following information applies to the questions displayed below.] Part 2 of 2 Vintage Company reports the following information. Direct material Direct labor $10-36 per unit 8 02:26:36 Units produced per year Variable overhead $ 10.50 per unit Fixed overhead 212, 500 per year Compute product cost per unit under variable costing. (Round your answers to 2 decimal places.) Product cost per unit using variable costing Per unit Product cost per unit 10 Required information The following information applies to the questions displayed below.] Part 1 of 4 Aces Incorporated, a manufacturer of tennis rackets, began operations this year. The company produced 6,950 rackets and sold 5,380. Each racket was sold at a price of $90 selling and administrative costs are $67 costs are $90,350 per year, and fixed selling and administrative costs are $67,200 per year. The company also reports the following per unit variable costs for the year. 8 02:25:38 Direct materials Direct labor Variable overhead NUO Variable selling and administrative expenses Prepare an income statement under variable costing. ACES INCORPORATED Income Statement (Variable Costing)

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Accounting Regulation In Japan Evolution And Development From 2001 To 2015

Authors: Masatsugu Sanada, Yoshihiro Tokuga

1st Edition

0367221071, 9780367221072

More Books

Students also viewed these Accounting questions