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BLP, Inc. has a single product. The company's sales and expenses for February are shown below: Total Sales 5310,000 217,000 Variable expenses Fixed expenses Sales
BLP, Inc. has a single product. The company's sales and expenses for February are shown below: Total Sales 5310,000 217,000 Variable expenses Fixed expenses Sales price per unit 76,200 $20 1. What is the break even point in dollar sales? 2 IFBLP would like to achieve a target profit of $25,000, how many units need to be sold? 3. Given the original operating levels for February previously given, if the company's sales decrease 10% below what was experienced in February, what will be the % change in operating income? A company provided you with the following details concerning operations for the month of July in its Laminating department All units that finish in the Laminating department are then moved to the Finishing department. The company uses process costing. The following data refers to the Laminating department: Percent Complete Units Materials Conversion WIP, July 1 60,000 70% 40% 307,500 Started into production Work in process ending 70,000 75% 25% Conversion Work in process, beginning Materials S21,200 $227,300 $7.200 Cost added in June $153,450 Scenario 1: Assume that the company uses the weighted average method: What is the cost per EU for a Materials b. Conversion c Scenario 2: Assume the company uses the FIFO method: What is the total cost of ending WIP inventory
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