Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

CALCULATOR FULL SCREEN PRINTER VERSION BACK NEXT RCES work Problem 7-1A a-b, c (Video) ThreePoint Sports Inc, manufactures basketballs for the Women's National Basketball Association

image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
CALCULATOR FULL SCREEN PRINTER VERSION BACK NEXT RCES work Problem 7-1A a-b, c (Video) ThreePoint Sports Inc, manufactures basketballs for the Women's National Basketball Association (WNBA). For the first 6 months of 2020, the company reported the following operating results while operating at 80% of plant capacity and producing 118,800 units. Video) del Sales Cost of goods sold Selling and administrative expenses Net income Amount $4,514,400 3,633,000 517,540 $363,860 Study Fixed costs for the period were cost of goods sold $960,000, and selling and administrative expenses $274,000. In July, normally a slack manufacturing month, ThreePoint Sports receives a special order for 10,000 basketballs at $29 each from the Greek Basketball Association (GBA). Acceptance of the order would increase variable selling and administrative expenses $0.77 per unit because of shipping costs but would not increase fixed costs and expenses. Se p ping costs but would not increase fixed costs and expenses. Homework Video (a) Prepare an incremental analysis for the special order. (Round all per unit computations to 2 decimal places, e.g. 15.25. Enter negative amounts using either a negative sign preceding the number e.g. -45 or parentheses e.g. (45).) -b (Video) (Video) (Video) Reject Order Accept Order Net Income Increase (Decrease) (Video) Aabe Revenues Cost of goods sold ts by Study Selling and administrative expenses Net income (b) Should ThreePoint Sports Inc. accept the special order? LINK TO TEXT VIDEO SIMILAR PROBLEM What is the minimum selling price on the special order to produce net income of 5.11 ner hallD a n What is the minimum selling price on the special order to produce net income of $5.11 per ball? (Round answer to 2 decimal places, e.g. 15.25.) Minimum selling price Click if you would like to Show Work for this question: Open Show Work LINK TO TEXT VIDEO: SIMILAR PROBLEM "ractice Assignment Gradebook ORION Downloadable eTextbook ignment CALCULATOR FULL SCREEN PRINTER VERSION BACK NEXT Brief Exercise 6-10 a-b (Part Level Submission) Faune Furniture Co. consists of two divisions, Bedroom Division and Dining Room Division. The results of operations for the most recent quarter are: Bedroom Division Dining Room Division Total Sales Variable costs Contribution margin $511,200 265,824 $245,376 $766,800 444,744 $322,056 $1,278,000 710,568 $ 567,432 (a) Determine the company's sales mix. (Round answers to 2 decimal places, e.g. 0.15.) Sales mix Bedroom Division Dining Room Division Click if you would like to Show Work for this question: Qren Show Work onment CALCULATOR FULL SCREEN PRINTER VERSION BACK NEXT Exercise 6-2 (Video) (Part Level Submission) In the month of June, Jose Hebert's Beauty Salon gave 4,200 haircuts, shampoos, and permanents at an average price of $40. During the month, fixed costs were $16,800 and variable costs were 75% of sales. (a) Determine the contribution margin in dollars, per unit and as a ratio. (Round contribution margin and contribution margin per unit to 2 decimal places, e.g. 5.75.) Contribution margin Contribution margin per unit Contribution margin ratio Click if you would like to Show Work for this question: Open Show Work LINK TO TEXT VIDEO: SIMILAR EXERCISE Attempts: 0 of 3 used SAVE FOR LATER SUBMIT ANSWER Exercise 6-7 (Video) (Part Level Submission) PDQ Repairs has 200 auto-maintenance service outlets nationwide. It performs primarily two lines of service: oil changes and brake repair. Oil change-related services represent 70% of its sales and provide a contribution margin ratio of 20%. Brake repair represents 30% of its sales and provides a 30% contribution margin ratio. The company's fixed costs are $15,699,800 (that is, $78,499 per service outlet). (a) Calculate the dollar amount of each type of service that the company must provide in order to break even. (Use Weighted Average Contribution Margin Ratio rounded to 2 decimal places e.g. 0.25 and round final answers to O decimal places, e.g. 2,510.) Oil changes Brake repairs Click if you would like to Show Work for this question: Open Show Work LINK TO TEXT VIDEO: SIMILAR EXERCISE Attempts: 0 of 3 used SAVE FOR LATER SUBMIT ANSWER (b)

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

Glencoe Accounting

Authors: McGraw-Hill

1st Edition

0021400881, 9780021400881

More Books

Students also viewed these Accounting questions