Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Can someone please help me with these questions. Thank you. Week 1 assignment-ACC/543 Q1: Doughton Bearings produces ball bearings for industrial equipment. In evaluating the
Can someone please help me with these questions. Thank you.
Week 1 assignment-ACC/543 Q1: Doughton Bearings produces ball bearings for industrial equipment. In evaluating the previous year, the accounting manager has determined that their unit sales price is $25 p variable cost is $18 per bearing. What is the unit contribution margin per unit? Q 2: Felton Paper produces paper for textbooks. Felton plans to produce 500,000 cases sell at a price of $100 per case. Each case costs the company $80 to produce. What is th margin for next quarter? Q 3: Ford Tops manufactures hats for baseball teams. For has fixed costs of $175,000 p each hat sells for $20. If the variable cost per hat is $10, how many hats must the compa to break even? Q 4: The Cobb Clinic treats walk in patients for various illnesses. The accounting manag they have $5,000 in monthly fixed costs in addition to a $20 cost per patient. If the charge many visits per month does the clinic need to breakeven? Q 5: Oxicon, Inc. manufactures several different types of candy for various retail stores. manager has requested that you determine the sales dollars required to break even for n on past financial data. Your research tells you that the total variable cost will be $500,000 $750,000, and fixed costs will be $75,000. What is the breakeven point in sales dollars? Q 6: Williams & Williams Co. produces plastic spray bottles and wants to earn a profit of quarter and have variable costs of $0.50 per bottle, fixed costs of $400,000, and sell the b each. How many bottles must they sell to meet this goal? Q 7: Scott Power produces batteries. Scott has determined its contribution margin to be their contribution margin ratio to be 0.4. What is the effect on operating profit from the sal battery? One additional dollar of sales? Q 8: ABC Audio sells headphones and would like to earn after tax profit of $400 every w headphones costs $5 and is sold for $10. They also incur costs of $200 for rent and othe their tax rate is 20%. How many headphones must they sell per week to meet this goal? Q 8: ABC Audio sells headphones and would like to earn after tax profit of $400 every w headphones costs $5 and is sold for $10. They also incur costs of $200 for rent and othe their tax rate is 20%. How many headphones must they sell per week to meet this goal? Q 9: Franklin Cards sells greeting cards for $2 each, and plans to sell 100,000 cards eve accounting manager has determined they must sell 80,000 cards to break even every qua the margin of safety (MOS), in units and in sales dollars? Q 10: May Clothing is a retail men's clothing store. May's cost is $20 per shirt. The sales per shirt. They plan to sell 400,000 shirts each year, which at this level would result in a b of $2,500,000. What is their degree of operating leverage (DOL) at this volume level? pment. In evaluating their financial data from the unit sales price is $25 per bearing and their unit gin per unit? produce 500,000 cases of paper next quarter to 0 to produce. What is the total contribution xed costs of $175,000 per quarter and y hats must the company sell each quarter The accounting manager has estimated per patient. If the charge is $30 per visit, ow or various retail stores. The accounting red to break even for next quarter based e cost will be $500,000, total sales will be point in sales dollars? wants to earn a profit of $200,000 next $400,000, and sell the bottles for $1.00 ntribution margin to be $8 per battery and ating profit from the sale of one additional x profit of $400 every week. Each set of $200 for rent and other fixed costs, and eek to meet this goal? x profit of $400 every week. Each set of $200 for rent and other fixed costs, and eek to meet this goal? sell 100,000 cards every quarter. The o break even every quarter. What is $20 per shirt. The sales price is $40 level would result in a before tax profit at this volume levelStep by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started