Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

got a little bit of a long one here. at the 42,000-hour level. Compute the maintenance cost formula. Totalcost=$+($xdirectlaborhours) What cost might we expect at

image text in transcribed

image text in transcribed

image text in transcribed

image text in transcribedimage text in transcribed

image text in transcribedimage text in transcribedimage text in transcribed

got a little bit of a long one here.

at the 42,000-hour level. Compute the maintenance cost formula. Totalcost=$+($xdirectlaborhours) What cost might we expect at an operating level of 52,000 direct labor hours? $ Question 2 Not yet answered Flag question Relevant Range and High-Low Method the appropriate costs in each column in which blanks appear: Total Cost Formula next accounting period. What overhead rate per direct labor hour should be applied to jobs worked during the period? Round answer to two decimal places. Overhead rate per direct labor hour d Question 4 Not yet answered Flag question Break-Even Calculations Compute the break-even point in units for each of the following independent situations: Cost-Volume Profit Analysis (assume unit production volume equals unit sales volume). a. What is the contribution margin ratio for Incline's product? 1% b. Calculate the break-even point in revenue for Incline? q Question 6 Not yet answered Flag question Break-Even Analysis expense equals $34,780. a. Calculate the units that Feet-First must sell in order to break even. b. Calculate the sales revenue that Feet-First must earn to break even by using the contribution margin. c. Confirm your answer in requirement b, by muliplying the number of break-even units in requirement a by the unit sales price. Net Income Planning The income tax rate was 40%. a. How many units of product were sold last year? units b. What was the break-even point in units last year? units c. The company wishes to increase its after-tax net income by 20% this year. If selling prices and the income tax rate remain unchanged, how many units must be sold? units Question 8 Not yet answered Flag question Break-Even (Units) Parker \& Associates, LLC has budgeted the following amounts for its next fiscal year: Round percentage to one decimal place (ex: 0.03456=3.5% ). % Break-Even (Sales Dollars) Fixed expenses total $37,566, the break-even sales in dollars is $94,846, and the selling price per unit is $98. Calculate the variable expense per unit (round to the nearest cent). q Question 10 Not yet answered Flag question Margin of Safety a. What is the monthly margin of safety in dollars if Yellow Sticker Company achieves its operating income goal? in dollars b. What is the monthly margin of safety in units if Yellow Sticker Company achieves its operating income goal? units What is the operating leverage factor for Jordan's Bake Shop at the target level of operating income? Round answer to two decimal places. High-Low and Cost Formula Harrison Company has accumulated the following total manufacturing overhead costs for two levels of activity (within the relevant range): The total overhead cost includes variable, fixed, and mixed costs. At 130,000 direct labor hours, the total cost breakdown is as follows: Isolate mixed costs: Do not use negative signs with vour answers. High-Low Analysis: Round variable portion per unit to two decimal places, if applicable. Variable portion per unit: b. What should the total planned overhead cost be at 115,000 direct labor hours? Total planned overhead for 115,000 direct labor hours

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_2

Step: 3

blur-text-image_3

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

Clinical Audit In Primary Care Demonstrating Quality And Outcomes

Authors: Ruth Chambers, Gill Wakley

1st Edition

1857757092, 978-1857757095

More Books

Students also viewed these Accounting questions

Question

How would you assess the construct validity of a multi-item scale?

Answered: 1 week ago