Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Hamsie Pamsie, Inc. sells hams during the major holiday seasons. During the current year 11,000 hams were sold resulting in $220,000 of sales revenue, $55,000

  1. Hamsie Pamsie, Inc. sells hams during the major holiday seasons. During the current year 11,000 hams were sold resulting in $220,000 of sales revenue, $55,000 of variable costs, and $24,000 of fixed costs.

The breakeven point in units is:

The correct answer is not listed.

1,600 hams

1,200 hams

1,000 hams

  1. The number of hams that must be sold to achieve $75,000 of operating income is:

7,500 hams

6,600 hams

8,400 hams

The correct answer is not listed.

  1. The contribution margin per unit is:

$65,000

$15

$1

The correct answer is not listed.

$2.18

  1. Topper Table manufactures coffee tables. The following information pertains to the company's normal operations per month:

Output units 30,000 tables

Direct materials per unit $50

Direct manufacturing labor per unit $2

Variable manufacturing overhead costs $161,250

Fixed manufacturing overhead costs $600,000

Product and process design costs $450,000

Marketing and distribution costs $562,500

Topper Table is approached by an overseas customer to fulfill a one-time-only special order for 2,000 units. All cost relationships remain the same except for a one-time setup charge of $20,000. No additional design, marketing, or distribution costs will be incurred. There is no long-run impact of this order on this overseas customer nor on existing customers. What is the minimum acceptable bid price per unit on this one-time-only special order? Topper Table currently has unconstrained capacity. Present your calculations, and explain in the text box below for full grade.

$67.38

$80.85

$111.13

$77.38

The correct answer is not listed.

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

Detecting Accounting Fraud Analysis And Ethics

Authors: Cecil Jackson

1st Edition

0133078604, 9780133078602

More Books

Students also viewed these Accounting questions

Question

2. How do I perform this role?

Answered: 1 week ago