Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

help Zulu sells its waterproof phone case for $106 per unit. Fixed costs total $242,000, and variable costs are $42 per unit Compute the units

help
image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
Zulu sells its waterproof phone case for $106 per unit. Fixed costs total $242,000, and variable costs are $42 per unit Compute the units that must be sold to get a target income of $214,000. Compute the contribution margin ratio and fixed costs using the following data, Sales \$ 5,900 Voriable costs $3,809 Income 5490 The following information is avallable for a company's maintenance cost over the last seven months. Using the high-low method, estimate both the fixed and variable components of its maintenance cost. Required information [The following information applies to the questions displayed below] Vintage Company reports the following information. Compute its product cost per unit under absorption costing. (Round your answers to 2 decimal places.) Viva sells its waterproof phone case for $108 per unit. Fixed costs total $207,000, and variable costs are $49 per unit. US-Mobile manufactures and sells two products, tablet computers (70\% of sales) and smartphones ( 30% of sales). Fixed costs are $1,450,000, and the weighted-average contribution margin per unit is $145. How many units of each product are sold at the breakeven point? Aces incorporated, a manufacturer of tennis rackets, began operations this year. The company produced 6,300 rackets and sold 5,200 . Each racket was sold at a price of $93. Fixed overhead costs are $83,790 for the year, and fixed selling and administrative costs are $65,500 for the year. The company also reports the following per unit variable costs for the year. Required: Prepare an income statement under variable costing. Zhao Company has fixed costs of $455,600. Its single product sells for $191 per unit, and variable costs are $124 per unit. If the company expects sales of 10,000 units, compute its margin of safety (a) in dollars and (b) as a percent of expected sales. Aces incorporated, a manufacturer of tennis rackets, began operations this year. The company produced 5,000 rackets and sold 3.900. Each racket was sold at a price of $80. Fixed overhead costs are $60,000 for the year, and fixed selling and administrative costs are $64,200 for the year. The company also reports the following per unit variable costs for the year: Required: Prepare an income statement under absorption costing

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

Understanding Financial Accounting

Authors: Christopher D. Burnley

2nd Canadian Edition

1119406927, 978-1119406921

More Books

Students also viewed these Accounting questions

Question

Describe an example of treatment for graphemic buffer impairment.

Answered: 1 week ago