Question
I need direct answer just to compare with my solutions Thanks ================================================== Bristo Corporation has sales of 2,500 units at $50 per unit. Variable expenses
I need direct answer just to compare with my solutions
Thanks
==================================================
Bristo Corporation has sales of 2,500 units at $50 per unit. Variable expenses are 20% of the selling price. If total fixed expenses are $90,000, the degree of operating leverage is:
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Farris Corporation, which has only one product, has provided the following data concerning its most recent month of operations:
Selling price | $116 |
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Units in beginning inventory | 0 |
Units produced | 9,000 |
Units sold | 8,600 |
Units in ending inventory | 400 |
Variable costs per unit: | |
---|---|
Direct materials | $ 19 |
Direct labor | $ 61 |
Variable manufacturing overhead | $ 7 |
Variable selling and administrative expense | $ 11 |
Fixed costs: | |
Fixed manufacturing overhead | $135,000 |
Fixed selling and administrative expense | $ 8,900 |
What is the net operating income (loss) for the month under variable costing?
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Gabuat Corporation, which has only one product, has provided the following data concerning its most recent month of operations:
Selling price | $ 164 |
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Units in beginning inventory | 0 |
Units produced | 3,700 |
Units sold | 3,260 |
Units in ending inventory | 440 |
Variable costs per unit: | |
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Direct materials | $ 51 |
Direct labor | $ 32 |
Variable manufacturing overhead | $ 6 |
Variable selling and administrative expense | $ 6 |
Fixed costs: | |
Fixed manufacturing overhead | $88,800 |
Fixed selling and administrative expense | $32,600 |
The total gross margin for the month under the absorption costing approach is:
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Krepps Corporation produces a single product. Last year, Krepps manufactured 27,120 units and sold 21,800 units. Production costs for the year were as follows:
Direct materials | $222,384 |
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Direct labor | $124,752 |
Variable manufacturing overhead | $208,824 |
Fixed manufacturing overhead | $461,040 |
Sales totaled $915,600 for the year, variable selling and administrative expenses totaled $128,620, and fixed selling and administrative expenses totaled $197,976. There was no beginning inventory. Assume that direct labor is a variable cost.
Under variable costing, the company's net operating income for the year would be:
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Mio Canoe Livery rents canoes and transports canoes and customers to and from their canoe trip on a local river. The trip is priced at $20 per person and has a CM ratio of 30%. Mio's fixed expenses are $84,000. Last year, sales were $400,000 and profit was $36,000. How many units need to be sold to break-even, and how many need to be sold to earn a profit of $42,000?
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