Question
Ocean City Kite Company manufactures & sells kites for $6.50 each. The variable cost per kite is $3.50 with the current annual sales volume of
Ocean City Kite Company manufactures & sells kites for $6.50 each. The variable cost per kite is $3.50 with the current annual sales volume of 70,000 kites. This volume is currently Ocean City Kite's breaking even point. Use this information to determine the dollar amount of Ocean City Kite Company's fixed costs. (Round dollar value to the nearest whole dollar & enter as whole dollars only.)
Ocean City Kite Company sells kites for $12.00 per kite. In FY 2019, total fixed costs are expected to be $235,000 and variable costs are estimated at $3.50 a unit.Ocean City Kite Company wants to have a FY 2019 operating income of $85,000. Use this information to determine the number of units of kites that Ocean City Kite Company must sell in FY 2019 to meet this goal. (Round your answer to a whole number)
The following totals are used to create CVP Income Statement for Frederick Company for FY2018:
Frederick Company
Selected Financial Figures
For the Year Ended 12/31/18
Sales (100 units)
$10,000
Variable Costs:
Direct Labor
$1,500
Direct Materials
1,350
Factory Overhead (variable)
2,000
Selling Expenses (variable)
600
Administrative Expenses (variable)
500
Fixed Costs:
Factory Overhead (fixed)
$700
Selling Expenses (fixed)
1,000
Administrative Expenses (fixed)
1,000
Frederick Company utilizes a JIT production system and there are no Raw Materials, Work-in-Process or Finished Goods inventories.Use this information to determineFY 2018 Contribution Margin Percentage.Enter percentage to one decimal place. (example enter 35.5% as 35.5)
The following totals are used to create CVP Income Statement for Frederick Company for FY2018:
Frederick Company
Selected Financial Figures
For the Year Ended 12/31/18
Sales (100 units)
$10,000
Variable Costs:
Direct Labor
$1,350
Direct Materials
1,950
Factory Overhead (variable)
2,000
Selling Expenses (variable)
600
Administrative Expenses (variable)
500
Fixed Costs:
Factory Overhead (fixed)
$850
Selling Expenses (fixed)
1,000
Administrative Expenses (fixed)
1,000
Frederick Company utilizes a JIT production system and there are no Raw Materials, Work-in-Process or Finished Goods inventories.Use this information to determine theFY 2016 breakeven point in units.Round and enter as a whole number.
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