Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Please answer the questions down below, thank you kindly. High-Low Method The manufacturing costs of Ackerman Industries for the first three months of the year

Please answer the questions down below, thank you kindly. image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
High-Low Method The manufacturing costs of Ackerman Industries for the first three months of the year follow: Total Costs Units Produced January $307,980 1,305 units February 346,310 2,810 March 479,080 4,205 Using the high-low method, determine (a) the variable cost per unit and (b) the total fixed cost. Round all answers to the nearest whole dollar. a. Variable cost per unit b. Total fixed cost Contribution Margin United Merchants Company sells 26,000 units at $16 per unit. Variable costs are $9.44 per unit, and fixed costs are $85,300. Determine (a) the contribution margin ratio, (b) the unit contribution margin, and (c) income from operations. % a. Contribution margin ratio (Enter as a whole number.) per unit b. Unit contribution margin (Round to the nearest cent.) c. Income from operations Break-Even Point Nicolas Enterprises sells a product for $84 per unit. The variable cost is $46 per unit, while fixed costs are $381,216. Determine (a) the break-even point in sales units and (b) the break-even point if the selling price were increased to $90 per unit. a. Break-even point in sales units units b. Break-even point if the selling price were increased to $90 per unit units Target Profit Forest Company sells a product for $105 per unit. The variable cost is $35 per unit, and fixed costs are $490,000 Determine (a) the break-even point in sales units and (b) the break-even point in sales units if the company desires a target profit of $107,800. units a. Break-even point in sales units b. Break-even point in sales units if the company desires a target profit of $107,800 units Sales Mix and Break-Even Analysis Megan Company has fixed costs of $1,442,100. The unit selling price, variable cost per unit, and contribution margin per unit for the company's two products follow: Product Selling Price Variable Cost per Unit Contribution Margin per Unit QQ $360 $210 $150 Zz 470 270 200 The sales mix for Products QQ and ZZ is 20% and 80%, respectively. Determine the break-even point in units of QQ and ZZ. If required, round your answers to the nearest whole number. a. Product QQ units b. Product ZZ units

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

Auditing And Systems Exam Questions And Explanations

Authors: Irvin N. Gleim

10th Edition

158194246X, 978-1581942460

More Books

Students also viewed these Accounting questions