Answered step by step
Verified Expert Solution
Question
1 Approved Answer
PLZZ HELP FASTER The following information provides the amount of cost incurred in March for the cost items indicated. During March 7,700 units of the
PLZZ HELP FASTER
The following information provides the amount of cost incurred in March for the cost items indicated. During March 7,700 units of the firm's single product were manufactured. Raw materials Factory depreciation expense Direct labor Production supervisor's salary Computer rental expense Maintenance supplies used $ 41,700 40,900 99,200 6,480 4,480 600 Required: a. How much cost would you expect to be incurred for each of these items during April when 9,100 units of the product are planned for production? (Do not round intermediate calculations.) 49,551 Raw materials Factory depreciation expense Direct labor Production supervisor's salary Computer rental expense Maintenance supplies used Total cost S 49,551 The following information provides the amount of cost incurred in March for the cost items indicated. During March, 4,000 units of the firm's single product were manufactured Raw materials Factory depreciation expense Direct labor Production supervisor's salary Computer rental expense Maintenance supplies used $20,8ee 40, 500 49, 60e 5, 3,1ee 6ee Required: a. How much cost would you expect to be incurred for each of these items during April when 5,600 units of the product are planned for production? (Do not round intermediate calculations.) $ Raw materials Factory depreciation expense Direct labor Production supervisor's salary Computer rental expense Maintenance supplies used Total cost 29,120 40,500 69,440 5,000 3,100 840 S 148,000 b-1. Calculate the average total cost per unit for the 4,000 units manufactured in March. (Do not round intermediate calculations, Round your answer to 2 decimal places.) Average cost per unit Calculate the missing amounts for each of the following firms: (Do not round intermediate calculations.) Sales Variable Costs Fixed Costs Firm A $ 316,000 Operating Income (Loss) $ 36,541 74,199 468,000 Contribution Margin Ratio 32 % % 26 % 23 % Firm B Firm C 120,000 38,900 125,000 Firm D 56,000 (4,955) Calculate the missing amounts for each of the following firms: (Do not round intermediate calculations. Round "Selling Price" and "Variable Costs Per Unit" to 2 decimal places. Enter any negative amount with a minus sign.) Units Sold Selling Price Variable Costs Per Unit Contribution Margin Fixed Costs Operating Income (Loss) 24.00 $ 118,700 $ 10,600 $ 8,000 40,300 64,400 19.00 32,020 Firma Firm B Firm C Firm D 7.40 4.50 10,000 (6,820) 4,610 52.00 40,250 46,320 Pam and Lenny's ice cream shop charges $1.35 for a cone. Variable expenses are $0.27 per cone, and fixed costs total $2,100 per month. A "sweetheart" promotion is being planned for the second week of February. During this week, a person buying a cone at the regular price would receive a free cone for a friend. It is estimated that 600 additional cones would be sold and that 800 cones would be given away. Advertising costs for the promotion would be $125. Required: a. Calculate the effect of the promotion on operating income for the second week of February. (Do not round intermediate calculation and round your final answer to 2 decimal places.) Net in operating income Larry estimates that the costs of Insurance, license, and depreciation to operate his car total $460 per month and that the gas, oll, and maintenance costs are 37 cents per mile. Larry also estimates that, on average, he drives his car 2,000 miles per month Required: a. How much cost would Larry expect to incur during April if he drove the car 1,541 miles? (Round your answer to 2 decimal places.) Total cost Calculate the missing amounts for each of the following firms: (Do not round intermediate calculations.) Sales Variable Costs Fixed Costs Contribution Margin Ratio 32 % Operating Income (Loss) $ 35,403 72,692 $ 318,000 Firm A Firm B Firm 468,000 % 120,000 38,600 134,000 27 % 22 % Firm D 56,000 (4,970) Pam and Lenny's ice cream shop charges $1.65 for a cone. Variable expenses are $0.3 per cone, and fixed costs total $2,100 per month. A "sweetheart" promotion is being planned for the second week of February. During this week, a person buying a cone at the regular price would receive a free cone for a friend. It is estimated that 675 additional cones would be sold and that 875 cones would be given away. Advertising costs for the promotion would be $135. Required: a. Calculate the effect of the promotion on operating income for the second week of February (Do not round intermediate calculation and round your final answer to 2 decimal places.) Net in operating incomeStep by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started