Question 3 (8 points) The following totals are used to create a 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 $1,850 Direct Materials 1,700 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 FY 2018 Contribution Margin Percentage Enter percentage to one decimal place (example enter 35 5 as 35 5) Your Answer Question 3 options Answer Question 4 (9 points) The following totals are used to create a 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 $1,850 Direct Materials 1,950 Factory Overhead (variable) 2,000 Selling Expenses (variable) 600 Administrative Expenses (variable) 500 Fixed Costs Factory Overhead (fixed) $950 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 the FY 2016 breakeven point in units Round and enter as a whole number Your Answer Question 4 options Answer Question 5 (9 points) Adelphi Company has budgeted activity for March to reflect net income $190,000 All sales are credit sales Receivables are planned to increase (decrease ) by $27,000 payables to increase (decrease ) by $13,000 and Depreciation Expense is $42,000 Use this information to determine how much cash will increase (decrease) during the month of March (Decreases in accounts receivable or accounts payable will have a negative sign in front of number Round enter final answer to the nearest whole dollar ) Your Answer

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Question 3 (8 points) The following totals are used to create a CVP Income Statement for Frederick Company for FY2018: Frederick Company Selected Financial Figures

Question 3 (8 points)

The following totals are used to create a 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	$1,850
Direct Materials	1,700
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 FY 2018 Contribution Margin Percentage. Enter percentage to one decimal place. (example enter 35.5% as 35.5)

Your Answer:

Question 3 options:

Answer

Question 4 (9 points)

The following totals are used to create a 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	$1,850
Direct Materials	1,950
Factory Overhead (variable)	2,000
Selling Expenses (variable)	600
Administrative Expenses (variable)	500
Fixed Costs:
Factory Overhead (fixed)	$950
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 the FY 2016 breakeven point in units. Round and enter as a whole number.

Your Answer:

Question 4 options:

Answer

Question 5 (9 points)

Adelphi Company has budgeted activity for March to reflect net income $190,000. All sales are credit sales. Receivables are planned to increase (decrease -) by $27,000 payables to increase (decrease -) by $13,000 and Depreciation Expense is $42,000. Use this information to determine how much cash will increase (decrease) during the month of March. (Decreases in accounts receivable or accounts payable will have a negative sign in front of number. Round & enter final answer to the nearest whole dollar.)

Your Answer: