Question
Question 3: The following totals are used to create CVP Income Statement for Frederick Company for FY2018: Frederick Company Selected Financial Figures For the Year
Question 3:
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
$1,950
Direct Materials
1,450
Factory Overhead (variable)
2,000
Selling Expenses (variable)
600
Administrative Expenses (variable)
500
Fixed Costs:
Factory Overhead (fixed)
$650
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)
Question 4:
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
$1,450
Direct Materials
1,050
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 determine theFY 2016 breakeven point in units.Round and enter as a whole number.
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