Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Question 4 : (4 marks) XYZ company has supplied the following data: Units produced and sold SO DO Sales revenue 54,176,000 Variable manufacturing expense 52.871.000

image text in transcribed
Question 4 : (4 marks) XYZ company has supplied the following data: Units produced and sold SO DO Sales revenue 54,176,000 Variable manufacturing expense 52.871.000 Fixed manufacturing expense 5 778 Variable selling and administrative expenses 348.000 Fixed selling and administrative expense $ 104.000 Net operating income S 75.000 Required: Compute the margin of safety in units. Question 5: (4 marks) ABC Company collects 20% of a month's sales in the month of sale, 70% in the month following sale, and 6% in the second month following sale. The remainder is uncollectible. Budgeted sales for the next four months are: January February March April Budgeted $200,000 $300,000 $150,000 $250,000 Instructions: compute total cash collections in April

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access with AI-Powered 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

Students also viewed these Accounting questions