Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

STEP BY STEP PLEASE 1. Carlisle Legal Services is trying to determine the variable and fixed elements of its service overhead. The following data have

STEP BY STEP PLEASE

1. Carlisle Legal Services is trying to determine the variable and fixed elements of its

service overhead. The following data have been collected from recent activity:

Total ServiceCases

OverheadWorked

June $52,875186

July 52,100182

August 53,375194

Calculate the variable cost per cases worked.

Calculate the total fixed costs.

Calculate the formulato estimate total service overhead costs.

2.Use the following information to answer the questions below.

Product X's expected selling price per unit is $36, the projected variable cost per

unit is $20, and estimated fixed costs per month are $24,000.

. The breakeven point in sales units per month is

.

The breakeven point in dollars is

.

3. Use the following information to answer the questions below.

Dubois Company's sales revenue for 20xx was $120,000. Dubois's product sells for

$5 and has a 40 percent contribution margin. Dubois has fixed costs of $25,000.

What is Dubois Company's breakeven point in sales dollars?

.What is Dubois Company's breakeven point in 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

Management Accounting Information for creating and managing value

Authors: Kim Langfield Smith, David Smith, Paul Andon, Ronald Hilton, Helen Thorne

8th edition

9781760420413 , 978-1760420406

More Books

Students also viewed these Accounting questions

Question

CL I P COL Astro- L(1-cas0) Lsing *A=2 L sin(0/2)

Answered: 1 week ago

Question

1. What is the meaning of the information we are collecting?

Answered: 1 week ago

Question

3. How much information do we need to collect?

Answered: 1 week ago

Question

2. What types of information are we collecting?

Answered: 1 week ago