Answered step by step
Verified Expert Solution
Link Copied!

Question

...
1 Approved Answer

The following monthly data are available for Waterway Industries, which produces only one product: Selling price per unit, $54; Unit variable expenses, $14, Totalfixed expenses,

image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
The following monthly data are available for Waterway Industries, which produces only one product: Selling price per unit, $54; Unit variable expenses, $14, Totalfixed expenses, $42000; Actual sales for the month of June, 2000 units. How much is the margin of safety for the company for June? $1050 $51300 $84000 542000 Crane Company Incurs the following costs to produce 8500 units of a subcomponent: Direct materials Direct labor Variable overhead Fixed overhead $7140 9605 10710 16200 An outside supplier has offered to sell Crane the subcomponent for $2.85 a unit. If Crane could avoid $3000 of fixed overhead by accepting the offer, net income would increase (decrease) by $230. $6230. $(5465). $(740) Marigold Corp. reported the following information for the current year: Sales (35000 unit) $700000, direct materials and direct labs $350000, other variable costs $35000, and fixed costs $360000. What is Marigold's contribution margin ratio? 55% 76% 24% Click if you would like to show Work for this questioni Doen Show Work The following credit sales are budgeted by Bonita Industries: January $134000 February 250000 March 360000 April 260000 The company's past experience indicates that 70% of the accounts receivable are collected in the month of sale 20% in the month following the sale, and 8% in the second month following the sale. The anticipated cash inflow for the month of Apreis $258800 $274000. 5312720 5254000 Sheridan Company sells radios for $50 per unit. The fixed costs are $445000 and the variable costs are 60% of the selling price. As a result of new automated equipment, it is anticipated that fixed costs will increase by $65000 and variable costs will be 50% of the selling price. The new break even point in units is: 20400 22250 18550 17800

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

Recommended Textbook for

Taxation Of Individuals And Business Entities 2015

Authors: Brian Spilker, Benjamin Ayers, John Robinson, Edmund Outslay, Ronald Worsham, John Barrick, Connie Weaver

6th Edition

9780077862367

Students also viewed these Accounting questions

Question

What is management growth? What are its factors

Answered: 1 week ago