These questions are regarding managerial accounting.

E7-40B Find breakeven and target profit volume (Learning Objectives 1 & 2) Hang Ten produces sports socks. The company has fixed expenses of $80,000 and variable expenses of $0.80 per package. Each package sells for $1.60. Requirements 1. Compute the contribution margin per package and the contribution margin ratio. 2. Find the breakeven point in units and in dollars. 3. Find the number of packages that Hang Ten needs to sell to earn a $25,000 operating income. E7-42B Find breakeven and target profit volume (Learning Objectives 1 & 2) Owner Kay Fay is considering franchising her Noodles Galore restaurant concept. She believes people will pay $6.25 for a large bowl of noodles. Variable costs are $2.50 a bowl. Fay estimates monthly fixed costs for franchisees at $8,250. Requirements 1. Find a franchisee's breakeven sales in dollars. 2. Is franchising a good idea for Fay if franchisees want a minimum monthly operating income of $6,600 and Fay believes most locations could generate $24,000 in monthly sales? S11-3 Calculate direct material variances when the quantity purchased equals the quantity used (Learning Objective 2) Dolphin Ceramics produces large planters to be used in urban landscaping projects. A special earth clay is used to make the planters. The standard quantity of clay used for each planter is 24 pounds. Dolphin uses a standard cost of $2.00 per pound of clay. Dolphin produced 3,125 planters in May. In that month, 78,125 pounds of clay were purchased and used at the total cost of $150,000. Requirements 1. Calculate the direct material price variance. 2. Calculate the direct material quantity variance. S11-5 Calculate direct labor variances (Learning Objective 3) Campa Oil performs oil changes. The standard wage rate for oil change technicians is $20 per hour. By analyzing its past records of time spent on oil changes, Casta Oil has developed a standard of 21 minutes (or 0.35 hours) per oil change. In July, 800 oil changes were performed at Campa Oil. Oil change technicians worked a total of 260 direct labor hours at an average rate of $23 per hour. Requirements 1. Calculate the direct labor rate variance. 2. Calculate the direct labor efficiency variance