Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

This is the the problem intro to answer these questions: Please help me understand the (increase by 10 percent) how that incorporates into these questions.

image text in transcribed

This is the the problem intro to answer these questions:

image text in transcribed

image text in transcribed

Please help me understand the (increase by 10 percent) how that incorporates into these questions. I'm confused on how to change the Variable Manufacturing cost.

My teacher uses this formula: $ Rev = Fixed Cost / CM Ratio for sales dollars

Thank you.

2.) College Pak Company produced and Sold 86,000 backpacks during the year just ended at an average price of $46 per ut. Vanabur manufacts Cosrs were 20.00 per unit, and vanale marketing costs were $6.68 per unit Sold Fixed costs amunted to $556,6oo for manufacture and 238 800 fer markers There was no year-end- work in process inventory. 3.) College Pak's variable manufacturing costs are expected to increase by a 10 percent in the coming year. Compute. the firm's break-even somt in sales. dollars for the coming year, 4.) If College Pakis variable manu. costs do increase by 10 percent, compute the selling price that would yield the same Contribution - margin ratio in coming year

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

Cost Accounting Principles And Managerial Applications

Authors: Gerald R. Crowningshield

3rd Edition

0395178371, 978-0395178379

More Books

Students also viewed these Accounting questions