Blossom, Inc. produces three types of balloons-small, medium, and large-with the following characteristics: Small Medium Large Selling price per unit $7.00 $11.00 $15.00 Variable cost per unit 3.00 5.00 6.00 Contribution margin per unit $4.00 $6.00 $9.00 Machine hours per unit 1.00 2.40 3.00 Demand in units 620 1,100 950 The company has only 2,000 machine hours available each month. How many units of each type of balloon should the company make to maximize its total contribution margin? (Round answers to O decimal places, e.g. 5,275.)
Q: 5 Electric Automotive Group is a maker of engines for high performance cars and uses a process…
A: To determine the total conversion costs transferred to finished goods for Electric Automotive…
Q: Question: Presented below is the information for Skysong Company. Beginning of the year Accounts…
A: 1. Journal Entry for the Sale of ReceivablesCalculations involved:Accounts transferred to the…
Q: Nov 15 Retained Earnings Dec 20 Dividends Payable Dividend declared on preferred stock Dividends…
A: The objective of the question is to understand the accounting entries related to the recording of…
Q: Jackie, a higher paid employee, has an 1000cc, diesel van which was first registered in 2017 when it…
A: Taxable benefit refers to the value of non-cash perks or advantages provided to employees by their…
Q: sk soulution
A: Here's how to calculate the total amount of Cash and Cash Equivalents for Martin Company:Cash…
Q: Vinubhai
A: Let's break down the process step by step:1. Understanding Depreciable Base:The depreciable base is…
Q: Project L requires an initial outlay at t=0 of $85,067, Its expected cash inflows are $14,000 per…
A: Step 1: Step 2: Step 3: Step 4:
Q: Assume that XYZ Company has a loan agreement that states that it must maintain a fixed-charge…
A: 1) The fixed-charge coverage ratio is calculated by taking the sum of net income, noncash charges,…
Q: San Lorenzo General Store uses a periodic Inventory system and the retail Inventory method to…
A: Final answer CostRetailCost -to- retail ratio Beginning inventory$40,000$55,000 Net purchases$…
Q: Elton Electronics leases testing equipment to Startup Corporation. The equipment is not specialized…
A: Approach to solving the question: For better clarity of the solution, I have attached the Excel…
Q: GROUPER COMPANY Molding Department Production Cost Report For the Month Ended May 31, 2022…
A: Key Information:Physical Units: Represents the actual number of units physically…
Q: As a result of its annual assessment of property, plant, and equipment for indications of…
A: Calculations: Recoverable amount is whichever HIGHER between fair market value less cost to…
Q: Calculate the total 2020 tax liability for a surviving spouse with one dependent child with a gross…
A: To calculate the total 2020 tax liability for a surviving spouse with one dependent child, we need…
Q: Which of the following costs is a nonlease component for the lessee? taxes maintenance…
A: The objective of the question is to identify which of the given costs is considered a nonlease…
Q: Provide correct @@@ answer
A: Step 1: Determining the Transaction Price for Sunland BiotechTo determine the transaction price of…
Q: ! Required Information [The following Information applies to the questions displayed below.] While…
A: Required A: Maximum Cost Recovery DeductionsYear 1:Computers (5-year property, placed in service Oct…
Q: Hansaben
A: NPV is the difference between present value of all cash inflow and initial cost of asset or project.…
Q: (ii) Prepare the Income Statement and Balance Sheet taking into consideration:1. Closing Stock as on…
A: Part 2: Explanation:Step 1: Calculate Revenue by summing up cash sales and credit sales. Step 2:…
Q: 20 Robinson Company has two products, A and B. Robinson's budget for August follows: Master Budget…
A: Robinson Company - Contribution Margin Variances (with available data)Based on the provided…
Q: Meman
A: Approach to solving the question: For better clarity of the solution, I have attached the Excel…
Q: am.303.
A: The objective of the question is to calculate the estimated cost of goods sold (COGS) using the…
Q: None
A: To prepare a traditional income statement, we typically start with the total revenue and then…
Q: The president has read in industry journals that throughput time, MCE, and delivery cycle time are…
A: Part 2: Approach to solving the questionTo compute the throughput time, manufacturing cycle…
Q: On 1/1/2018, ABC company purchased equipment costing $35, 000 where its useful life was 5 years and…
A: The errors which have occurred due to the under-depreciation recording in prior years require to be…
Q: ng Computational Homewor Lease or Sell Toccoa Company owns equipment with a cost of $1,200,000 and…
A: The objective of this question is to conduct a differential analysis to determine whether Toccoa…
Q: 1 Lewis Company reports the following fixed budget and actual results for May. Prepare a flexible…
A: Step 1: Understanding of flexible budget:- Flexible budget is as name suggest indicates sales,…
Q: Variable and Absorption Costing-Three Products Fleet-of-Foot Inc. manufactures and sells three types…
A: 1. **Operating Income before elimination**: - The operating income is the profit generated from…
Q: Break-Even Sales Under Present and Proposed Conditions Darby Company, operating at full capacity,…
A: First determine the breakdown of variable and fixed costs. Multiply each amount by the given…
Q: - Your answer is partially correct. Larkspur International is considering a significant expansion to…
A: Without new products: ROA = 482,985 / 5,366,500 = 0.090 (multiply by 100 to get %)= 9% Profit Margin…
Q: Plz help this is all the information for this question
A: Part 2: Explanation:Step 1: Assumption 1- The issuance of the bonds is recorded by debiting cash and…
Q: If an insurance expense is incurred in February but was paid in January, the journal entry recorded…
A: The objective of the question is to understand the journal entry that would be recorded in January…
Q: Back ....... covers exemptions resulting from the status of the taxpayer and exemptions based on the…
A: The question is asking to identify the section of the Income Tax Act that provides for exemptions…
Q: CORIS RA is a government owned enterprise which is legislated to generate its own income which it…
A: The cash flow statement is prepared at the end of the period to know the cash position. It reflects…
Q: On 31 Dec, Blue Ocean Pte Ltd's unadjusted trial balance includes the following items: Accounts…
A: **Allowance Method:** The allowance method anticipates and records potential bad debts in advance,…
Q: Question: Completing the accounting cycle from adjusting entries to post-closing trial balance. The…
A: The objective of the question is to complete the accounting cycle for Wolfe Anvils at December 31,…
Q: answer in proper format or skip answer with explanation , computation , narrations for each entry…
A: General Format for Entries:Each entry will follow this format:Date | Account Title | Debit | Credit…
Q: River, president of Miller Custom Coffee Roasters, drives a 2022 Mercedes E300 with a fair market…
A: River's 2023 Valuation using the Lease Value Rule:Calculate Percent of Personal Use:(Personal Miles…
Q: Give answer as per required
A: Step 1: Understanding of budget:- Management prepares budget in order to estimate future variables…
Q: Danger
A: I can help you with that. The information to determine the total dollar amount for each of the four…
Q: HELP ASAP ^
A:
Q: Haresh
A: Step 1:To compute the variances, we need to calculate the standard cost and the actual cost, and…
Q: Comprehensive Problem 5 (Algo) [The following information applies to the questions displayed below.]…
A: Req C1: Bid for Job No. 110 using Overhead Rate from Part APart A used department overhead…
Q: The December 31, 20X8, balance sheets for Pint Corporation and its 70 percent-owned subsidiary…
A: 1. Eliminate Investment in SubsidiaryWhen a parent company buys a subsidiary, it records an…
Q: A partial trial balance of Blue Corporation is as follows on December 31, 2026. Dr. Cr. Supplies…
A: 1 Supplies Expense $1,500 Supplies $1,5002. Salaries and Wages ExpenseRecognize accrued salaries…
Q: I need help filling in all the blanks on my excel sheet
A: Inventory Management:Desired ending finished goods inventory (as a percentage of next quarter's…
Q: Part 1 Prepare journal entries to the following. (Do not round intermediate calculations. Round the…
A: The objective of the question is to prepare journal entries for the issuance of bonds, payment of…
Q: On January 1, 2023, Wynn Manufacturing leased a floor of a building for use in its North American…
A: The objective of the question is to calculate the lease liability at the commencement of the lease.…
Q: Alvin Electronics is in the process of reconciling its bank account for the month of November. The…
A: The objective of the question is to find the corrected cash balance at the end of November for Alvin…
Q: S Required information Exercise 7-7A (Static) Effect of recognizing uncollectible accounts on the…
A: The objective of the question is to prepare the financial statements for Leach Incorporated for Year…
Q: HELP ASAP (
A: To address this problem effectively, it's crucial to comprehend the cost allocation process within…
Trending now
This is a popular solution!
Step by step
Solved in 2 steps
- Find out BEP in units and value with the following data:Fixed cost - $30000Variable cost - $20 per unitSelling Price - $50 per unit.Krispies Ltd manufactures and sells three products which have the following revenue and costs per unit: Snap Crackle PopSelling price per unit snap: R15 crackle: R20 pop: R12Variable cost per unit snap: R10 crackle:1R3 pop: R6Fixed cost per unit snap: R2 crackle: R3 pop: R2 Unit fixed costs are based on the following sales volumes:Snap – 15 000 unitsCrackle – 12 000 unitsPop – 30 000 units Required:Calculate the aggregate break‐even units and sales for Krispies Ltd.Round to two decimals.MultiproductGreen Rider makes three types of electric scooters. The company’s total fixed cost is $1,080,000,000. Selling prices, variable cost, and sales percentages for each type of scooter follow: Selling Price Variable Cost Percent of Total Unit Sales Mod $2,200 $1,900 30 Rad 3,700 3,000 50 X-treme 6,000 5,000 20 a. What is Green Rider’s break-even point in units and sales dollars? Units Dollars Mod Rad X-treme Total b. If the company has an after-tax income goal of $1 billion and the tax rate is 50 percent, how many units of each type of scooter must be sold for the goal to be reached at the current sales mix? Units Dollars Mod Rad X-treme Total c. Assume the sales mix shifts to 50 percent Mod, 40 percent Rad, and 10 percent X-treme. How does this change affect your answer to (a)?Note: Do not round until you determine the number of units of each product; round…
- Manatoah Manufacturing produces 3 models of window air conditioners: model 101, model 201, and model 301. The sales price and variable costs for these three models are as follows: Product Sales Priceper Unit Variable Costper Unit Model 101 $280 $180 Model 201 345 220 Model 301 395 250 The current product mix is 4:3:2. The three models share total fixed costs of $532,500. A. Calculate the sales price per composite unit. Sales price ? per composite unit B. What is the contribution margin per composite unit? Contribution margin ? per composite unit C. Calculate Manatoah’s break-even point in both dollars and units. Break-even point in dollars ? Break-even point in units ? unit D. Using an income statement format, prove that this is the break-even point. If an amount is zero, enter "0". Income Statement Sales Model 101 Model 201 Model 301 Total Sales Variable Costs Model 101 Model 201 Model 301…Pierson Pet Products produces two models of dog beds: Basic and Custom. Price, cost and expected sales volume data for the two models are as follows: Basic $ 19.00 $ 12.00 36,000 Custom $ 54.00 $ 33.00 24,000 Selling price per bed Variable cost per bed Expected sales (beds) The total fixed costs for the company are $396,900. Required: a. What is the anticipated level of profits for the expected sales volumes? b. Assuming that the expected product mix applies regardless of total sales, compute the break-even volume. Note: Do not round Intermediate calculations. c. If the product sales mix were to change to three Basic beds for each Custom bed, what would be the new break-even volume? Note: Do not round intermediate calculations.Manatoah Manufacturing produces 3 models of window air conditioners: model 101, model 201, and model 301. The sales price and variable costs for these three models are as follows: Product Sales Priceper Unit Variable Costper Unit Model 101 $275 $185 Model 201 355 220 Model 301 405 240 The current product mix is 4:3:2. The three models share total fixed costs of $328,500. A. Calculate the sales price per composite unit. Sales price $fill in the blank 363349fb9022017_1 per composite unit B. What is the contribution margin per composite unit? Contribution margin $fill in the blank 363349fb9022017_2 per composite unit C. Calculate Manatoah’s break-even point in both dollars and units. Break-even point in dollars $fill in the blank 363349fb9022017_3 Break-even point in units fill in the blank 363349fb9022017_4 units D. Using an income statement format, prove that this is the break-even point. If an amount is zero, enter "0".…
- MultiproductGreen Rider makes three types of electric scooters. The company’s total fixed cost is $2,376,000,000. Selling prices, variable cost, and sales percentages for each type of scooter follow: Selling Price Variable Cost Percent of Total Unit Sales Mod $2,200 $1,900 30 Rad 3,700 3,000 50 X-treme 6,000 5,000 20 a. What is Green Rider’s break-even point in units and sales dollars? Units Dollars Mod Answer Answer Rad Answer Answer X-treme Answer Answer Total Answer Answer b. If the company has an after-tax income goal of $2 billion and the tax rate is 50 percent, how many units of each type of scooter must be sold for the goal to be reached at the current sales mix? Units Dollars Mod Answer Answer Rad Answer Answer X-treme Answer Answer Total Answer Answer c. Assume the sales mix shifts to 50 percent Mod, 40 percent Rad, and 10 percent X-treme. How does this change affect your…XYZ Company's product has a contribution margin per unit of $12 and a variable cost ratio of 90%. What is the selling price of the product? Select one: Oa. $120. Ob.$28.125. Oc.$37.5. O d. $60. Oe. $22.5. Next page leEdgewater Enterprises manufactures two products. Information follows: Product A Product B Sales price $ 12.00 $ 15.25 Variable cost per unit $ 6.20 $ 6.90 Product mix 30% 70% M6-17 [LO 6-6] es Required: Calculate Edgewater's weighted-average contribution margin per unit. Note: Round your intermediate calculations and final answer to 2 decimal places. Weighted average CM per unit
- Choose the correct letter of answer Jan Slaugther Company produces and sells a particular home appliance. The variable cost (VC) per unit is P50. The unit selling price (SP) is P120 while fixed cost (FC) is P70,000. What is the profit function in this case? a. C = 50x + 70,000b. Answer not givenc. P = 120x – 50x – 70,000d. R = 120xPursuit Company produces two products: Bric and Brac. The following table summarizes the products' details and planned unit sales for the upcoming period: Bric : Sellingpriceperunit.............$25. Variablecostperunit $14. Planned unit sales volume . . . . . . 800,000 Brac: Sellingpriceperunit............. $30 Variablecostperunit $17. Planned unit sales volume. 400,000 Pursuit Company has total fixed costs of $ 10 million and faces a tax rate of 30% . (a)What is Pursuit Company's expected profit at the planned level of sales? (b)Assuming a constant sales mix, what are the unit sales of Bric and Brac required for Pursuit Company to break even? (c) Assuming a constant sales mix, what are the unit sales of Bric and Brac required for Pursuit Company to earn an after - tax income of $ 910,000?Vandenberg, Inc., produces and sells two products: a ceiling fan and a table fan. Vandenberg plans to sell 40,000 ceiling fans and 70,000 table fans in the coming year. Product price and cost information includes: Ceiling Fan Table Fan Price $56 $17 Unit variable cost $13 $8 Direct fixed cost $21,200 $43,000 Common fixed selling and administrative expenses total $98,000. Required: Question Content Area 1. What is the sales mix estimated for next year (calculated to the lowest whole number for each product)?Sales mix of ceiling fans to table fans = ___________ : ______________ 2. Using the sales mix from Requirement 1, form a package of ceiling fans and table fans. How many ceiling fans and table fans are sold at break-even? Round your intermediate calculations and final answers to the nearest whole number. Break-even ceiling fans _______ Break-even table fans ______ 3. Prepare a contribution-margin-based income…