C. Construct a contribution margin income statement for the month of September when they will sell 800 units. Use a minus sign for a net loss if present. Income Statement Sales Variable Costs Contribution Margin Fixed Costs 16,800
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As per the honor code, we only answer up to 3 sub-parts, we’ll answer the first 3. Please resubmit the question and specify the other subparts (up to 3) you’d like an answer to.
Here, the a & b part answer is correct, therefore, I'm answering the next 3 subparts which are c, d, and e.
Cost-volume-profit analysis is done to determine the change in operating income due to change in any aspect of production such as a change in cost results in a change in volume and profit.
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- 1 Chapter 6 Assignment - ACCT-2 * CengageNOWv2 | Online teachin x C Lampierre Makes Brass And Gold film/takeAssignment/takeAssignmentMain.do?invoker=&takeAssignmentSessionLocator=&inprogress=false eBook Summarized data for Walrus Co. for its first year of operations are: Sales (110,000 units) $6,600,000 Production Costs (132,000 units): Direct Material 2,112,000 Direct Labor 1,584,000 Manufacturing Overhead: Variable 990,000 Fixed 264,000 Selling and Administrative Expenses: Variable 275,000 Fixed 473,000 A. Prepare an income statement under absorption costing. Walrus Co. Absorption Costing Income Statement Cost of Goods Sold:ENOWV2 | Online teach x SOFTWARE UPDATE KeAssignment/takeAssignmentMain.do?invoker=&takeAssignmentSessionLocator=&inprogress=false macOS Big Sur 11.3.1 is available and will be later tonight. eBook Show Me How E Print Item Activity-Based Costing for a Service Business Sterling Hotel uses activity-based costing to determine the cost of servicing customers. There are three activity pools: guest check-in, room cleaning, and meal service. The activity rates associated with each activity pool are $8.90 per quest check-in, $19.00 per room cleaning, and $2.00 per served meal (not including food). Janelle Washington visited the hotel for a 5-night stay. Janelle had 6 meals in the hotel during the visit. Determine the total activity-based cost for Washington's visit during the month. Round your answer to the nearest cent. Feedback Check My Work Calculate: Number of activities x Activity rate = Cost of activity Sum all activity costs to determine the total. Check My Work Previous Next Email…120 SRBBARH ageNOWv2 | Online teach x + SOFTWARE UPDATE takeAssignment/takeAssignmentMain.do?invoker=&takeAssignmentSessionLocator=&inprogress=false macOS Big Sur 11.3.1 is available and w later tonight. еВook 4 Show Me How E Print Item eak-Even Point Radison Inc. sells a product for $75 per unit. The variable cost is $34 per unit, while fixed costs are $494,214. Determine (a) the break-even point in sales units and (b) the break-even point if the selling price were increased to $83 per unit. a. Break-even point in sales units units b. Break-even point if the selling price were increased to $83 per unit units Previous Next Check My Work Save and Exit Submit Assignment for Grading Email Instructor MacBook Air
- O Topic: Week 6: Discu ssion IIl x + a ezto.mheducation.com/ext/map/index.html?_con=con&external_browser-D0& launchUrl=https%253A%252F%252Fnewconnect.mheducation.com%252F# z- Chapter 6 A Saved Denton Company manufactures and sells a single product. Cost data for the product are given: Variable costs per unit: Direct materials Direct labor Variable manufacturing overhead Variable selling and administrative Total variable cost per unit Skipped 2$ 3 12 2 3 $ 20 Fixed costs per month: Fixed manufacturing overhead Fixed selling and administrative $ 96, 000 166, 000 $ 262, 000 Total fixed cost per month The product sells for $45 per unit. Production and sales data for July and August, the first two months of operations, follow: Units Produced 24, 000 24, 000 Units Sold July August 20, 000 28, 000 The company's Accounting Department has prepared the following absorption costing income statements for July and August: Sales Cost of goods sold Gross margin Selling and administrative expenses…* CengageNOWv2 |x C Power Serve Comp. X ilm/takeAssignment/takeAssignmentMain.do?invoker=&takeAssignmentScssionLocator &inprogress=false eBook Calculator Print Item The conderised pruduct-line income statement for Rhinebeck Company for the month of October is as follows: Rhinebeck Company Product-Line Income Statement For the Month Ended October 31 Hats Gloves Mufflers Sales $65,800 $88,500 $27,600 Cost of goods sold (25,800) (32,100) (13,800) Gross profit $40,000 $56,400 $13,800 Selling and administrative expenses (29,000) (34,500) (14,500) $11,000 $21,900 $(700) Operating incorne (loss) Fixed costs are 12% of the cost of goods sold and 36% of the selling and administrative expenses. Rhinebeck Company assunes that fixed costs would not be materially affecter discontinued. a. Prepare a differential analysis dated October 31 to determine if Mufflers should be continued (Alternative 1) or discontiriued (Alternative 2). If an amount is zero, enter "0 indicate a loss. Differential Analysis…S Module Three Assignment - ACC X CengageNOWv2 | Online teachir x + gagenow.com/ilrn/takeAssignment/takeAssignmentMain.do?invoker=&takeAssignmentSessionLocator=&inprogre.. еВook Show Me How Cost Flow Methods The following three identical units of Item K113 are purchased during April: Item Beta Units Cost April 2 Purchase 1 $171 April 15 Purchase 1 175 April 20 Purchase 1 179 3 $525 Total Average cost per unit $175 ($525 + 3 units) Assume that one unit is sold on April 27 for $247. Determine the gross profit for April and ending inventory on April 30 using the (a) first-in, first-out (FIFO); (b) last-in, first-out (LIFO); and (c) weighted average cost method. Gross Profit Ending Inventory a. First-in, first-out (FIFO) b. Last-in, first-out (LIFO) c. Weighted average cost Previous Next> Check My Work 6:38 AM 45°F A D E a O A 40) 11/13/2021
- Activity - Cost According to Cost behavior - ACT 204 - Word Arriane trillanes AT File Home Insert Design Layout References Mailings Review View Help O Tell me what you want to do & Share X Cut • Find - Calibri - 11 A A Aa - AaBbCcDc AaBbCcDc AaBbCcDc AaBbCcDc AaBbCcDc AaBbCcDc AaBbCcl De Copy Paste a. Replace BI U - abe x A - aly I Normal T Body Text T List Para. T No Spac. T Table Pa. T Heading 1 Heading 2 V Format Painter Select - Clipboard Font Paragraph Styles Editing Segregation of Mixed Costs 3. Charity Company wants to analyze the behavior of its selling costs for budgeting purposes. Cost drivers (activity measures) and costs incurred in the first quarter and the first month of the second quarter are as follows: January February March April Selling costs: Sales salaries P 42.500 P 42,500 P 42,500 14,000 32,400 P51,000 16,000 35,600 Commissions 15,000 34,000 17,500 38,000 Shipping costs Advertising 20,000 Full 20,000 Snip 25,000 20,000 Cost drivers: 280,000 28,000 Peso sales…CengageNOWY2 |Online teachix M(no subject) - morganmcgrew4@ X Alrn/takeAssignment/takeAssignmentMain.do?invoker3D&takeAssignmentSessionLocator3&inprogress=false Update eBook 4 Show Me How Break-Even Sales Currently, the unit selling price of a product is $280, the unit variable cost is $230, and the total fixed costs are $560,000. A proposal is being evaluated to increase the unit selling price to $310. a. Compute the current break-even sales (units). 9,600 X units b. Compute the anticipated break-even sales (units), assuming that the unit selling price is increased and all costs remain constant. 6,000 X units Feedback Check My Work a. Fixed costs divided by the unit contribution margin equals break-even sales in units. b. Repeat the calculations in (a) using anticipated amounts. Previous Next Check My Work ems 734 PM /25/2021 O a ere to searchHome * CengageNOWv2 | Online teachin x takeAssignment/takeAssignmentMain.do?invoker-&takeAssignmentSessionLocator=&inprogress=false еВook B Show Me How Print Item Sales Mix and Break-Even Analysis Conley Company has fixed costs of $17,802,000. The unit selling price, variable cost per unit, and contribution margin per unit for the company's two products follow: Product Model Selling Price Variable Cost per Unit Contribution Margin per Unit Yankee $180 $99 $81 Zoro 225 135 90 The sales mix for products Yankee and Zoro is 80% and 20%, respectively. Determine the break-even point in units of Yankee and Zoro. a. Product Model Yankee units b. Product Model Zoro units
- Introduction te X Math Fundam x O The Finance St X Foundations o x C Seafood - Eat X G Wakefield, Rhc X Login A v2.cengagenow.com/ilrn/takeAssignment/takeAssignmentMain.do?invoker=&takeAssignmentSessionLocator=&inprogress=false CengageNOW Chapter 17 Homework eВook Show Me How Costs per Equivalent Unit The following information concerns production in the Baking Department for December. All direct materials are placed in process at the beginning of production. ACCOUNT Work In Process-Baking Department ACCOUNT NO. Date Item Balance Debit Credit Debit Credit Dec. 1 Bal., 8,700 units, 2/5 completed 19,140 31 Direct materials, 156,600 units 297,540 316,680 31 Direct labor 82,180 398,860 31 Factory overhead 46,220 445,080 31 Goods finished, 158,700 units 428,316 16,764 31 Bal., ? units, 4/5 completed * 16,764 a. Based on the above data, determine each cost listed below. Round "cost per equivalent unit answers to the nearest cent. 1. Direct materials cost per equivalent unit 2. Conversion cost…ctoring Enabled: Chapter 4 The Art of Modellin. i Saved Help Save & Exit 1 An analyst built the following spreadsheet, complete with named ranges (for example, cell B2 is named "Unit_Price" based on the heading in cell A2). A 2 Unit Price 19 3. Unit Cost 8.57 4 Unit Gross Profit Unit Price Unit Cost 5. 6. Quantity Sold 5,800 7 8. Gross Revenue Quantity Sold x Unit Price Quantity Sold x Unit Cost 3,200 Gross Revenue - Variable Costs Variable Costs 10 Fixed Costs 11 Net Profit Fixed Costs 12 Profit per Unit = Net Profit/Quantity Sold After entering the data shown below in cells B2, B3, B6, and B10, what values should appear Gross Profit and Profit per Unit" answers to 2 decimal places.) the following cells? (Round your "Unit Cell Value B4 (Unit_Gross_Profit) B8 (Gross Revenue) B9 (Variable_Costs) B11 (Net Profit) B12 (Profit_per_Unit) aw Prev 1 of 5 Next >Chapter 11 Homework (Applicati x ← → C CengageNOWv2 | Online teachin X + v2.cengagenow.com/ilrn/takeAssignment/takeAssignmentMain.do?invoker=&takeAssignmentSession Locator=&inprogress=false M Gmail ► YouTube > Chapter 11 Homework (Application) Product Pricing using the Cost-Plus Approach Methods; Differential Analysis for Accepting Additional Business Crystal Displays Inc. recently began production of a new product, flat panel displays, which required the investment of $1,500,000 in assets. The costs of producing and selling 5,000 units of flat panel displays are estimated as follows: Maps Dashboard Variable costs per unit: Direct materials Direct labor Factory overhead Selling and administrative expenses Total variable cost per unit Check My Work eBook Assignment Score: 64.56% $120 30 50 35 $235 Crystal Displays Inc. is currently considering establishing a selling price for flat panel displays. The president of Crystal Displays has decided to use the cost-plus approach to product…