mounts: 000) Toaster Oven $2.250.000 Convection Oven Total
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- Finch Company produces two products. Budgeted annual income statements for the two products are provided as follows. Sales Variable cost Contribution margin Fixed cost Net income Budgeted Number 300 300 300 Required A Required B Per Unit @$580 @320 @260 Power Relative percentage for Power Relative percentage for Lite c. Calculate the break-even point in total number of units. d. Determine the number of units of each product Finch must sell to break even. Required: a. Based on budgeted sales, determine the relative sales mix between the two products. b. Determine the weighted-average contribution margin per unit. Budgeted Amount = $174,000 = (96,000) = 78,000 (14,000) $64,000 e. Verify the break-even point by completing the following income statement. f. Determine the margin of safety based on the combined sales of the two products. X Answer is not complete. Complete this question by entering your answers in the tabs below. Budgeted Number 700 700 700 Required C Required D Required E…Solomon Manufacturing Company established the following standard price and cost data. Sales price Variable manufacturing cost Fixed manufacturing cost $ 8.20 per unit $ 3.50 per unit $ 2,700 total $ 900 total Fixed selling and administrative cost Solomon planned to produce and sell 2,200 units. Actual production and sales amounted to 2,400 units. Required a. Prepare the pro forma income statement in contribution format that would appear in a master budget. b. Prepare the pro forma income statement in contribution format that would appear in a flexible budget. Complete this question by entering your answers in the tabs below. Required A Required B Prepare the pro forma income statement in contribution format that would appear in a master budget. SOLOMON MANUFACTURING COMPANY Pro Forma Income Statement Master Budget 2,200 Units 0Task 2 (Budgeting) Aqua Safe produces water purifiers for domestic use. The production expenses for the production of 5,000 units of water purifiers in its factory is given in Table T2: Materials Labour Variable Overheads Fixed Overheads Table T2 Administrative Expenses (5% Variable) Selling Expenses (20% Fixed) Distribution Expenses (10% Fixed) Total Cost of Sales (for 5,000 units) 4200 2100 1400 900 1000 570 480 10650 You are required to prepare a flexible budget for the production of 7000 units and 14000 units of water purifiers.
- Perez Manufacturing Company established the following standard price and cost data. Sales price Variable manufacturing cost $ 8.98 per unit $ 3.40 per unit Fixed manufacturing cost Fixed selling and administrative cost $ 2,000 total $ 600 total Perez planned to produce and sell 2,300 units. Actual production and sales amounted to 2,600 units. Required a. Prepare the pro forma income statement in contribution format that would appear in a master budget. b. Prepare the proforma Income statement in contribution format that would appear in a flexible budget. Complete this question by entering your answers in the tabs below. Required A Required B Prepare the pro forma income statement in contribution format that would appear in a master budget. PEREZ MANUFACTURING COMPANY Pro Forma Income Statement Master Budget 2,300 UnitsWXY Corporation manufactures lambs. Here below static budget and actual results are presented; Actual Results as of Dec,31,2011 Static Budget as of Jan,01,2011 Units sold 184.000 units 180.000 units Revenues $1.840.000 $1.800.000 Variable costs S901.600 $864.000 Fixed costs $190.000 $200.000 Required: a. Please prepare five column income statement performance report. b. Discuss the advantages of using flexible budgets in detail. Describe the purpose of variance analysis and its relation to responsibility management by using examples.Benson Manufacturing Company established the following standard price and cost data. Sales price Variable manufacturing cost $ 8.00 per unit $3.40 per unit $ 2,400 total $900 total Fixed manufacturing cost Fixed selling and administrative cost Bertson planned to produce and sell 2,700 units. Actual production and sales amounted to 3,000 units. Required a. Prepare the pro forma income statement in contribution format that would appear in a master budget. b. Prepare the pro forma income statement in contribution format that would appear in a flexible budget Complete this question by entering your answers in the tabs below. Required A Required Prepare the pro forma income statement in contribution format that would appear in a master budget. BENSON MANUFACTURING COMPANY Pro Forma Income Statement Master Budget 2,700 Units o
- Walton Manufacturing Company established the following standard price and cost data. Sales price Variable manufacturing cost Fixed manufacturing cost. $8.40 per unit $ 3.40 per unit $ 2,300 total $700 total Fixed selling and administrative cost Walton planned to produce and sell 2,600 units. Actual production and sales amounted to 2,800 units. Required a. Prepare the pro forma income statement in contribution format that would appear in a master budget. b. Prepare the pro forma income statement in contribution format that would appear in a flexible budget. Complete this question by entering your answers in the tabs below. Required A Required B. Prepare the pro forma income statement in contribution format that would appear in a master budget. WALTON MANUFACTURING COMPANY Pro Forma Income Statement Master Budget 2,600 Units $ 0 0 Required B2) Conner Hardware, Inc's static budget for the year is shown below: Sales (25,000 units) Cost of Goods Sold: Direct Material Direct Labor Overhead (includes $4 per unit Variable cost) Gross Profit Selling Expenses Sales Commissions (Variable) Rent (Fixed) Insurance (Fixed) General and administrative expenses Salaries (fixed) Rent (Fixed) Depreciation (Fixed) Sales Variable Cost: Direct Materials Direct Labor Variable OH Sales Commission Total Variable Cost Contribution Margin Fixed Cost: Fixed OH Rent Expense-Selling Insurance Expense Salaries Expense Rent Expense-General Prepare a flexible budget for Connor Hardware Inc. that shows a detailed budget for its static budget and its actual sales volume of 40,000 units. Use the contribution margin approach. Depreciation Expense Total Fixed Cost Income from Operations $150,000 300,000 175,000 25,000 units 50,000 90,000 35,000 100,000 40,000 60,000 $1,200,000 625,000 575,000 375,000 $ 200,000 40,000 unitsAero Travel Trailer Manufacturing is working on budgeting utility cost. The controller has decided that utilities are a function of the hours worked during the month. The following information is available and representative of the company’s utility costs: - Hours worked Utility cost incurred Low point 1,300 $ 903 High point 1,680 1,074 If 1,425 hours are worked in a month, total utility cost (rounded to the nearest dollar) using the high-low method should be Group of answer choices $947. $959. $954. $976.
- 1 Lazy Days Inc. (LDI), sells hammocks. Revenue and cost information is given below: Sales Price 3. TL 30 Unit Variable Cost 20 Annual Fixed Operating Expenses 47,500 Required: a) Determine the sales volume in units and TL amount that would be required to attain a TL 12,500 profit. Verify your answer by preparing an income statement using the contribution margin format. b) LDI is considering the implementation of a quality improvement program. The program will require a TL 2.50 increase in the variable cost per unit. To inform its customers of the quality improvements, the company plans to spend an additional TL 5,000 for advertising. Assuming that the improvement program will increase sales to a level that is 1,500 units above the amount computed in requirement a, should LDI proceed with plans to improve product quality? Support your answer by preparing a budgeted income statement. c) Determine the new break-even point volume of units and sales in TL as well as the margin of safety…WXY Corporation manufactures lambs. Here below static budget and actual results are presented; Actual Results as Static Budget as of Dec,31,2011 of Jan,01,2011 Units sold Revenues$1.840.000 Variable $901.600 184.000 units 180.000 units $1.800.000 $864.000 costs Fixed $190.000 $200.000 costs Required: a. Please prepare five column income statement performance report. b. Discuss the advantages of using flexible budgets in detail. Describe the purpose of variance analysis and its relation to responsibility management by using examples.Zachary Manufacturing Company established the following standard price and cost data. Sales price $ 8.60 per unit Variable manufacturing cost 4.00 per unit Fixed manufacturing cost 2,900 total Fixed selling and administrative cost 800 total Zachary planned to produce and sell 2,100 units. Actual production and sales amounted to 2,300 units. Required Prepare the pro forma income statement in contribution format that would appear in a master budget. Prepare the pro forma income statement in contribution format that would appear in a flexible budget. Prepare the pro forma income statement in contribution format that would appear in a master budget. ZACHARY MANUFACTURING COMPANY Pro Forma Income Statement Master Budget 0 $0 Prepare the pro forma income statement in contribution format that would appear in a flexible budget.…