Burger Bob’s Boathouse sells only one product. 7,000 units were
sold in a year resulting in...
Burger Bob’s Boathouse sells only one product. 7,000 units were
sold in a year resulting in $70,000 of sales revenue. Variable
costs were $40,041 for the year, and fixed costs were $12,100.
4. Contribution margin per unit is a. $6.00
b. $4.29 c. $4.00 d. $4.28
e. $4.27 5. Break-even point in volume is
a. 2,827 units. b. 2,828 units.
c. 2,827.1 units. d. 2,827.103 units.
e. 2,827.102 units. 6. The number of units
required to be sold to achieve...
Kaiser's Kraft Korner
sells a single product. 7,000 units were sold resulting in $70,000
of sales...
Kaiser's Kraft Korner
sells a single product. 7,000 units were sold resulting in $70,000
of sales revenue, $28,000 of variable costs, and $12,000 of fixed
costs.
Contribution
margin per unit is:
[[selectone]]
a. $4
b. $6
c. $8.28
d. $4.29
Given the following Financial Information Answer the following
question:
2017
2018
Cash
7,000
218,462
Accounts Receivable...
Given the following Financial Information Answer the following
question:
2017
2018
Cash
7,000
218,462
Accounts Receivable
8,000
8,800
Inventory
4,000
4,400
Prepaid Assets
3,000
3,300
Other Assets
1,000
1,100
Total Current Assets
23,000
236,062
Net PPE
80,000
14,000
Intangibles
4,000
4,000
Total Assets
107,000
254,062
Accounts Payable
8,000
8,800
Salary Payable
1,000
1,100
Notes Payable
3,000
3,000
Total Current Liabilities
12,000
12,900
Long-Term Debt
50,000
50,000
Total Liabilities
62,000
62,900
Common Stock
70,000
70,000
Retained Earnings
-25,000
121,162
total equity...
[The following information applies to the questions displayed
below.] Ferris Company began January with 7,000 units...
[The following information applies to the questions displayed
below.] Ferris Company began January with 7,000 units of its
principal product. The cost of each unit is $9. Merchandise
transactions for the month of January are as follows: Purchases
Date of Purchase Units Unit Cost* Total Cost Jan. 10 6,000 $ 10 $
60,000 Jan. 18 7,000 11 77,000 Totals 13,000 137,000 * Includes
purchase price and cost of freight. Sales Date of Sale Units Jan. 5
3,000 Jan. 12 1,000...
Use the information below to
answer the following question(s):
Cruise Company produces a part that is...
Use the information below to
answer the following question(s):
Cruise Company produces a part that is
used in the manufacture of one of its products. The unit
manufacturing costs of this part, assuming a production level of
6,000 units, are as follows:
Direct materials
$4.00
Direct labour
$4.00
Variable manufacturing overhead
$3.00
Fixed manufacturing overhead
$1.00
Total cost
$12.00
The fixed overhead costs are
unavoidable.
Assuming Cruise Company can purchase 6,000 units of the part
from Suri Company for $17...
Use the information below to answer the following
question(s).
Jupiter Inc. had the following activities in...
Use the information below to answer the following
question(s).
Jupiter Inc. had the following activities in the year:
Direct materials balance:
Beginning inventory
$100,000
Purchases
308,000
Ending inventory
52,000
Direct manufacturing labour
80,000
Manufacturing overhead
60,000
Ending work in process inventory
20,000
Beginning work in process inventory
4,000
Ending finished goods inventory
80,000
Beginning finished goods inventory
120,000
1. What is Jupiter's cost of direct materials used during the
year?
a. $356,000
b. $360,000
c. $308,000
d. $364,000
e. $372,000...
Haas Company manufactures and sells one product. The following
information pertains to each of the company’s...
Haas Company manufactures and sells one product. The following
information pertains to each of the company’s first three years of
operations:
Variable costs per unit:
Manufacturing:
Direct materials
$
29
Direct labor
$
21
Variable manufacturing overhead
$
5
Variable selling and administrative
$
1
Fixed costs per year:
Fixed manufacturing overhead
$
330,000
Fixed selling and administrative expenses
$
150,000
During its first year of operations, Haas produced 60,000 units
and sold 60,000 units. During its second year of...
Haas Company manufactures and sells one product. The following
information pertains to each of the company’s...
Haas Company manufactures and sells one product. The following
information pertains to each of the company’s first three years of
operations:
Variable costs per unit:
Manufacturing:
Direct materials $ 27
Direct labor $ 14
Variable manufacturing overhead $ 6
Variable selling and administrative $ 1
Fixed costs per year:
Fixed manufacturing overhead $ 510,000
Fixed selling and administrative expenses $ 210,000
During its first year of operations, Haas produced 60,000 units
and sold 60,000 units. During its second year of...
O’Brien Company manufactures and sells one product. The
following information pertains to each of the company’s...
O’Brien Company manufactures and sells one product. The
following information pertains to each of the company’s first three
years of operations: Variable costs per unit: Manufacturing: Direct
materials $ 30 Direct labor $ 16 Variable manufacturing overhead $
4 Variable selling and administrative $ 2 Fixed costs per year:
Fixed manufacturing overhead $ 550,000 Fixed selling and
administrative expenses $ 140,000 During its first year of
operations, O’Brien produced 97,000 units and sold 70,000 units.
During its second year of...