Question

Brief Exercise 20-8

[Incorrect answer.] Your answer is incorrect. Try
again.

NoFly Corporation sells three different models of a mosquito
“zapper.” Model A12 sells for $55 and has variable costs of $43.
Model B22 sells for $110 and has variable costs of $72. Model C124
sells for $416 and has variable costs of $321. The sales mix of the
three models is A12, 60%; B22, 30%; and C124, 10%.

If the company has fixed costs of $192,766, how many units of each
model must the company sell in order to break even? (Round Per unit
values to 2 decimal palces, e.g. 15.25 and final answers to 0
decimal places, e.g. 5,275.)

Model

A12

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data]

B22

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data]

C124

[Entry field with incorrect answer now contains modified data]

Total break-even

[Entry field with incorrect answer now contains modified
data]

units

Answer #1

Nofly Corporation : | |||||||

Particulars | Model A12 | Model B22 | Model C124 | ||||

Selling price | 55 | 110 | 416 | ||||

Less: Variable costs | 43 | 72 | 321 | ||||

Contribution margin | 12 | 38 | 95 | ||||

Salex mix ratio | 60% | 30% | 10% | ||||

Weighted average contribution margin = (12*60%)+(38*30%)+(95*10%) | $ 28.10 | Per unit | |||||

Total break even (in units) = Fixed costs / Contribution margin per unit | |||||||

192766/28.1 | |||||||

6860 | Units | ||||||

Now, These units will be apportioned to particular models In their sales mix ratio… | |||||||

Total break even units = 6860 units | |||||||

Model A12 | Model B22 | Model C124 | |||||

Sales mix ratio | 60% | 30% | 10% | ||||

No of units | 4116 | 2058 | 686 | ||||

6860*60% | 6860*30% | 6860*10% |

oFly Corporation sells three different models of a mosquito
“zapper.” Model A12 sells for $50 and has variable costs of $35.
Model B22 sells for $100 and has variable costs of $70. Model C124
sells for $400 and has variable costs of $300. The sales mix of the
three models is A12, 60%; B22, 15%; and C124, 25%. If the company
has fixed costs of $269,500, how many units of each model must the
company sell in order to break...

oFly Corporation sells three different models of a mosquito
“zapper.” Model A12 sells for $50 and has variable costs of $35.
Model B22 sells for $100 and has variable costs of $70. Model C124
sells for $400 and has variable costs of $300. The sales mix of the
three models is A12, 60%; B22, 15%; and C124, 25%.
If the company has fixed costs of $269,500, how many units of each
model must the company sell in order to break...

NoFly Corporation sells three different models of a mosquito
“zapper.” Model A12 sells for $54 and has variable costs of $37.
Model B22 sells for $111 and has variable costs of $79. Model C124
sells for $401 and has variable costs of $315. The sales mix of the
three models is A12, 57%; B22, 29%; and C124, 14%.
What is the weighted-average unit contribution margin?
(Round answer to 2 decimal places, e.g.
15.50.)
Weighted-Average Unit Contribution Margin
$

NoFly Corporation sells three different models of a mosquito
“zapper.” Model A12 sells for $50 and has variable costs of $35.
Model B22 sells for $100 and has variable costs of $70. Model C124
sells for $400 and has variable costs of $300. The sales mix of the
three models is A12, 60%; B22, 15%; and C124, 25%.
What is the weighted-average unit contribution margin?
(Round answer to 2 decimal places, e.g.
15.50.)
Weighted-Average Unit Contribution Margin

Exercise 9-3 Incorrect answer. Your answer is incorrect. Try
again. Swifty Company follows the practice of pricing its inventory
at LCNRV, on an individual-item basis. Item No. Quantity Cost per
Unit Estimated Selling Price Cost to Complete and Sell 1320 1,600
$3.58 $5.04 $1.79 1333 1,300 3.02 3.81 1.12 1426 1,200 5.04 5.60
1.57 1437 1,400 4.03 3.58 1.51 1510 1,100 2.52 3.64 1.57 1522 900
3.36 4.37 0.90 1573 3,400 2.02 2.80 1.34 1626 1,400 5.26 6.72 1.68
From...

Exercise 15-12
Partially correct
answer.
Your answer is partially correct. Try again.
Don Lieberman and Associates, a CPA firm, uses job order costing
to capture the costs of its audit jobs. There were no audit jobs in
process at the beginning of November. Listed below are data
concerning the three audit jobs conducted during November.
Lynn
Brian
Mike
Direct
materials
$610
$470
$280
Auditor labor
costs
$6,000
$7,600
$3,575
Auditor
hours
74
91
49
Overhead costs are applied to...

Exercise 15-10
[Partially correct answer.] Your answer is partially correct.
Try again.
For a recent 2-year period, the balance sheet of Buffalo Company
showed the following stockholders’ equity data at December 31 (in
millions).
2017
2016
Additional paid-in capital $ 960 $ 818
Common stock 669 663
Retained earnings 7,150 5,260
Treasury stock 1,900 900
Total stockholders’ equity $6,879 $5,841
Common stock shares issued 223 221
Common stock shares authorized 500 500
Treasury stock shares 38 25
(a) Answer the...

Exercise 14-6
Your answer is partially correct. Try again.
Here are the comparative income statements of Delaney
Corporation.
Delaney Corporation
Comparative Income Statements
For the Years Ended December 31
2020
2019
Net sales
$684,000
$566,000
Cost of goods sold
535,572
466,384
Gross profit
148,428
99,616
Operating expenses
94,392
53,204
Net income
$ 54,036
$ 46,412
(a)
Prepare a horizontal analysis of the income statement data for
Delaney Corporation, using 2019 as a base. (Show the amounts of
increase or decrease.)...

Problem 6-15 Incorrect answer. Your answer is incorrect. Try
again. Tamarisk Mining Company recently purchased a quartz mine
that it intends to work for the next 10 years. According to state
environmental laws, Tamarisk must restore the mine site to its
original natural prairie state after it ceases mining operations at
the site. To properly account for the mine, Tamarisk must estimate
the fair value of this asset retirement obligation. This amount
will be recorded as a liability and added...

Novak Corp. sells a snowboard, EZslide, that is popular with
snowboard enthusiasts. Below is information relating to Novak
Corp.’s purchases of EZslide snowboards during September. During
the same month, 107 EZslide snowboards were sold. Novak Corp. uses
a periodic inventory system. Date Explanation Units Unit Cost Total
Cost Sept. 1 Inventory 13 $117 $ 1,521 Sept. 12 Purchases 46 120
5,520 Sept. 19 Purchases 60 121 7,260 Sept. 26 Purchases 21 122
2,562 Totals 140 $16,863 (a) Compute the ending...

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