Question
In 2019, X Company had revenue of $198,400 and incurred the following costs: Direct materials $37,696...
In 2019, X Company had revenue of $198,400 and incurred the
following costs:
| Direct materials | $37,696 |
| Direct labor | 19,840 |
| Variable overhead | 43,648 |
| Fixed overhead | 18,600 |
| Variable selling and administration | 7,936 |
| Fixed selling and administration | 15,800 |
If revenue and cost relationships were not expected to change in
2020, what must revenue be in 2020 in order for X Company to earn
$60,000?
Homework Answers
Answer #1
Not the answer you're looking for?
Similar Questions
In 2019, total revenue for X Company was $1,575,600. Total costs were as follows: Direct materials...
In 2019, total revenue for X Company was $1,575,600. Total costs
were as follows:
Direct materials
$228,800
Direct labor [all variable]
301,600
Variable overhead
234,000
Fixed overhead
150,500
Variable selling and administration
208,000
Fixed selling and administration
191,500
If total revenue in 2020 is expected to be $1,465,308, what are
expected profits in 2020?
1. X Company uses account analysis to estimate total overhead costs for each month, with units...
1. X Company uses account analysis to estimate total overhead
costs for each month, with units produced as the activity measure.
In May, when production was 1,000 units, the plant manager
classified each overhead cost item as fixed and variable as
follows:
Cost Item
Total Cost
Cost Behavior
Utilities
$21,200
100% variable
Supplies
23,100
60% variable
Maintenance
20,000
100% fixed
If September production is expected to be 1,180 units, what are
estimated total overhead costs in September (round unit costs...
In 2019, total revenue for X Company was $1,632,000. Total costs were as follows: Direct materials...
In 2019, total revenue for X Company was $1,632,000. Total costs
were as follows:
Direct materials
$249,900
Direct labor [all variable]
295,800
Variable overhead
229,500
Fixed overhead
181,500
Variable selling and administration
295,800
Fixed selling and administration
158,500
If total revenue in 2020 is expected to be $1,501,120, what are
expected profits in 2020 [round the CM or CM rate to two decimal
places]?
In 2019, total revenue for X Company was $1,915,400. Total costs were as follows: Direct materials...
In 2019, total revenue for X Company was $1,915,400. Total costs
were as follows:
Direct materials
$262,300
Direct labor [all variable]
274,500
Variable overhead
292,800
Fixed overhead
169,000
Variable selling and administration
268,400
Fixed selling and administration
188,000
If total revenue in 2020 is expected to be $1,778,810, what are
expected profits in 2020 [round the CM or CM rate to two decimal
places]?
The following manufacturing costs were incurred by the Walmart Company in 2019: Direct Materials $112,500 Direct...
The following manufacturing costs were incurred by the Walmart
Company in 2019:
Direct Materials
$112,500
Direct Labor
$175,000
Manufacturing overhead
$235,000
These costs were incurred to produce 25,000 units of product.
Variable manufacturing overhead was 80% of the direct materials
cost.
In 2020, the direct material and variable overhead costs per unit
will increase by 15%, but the direct labor costs per unit are not
expected to change. Fixed manufacturing costs are expected to
increase by 7.5%. The company is...
X Company sells one product. The following are the accountant's price and cost estimates for 2020:...
X Company sells one product. The following are the accountant's
price and cost estimates for 2020:
Selling price
$16.64
Direct materials
4.59
Direct labor [all variable]
1.83
Variable overhead
3.74
Variable selling and administration
2.20
Fixed overhead
$14,500
Fixed selling and administration
11,400
Unit sales in 2019 were 5,000; unit sales in 2020 are expected to
be 4,400.
The accountant is uncertain about her $4.59 direct materials
estimate. What must direct materials be in 2020 in order for X
Company...
X Company sells one product. The following are the accountant's price and cost estimates for 2020:...
X Company sells one product. The following are the accountant's
price and cost estimates for 2020:
Selling Price
16.76
Direct Materials
4.51
Direct Labor (all varible)
2.56
Variable Overhead
3.81
Variable Selling and Administration
1.80
Fixed overhead
14700
Fixed Selling and Administration
12000
Unit sales in 2019 were 5,700; unit sales in 2020 are expected
to be 5,300.
The accountant is uncertain about her $2.56 direct labor
estimate. What must direct labor be in 2020 in order for X Company...
X Company sells one product. The following are the accountant's price and cost estimates for 2020:...
X Company sells one product. The following are the accountant's
price and cost estimates for 2020:
Selling price
$16.33
Direct materials
4.87
Direct labor [all variable]
1.85
Variable overhead
3.87
Variable selling and administration
2.70
Fixed overhead
$12,500
Fixed selling and administration
13,000
Unit sales in 2019 were 5,100; unit sales in 2020 are expected to
be 5,600.
The accountant is uncertain about her $3.87 variable overhead
estimate. What must variable overhead be in 2020 in order for X
Company...
X Company sells one product. The following are the accountant's price and cost estimates for 2020:...
X Company sells one product. The following are the accountant's
price and cost estimates for 2020:
Selling price
$17.76
Direct materials
4.07
Direct labor [all variable]
2.54
Variable overhead
2.04
Variable selling and administration
1.70
Fixed overhead
$12,400
Fixed selling and administration
10,700
Unit sales in 2019 were 5,400; unit sales in 2020 are expected to
be 5,800.
The accountant is uncertain about her $2.04 variable overhead
estimate. What must variable overhead be in 2020 in order for X
Company...
Burns Company incurred the following costs during the year: direct materials $23.50 per unit; direct labor...
Burns Company incurred the following costs during the year:
direct materials $23.50 per unit; direct labor $15.30 per unit;
variable manufacturing overhead $17.50 per unit; variable selling
and administrative costs $9.60 per unit; fixed manufacturing
overhead $126,000; and fixed selling and administrative costs
$11,000. Burns produced 6,300 units and sold 6000 units.
Determine the manufacturing cost per unit under (a) absorption
costing and (b) variable costing. (Round answers to 2
decimal places, e.g. 52.75.)
ADVERTISEMENT
Need Online Homework Help?
Get Answers For Free
Most questions answered within 1 hours.
ADVERTISEMENT
Active Questions
asked 13 minutes ago
asked 15 minutes ago
asked 17 minutes ago
asked 55 minutes ago
asked 1 hour ago
asked 1 hour ago
asked 1 hour ago
asked 1 hour ago
asked 1 hour ago
asked 1 hour ago
asked 1 hour ago
asked 1 hour ago