Portis, Inc. reported sales of $8,000,000 for the month and incurred variable expens totaling $5,600,000 and fixed expenses totaling $1,440,000. The company has no beginning or ending inventories. A total of 80,000 units were produced and sold last month. (Note that this is the same data that was provided for the previous question.) sales increase by 200 units, what is the expected increase in net operating income? T1 600
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- E-mail Bum Open D3,1JU D) Portis, Inc. reported sales of $8,000,000 for the month and incurred variable expenses totaling $5,600,000 and fixed expenses totaling $1,440,000. The company has no beginning or ending inventories. A total of 80,000 units were produced and sold last month. What is the company's break-even point in units? 0 units A) 48,000 units B) 72,000 units C) 80,000 units D) Page 2 of 4 48 F Sunny O Type here to searchIn its first month of operation, Vaughn Manufacturing purchased 320 units of inventory for $8, then 420 units for $9, and finally 360 units for $10. At the end of the month, 400 units remained.Compute the amount of phantom profit that would result if the company used FIFO rather than LIFO. Phantom profit $enter a phantom profit in dollarsThe Specter Company is a merchandising firm that sells a single product. The company'srevenues and expenses for the last three months are given below:April May JuneSales in units 4,500 5,250 6,000Sales revenue $630,000 $735,000 $840,000Less cost ofgoods sold252,000 294,000 336,000Gross Margin 378,000 441,000 504,000Less operatingexpenses:Shippingexpense56,000 63,500 71,000Advertisingexpense70,000 70,000 70,000Salaries andcommissions143,000 161,750 180,500Insuranceexpense9,000 9,000 9,000Depreciationexpense42,000 42,000 42,000Total operatingexpenses320,000 346,250 372,500Net income $58,000 $94,750 $131,500Required:a. Determine which expenses are mixed and, by use of the high-low method, separate eachmixed expense into its variable and fixed components. State the cost formula for eachmixed expense. All calculations must be shown. b. Compute the company's total contribution margin for May. Calculation must be shown
- q2: Junko Company manufactures financial calculators and produced 97,000 units during the year. The finished goods inventory was 1,260 units on January 1 and 1,040 units on December 31. The average unit cost is $118, what was the cost of goods manufactured and the cost of goods sold for the year? Please choose the correct option and show your calculation to validate your selection: A. $11,446,000 & $11,471,960 B. $10,839,680 & $11,446,000 C. $11,446,000 & $12,839,680 D. $10,888,240 & $11,446,0006. ABC Co. owns a branch. At the end of the month, the balance of the Allowance on overvaluation is P95,000. The branch reported the following: beg. inventories - P15,000; ending inventories - P100,000; shipments from Home Office P555,000; Sales - P800,000; Expenses - P200,000. What is the percentage of profit on cost that the Home office uses to bill the branch?Company XYZ is a smart phone merchant. The company purchases smart phones directly from the manufacturer and sells them to customers. During the month of April, the company purchased 55 smart phones and paid $800 for each one. The company managed to sell 50 smart phones during the same month for $1,100 each. The company incurred total Selling and Administrative costs of $4,000 of which 20% is fixed costs. Assume that XYZ did not have a ?beginning inventory during April, what was the gross margin ($) for April 7,800 .a O None of the given answers .b O 15,000 .c O 11,000 d O 11,800 .e O
- uring the month of April, Orison Supply Store sold $39,000 of inventory, with $25,000 sold on credit and the remaining for cash. The business collected $15,000 from the previous month's credit sales that excluded a bad debt of $750. The inventory sold was purchased at a cost of $2,3400. What was the total revenue recognised in the month of September? (Ignore GST for this question)A. None of the other answers B. 54,000 C. 14,250 D. 38,250 E. 39,00014. Company XYZ is a smart phone merchant. The company purchases smart phones directly from the manufacturer and sells them to customers. During the month of April, the company purchased 60 smart phones and paid $ 900 for each one. The company managed to sell 55 smart phones during the same month for $ 1,200 each. The company incurred total Selling and Administrative costs of $ 4,000 of which 20% is fixed costs. Assume that XYZ did not have a beginning inventory during April, what was the gross margin ($) for April?Company XYZ is a smart phone merchant. The company purchases smart phones directly from the manufacturer and sells them to customers. During the month of April, the company purchased 55 smart phones and paid $800 for each one. The company managed to sell 50 smart phones during the same month for $1,100 each. The company incurred total Selling and Administrative costs of $4,000 of which 20% is fixed costs. ?Assume that XYZ did not have a beginning inventory during April, what was the gross margin ($) for April 7,800 a O 11,800 b O 15,000 .cO 11,000 d O None of the given answers .e O
- Q3: The accountant of Manama Corporation has collected the following data on its copy machine costs for the last six months of the year. Month Number of copies Total copy cost July 3,500 $14,000 August 3,200 13,500 September 4,100 16,000 October 5,100 18,000 November 5,600 18,500 December 4,800 17,500 Requirements : 1- Use the regression analysis method to: a- Estimate the cost function (Y= F+vX). b- What percentage of the copy cost depends on number of copies? What portion of the fluctuation is not explained by that cost driver? You need to perform this using Excel. Submit the excel sheet along with your paper. 2- Using the high-low method, calculate the total fixed factory overhead cost and the variable factory overhead cost per direct labour hour and Prepare the cost function. 3. What would the total factory copy cost be at a level of 4,600 copies using each method above? 4. Which prediction method is the best method? Why?Portis, Business requirements $8,000,000 in monthly sales, $5,600,000 in variable expenses, and $1,440,000 in regular bills. There are no initial or final inventory for the business. Last month, 80,000 units were created and sold. (Note that this information was previously provided in response to the prior inquiry.) How many units must be sold by the business to make the required profit of? $1,200,000? 88,000 100,000 106,668 150,000Company XYZ is a smart phone merchant. The company purchases smart phones directly from the manufacturer and sells them to customers. During the month of April, the company purchased 60 smart phones and paid $900 for each one. The company managed to sell 55 smart phones during the same month for $1,200 each. The company incurred total Selling and Administrative costs of $4,000 of which 20% is fixed costs. Assume that XYZ did not have a beginning inventory during April, what was the gross margin ($) for April? O a. 16,500 O b. 12,500 О с. None of the given answers O d. 13,300 e. 8,800