Variable cost per unit Total variable cost Total contribution margin $
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- Exercise 3-4A (Algo) Determining variable cost from incomplete cost data LO 3-1 Gibson Corporation produced 204,000 watches that it sold for $17 each during year 2. The company determined that fixed manufacturing cost per unit was $8 per watch. The company reported a $612,000 gross margin on its year 2 financial statements. Required Determine the variable cost per unit, the total variable cost, and the total contribution margin.Exercise 3-4A (Algo) Determining variable cost from incomplete cost data LO 3-1 Baird Corporation produced 215,000 watches that it sold for $19 each during year 2. The company determined that fixed manufacturing cost per unit was $8 per watch. The company reported a $1,075,000 gross margin on its year 2 financial statements. Required Determine the variable cost per unit, the total variable cost, and the total contribution margin. Variable cost per unit Total variable cost Total contribution marginSaved He Homework Estrada Corporation produced 211,000 watches that it sold for $19 each. The company determined that fixed manufacturing cost per unit was $8 per watch. The company reported a $1,266,000 gross margin on its financial statements. Required Determine the variable cost per unit, the total variable product cost, and the total contribution margin. Variable cost per unit Total variable product cost Total contribution margin
- Saved Hel 4 Homework Estrada Corporation produced 204,000 watches that it sold for $21 each. The company determined that fixed manufacturing cost per unit was $8 per watch. The company reported a $1,428,000 gross margin on its financial statements. Required Determine the variable cost per unit, the total variable product cost, and the total contribution margin. Variable cost per unit Total variable product cost Total contribution marginStarling Co. manufactures one product with a selling price of 18 and variable cost of 12. Starlings total annual fixed costs are 38,400. If operating income last year was 28,800, what was the number of units Starling sold? a. 4,800 b. 6,400 c. 5,600 d. 11,200Exercise 4-12- Jolina Company has fixed costs of P1,200,000, variable costs of P24 per unit, and a contribution margin ratio of 40%. REQUIRED: 1. Compute for the following: a. Unit sales price, and unit contribution margin. b. The sales volume in units required for Jolina to earn an operating income of P600,000. c. The peso sales volume required for Jolina to earn an operating income of P600.000.
- High-Low Method The manufacturing costs of Ackerman Industries for the first three months of the year follow: Total Costs Units Produced January $219,590 2,710 units February 168,480 1,680 March 262,080 4,080 Using the high-low method, determine (a) the variable cost per unit and (b) the total fixed cost. Round all answers to the nearest whole dollar. a. Variable cost per unit $ b. Total fixed cost8.Given the following cost and activity observations for Bounty Company's utilities, use the high-low method to determine Bounty's variable utilities cost per machine hour. Round your answer to the nearest cent. Cost Machine Hours March $3,106 14,562 April 2,638 10,405 May 2,893 11,850 June 3,792 18,035 a.$0.76 b.$1.81 c.$0.72 d.$0.15High-Low Method The manufacturing costs of Heather Industries for three months of the year are provided below. Total Costs Production January $297,360 1,540 units February 379,960 2,880 March 462,560 4,340 Using the high-low method, determine (a) the variable cost per unit and (b) the total fixed cost. Round all answers to the nearest whole dollar. a. Variable cost per unit $fill in the blank 1 b. Total fixed cost $fill in the blank 2
- Question 2 The following monthly data in contribution format are available for the Ross Company and its only product. Product SD: Sales Variable expenses Contribution margin Fixed expenses Net operating income Total $ $ $ $ $ 381,600 304.800 76,800 34,500 42,300 Per Unit $ 5 159 127 32 The company produced and sold 2,400 units during the month and had no beginning or ending inventories. a) What is the current operating leverage? b) Projections indicate that the market will worsen by 15% next month. What is the projected net operating income given this increase?Question 3 The following monthly data in contribution format are available for the Timor Company and its only product. Product SD: Sales Variable expenses Contribution margin Fixed expenses Net operating income Total $ $ $ $ $ 227,500 162.500 65,000 45.000 20,000 Per Unit $ $ $ 91 65 26 The company produced and sold 2,500 units during the month and had no beginning or ending inventories. a) What is the current margin of safety? b) Management is concerned about having the funds to pay dividends next quarter. They believe net operating income of $35,000 will be sufficient. How much sales revenue is necessary to achieve this target profit?t 0 ences Mc Graw Hill Required information [The following information applies to the questions displayed below.] Diego Company manufactures one product that is sold for $75 per unit in two geographic regions-the East and West regions. The following information pertains to the company's first year of operations in which it produced 46,000 units and sold 42,000 units. Variable costs per unit: Manufacturing: Direct materials Direct labor Variable manufacturing overhead Variable selling and administrative Fixed costs per year: Fixed manufacturing overhead Fixed selling and administrative expense Break even point $ 25 $ 20 The company sold 31,000 units in the East region and 11,000 units in the West region. It determined that $200,000 of its fixed selling and administrative expense is traceable to the West region, $150,000 is traceable to the East region, and the remaining $38,000 is a common fixed expense. The company will continue to incur the total amount of its fixed manufacturing…