Units of concrete panels produced and soldSellling priceDirect Materials (volume of concrete)Direct Materials cost / each volume of concreteManufacturing processing capcaity (volume ofconcrete)Conversion cost (all manufacturing cost exceptdirect materials)Conversion cost per unit of capacityR&D employeesR&D costsR&D cost per employeeMarket growth202020,0002,4002,500,00011.503,000,00018,000,0006.005500,000100,000202122,0002,2002,300,00012.002,900,00017,000,0005.864400,000100,00010% What was the change in R&D cost from the productivity component?(100,000) F(100,000) U(40,000) F(40,000) U(30,000) FWhat was the improvement from market growth?1,925,000 F2,165,000 F1,925,000 U292,500 F292,500 U

When the actual income exceeds the previous or budgeted income, this is referred to as a favorable…

Answered: What was the change in R&D cost from…

What was the change in R&D cost from the productivity component? (100,000) F (100,000) U (40,000) F (40,000) U (30,000) F What was the improvement from market growth?

Financial And Managerial Accounting

15th Edition

ISBN:9781337902663

Author:WARREN, Carl S.

Publisher:WARREN, Carl S.

Chapter20: Cost-volume-profit Analysis

Section: Chapter Questions

Problem 2E: Identify cost graphs The following cost graphs illustrate various types of cost behavior: For each...

See similar textbooks

Related questions

Q: Capital Gains Rates Individuals taxed at: Rate Single Taxable income MFJ Taxable Income Up to…

A: The marginal tax rate is the slab -rate at which the individual's income falls and it is taxed.…

Q: 32.The following data were related to ABC Corp.…

A: Using FIFO method, the ending inventory consists of goods that were purchased at last.

Q: If you place $25,500 into an 80-day short-term GIC at TD Canada Trust earning 0.55% simple interest,…

A: Maturity value = Amount invested + Interest earned

Q: (Guarantee by old partners in specific ratio). Antonio and Chekov were partners sharing profits in…

Q: What is the answer question (A ) only??

A: Lets understand the basics. Management calculates the cash collection and cash payment for the…

Q: ABC Company has the following data at Dec 31, 20X1: a. Goods sold in transit FOB destination,…

A: Under FOB destination, Goods are taken into inventory costing when goods are delivered to the buyer…

Q: Aqua has correctly calculated its basic earnings per share (EPS) for the current year. Which of the…

A: For calculated diluted earnings per share, all convertible securities such as employee options,…

Q: Illustration. The balance sheet of Mateo Roa on Oct. 1, 2021, before accepting Martin Penaco as his…

A: Journal Entry :- The purpose of preparing the journal entry to segregate the transaction which are…

Q: An entity receives an advance payment for a water purification unit which is to be fabricated and…

A: Advance money is money received in advance for the services to be rendered in the future. It is the…

Q: Alternative R has a first cost of $94,000, annual M&O costs of $66,000, and a $20,000 salvage value…

A: Introduction:- An alternative cost is a probable benefit that could have been acquired but wasn’t…

Q: Illustration. The balance sheet of Mateo Roa on Oct. 1, 2021, before accepting Martin Penaco as his…

A: The investment by the partners in the partnership firm is recorded by debiting the assets invested…

Q: An entity had retained earnings of P3,500,000 at the of beginning of 2021. Throughout 2021, the…

A: Retained earnings refer to the earnings accumulated by the company till date from the date of…

Q: QUESTION 3

A: Variable Overhead Efficiency Variance = Standard Rate(Actual hours - Standard Hours) Standard Hours…

Q: e following

A: 1. B should proceed with merger

Q: Effect of the errors in 2020 Effect of the error # 1 for the year 2020 Effect of the error # 2 for…

A: The overstatement of beginning inventory in the income statement leads to lower-income because it…

Q: On December 31, 2021, Glimmer Company had outstanding P3,000,000 8% convertible bonds that mature on…

A: Requirement: conversion of bond into ordinary shares and asked to calculate share premium as a…

Q: BC Inc., registered with BIR in 2X12, has the following data or the year 2018 Gross receipts…

A: Gross Income is equal to total sales minus cost of sales. Taxable income is the income after…

Q: Problem 3-36 (LO. 1, 2, 3, 4, 5, 6) Charlotte (age 40) is a surviving spouse and provides all of the…

A: A tax is a governmental organization's mandatory financial obligation or other form of levy enforced…

Q: January 1, 2012-Company issues $10,000,000 of no par common shares at $10 each. DR. Cash $10,000,000…

A: Treasury stock is the stock that has been reacquired by the company from the existing stockholders.…

Q: The ledger of Mai Company includes the following accounts with normal balances as of December 31:…

A: Journal entries show the recording of transactions during an accounting year and every transaction…

Q: An entity has financial assets held under a business model with the objective of holding financial…

A: The business model is the model in which the company aims to earn revenues for a regular period. In…

Q: Dillon Products manufactures various machined parts to customer specifications. The company uses a…

A: The cost of finished goods include the cost of goods that are completed and transferred and ready…

Q: • The GROSS INCOME is: 1. . . • The TAXABLE INCOME (LOSS) is: 2. • The INCOME TAX DUE AND PAYABLE…

A: The gross receipts mean those receipts that are received by the company for the services rendered by…

Q: ABC Corporation’s CEO owns a condominium in Bahamas where top executives and their spouses stay,…

A: Here discuss about the details of taxation issues which are incurred for the benefits provided to…

Q: ixed interest rate on a notional amount of $300,000 and to pay interest based on a floating interest…

A: Disclaimer : “Since you have posted a question with multiple sub-parts, we will solve first three…

Q: On April 1, 2022, Lansing Corporation opened for business and paid 600 in insurance to cover the…

A: Prepaid expenses are in the nature of current assets which will bring economic benefits to the…

Q: Which of the following shall be taken to profit or loss for investments measured at fair value…

A: Comprehensive income - In this statement income which is generated but not earned yet will be shown.…

Q: A is indebted to B and B is also indebted to A. A's debt is due on April 23, 2023 while B's debt is…

A: When two people owe each other money, the debts were set off, and both person's obligations are…

Q: Packard Inc. is a public company. On January 1, 2020 Packard Inc. purchased 10,000 common shares…

Q: Illustration. The balance sheet of Mateo Roa on Oct. 1, 2021, before accepting Martin Penaco as his…

A: Partnership is one of the agreement or contract between two or more than two persons, under which…

Q: 8.On August 20X1, ABC Company bought 10,000 shares of Z Corp at P120,000. Commission and taxes…

A: The meaning of the hold collect and sell is that these are the securities that are held till the…

Q: ncome on December 31, 20x1? Karen Co. purchased the following equity securities on January 1, 2…

A: As per IFRS If investment in equity shares other than those held for trading is measured at Fair…

Q: Under IFRS 9, the cumulative balance of equity as a result of measuring financial assets at fair…

A: The equity account represents the changes in the equity shareholders of the company. The treasury…

Q: 1. Prepare the journal entries that Branch-Rickie recorded during the three-year period for these…

A: Prepare the journal entries that Branch-Rickie recorded during the three-year period for the above…

Q: The US equity risk premium is 4%. What is the estimate for Alpha Inc.'s cost of equity capital?

A: Cost of equity means the return that a company Or investor must realise from the given investment Or…

Q: The objective of IAS 17 Leases is to prescribe the appropriate accounting treatment and required…

A: When a lease is classified as a finance lease, the lessee must account for both an asset and a…

Q: The Alice Brittain Estate, valued at $14.8 million, includes the following assets: A joint and last…

A: The value of the property of a deceased person including assets owned by him is known as the gross…

Q: 29. Consider

A: In this question, we will calculate the best alternative for cash flow

Q: Micheal on 31st August 2014; SOUTHBANK Colornbo St Branch PAY THE SUM OF RANSFERABLE PAYEE ONLY bay…

A: Here discuss about the preparation of cheque for the net salary paid to the Jordan Michael and write…

Q: Assume that debt service expenditures are $12.6 million and "own source" revenues are $84 million.…

A: Debt service revenue ratio = Debt service / revenue

Q: ful economic life of 12 years was acquired for $72,000. In addition, paired. amount box does not…

A: Amortization is an accounting approach for lowering the book value of a loan or intangible asset…

Q: 0.The following data were available for Product Z at Mar 31, 20X1: Beg inventory 50 units @ 12…

A: Solution: There are various method of inventory valuation as under: 1. First in First Out (FIFO) 2.…

Q: In its first year of operations, Maria Corp.earned 48,100 in service revenue.Of that amount, 8,200…

A: The net income is calculated as difference between revenue and expenses of the current. Under…

Q: What is the amount of gain (loss) on Dec 31, 20X1, Dec 31, 20X2 and Jan 20X3 respectively?

A: The cost of the shares means the amount that is spent on the purchase of the shares. this cost…

Q: Mar. 28: Billed customers Tk 2,500 for cleaning services. Mar. 31: Paid advertising expenses of Tk…

A: Introduction: Journals: All the business transactions are to be recorded in journals. Journals are…

Q: Learning Task 2: Journalize the entries for the following adjustments on December 31, the ed of the…

A: The journal entries are prepared to keep the record of day to day transactions of the business. The…

Q: Problem 3 National Supply's shareholders' equity included the following accounts at December 31,…

A: Retired shares can't be reissued because they wil not have any value after retirement. Please…

Q: A corporation issues 7 500 shares of capital share as a dividend in an effort to reduce retained…

A: The stock dividend is a method of capitalizing on retained earnings. It is issued to the existing…

Q: According to IAS 28, Investments in Associates and Joint Ventures, an investment classified as a…

A: In the equity method, investments are 1st recorded at cost and later adjusted based on the changes…

Q: A kitchen fitting company receives an invoice for sub-contractors who were used to connect the gas…

A: A cost that can be directly attributable to work is called as direct.If cost is not directly…

Question

Units of concrete panels produced and sold
Sellling price
Direct Materials (volume of concrete)
Direct Materials cost / each volume of concrete
Manufacturing processing capcaity (volume of
concrete)
Conversion cost (all manufacturing cost except
direct materials)
Conversion cost per unit of capacity
R&D employees
R&D costs
R&D cost per employee
Market growth
2020
20,000
2,400
2,500,000
11.50
3,000,000
18,000,000
6.00
5
500,000
100,000
2021
22,000
2,200
2,300,000
12.00
2,900,000
17,000,000
5.86
4
400,000
100,000
10%

What was the change in R&D cost from the productivity component?
(100,000) F
(100,000) U
(40,000) F
(40,000) U
(30,000) F
What was the improvement from market growth?
1,925,000 F
2,165,000 F
1,925,000 U
292,500 F
292,500 U

Expert Solution

This question has been solved!

Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.

SEE SOLUTION Check out a sample Q&A here

Step 1

VIEW

Step 2

VIEW

Step 3

VIEW

Step by step

Solved in 3 steps

SEE SOLUTION Check out a sample Q&A here

Knowledge Booster

Learn more about

Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, accounting and related others by exploring similar questions and additional content below.

Similar questions

Units of concrete panels produced and sold Sellling price Direct Materials (volume of concrete) Direct Materials cost / each volume of concrete Manufacturing processing capcaity (volume of concrete) Conversion cost (all manufacturing cost except direct materials) Conversion cost per unit of capacity R&D employees R&D costs R&D cost per employee Market growth 2020 20,000 2,400 2,500,000 11.50 400,000 18,000,000 45.00 5 200,000 40,000 What was the change in R&D cost from the productivity component? (100,000) F (100,000) U (40,000) F (40,000) U (30,000) F 2021 22,000 2,200 2,300,000 12.00 300,000 16,000,000 53.33 4 160,000 40,000 10%
Units of concrete panels produced and sold Sellling price Direct Materials (volume of concrete) Direct Materials cost / each volume of concrete Manufacturing processing capcaity (volume of concrete) Conversion cost (all manufacturing cost except direct materials) Conversion cost per unit of capacity R&D employees R&D costs R&D cost per employee Market growth 2020 20,000 2,400 2,500,000 11.50 3,000,000 18,000,000 6.00 5 500,000 100,000 2021 22,000 2,200 2,300,000 12.00 2,900,000 17,000,000 5.86 4 400,000 100,000 10%
Data table Units of D4H produced and sold 1. 2. Selling price 3. Direct materials (kilograms) 4. Direct material cost per kilogram 5. Manufacturing capacity (units of D4H) 6. Total conversion costs 7. 8. Selling and customer-service capacity 9. Total selling and customer-service costs 10. Selling and customer-service capacity cost per customer 11. Design staff 12. Total design costs 13. Design cost per employee Conversion cost per unit of capacity Alt+Q Print Done $ $ 210 41,000 $ 310,000 7.25 $ 250 2,125,000 $ 8,500 $ $ $ 2,150,000 8,600 95 customers 90 customers 900,000 10,000 12 1,045,000 $ 11,000 $ 12 1,212,000 $ 101,000 $ $ $ ZUZT $ $ ZUZZ 235 43,000 325,000 7.75 250 1,218,000 101,500 (similar to) Data table HW Score: 3.03%, 0.12 of 4 points Daint 0 10 of 1 Revenue effect of growth Cost effect of growth The company has chosen a product differentiation strategy. The growth, price- recovery, and productivity components of the change in operating income from 2021 to 2022 are as…
Problem 7-16 (Algo) Comparing Traditional and Activity-Based Product Margins [LO7-1, L07-3, LO7-4, LO7-5] Hi-Tek Manufacturing, Inc., makes two types of industrial component parts-the B300 and the T500. An absorption costing income statement for the most recent period is shown: Hi-Tek Manufacturing Inc. Income Statement $ 1,657,500 1,224,620 432,880 620,000 Sales Cost of goods sold Gross margin Selling and administrative expenses Net operating loss $4 (187,120) Hi-Tek produced and sold 60,500 units of B3o0 at a price of $19 per unit and 12,700 units of T500 at a price of $40 per unit. The company's traditional cost system allocates manufacturing overhead to products using a plantwide overhead rate and direct labor dollars as the allocation base. Additional information relating to the company's two product lines is shown below: в300 T500 Total Direct materials $ 400,600 $ 120,400 $ 162,700 $ 42,000 563,300 162,400 498,920 Direct labor Manufacturing overhead Cost of goods sold $…
Identify cost graphs The following cost graphs illustrate various types of cost behavior: For each of the following costs, identify the cost graph that best illustrates its cost behavior as the number of units produced increases. a. Direct material cost per unit. b. Fees for using a patent of $500,000 plus $0.25 for each unit produced. c. Salary of quality control supervisor. d. Straight-line depreciation per unit on factory equipment. e. Total direct materials cost.
What is the conversion cost to manufacture insulated travel cups if the costs are: direct materials, $17,000; direct labor, $33,000; and manufacturing overhead, $70,000? A. $16,000 B. $50,000 C. $103,000 D. $120000
Let S represent the amount of steel produced (in tons). Steel production is related to the amount of labor used (L) and the amount of capital used (C) by the following function: S=20L0.30C0.70. In this formula L represents the units of labor input and C the units of capital input. Each unit of labor costs 50, and each unit of capital costs 100. a. Formulate an optimization problem that will determine how much labor and capital are needed to produce 50,000 tons of steel at minimum cost. b. Solve the optimization problem you formulated in part (a). (Hint: When using Excel Solver, start with an initial L 0 and C 0.)
Identify cost graphs The following cost graphs illustrate various types of cost behavior: For each of the following costs, identify the cost graph that best illustrates its cost behavior as the number of units produced increases: A. Total direct materials cost B. Electricity costs of 1,000 per month plus 0.10 per kilowatt-hour C. Per-unit cost of straight-line depreciation on factory equipment D. Salary of quality control supervisor, 20,000 per month E. Per-unit direct labor cost
Contribution margin by segment The following information is for LaPlanche Industries Inc.: Determine the contribution margin for (A) Product YY and (B) West Region.
Evaluating Selected Cost Driver Assume that a manufacturer of specialized machine parts developed the following total cost estimating equation for manufacturing costs. Y = $14,400 + $1,250 (actual units) a. What is total estimated manufacturing costs if 180 units are produced? $Answer 0
Total product cost per unit under absorption costing = Units produced = 1000Direct Materials = $ 6Direct Labor = $10Fixed overhead =$ 6000Variable overhead = $ 6Fixed Selling & Admin = $ 2000Variable Selling & Admin $ 2
48. LO.1 & LO. 3–LO.5 (Activity analysis, ABC; pricing; cost drivers; decision making)Hurley Corporation has identifi ed the following overhead costs and cost drivers for the coming year:Overhead Item Cost DriverBudgeted CostBudgeted Activity LevelMachine setup Number of setups $ 20,000 200Inspection Number of inspections 130,000 6,500Material handling Number of material moves 80,000 8,000Engineering Engineering hours 50,000 1,000$280,000Th e following information was collected on three jobs that were completed dur-ing the year:Job 101 Job 102 Job 103Direct material $5,000 $12,000 $8,000Direct labor $2,000 $ 2,000 $4,000Units completed 100 50 200Number of setups 1 2 4Number of inspections 20 10 30Number of material moves 30 10 50Engineering hours 10 50 10Budgeted direct labor cost was $100,000, and budgeted direct material cost was $280,000.a. If the company uses activity-based costing, how much overhead cost should be assigned to Job 101?b. If the company uses activity-based…