ABC Company is a maker of chairs for schools and universities They have provided you with the following financial information. You are required to prepare a contribution margin income statement $338 Selling price per chair Materials per chair Labor cost per chair Rent Salary of a Security guard Salary of the manager $60 $40 $1,000 $1,000 $1,000 How many units would they have to sell to breakeven?
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- Ethical Behavior Consider the following scenario between Dave, a printer, and Steve, an assistant in the local universitys athletic department. Steve: Dave, our department needs to have 10,000 posters printed for the basketball team for next year. Heres the mock-up, and well need them in a month. How much will you charge? Dave: Well, given the costs I have for ink and paper, 1 can come in at around 5,000. Steve: Great, heres what I want you to do. Print me up an invoice for 7,500. Huts our budget. Then, when they pay you, you give me a check for 2,500. Ill make sure that you get the job. Required: CONCEPTUAL CONNECTION Is Steves proposal ethical? What should Dave do?Unauthorized My Home CengageNOWv2 | Online teachin × + https://v2.cengagenow.com/ilrn/takeAssignment/takeAssignmentMain.do?invoker=&takeAssignmentSessionLocator=&inprogres. Chapter 20 еBook Show Me How Contribution Margin Ratio a. Young Company budgets sales of $112,900,000, fixed costs of $25,000,000, and variable costs of $66,611,000. What is the contribution margin ratio for Young Company? % b. If the contribution margin ratio for Martinez Company is 40%, sales were $34,800,000, and fixed costs were $1,500,000, what was the operating income? $4 6:39 PM 63°F 11/5/2021! Required information [The following information applies to the questions displayed below.] UR Safe Systems installs home security systems. Two of its systems, the ICU 100 and the ICU 900, have these characteristics: Design Specifications Video cameras Video monitors Motion detectors Floodlights Alarms Wiring Installation ICU 100 2 2 1. Current profit margin 2. Profit margin Target cost WEIN ICU 100 1 % % 3 3 710 feet 11 hour 1,150 feet 21 hour The ICU 100 sells for $980 installed, and the ICU 900 sells for $1,690 installed. Required: 1. What are the current gross profit margin percentages on both systems? 2. UR Safe's management believes that it must drop the price on the ICU 100 to $920 and on the ICU 900 to $1,560 to remain competitive in the market. Recalculate gross profit margin percentages for both products at these price levels and then compute the target cost needed for each product to maintain the current gross profit margin percentages. (For all requirements, round your…
- W NWP Assessment Player UI Application W NWP Assessment - 1023.121103 BFN-C201-1023-... th Solution Walkthrough Videos Question 3 of 7 -/0.75 View Policies Current Attempt in Progress You are trying to choose between purchasing one of two machines for a factory. Machine A costs $15,400 to purchase and has a three-year life. Machine B costs $17,500 to purchase but has a four year life. Regardless of which machine you purchase, it will have to be replaced at the end of its operating life. Assume a marginal tax rate of 35 percent and a discount rate of 13 percent. Calculate the equivalent annual costs (EAC) of each machines. (Do not round intermediate calculations. Round answers to 2 decimal places, e.g. 15.27.) Equivalent Annual Cost (EAC) of machine A $4 Equivalent Annual Cost (EAC) of machine B $4 Which machine should you choose? You should choose eTextbook and Media Save for Later Attempts: 0 of 3 used Submit AnswerRequired Information [The following information applies to the questions displayed below.] UR Safe Systems Installs home security systems. Two of its systems, the ICU 100 and the ICU 900, have these characteristics: Design Specifications Video cameras Video monitors Motion detectors Floodlights Alarms Wiring Installation 1,050 feet 21 hour The ICU 100 sells for $860 Installed, and the ICU 900 sells for $1,570 Installed. 1. Current profit margin 2. ICU 100 2 2 3 1 5 650 feet 11 hour Required: 1. What are the current gross profit margin percentages on both systems? 2. UR Safe's management believes that it must drop the price on the ICU 100 to $800 and on the ICU 900 to $1,440 to remain competitive in the market. Recalculate gross profit margin percentages for both products at these price levels and then compute the target cost needed for each product to maintain the current gross profit margin percentages. Profit margin Target cost (For all requirements, round your percentage answers to…1. COMPARING ALTERNATIVES- YOU WERE EMPLOYED IN A BPO COMPANY AND YOUR COMPANY TASKED YOU TO BUY A NEW ROUTER TO BOOST YOUR CONNECTIVITY WITH MANY NETWORKS SWITCH. THERE ARE FOUR AVAILABLE PRODUCTS TO CHOOSE FROM WITH THE FF COST DATA. COST DATA Brand A C D FIRST COST 24K 30K 49.6K 52K LABOR/YR MAINTENANCE/YR TAXES/INSURANCE 11.6K 9.32K 4.2K 2K 2.8K 1.9K 1.3K 0.7K 3% of ist cost 3% of ist cost 3% of ist cost 3% of ist cost POWER/YR 1.3K 1.36K 2.4K 2.020K LIFE,YRS 5 a. IF THE COST OF MONEY IS 17%, CHOOSE THE BEST ALTERNATIVE THAT YOU WILL RECOMMEND USING ANNUAL WORTH METHOD. b. PRESENT YOUR ANSWER IN MATRIX FORM. c. SHOW YOUR COMPUTATION ON DEPRECIATION USING SINKING FUND FORMULA. 2. IN CASE YOU PREFER A CERTAIN BRAND BUT IT DID NOT MEET THE ANNUAL COST CRITERIA, WHAT ARE THE OPTIONS YOU WILL DO IN ORDER THAT THE PREFERRED BRAND WILL BE ACCEPTED BY TOP MANAGEMENT? THE QUALITY OF BRAND A, B, C, & D ARE AT THE SAME LEVEL.
- The following information is provided for each Investment Center. Investment Center Cameras Phones Computers Income $5,200,000 2,436,000 1,000,000 Average Assets $ 29,000,000 20,300,000 19,800,000 QS 22-12 (Algo) Computing return on investment LO A1 Compute return on investment for each investment center. Which center performed the best based on return on investment? Complete this question by entering your answers in the tabs below. Return on Performance Investment Based on ROI Compute return on investment for each investment center. Note: Round your final answer to 1 decimal place. Investment Center Income Average Assets Return on Investment Cameras $ 5,200,000 $ 29,000,000 % Phones Computers 2,436,000 1,000,000 20,300,000 % 19,800,000 %Knowledge Check 01 Match the term and the definition. 1. Adventure Holiday sells thousands of tour packages each month through its various branches. A branch manager's salary would be a(n). of selling a tour package. is a cost that is incurred to support a number of cost objects but cannot be 2 A traced to them individually 3. Adventure Holiday sells thousands of tour packages each month through its various branches A branch manager's salary would be a(n) of the branchSF X My Home * CengageNOWv2 | Online teachin X genow.com/iln/takeAssignment/takeAssignmentMain.do?invoker=&takeAssignmentSessionLocator3D&inpro.. inttil eBook Average Rate of Return-Cost Savings Maui Fabricators Inc. is considering an investment in equipment that will replace direct labor. The equipment has a cost of $90,000 with a $8,000 residual value and a ten-year life. The equipment will replace one employee who has an average wage of $15,980 per year. In addition, the equipment will have operating and energy costs of $4,350 per year. Determine the average rate of return on the equipment, giving effect to straight-line depreciation on the investment. If required, round to the nearest whole percent. X % Feedback Check My Work Divide the estimated average annual income by the average investment. Average savings less depreciation expense less additional operating costs equals average annual income. Previous Next Check My Work 11:24 PM ロ 5/8/2021
- A edugen.wileyplus.com Forsyth Tech - Community College Content WileyPLUS PLUS Davis, Managerial Accounting, 3e Help | System Announcements PRINTER VERSION NEXT CALCULATOR 1 BACK URCES Problem 3-29 Briggs Herrera, president of Ivanhoe Recreation Products, Inc., is concerned about declines that he is beginning to see in the demand for the company's line of old school logo basketballs as new competitors enter the market. At a current contribution margin of $10, the company must sell 84,750 basketballs to generate the desired $200,000 in annual operating income. Based on a recent market research report, Briggs thinks the company can expect annual sales of only 70,625 basketballs in the future.Computing breakeven sales and sales needed to earn a target profit; graphing CVP relationships; performing sensitivity analysis National Investor Group is opening an office in Portland, Oregon. Fixed monthly costs are office rent ($8,100), depreciation on office furniture ($1,700), utilities ($2,000), special telephone lines ($1,500), a connection with an online brokerage service ($2,500), and the salary of a financial planner ($5,200). Variable costs include payments to the financial planner (9% of revenue), advertising (11% of revenue), supplies and postage (4% of revenue), and usage fees for the telephone lines and computerized brokerage service (6% of revenue). Requirements Use the contribution margin ratio approach to compute Nationals breakeven revenue in dollars. If the average trade leads to $1,000 in revenue for National, how many trades must be made to break even? Use the equation approach to compute the dollar revenues needed to earn a monthly target profit of $12,600.…Question Description Company XYZ has a monthly rental amount of 2000 USD, credit payments(1200 per year), materials 30USD, Labor 70 USD, Unit selling price is 150$. Please find BEP andprepare a profit and loss statement. Going forward company also decided to look at theirproductivity from a multifactor perspective. To do so, CEO has determined his labor, capital,energy and material usage and has decided to use dollar as the common denominator. His totallabor hours are now 300 per day and will increase to 308 per day. His capital and energy costs willremain constant at $350 and $150 per day respectively. Material costs for 100 logs per day are$1000 and will remain the same. Because he pays an average of $10 per hour. a) calculate the productivity for current system and with professional buyer.b) Please prepare a flow diagram, process chart, activity chart and operations chart for a teacherteaching a class at FMS?