cion's contribution format income statement for last P 2,000,000 ble Costs 1400.000 ribution Margin 600,000 160.00
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- C. $1,060,000. D. $1,080,000. PROBLEM 4 The following is Unknown Corporation's contribution format income statement for last month: Sales P 2,000,000 Variable Costs 1.400.000 Contribution Margin 600,000 Fixed Costs 360,000 Profit 240,000 The company has no beginning or ending inventories. A total of 40,000 units were produced and sold last month. Required: (1 point for each requirement) Compute for the following items: a. Selling price per unit b. Variable cost per unit 2nd semester AY 2021- 2022 Page 5 of 6 C. Contribution margin per unit d. Contribution margin ratio e. Breakeven point in pesos f. Breakeven point in unit sales g. If breakeven sales in units will increase by 10,000 units, how much will be the increase/decrease in profits? h. If breakeven sales in units will decrease by 4,000 units, how much will be the increase/decrease in profits?Last year. Abner Company incurred the following costs P 50,000 20,000 130,000 40,000 36,000 Direct materials Direct labor Factory overhead Selling expense Administrative expense Units produced and sold 10,000 units at a price P31 each 13. Prime cost per unit is a. P 7.00 b.P15.00 c. P 5.00 d. P20.00 14. Con ersion cost per unit is a. ? 7. b. P 15.) c P20.00. d. P26.00 15. Cost of goods solt pe unit is steqe3 a. P 7.0 b. P 15.00 burteg t ol 200 ba c. P 20.00 d. P26.00 dsY sci 16. Gross p.ofit per unit is a. P11.00 b. P 15.00 c. P 16.00 d. P 24.00 17. Operating income is a. P 24,000 b. P110,000 i biviam 8419 c. P"74,000 d. Pl10,000Q # 1: The income statement for the Stylo Company for the past yearis: Salcs (150000 units a $30) Cost of Goods Sold: $4,500,000 Materials $1,050,000 1,500,(100 450,000 500,000 Labour Variable FOH Fixed FOH 3.500,000 $1,000.000 Gross Profit $ 135.000 Variable Marketing Expenses Fixed Marketing Expenses Fixed Administrative Expenses 185,000 180.000 500.000 $ 500,000 250,000 S 250,000 Income before Tax Income Tax Net Inco me Woodstock is preparing its budget for the coming year and has made the following predictions about cost increascs: material 5%, labour 8%, all other costs inçluding fixed 6%. Productive capacity is 200,000 units. The president has been offered various proposals by the division managers as follows: Maintain the present volume and sales price Produce and sell at capacity and reduce the unit price $28. Raise the unit price to $32, spend an cxtra # 300,000 on advertising, and produce and sell 180,000 um its. Required: Recommended action, based on quantification of…
- 8. The following cost relate to XYZ Corp for the year:Sales commission expenses P 185,000Direct materials 215,000Conversion cost 435,000Factory overhead 190,000 (40% of which is fixed)What is the TOTAL PERIOD COSTS?6. The following cost relate to XYZ Corp for the year:Sales commission expenses P 185,000Direct materials 215,000Conversion cost 435,000Factory overhead 190,000 (40% of which is fixed)What is the TOTAL MANUFACTURING (PRODUCT) COSTS?Q # 1: The income statement for the Stylo Company for the past year is: Sales (150000 units @ $30) Cost of Goods Sold: $4,500,000 Materials $1,050,000 1,500,000 450,000 500,000 Labour Variable FOH 3,500,000 $1,000,000 Fixed FOH Gross Profit Variable Marketing Expenses Fixed Marketing Expenses Fixed Administrative Expenses $ 135,000 185,000 180,000 500,000 $ 500,000 250,000 $ 250,000 Income before Tax Income Tax Net Inco me Woodstock is preparing its budget for the coming year and has made the following predictions about cost increases: material 5%, labour 8%, all other costs including fixed 6%. Productive capacity is 200,000 units. The president has been offered various proposals by the division managers as follows: Maintain the present volume and sales price Produce and sell at capacity and reduce the unit price $28. Raise the unit price to $32, spend an extra # 300,000 on advertising, and produce and sell 180,000 un its. Required: Recommended action, based on quantification of…
- O e. $40 Company XYZ made total sales revenue of $450,000. The variable manufacturing costs were $125,000 while the fixed manufacturing costs were $20,000. The variable selling and administrative expenses were $50,000 while the fixed selling and administrative expenses were $10,000. How much was the total contribution margin ($)? a. 275,000 O b. 325,000 O c. 305,000 d. None of the given answers e. 390,000 PAGE NEXT PAGEOrd Applicati... WP WileyPLUS B Bloomberg for Edu... 2:55:19 Mc Graw Hill Multiple Choice ) $1,900,000. During its most recent fiscal year, Dover, Incorporated had total sales of $3,200,000. Contribution margin amounted to $1,500,000 and income was $400,000. What amount should have been reported as variable costs in the company's contribution margin income statement for the year? $2,800,000. $1,300,000. $1,100,000. Saved Save & Exit DELL Subm10 In July, TPM Co. incurred total costs of $60,000 and made 6000 units. In December it produced 4000 units and total costs were $40,000. What is the variable cost per unit? a. S12.00 b. $15.00 c. S10.00 d. $8.00
- Take a look at the following company information: Sales (000s) Direct Materials (000s) Direct Labour (000s) Gross Profit (000s) Selling and Admin Expense (000s) Net profit $ 1566 $554 $ 211 $801 Answer: $ 162.5 $ If we decrease the direct materials cost by 2%, what is the new Net Profit? Show your answer to 2 decimals and include the correct unit.1. Pantok Manufacturing, most recent income statement follows: Total P208,000 144,000 Sales (8,000 units) Variable expenses.... Contribution margin.. Fixed expenses....... Net operating Income..... Per unit P 26.00 18.00 64,000 P 8.00 .56,000 ..P 8,000 Required: Prepare a new contribution format income statement under each of the following conditions (consider each case independently): a. The sales volume increases by 50 units. b. The sales volume declines by 50 units. c. The sales volume is 7,000 units.15. Orion Company sells several products. Information of average revenue and costs is as follows: Selling price per unit $23 Variable cost per unit: Direct material $4.00 Direct manufacturing labor $1.60 Variable manufacturing Overhead $0.40 Sales commission $2.10 Annual fixed costs $100,000 The company sells 12,000 units at the end of the year. The contribution per unit is? a. $16.50 b. $14.90 c. $18.60 d. $19.00