Mcdale Incorporated produces and sells two products. Data concerning those products for the most recent month appear below.Product 149V Product Z500Sales$ 14,000Variable expenses$ 15,000$ 3,300$ 2,790The fixed expenses of the entire company were $18,460. The break-even point for the entire company is closest to:Multiple Choice$23,367$10,540$24,550$18,460

BREAKEVEN POINTBreak Even means the volume of production or sales where there is no profit or…

Answered: Mcdale Incorporated produces and sells…

Managerial Accounting: The Cornerstone of Business Decision-Making

7th Edition

ISBN:9781337115773

Author:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger

Publisher:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger

Chapter2: Basic Managerial Accounting Concepts

Section: Chapter Questions

Problem 4MCQ

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West Island distributes a single product. The companys sales and expenses for the month of June are shown. Using the information presented, answer these questions: A. What is the break-even point in units sold and dollar sales? B. What is the total contribution margin at the break-even point? C. If West Island wants to earn a profit of $21,000, how many units would they have to sell? D. Prepare a contribution margin income statement that reflects sales necessary to achieve the target profit.
Starling 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. 11,200
Use the following information for Multiple- Choice Questions 2-13 through 2-18: Last year, Barnard Company incurred the following costs: Barnard produced and sold 10,000 units at a price of 31 each. 2-15 Refer to the information for Barnard Company on the previous page. The cost of goods sold per unit is a. 7.00. b. 20.00. c. 15.00. d. 5.00. e. 27.60.
Use the following information for Multiple-Choice Questions 2-13 through 2-18: Last year, Barnard Company incurred the following costs: Barnard produced and sold 10,000 units at a price of 31 each. 2-13Refer to the information for Barnard Company above. Prime cost per unit is a. 7.00. b. 20.00. c. 15.00. d. 5.00. e. 27.60.
Ellerson Company provided the following information for the last calendar year: During the year, direct materials purchases amounted to 278,000, direct labor cost was 189,000, and overhead cost was 523,000. During the year, 100,000 units were completed. Refer to Exercise 2.21. Last calendar year, Ellerson recognized revenue of 1,312,000 and had selling and administrative expenses of 204,600. Required: 1. What is the cost of goods sold for last year? 2. Prepare an income statement for Ellerson for last year.
Mcdale Inc. produces and sells two products. Data concerning those products for the most recent month appear below: Product 149V Product Z5OU Sales $ 40,000 $ 45,000 Variable expenses $ 12,800 $ 28,850 The fixed expenses of the entire company were $38,940. The break-even point for the entire company is closest to: Multiple Choice $76,353 $38,940 $80,590 $46,060
1. Rierson Inc. produces and sells two products. Data concerning those products for the most recent month appear below. The fixed expenses of the entire company were $17,730. The break-even point for the entire company is closest to: Product T77G Product 129C $14,000 Sales S19.000 $9.340 Variable expenses.. $5.180 a. $15,270 b. $31,661 C. $17,730 d. $32,250 2. The excess or deficiency of cash available over disbursements on the cash budget is calculated as follows: a. The beginning balance less the expected cash receipts less the expected cash disbursements. b. None of these, C. The cash available less the expected cash receipts plus the expected cash disbursements. d. The beginning balance plus the expected cash receipts less the expected cash disbursements. 3. Below are the importance of a budget, except: a. basis for performance evaluation. b. resource allocation. C. manipulation of financial results. d. motivation for employees to achieve more than the budgeted target. 4. What are…
The Abigail Company produces and sell two products, X and Y. Cost and revenue data on the products follow: Product X Product Y P24 Selling price per unit Variable cost per unit Contribution margin per unit P20 12 6. P8 P18 In the most recent month, the company sold 400 units of Product X and 800 units of Product Y. Fixed expenses are P10,000 per month. REQUIRED: 1. Prepare a comparative income statement for both products on the most recent monthly projections. 2. Compute the company's overall monthly break-even point in peso sales.
Rite Aid Corporation produces and sells two products. Data concerning those products for the most recent month appear below: Product A Product B Sales $ 46,000 $ 27,000 Variable expenses $ 13,800 $ 14,670 Fixed expenses for the entire company were $42,550 The break-even $ for product A is closest to (rounding off the decimal): A. $25,809 B. $71,020 C. $69,754 D. $43,945 12
Dietrick Corporation produces and sells two products. Data concerning those products for the most recent month appear below: Product B32L $ 46,000 Sales $ 27,000 Variable expenses $ 13,800 $ 14,670 Fixed expenses for the entire company were $42,550. The break-even point for the entire company is closest to: Note: Round your intermediate calculations to 2 decimal places. Product K84B
Joson Incorporated produces and sells two products. Data concerning those products for the most recent month appear below: Product A Product B Sales $ 30,000 $ 35,000 Variable expenses $ 11,800 $ 26,550 The fixed expenses of the entire company were $39,160. The break-even point for the entire company is closest to:
The following monthly data are available for the Phelps Company: Product A Product B $150,000 $130,000 Variable expenses $91,000 $104,000 Contribution margin $59,000 $26,000 Fixed expenses Operating income The break-even sales for the month for the company are: Sales Select an answer and submit. For keyboard navigation, use the up/down arrow keys to select an answer. a $203,000 Product C $90,000 $27,000 $63,000 foonnnn. Total $370,000 $222,000 $148,000 $55,000

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