Dollywood Corporation accumulates the following data concerning a mixed cost, us
ID: 2374549 • Letter: D
Question
Dollywood Corporation accumulates the following data concerning a mixed cost, using miles as the activity level.
Instructions
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Determine the missing amounts.
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?? 2 ??
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?? 5 ??
?? 6 ??
Do NOT use dollar sign or % sign in your answers. Round to whole dollars, not decimal place.
Ferris, Inc. has a unit selling price of $500, variable cost per unit of $300, and fixed costs of $240,000.
Instructions
1. Compute the break-even point in units.
2. Compute the break-even point in sales dollars.
Round answer to whole numbers and do NOT use dollar signs or comma's.
Archer Industries sells three different sets of sportswear. Sleek sells for $30 and has variable costs of $18; Smooth sells for $50 and has variable costs of $30; Potent sells for $80 and has variable costs of $45. The sales mix of the three sets is: Sleek, 50%; Smooth, 30%; and Potent, 20%.
Instructions
What is the weighted-average unit contribution margin?
Round to whole dollars, no comma's or dollar signs.
The beginning cash balance is $15,000. Sales are forecasted at $600,000 of which 80% will be on credit. 70% of credit sales are expected to be collected in the year of sale. Cash expenditures for the year are forecasted at $375,000. Accounts Receivable from previous accounting periods totaling $9,000 will be collected in the current year. The company is required to make a $15,000 loan payment and an annual interest payment on the last day of every year. The loan balance as of the beginning of the year is $90,000, and the annual interest rate is 10%.
Instructions
Compute the excess of cash receipts over cash disbursements.
Round to whole dollars, no dollar signs, no comma's.
Pitt Corp. makes and sells a single product, widgets. Three pounds of sand are needed to make one widget. Budgeted production of widgets for the next few months follows:
The company wants to maintain monthly ending inventories of sand equal to 20% of the following month's production needs. On August 31, 15,000 pounds of sand were on hand.
Miles Driven
Total Cost
Miles Driven
Total Cost
January
10,000
$30,000
March
9,000
$25,000
February
8,000
$29,000
April
7,500
$26,000
Explanation / Answer
variable cost=(30000-26000)/(10000-7500)=1.6
fixed cost=30000-(1.6*10000)=14000
variable cost=10000*1.6=16000
question 17
1.contribution margin per unit=300-180=120
2.contributon margin ratio=120/300)*100=40%
3.unit variable cost=600-210=390
4.cm ratio=210/600)*100=35%
5.selling price=500/40%=1250
6.variable cost=750
question 18
break-even point in units=240000/500-300=1200
break-even point in sales=240000/40%=600000
qustion 19
weighted avg.=12*50%+20*30%+35*20%=19
question 20
excess cash receipt=600000+15000+9000-375000-15000-9000
=225000
question 21
purchase=15000/20%=75000
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