4. Solen Corporation\'s break-even-point in sales is $940,000, and its variable
ID: 2424885 • Letter: 4
Question
4. Solen Corporation's break-even-point in sales is $940,000, and its variable expenses are 80% of sales. If the company lost $44,000 last year, sales must have amounted to:
$896,000
$852,000
$720,000
$708,000
5. Minist Corporation sells a single product for $20 per unit. Last year, the company's sales revenue was $285,000 and its net operating income was $45,500. If fixed expenses totaled $97,000 for the year, the break-even point in unit sales was:
14,250
7,125
16,525
9,700
6. The Clyde Corporation's variable expenses are 35% of sales. Clyde Corporation is contemplating an advertising campaign that will cost $23,000. If sales increase by $73,000, the company's net operating income will increase by:
$25,550
$24,450
$2,550
$62,400
7. Steeler Corporation is planning to sell 120,000 units for $3.10 per unit and will break even at this level of sales. Fixed expenses will be $108,000. What are the company's variable expenses per unit?
$0.90
$2.79
$2.20
$1.30
8. Frank Corporation manufactures a single product that has a selling price of $30.00 per unit. Fixed expenses total $36,000 per year, and the company must sell 4,000 units to break even. If the company has a target profit of $18,000, sales in units must be:
5,636
4,600
6,000
5,200
11.
A manufacturing company that produces a single product has provided the following data concerning its most recent month of operations:
Units in beginning inventory 0
Units produced 4,800
Units sold 4,700
Units in ending inventory 100
Variable costs per unit:
Direct materials $ 57
Direct labor $ 59
Variable manufacturing overhead $ 22
Variable selling and administrative $ 20
Fixed costs:
Fixed manufacturing overhead $ 100,800
Fixed selling and administrative $ 47,000
What is the variable costing unit product cost for the month?
$158 per unit
$179 per unit
$138 per unit
$143 per unit
12. Olds Inc., which produces a single product, has provided the following data for its most recent month of operations:
Number of units produced 6,900
Variable costs per unit:
Direct materials $139
Direct labor $126
Variable manufacturing overhead $7
Variable selling and administrative expense $12
Fixed costs:
Fixed manufacturing overhead $248,400
Fixed selling and administrative expense $538,200
There were no beginning or ending inventories. The absorption costing unit product cost was:
$265 per unit
$308 per unit
$272 per unit
$398 per unit
13. A company produces a single product. Variable production costs are $12.6 per unit and variable selling and administrative expenses are $3.6 per unit. Fixed manufacturing overhead totals $42,000 and fixed selling and administration expenses total $46,000. Assuming a beginning inventory of zero, production of 4,600 units and sales of 3,900 units, the dollar value of the ending inventory under variable costing would be:
$8,820
$15,120
$11,340
$6,300
14. A manufacturing company that produces a single product has provided the following data concerning its most recent month of operations:
Selling price $164
Units in beginning inventory 0
Units produced 12,100
Units sold 11,700
Units in ending inventory 400
Variable cost per unit:
Direct materials $52
Direct labor $50
Variable manufacturing overhead $7
Variable selling and administrative $4
Fixed costs:
Fixed manufacturing overhead $411,400
Fixed selling and administrative $163,800
What is the total period cost for the month under variable costing?
$411,400
$210,600
$575,200
$622,000
15. A manufacturing company that produces a single product has provided the following data concerning its most recent month of operations:
Selling price $143
Units in beginning inventory 0
Units produced 2,820
Units sold 2,770
Units in ending inventory 50
Variable cost per unit:
Direct materials $47
Direct labor $23
Variable manufacturing overhead $14
Variable selling and administrative $11
Fixed costs:
Fixed manufacturing overhead $95,880
Fixed selling and administrative expenses $19,390
The total gross margin for the month under absorption costing is:
$69,250
$19,390
$122,160
$132,960
16. Brummitt Corporation has two divisions: the BAJ Division and the CBB Division. The corporation's net operating income is $12,600. The BAJ Division's divisional segment margin is $85,600 and the CBB Division's divisional segment margin is $49,900. What is the amount of the common fixed expense not traceable to the individual divisions?
$98,200
$122,900
$62,500
$135,500
17. Koen Corporation has two divisions: Division A and Division B. Last month, the company reported a contribution margin of $41,600 for Division A. Division B had a contribution margin ratio of 45% and its sales were $271,000. Net operating income for the company was $34,000 and traceable fixed expenses were $59,100. Koen Corporation's common fixed expenses were:
$70,450
$59,100
$129,550
$163,550
18. Insider Corporation has two divisions, J and K. During March, the contribution margin in Division J was $50,000. The contribution margin ratio in Division K was 40%, its sales were $145,000, and its segment margin was $52,000. The common fixed expenses in the company were $60,000, and the company's net operating income was $28,000. The segment margin for Division J was:
$36,000
$52,000
$8,000
$88,000
Explanation / Answer
As per Chegg guidelines we answer one question per post but I have answered more than 1 question Statement showing computations Particulars Amount Q4 $720,000 BEP in Sales 940,000.00 Variable Exp@80% 752,000.00 Contribution or fixed Cost 188,000.00 Contribution Ratio = 1-80% 20% Loss 44,000.00 Total Cont Desired = FC- Loss= 188000 - 44000 144,000.00 Sales = 144,000/20% 720,000.00 Q5 9,700 Revenue 285,000.00 Fixed Expenses 97,000.00 Net operating Income 45,500.00 Total Cont = FC + Income 142,500.00 Contribution ratio = 142,500/285000 50.00% BEP in $ = FC/ Cont ratio =97000/50% 194,000.00 BEP in Units = 194000/20 9,700.00 Q6 $24,450 Sales 73,000.00 Variable expenses @35% 25,550.00 Contribution = 73000 - 25550 47,450.00 Fixed expenses 23,000.00 Income 24,450.00
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