Sheffield Enterprises purchased 54,000 gallons of direct materials during the year at a price of $2.00 per gallon. Sheffield's direct materials price variance was $4,320 Favorable. Calculate the standard price per gallon of direct materials. (Round answer to 2 decimal places, e.g. 15.25.) Standard price $ /gal
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- During the month of August, Amer Corporation produced 12,000 units and sold them for P20 per unit. Total fixed cost for the period were P 154,000, and the operating profit was P 26,000. 9. Based on the foregoing information, the variable cost per unit is a. P 4.50 b. P 5.00 с. Р 6.00 d. P 7.17 Data to be used in applying the high-low method shows the highest cost of P69,000 and the lowest cost of P52,000. The data show P148,000 as the highest level of sales and P97,000 as the lowest level. 10. What is the variable cost per peso sales? c. P 0.54 d. P 3.00 a. P 0.33 h. P 0.471. The selling price of the sole product of Namor Inc. last year is P30 and the company earns a per-unit gross profit of P10. The number of units sold by the company this year is 20% more than the prior-year level of 15,000. What is the cost volume variance under the 4-way analysis?. 2. Segrop Inc. has a total asset balance composed of 30% current and 70% non-current. The total amount of liabilities that will be due within one year is P1,200,000 and it accounts for 40% of all the liabilities of the company. If the equity ratio of Segrop Inc. is 75%, how much are the total assets of the company?ABC Company manufactures the product XE-17. The product is sold at a unit price of $70.Variable expenses are $13.50 per unit and fixed expenses are $220,000 per year.Required :a. What should be the product’s CM ratio? b. Calculate the BEP is sales dollars and in units for ABC Company. c. The manager of ABC company estimates that in the coming year, the company’s sales willincrease by $80,000 (from the current sales). How much should the net profit / loss increase/decrease if the fixed costs remain constant? d. The manager of ABC company predicts that by spending an additional $80,000 per year onadvertising and using higher quality raw material (which will in turn increase the raw materialcost per unit by $3), and increasing selling price per unit by 2% (to compensate for theincreased costs), unit sales will increase by two- thirds of the current sales units. Should thecompany go with the manager’s proposed plan? Explain your answer. (Assume that in thecurrent year, the company sold…
- ABC Company manufactures the product XE-17. The product is sold at a unit price of $70.Variable expenses are $13.50 per unit and fixed expenses are $220,000 per year.Required :a. What should be the product’s CM ratio? b. Calculate the BEP is sales dollars and in units for ABC Company. c. The manager of ABC company estimates that in the coming year, the company’s sales willincrease by $80,000 (from the current sales). How much should the net profit / loss increase/decrease if the fixed costs remain constant? d. The manager of ABC company predicts that by spending an additional $80,000 per year onadvertising and using higher quality raw material (which will in turn increase the raw materialcost per unit by $3), and increasing selling price per unit by 2% (to compensate for theincreased costs), unit sales will increase by two- thirds of the current sales units. Should thecompany go with the manager’s proposed plan? Explain your answer. (Assume that in thecurrent year, the company sold…During the Year the total marbles sold by AMP Ltd. are 6,000 and Profit at this level of Sales is $ 20,000. The Margin of Safety Sales is $ 60,000. The total Fixed Expenses for the year is one-third of the year's Break Even Sales. Find out the Total Variable Cost and Variable Cost per unit if the Selling Price is $ 30.00 per marble. Variable Cost = $ 120,000 ; Variable Cost per unit = $ 20.00 Variable Cost = $ 114,000 ; Variable Cost per unit = $ 19.00 Variable Cost = $ 111,000 ; Variable Cost per unit = $ 18.50 O Variable Cost = $ 117,000 ; Variable Cost per unit = $ 19.50Assume the following: . The standard price per pound Is $2.00. . The standard quantity of pounds allowed per unit of finished goods Is 4 pounds. The actual quantity of materlals purchased and used In production Is 50,000 pounds. The materlals price varlance is $12,000 U. • The company produced 13,000 units of finished goods during the period. The actual price per pound of direct materlals Is closest to: Multiple Choice $2.24 $214. $1.74. $1.84.
- A company has a linear total cost function and has determined that over the next three months it can produce12,000 units at a total cost of $224; 000. This same manufacturer can produce 18,000 units at a total cost of$296; 000. The selling price per unit is $13.25.i. Determine the revenue, cost and prot functions using q for number of units.ii. What is the xed cost ?iii. What is the marginal cost ?iv. Find the break-even quantity.v. What is the break-even dollar volume of sale ?vi. What will prot be if the company shuts down operation?vii. If, because of a strike, the company will be able to produce only 10,000 units, should it shut down for the nextthree months ? why or why not ?Big Chill, Inc. sells portable dehumidifier units at $193. Unit variable costs are $110. Fixed costs are $4,175,000. Management has set a profit objective of 15.1% return on sales. Calculate the sales volume in dollars that will provide a 15.1% return on sales. Round your answer to the nearest dollar .Gardner Company sells a product for $65 per unit. Variable costs are $30 per unit, and fixed costs are $1,200 per month. The company expects to sell 610 units in September. Calculate the contribution margin per unit, in total, and as a ratio. Calculate the contribution margin per unit. Select the formula labels and then enter the amounts to compute the contribution margin per unit. _______________ -. ____________ = Contribution margin per unit
- Sooner Industries charges a price of $88 and has fixed cost of $301,000. Next year, Sooner expects to sell 15,600 units and make operating income of $172,000. What is the variable cost per unit? What is the contribution margin ratio? Note: Round your variable cost per unit answer to the nearest cent. Enter the contribution margin ratio as a percentage, rounded to two decimal places.Help meGiven the following information for a product: Direct labor hours: 0.25 hour/unit Direct labor costs: $20/hour Direct materials cost: S5/unit Overhead costs: 110% of direct labor Packaging and shipping: $2/unit Desired profit margin: 2096 of the total cost Suppose that a market survey has shown that the best competitor's selling price for the product is $19.50 per unit. After conducting a value engineering study, It was found that the material cost is high and another equal and less expensive material can be used to achieve the required target cost. What should the material cost per unit be to achieve the required target cost for the product?