Gladstorm Enterprises sells a product for $52 per unit. The variable cost is $38 per...

50.1K

Verified Solution

Question

Accounting

Gladstorm Enterprises sells a product for $52 per unit. The variable cost is $38 per unit, while fixed costs are $10,150.

Determine the break-even point in sales units. Round answer to the nearest whole number. units

Determine the break-even point in sales units if the selling price was increased to $63 per unit. Round answer to the nearest whole number. units

The manufacturing cost of Mocha Industries for three months of the year are provided below:

Total Cost

Production

April

$63,100

1,100 Units

May

80,740

1,800

June

100,900

2,600

Using the high-low method, determine the (a) variable cost per unit, and (b) the total fixed costs. Round your answers to two decimal places.

a. Variable cost per unit

$

per unit

b. Total fixed costs

$

Given the following information:

Variable cost per unit

=

$5.00

July fixed cost per unit

=

$7.00

Units sold and produced in July

=

28,000

What is total estimated cost for August if 30,000 units are projected to be produced and sold? $

Safari Co. sells two products, Orks and Zins. Last year, Safari sold 21,000 units of Orks and 14,000 units of Zins. Related data are:

Product

Unit Selling Price

Unit Variable Cost

Unit Contribution Margin

Orks

$120

$80

$40

Zins

80

60

20

Calculate the following:

a. Safari Co.'s sales mix

Orks:

%

Zins:

%

b. Safari Co.'s unit selling price of E?

$

c. Safari Co.'s unit contribution margin of E?

$

d. Safari Co.'s break-even point assuming that last year's fixed costs were $160,000

units

Copper Hill Inc. manufactures laser printers within a relevant range of production of 70,000 to 100,000 printers per year. The following partially completed manufacturing cost schedule has been prepared:

Complete the following cost schedule: Round your answers to two decimal places.

Number of Printers Produced

70,000

90,000

100,000

Total costs:

Total variable costs

$350,000

$

$

Total fixed costs

630,000

$

$

Total costs

$980,000

$

$

Cost per unit:

Variable cost per unit

$

$

$

Fixed cost per unit

$

$

$

Total cost per unit

$

$

$

Global Publishers has collected the following data for recent months:

Month

Issues published

Total cost

March

20,500

$21,190

April

21,800

22,464

May

17,750

18,495

June

21,200

21,876

Required:

a. Using the high-low method, find variable cost per unit, total fixed costs, and complete the formula to calculate the total cost. Round the variable cost to two decimal places.

Variable cost per unit

per unit

Total fixed costs

$

Total cost

=

$

+

($

x

number of issues published)

b. What is the estimated cost for a month in which 19,000 issues are published? $

Blane Company has the following data:

Total sales

$800,000

Total variable costs

$300,000

Fixed costs

$200,000

Units sold

50,000

units

What will operating income be if units sold double to 100,000 units? $

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students