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Accounting
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Evan's Electronics Boutique sells a digital camera. The following information was reported for the digital camera last month:
Sales | $ 17,600 |
---|---|
Variable expenses | 9,680 |
Contribution margin | 7,920 |
Fixed expenses | 3,600 |
Net operating income | $ 4,320 |
Evan's margin of safety in dollars and percentage are closest to:
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Farris Corporation, which has only one product, has provided the following data concerning its most recent month of operations:
Selling price | $148 |
---|---|
Units in beginning inventory | 0 |
Units produced | 9,400 |
Units sold | 9,000 |
Units in ending inventory | 400 |
Variable costs per unit: | |
---|---|
Direct materials | $ 27 |
Direct labor | $ 69 |
Variable manufacturing overhead | $ 15 |
Variable selling and administrative expense | $ 19 |
Fixed costs: | |
Fixed manufacturing overhead | $141,000 |
Fixed selling and administrative expense | $ 9,700 |
What is the net operating income for the month under absorption costing?
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Corbel Corporation has two divisions: Division A and Division B. Last month, the company reported a contribution margin of $40,200 for Division A. Division B had a contribution margin ratio of 45% and its sales were $204,000. Net operating income for the company was $31,400 and traceable fixed expenses were $52,800. Corbel Corporation's common fixed expenses were:
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At an activity level of 8,400 units in a month, Braughton Corporations total variable maintenance and repair cost is $697,284 and its total fixed maintenance and repair cost is $464,100. What would be the total maintenance and repair cost, both fixed and variable, at an activity level of 8,500 units in a month? Assume that this level of activity is within the relevant range
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At an activity level of 9,100 machine-hours in a month, Falks Corporations total variable production engineering cost is $803,530 and its total fixed production engineering cost is $161,280. What would be the total production engineering cost per machine-hour, both fixed and variable, at an activity level of 9,600 machine-hours in a month? Assume that this level of activity is within the relevant range.
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