Sheridan Express Co. produces wooden crates used for shipping products by ocean liner. In 2025....

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Accounting

Sheridan Express Co. produces wooden crates used for shipping products by ocean liner. In 2025. Sheridan Express incurred the following costs.
Wood used in crate production
$57,000
Nails (considered insignificant and a variable expense)
$450
Direct labor
$40,500
Utilities for the plant:
$1,500 each month,
plus $0.50 for each kilowatt-hour used each month
Rent expense for the plant for the year
$22,500
Assume Sheridan Express used an average 800 kilowatt-hours each month over the past year.
(a) What is Sheridan Express's total manufacturing cost if it uses a variable costing approach?
Total manufacturing costs
$
(b) What is Sheridan Express's total manufacturing cost if it uses an absorption costing approach?
Total manufacturing costs
$
Blossom provides emironmentally friendly lawn services for homeowners. Its operating costs are as follows.
\table[[Depreciation (stralgh-line),$1,500,per month],[Advertising,$350,per month],[Insurance,$3,610,per month],[Weed and feed materials,$20,per lawn],[Direct labor,$7,per lawn],[Fuel,$1,per lawn]]
Blossom charges $80 per treatment for the average single-family lawn For the month ended July 31,2025, the company had total sales of $9,600.
(a)
Your Answer
Correct Answer
Your answer is partially correct.
Prepare a CVP income statement for the month ended July 31,2025.
(b)
Delermive the comparys's breake even point in (1) number of lawnos serviced per month and (2) sales dollars.
(1) Break-evenpoint in lawns
(12) Break-even point indollars
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