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Wang Co. manufactures and sells a single product that sells for $250 per unit; variable...

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Accounting

Wang Co. manufactures and sells a single product that sells for $250 per unit; variable costs are $145 per unit. Annual fixed costs are $873,600. Current sales volume is $4,280,000. Compute the break-even point in dollars.

Multiple Choice

  • $1,940,224.

  • $1,512,232.

  • $2,813,824.

  • $4,286,025.

  • $2,080,000.

Using the information below, calculate cost of goods sold for the period:

Sales revenues for the period $ 1,319,000
Operating expenses for the period 254,000
Finished Goods Inventory, January 1 51,000
Finished Goods Inventory, December 31 56,000
Cost of goods manufactured for the period 555,000

Multiple Choice

  • $799,000.

  • $515,000.

  • $804,000.

  • $403,000.

  • $550,000.

Kent Co. manufactures a product that sells for $62.00 and has variable costs of $36.00 per unit. Fixed costs are $299,000. Kent can buy a new production machine that will increase fixed costs by $13,000 per year, but will decrease variable costs by $4.00 per unit. Compute the contribution margin per unit if the machine is purchased.

Multiple Choice

  • $22.00.

  • $30.00.

  • $26.00.

  • $40.00.

  • $35.00.

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