Showing 631 to 640 of 2393 Questions

For Lodes Company, the relevant range of production is 40–80% of capacity. At 40% of capacity, a variable cost is $4,000 and a fixed cost is $6,000. Diagram the behavior of each cost within the relevant range assuming the behavior is linear.
251019 
For Hunt Company, a mixed cost is $15,000 plus $18 per direct labor hour. Diagram the behavior of the cost using increments of 500 hours up to 2,500 hours on the horizontal axis and increments of $15,000 up to $60,000 on the vertical axis.
8278 
Bruno Company accumulates the following data concerning a mixed cost, using miles as the activity level.Compute the variable and fixedcost elements using the highlowmethod.
25648 
Stiever Corp. has collected the following data concerning its maintenance costs for the past 6 months.Compute the variable and fixedcost elements using the highlowmethod.
41229 
Radial Inc. had sales of $2,400,000 for the first quarter of 2014. In making the sales, the company incurred the costs and expenses shown belowPrepare a CVP income statement for the quarter ended March 31,2014.
10857 
Rice Company has a unit selling price of $520, variable costs per unit of $286, and fixed costs of $163,800. Compute the breakeven point in units using (a) The mathematical equation and (b) Contribution margin per unit.
15582 
Acorn Corp. had total variable costs of $180,000, total fixed costs of $170,000, and total revenues of $300,000. Compute the required sales in dollars to break even.
17718 
For Flynn Company, variable costs are 70% of sales, and fixed costs are $195,000. Management’s net income goal is $75,000. Compute the required sales in dollars needed to achieve management’s target net income of $75,000. (Use the contribution margin approach.)
16899 
For Stevens Company, actual sales are $1,000,000 and breakeven sales are $840,000. Compute (a) The margin of safety in dollars and (b) The margin of safety ratio.
7391 
Deines Corporation has fixed costs of $480,000. It has a unit selling price of $6, unit variable costs of $4.40, and a target net income of $1,500,000. Compute the required sales in units to achieve its target net income.
16690