Current Attempt in Progress Vin Diesel owns the Fredonia Barber Shop. He employs four barbers and...
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Current Attempt in Progress Vin Diesel owns the Fredonia Barber Shop. He employs four barbers and pays each a base salary of $1,250 per month. One of the barbers serves as the manager and receives an extra $500 per month. In addition to the base salary, each barber also receives a commission of $4.50 per haircut. Other costs are as follows. Advertising $200 per month Rent $1,100 per month Barber supplies $0.30 per haircut Utilities $175 per month plus $0.20 per haircut Magazines $25 per month Vin currently charges $10 per haircut. Prepare a CVP graph, assuming a maximum of 1,800 haircuts in a month. Use increments of 300 haircuts on the horizontal axis and $3,000 on the vertical axis. (c) B I U T I H W 99 MT T The controller of Hall Industries has collected the following monthly cost data for use in analyzing the behavior of maintenance costs. Month Total Maintenance Costs Total Machine Hours January $2,640 3,500 February 3,000 4,000 March 3,600 6,000 April 4,500 7,900 May 3,200 5,000 June 4,620 8,000 (b) Prepare a graph showing the behavior of maintenance costs and identify the fixed-cost and variable-cost components. Use 2,000-hour increments and $1,000 cost increments. B I U T T Ix !!! III 99 T Jorge Company bottles and distributes B-Lite, a diet soft drink. The beverage is sold for 50 cents per 16-ounce bottle to retailers. For the year 2022, management estimates the following revenues and costs. Sales $1,800,000 Selling expenses-variable $70,000 Direct materials 430,000 Selling expenses-fixed 65,000 Direct labor 360,000 Administrative expenses-variable 20,000 Manufacturing overhead-variable 380,000 Administrative expenses-fixed 60,000 Manufacturing overhead-fixed 280,000 Prepare a CVP income statement for 2022 based on management's estimates. (Round per unit answers to 3 decimal places, e.g. 0.251.) Sales Variable Expenses JORGE COMPANY CVP Income Statement (Estimated) For the Year Ending December 31, 2022 $ Total Per Unit $ 1800000 Current Attempt in Progress Vin Diesel owns the Fredonia Barber Shop. He employs four barbers and pays each a base salary of $1,250 per month. One of the barbers serves as the manager and receives an extra $500 per month. In addition to the base salary, each barber also receives a commission of $4.50 per haircut. Other costs are as follows. Advertising $200 per month Rent $1,100 per month Barber supplies $0.30 per haircut Utilities $175 per month plus $0.20 per haircut Magazines $25 per month Vin currently charges $10 per haircut. Prepare a CVP graph, assuming a maximum of 1,800 haircuts in a month. Use increments of 300 haircuts on the horizontal axis and $3,000 on the vertical axis. (c) B I U T I H W 99 MT T The controller of Hall Industries has collected the following monthly cost data for use in analyzing the behavior of maintenance costs. Month Total Maintenance Costs Total Machine Hours January $2,640 3,500 February 3,000 4,000 March 3,600 6,000 April 4,500 7,900 May 3,200 5,000 June 4,620 8,000 (b) Prepare a graph showing the behavior of maintenance costs and identify the fixed-cost and variable-cost components. Use 2,000-hour increments and $1,000 cost increments. B I U T T Ix !!! III 99 T Jorge Company bottles and distributes B-Lite, a diet soft drink. The beverage is sold for 50 cents per 16-ounce bottle to retailers. For the year 2022, management estimates the following revenues and costs. Sales $1,800,000 Selling expenses-variable $70,000 Direct materials 430,000 Selling expenses-fixed 65,000 Direct labor 360,000 Administrative expenses-variable 20,000 Manufacturing overhead-variable 380,000 Administrative expenses-fixed 60,000 Manufacturing overhead-fixed 280,000 Prepare a CVP income statement for 2022 based on management's estimates. (Round per unit answers to 3 decimal places, e.g. 0.251.) Sales Variable Expenses JORGE COMPANY CVP Income Statement (Estimated) For the Year Ending December 31, 2022 $ Total Per Unit $ 1800000
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Managerial Accounting Tools For Business Decision Making
ISBN: 9781119754053
9th Edition
Authors: Jerry J Weygandt, Paul D Kimmel, Jill E Mitchell
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