Question: Bramble Corp. sells 200000 units for $12 a unit. Fixed costs are $350000 and net income is $250000. What should be reported as variable expenses

Bramble Corp. sells 200000 units for $12 a unit. Fixed costs are $350000 and net income is $250000. What should be reported as variable expenses in the CVP income statement?

Step by Step Solution

★★★★★

3.36 Rating (146 Votes )

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock

Variable Expenses 1 800 000 Workings Net Income Contribution ... View full answer

Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock

Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!

What expenses should be reported as separate line items instead of being classified by function in the government-wide Statement of Activities?

Christine Agazzi says, Retained earnings should be reported as an asset, since it is earnings which are reinvested in the business. How would you respond to Agazzi?

Explain why P(X 30) should be reported as

MCQ: A- Variable costs for Swifty Corporation are 20% of sales. Its selling price is $100 per unit. If Swifty sells one unit more than break-even units, how much will profit increase? $500 $80 $40...

Concord Corporation sells 110000 wrenches for $24 per unit. Fixed costs are $700000 and net income is $500000. What should be reported as variable expenses in the CVP income statement? $1440000...

Sivenchy Company sells 100,000 wrenches for $18 per unit. Fixed costs are $625,000 and net income is $375,000. What should be reported as variable expenses in the CVP income statement? a. $1,000,000...

A firm was created to undertake a project which required an initial cash outlay of $3 million and a $25,000 increase in working capital. The product sells $75 per unit. Anticipated demand is 10,000...

Use the following to answer question 1: Nielson Corp. sells its product for $6,600 per unit. Variable costs per unit are: manufacturing. $3,.600 ,000 manufacturing overhead, and $24,000 selli was no...

answer show solution 60% 146, 00 40% Problem 4/Comprehensive Exercise): Baguio, Inc. produces only one product, berry baskets, low, 40% of which it sells for P72 each. Unit variable costs are P32 and...

Answer the required questions, effortless answers will be downvoted Case #3 Telcos Inc. manufacturers a single product which sells for $80.00 per unit. Per-unit costs are as follows: Direct materials...

Consider a consumer who lives for two periods. His utility is a function of consumption levels in periods 1 and 2 and is given by U(c1, c2) = clc2. His income in periods 1 and 2 are given by yl = y2...

Divide into two groups, and prepare arguments for and against the following behavior: My friend works for a company that manages fund-raising events for non profit organizationsmostly gala benefits...

The marginal profit of a product is given by P ' ( x ) = 6 - 0 . 0 5 7 e 0 . 4 x dollars per item, where x is the number of items produced and sold. Find the profit for the first 1 1 items. Round...

Axillar Beauty Products Corporation is considering the production of a new conditioning shampoo which will require the purchase of new mixing machinery. The machinery will cost $375,000, is expected...

A Rs 1000 bond matures in 20 years and offers a 9 % coupon rate. the required rate of return is 11%. compute the bound's value.

The accountant for Camberwell Ltd. has developed the following information regarding the company's defined benefit pension plan for calendar 2014: Service...

5. A 3-0 supply, with an effective line voltage of 240 V, has an unbalanced A-connected load with ZAB = 25/90 2, ZBC = 15/30 2 and ZCA = 20/0 2. Find (a) the effective values of the phase currents....

How to study the regulatory function of Non coding RNAs?

Transfer of title deeds is a function wherein silence signals acceptance of the offer. Group of answer choices True False

Question 7 Sunland Company has a product with a selling price per unit of $300, the unit variable cost is $210, and the total monthly fixed costs are $300000. How much is Sunland's contribution...

1. 2. Fixed costs are $ 3600000 and the unit contribution margin is $ 100. What is the break-even point? 9000 units $ 9000000 $3600000 36000 units Bramble Corp. sells a product with a contribution...

The following information was available from the inventory records of Bramble Corp. for January: Units Unit Cost Total Cost Balance at January 1 9100 $9.70 $88270 Purchases: January 6 5800 10.21...

Bramble Corp. had 165 units in beginning inventory at a total cost of $ 19,800. The company purchased 330 units at a total cost of $ 44,550. At the end of the year, Bramble had 90 units in ending...

Thats all the info given 20 of 30 - 70.4 = View Policies Current Attempt in Progress Bramble Corp. had 610 units of "Dink" in its inventory at a cost of $13 each. It purchased 900 more units of Dink...

. Bramble Corp. sells its product for $60 per unit. During 2019, it produced 60000 units and sold 50000 units (there was no beginning inventory). Costs per unit are: direct materials $13, direct...