Gerhard plans to make and sell ball caps at the Blue Jay's game. Expected sales Selling...
Fantastic news! We've Found the answer you've been seeking!
Question:
Transcribed Image Text:
Gerhard plans to make and sell ball caps at the Blue Jay's game. Expected sales Selling price Direct material Direct labour Variable overhead Variable selling commission Fixed sell. & admin. expense Fixed factory overhead 5,000 $20 $8 $4 $2 $1 $800 $800 units What is the total fixed costs? per cap per cap per cap per cap per cap total Using the above information answer the following questions. total What is the total variable cost per unit? What is the variable cost ratio? What is the contribution margin per unit? A What is the contribution margin ratio? HINT: Remember the entry rules for percentages. A What is the break-even number of ball caps? What is the break-even in sales dollars? A/ HINT: Remember the entry rules for percentages. A The company would like to earn a target income of $4,000. How many ball caps will the company have to sell in order to earn this target income? The company would like to earn a target income of $4,000. The total sales revenue required to earn an income this target income is $___ A Gerhard plans to make and sell ball caps at the Blue Jay's game. Expected sales Selling price Direct material Direct labour Variable overhead Variable selling commission Fixed sell. & admin. expense Fixed factory overhead 5,000 $20 $8 $4 $2 $1 $800 $800 units What is the total fixed costs? per cap per cap per cap per cap per cap total Using the above information answer the following questions. total What is the total variable cost per unit? What is the variable cost ratio? What is the contribution margin per unit? A What is the contribution margin ratio? HINT: Remember the entry rules for percentages. A What is the break-even number of ball caps? What is the break-even in sales dollars? A/ HINT: Remember the entry rules for percentages. A The company would like to earn a target income of $4,000. How many ball caps will the company have to sell in order to earn this target income? The company would like to earn a target income of $4,000. The total sales revenue required to earn an income this target income is $___ A
Expert Answer:
Answer rating: 100% (QA)
Total variable cost per unit Direct material Direct labor Variable overhead Variable selling commiss... View the full answer
Related Book For
Cost Accounting A Managerial Emphasis
ISBN: 978-0133392883
6th Canadian edition
Authors: Horngren, Srikant Datar, George Foster, Madhav Rajan, Christ
Posted Date:
Students also viewed these accounting questions
-
A regulation basketball is initially flat and is then inflated to a pressure of approximately 24 lb/in absolute. Consider the air temperature to be constant at 70 F. Find the mass of air required to...
-
Imagine, you are planning to start a new small, home-based business. You are going to make and sell a single food item . What is the food item that your business will sell? ASSUME ALL AMOUNTS AS PER...
-
Planning is one of the most important management functions in any business. A front office managers first step in planning should involve determine the departments goals. Planning also includes...
-
Who was considered the nemesis of Booker T. Washington in The Awakening of the New Negro and why?
-
H.J. Heinzs annual dividends were as follows: 1990 ..............$0.540 1991.............. 0.620 1992 .............. 0.700 1993.............. 0.780 1994 .............. 0.860 1995 .............. 0.940...
-
In Problems 89112, solve each equation. -2x 3
-
Consider the [102] model \[\begin{aligned}d S_{t} & =\mu_{S} S_{t} d t+\sqrt{Y_{t}} S_{t} d B_{t} \\d Y_{t} & =\mu_{Y} Y_{t} d t+\xi Y_{t} d W_{t}\end{aligned}\] The volatility process is...
-
The following information was taken from the accounts of Healthy Foods Market, a small grocery store at December 31, 2012. The accounts are listed in alphabetical order, and all have normal balances....
-
ACC 3305 Practice Adjusting and Closing Entries .esiring gniteuibs stings Edwards Engineering adjusts and closes its books at the end of the year to prepare financial statements. The trial balance on...
-
Determine the theoretical and actual material required to produce the part, shown in figure. Raw stock is supplied in 0.875 in. diameter. A lathe cutoff tool width is 0 125 in. A 0.015 in. stock...
-
Question 1 Ethnoarchaeology gains its insights into human behavior by examining: contemporary societies the fossil record historic records ethnicity as a biological concept Question 2 1 pts...
-
Suppose you are the key stake holder in XYZ restaurant and your management has decided to open a restaurant in China, what steps will you take to establish your restaurant in China? Which factors...
-
How do the NADH and FADH 2 that are produced in the TCA cycle get used during oxidativephosphorylation ?
-
The company had a beginning account receivable balance of $10,000. The company provided $80,000 of services on account and customers paid $70,000 of their accounts. What is the Accounts receivable...
-
Create a policy document that supports the delivery of services and programs that are culturally safe and will increase participation, such as a policy that clearly communicates a zero tolerance for...
-
What are the molecular mechanisms underlying circadian rhythms, and how do they synchronize with environmental cues to regulate physiological processes such as sleep-wake cycles and metabolism ?
-
Use the new definition of Inx from Definition 4.36 to argue that (a) Inx has domain (0,00) and range IR. (b) e has domain R and range (0, o).
-
When the Department of Homeland Security created a color-coded system to prepare government officials and the public against terrorist attacks, what did it do right and what did it do wrong?
-
Snappy Tiles is a small distributor of marble tiles. Snappy identifies its three major activities and cost pools as ordering, receiving and storage, and shipping, and it reports the following details...
-
Iowa Soy Products (ISP) buys soy beans and processes them into other soy products. Each tonne of soy beans that ISP purchases for $300 can be converted for an additional $200 into 500 lbs of soy meal...
-
Performance Auto Company operates a New Car Division (that sells high performance sports cars) and a Performance Parts Division (that sells performance improve ment parts for family cars). Some...
-
The von Neumann entropy satisfies a further inequality among three systems called strong subadditivity. \({ }^{20}\) As with subadditivity, strong subadditivity is only a property of the von Neumann...
-
We had stated in this chapter that the general Rnyi entropies do not satisfy subadditivity; only the von Neumann entropy does. In Example 12.2 , we constructed an explicit counterexample for the Rnyi...
-
In our analysis of hydrogen in Chap. 9, we discussed the period of recombination, the time in the history of the universe at which protons and electrons became bound and formed neutral hydrogen. We...
Study smarter with the SolutionInn App