Henna Company produces and sells two products, Carvings and Mementos. It manufactures these products in separate...
Fantastic news! We've Found the answer you've been seeking!
Question:
Transcribed Image Text:
Henna Company produces and sells two products, Carvings and Mementos. It manufactures these products in separate factories and markets them through different channels. They have no shared costs. This year, the company sold 49,000 units of each product. Income statements for each product follow. Sales Variable costs Contribution margin Fixed costa Carvings $ 837,900 670,320 167,580 30,580 $ 137,000 Mementos $ 837,900 83,790 754,110 617,110 $ 137,000 Income Required: 1. Compute the break-even point in dollar sales for each product. (Enter CM ratio as percentage rounded to 2 decimal places.) Henna Company produces and sells two products, Carvings and Mementos. It manufactures these products in separate factories and markets them through different channels. They have no shared costs. This year, the company sold 49,000 units of each product. Income statements for each product follow. Sales Variable costs Contribution margin Fixed costa Carvings $ 837,900 670,320 167,580 30,580 $ 137,000 Mementos $ 837,900 83,790 754,110 617,110 $ 137,000 Income Required: 1. Compute the break-even point in dollar sales for each product. (Enter CM ratio as percentage rounded to 2 decimal places.)
Expert Answer:
Answer rating: 100% (QA)
E19 fe A19C19 A E Product Carvings Contribution margin ... View the full answer
Related Book For
Fundamental Accounting Principles
ISBN: 978-0077862275
22nd edition
Authors: John Wild, Ken Shaw, Barbara Chiappetta
Posted Date:
Students also viewed these accounting questions
-
The Prestige Office Equipment Company produces and sells different types of office furniture. One of the important items it sells is a high-quality desk. During the past year, Prestige sold 5,000 of...
-
The Tech Mech Company produces and sells 6,000 modular computer desks per year at a selling price of $500 each. Its current production equipment, purchased for $1,500,000 and with a five-year useful...
-
Henna Company produces and sells two products, Carvings and Mementos. It manufactures these products in separate factories and markets them through different channels. They have no shared costs. This...
-
An airplane has a ground velocity of 4 0 0 km / h , [ N 6 0 W ] . The plane is affected by a 9 0 km / h wind which is coming from the direction [ N 8 0 E ] . Determine the magnitude and the direction...
-
Consider the Triple Creek Golf Complex discussed in Problem 25.1B. The manager of the Restaurants Department complains that sales and resulting earnings for the restaurants are not higher due to the...
-
Suppose a survey is conducted using a telephone survey method. The survey is conducted from 9 a.m. to 11 a.m. on Tuesday. Indicate what potential problems the data collectors might encounter.
-
Using your analysis from P11-8A, prepare the stockholders' equity section of the Black Corporation's balance sheet. Problem P11-8A The stockholders' equity of Black Corporation at January 1 follows:...
-
Solve the following linear programming problem graphically: Maximize profit = 4X + 6Y Subject to: X + 2Y 8 5X + 4Y 20 X,Y 0
-
The following information is available for Crane Company for 2025: Account Inventory (beginning) Purchases Freight-in Purchase Discounts and Returns Sales Revenue Sales Returns Debit Credit $69800...
-
Ohio Swiss Milk Products manufactures and distributes Ice cream in Ohio, Kentucky and West Virginia. The company wants to expand operations by locating another plant in northern Ohio. The size of the...
-
Marie Fortin is a 42 year-old employee in Ontario. She is paid an annual salary of $59,000 on a weekly basis, and vacation at 6% is paid with each pay. In addition to the salary she receives a car...
-
You are the newly-appointed engineer/scientist recruited to improve management and control of the operation of the water treatment plant of a city. The city obtains raw water from a dam and the water...
-
Moss Co. issued $590,000 of five-year, 11% bonds, with interest payable semiannually, at a market (effective) interest rate of 10%. Determine the present value of the bonds payable using the present...
-
Determine how to calculate individual or household income after taxes. What is included in gross income?
-
Job Order Costing vs. Process Costing In this discussion we analyze job order costing versus process costing. To do this please create a response that answers the following questions: What type of...
-
Jane is an American medical resident who is doing a 6 - week rotation in a hospital clinic in the Middle East. During her stay, she and another medical resident, Ryan have become friends. They live...
-
Find the probability that falls in the shaded area. 1 30 f(x) X 30 0 4 16
-
Proposals have been made to ?sail? spacecraft to the outer solar system using the pressure of sunlight, or even to propel interstellar spacecraft with high-powered, Earth-based lasers. Sailing...
-
At the end of May, the sales journal of Mountain View appears as follows. Mountain View also recorded the return of defective merchandise with the following entry. Required 1. Open an accounts...
-
Perez Company acquires an ore mine at a cost of $1,400,000. It incurs additional costs of $400,000 to access the mine, which is estimated to hold 1,000,000 tons of ore. The estimated value of the...
-
Niner Bikes, as discussed in the chapter opener, uses a costing system with standard costs for direct materials, direct labor, and overhead costs. Two comments frequently are mentioned in relation to...
-
Summarized data for the first month's operations of Slater Foundry during 2019 are presented below. A job order costing system is used. 1. Materials purchased on account, \($88,000\). 2. Amounts of...
-
Following are certain operating data for Redwood Manufacturing Company for January 2019: Total sales were \($2,000,000\), on which the company earned a 40% gross profit. Redwood uses a predetermined...
-
Elizabeth Flanigan and Associates is an engineering and design firm that specializes in developing plans for recycling plants for municipalities. The firm uses a job costing system to accumulate the...
Study smarter with the SolutionInn App