Print House, Inc. manufactures and sells laser jet printers at $1,400 each. The variable cost of each
Question:
Print House, Inc. manufactures and sells laser jet printers at $1,400 each. The variable cost of each printer totals $1,000, while the total annual fixed cost is $300,000. The company sold 1,250 units in 2017.
Necessary ;
a) The company's profit for 2017.
b) The company's breakeven point in units and dollars.
c) The company's 2017 sales revenues.
d) The company's margin of safety in units, dollars and percent?
S.2)
Sun Co. plans to build 20,000 lawnmowers at its factory. Fixed costs per lawnmower are $1,000,000 and variable costs are $200. What is the average cost per lawnmower?
S.3)
Fairfield Company management has budgeted the below amounts for the next fiscal year:
Total fixed expenses | 750.000 $ |
unit selling price | 40 dollars |
Variable expenses per unit | 25 dollars |
If Fairfield Company increases variable expenses by $1 and decreases fixed expenses by $50,000, how will breakeven sales in units be affected?
S.4)
Excellent Company sells accounting textbooks. The following information summarizes the company's 2017 operating expenses:
January 1, 2017 initial goods inventory $10,000
31 December 2017 ending stock 7,000
97,000 purchases
Sales and Management Expenses 63,000
Sales Revenue $180,000
What is gross profit?
Managerial Accounting Creating Value In A Dynamic Business Environment
ISBN: 9781264100699
13th Edition
Authors: Ronald Hilton, David Platt