The following pertains to Upton Co. for the year ending December 31, 2016: Budgeted Sales $1,250,000...
Fantastic news! We've Found the answer you've been seeking!
Question:
Transcribed Image Text:
The following pertains to Upton Co. for the year ending December 31, 2016: Budgeted Sales $1,250,000 Break-even Sales 750,000 650,000 225,000 Budgeted Contribution Margin Cashflow Break-even Upton's margin of safety is: (CPA adapted) $500,000. $600,000. $525,000. O $1,025,000. The following information relates to a product produced by Faulkland Company: Direct materials $15 Direct latxor 12 Varlable ovorhead 11 Fixed overhead 13 Unit cost $51 Fixed selling costs are $1,080,000 per year. Variable selling costs of S3 per unit sold are added to cover the transportation cost. Although production capacity is 580,000 units per year. Faulkland expects to produce only 180,000 units next year. The product normally sells for S56 eech. A customer has offered to buy 68.000 units for S50 eech. The customer will pey the transportation charge on the units purchased. If Feulkland accepts the special order, the effect on income would be a O $68,000 increase. O $612,000 increase. O $816 O00 increase O $108,000 decrease. The following pertains to Upton Co. for the year ending December 31, 2016: Budgeted Sales $1,250,000 Break-even Sales 750,000 650,000 225,000 Budgeted Contribution Margin Cashflow Break-even Upton's margin of safety is: (CPA adapted) $500,000. $600,000. $525,000. O $1,025,000. The following information relates to a product produced by Faulkland Company: Direct materials $15 Direct latxor 12 Varlable ovorhead 11 Fixed overhead 13 Unit cost $51 Fixed selling costs are $1,080,000 per year. Variable selling costs of S3 per unit sold are added to cover the transportation cost. Although production capacity is 580,000 units per year. Faulkland expects to produce only 180,000 units next year. The product normally sells for S56 eech. A customer has offered to buy 68.000 units for S50 eech. The customer will pey the transportation charge on the units purchased. If Feulkland accepts the special order, the effect on income would be a O $68,000 increase. O $612,000 increase. O $816 O00 increase O $108,000 decrease. The following pertains to Upton Co. for the year ending December 31, 2016: Budgeted Sales $1,250,000 Break-even Sales 750,000 650,000 225,000 Budgeted Contribution Margin Cashflow Break-even Upton's margin of safety is: (CPA adapted) $500,000. $600,000. $525,000. O $1,025,000. The following information relates to a product produced by Faulkland Company: Direct materials $15 Direct latxor 12 Varlable ovorhead 11 Fixed overhead 13 Unit cost $51 Fixed selling costs are $1,080,000 per year. Variable selling costs of S3 per unit sold are added to cover the transportation cost. Although production capacity is 580,000 units per year. Faulkland expects to produce only 180,000 units next year. The product normally sells for S56 eech. A customer has offered to buy 68.000 units for S50 eech. The customer will pey the transportation charge on the units purchased. If Feulkland accepts the special order, the effect on income would be a O $68,000 increase. O $612,000 increase. O $816 O00 increase O $108,000 decrease. The following pertains to Upton Co. for the year ending December 31, 2016: Budgeted Sales $1,250,000 Break-even Sales 750,000 650,000 225,000 Budgeted Contribution Margin Cashflow Break-even Upton's margin of safety is: (CPA adapted) $500,000. $600,000. $525,000. O $1,025,000. The following information relates to a product produced by Faulkland Company: Direct materials $15 Direct latxor 12 Varlable ovorhead 11 Fixed overhead 13 Unit cost $51 Fixed selling costs are $1,080,000 per year. Variable selling costs of S3 per unit sold are added to cover the transportation cost. Although production capacity is 580,000 units per year. Faulkland expects to produce only 180,000 units next year. The product normally sells for S56 eech. A customer has offered to buy 68.000 units for S50 eech. The customer will pey the transportation charge on the units purchased. If Feulkland accepts the special order, the effect on income would be a O $68,000 increase. O $612,000 increase. O $816 O00 increase O $108,000 decrease. The following pertains to Upton Co. for the year ending December 31, 2016: Budgeted Sales $1,250,000 Break-even Sales 750,000 650,000 225,000 Budgeted Contribution Margin Cashflow Break-even Upton's margin of safety is: (CPA adapted) $500,000. $600,000. $525,000. O $1,025,000. The following information relates to a product produced by Faulkland Company: Direct materials $15 Direct latxor 12 Varlable ovorhead 11 Fixed overhead 13 Unit cost $51 Fixed selling costs are $1,080,000 per year. Variable selling costs of S3 per unit sold are added to cover the transportation cost. Although production capacity is 580,000 units per year. Faulkland expects to produce only 180,000 units next year. The product normally sells for S56 eech. A customer has offered to buy 68.000 units for S50 eech. The customer will pey the transportation charge on the units purchased. If Feulkland accepts the special order, the effect on income would be a O $68,000 increase. O $612,000 increase. O $816 O00 increase O $108,000 decrease. The following pertains to Upton Co. for the year ending December 31, 2016: Budgeted Sales $1,250,000 Break-even Sales 750,000 650,000 225,000 Budgeted Contribution Margin Cashflow Break-even Upton's margin of safety is: (CPA adapted) $500,000. $600,000. $525,000. O $1,025,000. The following information relates to a product produced by Faulkland Company: Direct materials $15 Direct latxor 12 Varlable ovorhead 11 Fixed overhead 13 Unit cost $51 Fixed selling costs are $1,080,000 per year. Variable selling costs of S3 per unit sold are added to cover the transportation cost. Although production capacity is 580,000 units per year. Faulkland expects to produce only 180,000 units next year. The product normally sells for S56 eech. A customer has offered to buy 68.000 units for S50 eech. The customer will pey the transportation charge on the units purchased. If Feulkland accepts the special order, the effect on income would be a O $68,000 increase. O $612,000 increase. O $816 O00 increase O $108,000 decrease.
Expert Answer:
Answer rating: 100% (QA)
Q1 Answer is 500000 Explanation Budgeted Sales 1250000 Less Brea... View the full answer
Related Book For
Financial Accounting An Integrated Statements Approach
ISBN: 978-0324312119
2nd Edition
Authors: Jonathan E. Duchac, James M. Reeve, Carl S. Warren
Posted Date:
Students also viewed these accounting questions
-
The following pertains to the Cereal Division of McKenzie Corporation. Conversion costs for this division were 80 percent complete as to beginning work-in-process inventory and 50 percent complete as...
-
For the year ending December 31, 2012, Vail Inc. reports net income $140,000 and dividends $85,000. Prepare the retained earnings statement for the year assuming the balance in retained earnings on...
-
The following information for the year ending December 31, 2011, has been provided for Calle Company. Sales . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ....
-
96. A 66-year-old woman with a long history of heavy smoking presents to her doctor with complaints of shortness of breath and chronic coughing that has been present for about 2 years and has been...
-
Explain the meaning of the term source deductions.
-
At 500C (930F), what is the maximum solubility (a) of Cu in Ag? (b) Of Ag in Cu?
-
Assume that in a digital communication channel, the number of bits received in error can be modeled by a binomial random variable, and assume that the probability that a bit is received in error is...
-
You are auditing the records of Xiao Yu Corporation. The company took a physical inventory under your observation. However, the valuations have not been completed. The records of the company provide...
-
Suppose an individual's utility function over income (M) and leisure (L) is U(M,L)-L, and the individual has non-labor income Y and earns wage w. The total amount of time available is 16 hours. a....
-
Part One: In 2015, Fran Lexa opened Fran's Flowers, a small shop selling floral arrangements. On December 31, 2016, her accounting records show the following: Sales revenue...
-
With reference to Figure 2, form an equation to represent the signal and sketch its frequency domain plot. 0.2 0.4 0.6 time, s Figure 2: Output signal amplitude, mV
-
The purpose of this calculation question is for you to compute the fair value of the financial liabilities of XYZ Company. XYZ Company has only 1 financial liability. It is a non-callable publicly...
-
Errors can be syntax errors or logic errors (the code works, but not as intended). Which of the following statements contains an error? I. System.out.println("Weight (kg): +(int) (10 II....
-
A 1 0 year $ 5 , 0 0 0 6 . 5 % par - value bond with semiannual coupons is bought for $ 5 , 5 0 0 . Find the effective yield rate per coupon period,
-
A company just paid an annual dividend of $ 0 . 4 1 . Dividends are expected to grow by 2 5 % in 1 year, 2 0 % in the second year, and 1 5 % in the third year. After that, dividends are expected to...
-
F ather wants to save R 1 0 0 , 0 0 0 to pay for his sons education in 1 0 years time. An education fund requires the investors to deposit equal installments annually at the end of each year. If the...
-
Mune Company's beginning balance or Retained Earnings was $500, 000. During 20X Mune's board of directors declared quarterly dividends totaling $28,000 for the year. The actual quarterly cash...
-
Representative data read from a plot that appeared in the paper Effect of Cattle Treading on Erosion from Hill Pasture: Modeling Concepts and Analysis of Rainfall Simulator Data (Australian Journal...
-
Mitchell Inc. produces and sells voltage regulators. On July 1, 2006, Mitchell Inc. issued $14,000,000 of 10-year, 11% bonds priced to yield an effective interest rate of 10%. Interest on the bonds...
-
If salaries payable was $75,000 at the beginning of the year and $65,000 at the end of the year, should $10,000 be added to or deducted from income to determine the amount of cash flows from...
-
Taylor Company made a long-term investment in 100,000 shares of Summit Company at $50 per share. This investment represented less than 1% of the outstanding shares of Summit. By yearend, the share...
-
The chapter provides sample goals for an initial sales call on a prospect. (a) What other goals can you come up with that might be appropriate for an initial sales call? (b) Develop three or four...
-
Who is currently in your own network that you could use for prospecting? How might you add to your network?
-
What are some reasons a potential prospect might not be readily accessible? How far should you go to try to overcome such an accessibility problem before you move to the next lead?
Study smarter with the SolutionInn App