Monthly Archives: August 2015

Eneliko Company installs home theater systems

Compute and Use the Degree of Operating Leverage Eneliko Company installs home theater systems. The company’s most recent montly contribution format income statement appears below: Percent Amount        of Sales Sales                $120,000         100 Variable expenses    … Continue reading

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Mohan Corporation is a distributor of a sun umbrella used at resort hotels

Compute the Margin of Safety  Mohan Corporation is a distributor of a sun umbrella used at resort hotels. Data concerning the    next month’s budget appear below: Selling price            $25 per unit Variable expense            $15 per unit … Continue reading

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Liman Corporation has a single product whose selling price is $140

Compute the Level of Sales Required to Attain a Target Profit Liman Corporation has a single product whose selling price is $140 and whose variable cost is $60 per unit. The company’s monthly fixed expense is $40,000. Required:        1.  … Continue reading

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Maxson Products distributes a single product, a woven basket whose selling price is $8

Compute the Break-Even Point        Maxson Products distributes a single product, a woven basket whose selling price is $8 and whose variable cost is $6 per unit. The company’s monthly fixed expense is $5,500. Required:   1. Solve for the company’s … Continue reading

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Data for Herron Corporation are shown below

hanges in Variable Costs, Fixed Costs, Selling Price and Volume Data for Herron Corporation are shown below: Percent Per Unit        of sales Selling price            $75         100% Variable expenses            45        60% Contribution margin    … Continue reading

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Last month when Harrison Creations, Inc., sold 40,000 units, total sales were $300,000

Computing and Using the CM Ratio    Last month when Harrison Creations, Inc., sold 40,000 units, total sales were $300,000, total variable expenses were $240,000, and total fized expenses were $45,000. Required: 1.  What is the company’s contribution margin (CM) ratio? … Continue reading

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Weaver Company’s predetermined overhead rate is $18.00 per direct labor-hour

Computing Job Costs  Weaver Company’s predetermined overhead rate is $18.00 per direct labor-hour and its direct labor wage rate is $12.00 per hour.  The following information pertains to Job A-200. Direct Materials ………………………………. $200 Direct Labor …………………………………….. $120 Required: What … Continue reading

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Wheeler Corporation’s most recent income statement follows

Preparing a Contribution Format Income Statement.  Wheeler Corporation’s most recent income statement follows.                                                                              Total                       Per Unit Sales (8,000 units)   $208,000                 $26.00 Variable expenses     244.000                   18.00 Contribution margin         64.00                   $8.00 Fixed expenses         56.00 … Continue reading

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Your Boat, Inc. assembles custom sailboats from components supplied by various manufacturers

Classifying Manufacturing Costs    Your Boat, Inc. assembles custom sailboats from components supplied by various manufacturers.  The company is very small and its assembly shop and retail sales store are housed in a Gig Harbor, Washington, boathouse.  Below are listed … Continue reading

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ECON 312 Final Exam (A+ Guaranteed)

ECON 312 Final Exam 1.(TCO 1) Opportunity cost is best defined as (Points : 4) marginal cost minus marginal benefit. the time spent on an economic activity. the value of the best forgone alternative. the money cost of an economic … Continue reading

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