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Lindon Company is the exclusive distributor for an automotive product that sells for $37.00 per unit and has a CM ratio of 33%. The company’s fixed expenses are $354,090 per year. The company plans to sell 30,000 units this year. Required: 1. What are the variable expenses per unit? (Round your answer to 2 decimal places.) 2. Use the equation method: a. What is the break-even point in unit sales and in dollar sales? (Do not round intermediate calculations.) b. What amount of unit sales and dollar sales is required to earn an annual profit of $61,050? (Do not round intermediate calculations.) c.) Assume that by using a more efficient shipper, the company is able to reduce its variable expenses by $3.60 per unit. What is the company’s new break-even point in unit sales and in dollar sales? (Do not round intermediate calculations. Round up break even point answers to the nearest whole number.) 3. Repeat (2) above using the formula method. a. What is the break-even point in unit sales and in dollar sales? (Do not round intermediate calculations.) b. What amount of unit sales and dollar sales is required to earn an annual profit of $61,050? (Do not round intermediate calculations.) c. Assume that by using a more efficient shipper, the company is able to reduce its variable expenses by $3.60 per unit. What is the company’s new break-even point in unit sales and in dollar sales? (Do not round intermediate calculations. Round up break even point answers to the nearest whole number.)
Quantity-actual production time 1.5 hours, rest periods and clean up 0.33 hours, and setup and downtime 0.18 hours. Compute Standard direct labor rate per hour.
At the beginning of the year the following standards were set. Overhead is applied using direct labor hours. What is the labor efficiency variance (LEV)? Favorable/Unfavorable. What is the overhead controllable variance (OCV)? Favorable/Unfavorable
On May 1, 2016, Meta Computer, Inc., enters into a contract to sell 9,500 units of Comfort Office Keyboard to one of its clients, Bionics, Inc., at a fixed price of $120,000, to be settled by a cash payment on May 1. The stand-alone selling price for..
All of these answers are correct.Number of machine setups Machine hours Material cost
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Victory Company uses weighted-average process costing to account for its production costs. Conversion cost is added evenly throughout the process. Direct materials are added at the beginning of the process. Determine the equivalent units of productio..
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Memphis Company anticipates total sales for April, May, and June of $800,000, $900,000, and $950,000 respectively. Cash sales are normally 25% of total sales. Of the credit sales, 30% are collected in the same month as the sale, 65% are collected dur..
Prepare the statement, with explanations, showing the greatest profit available from the limited amount of skilled labour available, within the constraint stated. Hint: Remember that all labour is paid at the same rate.
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