What would be the operating profit of company

Assignment Help Cost Accounting
Reference no: EM13535036

What would be the operating profit of Company X if its production output for the year had been 110,000 units (equal to the number of units sold) instead of the 120,000 units production output level assumed in table?

 

Company X

 
 

Per Unit

Totals

Operating Profit Report for Year

   

Sales volume, in Units

 

110,000

Sales Revenue

$1,400.00

$154,000,000

Cost of Goods Sold Expense (see below)

-760

-83,600,000

Gross Margin

$640.00

$70,400,000

Variable Operating Expenses

-300

-33,000,000

Contribution Margin

$340.00

$37,400,000

Fixed Operating Expenses

 

-21,450,000

Operating Profit

 

$15,950,000

Manufacturing Activity Summary for Year

Per Unit

Totals

Annual Production Capacity, in Units

 

150,000

Actual Output, in Units

 

120,000

Raw Materials

$215.00

$25,800,000

Direct Labor

125

15,000,000

Variable Manufacturing Overhead Costs

70

8,400,000

Total Variable Manufacturing Costs

$410.00

$49,200,000

Fixed Manufacturing Overhead Costs

350

42,000,000

Product Cost and Total Manufacturing Costs

$760.00

$91,200,000

Reference no: EM13535036

Questions Cloud

Find its change in the magnitude of the momentum : A .250kg ball is thrown horizontally at 16.8m/s Find its change in the magnitude of the momentum
Prepare a revised balance sheet for the business : Prepare a revised balance sheet for the business giving effect to these differences and Accumulated depreciation would have been $300,000 lower
Estimate the magnitude of the balls momentum change : A 120g ball moving at .30 m/s in the + x-direction is subject to a 0.15N force in the - y-direction for 3.0s. Find the magnitude of the ball's momentum change
When blood is centrifuged it is divided into three layers : When blood is centrifuged it is divided into three layers.  Why?  What components are found in the largest quantity in the layer and which are found in the least amount?  What is the meaning of those components observed in the proportions they are?
What would be the operating profit of company : What would be the operating profit of Company X if its production output for the year had been 110,000 units (equal to the number of units sold) instead of the 120,000 units production output level assumed in table?
Topologydiagram for one subunit of cholera toxin : Topology diagrams are simplesketches that show the juxt aposition of secondary structureelements and how these elements are connected in the polypeptide.Cholera toxin is a protein virulence factor from Vibrio cholerathat causes Cholera.
Three real estate finance residential underwriting questions : Three real estate finance residential underwriting questions
Calculate the radius of the exoplanets orbit : Astronomers discover an exoplanet (a planet of a star other than the Sun) that has an orbital period of 3.85 Earth years in its circular orbit around its sun, Find the radius of the exoplanet\'s orbit
Companys production output capacity : Determine what Company Zs operating profit would have been if it had sold 2,100,000 units during the year, which is 100,000 more units than in the example shown in table.

Reviews

Write a Review

Cost Accounting Questions & Answers

  Is basil a resident of australia for tax purposes

The total price was $550. Later, a friend visiting their house saw the chairs and was sure they were Queen Anne antiques. He contacted a collector who inspected the chairs and offered Basil $14,000 for the set.

  Project briefing for the bishop company

Project briefing for the Bishop Company - Extend your existing spreadsheet by preparing an income statement, break even and operating leverage calculations for the new January 2011 data.

  The predetermined moh rate per machine hr

Evaluate the predetermined MOH rate per machine hr - Smith paints allocates overhead based on machine hours.

  Insolvent trading provisions under the corporations act

Advise whether there have been any breaches of the directors' duties in relation to insolvent trading. Also advise whether any defences are available to the directors

  1 what is the paper about2 why are the issues examined

1. what is the paper about?2. why are the issues examined interesting?3. what do we know from prior research on related

  Analyze the riskiness of the firm

Fill in the income statement for GlaxoSmithKline (UK)and Balance sheet in Appendex A for 2011 and 2010.  Take the numbers from their corporate website ONLY and then take the rate of USD and convert the numbers from Pounds to USD.

  Compute variable-overhead spending variance

Construct an Excel spreadsheet to solve the preceding requirement. Show how the solution will change if the following information changes: actual output was 9,100 cases, and actual variable overhead was $395,000.

  Create journal entries to record the issuance

Create journal entries to record the issuance of 100,000 shares of common stock at $20 per share for each of the subsequent independent cases

  Finch corp sells portable air filtration systems by means

finch corp. sells portable air filtration systems by means of direct and internet mail orders. most of components are

  Prepare a multistep income statement for matthew

Prepare a multistep income statement for Matthews Dry Goods for the month ended February 28, 2010.

  What is the amount of expense harris must recognize

Harris Company borrowed $800,000 from Liber Bank on January 1, 2013 in order to expand its mining capabilities. The five-year note required annual payments of $208,349 and carried an annual interest rate of 8.5%. What is the amount of expense Harr..

  Compute the abc indirect manufacturing cost

Compute the ABC indirect manufacturing cost per unit for each product - production of two product lines:

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd