1 answer

Saved A manufacturer sold 6,960 units of its product at the price of $40 last year....

Question:

Saved A manufacturer sold 6,960 units of its product at the price of $40 last year. The variable cost petunt was $24 There op
A company provided the following data for its first year of operations ended on June 30. Figures are all in the company close
Saved A company had the following operations: Inventories beginning balance Raw materials (all direct) ending balance $34,000
Saved A manufacturer sold 6,960 units of its product at the price of $40 last year. The variable cost petunt was $24 There operating leverage was 4. What was the margin of safety (in $) for this company last year? (All answers are whole numbers - unless specified otherwise. You should NOT include the Sra.com 1000 for one thousand. Negative numbers should be added with a minus sign, eg 1000 for deres Margin of Safety = $ 53:36
A company provided the following data for its first year of operations ended on June 30. Figures are all in the company closes any under-or over-applied manufacturing overhead costs to cost of goods sold at the end of the Selling and administrative expenses Manufacturing overhead applied to Work-in-process Actual manufacturing overhead cost Cost of goods available for sale during the year Finished goods, ending balance Net operating income (after adjusting COGS) 261 337 358 730 56 12 What was the total sales for the year? (All answers are whole numbers -- unless specified otherwise. You should NOT include the 1000 for one thousand. Negative numbers should be added with a minus signe...000 fer Sales = $
Saved A company had the following operations: Inventories beginning balance Raw materials (all direct) ending balance $34,000 $37,500 Work in process $22,500 $15,000 Finished goods $67,500 $88.000 Additional information: Raw materials purchased $ 105,000 Direct manufacturing labor payroll (DL cost) $ 75,000 $ 12/DLH Direct manufacturing wage rate per hour $ 16/DLH Predetermined overhead rate per direct labor hour How much was the Raleigh's unadjusted cost of goods sold for the period? -47 (All answers are whole numbers -- unless specified otherwise. You should NOT include the signar 1000 for one thousand. Negative numbers should be added with a minus sign. eg. 1000 for a decades Cost of goods sold (unadjusted) - $

Answers

Req 1.
Unit contribution= 40-24 = 16
Contribution margin ratio = 16/40 = 40%
Total Contribution = 6960 units @16 = $111,360
Degree of Operating leverage = 4
Degree of Operating leverage = Contribution / Net Income
4 = 111,360 / Net Income
Net Income = $ 27,840
Margin of Safety = Net Income / Contribution margin ratio
27,840 /40% = $69,600
Answer is $ 69,600
Req 2.
Total sales:
Cost of goods available for sale 730
Less: Ending Finished goods inventory -56
Cost of goods sold 674
Add: Selling and admin expense 261
Add: Net Operating income 17
Total sales: 952
Answer is $ 952.
Req 3.
Beginning RM inventory 34000
Add: Purchases 105000
Total Cost of Rm available 139000
Less: Ending RM inventory 37500
Direct material used 101500
Direct Labour used 75,000
Overheads applied (75000/12 *16) 1,00,000
Total Manufacturing cost 276500
Add: Beginning WIP inventory 22,500
Total cost of WIP 2,99,000
Less: Ending WIP inventory 15,000
Cost of goods manufactured 2,84,000
Add: Beginning Inventory of FG 67,500
Total cost of goods available for sale 3,51,500
Less: Ending inventory of FG 88,000
Cost of goods sold 2,63,500
Answer is $ 263,500
.

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