Managerial Accounting - Is this your area of specialization?

The break-even point is the point at which

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Singer Co. reported sales of $416,000, a contribution margin of $5 per unit, fixed costs of $80,000, and a net income of $24,000. Determine the selling price per unit?

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Use the following information to answer questions 4 & 5  Projected cost information for a new product is as follows:

The product is to be sold at $18 per unit.

Determine the break-even point for this product (in $)

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Use the following information to answer questions 4 & 5  Projected cost information for a new product is as follows:

The product is to be sold at $18 per unit.

What price would the company have to sell this product for if they wish to sell 10,000 units and realize a profit of $50,000?

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Gastone Inc. has estimated the following forecasted sales for a 3-month period:

On average, 60% of sales are collected in the month of sale, 39% in the following month, and the remaining 1% is never collected. Determine the budgeted cash receipts for September.

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Garth Inc. has gathered the following monthly budget numbers based on a budgeted production level of 2,000 units:

The actual production level during February was 3,000 units. Based on the information provided, determine the estimated direct material & factory property taxes, respectively, for February.

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Use the following information to answer questions 8 & 9.  Projected sales, beginning & ending inventory for Sommers Inc. for March 2013 is as follows:

The selling price is $40 per unit. Each unit requires 4 pounds of material which costs $6 per pound. The beginning inventory of raw materials is 12,000 pounds. The company wants to have 3,000 pounds of material in inventory at the end of March 2013.

Determine Sommers' budgeted production for March 2013.

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Use the following information to answer questions 8 & 9. Projected sales, beginning & ending inventory for Sommers Inc. for March 2013 is as follows:

The selling price is $40 per unit. Each unit requires 4 pounds of material which costs $6 per pound. The beginning inventory of raw materials is 12,000 pounds. The company wants to have 3,000 pounds of material in inventory at the end of March 2013.

Determine the budgeted material purchases for March 2013.

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Polar Fans has prepared all the necessary budgets and is attempting to prepare their forecasted income statement. Given that the budgeted total manufacturing cost is $600,000, the budgeted beginning and ending WIP balances are $120,000 and $170,000 respectively, the budgeted costs of goods manufactured is $550,000, and the budgeted beginning and ending FG inventories are $60,000 and $78,000, determine the budgeted cost of goods sold for Polar Fans.

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The following information was reported for Lake Co.

How much cash will Lake Co. have to borrow to meet its minimum cash requirements?

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Use the following information to answer questions 12 - 15 The budgeted and actual costs at Goodyear Company is as follows:

The budgeted cost and actual cost, respectively, of producing one tire is (to the nearest $)

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Use the following information to answer questions 12 - 15 The budgeted and actual costs at Goodyear Company is as follows:

The direct materials price variance is:

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Use the following information to answer questions 12 - 15 The budgeted and actual costs at Goodyear Company is as follows:

The direct materials quantity variance is:

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Use the following information to answer questions 12 - 15 The budgeted and actual costs at Goodyear Company is as follows:

The direct labor efficiency variance is:

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 Excel Co. has collected the following data for April 2001:  Budgeted direct labor: 3 hours per unit at $6 per hour  Direct labor efficiency variance: $1,200 (U)  Actual direct labor cost: $28,900  Units produced: 1,600  The number of direct labor hours actually worked during April is:

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What type of direct material variances for quantity and price will arise if the actual number of pounds of material used exceeds budgeted pounds but actual cost per pound was less than budgeted cost per pound?

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