Adeola Adesokan (D03511372) Case Study 2 ( Spring field express) a). Variable cost per passenger=$70.00 Full fare per passenger=$160.00 Contribution margin = $ 160- $ 70 = $ 90 per passenger Contribution margin ratio = $ 90/$160 = 56.25% Break-even point in passengers = Fixed costs/Contribution Margin = $ 3‚150‚000/$ 90 per passenger = 35‚000 passengers Break-even point in dollars = Fixed Costs/Contribution Margin Ratio= $ 3‚150‚000/0.5625
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Fouch Company makes 30‚000 units per year of a part it uses in the products it manufactures. The unit product cost of this part is computed as follows: Direct materials 15.70 Direct labor 17.50 Variable manufacturing overhead 4.50 Fixed manufacturing overhead 14.60 Unit product cost 52.30 An outside supplier has offered to sell the company all of these parts it needs for $51.90 a unit. If the company accepts this offer‚ the facilities now being used to make the part could be used to make
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AC505 Practice Quiz #1 1. For which of the businesses would the job order cost system be appropriate? a. Auto repair shop b. Crude Oil refinery. c. Drug Manufacturer. d. Root beer producer. 2. Which of the following companies would most likely use job costing? a. Paper manufacturer. b. Paint Producer. c. Breakfast cereal maker. d. Advertising agency. 3. An equivalent unit of conversion costs is equal to the amount of conversion costs required to: a. Start a unit. b. Start and complete
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percentage. 2. (TCO D) Given the following data‚ what would ROI be? Sales $50‚000 Net operating income $5‚000 Contribution margin $20‚000 Average operating assets $25‚000 Stockholder’s equity $15‚000 (Points : 5) 10% 20% 16.7% 80% 3. (TCO D) Last year‚ the House of Orange had sales of $826‚650‚ net operating income of $81‚000‚ and operating assets of $84‚000 at the beginning of the year and $90‚000 at the end of the year. What
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Sovereign Millwork‚ Ltd.‚ produces reproductions of antique residential moldings at a plant located in Manchester‚ England. Because there are hundreds of products‚ some of which are made only to order‚ the company uses a job-order costing system. On July 1‚ the start of the company’s fiscal year‚ inventory account balances were as follows: Raw Materials | £10‚000 | Work in Process | £4‚000 | Finished Goods | £8‚000 | The company applies overhead cost to jobs on the basis of machine-hours.
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a) Contribution margin= Sales per unit - Varibale expenses per unit $160 - $70 $90 Break even point in passengers = Fixed expenses / Unit CM 3‚150‚000 / 90 35‚000 units Break even point in revenues per month = Unit sales to break even X Sales per unit 35‚000 X $160 $5‚600‚000 b) Break even point in number of passenger cars per month * 90 X 70% 35‚000 / 63 63 555.5555556 or 556 Cars c) Break even point in
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Case Study I Materials purchased $325‚000 Direct Labor $220‚000 Sales $1‚350‚000 Gross Margin 30% Cost of Goods Available for Sale $1‚020‚000 Prime Costs $545‚000 Manufacturer Overhead 65% of Conversion cost Direct Materials $325‚000 Beginning Inventory numbers: Raw Materials $41‚000 Works in Process $56‚000 Finished Goods $35‚000 Formulas: Prime cost = Direct Materials cost + Direct Labor cost Conversion cost = Direct Labor cost
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EXERCISE 10: Acid-Base Balance Student Name: Landy Jean-Baptiste Student ID: 4304736 Student instructions: Follow the step-by-step instructions for this exercise found in your lab manual and record your answers in the spaces below. You are only required to perform Activity 1 & 2 in this simulation. Submit this completed document by the assignment due date found in the Syllabus. Rename this document to include your first and last name prior to submitting‚ e.g. Exercise10_JohnSmith.doc
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Jason A. Kautz University of Nebraska-Lincoln Matthew Lukeman Acadia University Copyright © 2014 Pearson Canada Inc. Slide 10-1 Q1: PCl3 is an industrial chemical used in many herbicides and insecticides. What is the molecular shape of PCl3? 1A) bent 2B) tetrahedral 3C) trigonal pyramidal 4D) T-shaped 5E) trigonal planar Copyright © 2014 Pearson Canada Inc. Slide 10-2 Q2: What is the approximate angle of the O─C─O bond in the citric acid molecule below? O O OH OH HO 1A) 120° 2B) 109.5°
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NPV A Item Years "Amt of Cash Flow" "20% FACTOR" "PV of Cash Flows" Annual Cost Savings 1 - 7 80000 3.605 288400 Initial Investment NOW -300000 1 -300000 Salvage Value 7 20000 0.279 5580 Net Present Value -6020 NPV B Item Years "Amt of Cash Flow" "20% FACTOR" "PV of Cash Flows" Annual Cost Savings 1 - 7 60000 3.605 216300 Initial Investment NOW -300000 1 -300000 Working Capital Released 7 300000 0.279 83700 Net Present Value 0 NPV A
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