Loading...

Messages

Proposals

Stuck in your homework and missing deadline? Get urgent help in $10/Page with 24 hours deadline

Get Urgent Writing Help In Your Essays, Assignments, Homeworks, Dissertation, Thesis Or Coursework & Achieve A+ Grades.

Privacy Guaranteed - 100% Plagiarism Free Writing - Free Turnitin Report - Professional And Experienced Writers - 24/7 Online Support

Ritz furniture has a contribution margin ratio of

15/10/2021 Client: muhammad11 Deadline: 2 Day

Question 1
A typical use of managerial accounting is to:
( ) help investors and creditors assess the financial position of the company.
( ) help management get a clean audit report
( ) help the marketing manager decide which product promotion to implement
( ) help the SEC decide whether management is in compliance of its policies.
Question 2
Three costs incurred by Pitt Company are summarized below:
1,000 units 2,000 units
Cost A $10,000 $15,000
Cost B $21,000 $21,000
Cost C $16,000 $32,000
Which of these costs are variable?
( ) A, B, and C
( ) A and B
( ) A only
( ) C only

Question 3
Bubba's Steakhouse has budgeted the following costs for a month in which 1,600 steak dinners will be produced and sold: Materials, $4,080; hourly labor (variable), $5,200; rent (fixed), $1,680; depreciation, $710; and other fixed costs, $590. Each steak dinner sells for $12.80 each. How much would Shula’s profit increase if 10 more dinners were sold?

Question 4
Bellfont Company produces door stoppers. August production costs are below:
Door Stoppers produced 74,000
Direct material (variable) $20,000
Direct labor (variable) 40,000
Supplies (variable) 20,000
Supervision (fixed) 25,900
Depreciation (fixed) 24,500
Other (fixed) 5,400
In September, Bellfont expects to produce 100,000 door stoppers. Assuming no structural changes, what is Bellfont’s production cost per door stopper for September?
Question 5
Aaron's chairs is in the process of preparing a production cost budget for August. Actual costs in July for 120 chairs were:
Materials cost $4,790
Labor cost 2,810
Rent 1,500
Depreciation 2,500
Other fixed costs 3,200

Materials and labor are the only variable costs. If production and sales are budgeted to change to 130 chairs in August, how much is the expected total variable cost on the August budget?
Question 6
Carry-ALL plans to sell 1,300 carriers next year and has budgeted sales of $46,000 and profits of $22,000. Variable costs are projected to be $20 per unit. Michael Co. offers to pay $23,400 to buy 690 units from Carry-ALL. Total fixed costs are $7,000 per year. This offer does not affect Carry-ALL's other planned operations. The incremental revenues for this situation are

Question 7
Stellar Company has the following sales, variable cost, and fixed cost. If sales increase by $10,000 then their profit increases/decreases by how much?

Sales $50,000
Variable Costs $9,400
Fixed Costs $27,000
Answer:
8,120

Question 8
Susan is trying to decide whether or not to attend college during the next 12-week session. She has the following options:
1. Attend college full-time at a cost of $1,200.
2. Attend college part-time at a cost of $700 and work part-time earning $1,900.
3. Work full-time earning $5,000.
What is Susan's incremental profit if she chooses option 3 over option 2?
Question 9
Total costs were $72,600 when 28,000 units were produced and $93,800 when 39,000 units were produced. Use the high-low method to find the estimated total costs for a production level of 32,000 units.

Question 10
Professional University teaches a large range of undergraduate courses. It is interested in determining the cost equation for the facilities cost as a function of student credit hours so that it an more accurately budget its facilities costs as enrollment grows. Information for the high and low cost semesters and volumes for last 5 years appears below
Semester Student Credit Hours Facilities Cost
Spring 2007 250,000 $500,000
Fall 2004 300,000 $530,000
Using the high low method, with student credit hours as the activity driver, what is the equation for facilities cost (FC) as a function of student credit hours?
( ) FC = $350,000 + $0.60 / student credit hour
( ) FC = -$585,100 + $1.67 / student credit hour
( ) FC = $1.77 / student credit hour
( ) FC = $2 / student credit hour

Question 11
Randy's tireland makes a product that sells for $66 per unit and has $52 per unit in variable costs. Annual fixed costs are $24,000. If Rambles sells 10 units less than breakeven, how much loss would the company recognize on its income statement?
Question 12
Ritz Furniture has a contribution margin ratio of 0.17. If fixed costs are $163,300, how many dollars of revenue must the company generate in order to reach the break-even point?
Question 13
U.S. Telephone Cellular sells phones for $100. The unit variable cost per phone is $50 plus a selling commission of 10% (based on the unit sales price per phone). Fixed manufacturing costs total $1,010 per month, while fixed selling and administrative costs total $2,430. How many phones must be sold to achieve the breakeven point?
Question 14
Swimkids is a swimsuit manufacturer. They sell swim suits at a selling price is $30 per unit. Swimkids variable costs are $18 per unit. Fixed costs are $86,300. Swimkids expects sales of $274,700 next year. What is Swimkids's margin of safety (in dollars)?
Question 15
Lambardi Company sells 3 types of bags. Bag A sells for $16 and has variable cost of $9.00 per unit. Bag B sells for $14 and has variable cost of $12.00 per unit. Bag C sells for $7 and has variable costs of $6.00 per unit. Lambardi sells in a mix of 2 units of A, 3 units of B and 5 units of C. What is the weighted average contribution margin per unit for Lambardi?
Question 16
Product A has a contribution margin per unit of $500 and required 2 hours of machine time. Product B has a contribution margin per unit of $1,000 and requires 5 hours of machine time. How much of each product should be produced given there are 100 hours of available machine time?
( ) 50 units of A and 25 units of B.
( ) 25 units of B.
( ) 50 units of A.
( ) None of the above

Question 17
Delfi Company produces two models of seats, Toro and Prep. Information regarding these products for May follows:
Toro Prep
Number of units 3,000 7,000
Sales revenue $120,000 $140,000
Variable costs 60,000 42,000
Fixed costs 24,000 50,000
Net Income $36,000 $48,000
Pounds of plastic to produce one bucket 4.0 1.6
Contribution margin per unit $20 $14
Due to increased demand of plastic in the market, Delfi Company can obtain only 9,000 pounds of plastic per month. Delfi can sell as many seats as it can produce of either model. How many of each model should Delfi produce to maximize profit in May considering the constraint?
( ) Toro: 0; Prep: 4,375
( ) Toro: 2,250; Prep: 0
( ) Toro: 1,125; Prep: 2,812
( ) Toro: 0; Prep: 5,625

Question 18
Abagail Corp. uses activity-based costing system with three activity cost pools. The following information is provided:
Costs: Wages and salaries $ 216,000
Depreciation 116,000
Utilities 119,000
Total $440,000

Activity Cost Pools
Assembly Setting Up Other
Wages and salaries 0.54 30% 10%
Depreciation 0.39 45% 20%
Utilities 0.29 40% 30%

How much total cost would be allocated to the Assembly activity cost pool?
Question 19
Which of the following is not a goal of Managerial Accounting?
( ) Provide information managers need for planning.
( ) Provide information managers need for market wide interest rates.
( ) Provide information managers need for control.
( ) Provide information managers need for decision making.
Question 20
Which one of the following is least likely to be a fixed cost?
( ) Rent for buildings
( ) Rent for land
( ) Cost of commodity inputs
( ) Cost of property, plant and equipment
________________________________________

Homework is Completed By:

Writer Writer Name Amount Client Comments & Rating
Instant Homework Helper

ONLINE

Instant Homework Helper

$36

She helped me in last minute in a very reasonable price. She is a lifesaver, I got A+ grade in my homework, I will surely hire her again for my next assignments, Thumbs Up!

Order & Get This Solution Within 3 Hours in $25/Page

Custom Original Solution And Get A+ Grades

  • 100% Plagiarism Free
  • Proper APA/MLA/Harvard Referencing
  • Delivery in 3 Hours After Placing Order
  • Free Turnitin Report
  • Unlimited Revisions
  • Privacy Guaranteed

Order & Get This Solution Within 6 Hours in $20/Page

Custom Original Solution And Get A+ Grades

  • 100% Plagiarism Free
  • Proper APA/MLA/Harvard Referencing
  • Delivery in 6 Hours After Placing Order
  • Free Turnitin Report
  • Unlimited Revisions
  • Privacy Guaranteed

Order & Get This Solution Within 12 Hours in $15/Page

Custom Original Solution And Get A+ Grades

  • 100% Plagiarism Free
  • Proper APA/MLA/Harvard Referencing
  • Delivery in 12 Hours After Placing Order
  • Free Turnitin Report
  • Unlimited Revisions
  • Privacy Guaranteed

6 writers have sent their proposals to do this homework:

Academic Mentor
Premium Solutions
Essay Writing Help
Homework Master
Academic Master
Top Class Results
Writer Writer Name Offer Chat
Academic Mentor

ONLINE

Academic Mentor

I find your project quite stimulating and related to my profession. I can surely contribute you with your project.

$25 Chat With Writer
Premium Solutions

ONLINE

Premium Solutions

I have read your project description carefully and you will get plagiarism free writing according to your requirements. Thank You

$39 Chat With Writer
Essay Writing Help

ONLINE

Essay Writing Help

I am a professional and experienced writer and I have written research reports, proposals, essays, thesis and dissertations on a variety of topics.

$16 Chat With Writer
Homework Master

ONLINE

Homework Master

This project is my strength and I can fulfill your requirements properly within your given deadline. I always give plagiarism-free work to my clients at very competitive prices.

$25 Chat With Writer
Academic Master

ONLINE

Academic Master

I have assisted scholars, business persons, startups, entrepreneurs, marketers, managers etc in their, pitches, presentations, market research, business plans etc.

$18 Chat With Writer
Top Class Results

ONLINE

Top Class Results

I have read your project description carefully and you will get plagiarism free writing according to your requirements. Thank You

$26 Chat With Writer

Let our expert academic writers to help you in achieving a+ grades in your homework, assignment, quiz or exam.

Similar Homework Questions

Advertising 7 - Is 17 rational or irrational - Blood spatter lab answer key - George lakoff don't think of an elephant - Akta prime user manual - How to date a brown girl - Coursera the power of macroeconomics - Delta airlines case study strategic management - Research problems - Can anyone do my key concepts assignment please - Week 1 Course Project: Topic Selection - Horry georgetown technical college wavenet - Houzit homeware case study - Annotated Bibliography - Network technology substrates - Apple product information sheet - 93 waldegrave crescent vincentia - The most important person in my life essay father - 207 allen way incline village - 1 248 country code - Pedestrian crossing australian standard - Certificate in funeral services - Crimes of the Future essay - Canadian manufacturers and exporters nova scotia - ^786^ Love Marriage sPECIALIST +91-8529590991 Molvi ji - The casino industry case analysis - Mackillop family services mission - Advantages of a multicultural society and labor force - Ferranti packard flip dot display - Why cats and dogs fight - Research paper for Crypto - Swot analysis disney parks and resorts - Poem about beauty inside - Greasy lake by tc boyle full text - Matlab Coding - Cloudant node js tutorial - Social Work- Indicators of Suicide - Chair the fed a monetary policy game - Simple stud service contract - Orchard park high school - Racv renew roadside assistance - Perspex rod static electricity - Blockchain based transformation a gartner trend insight report pdf - Fmdq daily quotation list - PM WK 4. - Does hillsborough community college have dorms - Sodium hypochlorite and hydrochloric acid balanced equation - Case Discription - Camellia spring mist uk - Caltex rpm tractor hydraulic fluid - George brown course outlines - Business law - The Components of Prokaryotic Transcription - What is a language analysis - Rat dissection circulatory system - How to do a character study in the bible - Categories of critical to quality characteristics - The dynaco manufacturing company produces - The apathetic organizational culture exhibits - Tetley tea folk hats - Ecovia stop the violence don t text and drive - Bettina talent agency reviews - MBA 6601 UNIT I ASSNMNT - Rnsh ambulatory care centre phone number - Steve jobs one last thing online - Business Analytics (Predictive analytics) - Http www businessballs com pestanalysisfreetemplate htm - Short answer - Maximum megahertz project case study solution - Capsular tension ring sizing - Abcb protocol for building energy analysis software - Pmdg 747 fuel planner - Organized retailing in india ppt - Who gave harry potter the invisibility cloak - Branched polymers have one non-reducing end and many reducing ends - The flower duet by delibes youtube - Living like weasels rhetorical analysis - 22 mckinlay st narrabundah - Rhetorical fallacy in the workplace - Social class - System call parameter passing - Moreton bay boys college map - Bmt tax depreciation cairns - Samsung ssd serial number decoder - Https www youtube com watch v ymyofrec5jk - Assessment and plan for organizational culture change at nasa - 2000 divided by 1 - Oabc format - Why do elephants have ivory tusks worksheet answers - Does piracy hurt the economy - E Marketing - I hope you dance wedding - Process Synchronization Using Monitor and Pthreads - Accounting - Er schema for university database - Manganese iv symbol and charge - How did opponents of continental drift account - Ideal diode equation derivation - Microbiology case study answers - Strayer university acc 100 syllabus